Bharti Airtel

₹2,107As of Sun 8 Nov 2026, 12:00 UTC

NSE:BHARTIARTLCommunication

Country India

PE (Fwd) 38.35

TSR 10Y CAGR 22.77%

Div yield 1.14%

ROE —

Telecom Services

Beta (5Y) (0.03)

PE TTM 47.49

TSR TTM 3.86%

Mkt cap ₹13.39T

ROIC —

SE Grade™

—

Value

Quality

Moat

—

1Y Price

Reference

₹2,274

7.93%

(53.32%)

Price above Reference Value

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

2,110

Revenue₹B

—

1,165

1,391

1,500

1,730

2,110

2,351

15.99%

21.96

Revenue growth%

—

19.39

7.79

15.34

21.96

11.42

17.36

—

100

67.65

Gross margin%

—

59.43

62.09

63.40

64.84

67.65

67.73

63.40

31.88

Operating margin%

—

21.15

25.20

26.01

27.68

31.88

32.01

26.01

100

12.65

Net margin%

—

3.65

6.00

4.98

19.40

12.65

12.73

6.00

47.49

P/E ratio (avg)x

—

85.25

51.87

76.96

27.60

43.60

42.38

51.87

18.85

EV/EBITx

—

14.72

12.35

14.73

19.34

17.30

16.85

14.73

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

Return on assets%

—

44.37

EPS₹

—

7.63

14.57

12.80

56.00

44.37

49.73

55.31%

—

(20.77)

EPS growth%

—

91.05

(12.17)

337.68

(20.77)

12.07

39.44

—

Bookvalue per sh₹

—

FCF per share₹

—

24.00

Dividend per sh₹

—

3.00

4.00

8.00

16.00

24.00

26.48

68.18%

—

1.14

Div yield (avg)%

—

0.46

0.53

0.81

1.04

1.24

1.26

0.81

54.09

Payout ratio%

—

39.32

27.45

62.50

28.55

54.09

53.26

39.32

6.016

Shares (diluted)B

—

5.580

5.728

5.836

5.992

6.016

◌6.016

1.90%

(0.41)

Buyback yield%

—

(2.67)

(1.87)

(2.68)

(0.41)

◌—

(2.27)

—

D/E ratiox

—

12,678

Enterprise value₹B

—

3,627

4,329

5,747

9,260

11,640

12,678

33.84%

—

LT debt₹M

—

Peers (US$139.2B)

Cap (US$)

Vodafone Idea Limited

14.72B

3.692x

Indus Towers Limited

10.76B

14.22x

Bharti Hexacom Limited

8.829B

45.45x

Deutsche Telekom AG

139.6B

13.91x

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

3.770

2.453

Own earn%

—

Sh yield%

0.73

(1.35)

Owners

Insiders/Inst%

0.02

29.02

Short interest%

—

SBC / revenue%

0.14

Record

10Y

Profitable years

5/5

Revenue growth years

4/4

EPS growth years

2/4

Dividend streakyrs

Op margin range%

21–32

$1 testx

—

Incr. ROIC%

—

Bharti Airtel Limited is a telecommunications company operating in India and internationally, including Africa and South Asia, providing 2G/3G/4G/5G mobile voice and data, mobile money, tower infrastructure, fixed-line and broadband home services, DTH and IPTV digital TV, and OTT content. Its Airtel Business segment offers MPLS, VoIP, SIP trunking, CPaaS, IoT, cloud, cybersecurity and network integration services.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

₹2.110T

15.99%

1.00×

Cost of revenue

₹682.5B

9.61%

0.80×

Operating expenses

₹754.6B

14.04%

0.93×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m