BHARTIARTL · NSE · Telecom - Cellular & Fixed line services
Bharti Airtel Ltd
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Communication Services
dear
low confidence
No valuation within 120 days; P/E 36.8 vs peers 25.3 (17th of 19); P/B 6.8 vs peers 5.7 (14th of 19).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model
What is Bharti Airtel's share price today?
Bharti Airtel last traded at ₹1,778.70 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 1.5% on the day, down 7.7% over a year. Its 52-week range is ₹1,726 to ₹2,174. The live price is in the app.
₹1,778.70
−1.5% today
−7.7% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range12% of the way up
Low ₹1,726High ₹2,174
What is Bharti Airtel's market cap?
Bharti Airtel's market capitalisation is about ₹11.27 lakh crore: what it would cost to buy every share at today's price. That makes it the 2nd largest large cap company we cover.
₹11.3 L Cr
Large Cap2nd largest large cap company
Share price₹1,779
×
Shares in issue633 crore
=
Market cap₹11.3 L Cr
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: BHARTIARTL
- ISIN
- INE397D01024
- Cap bucket
- Large Cap, 2nd largest by market cap
- Industry (NSE)
- Telecommunication › Telecom - Services › Telecom - Cellular & Fixed line services
- Listed since
- 2002
- Futures and options
- Traded
Is Bharti Airtel overvalued?
Dear, with low confidence: no valuation within 120 days; P/E 36.8 vs peers 25.3 (17th of 19); P/B 6.8 vs peers 5.7 (14th of 19).
Valuation
Latest price and trailing 12 months
P/E
36.79
vs peers 25.3 · 17th of 19
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
6.77
vs peers 5.7 · 14th of 19
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹11.27 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
1.4%
vs peers 1.2% · 7th of 15
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
0.77
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is Bharti Airtel a quality business?
Quality score 35.6, 18th of 19 in its peer set; WATCH on 28 of 30 flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
35.6
vs peers 46.0 · 18th of 19
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
WATCH
28 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Profitability
ROE
10.7%
vs peers 18.4% · 14th of 19
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE
12.5%
vs peers 18.2% · 13th of 19
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin
12.9%
vs peers 13.4% · 10th of 19
Profit after everything, as a share of revenue. Learn more →
EPS
₹55.51
Trailing 12 months
Profit for each share over the last 12 months.
Inside the app
Get a sneak peek of Valarth
Has Bharti Airtel made money for shareholders?
Mixed: −7.7% over one year and +20.6% a year over five years.
Shareholder returns
5-year return
+20.6% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
+1.4%1M
−1.4%3M
−5.1%6M
−3.5%1Y
−7.7%3Y
+24.3%5Y
+20.6%Does Bharti Airtel pay a dividend?
Yes. Bharti Airtel's dividend yield is 1.35% at the latest price; the last payout was ₹24.00 a share, ex-dividend 24 Jul 2026.
Dividends
Per share, by ex-dividend date
Dividend yield1.35%
The past 12 months' dividends as a share of today's price.
24 Jul 2026 · Final₹24.00
18 Jul 2025 · Final₹16.00
7 Aug 2024 · Final₹8.00
11 Aug 2023 · Final₹4.00
1 Aug 2022 · Final₹3.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is Bharti Airtel growing?
Revenue 3 years 15.0% a year; profit 3 years 47.3% a year; revenue 5 years 12.9% a year.
Growth
Statements through FY2026 (Mar-26)
Revenue 3 years
15.0% a year
vs peers 9.6% · 7th of 19
Compound annual growth of revenue over three years. Learn more →
Profit 3 years
47.3% a year
vs peers 15.4% · 2nd of 18
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years
12.9% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years
46.7% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years
47.6% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years
Not available
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history
-45.5%
vs peers -17.1% · 4th of 18
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →
How did Bharti Airtel do last quarter?
Bharti Airtel reported revenue of ₹58,539 Cr, up 22.0% on a year earlier and a net profit of ₹10,012 Cr, down 9.8% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Revenue, latest quarter₹58,539 Cr
+22.0% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹10,012 Cr
−9.8% on a year earlier
What was left for shareholders after every cost and tax.
How does Bharti Airtel compare with its peers?
Compared with 18 listed companies; 17th of 19 on P/E; 18th of 19 on quality score.
Compared with 18 listed companies
18 companies
- Bharti Airtel Ltd (this page)
- Reliance Industries Ltd
- Tata Consultancy Services Ltd
- Larsen & Toubro Ltd
- Hindustan Unilever Ltd
- Sun Pharmaceutical Industries Ltd
- Infosys Ltd
- Adani Ports & Special Economic Zone Ltd
- Titan Company Ltd
- Adani Power Ltd
- Maruti Suzuki India Ltd
- Mahindra & Mahindra Ltd
- ITC Ltd
- HCL Technologies Ltd
- UltraTech Cement Ltd
- Eternal Ltd
- Hindustan Aeronautics Ltd
- NTPC Ltd
- JSW Steel Ltd
Bharti Airtel against its peers
Largest 10 of 18 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
Bharti Airtel Ltd₹11.3 L Cr36.86.810.7%12.5%−7.7%
Peer median—25.35.718.4%18.2%−10.5%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns Bharti Airtel?
Bharti Airtel is held by promoters 50.1%, foreign institutions 26.5%, domestic institutions 20.8%.
Shareholding pattern
Latest filing, percent of shares
Promoters50.1%
The founders and controlling group.
Foreign institutions26.5%
Overseas funds investing through the FPI route.
Domestic institutions20.8%
Indian insurers, banks, pension and mutual funds together.
Mutual funds11.8%
Indian mutual fund schemes; part of domestic institutions.
Retail and others1.3%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about Bharti Airtel?
32 analysts cover Bharti Airtel, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
32 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does Bharti Airtel do and what is it sensitive to?
Bharti Airtel Limited is India's largest integrated communications solutions provider and second-largest mobile operator in Africa, operating in 15 countries. Sensitive to: foreign exchange rates on Africa operations and borrowings.
Business-model card
FY2025 · 64 verified
3Revenue
4Channels
4Regulators
9Reg. dependencies
6Sensitivities
7Costs
2Geographies
Bharti Airtel Limited is India's largest integrated communications solutions provider and second-largest mobile operator in Africa, operating in 15 countries. It earns revenue from mobile services (voice, data, SMS), digital TV, home broadband, enterprise solutions and digital platforms, serving 424.5 million customers primarily through subscription and usage-based pricing.
Revenue by segment
year ended March 31, 2025 (Consolidated)
Mobile Services India56.5%
Mobile Services Africa23.9%
Mobile Services South Asia0.1%
Airtel Business11.4%
Passive Infrastructure Services3.0%
Homes Services3.4%
Digital TV Services1.8%
Revenue engine
3 verified
Service revenue from mobile and telecom services
Pack subscription charges for voice, data, messaging, value added services recognized over subscription pack validity period; interconnection and roaming charges from other operators' usage of network
Digital services and platforms revenue
Commission revenue from mobile money services for merchant payments and transfers; rental and energy revenue from tower sites; revenue from digital platforms Airtel Thanks, Xstream, Airtel IQ CPaaS reaching 165 million MAU
Equipment sales and multiple element arrangements
Revenue from sale of telecommunication equipment and accessories recognized at point of transfer of control; revenues from arrangements combining multiple products, services or rights allocated by standalone selling prices
Customers & channels
4 verified
B2C (end consumers) for mobile, broadband and digital services
424.5 million total India customers reached through Airtel stores, contact centres, e-mail, SMS, social media, Airtel Thanks App for ongoing customer service and feedback
B2B enterprise customers
Enterprise segment receiving tailored connectivity solutions (IoT, SD-WAN, Cybersecurity, CPaaS, Cloud) shifting from basic connectivity needs
Channel partners and retailers
~1.1 million pan-India retailers and 3,882 partner stores in small towns engaged through superior commission schemes, marketing support and product portfolio training
1 more statement
Network operators (interconnection customers)
Other telecom operators using Airtel's network for voice, data, messaging and signaling services at interconnection and roaming rates
Regulators
4 verified
Telecom Regulatory Authority of India (TRAI)
Regulates tariffs, quality of service, subscriber verification norms, spectrum allocation and pricing via Standing Advisory Committee on Radio Frequency Allocation (SACFA)
Universal Service Obligation (USO) Fund
Government authority managing universal service obligations in telecom sector operations
Municipal Pollution Control Boards
Local environmental and pollution control compliance oversight
1 more statement
Ministry of Electronics and Information Technology (MeitY)
Governs digital data protection rules, AI governance guidelines and digital infrastructure standards
Regulatory dependencies
9 verified
Spectrum pricing and allocation mechanism
Escalating spectrum prices directly impact capex and operating costs; determined by TRAI auctions and SACFA norms; higher prices reduce profitability unless recovered through tariff increases
Tariff regulation and ARPU sustainability
India's mobile ARPU ranks among lowest globally while data usage is among highest; tariff repair needed for capex investment sustainability; company income directly depends on ability to increase pack subscription rates
Right of Way (RoW) and tower sealing regulations
RoW policies and tower sealing by municipal authorities affect network infrastructure deployment speed and cost; industry-wide issue voiced through COAI and industry bodies
6 more statements
Electromagnetic Field (EMF) radiation compliance and norms
Changing EMF norms affect network site operations and field team safety protocols; non-compliance carries penalties affecting cost structure
Quality of Service (QoS) regulations
TRAI QoS standards govern network performance requirements; non-compliance attracts penalties; affects capex allocation and operational costs
Digital Personal Data Protection Act and Rules compliance
Governs customer data handling, privacy and security; affects digital platform architecture and compliance costs; non-compliance carries regulatory penalties
Telecom Cyber Security Rules
Mandates network security standards and incident reporting; affects capex for security infrastructure and operational compliance costs
Critical Telecommunication Infrastructure Rules
Governs designation and protection of critical telecom infrastructure; affects network redundancy investment and business continuity requirements
Tax and regulatory demand assessments (DoT, municipal, entry tax)
Multiple tax levies including entry tax (industry-wide phenomenon), municipal taxes, stamp duty and entertainment tax on subscriptions create contingent liabilities; recovery through customer agreements per MSA terms
Sensitivities
6 verified
Foreign exchange rates on Africa operations and borrowings
Group borrows in USD and other currencies; Africa operations (413,798 million revenue in FY2025) exposed to currency depreciation reducing consolidated revenue and increasing debt servicing costs
Interest rate movements on floating-rate debt
100 bps increase in INR rates reduces profit before tax by 797 million (consolidated); 25 bps increase in USD rates reduces profit by 394 million; affects debt servicing and cost of capital
Monsoon and agricultural sector performance affecting rural consumption
Above-normal monsoon supported agricultural sector recovery and improved rural incomes in FY2025; rural telecom penetration growth dependent on agricultural prosperity and disposable incomes
3 more statements
Global economic growth and trade policy uncertainty
US growth projected at 1.8% vs 2.8% in 2024 due to trade tensions; India relatively better placed at 6.2% growth; geopolitical tensions and protectionist measures affect currency volatility for African operations
Inflation and monetary policy stance
Average inflation trended downward in FY2025 enabling RBI to adopt accommodative stance; lower inflation supports consumer consumption; rising inflation would lead to less accommodative policy reducing demand
Commodity and fuel price volatility
Power and fuel costs were 155,259 million in FY2025 vs 126,369 million in FY2024; 23% increase driven by commodity prices; rising fuel costs directly impact network operating expenses and EBITDA
Cost inputs
7 verified
Passive infrastructure charges (tower sites)
Paid to Indus Towers Limited and other passive infrastructure operators for cell site access; 51,903 million in FY2025 vs 59,109 million in FY2024; includes short-term and low value lease payments
Power and fuel for network operations
Essential input for running network infrastructure including data centers and switching centres; 155,259 million in FY2025 vs 126,369 million in FY2024; subject to commodity price volatility
Repair and maintenance of network infrastructure
Cost for maintaining telecom equipment, towers and systems; 70,275 million in FY2025 vs 61,741 million in FY2024; critical for network reliability and QoS compliance
4 more statements
Internet, bandwidth and leased line charges
Cost for internet backbone, bandwidth provisioning and leased line connectivity; 21,029 million in FY2025 vs 18,202 million in FY2024; supports data services and interconnection
Supplier base for equipment and services
3,027 active suppliers; 400+ supplier assessments conducted covering 88% of procurement value; 816,091 million paid to suppliers in FY2025; supplier diversification and ESG compliance managed through procurement policy
Managed services and installation costs
Includes charges towards managed services, installation, insurance and security captured in network operating expense 'Others' line item (36,577 million in FY2025)
Spectrum and licensing fees (regulatory payments)
Spectrum acquired through TRAI auctions; license fees and regulatory compliance costs; subject to escalating spectrum prices and regulatory changes
Geographies
2 verified
Africa operations
Second-largest telecom operator in Africa; operates in 14 African countries through group subsidiaries and associates; 413,798 million revenue in FY2025; non-current assets 786,777 million; subject to political instability and currency risks
Bangladesh and Sri Lanka operations
Presence through associate entities; separate revenue tracking under 'Others' category (51,929 million in FY2025)
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.
What changed recently?
Q1 FY2027 results filed (4 Aug 2026).
Change log
8 entries · newest first
- Results filedQ1 FY2027 results filed.
- Corporate actionDividend - Rs 24 Per Share.
- Results filedQ4 FY2026 results filed.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Results filedQ1 FY2026 results filed.
- Corporate actionDividend - Rs 16 Per Share.
- Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsWATCH on 28 of 30 flags judged; 1 red; 2 could not be judged.
- Data gapsPEG (vendor), Business quality, EPS 5 years: not available yet.
What this page rests on
✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓244 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 64 verified
Questions people ask
What is Bharti Airtel's share price today?
Bharti Airtel last traded at ₹1,778.70 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 1.5% on the day, down 7.7% over a year. Its 52-week range is ₹1,726 to ₹2,174. The live price is in the app.
What is Bharti Airtel's market cap?
Bharti Airtel's market capitalisation is about ₹11.27 lakh crore: what it would cost to buy every share at today's price. That makes it the 2nd largest large cap company we cover.
Is Bharti Airtel Ltd a large cap, mid cap or small cap?
Bharti Airtel Ltd (BHARTIARTL) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is Bharti Airtel Ltd's P/E ratio?
36.79, vs peers 25.3 · 17th of 19. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is Bharti Airtel Ltd overvalued?
Dear, with low confidence: no valuation within 120 days; P/E 36.8 vs peers 25.3 (17th of 19); P/B 6.8 vs peers 5.7 (14th of 19).
How does Bharti Airtel Ltd make money?
Bharti Airtel Limited is India's largest integrated communications solutions provider and second-largest mobile operator in Africa, operating in 15 countries. It earns revenue from mobile services (voice, data, SMS), digital TV, home broadband, enterprise solutions and digital platforms, serving 424.5 million customers primarily through subscription and usage-based pricing.
Who are Bharti Airtel Ltd's peers?
Compared with 18 listed companies: Reliance Industries Ltd, Tata Consultancy Services Ltd, Larsen & Toubro Ltd, Hindustan Unilever Ltd, Sun Pharmaceutical Industries Ltd and 13 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did Bharti Airtel do last quarter?
Bharti Airtel reported revenue of ₹58,539 Cr, up 22.0% on a year earlier and a net profit of ₹10,012 Cr, down 9.8% in the Jun 2026 quarter.
Who owns Bharti Airtel?
Bharti Airtel is held by promoters 50.1%, foreign institutions 26.5%, domestic institutions 20.8%.
Does Bharti Airtel pay a dividend?
Yes. Bharti Airtel's dividend yield is 1.35% at the latest price; the last payout was ₹24.00 a share, ex-dividend 24 Jul 2026.
What do analysts say about Bharti Airtel?
32 analysts cover Bharti Airtel, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.