BHARTIARTL · NSE
Bharti Airtel Limited
₹1,893.3
+3.12% (+₹57.3)
Prev. close
₹1,836
Volume
1,41,89,780
Delivery %
88.0%
As of
18 Sept 2026
Price history
Nuvama Analysis · Nuvama Alternative & Quantitative Research · 29 Jun 2026
“Bharti Airtel is expected to experience the largest cumulative outflows of $88 million due to the NSE's quarterly index rebalancing, effective today. Other significant outflows are anticipated in Eicher Motors and Asian Paints, each seeing $69 million, as free-float weights are adjusted across various strategic indices.”
Published mid-session at 12:34 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
6 analyst stances · last 90 days · one per analyst
Trackable
3 · 2 bull / 0 neutral / 1 bear
Long-Horizon
none in window
Commentary
3 · 1 bull / 1 neutral / 1 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Assigns an overweight rating to Bharti Airtel with a 28% upside potential to ₹2,530. Bharti Airtel leads in ARPU, with m…” | Axis Securities AnalysisAxis Securities | Bharti Airtel | PENDING | ||||
| “Bullish on Bharti Airtel with a price target of ₹2,530, suggesting a 31% upside. The company's position as India's secon…” | Axis Securities AnalysisAxis Securities | Bharti Airtel | NOT GRADED | ||||
| “Bullish on Bharti Airtel for the coming months, recommending a buy in the ₹1,910-₹1,942 range with a target of ₹2,125 an…” | Pabitro MukherjeeBajaj Broking | Bharti Airtel | NOT GRADED | ||||
| “Bullish on Bharti Airtel with a target price of ₹2,270, implying a 21% upside. Consolidated revenue is expected to grow …” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Bharti Airtel | NOT GRADED | ||||
| “Bharti Airtel is expected to experience the largest cumulative outflows of $88 million due to the NSE's quarterly index …” | Nuvama AnalysisNuvama Alternative & Quantitative Research | Bharti Airtel | MISS | ||||
“Bharti Airtel is expected to experience the largest cumulative outflows of $88 million due to the NSE's quarterly index rebalancing, effective today. Other significant outflows are anticipated in Eicher Motors and Asian Paints, each seeing $69 million, as free-float weights are adjusted across various strategic indices.” How it resolved: Bharti Airtel's price increased by 5.66% over 30 days, contradicting the bearish outlook. (01 Aug 2026) | |||||||
Market commentary · 5 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Motilal Oswal lowered Bharti Airtel's FY27 EPS estimate by 3.9% to ₹57.8 from ₹60.1, and the FY28 estimate by 2.7% to ₹8…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Bharti Airtel | PENDING | |
| “Bullish on Bharti Airtel, considering it a steady compounder with a potential 16-17% return over three years, based on a…” | Sanjay H ParekhSohum Asset Managers | Bharti Airtel | PENDING | |
| “Bharti Airtel stock lacks significant near-term upside triggers, with even increasing its stake in Airtel Africa or assi…” | Manish JoshiIndependent | Bharti Airtel | NOT GRADED | |
| “Bullish on Bharti Airtel with an 18% upside target of ₹2,270. Consolidated revenue is forecast to grow 4% QoQ in Q1FY27,…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Bharti Airtel | PENDING | |
| “Motilal Oswal anticipates strong earnings growth in Q1FY27 for several sectors. Financials are expected to be the larges…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Bharti Airtel | PENDING |
Fundamentals
About Bharti Airtel Limited
Bharti Airtel Limited operates as a telecommunications company in India and internationally. It operates through the Mobile Services India, Mobile Services Africa, Mobile Services South Asia, Airtel Business, Passive Tower Infrastructure Services, Homes Services, Digital TV Services, and Others segments. The company provides voice and data telecom services through wireless technology including 2G/3G/4G/5G services; passive infrastructure service, including the setup, operation, and maintenance of wireless communication towers; mobile money services; home services covering voice and data communications through fixed-line network, wireless network, and broadband technology for homes; and digital TV services comprising digital broadcasting services under the DTH platform and IPTV services. It also engages in the airtel business that includes MPLS, VoIP, SIP trunking, fixed line voice solutions, communications platform as a service (CPaaS), internet of things (IoT), managed services, enterprise mobility applications, cloud, and cybersecurity, data and voice, network integration, managed services, security, and platform services. In addition, the company offers post-paid, prepaid, roaming, data services, OTT content, and various value-added services, as well as mobile TV, video calls, live-streaming videos, gaming, and high-definition (HD) and 4K content services. The company was formerly known as Bharti Tele-Ventures Limited and changed its name to Bharti Airtel Limited in April 2006. Bharti Airtel Limited was incorporated in 1995 and is headquartered in Gurugram, India.
Details
Sector
Communication Services
Industry
Telecom Services
CEO
Mr. Shashwat Sharma
Headquarters
Gurugram
Employees
28,743
Website
airtel.inExchange
View on NSE ↗Key stats
Market cap
₹11.45 L Cr
P/E ratio (TTM)
38.3
Dividend yield
1.31%
EPS (TTM)
₹47.89
Beta (1Y · daily vs NIFTY 50)
0.63
Beta (5Y · monthly vs NIFTY 50)
0.81
Shares float
333.46 Cr
EPS · quarter ended Jun 2026
₹13.37
Upcoming earnings
05 Nov 2026
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: Yahoo (no NSE corporate-actions ledger for this listing).
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹1.01 L Cr | ₹1.17 L Cr | ₹1.39 L Cr | ₹1.50 L Cr | ₹1.73 L Cr | ₹2.11 L Cr | |
| EBITDA | ₹46,014.50 Cr | ₹59,766.80 Cr | ₹67,288.00 Cr | ₹68,172.50 Cr | ₹1.02 L Cr | ₹1.19 L Cr |
| ₹-15,083.50 Cr | ₹4,254.90 Cr | ₹8,345.90 Cr | ₹7,467.00 Cr | ₹33,556.10 Cr | ₹26,695.20 Cr | |
| Diluted EPS | ₹-27.65 | ₹7.63 | ₹14.57 | ₹12.8 | ₹56.04 | ₹44.37 |
Net income for at least one year shown could not be independently verified against the company's own annual report — the two sources disagree for at least one overlapping year, so the year(s) this deck cannot verify are left blank rather than shown with an unverified number.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹3.46 L Cr | ₹3.64 L Cr | ₹4.47 L Cr | ₹4.42 L Cr | ₹5.05 L Cr | ₹5.45 L Cr | |
| ₹1.63 L Cr | ₹1.70 L Cr | ₹2.26 L Cr | ₹2.16 L Cr | ₹2.14 L Cr | ₹1.95 L Cr | |
| Stockholders' equity | ₹58,952.70 Cr | ₹66,554.30 Cr | ₹77,562.90 Cr | ₹82,019.00 Cr | ₹1.14 L Cr | ₹1.49 L Cr |
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹48,205.00 Cr | ₹55,016.60 Cr | ₹65,325.00 Cr | ₹78,898.00 Cr | ₹98,332.00 Cr | ₹1.22 L Cr | |
| Investing cash flow | ₹-26,888.40 Cr | ₹-41,869.60 Cr | ₹-39,080.20 Cr | ₹-50,203.90 Cr | ₹-60,269.80 Cr | ₹-58,534.50 Cr |
| ₹-24,910.30 Cr | ₹-15,203.20 Cr | ₹-24,470.00 Cr | ₹-27,778.00 Cr | ₹-36,533.00 Cr | ₹-52,293.00 Cr | |
| Capital expenditure | ₹-33,581.60 Cr | ₹-44,848.10 Cr | ₹-26,538.50 Cr | ₹-40,051.50 Cr | ₹-39,679.90 Cr | ₹-46,714.20 Cr |
| End cash position | ₹9,063.00 Cr | ₹7,398.70 Cr | ₹9,021.40 Cr | ₹9,052.10 Cr | ₹10,653.10 Cr | ₹24,384.70 Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 20 | Sep 21 | Oct 21–Jun 22(4Q) | Sep 22 | Dec 22 | Mar 23 | Jun 23 | Sep 23 | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26–Jun 26(2Q) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 56.23% | 55.86% | 55.93% | 55.13% | 55.12% | 55.02% | 54.97% | 54.75% | 54.57% | 53.49% | 53.17% | 53.14% | 53.11% | 52.42% | 51.25% | 50.27% | 48.87% | 48.87% | 50.07% |
| Public | 43.74% | 44.10% | 44.02% | 44.82% | 44.82% | 44.93% | 44.99% | 45.21% | 45.38% | 46.46% | 46.77% | 46.80% | 46.81% | 47.51% | 48.68% | 49.68% | 51.08% | 51.09% | 49.89% |
| Employee trusts | 0.03% | 0.05% | 0.05% | 0.04% | 0.05% | 0.05% | 0.05% | 0.04% | 0.06% | 0.05% | 0.06% | 0.07% | 0.07% | 0.07% | 0.07% | 0.05% | 0.05% | 0.04% | 0.04% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Communication Services
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Bharti Airtel Limited | ₹11.45 L Cr | ₹1,893.3 | 38.3 | 7.68 | 17.9% | 1.31 | +22.0% | -2.5% |
| Vodafone Idea Limited | ₹1.62 L Cr | ₹14.97 | 4.3 | — | — | — | +3.1% | +83.9% |
| Indus Towers Limited | ₹99,053.33 Cr | ₹381.35 | 14.0 | 2.50 | 18.0% | 0.53 | +7.9% | +7.6% |
| Info Edge (India) Limited | ₹81,938.81 Cr | ₹1,251.2 | 51.4 | 2.16 | 3.8% | 0.01 | +15.3% | -9.6% |
| Bharti Hexacom Limited | ₹73,965.00 Cr | ₹1,481.1 | 40.6 | 10.32 | 24.2% | 0.82 | +9.4% | -14.2% |
| Tata Communications Limited | ₹51,013.22 Cr | ₹1,791.6 | 52.3 | 14.80 | 29.1% | 3.55 | +7.8% | +5.8% |
| Prime Focus Limited | ₹24,955.81 Cr | ₹334.95 | 228.9 | 11.95 | 10.5% | 2.74 | +29.7% | +78.4% |
| Affle 3i Limited | ₹21,603.66 Cr | ₹1,545.6 | 45.4 | 5.92 | 12.5% | 0.00 | +19.6% | -28.0% |
| Sun TV Network Limited | ₹18,458.92 Cr | ₹451.7 | 12.1 | 1.46 | 11.4% | 0.01 | +7.8% | -19.3% |
| Nazara Technologies Limited | ₹13,947.15 Cr | ₹369.35 | 15.7 | 4.02 | 2.8% | 0.06 | +12.6% | -66.6% |
| PVR INOX Limited | ₹12,497.91 Cr | ₹1,324.7 | 44.7 | 1.69 | 4.5% | 0.92 | +16.8% | +17.5% |
| Saregama India Limited | ₹9,597.97 Cr | ₹489.25 | 43.4 | 5.67 | 12.2% | 0.04 | -18.2% | -0.9% |
Ranked by market cap within Communication Services, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 25
Concall transcripts
Show all 12
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
63 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
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