B

Bharti Airtel Limited

BHARTIARTLNSE
Market snapshot · 2026-08-11 03:59 UTC

1,922.80

₹-20.20 (-1.04%)

MARKET CAP

₹12.00L Cr

STOCK P/E

40.6x

52W HIGH

₹2,174.50

52W LOW

₹1,740.50

BOOK VALUE

₹259.48

EPS

₹47.41

ROE

20.15%

SECTOR

Communication Services

DEBT/EQUITY

100.42

VOLUME

3.86L

P/B RATIO

7.41x

PEG RATIO

1.16

Sector

Communication Services

Themes

Telecom Services
D
Dividend
E
Earnings
₹2,135.82₹2,043.73₹1,951.64₹1,859.55₹1,767.46VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for BHARTIARTL.

33.00 analysts

Price Forecast

Current
₹1,923
High Target
₹2,750
▲ +43.0%
Median Target
₹2,330
▲ +21.2%
Low Target
₹1,800
▼ -6.4%
Now₹1,923High ₹2,750Median ₹2,330Low ₹1,800Aug '25Now12M Target
Price history (1Y)
Analyst target range
33 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,751 - ₹2,23880%
6M₹1,714 - ₹2,42480%
12M₹1,691 - ₹2,76080%
Realized vol: +19.1% · Drift: +13.5%

Revenue Forecast

₹ Cr
Jun '26Current₹32,357.0
Sep 2026 ETrend estimate range
High₹35,590.7Base₹32,954.4Low₹30,318.0
Sep '25: ₹30,092.0 · Dec '25: ₹30,855.0 · Mar '26: ₹31,296.0 · Jun '26: ₹32,357.0 · Sep '26: ₹32,954.4 · Dec '26: ₹33,790.0
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E30,092.030,855.031,296.032,357.032,954.433,790.0
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹8.70
Sep 2026 ETrend estimate range
High₹6.25Base₹5.58Low₹4.91
Sep '25: ₹7.97 · Dec '25: ₹7.17 · Mar '26: ₹2.21 · Jun '26: ₹8.70 · Sep '26: ₹5.58 · Dec '26: ₹5.02
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E7.977.172.218.705.585.02
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
66%
Analyst Consensus
Positive

From 33 analysts

Mean upside+20.7%

Fundamentals

Strong

Fundamentals institutional score is 90 using EVA spread proxy 8.1%; growth durability 87.9.

Valuation

Premium valuation

Valuation institutional score is 35 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 71 using mean target upside 20.7%; dispersion penalty 16.4; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 72 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 12 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and analyst consensus provide support, while valuation and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Premium valuationAnalyst Consensus PositiveTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price2,321.1 target
Mean Upside+20.7%
Technical Score72%
Fundamental Score90%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 16.6% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +0.95). Confidence: 77%.

Live forward EPS implies next-12-month EPS of ₹82.35. Applying the stock's normalized valuation corridor produces a fair range of ₹2,252.27 to ₹3,252.82, with base value near ₹2,865.78 (+49.0% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹82.35

Forward P/E

23.4x

Base Fair Value

₹2,865.78

Fair Range

₹2,252.27 - ₹3,252.82

Upside To Base

+49.0%

Estimate Source

Live forward EPS

Growth Estimate

+35.1%

P/E
Strongly Overvalued

5Y Average

26.57

Current

40.56

Overvalued

39.50

Undervalued

27.35

P/S
Strongly Overvalued

5Y Average

3.57

Current

5.45

Overvalued

5.13

Undervalued

2.18

EV/EBITDA
Strongly Overvalued

5Y Average

7.96

Current

12.15

Overvalued

11.43

Undervalued

4.85

Peers & Comparison

Sector: Communication Services · Theme: Telecom Services

Telecom Services Peers8 peers
Avg P/E: 76.1x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
TATA COMMUNICATIONS LTD
TATACOMMTelecom Services
+10.5%3.7%
52.9x
Undervalued
-30% vs avg
+6.9%
VODAFONE IDEA LIMITED
IDEATelecom Services
+3.2%77.1%
4.0x
Undervalued
-95% vs avg
+99.7%
BHARTI HEXACOM LIMITED
BHARTIHEXATelecom Services
+10.9%19.0%
42.2x
Undervalued
-45% vs avg
-13.9%
CRYSTAL BUSINESS SYSTEM LTD
CRYSTAL BUSINESS SYSTEM LTDTelecom Services
RELIANCE COMMUNICATIONS LTD
RELIANCE COMMUNICATIONS LTDTelecom Services
TATA TELESERV(MAHARASTRA)
TTMLTelecom Services
+6.1%3.2%
205.4x
Premium
+170% vs avg
-33.4%
MAHANAGAR TELEPHONE NIGAM
MTNLTelecom Services
+87.9%0.0%
-36.4%
UNIINFO TELECOM SERVI LTD
UNIINFOTelecom Services
+63.7%-2.7%
-40.3%
WHY THESE PEERS

Comparable-scale peer data is limited — showing nearest stored business/industry peers instead of an empty comparison.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹32.36K CrJun 2026

Latest net profit

₹5.43K CrJun 2026

Latest EPS

₹8.70Jun 2026

Net margin

59.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%15.0%30.0%45.0%60.0%0.00 Cr8.50K Cr17.00K Cr25.50K Cr34.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr8.50K Cr17.00K Cr25.50K Cr34.00K Cr₹0₹3₹6₹9₹12
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr8.50K Cr17.00K Cr25.50K Cr34.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr1.00L Cr2.00L Cr3.00L Cr4.00L Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +22,65123,25823,86624,34524,91726,98428,43428,60829,24930,09230,85531,29632,357
Expenses +10,51510,78610,94211,36011,49112,03212,39512,26712,40412,61712,95713,25113,420
Operating Profit12,13512,47112,92412,98613,42614,95316,03916,34116,84517,47617,89818,04618,937
OPM %54%54%54%53%54%55%56%57%58%58%58%58%59%
Other Income +185-759895991,1724083,0462303321,079269-2,349561
Interest3,4523,7413,5503,6623,6683,8724,0313,6693,8353,8543,8154,0753,690
Depreciation6,9317,1137,4587,6077,9288,1378,2308,2168,2798,6238,8598,8109,065
Profit before tax1,9378582,0062,3153,0023,3526,8244,6865,0636,0785,4932,8126,743
Tax %25%66%29%21%18%25%-35%-99%26%25%26%52%20%
Net Profit +1,4572931,4141,8242,4692,5189,1979,3183,7644,5454,0911,3445,428
EPS in Rs2.610.522.513.234.344.4216.1516.346.607.977.172.218.70
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +51.26%50.27%48.87%48.87%50.07%
FIIs +26.72%27.42%28.75%27.79%26.48%
DIIs +19.09%19.40%19.54%20.53%20.64%
Government +0.12%0.12%0.12%0.12%0.12%
Public +2.74%2.72%2.65%2.63%2.64%
Others0.07%0.07%0.07%0.06%0.05%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Aug 10, 2026PDFCompany Reports Open

Disclosure Under Regulation 30 Of SEBI (LODR), Regulations, 2015

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Acquisition

Aug 06, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Aug 05, 2026PDFCompany Reports Open