Bharti Airtel vs Indus Towers: share price, P/E, ROE and financials compared
Bharti Airtel
Indus Towers
Bharti Airtel and Indus Towers at a glance
Bharti Airtel and Indus Towers are both listed in Telecommunication. Bharti Airtel is the larger by market cap, at ₹13.2L Cr against ₹1.0L Cr for Indus Towers (13.0 times as large). On valuation, Indus Towers has the lower P/E (14.2× against 41.5×) and the lower price-to-book (2.56× against 8.32×). On returns and margins, Bharti Airtel has the higher ROE (20.2% against 18.8%) and the higher operating margin (56.8% against 54.6%), while Indus Towers has the higher ROCE (18.4% against 16.7%). Over three years, Bharti Airtel has faster 3-year sales growth (+14.9% against +4.6% a year), while Indus Towers has faster 3-year profit growth (+51.8% against +47.3% a year). Indus Towers carries less debt for its equity, with a debt-to-equity of 0.56× against 1.00×.
Key metrics, side by side
| Metric | Bharti AirtelBHARTIARTL | Indus TowersINDUSTOWER |
|---|---|---|
| Price (₹) | 2,107.20 | 383.10 |
| Market cap (₹ Cr) | 13,15,371 | 1,01,061 |
| P/E | 41.5× | 14.2× (the lower figure, shaded) |
| P/B | 8.32× | 2.56× (the lower figure, shaded) |
| Dividend yield, trailing | 1.14% | 3.65% (the higher figure, shaded) |
| ROE | 20.2% (the higher figure, shaded) | 18.8% |
| ROCE | 16.7% | 18.4% (the higher figure, shaded) |
| Operating margin (OPM) | 56.8% (the higher figure, shaded) | 54.6% |
| Net margin (NPM) | 13.1% | 21.4% (the higher figure, shaded) |
| Sales CAGR 3Y | +14.9% (the higher figure, shaded) | +4.6% |
| Profit CAGR 3Y | +47.3% | +51.8% (the higher figure, shaded) |
| Debt to equity | 1.00× | 0.56× (the lower figure, shaded) |
| Interest cover | 3.5× | 6.2× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | – | 7,107 |
| 1Y return | −2.7% | −2.4% |
| Promoter holding | 50.07% | 51.26% |
Bharti Airtel vs Indus Towers: common questions
Which is bigger, Bharti Airtel or Indus Towers?
By market cap, Bharti Airtel is bigger at ₹13.2L Cr, against ₹1.0L Cr for Indus Towers (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Bharti Airtel or Indus Towers?
Bharti Airtel trades at a P/E of 41.5× and Indus Towers at 14.2×. Indus Towers has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Bharti Airtel or Indus Towers?
Bharti Airtel reports a return on equity of 20.2% and Indus Towers 18.8%. Bharti Airtel has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Bharti Airtel or Indus Towers?
Over the last three years: Sales grew +14.9% a year at Bharti Airtel and +4.6% at Indus Towers, so Bharti Airtel grew sales faster; profit grew +47.3% a year at Bharti Airtel and +51.8% at Indus Towers, so Indus Towers grew profit faster. Past growth doesn’t predict future growth.