Bharti Airtel share price, P/E, ROE & financials

On 6 Nov 2026, Bharti Airtel was priced at ₹2,107.20, or 41.5× trailing earnings, against an industry P/E of 18.5×. Sales and net profit grew 15% and 47% a year over 3 years, with ROCE of 17% and ROE of 20%. Debt is 1.00× equity, and its dividend yield is 1.1%. It is a large-cap company with a market cap of ₹13.2 lakh crore, the largest of 20 Telecom Services companies by market cap; the shares fell 2.7% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹2,120.00
Day high: ₹2,120.00
Day low: ₹2,056.20
Prev. close: ₹2,056.90
Volume: 1.7 Cr

Health check

2 good · 2 fair · 2 to check

ReturnsAhead
−2.7% over a year, better than 5 of 7 peers.
Price tagPricier
P/E 41.5 vs industry 18.5.
GrowthStrong
Sales +14.9%, profit +47.3% a year over 3 years.
ProfitabilityAverage
ROCE 16.7% vs peer median 18.6%.
Balance sheetFair
Debt 1.00× equity, interest covered 3.5×, Piotroski 8 of 9.
Red flags1 to check
P/E of 41.5 against an industry P/E of 18.5.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Telecom Services

19 listed peers. Screen the industry

Large cap

₹13.2L Cr, the largest of 20 in its industry.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹2,20,049 Cr · profit ₹28,915 Cr

Market cap: ₹13.2L Cr; Large cap
P/E: 41.5; Industry 18.5
Price to book: 8.12; Peers 2.56
Dividend yield: 1.14%
ROE: 20.2%; Peers 18.8%
ROCE: 16.7%; Peers 18.6%
Debt to equity: 1.00; Debt ₹2.0L Cr
EPS (TTM): ₹50.79; Face value ₹5
OPM (TTM): 57.1%; Net margin 13.1%
Sales growth: +18.4%; Latest quarter vs a year ago
Profit growth: +35.1%; Latest quarter vs a year ago
Price to sales: 5.98; EV/EBITDA 13.0

Strengths

Return on equity of 20.2%.
Quarterly profit up 35.1% on a year ago.
Quarterly sales up 18.4% on a year ago.
Positive operating cash flow in each of the last 4 years.
Promoter stake up from 48.9% to 50.1%.

Risks to check

P/E of 41.5 against an industry P/E of 18.5.

Derived automatically from reported figures. Not a recommendation.

About Bharti Airtel

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,…

Headquarters: Gurugram
Employees: 28,743
Sector: Communication Services
ISIN: INE397D01024
Website: airtel.in

Price range

52 weeks

₹1,726.30₹2,174.50

Today

₹2,056.20₹2,120.00

Avg volume (3M): 77.2 L
1-year return: minus 2.7%
From 52-week high: minus 3.1%

Analyst consensus

34 analysts

Strong buyMean target ₹2,343.00 11.2%

Target range, with today’s price

Low ₹1,785.00High ₹2,765.00

Next results expected around 3 Feb 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Telecom Services

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
BHARTIARTLBharti Airtel	2,107.20	plus 2.45%	13,15,371	41.5	12.1	16.7%	57.1%	1.00	14.9%	minus 2.7%
IDEAVodafone Idea	12.76	minus 1.01%	1,38,246	3.7	17.1	36.9%	42.7%	–	2.1%	plus 37.0%
INDUSTOWERIndus Towers	383.10	minus 0.03%	1,01,061	14.2	6.4	18.4%	54.6%	0.56	4.6%	minus 2.4%
BHARTIHEXABharti Hexacom	1,664.40	minus 2.01%	83,220	42.3	17.3	21.1%	52.9%	0.86	12.4%	minus 9.3%
TATACOMMTata Communications	1,704.80	minus 0.52%	48,601	44.1	12.3	15.3%	19.9%	3.71	11.6%	minus 10.1%
TTMLTata Teleservices (Maharashtra)	39.77	plus 12.57%	7,775	26.0	43.1	–	55.0%	–	1.5%	minus 36.3%
RAILTELRailtel Corporation Of India	241.05	minus 0.16%	7,736	22.8	11.0	18.7%	14.6%	0.03	29.8%	minus 33.7%
ROUTEROUTE MOBILE	451.50	minus 1.66%	2,845	8.1	3.0	12.5%	7.7%	0.01	7.3%	minus 35.5%
Median of 7 peers	–	−0.52%	48,601	22.8	12.3	18.6%	42.7%	0.56	7.3%	−10.1%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
49,463	53,982	55,383	58,539	60,878
21,624	23,199	23,892	25,236	25,932
27,839	30,783	31,492	33,303	34,946
56.3%	57.0%	56.9%	56.9%	57.4%
592	819	963	1,015	987
5,461	5,623	5,606	5,956	5,707
12,465	13,420	13,644	14,235	14,617
–	−257	−3,161	−353	−180
10,504	12,301	10,045	13,773	15,428
29.3%	30.9%	7.9%	27.3%	30.6%
5,948	6,631	7,325	8,167	8,888
9.90	11.02	12.15	13.37	14.24

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +14.9%
Profit CAGR 3Y: +47.3%
EPS CAGR 3Y: +44.9%
ROE: 20.2%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,39,145	1,49,982	1,72,985	2,10,973
–	+7.8%	+15.3%	+22.0%
67,514	73,213	79,078	90,435
71,630	76,769	93,907	1,20,538
51.5%	51.2%	54.3%	57.1%
−3,479	156	495	−1,875
14,296	15,956	17,614	17,843
36,432	39,538	45,570	52,711
−864	−8,753	7,181	−2,937
16,561	12,679	38,399	45,173
25.8%	32.5%	2.4%	25.1%
8,346	7,467	33,556	26,695
–	minus 10.5%	+349.4%	minus 20.4%
14.57	12.80	56.04	44.37

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2,837	2,877	2,900	3,047
74,726	79,142	1,10,772	1,46,010
2,26,020	2,15,592	2,13,642	1,95,412
1,43,050	1,46,920	1,87,046	2,07,683
4,46,633	4,44,531	5,14,360	5,52,152
1,61,486	1,72,182	2,15,155	2,38,459
11,615	9,634	11,641	14,069
1,486	1,482	1,750	2,085
32,361	32,270	32,455	50,198
2,39,684	2,28,963	2,53,360	2,47,341
4,46,633	4,44,531	5,14,360	5,52,152

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
65,325	78,898	98,332	1,22,230
−39,080	−50,204	−60,270	−58,535
−24,470	−27,779	−36,533	−52,293
1,775	916	1,529	11,403
−26,539	−40,052	−39,680	−46,714
38,786	38,847	58,652	75,515
−3,590	−4,185	−6,935	−11,328

Shareholding pattern

Source: NSE filings

50.1%

promoters

Promoters50.07%
Public49.90%
Employee trusts0.03%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	50.07%	49.90%	0.00
30 Jun 2026	50.07%	49.89%	0.00
23 Jun 2026	50.07%	49.89%	plus 1.20
31 Mar 2026	48.87%	51.09%	0.00
31 Dec 2025	48.87%	51.08%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you