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Bharti Airtel Limited (BHARTIARTL) AI Stock Analysis

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IN:BHARTIARTL

Bharti Airtel Limited

(NSE:BHARTIARTL)

Select Model
Rating:70Outperform
Price Target:INR 2,306.00▲(10.23% Upside)
Action:upgraded
Date:11/07/26

The score is driven primarily by improving financial performance with strong TTM profitability and large absolute cash generation, though leverage and slightly negative recent free-cash-flow growth are notable constraints. Technicals are supportive with a strong uptrend across moving averages, but overbought indicators increase near-term pullback risk. Valuation is the main drag due to a high P/E and only modest dividend yield.

Positive Factors
Revenue GrowthThe reported revenue growth rate indicates expanding demand for Airtel’s connectivity and digital services. Continued top-line growth can strengthen operating scale, support network investment, and improve the company’s ability to absorb competitive pressure over the next several quarters.
Negative Factors
Elevated LeverageAlthough leverage has improved substantially from earlier fiscal years, debt-to-equity remains elevated. This can reduce financial flexibility, increase sensitivity to funding costs, and constrain the capital available for network investment or strategic initiatives if cash flows weaken.

Bharti Airtel Limited (BHARTIARTL) vs. iShares MSCI India ETF (INDA)

-20%-15%-10%-5%0%5%IN:BHARTIARTL+0.29%INDA-5.62%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
INR 13.06T
Dividend Yield
1.15%
Average Volume (3M)
624.86K
Price to Earnings (P/E)
41.1
Beta (1Y)
0.86
Revenue Growth
17.56%
EPS Growth
-20.64%
Country
India
Employees
28,730
Sector
General
Sector Strength
55
Industry
Telecommunications Services

Bharti Airtel Limited Business Overview & Revenue Model

Company Description

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, Ho...

How the Company Makes Money

Bharti Airtel primarily makes money by selling connectivity and communication services to consumers, homes, and businesses. The largest revenue stream is typically mobile services, where it earns recurring revenue from customer tariffs for voice call...

Bharti Airtel Limited Financial Statement Overview

Summary

Operating performance and margins are strong in TTM (gross margin ~58%, EBITDA margin ~57%) with improved profitability versus earlier years, supported by robust operating cash flow (~1.20T) and free cash flow (~0.64T). However, balance sheet leverage remains a key constraint (debt-to-equity ~1.26x) and TTM free cash flow growth is slightly negative (~-2.6%), which tempers the overall financial strength despite clear multi-year improvement.

Income Statement

78Positive

Balance Sheet

62Positive

Cash Flow

70Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue2.29T2.11T1.73T1.50T1.39T1.17T
Gross Profit1.33T900.16B631.68B503.54B452.71B323.83B
EBITDA1.30T1.19T1.01T684.65B690.91B589.51B
Net Income310.11B266.95B335.56B74.67B83.46B42.55B
Balance Sheet
Total Assets5.68T5.52T5.16T4.48T4.47T3.64T
Cash, Cash Equivalents and Short-Term Investments744.86B440.77B183.73B172.79B181.23B143.56B
Total Debt1.99T1.95T2.14T2.16T2.26T1.70T
Total Liabilities3.69T3.56T3.63T3.42T3.40T2.72T
Stockholders Equity1.58T1.49T1.14T820.19B775.63B665.54B
Cash Flow
Free Cash Flow639.86B627.57B434.10B273.55B343.29B157.22B
Operating Cash Flow1.20T1.08T813.17B655.46B603.85B422.63B
Investing Cash Flow-752.86B-610.30B-730.84B-506.95B-408.94B-395.36B
Financing Cash Flow-405.05B-354.99B-67.05B-139.35B-177.16B-47.83B

Bharti Airtel Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price2092.00

Price Trends

50DMA1879.33Positive
100DMA1895.30Positive
200DMA1875.95Positive

Market Momentum

MACD66.42Negative
RSI69.08Neutral
STOCH82.36Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARTIARTL, the sentiment is Positive. The current price of 2092.00 is above the 20-day moving average (MA) of 1972.04, above the 50-day MA of 1879.33, and above the 200-day MA of 1875.95, indicating a bullish trend. The MACD of 66.42 indicates Negative momentum. The RSI at 69.08 is Neutral, neither overbought nor oversold. The STOCH value of 82.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BHARTIARTL.

Bharti Airtel Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:BHARTIARTL against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:BHARTIHEXAIN:BHARTIHEXA70OutperformINR 811.33B40.47―1.13%8.17%27.68%
IN:BHARTIARTLIN:BHARTIARTL70OutperformINR 13.14T41.06―1.15%17.56%-20.64%
IN:TATACOMMIN:TATACOMM60NeutralINR 498.06B45.01―1.00%9.08%-20.04%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:IDEAIN:IDEA55NeutralINR 1.39T4.52――4.24%―
IN:TTMLIN:TTML50NeutralINR 77.36B25.43――-0.85%―
IN:MTNLIN:MTNL46NeutralINR 16.75B-0.56――68.07%14.04%

* General Sector Average

Performance Comparison

-40%-20%0%20%40%IN:BHARTIARTLIN:BHARTIHEXAIN:IDEAIN:MTNLIN:TATACOMMIN:TTMLDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
IN:BHARTIARTL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:BHARTIARTLBharti Airtel Limited2092.0019.380.94%
IN:BHARTIHEXABharti Hexacom Limited1594.00-163.91-9.32%
IN:IDEAVodafone Idea Ltd12.982.0418.65%
IN:MTNLMahanagar Telephone Nigam Limited26.57-14.56-35.40%
IN:TATACOMMTata Communications Limited1744.30-113.00-6.08%
IN:TTMLTata Teleservices (Maharashtra) Limited38.91-15.10-27.96%

Bharti Airtel Limited Corporate Events

Bharti Airtel Seeks Approval for 2026 Employee Stock Option Scheme

Nov 4, 2026

Bharti Airtel is an Indian telecommunications company offering mobile, broadband, digital television and enterprise connectivity services, with a broad consumer and business presence. Its operations span India and international markets, positioning i...

Bharti Airtel contests TRAI penalty over customer preference compliance

Oct 30, 2026

Bharti Airtel has disclosed that the Telecom Regulatory Authority of India has ordered the company to pay a financial disincentive of INR 5,406,000 for alleged non-compliance with the Telecom Commercial Communications Customer Preference Regulations...

Airtel Business Unveils IQ Gateway to Secure and Unify Enterprise Messaging

Oct 5, 2026

Airtel Business has launched Airtel IQ Gateway, billed as India’s first telco-grade network intelligence platform that unifies SMS, WhatsApp, RCS, business voice and number verification on a single, DPDP-compliant control plane. The platform aims to...

Bharti Airtel contests DoT penalty over subscriber verification norms

Oct 1, 2026

Bharti Airtel has disclosed that it received a notice from the Department of Telecommunications’ Assam Licensed Service Area imposing a penalty of Rs. 7,36,000 for alleged violations of subscriber verification norms identified during a customer appli...

Bharti Airtel to Pay DoT Penalty Over Subscriber Verification Lapses

Sep 10, 2026

Bharti Airtel Limited has disclosed that it received a notice from the Department of Telecommunications’ Andhra Pradesh licensing service area imposing a penalty of Rs. 6,75,000. The penalty stems from alleged violations of subscriber verification no...

Bharti Airtel Converts Partly Paid Shares to Fully Paid Equity

Aug 18, 2026

Bharti Airtel Limited, a major Indian telecommunications provider offering mobile, broadband and enterprise services, operates under Bharti Enterprises with headquarters in Gurugram and New Delhi and is listed on NSE and BSE. Its equity shares trade...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 07, 2026