Bharti Airtel Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – Bharti Airtel Ltd is a telecommunications service provider. The two main business activities of the company comprise provision of integrated communication services and mobile services. Its product portfolio comprises 4G/5G mobile broadband with high speeds, Airtel Xstream Fiber, digital payments, and financial services. Airtel caters to individual consumers as well as enterprise customers, focusing on offerings like safe connectivity, cloud and data center services, security and protection, IoT, and cloud-based communication. It owns and operates the Group’s businesses in the US, Europe, Africa, the Middle East, Asia-Pacific, India, and SAARC countries. Bharti Airtel has its headquarters in New Delhi, India.
Bharti Airtel Overview
Contents
Bharti Airtel Ltd operates as one of the world’s largest telecommunication services providers, which is located in 18 countries that represent India, Sri Lanka, and 14 countries across Africa.
Company Name | Bharti Airtel Ltd |
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Listed at | NSE & BSE |
Head Office | Bharti Crescent 1 Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi – 110 070 |
Board Of Directors |
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Official Website | airtel.in |
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Bharti Airtel Business Profile
It has B2C Services Mobile Services (India), Homes Services, and Digital TV Services. It has B2B Services Airtel Business and South Asia. Its Mobile Services (India) section includes postpaid, pre-paid, roaming, Internet, and others. Homes Services sector is the one which offers the homes with landline telephone and broadband services in nearly 1,290 cities.
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Stake in Indus Towers
The Company increased its shareholding to approximately 48% in Indus Towers, considering the conducive industry dynamics that have stabilised as well as the potential opportunities which relate to future 5G rollouts on the tower’s front.
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Mergers & Acquisitions
The firm has bought a more stake in Indus Towers from Vodafone Plc for an estimated price of Rs. 188 per share. It has also purchased an extra 2.9% ownership share in Vahan Inc., through its Start Up Accelerator Programme. In addition, company announced a fresh investment in Aqilliz a blockchain resource as a service company. In addition, it purchased a strategic minority interest of approximately 25% in an SD-WAN company called Lavelle Networks.
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Capex
The capital expenditures were about 26% in both FY 23 and FY 24 without major upcoming capex since mass 5G networks are already built. The spectrum capex is also anticipated to go down as most of the spectrum buys were done in FY 23 when BAL shelled out ₹43,084 cr for the 5G rollout across India. In the auction conducted in June 2024, BAL acquired spectrum costing ₹6,857 crore, predominantly for renewing existing licenses. There could be some spending on spectrum in Africa as well.
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Investment
Under its Google for India Digitization Fund, Google shall invest up to $1 Billion in collaboration with Airtel. The agreement encompasses an investment of $700 Million to purchase 1.28% stake in Airtel and possible commercial contracts for up to $300 Million for the next few years.
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Bharti Airtel Fundamentals & Quarterly Results
Market Cap | ₹ 10,38,913 Cr. |
Current Price | ₹ 1,734 |
High / Low | ₹ 1,779 / 895 |
Stock P/E | 87.0 |
Book Value | ₹ 145 |
Dividend Yield | 0.46 % |
ROCE | 13.1 % |
ROE | 14.9 % |
Face Value | ₹ 5.00 |
Debt to Equity | 2.63 |
Debt Capacity | 0.00 |
Debt (preceding year) | ₹ 2,26,020 Cr. |
Debt (current) | ₹ 2,15,592 Cr. |
Reserves | ₹ 79,142 Cr. |
EPS | ₹ 17.7 |
EPS (last year) | ₹ 13.2 |
Pledged Percentage | 0.00 % |
FCF (Previous Annual) | ₹ 38,875 Cr. |
EV/EBITDA | 14.9 |
Industry P/E | 59.6 |
PEG Ratio | 0.71 |
Piotroski Score | 5.00 |
Earnings Yield | 3.43 % |
Sales Growth (5 Years) | 13.2 % |
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Bharti Airtel Quarterly Results
Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
---|---|---|---|---|---|---|---|---|---|
Sales (₹ Cr.) | 32,805 | 34,527 | 35,804 | 36,009 | 37,440 | 37,044 | 37,900 | 37,599 | 38,506 |
Expenses (₹ Cr.) | 16,275 | 16,933 | 17,720 | 17,312 | 17,842 | 17,530 | 18,085 | 18,234 | 18,799 |
Operating Profit | 16,529 | 17,594 | 18,085 | 18,697 | 19,598 | 19,514 | 19,815 | 19,365 | 19,708 |
OPM % | 50% | 51% | 51% | 52% | 52% | 53% | 52% | 52% | 51% |
Other Income (₹ Cr.) | 355 | 559 | -412 | 886 | -2,478 | -654 | 1,013 | -1,308 | 2,010 |
Interest (₹ Cr.) | 4,511 | 4,940 | 4,686 | 5,163 | 5,614 | 5,186 | 6,645 | 5,203 | 5,152 |
Depreciation (₹ Cr.) | 8,781 | 8,947 | 9,298 | 9,406 | 9,654 | 9,734 | 10,074 | 10,075 | 10,540 |
Profit before tax | 3,592 | 4,265 | 3,689 | 5,014 | 1,853 | 3,940 | 4,108 | 2,778 | 6,025 |
Tax % | 31% | 30% | 29% | 16% | 18% | 47% | 30% | 26% | 22% |
Net Profit (₹ Cr.) | 2,469 | 2,979 | 2,614 | 4,226 | 1,520 | 2,093 | 2,876 | 2,068 | 4,718 |
EPS (₹) | 2.73 | 3.86 | 2.85 | 5.39 | 2.89 | 2.39 | 4.34 | 3.66 | 7.31 |
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CAGR Report
Metric | 10 Years | 5 Years | 3 Years | TTM/Last Year |
---|---|---|---|---|
Compounded Sales Growth | 6% | 13% | 14% | 5% |
Compounded Profit Growth | 16% | 122% | -2% | 8% |
Stock Price CAGR | 17% | 36% | 37% | 82% |
Return on Equity (ROE) | 9% | 12% | 11% | 15% |
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 | |
---|---|---|---|---|---|---|---|---|
Promoters | 67.14% | 67.14% | 58.98% | 55.86% | 55.93% | 55.02% | 53.48% | 53.17% |
FIIs | 18.45% | 17.61% | 20.29% | 18.57% | 19.36% | 20.97% | 24.35% | 24.62% |
DIIs | 12.38% | 13.25% | 15.83% | 20.35% | 19.50% | 19.78% | 19.20% | 19.13% |
Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.12% | 0.12% |
Public | 1.99% | 2.00% | 4.87% | 5.16% | 5.16% | 4.05% | 2.80% | 2.89% |
Others | 0.04% | 0.00% | 0.04% | 0.06% | 0.05% | 0.05% | 0.05% | 0.06% |
No. of Shareholders | 1,93,663 | 1,86,238 | 2,30,528 | 7,13,866 | 7,67,578 | 7,58,715 | 6,94,297 | 7,62,266 |
Year | Initial Target | Mid-Year Target | Year-End Target |
---|---|---|---|
2024 | ₹1747.5 | ₹2114.37 | ₹2334.5 |
2025 | ₹2381 | ₹2238 | ₹2671 |
2026 | ₹2724 | ₹2561 | ₹3058 |
2027 | ₹3119 | ₹2932 | ₹3500 |
2028 | ₹3570 | ₹3354 | ₹4004 |
2029 | ₹4084 | ₹3839 | ₹4583 |
2030 | ₹4675 | ₹4394 | ₹5246 |
Month | Target |
January | ₹2381 |
February | ₹2429 |
March | ₹2478 |
April | ₹2395 |
May | ₹2315 |
June | ₹2238 |
July | ₹2328 |
August | ₹2421 |
September | ₹2518 |
October | ₹2568 |
November | ₹2619 |
December | ₹2671 |
Month | Target |
January | ₹2724 |
February | ₹2778 |
March | ₹2834 |
April | ₹2740 |
May | ₹2649 |
June | ₹2561 |
July | ₹2663 |
August | ₹2770 |
September | ₹2881 |
October | ₹2939 |
November | ₹2998 |
December | ₹3058 |
Month | Target |
January | ₹3119 |
February | ₹3181 |
March | ₹3245 |
April | ₹3137 |
May | ₹3033 |
June | ₹2932 |
July | ₹3049 |
August | ₹3171 |
September | ₹3298 |
October | ₹3364 |
November | ₹3431 |
December | ₹3500 |
Month | Target |
January | ₹3570 |
February | ₹3641 |
March | ₹3714 |
April | ₹3590 |
May | ₹3470 |
June | ₹3354 |
July | ₹3488 |
August | ₹3628 |
September | ₹3773 |
October | ₹3848 |
November | ₹3925 |
December | ₹4004 |
Month | Target |
January | ₹4084 |
February | ₹4166 |
March | ₹4249 |
April | ₹4108 |
May | ₹3971 |
June | ₹3839 |
July | ₹3993 |
August | ₹4153 |
September | ₹4319 |
October | ₹4405 |
November | ₹4493 |
December | ₹4583 |
Month | Target |
January | ₹4675 |
February | ₹4769 |
March | ₹4864 |
April | ₹4702 |
May | ₹4545 |
June | ₹4394 |
July | ₹4570 |
August | ₹4753 |
September | ₹4943 |
October | ₹5042 |
November | ₹5143 |
December | ₹5246 |
Official Website – airtel.in