Bharti Airtel Share Price Target 2024-2030 Fundamentals & Quarterly Results

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 Share Price Target


Bharti Airtel Overview

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 NameBharti Airtel Ltd
Listed atNSE & BSE
Head OfficeBharti Crescent 1 Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi – 110 070
Board Of Directors
  • Mr.Sunil Bharti Mittal Chairman
  • Ms.Kimsuka Narasimhan Independent Director
  • Ms.Nisaba Godrej Independent Director
  • Justice(Retd)Arjan Kumar Sikri Independent Director
  • Mr.Shyamal Mukherjee Independent Director
  • Mr.Douglas Anderson Baillie Independent Director
  • Mr.Gopal Vittal Managing Director & CEO
  • Mr.Rakesh Bharti Mittal Non Executive Director
  • Ms.Chua Sock Koong Non Executive Director
  • Mr.Tao Yih Arthur Lang Non Executive Director
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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The company’s Digital TV Services gives direct-to-home (DTH) platform offering 725 channels including 94 HD channels, 64 SVOD services, four international channels and four interactive services. The Airtel Business segment delivers fixed-line voice (PRIs), data and other connectivity solutions, such as Multi-Protocol Label Switching (MPLS), Voice over Internet Protocol (VoIP), SIP trucking.

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/E87.0
Book Value₹ 145
Dividend Yield0.46 %
ROCE13.1 %
ROE14.9 %
Face Value₹ 5.00
Debt to Equity2.63
Debt Capacity0.00
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 Percentage0.00 %
FCF (Previous Annual)₹ 38,875 Cr.
EV/EBITDA14.9
Industry P/E59.6
PEG Ratio0.71
Piotroski Score5.00
Earnings Yield3.43 %
Sales Growth (5 Years)13.2 %

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Bharti Airtel Quarterly Results

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales (₹ Cr.)32,80534,52735,80436,00937,44037,04437,90037,59938,506
Expenses (₹ Cr.)16,27516,93317,72017,31217,84217,53018,08518,23418,799
Operating Profit16,52917,59418,08518,69719,59819,51419,81519,36519,708
OPM %50%51%51%52%52%53%52%52%51%
Other Income (₹ Cr.)355559-412886-2,478-6541,013-1,3082,010
Interest (₹ Cr.)4,5114,9404,6865,1635,6145,1866,6455,2035,152
Depreciation (₹ Cr.)8,7818,9479,2989,4069,6549,73410,07410,07510,540
Profit before tax3,5924,2653,6895,0141,8533,9404,1082,7786,025
Tax %31%30%29%16%18%47%30%26%22%
Net Profit (₹ Cr.)2,4692,9792,6144,2261,5202,0932,8762,0684,718
EPS (₹)2.733.862.855.392.892.394.343.667.31

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CAGR Report

Metric10 Years5 Years3 YearsTTM/Last Year
Compounded Sales Growth6%13%14%5%
Compounded Profit Growth16%122%-2%8%
Stock Price CAGR17%36%37%82%
Return on Equity (ROE)9%12%11%15%

Bharti Airtel Shareholding Pattern

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Jun 2024
Promoters67.14%67.14%58.98%55.86%55.93%55.02%53.48%53.17%
FIIs18.45%17.61%20.29%18.57%19.36%20.97%24.35%24.62%
DIIs12.38%13.25%15.83%20.35%19.50%19.78%19.20%19.13%
Government0.00%0.00%0.00%0.00%0.00%0.12%0.12%0.12%
Public1.99%2.00%4.87%5.16%5.16%4.05%2.80%2.89%
Others0.04%0.00%0.04%0.06%0.05%0.05%0.05%0.06%
No. of Shareholders1,93,6631,86,2382,30,5287,13,8667,67,5787,58,7156,94,2977,62,266

Bharti Airtel Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-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

BHARTI AIRTEL Share Price Target 2025

MonthTarget
January₹2381
February₹2429
March₹2478
April₹2395
May₹2315
June₹2238
July₹2328
August₹2421
September₹2518
October₹2568
November₹2619
December₹2671

BHARTI AIRTEL Share Price Target 2026

MonthTarget
January₹2724
February₹2778
March₹2834
April₹2740
May₹2649
June₹2561
July₹2663
August₹2770
September₹2881
October₹2939
November₹2998
December₹3058

BHARTI AIRTEL Share Price Target 2027

MonthTarget
January₹3119
February₹3181
March₹3245
April₹3137
May₹3033
June₹2932
July₹3049
August₹3171
September₹3298
October₹3364
November₹3431
December₹3500

BHARTI AIRTEL Share Price Target 2028

MonthTarget
January₹3570
February₹3641
March₹3714
April₹3590
May₹3470
June₹3354
July₹3488
August₹3628
September₹3773
October₹3848
November₹3925
December₹4004

BHARTI AIRTEL Share Price Target 2029

MonthTarget
January₹4084
February₹4166
March₹4249
April₹4108
May₹3971
June₹3839
July₹3993
August₹4153
September₹4319
October₹4405
November₹4493
December₹4583

BHARTI AIRTEL Share Price Target 2030

MonthTarget
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

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