Bharti Airtel Limited

BSE-532454

Basic

Market Cap
₹8,655.91B
EV
₹10.88T
Shares Out
6,082.35M
Revenue
₹1,499.82B
Employees
23,628

Margins

Gross
63.4%
EBITDA
52.2%
Operating
25.84%
Pre-Tax
8.45%
Net
4.98%
FCF
27.14%

Returns (5Yr Avg)

ROA
-2.51%
ROTA
9.22%
ROE
-7.06%
ROCE
8.06%
ROIC
6.06%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
₹1,501.97
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
₹166.09B
Net Debt
₹1,989.83B
Debt/Equity
2.04
EBIT/Interest
2.04

Growth (CAGR)

Rev 3Yr
13.99%
Rev 5Yr
13.08%
Rev 10Yr
5.75%
Dil EPS 3Yr
-22.52%
Dil EPS 5Yr
65.71%
Dil EPS 10Yr
6.21%
Rev Fwd 2Yr
13.49%
EBITDA Fwd 2Yr
16.31%
EPS Fwd 2Yr
53.95%
EPS LT Growth Est
61.09%

Dividends

Yield
—
Payout
61.12%
DPS
₹8
DPS Growth 3Yr
—
DPS Growth 5Yr
26.19%
DPS Growth 10Yr
16.09%
DPS Growth Fwd 2Yr
34.65%

Metric	Mar '15	Mar '16	Mar '17	Mar '18	Mar '19	Mar '20	Mar '21	Mar '22	Mar '23	Mar '24
Operating Revenues						846,765	1,006,158	1,165,469	1,391,448	1,499,824
Other Revenues, Total	—					15,357	6,428	—	—	—
Total Revenues						862,122	1,012,586	1,165,469	1,391,448	1,499,824
Total Revenues % Chg.						6.3%	17.5%	15.1%	19.4%	7.8%
Cost of Goods Sold, Total						412,663	455,570	472,785	527,465	548,962
Gross Profit						449,459	557,016	692,684	863,983	950,862
Selling General & Admin Expenses, Total						34,236	38,009	53,035	72,454	81,326
Provision for Bad Debts	—					623	1,740	1,179	1,402	—
Depreciation & Amortization						270,944	294,044	330,907	364,318	395,376
Other Operating Expenses						56,699	57,023	61,047	75,203	86,618
Other Operating Expenses, Total						362,502	390,816	446,168	513,377	563,320
Operating Income						86,957	166,200	246,516	350,606	387,542
Interest Expense, Total						-108,855	-124,274	-132,501	-142,955	-189,531
Interest And Investment Income						—	—	2,206	3,080	—
Net Interest Expenses						-108,855	-124,274	-130,295	-139,875	-189,531
Income (Loss) On Equity Invest.						-6,627	-928	24,232	7,521	27,094
Currency Exchange Gains (Loss)						-14,824	-3,193	-8,160	-21,475	—
Other Non Operating Income (Expenses)						-17,053	-23,443	-24,374	-24,450	-31,730
EBT, Excl. Unusual Items						-60,402	14,362	107,919	172,327	193,375
Restructuring Charges				—	—	—	-447	—	—	—
Merger & Related Restructuring Charges	—	—	—	—		—	—	—	—	—
Gain (Loss) On Sale Of Investments						—	—	—	—	9,138
Gain (Loss) On Sale Of Assets	—	—	—			-10	-99	-74	-22	—
Asset Writedown	—			—	—	-13,757	-8,920	-3,810	—	—
Legal Settlements	—	—	—	—	—	-56,420	—	—	—	—
Other Unusual Items						-330,715	-149,778	20,796	-6,698	-75,723
EBT, Incl. Unusual Items						-461,304	-144,882	124,831	165,607	126,790
Income Tax Expense						-125,124	89,325	41,779	42,733	41,210
Earnings From Continuing Operations						-336,180	-234,207	83,052	122,874	85,580
Earnings Of Discontinued Operations	—	—	—	—	—	29,538	110,567	—	—	—
Minority Interest						-15,190	-27,195	-40,503	-39,415	-10,910
Net Income						-321,832	-150,835	42,549	83,459	74,670
Net Income to Common Incl Extra Items						-321,832	-150,835	42,549	83,459	74,670
Net Income to Common Excl. Extra Items						-351,370	-261,402	42,549	83,459	74,670
Total Shares Outstanding						5,453.3	5,488.7	5,881.2	5,964.5	6,044.5
Weighted Avg. Shares Outstanding						5,075.6	5,480.9	5,546.3	5,640.7	5,704.4
Weighted Avg. Shares Outstanding Dil						5,075.6	5,480.9	5,579.5	5,728.5	5,833.6
EPS						-63.4	-27.5	7.7	14.8	13.1
EPS Diluted						-63.4	-27.5	7.6	14.6	12.8
EBITDA						357,901	460,246	508,921	631,781	782,918
Effective Tax Rate						27.1%	-61.7%	33.5%	25.8%	32.5%