NSE: BHARTIARTL | BSE: 532454

Strong Performer, Getting Expensive

Download real time

1822.50 13.60 (0.75%)

High vol. this week

NSE 21 May, 2025 3:31 PM (IST)

1,057,082.3

Market Cap

Market Leader

0.9

Beta 1Year

Low volatility

Analyst Buy

Sharekhan maintains its 'Buy' call on Bharti Airtel, expects a revenue CAGR of 20% over FY26-27 See details

Bharti Airtel Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BHARTIARTL, BSE:532454 Bharti Airtel Ltd.

Bharti Airtel Ltd.

15 Nov 2019

1822.50

0.75%

Strong performance amidst headwinds

Buy: Bharti Airtel Ltd.

Target

Motilal Oswal

15 November 2019 Despite all the hustle in the telecom space, BHARTI surprised with 7% QoQ EBITDA growth to INR88.6b (10% beat without adjusting for Ind-AS 116 impact). Particularly, India mobile EBITDA trended higher (+3% QoQ) for the third consecutive quarter, led by stable domestic wireless revenue (+1% QoQ) despite seasonal weakness. SG&A; costs were down INR6b in the quarter. Moreover, net finance cost declined 9% QoQ to INR29.1b, led by the recent deleveraging efforts. The big dampener this quarter was INR307b exceptional charge toward AGR liability (license fee/SUC) and Africa pre-IPO investor indemnity, which led to a net loss of INR228.3b. loss was at INR11.2b versus our estimate of a net loss of INR14b. Moderating capex intensity down nearly 40% from FY19 to a meager INR88.4b in 1HFY20 (20% below our estimate) coupled with declining debt (excluding AGR liability) led to a reduction in interest cost.

Bharti Airtel Ltd. average weekly volume is high.

Bharti Airtel Ltd.

15 Nov 2019

1822.50

0.75%

Bharti Airtel

Buy: Bharti Airtel Ltd.

Target

Sharekhan

Bharti Airtel (Bharti) has delivered strong operating performance with in-line revenue performance. EBITDA grew by 7% q-o-q, ahead of our estimates., led by robust performance in both the Indian and African business. Reported net loss stood at Rs. 23,045 crore, dragged by adjusted gross revenue (AGR) provisioning of Rs. 28,450 crore. Excluding exceptional items, adjusted net loss stood at Rs. 1,123 crore. We believe continued investment in the tough times and availability of spectrum for its capacity expansion would help Bharti gain market share during the...

Bharti Airtel Ltd. is trading below its 30 day SMA of 1827.3

Bharti Airtel Ltd.

31 Oct 2019

1822.50

0.75%

Bharti Airtel

Buy: Bharti Airtel Ltd.

Target

ICICI Securities Limited

On the India wireless revenue front, this was the third consecutive quarter of revenue growth. India wireless revenue came in at | 10981 crore (up 1.1% QoQ, with ARPU of | 128, down 0.8% QOQ largely due to consolidation of TTSL customers. In the non-wireless segment, a key positive surprise was digital TV revenue growth of 6.8% QoQ and Airtel business revenue growth of 3.8% QoQ. The company added 7.9 million (mn) 4G subscribers during the quarter. The 4G base is now at 103.1 mn as on Q2FY20. The company indicated it would continue to push ARPU upwards through prudent tariff...

Bharti Airtel Ltd. has an average target of 1949.57 from 7 brokers.

Bharti Airtel Ltd.

24 Sep 2019

1822.50

0.75%

Competitive threat in wireline biz subsiding

Buy: Bharti Airtel Ltd.

Target

Motilal Oswal

24 September 2019 The impact from downtrading and the minimum recharge plans has largely played out in the subscriber and ARPU trends. Notably, even post the roll out of the minimum recharge program, the company has retained 50-60m of the total 100-120m low-ARPU (i.e. INR10-15) subscribers, which has driven a 3-4x rise in ARPUs. This apart, tariff upgrades (some minor tweaks in price plans/validity) and Airtel Thanks are contributing to incremental ARPUs. Even though the second quarter is seasonally weak, BHARTI is likely to benefit from TTSL merger revenue contribution and network cost efficiencies (incremental EBITDA margin at 70%). In contrast to fears, the company has witnessed only limited churn post RJios recent Jio fiber launch (35-40% of recent plan renewals were annual). In fact, the recently launched Xstream website and app (rebranded version of Airtel Thanks) offer wide content, which should further increase FTTH subscriber stickiness.

Bharti Airtel Ltd. is trading above its 200 day SMA of 1648.5

Bharti Airtel Ltd.

16 Sep 2019

1822.50

0.75%

BHARTI AIRTEL LIMITED

Hold: Bharti Airtel Ltd.

Target

Geojit BNP Paribas

4G penetration & Debt reduction key monitorable Bharti Airtel Limited is a leading global telecommunications company with operations in 18 countries across Asia and Africa. The company had over...

Sharekhan increased Buy price target of Bharti Airtel Ltd. to 2170.0 on 15 May, 2025.

Bharti Airtel Ltd.

07 Aug 2019

1822.50

0.75%

Bharti Airtel Limited

Results Update: Bharti Airtel Ltd.

SMC online

Consolidated revenue from operations rose by 5 per cent to Rs 20,737.90 crore in Q1FY20 as against Rs 19,799.20 crore in Q1FY19. Higher loss was due to an exceptional cost of Rs 1,469 crore for network refarmingredeploying spectrumand other provisions during the first quarter. And adoption of the Ind AS 116 accounting standard also aided numbers. Other income de-grew by 37% to Rs 167.7 crore and interest cost jumped 50% to Rs 3181.50...

Bharti Airtel Ltd. has gained 35.23% in the last 1 Year

Bharti Airtel Ltd.

05 Aug 2019

1822.50

0.75%

Bharti Airtel

Buy: Bharti Airtel Ltd.

Recommendation

ICICI Securities Limited

The key takeaway from Bharti Airtel's Q1FY20 performance was stable KPI prints across the business segments. Consolidated revenues (excluding IndAS 116 and DTH revenues re-alignment) at | 21147 crore, was up 2.6% QOQ with healthy 2.2% QoQ growth in India wireless revenues and 2.6% QOQ growth in Africa revenues at US$802 million (in constant currency). Consolidated EBITDA margins at 33.7% were largely driven by superior India margins at 31.4%, up 90 bps QoQ while Indian wireless EBITDA...

Bharti Airtel Ltd. has an average target of 1949.57 from 7 brokers.

Bharti Airtel Ltd.

02 Aug 2019

1822.50

0.75%

Bharti Airtel

Buy: Bharti Airtel Ltd.

Sharekhan

Bharti Airtel (Airtel) reported healthy performance across parameters, especially in the India business in Q1FY2020. Reported financials are not comparable on account of the switch to IndAS-116. For comparison, we have adjusted numbers only for IndAS-116. Revenue growth was in-line, at 0.5% q-o-q. India business revenue grew 0.7% q-o-q and 3.4% q-o-q adjusted for the DTH business. India wireless business revenue rose by 2.2% q-o-q, led by a 3.2% q-o-q rise in ARPU to Rs. 127 (reported Rs. 129). Africa revenue grew 2.6% q-o-q...

Bharti Airtel Ltd. is trading above its 200 day SMA of 1648.5

Bharti Airtel Ltd.

17 Jun 2019

1822.50

0.75%

Bharti announces Africa IPO price band

Buy: Bharti Airtel Ltd.

Target

Motilal Oswal

Bharti Airtel (BHARTI) has set a price band of USD1.0-1.3 (GBP0.8-1.0) for its Africa business IPO. This will lead to post issue equity dilution of 16-19%, leaving BHARTI's stake at 55-57%.

Sharekhan increased Buy price target of Bharti Airtel Ltd. to 2170.0 on 15 May, 2025.

Bharti Airtel Ltd.

10 Jun 2019

1822.50

0.75%

Bharti Airtel

Buy: Bharti Airtel Ltd.

Target

Sharekhan

q-o-q to Rs. 6,632 crore, above our estimates, led by 31.6% q-o-q growth in India wireless EBITDA. Strong EBITDA growth in India wireless business was led by robust revenue growth and higher cost-efficiency measures. As a result, EBITDA margin in India wireless business expanded by 500 BPS q-o-q to 24.1%, above our estimates. Management of Airtel highlighted a one-off...

Bharti Airtel Ltd. has an average target of 1949.57 from 7 brokers.

Is Bharti Airtel Ltd. worth buying?

1056 Votes:

Buy 74.15%

Sell 17.14%

Hold 8.71%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf