NSE: BHARTIARTL | BSE: 532454

Strong Performer, Getting Expensive

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1856.10 12.30 (0.67%)

Near 52W High of ₹1917.00

3.9M NSE+BSE Volume

NSE 28 May, 2025 3:31 PM (IST)

1,076,570.9

Market Cap

Market Leader

0.9

Beta 1Year

Low volatility

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.

30 Apr 2018

1856.10

0.67%

reduction and Bangladesh & Africa divested/acquired operating units). Consolidated mobile data traffic at 1,616 Mn MBs in the quarter has registered a robust Y-o-Y growth of 505%. India revenues for Q4'18 at Rs 14,796 crore have declined by 7.5% Y-o-Y (13.1% on reported) on an underlying basis. Y-o-Y de-growth primarily impacted by mobile drop of 13.5%. India other business have witnessed healthy Y-o-Y growth e.g. 10.7% in Digital TV and 11.2% in Airtel Business on an underlying basis. Mobile data traffic has grown more than 6x to 1,540 Bn MBs in the quarter as compared to 225 Bn MBs in the corresponding quarter last year. Mobile...

Bharti Airtel Ltd. has gained 34.08% in the last 1 Year

Bharti Airtel Ltd.

27 Apr 2018

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0.67%

Bharti Airtel

Buy: Bharti Airtel Ltd.

Sharekhan

revenue of Bharti Airtel (Airtel) declined by 3.3% on a sequential basis (down 10.3% y-o-y) to Rs. 19,710 crores in Q4FY2018, broadly in-line with expectations. The decline in overall revenues was mainly due to the ongoing tariff war with RJio, 3.3% q-o-q/13.1% y-o-y drop in India business and disinvestment in some of assets in Africa and Bangladesh. Africa (14 countries)...

ICICI Securities Limited downgraded Bharti Airtel Ltd. to Hold with a price target of 1900.0 on 15 May, 2025.

Bharti Airtel Ltd.

26 Apr 2018

1856.10

0.67%

Bharti Airtel (4QFY18): Is the worst behind? Maintain BUY

Buy: Bharti Airtel Ltd.

Target

HDFC Securities

We remain positive from medium term perspective. Our SOTP is Rs 487, 9x FY20E EV/e for India wireless. Bharti Airtels 4QFY18 revenue at Rs 196.3bn (-3.4% QoQ) was marginally below estimates led by Africa. EBITDA at Rs 69.3bn (-7.2 QoQ; 35.3% margin) was in-line. EBITDA includes negative impact of IUC rate cut on international incoming calls of Rs 0.9bn. Modest revenue decline in India wireless business (-3.7% QoQ) despite 6% ARPU decline to Rs 116 and healthy margin in Africa were the key highlights.

Bharti Airtel Ltd. is trading above all available SMAs

Bharti Airtel Ltd.

26 Apr 2018

1856.10

0.67%

Bharti Airtel

Buy: Bharti Airtel Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues came in at | 19634 crore, down 3.4% QoQ. Indian mobility business revenues were slightly ahead at | 10353 crore (down 3.7% QoQ) with ARPU at | 116 (down 5.9% QoQ). The decline was largely contributed by international IUC cut along with price competition. India EBITDA margins came in 34% in line with our expectation of 33.8%. Voice volumes came in strong at 592 billion, up 19.8% QoQ, driven by free voice bundled offer. Data consumption per sub also...

Number of FII/FPI investors increased from 1835 to 1971 in Mar 2025 qtr.

Bharti Airtel Ltd.

25 Apr 2018

1856.10

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Bharti Airtel: ARPU downtrading continues; merger synergies to provide a breather

Buy: Bharti Airtel Ltd.

Target

Motilal Oswal

Consol. revenue fell 3% QoQ (-11% YoY) to INR196.3b (2% miss), while consol. EBITDA declined 7% QoQ (-12% YoY) to INR69.3b (in-line). India wireless revenue/EBITDA fell 4%/16% QoQ to INR103.5b/INR29.4b, primarily due to APRU down trading (-6% QoQ) to INR116. Africa revenue/EBITDA was down 3%/2% QoQ to INR49.7b/17.9b due to currency fluctuations; however, the EBITDA margin of 36.0% expanded 60bp from the previous peak of 35.5%. Consol. PAT fell 73% QoQ to INR829m (est. of INR1.6b). Adj. PAT stood at -INR410m.

ICICI Securities Limited downgraded Bharti Airtel Ltd. to Hold with a price target of 1900.0 on 15 May, 2025.

Bharti Airtel Ltd.

26 Feb 2018

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Revenue market share is comparable on a like-to-like basis, unlike for last quarter where...

Hold: Bharti Airtel Ltd.

Emkay

JIO has touched revenue market share of 19% in two quarters of paid services. JIO is already no. 2 operator in 12 circles and those circles contribute 50% to industry revenues. In 7 circles where JIO is No. 2 operator, Bharti Airtel enjoys the leadership position. Revenue for incumbents might continue to remain under pressure amid renewed pricing aggression by JIO, which started from Jan'18. Expectations of a rebound in revenue for incumbents from H2FY19 have been dented, and will hinge on the impact of recent tariff...

Bharti Airtel Ltd. has gained 34.08% in the last 1 Year

Bharti Airtel Ltd.

29 Jan 2018, 12:00AM

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0.67%

Reliance JIO has once again rattled its competitors with increased discounts and launch o...

Hold: Bharti Airtel Ltd.

Target

Emkay

JIO has launched Rs98/month plan with unlimited voice calls (UVC) and 2GB data. It has also launched Rs49 plan on JIO feature phones with UVC and 1GB/month data. This time, JIO is targeting non-data subscribers of the incumbents (~77% of total subscriber base)....

Bharti Airtel Ltd. has gained 34.08% in the last 1 Year

Bharti Airtel Ltd.

25 Jan 2018

1856.10

0.67%

Bharti Airtel

Bharti Airtel Ltd.

SMC online

12.9%) on an underlying basis (viz. adjusted for India domestic termination rate reduction and Africa / Bangladesh divested operating units). Consolidated mobile data traffic at 1,178 Mn MBs in the quarter has registered a robust Y-o-Y growth of 460.4% on an underlying basis. India revenues for Q3'18 at Rs 15,294 crore have declined by 11.3% Y-o-Y (15.1% on reported)...

Number of FII/FPI investors increased from 1835 to 1971 in Mar 2025 qtr.

Bharti Airtel Ltd.

22 Jan 2018

1856.10

0.67%

Bharti Airtel

Buy: Bharti Airtel Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues came in at | 20319 crore, down 6.7% QoQ. The Indian mobility business revenues stood at | 10751 crore (decline of 22% YoY and 12.2% QoQ) vs. our estimate of | 11188.4 crore, with ARPU at | 123 (down 15% QoQ), steeper decline than our estimate of | 130 (10% decline). The consequent Indian mobility EBITDA margins were also down ~520 bps QoQ to 32.6% The voice volumes stood 494.5 billion, up 13.6% QoQ, driven by free voice bundled offer in a...

ICICI Securities Limited downgraded Bharti Airtel Ltd. to Hold with a price target of 1900.0 on 15 May, 2025.

Bharti Airtel Ltd.

20 Jan 2018

1856.10

0.67%

Bharti Airtel (3QFY18): Challenging times. Maintain BUY

Buy: Bharti Airtel Ltd.

Target

HDFC Securities

Our SOTP is Rs 600 (9x Dec-19E EV/e for India wireless, plus Rs 63 for Tata/Uninor). Bharti Airtels 3QFY18 revenue at Rs 203bn (-6.7% QoQ, -12.9% YoY) was marginally below estimates led by IUC rate cut. EBITDA at Rs 74.7bn (-5.7/-11.9% QoQ/YoY; 36.8% margin) was in-line. EBITDA includes negative impact of IUC rate cut of Rs 3.4bn.

ICICI Securities Limited downgraded Bharti Airtel Ltd. to Hold with a price target of 1900.0 on 15 May, 2025.

Is Bharti Airtel Ltd. worth buying?

1058 Votes:

Buy 74.1%

Sell 17.11%

Hold 8.79%

RESEARCH REPORTS

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