NSE: BHARTIARTL | BSE: 532454

Strong Performer, Getting Expensive

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1856.20 -7.40 (-0.40%)

Near 52W High of ₹1917.00

16.8M NSE+BSE Volume

NSE 30 May, 2025 3:31 PM (IST)

1,076,628.9

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.

20 Jan 2018

1856.20

-0.40%

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.

Bharti Airtel Ltd.

19 Jan 2018

1856.20

-0.40%

Bharti Airtel Ltd Q3FY18 results comment

Results Update: Bharti Airtel Ltd.

HDFC Securities

Bharti Airtel Ltd Q3FY18 results comment Revenue decreased by 6.7% to Rs. 20318.6 Cr in Q3FY18 when compared to the previous quarter

Bharti Airtel Ltd. has an average target of 1969.00 from 7 brokers.

Bharti Airtel Ltd.

19 Jan 2018

1856.20

-0.40%

Bharti Airtel's Indian business was impacted by higher-than-estimated decline in Mobile...

Accumulate: Bharti Airtel Ltd.

Emkay

JIO's decision to reverse tariff strategy after discount rationalization in Oct'17 to have a negative impact on incumbents. JIO's pricing discipline is key for industry revenue rebound. Accelerated consolidation is positive but its benefits would not be visible without pricing discipline. EBITDA is cut by 3%/4%/6% for FY18/19/20E while the same is restricted by upgrade in Africa assumptions. Retain ACCUMULATE with a revised SOTP...

Bharti Airtel Ltd. has gained 35.22% in the last 1 Year

Bharti Airtel Ltd.

24 Nov 2017

1856.20

-0.40%

Revenue Market Share (RMS) is not comparable on like-to-like basis due to inclusion of Re...

Accumulate: Bharti Airtel Ltd.

Recommendation Target

Emkay

Consolidated AGR for the industry increased by 4.2% qoq (-18% yoy) to Rs308bn, driven by Jio's AGR of Rs42.7bn. Pronounced seasonality and GST implementation was topping to Jio's aggression, which impacted industry revenues. Combined revenue of incumbents declined by 12% qoq. Bharti, Vodafone/Idea reported revenue declines of...

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

Bharti Airtel Ltd.

03 Nov 2017

1856.20

-0.40%

Bharti Airtel (2QFY18): Resilient performance. BUY

Buy: Bharti Airtel Ltd.

Recommendation Target

HDFC Securities

Our SOTP is Rs 618 (9x Sep-19E EV/e for India wireless, plus Rs 59 for Tata/Uninor). Bharti Airtels 2QFY18 revenue at Rs 218bn (-0.8% QoQ, -11.7% YoY) was in line with estimates. EBITDA at Rs 79.2bn (+2.1/-16.1% QoQ/YoY; 36.4% margin) was the key surprise, led by (1) Strong cost control in the India wireless business, and (2) Healthy revenue as well as margin performance in Africa. Stringent cost control helps cushion the impact of IUC rate-cuts from 3QFY18.

Bharti Airtel Ltd. has an average target of 1969.00 from 7 brokers.

Bharti Airtel Ltd.

02 Nov 2017

1856.20

-0.40%

Bharti Airtel

Buy: Bharti Airtel Ltd.

Target

ICICI Securities Limited

Indian mobility business revenues were at | 12245 crore (decline of 16.9% YoY, 5.2% QoQ) vs. our estimate of | 12236.2 crore, with ARPU at | 145 (down 6.3% QoQ), largely in line with our estimates. Voice volumes were at 437.1 billion, up 3.6% QoQ (our estimate:...

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

Bharti Airtel Ltd.

13 Oct 2017

1856.20

-0.40%

Bharti Airtel (Update): Fortifying market dominance. NOT RATED

Not Rated: Bharti Airtel Ltd.

HDFC Securities

We view the acquisition as positive Bharti Airtel is set to acquire the wireless business of the Tata Group. Though the transaction is not significant from the financial point of view for Airtel, it bolsters its leadership position through acquisition of customers, spectrum & fiber and provides additional muscle to combat competition from Jio. We foresee the acquisition to be earnings accretive post integration besides improving its subscriber and revenue market share by 300-400bps narrowing the gap with Vodafone-Idea combined

Bharti Airtel Ltd. has gained 35.22% in the last 1 Year

Bharti Airtel Ltd.

12 Oct 2017

1856.20

-0.40%

Bharti Airtel: Bharti announces acquisition of TTSL - a strategic mo

Buy: Bharti Airtel Ltd.

Target

Motilal Oswal

Revenue market share to increase 5% at EV of INR20b (EV/sales of 0.2x) BHARTI announced the acquisition of TTSL's consumer business at a meager enterprise value of ~INR20b (as per media sources). This reflects the diminishing bargaining power of sellers in the ongoing telecom sector consolidation. The deal implies just 25% deferred spectrum payment liability taken by BHARTI out of the total deferred payment liability of INR82b. According to TRAI data, TTSL's annualized revenue stood at INR88.7b (annualized 1QFY18 numbers), with a 5% gross revenue market share (6.1% AGR market share). TTSL has 35m VLR...

Bharti Airtel Ltd. has an average target of 1969.00 from 7 brokers.

Bharti Airtel Ltd.

27 Jul 2017

1856.20

-0.40%

Bharti Airtel

Buy: Bharti Airtel Ltd.

Target

ICICI Securities Limited

Revenues came in higher at | 21958.1 crore (vs. expected | 21717.3 crore) aided by higher voice and data revenues. The voice revenues from the Indian business came in at | 9273.63 crore (vs. estimated | 9123.1 crore) owing to sharp volumes jump of 10.7% QoQ to 421.9 billion minutes (Idirect estimate 417.5 billion minutes) driven mainly by the free voice bundled offer. On the contrary, there was 9.5% QoQ decline in voice ARPM to 22.0 paisa versus estimates of 21.9 paisa. Data subscriber addition grew by 9.5% QoQ to 62.6 million...

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?

1059 Votes:

Buy 74.13%

Sell 17.09%

Hold 8.78%

RESEARCH REPORTS

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Buy SEE REPORTS >

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