Fundamentals scanner
Every ratio from the Fundamental Analysis track, computed on a real company and annotated with what the number actually means. Then the three financial statements, so you can do the cash-flow check yourself.
Bharti Airtel
Communication ServicesBullish- Market cap
- ₹12,42,803 Cr
- P/E
- 41.7x
- ROE
- 20.2%
- Debt / equity
- 1.00
What the company does
Bharti Airtel Limited operates as a telecommunications company in India and internationally. It operates through the Mobile Services India, Mobile Services Africa, Mobile Services South Asia, Airtel Business, Passive Tower Infrastructure Services, Homes Services, Digital TV Services, and Others segments. The company provides voice and data telecom services through wireless technology including 2G/3G/4G/5G services; passive infrastructure service, including the setup, operation, and maintenance of wireless communication towers; mobile money services; home services covering voice and data communications through fixed-line network, wireless network, and broadband technology for homes; and digital TV services comprising digital broadcasting services under the DTH platform and IPTV services. It also engages in the airtel business that includes MPLS, VoIP, SIP trunking, fixed line voice solutions, communications platform as a service (CPaaS), internet of things (IoT), managed services, enterprise mobility applications, cloud, and cybersecurity, data and voice, network integration, managed services, security, and platform services. In addition, the company offers post-paid, prepaid, roaming, data services, OTT content, and various value-added services, as well as mobile TV, video calls, live-streaming videos, gaming, and high-definition (HD) and 4K content services. The company was formerly known as Bharti Tele-Ventures Limited and changed its name to Bharti Airtel Limited in April 2006. Bharti Airtel Limited was incorporated in 1995 and is headquartered in Gurugram, India.
Valuation — what you are paying
How the price compares to earnings, assets and cash generation.
- P/E (trailing)41.7xWeak
You are paying 41.7 years of current profit for each share. The earnings yield is 2.4%.
- P/B (price to book)7.7xFair
The market values the company at 7.7× its accounting net worth. High is normal for asset-light businesses and unusual for banks.
- EV / EBITDA12.4xFair
This is the only common multiple that accounts for debt — it is what an actual acquirer would look at, because they would inherit the borrowings.
- Dividend yield1.20%Fair
Pays 1.20% of the current price out each year. Remember that yield rises when price falls — check the dividend is covered by cash flow.
Profitability — is this a good business?
Returns on capital and margins, the numerical shadow of a moat.
- Return on equity20.2%Strong
Earns ₹20.2 of profit a year for every ₹100 of shareholders' money. Always check how much of this comes from leverage rather than the business.
- Return on assets8.2%Fair
ROE and ROA are reasonably close, so the returns come largely from the business itself rather than from borrowing.
- Operating margin32.6%Strong
Keeps ₹32.6 of operating profit from every ₹100 of sales. Compare only against companies in the same industry.
- Net margin13.1%Strong
Sustained high net margins are evidence that something is stopping competitors from competing the profits away.
Financial strength — can it survive a bad year?
Leverage and liquidity. This is where fragility shows up first.
- Debt to equity1.00Fair
A conservative balance sheet that can absorb a downturn without a crisis.
- Current ratio0.57Weak
More due within twelve months than is available within twelve months. Watch this closely.
- Total debt₹2,01,480 CrNo data
Against cash of ₹58409.30 Cr. Net debt is what matters, not gross borrowings.
- Free cash flow₹63056.59 CrStrong
Generates cash after paying for the capital spending needed to keep running. This is the money genuinely available to owners.
Growth — is it getting bigger?
Revenue and earnings momentum, and how the two compare.
- Revenue growth (yoy)+18.4%Strong
Ask where the growth came from: more volume, higher prices, or an acquisition. They are very different in quality.
- Earnings growth (yoy)+35.1%Strong
Profits are growing faster than sales — margins are expanding, which is the sign of genuine operating leverage.
- Revenue (TTM)₹2,20,049 CrNo data
EBITDA of ₹1,14,727 Cr and operating cash flow of ₹1,25,174 Cr.
- PEG ratio—No data
Not available.
Financial statements
Reported figures, most recent year first. All values in rupees.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | ₹2,10,973 Cr | ₹1,72,985 Cr | ₹1,49,982 Cr | ₹1,39,145 Cr |
| Cost of revenue | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Gross profit | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Operating expenses | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Operating income | — | — | — | — |
| Interest expense | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Net profit | ₹26695.20 Cr | ₹33556.10 Cr | ₹7467.00 Cr | ₹8345.90 Cr |