# Bharti Airtel share price today (Bharti Airtel Ltd, NSE: BHARTIARTL)

> Bharti Airtel share price today: ₹2,067.60 at the NSE close on 4 November 2026, up 3.3% in a year. Bharti Airtel (NSE: BHARTIARTL) is worth ₹12,90,320 crore, trades at a P/E of 41.3 and has closed between ₹1,741.10 and ₹2,162.70 over the past 52 weeks. > Bharti Airtel Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. BHARTIARTL · Telecom Services · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/bharti-airtel-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹2,067.60 (+3.3% in a year)
- P/E: 41.3× (lower than 73% of the last 11 years)
- Revenue (Jun 2026): ₹58,539 Cr (+18.3% on a year ago)
- Profit (Jun 2026): ₹10,012 Cr (+34.9% on a year ago)
- Operating margin: 57.0% (+1.0 points on a year ago)
- ROCE: 18%, FY26
- ROIC: 15.1%, against a 12.0% cost of capital: +3.1 points

The main question: the share price moved +3.3% in a year while yearly earnings per share moved −25.6%. The difference came from the market paying a higher multiple. ## What is the Bharti Airtel share price today? Bharti Airtel Ltd's share price was ₹2,067.60 at the close on 4 November 2026. It has been falling for 4 weeks. That is 9.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,741 and ₹2,163, and at that close it sat 77% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 5 weeks in a row. Over the last 11 years the share price moved +580% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Bharti Airtel this quarter? Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), indian funds and insurers (DIIs) raised their stake for 5 quarters in a row and profit grew again in the June 2026 quarter. 1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹58,539 crore, +18.3% on a year earlier. 2. Indian funds and insurers (DIIs) raised their stake for 5 quarters in a row From 19.1% to 21.6% of the company by the September 2026 quarter. 3. Profit grew again in the June 2026 quarter Profit was ₹10,012 crore, +34.9% on a year earlier (₹7,422 crore), after 2 quarters of decline. ## What are Bharti Airtel's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Bharti Airtel reported revenue of ₹58,539 crore, up 18.3% from ₹49,463 crore a year earlier, and a profit of ₹10,012 crore, up 34.9% from ₹7,422 crore. ### Bharti Airtel results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹58,539 crore | ₹49,463 crore | +18.3% |
| Profit | ₹10,012 crore | ₹7,422 crore | +34.9% |
| Earnings per share | ₹13.09 | ₹10.43 | +25.5% |
| Operating margin | 57.0% | 56.0% | +1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Bharti Airtel's management discussed these results on a call held on 5 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Bharti Airtel share price history? Bharti Airtel closed at ₹2,067.60 on 4 November 2026, up 3.3% from ₹2,001.20 a year earlier (7 November 2025) and up 194.9% over five years. Its highest weekly close since March 2016 was ₹2,162.70 on 21 November 2025. ### Bharti Airtel share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹1,973.70 | +4.8% |
| 1 month ago · 1 Oct 2026 | ₹1,741.10 | +18.8% |
| 6 months ago · 8 May 2026 | ₹1,834.50 | +12.7% |
| 1 year ago · 7 Nov 2025 | ₹2,001.20 | +3.3% |
| 3 years ago · 3 Nov 2023 | ₹930.75 | +122.1% |
| 5 years ago · 4 Nov 2021 | ₹701.10 | +194.9% |
| 10 years ago · 4 Nov 2016 | ₹276.42 | +648.0% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹303.94 | +580.3% |
| Highest weekly close since March 2016, also the 52-week high · 21 Nov 2025 | ₹2,162.70 | −4.4% |
| Lowest weekly close since March 2016 · 19 Oct 2018 | ₹258.93 | +698.5% |
| 52-week low (weekly close) · 1 Oct 2026 | ₹1,741.10 | +18.8% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on Bharti Airtel? 4 Nov 2026: Bharti Airtel closed at ₹2,067.60, up 4.8% on the week and up 18.8% on the month. 5 Aug 2026: Bharti Airtel held its results call for April to June 2026. Management guided: Airtel Money preparing for a London listing in H2 2026. ### Earlier

- 24 Jul 2026: ex-date for a dividend of ₹24 a share. - Results for April to June 2026: Revenue up 18.3% and profit up 34.9% on a year earlier. ## What dividend does Bharti Airtel pay? Bharti Airtel paid ₹24 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.16% at the ₹2,067.60 close on 4 November 2026. The last was a dividend of ₹24 a share, ex-date 24 July 2026. ### Bharti Airtel dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 24 Jul 2026 | ₹24 | Dividend | same day |
| 18 Jul 2025 | ₹16 | Dividend | same day |
| 7 Aug 2024 | ₹8 | Dividend | same day |
| 11 Aug 2023 | ₹4 | Dividend | same day |
| 1 Aug 2022 | ₹3 | Dividend | 2 Aug 2022 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Bharti Airtel Ltd paid out 55% of its profit as dividends in FY26, and it paid a dividend in 11 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Bharti Airtel management say on the latest results call? On the call for April to June 2026, held on 5 August 2026, Bharti Airtel's management guided: Airtel Money preparing for a London listing in H2 2026. > “The reason we have gone out on a limb to say that our ambition is to reach 1 gigawatt in the next few years is that we have a very clear line of sight to actually get there.”
> Gopal Vittal, on the call for April to June 2026

### What management guided

- Nextra data-center capacity ambition: 1 gigawatt over the next few years from current 120-130 megawatts; capital spending becomes lumpy with land and build-out. - Long-term ARPU growth of 4-5% over the next 5-7 years if industry pricing architecture is repaired. - Home broadband momentum expected to return as acquisition quality improves, fiber deployment accelerates and FWA becomes selective. - Airtel Business revenue growth prioritized; margins may trend slightly down as digital mix rises. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4438/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 5 August 2026.)

## What to watch in Bharti Airtel's next results? When Bharti Airtel reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Airtel Money listing progress - verify London process advances within the stated second-half window. - What to check (from the call)
- Airtel Money listing progress - verify London process advances within the stated second-half window. - Home broadband quality reset - check whether fiber-led additions restore momentum without FWA churn returning. - Nextra build-out - monitor land finalization, contract conversion and funding structure as capital spending becomes lumpy. - Hexacom home EBIT - test whether critical-mass economics improve without a new CPE burden. ## Which stock lists is Bharti Airtel on? Bharti Airtel is on 3 of our India lists: Momentum stocks, Nifty 50 companies and AI & data centre stocks. - [Momentum stocks Market cap cr: 1290515.7385620915](https://www.sectoralpha.in/momentum-stocks-india)
- [Nifty 50 companies Weight in the Nifty 50 (%): 5.1](https://www.sectoralpha.in/nifty-50-stocks-list)
- [AI & data centre stocks Group on the list: Data centre operators](https://www.sectoralpha.in/ai-stocks-india)

## Is Bharti Airtel profitable? Bharti Airtel Ltd earned ₹10,012 Cr of net profit in the Jun 2026 quarter, +34.9% on the same quarter a year earlier. Full-year FY26 profit was ₹33,823 Cr. Over 10 years profit has grown 17.2% a year on average. That is 17.1% of the quarter's revenue. The same quarter a year earlier earned ₹7,422 Cr. For the full year, FY26 profit was ₹33,823 Cr (−9.8% on the year before). Why profit moved: revenue changed +18.3% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +17.5% and revenue +19.8%. Profit and revenue are moving at about the same pace. ## How much revenue does Bharti Airtel make, and is it growing? Bharti Airtel Ltd reported ₹58,539 Cr of revenue in the Jun 2026 quarter, +18.3% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 8.1% a year on average. The last full year, FY26, came in at ₹2,10,973 Cr. The last four reported quarters add to ₹2,20,049 Cr. FY26 revenue was ₹2,10,973 Cr, +22.0% on the year before. Recent pace: the last four quarters grew +19.8% on average, against 8.1% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +19.6%, against +20.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −9.4%, against +76.0% a year (rolling over). ## How much of every ₹100 of sales does Bharti Airtel keep? Bharti Airtel Ltd's operating margin was 57.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 31.0% and 55.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +0.6 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Bharti Airtel's profit turning into cash? Over the last 3 years, 375% of Bharti Airtel Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,22,230 Cr of operating cash against ₹33,823 Cr of profit. After ₹72,519 Cr of spending on assets, ₹49,711 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 375% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. What to look at next: the bigger use of cash is spending on new assets, at 1.7× depreciation over three years. The next section checks what that spending is building. ## Where does Bharti Airtel's cash go? Bharti Airtel Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 14 days in FY26, up from 13 days in FY21. It spent ₹2,30,275 Cr on assets over the last 3 years. At FY26 sales of ₹2,10,973 Cr, each day of that cycle ties up about ₹578 Cr, so roughly ₹8,092 Cr is tied up in the business at any time. Spending on assets: ₹2,30,275 Cr over the last 3 years, against ₹1,37,819 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹12,938 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Bharti Airtel's P/E ratio, and how does it compare with its own history? Bharti Airtel Ltd's P/E is 41.3×, near the low end of its own history: it has been lower only 27% of the time. Its usual P/E (the middle reading) is 58.7×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹48.65. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved −25.6% while the price moved +3.3%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +24.1% a year; about +93.3% a year came from earnings growth and about −69.2 percentage points from the multiple (the market paying less); over 10 years the price moved +22.3% a year; about +16.0% a year came from earnings growth and about +6.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Bharti Airtel business getting better or worse? Bharti Airtel Ltd's business is giving mixed signals. Profit and EPS growth are shrinking while ROCE is still rising at 19.3%, so growth and returns point different ways. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Bharti Airtel earn on its capital? Bharti Airtel Ltd earned a ROCE of 18% in FY26. That is up from a low of 3% in FY19. Its return on capital used (ROIC) is 3.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 16.0% net margin and 0.39× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 16.0% net margin × 0.39× asset turnover × 3.66× leverage (assets divided by equity) ≈ 22.8% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 15.1% − 12.0% = +3.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 15.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 14.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Bharti Airtel have too much debt? Bharti Airtel Ltd has total debt of ₹2,01,480 Cr against shareholder equity of ₹2,00,647 Cr as of Jun 2026, so its debt is 1.00× its equity. Year by year, that ratio went from 1.81 in FY22 to 1.00 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Bharti Airtel shareholding pattern? Promoters cut their stake in Bharti Airtel Ltd by 3.1 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 50.1% of the company. Domestic institutions moved +2.9 points over the same period, to 21.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −3.1 points over 8 quarters, to 50.1%; Domestic institutions: +2.9 points over 8 quarters, to 21.6%; Foreign institutions: +0.4 points over 8 quarters, to 25.4%. Why the owners changed: promoters drove it (−3.1 points), with the other side taken by domestic institutions (+2.9 points). They reduced their stake. ## How far is Bharti Airtel from balance-sheet trouble? For Bharti Airtel Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Bharti Airtel rank in its industry? 75.1 out of 100, rank 1 of 16 in Telecom Services, with 89% of the evidence available. Bharti Airtel Ltd scores 75.1 out of 100 against the 16 companies it is compared with in Telecom Services, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 20.6 + 21.4 + 15.1 + 18 = 75.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Bharti Airtel compared with? Bharti Airtel ranks 1 of 16 Telecom Services companies on the 4-Factor Sector Score, with 75.1 out of 100. 1. Bharti Airtel Ltd this page BHARTIARTL · turning · Most evidence points up · 89% evidence 75.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Revenue 19.6% · Profit -9.4% · Operating margin change 1 points · 88% evidence Capital efficiency 21.4/25 · ROCE 17.6% · Operating margin 57% · 100% evidence Valuation 15.1/20 · P/E 39.4× · PEG 0.69 · 65% evidence Relative strength 18.0/20 · Lead over its industry 8.8% · Lead over NIFTY 500 7.5% · 1 year -3.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 20.6 + 21.4 + 15.1 + 18 = 75.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Bharti Hexacom Ltd](https://www.sectoralpha.in/stocks/bharti-hexacom-ltd) BHARTIHEXA · breaking out · Most evidence points up · 74% evidence 69.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 7.9% · Profit 32.8% · Operating margin change 2 points · 88% evidence Capital efficiency 21.2/25 · ROCE 21.4% · Operating margin 53% · 100% evidence Valuation 12.1/20 · P/E 44.3× · PEG 1.18 · 65% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 7.5% · 1 year -12.1% · 25% evidence · 5 of 12 weeks ahead Exact sum: 24.3 + 21.2 + 12.1 + 12 = 69.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [HFCL Ltd](https://www.sectoralpha.in/stocks/hfcl-ltd) HFCL · leader · Most evidence points up · 75% evidence 69.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.0/35 · Revenue 100% · Profit 100% · Operating margin change 7 points · 95% evidence Capital efficiency 12.8/25 · ROCE 10.8% · Operating margin 25% · 76% evidence Valuation 9.8/20 · P/E 40.8× · PEG n/a · 15% evidence Relative strength 16.9/20 · Lead over its industry 78% · Lead over NIFTY 500 70.2% · 1 year 214.7% · 100% evidence · 10 of 12 weeks ahead Exact sum: 30 + 12.8 + 9.8 + 16.9 = 69.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [ADC India Communications Ltd](https://www.sectoralpha.in/stocks/adc-india-communications-ltd) KRONECOMM · breaking out · Evidence leans up · 78% evidence 58.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 19% · Profit 0.3% · Operating margin change 4 points · 83% evidence Capital efficiency 18.1/25 · ROCE 31.4% · Operating margin 17.1% · 76% evidence Valuation 6.4/20 · P/E 44.7× · PEG n/a · 50% evidence Relative strength 17.4/20 · Lead over its industry 28.7% · Lead over NIFTY 500 24.8% · 1 year 41.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 16.9 + 18.1 + 6.4 + 17.4 = 58.8 · What this means: Relative strength against the index is 24.8%, and revenue and profit growth are weak. 5. [Indus Towers Ltd](https://www.sectoralpha.in/stocks/indus-towers-ltd) INDUSTOWER · turning · Evidence leans up · 100% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.6/35 · Revenue 5.3% · Profit -24% · Operating margin change -2 points · 100% evidence Capital efficiency 20.1/25 · ROCE 19.5% · Operating margin 54% · 100% evidence Valuation 16.8/20 · P/E 14× · PEG 0.46 · 100% evidence Relative strength 10.6/20 · Lead over its industry -2.5% · Lead over NIFTY 500 -3.5% · 1 year 4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 8.6 + 20.1 + 16.8 + 10.6 = 56.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 6. [Tata Communications Ltd](https://www.sectoralpha.in/stocks/tata-communications-ltd) TATACOMM · turning · Evidence leans up · 93% evidence 55.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 9.1% · Profit -34% · Operating margin change 2 points · 100% evidence Capital efficiency 17.0/25 · ROCE 14.6% · Operating margin 21% · 100% evidence Valuation 7.9/20 · P/E 39.4× · PEG 2.22 · 65% evidence Relative strength 15.1/20 · Lead over its industry 4.3% · Lead over NIFTY 500 2.4% · 1 year -10.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.9 + 17 + 7.9 + 15.1 = 55.9 · What this means: Relative strength against the index is 2.4%, and revenue and profit growth are weak. 7. [Tata Teleservices (Maharashtra) Ltd](https://www.sectoralpha.in/stocks/tata-teleservices-maharashtraltd) TTML · basing · Evidence leans up · 74% evidence 50.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue -0.7% · Profit 100% · Operating margin change 4 points · 74% evidence Capital efficiency 17.9/25 · ROCE 55.6% · Operating margin 53% · 100% evidence Valuation 8.7/20 · P/E 182.8× · PEG n/a · 15% evidence Relative strength 6.9/20 · Lead over its industry -13.6% · Lead over NIFTY 500 -14.6% · 1 year -37.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17 + 17.9 + 8.7 + 6.9 = 50.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Suyog Telematics Ltd](https://www.sectoralpha.in/stocks/suyog-telematics-ltd) SUYOG · quiet · Evidence leans down · 78% evidence 48.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.0/35 · Revenue 11.4% · Profit 50% · Operating margin change -1 points · 83% evidence Capital efficiency 16.2/25 · ROCE 14.4% · Operating margin 60% · 76% evidence Valuation 12.6/20 · P/E 8.7× · PEG n/a · 50% evidence Relative strength 0.0/20 · Lead over its industry -33.1% · Lead over NIFTY 500 -34.4% · 1 year -42.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20 + 16.2 + 12.6 + 0 = 48.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Vodafone Idea Ltd](https://www.sectoralpha.in/stocks/vodafone-idea-ltd) IDEA · quiet · Evidence leans down · 71% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.5/35 · Revenue 3.3% · Profit 100% · Operating margin change 1 points · 65% evidence Capital efficiency 6.1/25 · ROCE -1.7% · Operating margin 43% · 100% evidence Valuation 11.3/20 · P/E 3.6× · PEG n/a · 15% evidence Relative strength 11.3/20 · Lead over its industry 5.8% · Lead over NIFTY 500 3.3% · 1 year 35.5% · 100% evidence · 2 of 12 weeks ahead Exact sum: 18.5 + 6.1 + 11.3 + 11.3 = 47.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [NELCO Ltd](https://www.sectoralpha.in/stocks/nelco-ltd) NELCO · quiet · Evidence leans down · 68% evidence 39.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.5/35 · Revenue 6.2% · Profit -7.5% · Operating margin change 1.5 points · 100% evidence Capital efficiency 8.7/25 · ROCE 7.2% · Operating margin 11.6% · 100% evidence Valuation 8.5/20 · P/E 254× · PEG n/a · 15% evidence Relative strength 9.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -8% · 1 year -22.5% · 25% evidence · 7 of 12 weeks ahead Exact sum: 13.5 + 8.7 + 8.5 + 9.1 = 39.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [GTL Infrastructure Ltd](https://www.sectoralpha.in/stocks/gtl-infrastructure-ltd) GTLINFRA · basing · Too little evidence to rank firmly · 56% evidence 39.3 out of 100 Growth Capital Valuation Relative
12. [ITI Ltd](https://www.sectoralpha.in/stocks/iti-ltd) ITI · quiet · Most evidence points down · 71% evidence 34.2 out of 100 Growth Capital Valuation Relative
13. [Tejas Networks Ltd](https://www.sectoralpha.in/stocks/tejas-networks-ltd) TEJASNET · basing · Most evidence points down · 71% evidence 28.6 out of 100 Growth Capital Valuation Relative
14. [OnMobile Global Ltd](https://www.sectoralpha.in/stocks/onmobile-global-ltd) ONMOBILE · basing · Most evidence points down · 65% evidence 25.3 out of 100 Growth Capital Valuation Relative
15. [Sar Televenture Ltd](https://www.sectoralpha.in/stocks/sar-televenture-ltd) SARTELE · Too little evidence to rank firmly · 39% evidence 58.7 out of 100 Growth Capital Valuation Relative
16. [Mahanagar Telephone Nigam Ltd](https://www.sectoralpha.in/stocks/mahanagar-telephone-nigam-ltd) MTNL · basing · Too little evidence to rank firmly · 46% evidence 37.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Telecom Services](https://www.sectoralpha.in/sectors/telecom-services), all 16 compared on one page. ## Which companies are close to Bharti Airtel in size? Bharti Airtel is the largest of 16 Telecom Services companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Vodafone Idea, Indus Towers, Bharti Hexacom, Tata Communications, HFCL and ITI. ### Telecom Services companies close in size

1. Bharti Airtel Ltd ₹12,31,907 crore
2. [Vodafone Idea Ltd](https://www.sectoralpha.in/stocks/vodafone-idea-ltd) ₹1,28,170 crore
3. [Indus Towers Ltd](https://www.sectoralpha.in/stocks/indus-towers-ltd) ₹99,802 crore
4. [Bharti Hexacom Ltd](https://www.sectoralpha.in/stocks/bharti-hexacom-ltd) ₹81,810 crore
5. [Tata Communications Ltd](https://www.sectoralpha.in/stocks/tata-communications-ltd) ₹47,763 crore
6. [HFCL Ltd](https://www.sectoralpha.in/stocks/hfcl-ltd) ₹35,401 crore
7. [ITI Ltd](https://www.sectoralpha.in/stocks/iti-ltd) ₹20,799 crore

[All 16 Telecom Services companies, largest first](https://www.sectoralpha.in/sectors/telecom-services#all-companies)

### Companies close in size in other industries

1. [Reliance Industries Ltd](https://www.sectoralpha.in/stocks/reliance-industries-ltd) ₹15,76,405 crore · Refineries
2. Bharti Airtel Ltd ₹12,31,907 crore
3. [HDFC Bank Ltd](https://www.sectoralpha.in/stocks/hdfc-bank-ltd) ₹10,68,834 crore · Banks - Private
4. [ICICI Bank Ltd](https://www.sectoralpha.in/stocks/icici-bank-ltd) ₹10,03,901 crore · Banks - Private
5. [Tata Consultancy Services Ltd](https://www.sectoralpha.in/stocks/tata-consultancy-services-ltd) ₹9,05,463 crore · IT - Software

## What else do people ask about Bharti Airtel? ### What is Bharti Airtel's share price today? Bharti Airtel Ltd's share price is ₹2,067.60, +3.3% over the past year. The whole company is worth ₹12,90,320 Cr on the market. In the last 52 weeks it traded between ₹1,741 to ₹2,163; today it is 77% of the way up from the low, 9.6% above its 200-day average (as of 4 November 2026). ### What were Bharti Airtel's latest quarterly results? Bharti Airtel Ltd reported revenue of ₹58,539 Cr and net profit of ₹10,012 Cr for the Jun 2026 quarter. Revenue rose 18.3% and profit rose 34.9% compared with a year earlier. Earnings per share were ₹13.09. The operating margin was 57.0%, 1.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is Bharti Airtel's market cap? Bharti Airtel Ltd's market capitalisation is ₹12,90,320 Cr at a share price of ₹2,067.60. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Bharti Airtel performing? Bharti Airtel Ltd's share price has been falling for 4 weeks. In its latest quarter, revenue rose 18.3% and profit rose 34.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 5 weeks running (as of 4 November 2026). ### Will Bharti Airtel's share price go up? This page does not forecast Bharti Airtel Ltd's share price. What it shows instead: the share price is ₹2,067.60, and it has been falling for 4 weeks. Its P/E of 41.3× is higher than 27% of its own last 11 years (as of 4 November 2026). ### Does Bharti Airtel have too much debt? Yes, Bharti Airtel Ltd has a lot of debt: its debt is 1.31× its equity, and its operating profit is 5 times its interest bill. FY26 borrowings were ₹1,95,412 Cr against equity of ₹1,49,057 Cr. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026). ### Where is Bharti Airtel in its business cycle? Bharti Airtel Ltd's FY26 operating margin was 55.0%, against a 13-year range of 31.0% to 55.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 57.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Bharti Airtel story? The main question: the share price moved +3.3% in a year while yearly earnings per share moved −25.6%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Bharti Airtel a stock worth studying right now? What the numbers show: Bharti Airtel Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Bharti Airtel share price forecast for 2026? What management itself guided: Airtel Money preparing for a London listing in H2 2026. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- AI & data centre stocks: https://www.sectoralpha.in/ai-stocks-india

This is research, not advice. We’re not SEBI-registered.