Bharti Airtel Key Ratios
NSE: BHARTIARTL | BSE: 532454
₹1,902.10
As on 26-Aug-2026IST
Market cap
₹11,88,940 Cr
Revenue (TTM)
₹2,20,049 Cr
P/E Ratio
41.1
P/B Ratio
6.4
Div. Yield
1.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 5.70 | 18.35 | 19.63 | 15.24 | 16.13 |
| EBIT | 6.83 | 24.03 | 31.35 | 24.02 | 30.84 |
| Net Profit | -13.17 | 40.87 | 9.61 | 34.53 | 36.76 |
| EPS | 8.88 | 27.63 | -20.87 | 48.51 | 88.54 |
| Book Value | -- | -- | 24.90 | 21.42 | 18.35 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 25.84 | 26.13 | 32.11 | 31.64 | 27.47 |
| Net Margin
| 12.52 | 11.75 | 16.13 | 15.81 | 21.46 |
| Return on equity
| 11.42 | 21.06 | 23.68 | 25.80 | 38.40 |
| Return on Capital
| 12.44 | 19.06 | -- | 25.05 | 24.26 |
| Return on Assets
| 3.91 | 4.50 | 6.76 | 6.62 | 8.20 |
| Debt to Equity (x)
| -- | -- | 0.67 | 0.82 | 1.31 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
--
|
25.05
|
24.26
|
14.81
|
16.21
|
|
Peer Median
|
--
|
23.03
|
15.72
|
16.21
|
--
|
ROE
23.68
Higher than Peers by 8.47
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
23.68
|
25.80
|
38.40
|
10.75
|
17.08
|
|
Peer Median
|
15.20
|
16.25
|
11.40
|
13.96
|
--
|
ROA
6.76
Higher than Peers by 1.80
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
6.76
|
6.62
|
8.20
|
2.01
|
3.19
|
|
Peer Median
|
4.95
|
6.62
|
2.87
|
3.31
|
--
|
EBIT Margin
32.11
Higher than Peers by 23.00
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
32.11
|
31.64
|
27.47
|
25.54
|
25.04
|
|
Peer Median
|
9.11
|
9.56
|
9.21
|
10.34
|
--
|
Net Margin
16.13
Higher than Peers by 7.59
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
16.13
|
15.81
|
21.46
|
5.64
|
8.77
|
|
Peer Median
|
8.54
|
7.97
|
5.64
|
8.77
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
--
|
41.02
|
48.01
|
32.07
|
35.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
19.63
Higher than Peers by 13.21
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
19.63
|
21.96
|
15.34
|
7.79
|
19.39
|
|
Peer Median
|
6.42
|
7.87
|
13.73
|
12.72
|
--
|
EBIT Growth
31.35
Higher than Peers by 13.41
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
31.35
|
40.51
|
24.04
|
9.94
|
42.54
|
|
Peer Median
|
17.93
|
24.44
|
22.80
|
14.71
|
--
|
Net Profit Growth
9.61
Lower than Peers by 2.46
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
9.61
|
-9.76
|
337.97
|
-30.35
|
47.95
|
|
Peer Median
|
12.08
|
-3.45
|
21.77
|
16.73
|
--
|
EPS Growth
-20.87
Lower than Peers by 37.20
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
-20.87
|
-24.28
|
345.75
|
-11.77
|
93.27
|
|
Peer Median
|
16.33
|
16.76
|
18.80
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
--
|
31.22
|
38.60
|
5.71
|
16.45
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.67
Higher than Peers by 0.67
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
0.67
|
0.82
|
1.31
|
1.86
|
2.14
|
|
Peer Median
|
0.00
|
0.00
|
0.16
|
0.06
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
--
|
0.05
|
0.20
|
0.09
|
0.07
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.52
Lower than Peers by 0.10
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
0.52
|
0.52
|
0.37
|
0.42
|
0.47
|
|
Peer Median
|
0.62
|
0.55
|
0.43
|
0.57
|
--
|
Quick Ratio
0.51
Lower than Peers by 0.09
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
0.51
|
0.51
|
0.37
|
0.42
|
0.47
|
|
Peer Median
|
0.60
|
0.55
|
0.57
|
1.20
|
--
|
Interest Coverage
3.18
Lower than Peers by 1.45
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
3.18
|
3.10
|
2.77
|
1.56
|
1.86
|
|
Peer Median
|
4.63
|
4.77
|
2.81
|
5.77
|
--
|
Operating Efficiency
Debtors to sales
3.63
Lower than Peers by 6.73
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
3.63
|
3.78
|
4.31
|
3.15
|
2.86
|
|
Peer Median
|
10.36
|
11.60
|
12.43
|
17.92
|
--
|
Asset Turnover
0.41
Higher than Peers by 0.01
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
0.41
|
0.41
|
0.38
|
0.35
|
0.36
|
|
Peer Median
|
0.40
|
0.50
|
0.45
|
0.70
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
--
|
13.35
|
12.85
|
10.60
|
10.54
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
--
|
0.91
|
0.86
|
0.76
|
0.83
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
--
|
4,350.59
|
5,741.71
|
3,120.12
|
3,379.84
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
--
|
-4,336.33
|
-5,727.99
|
-3,108.76
|
-3,368.47
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
41.12
Higher than Peers by 16.39
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
41.12
|
40.73
|
29.92
|
94.70
|
50.91
|
|
Peer Median
|
24.73
|
26.05
|
33.80
|
64.55
|
--
|
Price / Book Value
6.36
Higher than Peers by 5.19
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
6.36
|
7.31
|
8.85
|
8.64
|
5.49
|
|
Peer Median
|
1.17
|
3.87
|
6.95
|
6.31
|
--
|
Dividend Yield
1.26
Higher than Peers by 0.20
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
1.26
|
1.35
|
0.92
|
0.65
|
0.53
|
|
Peer Median
|
1.06
|
1.14
|
0.57
|
0.51
|
--
|
EV/EBITDA
9.97
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
9.97
|
9.62
|
11.99
|
10.57
|
7.99
|
|
Peer Median
|
--
|
18.62
|
32.90
|
29.01
|
--
|
Market Cap
11,88,940
Higher than Peers by 11,41,899
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharti Airtel
|
11,88,940
|
10,87,291
|
10,03,989
|
7,07,092
|
4,24,920
|
|
Peer Median
|
47,041
|
47,041
|
48,738
|
52,732
|
--
|