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| 01 March, 2021, 03:49 PM IST | E-Paper
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Bharti Airtel Ltd.

  • 532.20-24.10 (-4.33%)
  • Volume: 5,40,75,447
  • Closed
  • Last Updated On: 03:50 PM IST
OPEN TRADING A/C
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  • Technicals
  • Peers
  • Shareholdings
  • MF
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Insights

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  • The price wars are still continuing. Till the time they stop, average revenue per user (ARPU) might not see any significant improvement

  • The requirement of big capital expenditure for moving to 5G network might be a trouble spot in the near term

  • The possibility of windfall market-share gain is ruled out after Vodafone’s survival risk has been seen to be over for the time being.

  • It had been a case of mis-allocation of capital. Though things have settled largely and are operationally better, still one or the other issue keeps cropping up. Will the company be able to get over this? That needs to be watched.

InsightsBharti Airtel Ltd.

  • Price wars continues

    The price wars are still continuing. Till the time they stop, average revenue per user (ARPU) might not see any significant improvement

  • Another round of capital expenditure ?

    The requirement of big capital expenditure for moving to 5G network might be a trouble spot in the near term

  • Three players market

    The possibility of windfall market-share gain is ruled out after Vodafone’s survival risk has been seen to be over for the time being.

  • Airtel Africa:

    It had been a case of mis-allocation of capital. Though things have settled largely and are operationally better, still one or the other issue keeps cropping up. Will the company be able to get over this? That needs to be watched.

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Key Metrics

  • PE Ratio

    PE Ratio

    This is a ratio arrived at by dividing the current market price of a stock by its latest (annual or annualized) earnings per share. Here we have taken the TTM (trailing twelve months) adjusted earnings per share.

    (x)
    -13.77
  • EPS - TTM

    EPS - TTM

    Earnings per share (TTM) tells the profit after tax earned on a per share basis by a stock over the last twelve months or four quarters.

    (₹)
    -38.64
  • MCap

    MCap

    MCap or Market capitalization of a stock is calculated by multiplying the total number of shares outstanding of that particular stock with its current market price.

    (₹ Cr.)
    2,90,236
  • Sectoral MCap Rank

    Sectoral MCap Rank

    This is the ranking of a company within its sector based on MCap or Market capitalization. Higher the market capitalization of a company, higher the rank it is assigned.

    1
  • PB Ratio

    PB Ratio

    Price to Book represents the ratio of current market price of a stock to its book value per share. The book value itself is arrived at by dividing the net worth of a company by the total number of shares outstanding of the company at that time.

    (x)
    2.97
  • Div Yield

    Dividend Yield

    Dividend Yield calculates the amount of full year dividend declared by a company as a percentage of the current market price of a stock. All other things being equal, higher the dividend yield of the stock, the better it is for investors.

    (%)
    0.38
  • Face Value

    Face Value

    Face value of a stock is the value ascribed to the stock as per the balance sheet of the company. The dividend declared by a company is usually declared as a percentage of face value.

    (₹)
    5.00
  • Beta

    Beta

    1 Month1.00
    3 Months1.12
    6 Months1.15
    1 Year1.22
    3 Years1.01

    1.00
  • VWAP

    VWAP

    Volume Weighted Average Price represents the average price of a security over a particular time period (example one trading day) weighted by the volume traded at each price point.

    (₹)
    532.75
  • 52W H/L

    52W H/L

    This represents the 52 week high and low price of the security. It is also the 1 year high and low of the security. This represents the highest and lowest price touched by the security during the past 52 weeks or 1 year including today.

    (₹)
    623.00 / 361.75

Returns

  • 1 Day-4.33%
  • 1 Week-6.68%
  • 1 Month-8.11%
  • 3 Months11.0%
  • 1 Year1.66%
  • 3 Years24.42%
  • 5 Years65.95%

Financials

  • Income (P&L)
  • Balance Sheet
  • Cash Flow
  • Ratios
  • MD&A
  • Insights

    • PAT: Entering the Green

      Company has posted a profit of Rs 853.6 cr in Dec 31, 2020 quarter after 3 consecutive quarter of losses. (Source: Consolidated Financials)
    • Employee & Interest Expense

      Company has spent 15.98% of its operating revenues towards interest expenses and 4.35% towards employee cost in the year ending Mar 31, 2020. (Source: Consolidated Financials)
    Quarterly | AnnualDec 2020Sep 2020Jun 2020Mar 2020Dec 2019
    Total Income26,567.0025,933.9024,419.2023,822.1022,021.60
    Total Income Growth (%)2.446.202.518.183.88
    Total Expenses26,527.8021,613.4032,503.3027,433.5020,387.50
    Total Expenses Growth (%)22.74-33.5018.4834.56-59.18
    EBIT39.204,320.50-8,084.10-3,611.401,634.10
    EBIT Growth (%)-99.09---321.00-
    Profit after Tax (PAT)853.60-763.20-15,933.10-5,237.00-1,035.30
    PAT Growth (%)-----
    EBIT Margin (%)0.1516.66-33.11-15.167.42
    Net Profit Margin (%)3.21-2.94-65.25-21.98-4.70
    Basic EPS (₹)1.57-1.40-29.22-9.69-2.02
    Quarterly | AnnualDec 2020Sep 2020Jun 2020Mar 2020Dec 2019
    Total Income17,016.7016,398.1015,660.1015,088.2013,552.30
    Total Income Growth (%)3.774.713.7911.333.61
    Total Expenses18,893.0014,693.9025,809.6022,005.6016,247.80
    Total Expenses Growth (%)28.58-43.0717.2935.44-63.26
    EBIT-1,876.301,704.20-10,149.50-6,917.40-2,695.50
    EBIT Growth (%)-210.10----
    Profit after Tax (PAT)-8,346.10-846.00-16,461.80-6,882.90-3,388.10
    PAT Growth (%)-----
    EBIT Margin (%)-11.0310.39-64.81-45.85-19.89
    Net Profit Margin (%)-49.05-5.16-105.12-45.62-25.00
    Basic EPS (₹)-15.30-1.55-30.17-12.73-6.60
    Quarterly | Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Total Revenue89,473.6082,159.3083,936.7095,588.9096,619.20
    Total Revenue Growth (%)8.90-2.12-12.19-1.07-1.61
    Total Expenses92,738.1087,175.5080,937.5087,740.8087,013.60
    Total Expenses Growth (%)6.387.71-7.750.840.24
    Profit after Tax (PAT)-32,183.20409.501,099.003,799.806,076.70
    PAT Growth (%)-7,959.15-62.74-71.08-37.4731.51
    Operating Profit Margin (%)12.256.9313.1816.2617.11
    Net Profit Margin (%)-36.760.501.303.976.29
    Basic EPS (₹)-63.410.962.759.5115.21
    Quarterly | Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Total Revenue56,559.6052,238.7053,898.6062,460.6060,473.20
    Total Revenue Growth (%)8.27-3.08-13.713.29-0.36
    Total Expenses66,038.7060,287.5053,975.7053,699.3049,538.90
    Total Expenses Growth (%)9.5411.690.518.4010.00
    Profit after Tax (PAT)-36,088.20-1,869.2079.20-9,925.607,780.30
    PAT Growth (%)--2,460.10--227.57-41.06
    Operating Profit Margin (%)3.65-0.409.3018.7421.40
    Net Profit Margin (%)-66.43-3.760.14-15.9312.90
    Basic EPS (₹)-71.08-4.360.20-24.8419.46

    All figures in Rs Cr, unless mentioned otherwise

  • Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Total Assets3,60,779.002,75,156.002,50,581.602,33,265.202,25,723.20
    Total Assets Growth (%)31.129.817.423.3423.73
    Total Liabilities2,58,649.501,90,208.001,72,233.301,58,933.901,53,455.80
    Total Liabilities Growth (%)35.9810.448.373.5713.03
    Total Equity1,02,129.5084,948.0078,348.3074,331.3072,267.40
    Total Equity Growth (%)20.238.425.402.8654.86
    Current Ratio (x)0.580.350.430.290.39
    Total Debt to Equity (x)1.521.691.411.521.50
    Contingent Liabilities35,221.9036,951.6039,623.4037,064.3028,229.70
    Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Total Assets3,00,372.802,22,907.502,04,937.301,91,637.601,85,028.00
    Total Assets Growth (%)34.758.776.943.5746.36
    Total Liabilities1,98,943.601,24,601.601,02,076.4090,430.3073,298.90
    Total Liabilities Growth (%)59.6622.0712.8823.3752.23
    Total Equity1,01,075.0098,305.901,02,860.901,01,207.301,11,729.10
    Total Equity Growth (%)2.82-4.431.63-9.4242.74
    Current Ratio (x)0.630.320.490.470.41
    Total Debt to Equity (x)0.810.850.610.560.38
    Contingent Liabilities12,840.4019,352.7031,187.0027,419.4010,790.00

    All figures in Rs Cr, unless mentioned otherwise

  • Insights

    • Increase in Cash from Investing

      Company has used Rs 30491.9 cr for investing activities which is an YoY increase of 6.99%. (Source: Consolidated Financials)
    Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Net Cash flow from Operating Activities18,128.7020,070.2029,853.8028,279.9027,942.30
    Net Cash used in Investing Activities-30,491.90-28,500.90-27,967.60-30,604.40-14,225.70
    Net Cash flow from Financing Activities19,144.409,463.801,920.50-351.40-11,946.10
    Net Cash Flow7,674.601,248.403,834.80-2,751.501,904.80
    Closing Cash & Cash Equivalent13,053.905,379.302,846.80-988.001,763.50
    Closing Cash & Cash Equivalent Growth (%)142.6788.96-388.14-156.0247.27
    Total Debt/ CFO (x)6.496.013.283.633.60
    Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Net Cash flow from Operating Activities4,026.4010,812.1015,954.3021,165.5019,449.90
    Net Cash used in Investing Activities-22,271.50-20,455.90-19,441.60-24,283.20-21,989.30
    Net Cash flow from Financing Activities21,114.109,397.603,867.703,455.701,898.40
    Net Cash Flow2,869.00-246.20380.40338.00-641.00
    Closing Cash & Cash Equivalent3,039.70170.70462.6082.20-255.80
    Closing Cash & Cash Equivalent Growth (%)1,680.73-63.10462.77-132.13-165.81
    Total Debt/ CFO (x)20.467.753.922.692.17

    All figures in Rs Cr, unless mentioned otherwise

  • Insights

    • Passing Profits to Shareholders

      Company has consistently declining ROE in last 5 years. Majority of profits last year were disbursed as dividends to shareholders. (Source: Consolidated Financials)
    Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Return on Equity (%)-41.710.571.585.639.10
    Return on Capital Employed (%)4.673.076.429.159.88
    Return on Assets (%)-8.920.140.431.622.69
    Interest Coverage Ratio (x)0.770.531.372.022.39
    Asset Turnover Ratio (x)24.2629.3533.4940.9742.76
    Price to Earnings (x)-7.47333.33147.0636.9023.09
    Price to Book (x)3.121.862.292.072.10
    EV/EBITDA (x)9.569.628.566.927.10
    EBITDA Margin (%)43.8833.3636.1136.9435.18
    Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Return on Equity (%)-35.70-1.900.07-9.806.96
    Return on Capital Employed (%)0.95-0.123.097.498.21
    Return on Assets (%)-12.01-0.830.03-5.174.20
    Interest Coverage Ratio (x)0.17-0.030.984.016.54
    Asset Turnover Ratio (x)18.0822.2526.1832.4932.58
    Price to Earnings (x)-6.66-71.432,500.00-14.1018.05
    Price to Book (x)2.381.351.551.381.26
    EV/EBITDA (x)14.2714.5212.288.238.11
    EBITDA Margin (%)41.1930.0733.6138.3437.28
  • MANAGEMENT DISCUSSION AND ANALYSIS (FY 2019-20)

    • Turbulent past - future tense

      The sector has gone through turbulent times for past 30 months with industry revenue collapsing, unprecedented capex by the surviving players, and explosion of data and voice usage.

    • Second highest internet user in the world

      India’s internet user base has grown rapidly over this period, propelled by the decreasing cost and increasing availability of smartphones and high-speed connectivity at affordable prices. With this, India has become the second largest telecommunication market and has the second highest number of internet users in the world.

    • Consolidation over- will pricing power come back?

      Post the phase of aggressive price competition, last few years have been marked by consolidation in the industry, with the structure changing from more than 8 value players to now a structure of three private and one government operator.

Financial InsightsBharti Airtel Ltd.

  • Income (P&L)
  • Cash Flow
  • Ratios
    • PAT: Entering the Green

      Company has posted a profit of Rs 853.6 cr in Dec 31, 2020 quarter after 3 consecutive quarter of losses. (Source: Consolidated Financials)

    • Employee & Interest Expense

      Company has spent 15.98% of its operating revenues towards interest expenses and 4.35% towards employee cost in the year ending Mar 31, 2020. (Source: Consolidated Financials)

    • Increase in Cash from Investing

      Company has used Rs 30491.9 cr for investing activities which is an YoY increase of 6.99%. (Source: Consolidated Financials)

    • Passing Profits to Shareholders

      Company has consistently declining ROE in last 5 years. Majority of profits last year were disbursed as dividends to shareholders. (Source: Consolidated Financials)

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Technicals

  • Buy / Sell Signals
  • Price Analysis
  • Pivot Levels & ATR
  • Chart
  • Bullish / Bearish signals for Bharti Airtel Ltd. basis selected technical indicators and moving average crossovers.

    Stochastic Crossover

    Bearish signal on weekly chart

    Appeared on: 26 Feb 2021

    Region: Equlibrium

    Last 4 Sell Signals:22 Jan 2021
    Date7 weeks Gain/Loss %
    22 Jan 2021-4.79%
    9 Oct 2020-7.34%
    25 Sep 2020-4.89%
    26 Jun 2020-3.10%

    Average price decline of -6.89% within 7 weeks of Bearish signal in last 10 years

    5 Day EMA Crossover

    Bearish signal on daily chart

    Appeared on: 26 Feb 2021

    5D EMA: 569.90

    Last 4 Sell Signals:18 Feb 2021
    Date7 days Gain/Loss %
    18 Feb 2021-4.25%
    12 Feb 20210.64%
    10 Feb 2021-0.20%
    5 Feb 20210.62%

    Average price decline of -2.75% within 7 days of Bearish signal in last 5 years

    50 Day EMA Crossover

    Bearish signal on daily chart

    Appeared on: 26 Feb 2021

    50D EMA: 560.77

    Last 4 Sell Signals:27 Nov 2020
    Date30 days Gain/Loss %
    27 Nov 2020-0.59%
    25 Nov 2020-0.86%
    3 Sep 2020-22.65%
    11 Aug 2020-7.82%

    Average price decline of -4.30% within 30 days of Bearish signal in last 5 years

    Show More
  • 45%
    Positive Movement since
    1st Jan 2005 on basis
    55%
    Negative Movement since
    1st Jan 2005 on basis
    Exclude
  • Pivot Levels

    R1R2R3PIVOTS1S2S3
    Classic556.78568.87590.72547.02534.93525.17503.32

    Average True Range

    5 DAYS14 DAYS28 DAYS
    ATR18.6018.1317.74

Peer Comparison

  • Stock Performance
  • Ratio Performance
  • Insights

    • Stock Returns vs Nifty 100

      Stock gave a 3 year return of 30.05% as compared to Nifty 100 which gave a return of 35.04%. (as of last trading session)
    • Stock Returns vs S&P BSE Telecom

      Stock generated 30.05% return as compared to S&P BSE Telecom which gave investors -2.57% return over 3 year time period. (as of last trading session)
    • 1D
    • 1W
    • 1M
    • 3M
    • 6M
    • 1Y
    • 5Y
  • Insights

    • Stock Returns vs Nifty 100

      Stock gave a 3 year return of 30.05% as compared to Nifty 100 which gave a return of 35.04%. (as of last trading session)
    • Stock Returns vs S&P BSE Telecom

      Stock generated 30.05% return as compared to S&P BSE Telecom which gave investors -2.57% return over 3 year time period. (as of last trading session)

    Ratio Performance

    NAMEP/E (x)P/B (x)ROE %ROCE %ROA %Rev CAGR [3Yr]OPMNPMBasic EPSCurrent RatioTotal Debt/ Equity (x)Total Debt/ CFO (x)
    Bharti Airtel-13.772.84-41.714.67-8.92-2.1612.25-35.77-63.410.581.526.49
    Tata Comm46.97-24.950.009.27-0.38-1.575.86-0.50-3.020.52-7.113.60
    Vodafone Idea-0.655.31-1,235.44-6.40-32.558.54-18.69-165.11-27.260.1716.1113.14
    Tata Tele-1.16-0.170.00-2.12-218.06-25.9722.02-346.83-19.000.05-0.52-29.66
    MTNL-0.34-0.060.00734.17-22.13-13.97-107.86-227.52-58.630.50-1.61-18.12
    Add More
    Annual Ratios (%)

    Choose from Peers

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    Peers InsightsBharti Airtel Ltd.

    • Stock Returns vs Nifty 100

      Stock gave a 3 year return of 30.05% as compared to Nifty 100 which gave a return of 35.04%. (as of last trading session)

    • Stock Returns vs S&P BSE Telecom

      Stock generated 30.05% return as compared to S&P BSE Telecom which gave investors -2.57% return over 3 year time period. (as of last trading session)

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    Shareholding Pattern

    • QOQ Change
    • Total Shareholdings
    • Showing Shareholding as on 31 Dec 2020
      Category31 Dec 202030 Sep 202030 Jun 202031 Mar 2020
      Promoters56.2356.2356.2358.98
      Pledge0.000.000.000.00
      FII19.4219.0520.1520.29
      DII20.1120.2518.3815.82
      Mutual Funds13.9514.3612.7910.57
      Others4.244.475.244.91
    • Showing Shareholding as on 31 Dec 2020
      CategoryNo. of SharesPercentage% Change QoQ
      Promoters3,06,75,81,20556.23 %0.00
      Pledge00.00 %0.00
      FII1,05,92,34,61619.42 %0.37
      DII1,09,72,36,15720.11 %-0.14
      MF76,11,65,29913.95 %-0.41
      Others23,15,05,3774.24 %-0.23

    MF Ownership

    MF Ownership as on 31 January 2021

    F&O Quote

    • Futures
    • Options
      • Expiry

      Price

      532.90-26.20 (-4.69%)

      OpenHighLowPrev CloseContracts TradedTurnover (₹ Lakhs)
      559.65560.80524.40559.1025,6922,55,622.43

    Corporate Actions

    • Board Meeting/AGM
    • Dividends
    • Others
    • Meeting DateAnnounced onPurposeDetails
      Feb 17, 2021Feb 12, 2021Board MeetingPreferential Issue of shares
      Feb 03, 2021Jan 20, 2021Board MeetingQuarterly Results
      Oct 27, 2020Oct 13, 2020Board MeetingQuarterly Results
      Sep 30, 2020May 19, 2020AGM-
      Aug 18, 2020May 19, 2020AGM-
    • TypeDividendDividend per ShareEx-Dividend DateAnnounced on
      Final40%2.0Aug 06, 2020May 19, 2020
      Interim50%2.5Nov 05, 2018Oct 25, 2018
      Final50%2.5Aug 02, 2018Apr 24, 2018
      Interim56%2.84Jan 30, 2018Jan 18, 2018
      Final20%1.0Jul 13, 2017May 12, 2017
    • All TypesEx-DateRecord DateAnnounced onDetails
      RightsApr 23, 2019Apr 24, 2019Feb 28, 2019Rights ratio: 19 share for every 67 held at a price of Rs 220.0
      SplitsJul 24, 2009-Apr 29, 2009Split: Old FV10.0| New FV:5.0

    About Bharti Airtel

    Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 290,344.76 Crore) operating in Telecommunications sector. Bharti Airtel Ltd. key Products/Revenue Segments include Service Revenue and Sale of Products for the year ending 31-Mar-2020. Show More

    • Executives
    • Auditors
    • BB

      Badal Bagri

      Chief Financial Officer
      CS

      Chua Sock Koong

      Non Executive Director
      CE

      Craig Edward Ehrlich

      Independent Director
      DK

      Dinesh Kumar Mittal

      Independent Director
      Show More
    • Deloitte Haskins & Sells LLP

    Key Indices Listed on

    Nifty 50, S&P BSE Sensex, Nifty 100, + 30 more

    Address

    Bharti Cresent,1, Nelson Mandela Road,New Delhi, Delhi - 110070

    Bharti Airtel Share Price Update

    Bharti Airtel Ltd. share price moved down by -4.33% from its previous close of Rs 556.30. Bharti Airtel Ltd. stock last traded price is 532.20

    Share PriceValue
    Today/Current/Last532.20
    Previous Day556.30

    Trending in Markets

    DATA SOURCES: TickerPlant (for live BSE/NSE quotes service) and Dion Global Solutions Ltd. (for corporate data, historical price & volume, F&O data). Sensex & BSE Quotes and Nifty & NSE Quotes are real-time and licensed from BSE and NSE respectively. All timestamps are reflected in IST (Indian Standard Time).

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