# Bharti Airtel (NSE: BHARTIARTL) share analysis

Canonical: https://vestmind.in/stocks/bharti-airtel  
Source: VestCall by Vestmind, price as of 14 October 2026.

> Bharti Airtel (NSE: BHARTIARTL) was trading at ₹1,808 on 14 October 2026. VestCall scores its business health 82/100 (strong). On valuation, the price sits in the “Valuation Premium” zone (₹1,754.06 and above) — above the modelled fair-value range. This is a reading of the evidence, not a buy or sell recommendation.

## Valuation zones

| Zone | Price band | Meaning |
| --- | --- | --- |
| Deeply Discounted | ₹1,544.04 – ₹1,630.15 | Furthest below the modelled fair-value range |
| Attractive Valuation | ₹1,630.15 – ₹1,708.92 | Below the modelled fair-value range |
| Fairly Valued | ₹1,708.92 – ₹1,754.06 | Inside the modelled fair-value range |
| Valuation Premium (current) | ₹1,754.06 and above | Above the modelled fair-value range |

## The case for and against

- Supports — Capital Allocation 100/100
- Supports — Shareholding Quality 95/100
- Supports — Growth 91/100
- Supports — Business Quality 83/100
- Supports — Management Stability 64/100
- Needs proof — Financial Strength 57/100

## Key ratios

| Ratio | Bharti Airtel | Sector median |
| --- | --- | --- |
| P/E | 21.13x | — |
| P/B | 0.31x | — |
| P/S | 0.23x | — |
| Return on equity (ROE) | 21.1% | — |
| Return on capital employed (ROCE) | 28.1% | — |
| Operating margin | 21.1% | — |
| Net margin | 15.8% | — |
| Current ratio | 0.4x | — |

## Bull, base and bear case (model outputs, not forecasts)

| Scenario | Modelled CAGR | Weight | Assumption |
| --- | --- | --- | --- |
| Bear | +5.0% | 18% | Growth decelerates to 9% and the multiple de-rates toward the cohort's trough. |
| Base | +25.0% | 55% | Earnings compound near the measured 25% and the multiple drifts toward its quality-adjusted warranted level. |
| Bull | +38.5% | 27% | Growth holds at 35% and the market pays the full premium the measured quality supports. |

## Questions

### Is Bharti Airtel overvalued or undervalued?

At ₹1,808, Bharti Airtel sits in VestCall’s “Valuation Premium” zone (₹1,754.06 and above): above the modelled fair-value range. Its valuation scores 56/100 (fair) against Unclassified peers. Zones describe where the price sits against modelled value; they are not an instruction to buy or sell.

### Is Bharti Airtel fundamentally strong?

VestCall scores Bharti Airtel’s business health 82/100 (strong). The strongest measured pillars are capital allocation and shareholding quality. The ones that need proof are financial strength. Each pillar is computed from reported financials, and a pillar whose inputs were not reported is excluded rather than scored as zero.

### What is Bharti Airtel’s P/E ratio?

Bharti Airtel trades at a P/E of 21.13x, on VestCall’s latest read. A multiple only means something against the business it buys: the quality-adjusted fair value on this page weighs it against Bharti Airtel’s returns and growth.

### What are the risks of investing in Bharti Airtel?

The review triggers VestCall watches for Bharti Airtel are: return on equity falls below the quality floor (roe below 15%); revenue growth falls below the thesis floor (revenue cagr below 8%); promoter holding drops materially (promoter holding below 47.07%, 3 points under the Mar 2026 filing). On the fundamentals, financial strength is the weakest measured pillar at 57/100. A trigger is a named condition that would change the reading, published so the case against the stock is as visible as the case for it.

### Is this a recommendation to buy or sell Bharti Airtel?

No. VestCall states where Bharti Airtel’s price sits against modelled value, what supports the case and what would break it, with every figure sourced. It does not issue buy, sell or hold calls or price targets. Vestmind is not a SEBI-registered investment adviser or research analyst, and nothing on this page is personalised investment advice.

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Vestmind is not a SEBI-registered investment adviser or research analyst. This is research for information, not a recommendation or personalised investment advice.