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Bharti Airtel Valuation Multiples

Discover revenue and EBITDA valuation multiples for Bharti Airtel and similar public comparables like Intracom Holdings, Telstra, and Service Stream.

Bharti Airtel Overview

About Bharti Airtel

Bharti Airtel Ltd is a telecommunications company. The company's segment includes Mobile Services India; Mobile Services Africa; Mobile Services South Asia; Airtel Business; Tower Infrastructure Services; Homes Services; Digital TV Services and others. It generates maximum revenue from the Mobile Services India segment. Mobile Services India services cover voice and data telecom services provided through wireless technology (2G /3G/4G) in India. It includes the captive national long distance networks which provide connectivity to the mobile services business in India. It also includes intra-city fibre networks.


Founded

1995

HQ

India
Employees

23.6K+

Website

airtel.in

Financials

LTM Revenue $20.4B

LTM EBITDA $10.9B

EV

$141B

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Bharti Airtel Financials

Bharti Airtel has a last 12-month revenue of $20.4B and a last 12-month EBITDA of $10.9B.

In the most recent fiscal year, Bharti Airtel achieved revenue of $17.4B and an EBITDA of $7.9B.

Bharti Airtel expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Bharti Airtel P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $16.2B $17.4B XXX XXX XXX
Gross Profit $8.3B $10.2B XXX XXX XXX
Gross Margin 51% 59% XXX XXX XXX
EBITDA $7.8B $7.9B XXX XXX XXX
EBITDA Margin 48% 45% XXX XXX XXX
Net Profit $494M $969M XXX XXX XXX
Net Margin 3% 6% XXX XXX XXX
Net Debt $14.7B $18.4B XXX XXX XXX

Financial data powered by Morningstar, Inc.

Bharti Airtel Stock Performance

As of April 15, 2025, Bharti Airtel's stock price is INR 1728 (or $20).

Bharti Airtel has current market cap of INR 10.52T (or $122B), and EV of INR 12.14T (or $141B).

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Bharti Airtel Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$141B $122B XXX XXX XXX XXX $0.46

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Bharti Airtel Valuation Multiples

As of April 15, 2025, Bharti Airtel has market cap of $122B and EV of $141B.

Bharti Airtel's trades at 6.9x LTM EV/Revenue multiple, and 12.9x LTM EBITDA.

Analysts estimate Bharti Airtel's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

See valuation multiples for Bharti Airtel and 10K+ public comps

Bharti Airtel Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $141B XXX XXX XXX
EV/Revenue 7.2x XXX XXX XXX
EV/EBITDA 14.0x XXX XXX XXX
P/E 51.2x XXX XXX XXX
P/E/Growth 1.4x XXX XXX XXX
EV/FCF 29.7x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Bharti Airtel Valuation Multiples

Bharti Airtel's NTM/LTM revenue growth is 17%

Bharti Airtel's revenue per employee for the last fiscal year averaged $0.7M, while opex per employee averaged $0.3M for the same period.

Over next 12 months, Bharti Airtel's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Bharti Airtel's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Bharti Airtel Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 8% XXX XXX XXX XXX
EBITDA Margin 52% XXX XXX XXX XXX
EBITDA Growth 1% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 69% XXX XXX XXX XXX
Revenue per Employee $0.7M XXX XXX XXX XXX
Opex per Employee $0.3M XXX XXX XXX XXX
S&M Expenses to Revenue 5% XXX XXX XXX XXX
G&A Expenses to Revenue 0% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 38% XXX XXX XXX XXX

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Bharti Airtel Public Comps

See public comps and valuation multiples for Telecom Infrastructure and Telecom Service Providers comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Macquarie Technology Group XXX XXX XXX XXX XXX XXX
Superloop XXX XXX XXX XXX XXX XXX
Service Stream XXX XXX XXX XXX XXX XXX
Telstra XXX XXX XXX XXX XXX XXX
Intracom Holdings XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Bharti Airtel M&A and Investment Activity

Bharti Airtel acquired  XXX companies to date.

Last acquisition by Bharti Airtel was  XXXXXXXX, XXXXX XXXXX XXXXXX . Bharti Airtel acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Bharti Airtel

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Bharti Airtel

When was Bharti Airtel founded? Bharti Airtel was founded in 1995.
Where is Bharti Airtel headquartered? Bharti Airtel is headquartered in India.
How many employees does Bharti Airtel have? As of today, Bharti Airtel has 23.6K+ employees.
Who is the CEO of Bharti Airtel? Bharti Airtel's CEO is Mr. Gopal Vittal.
Is Bharti Airtel publicy listed? Yes, Bharti Airtel is a public company listed on NSE.
What is the stock symbol of Bharti Airtel? Bharti Airtel trades under BHARTIARTL ticker.
When did Bharti Airtel go public? Bharti Airtel went public in 2002.
Who are competitors of Bharti Airtel? Similar companies to Bharti Airtel include e.g. Macquarie Technology Group, Superloop, Service Stream, Telstra.
What is the current market cap of Bharti Airtel? Bharti Airtel's current market cap is $122B
What is the current revenue of Bharti Airtel? Bharti Airtel's last 12-month revenue is $20.4B.
What is the current EBITDA of Bharti Airtel? Bharti Airtel's last 12-month EBITDA is $10.9B.
What is the current EV/Revenue multiple of Bharti Airtel? Current revenue multiple of Bharti Airtel is 6.9x.
What is the current EV/EBITDA multiple of Bharti Airtel? Current EBITDA multiple of Bharti Airtel is 12.9x.
What is the current revenue growth of Bharti Airtel? Bharti Airtel revenue growth between 2023 and 2024 was 8%.
Is Bharti Airtel profitable? Yes, Bharti Airtel is EBITDA-positive (as of the last 12 months).

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