5722% Bumper Return; ₹1280 And ₹1400 Share Price Target; Better Than Expected Business
Bharti Airtel (NSE: BHARTIARTL) Stocks to Buy: After the third quarter (Q3FY24) results of Bharti Airtel stock, global brokerage houses have released their investment strategy.
The company’s results in the December 2023 quarter was good. Net profit has increased by 54 percent.
Whereas the income has also increased by 5.8 percent. There was a growth of 11.4 percent (YoY) in the company’s Indian business revenue.
In the past calendar year, the investors received over 40 percent return from this stock. This share has given 5722.14% return so far.
Bharti Airtel: Price Will Go Up To ₹1400
Global brokerage has advised to buy Bharti Airtel. In addition, the target price per share was raised from Rs 1280 up to 1400. Another Brokerage has given an ‘Equalweight’ rating to Airtel with a target of 1022 rupees.
The brokerage says that the performance has been stable. India Mobile business revenue and EBITDA were better than expected.
Cash flow is strong. Brokerage has given a “neutral” opinion about Bharti Airtel with a target of 1120 rupees.
Another has recommended buying with a target of 1275. On February 5, 2024, the share price closed at Rs 1116.
The price has risen by over 40 percent over 1 year. Whereas the stock has given around 25 percent return in 6 months.
Bharti Airtel: How Was The Q3 Results?
Bharti Airtel’s net profit in the third quarter (Q3FY24) has increased by 54 percent to Rs 2,442.2 crore. At the same time, the company’s income has increased by 5.8 percent.
At the same time, the revenue of Indian business has registered a growth of 11.4 percent on an annual basis in this quarter.
In the last quarter under review, Airtel’s revenue from its India business grew by 11.4 percent year-on-year, to Rs 2781 crore.
Airtel’s integrated operating income has increased by 5.8 percent on an annual basis to Rs 37,899.5 crore.
In the previous period of December 20, 2022, this number was 35,804.4 crore. The average earnings per customer (ARPU) of the company in the country has increased by 7.7 percent.
A year ago it was Rs 193, which has now increased to Rs 208. Airtel’s operating profit (Airtel Q3 Results EBITDA) in the third quarter stood at Rs 20,044 crore.
Airtel’s operating profit from Indian business was Rs 15 thousand crores.
About Bharti Airtel Ltd
Bharti Airtel Limited is an international telecommunications company. The company is a global company in telecommunications that is present through five different categories:
Mobile Services, Homes Services, Digital TV Services, Airtel Business, and South Asia. Its Mobile Services India segment includes data and voice telecom services made possible by wireless technology (2G 3G / 4G) within India.
Its Digital TV Services segment offers both high definition and standard (HD) television services, which include 3D capabilities as well as Dolby surround audio.
It provides 706 channels, including four HD channels, 86 HD channels international channels, and four interactive services.
Its Airtel Business segment is engaged in offering information and communication technology (ICT) services that offer various offerings for government agencies, enterprise carriers, and small and medium-sized businesses.
Fundamental Analysis of Bharti Airtel Ltd
| Market Cap | ₹ 6,66,313 Cr. |
| Current Price | ₹ 1,135.90 |
| 52-wk High | ₹ 1,201 |
| 52-wk Low | ₹736 |
| Stock P/E | 86.86 |
| Book Value | ₹ 138 |
| Dividend | 0.35 % |
| ROCE | 12.3 % |
| ROE | 12.0 % |
| Face Value | ₹ 5.00 |
| P/B Value | 8.23 |
| OPM | 52.3 % |
| EPS | ₹ 15.0 |
| Debt | ₹ 2,17,359 Cr. |
| Debt to Equity | 2.81 |
Bharti Airtel Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹1200 | ₹1400 |
| 2025 | ₹1435 | ₹1500 |
| 2026 | ₹1523 | ₹1560 |
| 2027 | ₹1590 | ₹1643 |
| 2028 | ₹1700 | ₹1800 |
| 2029 | ₹1900 | ₹2132 |
| 2030 | ₹2200 | ₹2231 |
Bharti Airtel Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 55.12% |
| Mar 2023 | 55.02% |
| June 2023 | 54.97% |
| Sept 2023 | 54.75% |
| Dec 2023 | 54.75% |
| FII Holding | |
| Dec 2022 | 21.70% |
| Mar 2023 | 20.97% |
| June 2023 | 21.48% |
| Sept 2023 | 21.87% |
| Dec 2023 | 22.69% |
| DII Holding | |
| Dec 2022 | 19.02% |
| Mar 2023 | 19.78% |
| June 2023 | 19.55% |
| Sept 2023 | 19.69% |
| Dec 2023 | 19.51% |
| Govt. Holding | |
| Dec 2022 | 0.12% |
| Mar 2023 | 0.12% |
| June 2023 | 0.12% |
| Sept 2023 | 0.12% |
| Dec 2023 | 0.12% |
| Public Holding | |
| Dec 2022 | 4.00% |
| Mar 2023 | 4.05% |
| June 2023 | 3.82% |
| Sept 2023 | 3.53% |
| Dec 2023 | 3.07% |
| Others Holding | |
| Dec 2022 | 0.05% |
| Mar 2023 | 0.05% |
| June 2023 | 0.05% |
| Sept 2023 | 0.04% |
| Dec 2023 | 0.06% |
Bharti Airtel Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹80,780 Cr |
| 2020 | ₹84,676 Cr |
| 2021 | ₹100,616 Cr |
| 2022 | ₹116,547 Cr |
| 2023 | ₹148,392 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹1,688 Cr |
| 2020 | ₹-30,664 Cr |
| 2021 | ₹-12,364 Cr |
| 2022 | ₹8,305 Cr |
| 2023 | ₹10,716 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.69 |
| 2020 | 1.52 |
| 2021 | 2.2 |
| 2022 | 2 |
| 2023 | 1.82 |
Last 10 Years’ Profit Growth:
| 10 Years: | 15% |
| 5 Years: | 48% |
| 3 Years: | 5% |
| Current Year: | 57% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 5% |
| 5 Years: | 4% |
| 3 Years: | 3% |
| Last Year: | 12% |
Sales Growth Over 10 Years:
| 10 Years: | 6% |
| 5 Years: | 11% |
| 3 Years: | 18% |
| Current Year: | 10% |
Conclusion
This article is a complete guide about Bharti Airtel Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
