harti Airtel is a leading telecommunications company in India and is one of the largest providers of mobile and fixed-line services in the country. Over the years, Bharti Airtel has become a well-known brand, and its share price has been a subject of interest for investors.
In this article, we will be discussing the Bharti Airtel share price target for the period 2023 to 2030 and whether it is a good auto stock to buy.
The Indian telecom sector has been going through a lot of changes in recent years, and investors are keen to know how Bharti Airtel’s stock will perform in the future.
The purpose of this article is to provide an in-depth analysis of Bharti Airtel’s share price target and to help investors make informed decisions regarding their investments.
Stock history of Bharti Airtel
Bharti Airtel’s stock has had a fascinating history, starting from its initial public offering (IPO) in 2002. The IPO was well received by investors, and the company’s shares were oversubscribed by nearly 150 times. After its IPO, Bharti Airtel’s stock price steadily rose, and the company became one of the largest companies in India in terms of market capitalization.
However, the stock’s performance was impacted in the mid-2010s due to intense competition in the Indian telecom sector. This led to a decline in Bharti Airtel’s share price, and the company’s financial performance was also impacted. In 2018, the company acquired the Indian operations of Telenor, which helped to strengthen its position in the market. The acquisition was well received by investors, and Bharti Airtel’s stock price saw an increase.
In recent years, Bharti Airtel’s stock price has been impacted by various factors, including regulatory changes and intense competition by Reliance Jio, its biggest competitor.
Despite that, the company saw a surge in the share price. From December, 2018, the stock has been continouosly rising and has grown to more than 300% in the last 40 months.
The company has been taking various measures to improve its financial performance, such as reducing its debt levels and expanding its operations into new markets.
Currently, Bharti Airtel is trading at Rs. 817.8 as of May 2023.
Latest news about Bharti Airtel
➤For the fourth quarter that concluded on March 31, 2023, the telecom giant Bharti Airtel’s consolidated net profit increased 89% quarter over quarter to 3,005.6 crore. In Q3FY23, it was 1,588.2 crore. The consolidated revenue from operations increased modestly by 0.6% from 35,804.4 crore to 36,009.0 crore over the previous period. Bharti Airtel’s share price decreased by 10.10 or 1.27% to settle at 787.85 a unit on the BSE.When compared to the same quarter in the prior fiscal year, the company’s consolidated net profit for Q4FY23 increased by 49.7% year over year from 2,007.8 crore. On the strength of strong and reliable performance delivery throughout the portfolio, the consolidated revenue from operations increased 14.3% year over year to 36,009.0 crore from 31,500.3 crore in Q4FY22.The business said in a statement with the market that in Q4FY23, the consolidated EBITDA, or profits before interest, taxes, depreciation, and amortisation, climbed by 17.6% year over year (YoY) to 18,807 crores.
➤The board has recommended a final dividend for FY23.”For the financial year 2022–2023, the board has examined and proposed a final dividend of 4 for each fully paid-up equity share with a face value of 5 and 1 for each partially paid-up equity share with a face value of 5 per share. The dividend is proportionate to the amount paid up on each equity share with a face value of Rs. 5/-, according to a filing with the stock market by the firm.
➤ The War on Waste program has continued to get attention in an effort to reduce costs, and as a result, the EBITDA margin grew from 50.8% in the fourth quarter of 2022 to 52.2% in the fourth quarter of 2023. The majority of businesses continued to operate at healthy EBITDA margins, with India’s margin rising from 50.8% to 53.1% in Q4FY23.
You can buy Bharti Airtel shares from the following trading platforms:
|When||Maximum Price||Minimum Price|
Bharti Airtel’s share price is expected to have a bullish trend in 2023, with a growth percentage ranging from 20.22% to 58.52%. The maximum price for the year is expected to be ₹1,063.93 in December 2023, while the minimum price is expected to be ₹419.38 in May 2023. The shares are expected to be in an uptrend from mid of the year, with the price showing steady growth from June to December 2023.
Investors can expect Bharti Airtel’s share price to be volatile in the first half of the year, with a potential dip in April through June 2023. However, the shares are expected to show a strong uptrend in the second half of the year, with the highest growth expected in September, November, and December 2023.
Bharti Airtel’s share price is expected to show a positive trend in 2023, and investors can consider it a good opportunity to invest in the company.
Anand Rathi’s share price projection on Airtel of Rs. 890 could be reached in September, 2023.
|When||Maximum Price||Minimum Price|
According to our price prediction, Bharti Airtel’s share price is expected to continue its bullish trend in 2024, with a growth percentage ranging from 17.79% to 44.23%. The maximum price for the year is expected to be ₹1,489.54 in December 2024, while the minimum price is expected to be ₹771.89 in May 2024.
|When||Maximum Price||Minimum Price|
Bharti Airtel share price target for 2025 varies between a minimum of ₹1,048.49 in May and a maximum of ₹1,806.84 in December. The estimates suggest that the price could reach as high as ₹1,519.33 in January and ₹1,771.41 in November. The minimum target price is expected to be ₹1,153.34 in both April and June. Overall, the projections indicate that the Airtel share price target in 2025 has the potential to be quite volatile, with fluctuations expected throughout the year.
|Year||Maximum Price||Minimum Price|
Bharti Airtel’s share price is expected to experience significant growth over the next decade. In 2025, the maximum price is expected to reach ₹1,806.84, with a minimum price of ₹1,153.34. The share price is expected to continue its upward trend, reaching a maximum price of ₹1,935.13 in 2028 and a staggering maximum price of ₹4,426.76 in 2030, with a minimum price of ₹3,098.73. Overall, Bharti Airtel is expected to be a bullish stock with an uptrend over the next decade, making it a good investment opportunity for those looking to invest in the stock market.
Financial Condition of Bharti Airtel: Last 5 years
|Profit before tax||3,267.00||-1,731.80||-43,176.60||-3,431.50||12,483.10|
|Price to earning||179.75||403.03||-7.86||-19.81||104.41|
Bharti Airtel, the Indian telecommunications giant, has seen a steady growth over the last five years. The company’s revenue has grown from ₹82,638.80 crore in March 2018 to ₹1,16,546.90 crore in March 2022, showing a growth of 40.8% over the period. The company’s operating profit has also seen an impressive increase, growing from ₹30,079.10 crore to ₹57,533.90 crore over the same period, a growth of 91.2%.
Despite a dip in other income in March 2020, which recorded a negative figure of ₹35,599.70 crore, the company has managed to bounce back and recorded a positive figure of ₹4,656.10 crore in March 2022. The company’s depreciation and interest have also increased steadily, recording figures of ₹33,090.70 crore and ₹16,616.20 crore respectively in March 2022.
The company’s net profit has fluctuated over the years, with the maximum of ₹1,099.00 crore being recorded in March 2018 and the minimum of ₹-15,083.50 crore being recorded in March 2021. However, the company has managed to recover, reporting a net profit of ₹4,254.90 crore in March 2022.
Overall, Bharti Airtel has demonstrated a steady growth in revenue and operating profit, while also managing to bounce back from a dip in other income and net profit. The company’s EPS, P/E, and OPM have all seen improvements, indicating a positive outlook for the company’s future performance.
Prabhudas Lilladher has issued a buy recommendation for Bharti Airtel with a target price of Rs 1008.
Anand Rathi recommends purchasing Bharti Airtel with a target price of Rs 890
Motilal Oswal is bullish on the stock and recommends buying with a price target of Rs.985 .
ICICI Securities suggested to buy Bharti Airtel with a target price of Rs.960 .
Bharti Airtel price target by Macquarie
One of the top Nifty gainers is Bharti Airtel. The telecom company receives ‘outperform’ coverage beginning on Thursday with a target price of Rs 1,000 per share from Macquarie.
Bharti Airtel price target by YES Securities
YES Securities has insisted buyers to invest in Bharti Airtel with an expected price of Rs 875.
Jefferies upgrades Bharti Airtel to BUY with 16% upside potential despite estimated tariff hike delays
According to global brokerage firm Jefferies, they have lowered their estimates by 1-4% to account for delays in tariff hikes. However, they have upgraded the rating of Bharti Airtel shares to BUY as the stock has fallen 13% since November 2022 and now has the potential to increase by 16% to their target price of ₹900 (previously ₹850).
With a 60% incremental market share in 2HCY22 compared to its total market share of 30%, Bharti has experienced an acceleration in market share increases among active 4G customers.
Due to this, Bharti Airtel was able to increase its subscriber mix and daily ARPU by 4.4% during 2HCY22. Bharti’s ARPUs will probably increase by 4-5% yearly owing to the change in subscriber mix, while another 107m voice users on its network have not yet upgraded to data.
It is anticipated that Bharti Airtel per share price will increase to ₹1,064 by the end of 2023.
Is Bharti Airtel a good stock to buy?
Yes, the Bharti Airtel shares are expected to be in an upward trend throughout the coming years, with the price showing steady growth from 2023 to 2030.
The share price target of Bharti Airtel for 2024 might be around ₹1,489.5. Bharti Airtel’s share price is expected to show a positive trend in 2024, and investors can consider it a good opportunity to invest in the company for the long term.
Bharti Airtel is expected to trade in between ₹1,098.42 and ₹1,806 in 2025. Compared to its current price, it could grow by 50% in next 2 to 2.5 years.
Bharti Airtel could be trading in between ₹3,098.73 to ₹4,426.76 by the end of 2030.
- HDFC Bank share price target for 2030
- What Are The Types Of Online Investment You Can Do In 2023?
- Why Should You Hire a Tax Relief Service Provider?
In conclusion, Bharti Airtel’s financial performance over the last five years has been quite fluctuating. Despite some dip in profits, the company has seen a steady revenue growth and has managed to maintain a positive PAT. It is evident from the data that Bharti Airtel has shown improvement in terms of its profit margins, with a maximum OPM of 49.37% in the year 2022.
With a stable revenue growth and a consistent PAT, Bharti Airtel shares could be a good investment for long-term growth.
However, it is important to note that investing in the stock market always involves risks, and one should consider all relevant factors before making any investment decisions.
What did we learn?
- 1 Stock history of Bharti Airtel
- 2 Latest news about Bharti Airtel
- 3 How to buy Bharti Airtel shares?
- 4 Share Price Prediction of Bharti Airtel: 2023 to 2030
- 5 Financial Condition of Bharti Airtel: Last 5 years
- 6 Bharti Airtel share price target by Experts
- 6.1 Bharti Airtel share price target by Prabhudas Lilladher
- 6.2 Bharti Airtel share price target by Anand Rathi
- 6.3 Bharti Airtel share price target by Motilal Oswal
- 6.4 Bharti Airtel share price target by ICICI Securities
- 6.5 Bharti Airtel price target by Macquarie
- 6.6 Bharti Airtel price target by YES Securities
- 6.7 Jefferies upgrades Bharti Airtel to BUY with 16% upside potential despite estimated tariff hike delays
- 7 FAQs
- 8 Conclusion