Bharti 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 2024 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.
Bharti Airtel Q3 FY24 Results Highlight
- Bharti Airtel’s Q3 FY24 results showcased strong financial performance and resilience.
- Revenue increased by 5.85% to ₹37,899.5 Cr, while profits surged by 53.77% YoY to ₹2,442.2 Cr.
- Quarter-on-quarter comparisons revealed a growth of 2.31% in revenue and an impressive 82.16% surge in profits.
- Effective management of selling, general, and administrative expenses, with a modest rise of 0.97% q-o-q and 7.09% Y-o-Y.
- Operating income witnessed significant upturns of 17.07% q-o-q and 13.25% Y-o-Y.
- Earnings per share (EPS) stood at ₹4.33, marking a substantial 20.67% YoY increase, reflecting enhanced shareholder value.
- Despite recent fluctuations, Bharti Airtel demonstrated strong returns of 24.92% in the last 6 months and 7.88% YTD, indicative of investor confidence.
- Analyst sentiment remains largely positive, with a majority recommending Buy or Strong Buy ratings, underscoring optimism for the company’s future.
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. Since December 2018, the stock has been continuously 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. 1,236 as of March 2024.
You can buy Bharti Airtel shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| Month | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| March 2024 | ₹1,241.90 | ₹1,079.91 |
| April 2024 | ₹1,205.73 | ₹1,048.46 |
| May 2024 | ₹1,187.91 | ₹1,032.96 |
| June 2024 | ₹1,230.67 | ₹1,070.15 |
| July 2024 | ₹1,218.37 | ₹1,059.45 |
| August 2024 | ₹1,267.10 | ₹1,101.83 |
| September 2024 | ₹1,317.79 | ₹1,145.90 |
| October 2024 | ₹1,291.95 | ₹1,123.43 |
| November 2024 | ₹1,343.63 | ₹1,168.37 |
| December 2024 | ₹1,357.06 | ₹1,180.05 |
Throughout 2024, Bharti Airtel’s monthly maximum and minimum prices are anticipated to experience fluctuations. March is expected to witness the maximum price reaching ₹1,241.90, with the minimum hovering around ₹1,079.91. As the year progresses, April’s maximum price is projected to be ₹1,205.73, while the minimum is expected to be around ₹1,048.46. By December, it is anticipated that the maximum price could climb to ₹1,357.06, while the minimum is forecasted to settle around ₹1,180.05.
| Month | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| January 2025 | ₹1,285.48 | ₹988.83 |
| February 2025 | ₹1,318.44 | ₹1,014.18 |
| March 2025 | ₹1,369.86 | ₹1,053.74 |
| April 2025 | ₹1,343.00 | ₹1,033.08 |
| May 2025 | ₹1,303.88 | ₹1,002.99 |
| June 2025 | ₹1,362.56 | ₹1,048.12 |
| July 2025 | ₹1,335.84 | ₹1,027.57 |
| August 2025 | ₹1,377.16 | ₹1,059.35 |
| September 2025 | ₹1,425.36 | ₹1,096.43 |
| October 2025 | ₹1,462.41 | ₹1,124.93 |
| November 2025 | ₹1,498.98 | ₹1,153.06 |
| December 2025 | ₹1,536.45 | ₹1,181.88 |
In 2025, Bharti Airtel’s share price is anticipated to exhibit a dynamic trajectory. Projected maximum and minimum prices from January to December range between ₹1,536.45 and ₹988.83. These forecasts provide investors and market observers with insights into potential market trends, helping them navigate investment decisions amidst the evolving landscape of the telecommunications industry.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹1,613.27 | ₹1,129.29 |
| 2027 | ₹1,774.60 | ₹1,242.22 |
| 2028 | ₹2,484.44 | ₹1,242.22 |
| 2029 | ₹2,151.03 | ₹1,075.51 |
| 2030 | ₹2,796.34 | ₹1,957.44 |
Bharti Airtel’s share price targets from 2026 to 2030 illustrate a potential upward trajectory. The projected maximum prices range from ₹1,613.27 in 2026 to ₹2,796.34 in 2030, while the corresponding minimum prices vary from ₹1,129.29 in 2026 to ₹1,957.44 in 2030. These forecasts provide a long-term perspective for investors, indicating potential growth opportunities in the telecommunications sector.
Financial Condition of Bharti Airtel: Last 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 80,780 | 84,676 | 100,616 | 116,547 | 139,145 |
| Expenses (Rs. Crores) | 55,016 | 51,086 | 55,337 | 59,013 | 67,871 |
| Operating Profit (Rs. Crores) | 25,764 | 33,591 | 45,279 | 57,534 | 71,274 |
| OPM (%) | 32% | 40% | 45% | 49% | 51% |
| Other Income (Rs. Crores) | 4,474 | -35,600 | -4,215 | 4,656 | 1,019 |
| Interest (Rs. Crores) | 10,622 | 14,073 | 15,091 | 16,616 | 19,300 |
| Depreciation (Rs. Crores) | 21,348 | 27,094 | 29,404 | 33,091 | 36,432 |
| Profit Before Tax (Rs. Crores) | -1,732 | -43,177 | -3,432 | 12,483 | 16,561 |
| Tax (%) | 197% | 29% | -260% | 33% | 26% |
| Net Profit (Rs. Crores) | 1,688 | -30,664 | -12,364 | 8,305 | 12,287 |
| EPS (Rs.) | 0.74 | -55.06 | -25.63 | 7.23 | 14.97 |
| Dividend Payout (%) | 244% | -3% | 0% | 39% | 27% |
Over the five years from 2019 to 2023, Bharti Airtel’s financial performance reveals notable trends. Sales steadily increased from ₹80,780 crores in 2019 to ₹139,145 crores in 2023, indicating consistent revenue growth. Operating profit showed a continuous upward trajectory, reaching ₹71,274 crores in 2023 with an impressive operating profit margin (OPM) of 51%. Despite challenges, the company demonstrated resilience, reporting a net profit of ₹12,287 crores in 2023. Noteworthy is the variability in Other Income, and the drastic dividend payout shift from 244% in 2019 to 27% in 2023, reflecting strategic financial adjustments in response to changing market dynamics.
FAQs
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 2024 to 2030.
The share price target of Bharti Airtel for 2024 might be around ₹1,357.06. 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 ₹988.83 and ₹1,536.45 in 2025.
Bharti Airtel could be trading in between ₹1,957.44 to ₹2,796.34 by the end of 2030.
Also read:
- HDFC Bank share price target for 2030
- What Are The Types Of Online Investment You Can Do In 2024?
- Why Should You Hire a Tax Relief Service Provider?
Conclusion
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 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 51% in the year 2022.
With 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?
