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Bharti Airtel stock: key metrics
BHARTIARTL.NSBharti Airtel had an operating margin of 31.7% and a return on invested capital (ROIC) of 14.4% in fiscal 2026.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2007 | 0.0% | 26.1% | 22.3% |
| 2008 | 0.0% | 27.9% | 24.0% |
| 2009 | 0.0% | 27.5% | 21.5% |
| 2010 | 53.5% | 34.6% | 22.4% |
| 2011 | 34.5% | 16.4% | 9.9% |
| 2012 | 32.1% | 14.5% | 6.0% |
| 2013 | 29.7% | 10.9% | 3.0% |
| 2014 | 31.3% | 13.9% | 3.2% |
| 2015 | 34.1% | 16.9% | 5.6% |
| 2016 | 31.8% | 17.3% | 4.6% |
| 2017 | 29.2% | 16.5% | 4.0% |
| 2018 | 22.2% | 13.1% | 1.3% |
| 2019 | 15.5% | 5.7% | 0.5% |
| 2020 | 15.9% | 8.6% | −38.0% |
| 2021 | 22.2% | 12.8% | −24.4% |
| 2022 | 27.8% | 20.8% | 3.7% |
| 2023 | 32.5% | 25.1% | 6.0% |
| 2024 | 33.6% | 25.8% | 5.0% |
| 2025 | 36.5% | 24.0% | 19.4% |
| 2026 | 42.7% | 31.7% | 12.7% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2007 | 35.8% | 26.3% | 14.4% |
| 2008 | 29.9% | 28.2% | 13.2% |
| 2009 | 27.6% | 26.5% | 12.3% |
| 2010 | 23.5% | 27.2% | 12.5% |
| 2011 | 12.1% | 9.3% | 4.0% |
| 2012 | 8.4% | 5.9% | 2.7% |
| 2013 | 4.5% | 3.6% | 1.4% |
| 2014 | 4.6% | 5.0% | 1.5% |
| 2015 | 8.4% | 6.2% | 2.6% |
| 2016 | 6.7% | 6.3% | 1.9% |
| 2017 | 5.6% | 5.1% | 1.6% |
| 2018 | 1.6% | 4.1% | 0.4% |
| 2019 | 0.6% | 1.8% | 0.1% |
| 2020 | −41.7% | 2.6% | −8.9% |
| 2021 | −41.6% | 4.5% | −7.1% |
| 2022 | 6.4% | 6.8% | 1.2% |
| 2023 | 10.8% | 9.2% | 1.9% |
| 2024 | 9.1% | 8.5% | 1.7% |
| 2025 | 29.5% | 12.4% | 6.5% |
| 2026 | 17.9% | 14.4% | 4.8% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 31 Aug 2022)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.