Bharti Airtel Limited
Bharti Airtel Limited operates as a telecommunications company in India and internationally. It operates through the Mobile Services India, Mobile Services Africa, Mobile Services South Asia, Airtel Business, Passive Tower Infrastructure Services, Homes Services, Digital TV Services, and Others segments. The company provides voice and data telecom services through wireless technology including 2G… Read more
Bharti Airtel Limited (BHARTIARTL) - Net Assets
Latest net assets as of December 2025: ₹1.69 Trillion INR
Based on the latest financial reports, Bharti Airtel Limited (BHARTIARTL) has net assets worth ₹1.69 Trillion INR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹5.29 Trillion) and total liabilities (₹3.60 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹1.69 Trillion |
| % of Total Assets | 31.93% |
| Annual Growth Rate | 19.13% |
| 5-Year Change | 88.94% |
| 10-Year Change | 112.36% |
| Growth Volatility | 26.06 |
Bharti Airtel Limited - Net Assets Trend (2005–2025)
This chart illustrates how Bharti Airtel Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bharti Airtel Limited (2005–2025)
The table below shows the annual net assets of Bharti Airtel Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹1.53 Trillion | +45.38% |
| 2024-03-31 | ₹1.06 Trillion | -0.83% |
| 2023-03-31 | ₹1.06 Trillion | +15.78% |
| 2022-03-31 | ₹919.35 Billion | +13.18% |
| 2021-03-31 | ₹812.27 Billion | -20.47% |
| 2020-03-31 | ₹1.02 Trillion | +20.23% |
| 2019-03-31 | ₹849.48 Billion | +8.42% |
| 2018-03-31 | ₹783.48 Billion | +5.40% |
| 2017-03-31 | ₹743.31 Billion | +2.86% |
| 2016-03-31 | ₹722.67 Billion | +8.17% |
| 2015-03-31 | ₹668.09 Billion | +4.44% |
| 2014-03-31 | ₹639.66 Billion | +17.56% |
| 2013-03-31 | ₹544.10 Billion | +1.93% |
| 2012-03-31 | ₹533.81 Billion | +3.40% |
| 2011-03-31 | ₹516.23 Billion | +20.80% |
| 2010-03-31 | ₹427.34 Billion | +40.77% |
| 2009-03-31 | ₹303.58 Billion | +33.51% |
| 2008-03-31 | ₹227.39 Billion | +94.63% |
| 2007-03-31 | ₹116.83 Billion | +56.37% |
| 2006-03-31 | ₹74.71 Billion | +61.48% |
| 2005-03-31 | ₹46.27 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bharti Airtel Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 41667774600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹408.82 Billion | 35.97% |
| Common Stock | ₹29.00 Billion | 2.55% |
| Other Comprehensive Income | ₹-11.33 Billion | -1.00% |
| Other Components | ₹710.22 Billion | 62.48% |
| Total Equity | ₹1.14 Trillion | 100.00% |
Bharti Airtel Limited Competitors by Market Cap
The table below lists competitors of Bharti Airtel Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Manulife Financial Corp
NYSE:MFC
|
$57.82 Billion |
|
Snowflake Inc.
NYSE:SNOW
|
$57.95 Billion |
|
Shandong Zhongji Electrical Equipment Co Ltd
SHE:300308
|
$58.48 Billion |
|
Canadian National Railway Company
NYSE:CNI
|
$58.49 Billion |
|
Sempra Energy
NYSE:SRE
|
$57.10 Billion |
|
AB Volvo (publ)
PINK:VOLAF
|
$57.01 Billion |
|
ITOCHU Corporation
PINK:ITOCF
|
$56.96 Billion |
|
Recruit Holdings Co Ltd
PINK:RCRRF
|
$56.82 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bharti Airtel Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 820,188,000,000 to 1,136,719,000,000, a change of 316,531,000,000 (38.6%).
- Net income of 335,561,000,000 contributed positively to equity growth.
- Dividend payments of 69,349,000,000 reduced retained earnings.
- Share repurchases of 3,675,000,000 reduced equity.
- New share issuances of 14,000,000 increased equity.
- Other comprehensive income decreased equity by 3,103,000,000.
- Other factors increased equity by 57,083,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹335.56 Billion | +29.52% |
| Dividends Paid | ₹69.35 Billion | -6.1% |
| Share Repurchases | ₹3.67 Billion | -0.32% |
| Share Issuances | ₹14.00 Million | +0.0% |
| Other Comprehensive Income | ₹-3.10 Billion | -0.27% |
| Other Changes | ₹57.08 Billion | +5.02% |
| Total Change | ₹- | 38.59% |
Book Value vs Market Value Analysis
This analysis compares Bharti Airtel Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.62x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 227.27x to 9.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹8.04 | ₹1827.00 | x |
| 2006-03-31 | ₹13.05 | ₹1827.00 | x |
| 2007-03-31 | ₹20.37 | ₹1827.00 | x |
| 2008-03-31 | ₹38.51 | ₹1827.00 | x |
| 2009-03-31 | ₹51.64 | ₹1827.00 | x |
| 2010-03-31 | ₹70.70 | ₹1827.00 | x |
| 2011-03-31 | ₹86.45 | ₹1827.00 | x |
| 2012-03-31 | ₹89.72 | ₹1827.00 | x |
| 2013-03-31 | ₹89.21 | ₹1827.00 | x |
| 2014-03-31 | ₹105.94 | ₹1827.00 | x |
| 2015-03-31 | ₹109.84 | ₹1827.00 | x |
| 2016-03-31 | ₹118.37 | ₹1827.00 | x |
| 2017-03-31 | ₹119.59 | ₹1827.00 | x |
| 2018-03-31 | ₹123.27 | ₹1827.00 | x |
| 2019-03-31 | ₹126.62 | ₹1827.00 | x |
| 2020-03-31 | ₹136.76 | ₹1827.00 | x |
| 2021-03-31 | ₹104.51 | ₹1827.00 | x |
| 2022-03-31 | ₹117.99 | ₹1827.00 | x |
| 2023-03-31 | ₹135.40 | ₹1827.00 | x |
| 2024-03-31 | ₹140.60 | ₹1827.00 | x |
| 2025-03-31 | ₹189.84 | ₹1827.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bharti Airtel Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 29.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.40%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 4.54x
- Recent ROE (29.52%) is above the historical average (9.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 26.99% | 15.08% | 0.56x | 3.17x | ₹7.70 Billion |
| 2006 | 27.91% | 17.61% | 0.59x | 2.70x | ₹13.18 Billion |
| 2007 | 35.78% | 22.31% | 0.65x | 2.49x | ₹29.62 Billion |
| 2008 | 29.90% | 24.05% | 0.55x | 2.27x | ₹43.23 Billion |
| 2009 | 27.62% | 21.54% | 0.57x | 2.24x | ₹51.31 Billion |
| 2010 | 23.47% | 22.38% | 0.56x | 1.88x | ₹53.74 Billion |
| 2011 | 12.10% | 9.92% | 0.41x | 3.00x | ₹10.23 Billion |
| 2012 | 8.41% | 5.96% | 0.45x | 3.11x | ₹-8.03 Billion |
| 2013 | 4.52% | 2.96% | 0.48x | 3.16x | ₹-27.56 Billion |
| 2014 | 4.64% | 3.23% | 0.47x | 3.07x | ₹-32.03 Billion |
| 2015 | 8.37% | 5.63% | 0.47x | 3.16x | ₹-10.12 Billion |
| 2016 | 6.67% | 4.62% | 0.42x | 3.44x | ₹-22.20 Billion |
| 2017 | 5.63% | 3.98% | 0.40x | 3.56x | ₹-29.46 Billion |
| 2018 | 1.58% | 1.33% | 0.33x | 3.60x | ₹-58.54 Billion |
| 2019 | 0.57% | 0.51% | 0.29x | 3.85x | ₹-67.33 Billion |
| 2020 | -41.72% | -38.01% | 0.23x | 4.68x | ₹-398.98 Billion |
| 2021 | -41.61% | -24.38% | 0.29x | 5.87x | ₹-304.28 Billion |
| 2022 | 6.39% | 3.65% | 0.32x | 5.46x | ₹-24.01 Billion |
| 2023 | 10.76% | 6.00% | 0.31x | 5.76x | ₹5.90 Billion |
| 2024 | 9.10% | 4.98% | 0.33x | 5.46x | ₹-7.35 Billion |
| 2025 | 29.52% | 19.40% | 0.34x | 4.54x | ₹221.89 Billion |
Industry Comparison
This section compares Bharti Airtel Limited's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $-147,344,247,778
- Average return on equity (ROE) among peers: 10.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bharti Airtel Limited (BHARTIARTL) | ₹1.69 Trillion | 26.99% | 2.13x | $57.71 Billion |
| Bharti Hexacom Ltd (BHARTIHEXA) | $66.83 Billion | 9.88% | 0.45x | $1.33 Billion |
| GTL Limited (GTL) | $-59.69 Billion | 0.00% | 0.00x | $9.45 Million |
| Vodafone Idea Limited (IDEA) | $-703.20 Billion | 0.00% | 0.00x | $2.86 Billion |
| Indus Towers Limited (INDUSTOWER) | $183.48 Billion | 12.98% | 0.47x | $6.50 Billion |
| Mahanagar Telephone Nigam Limited (MTNL) | $81.03 Billion | 10.98% | 1.05x | $72.27 Million |
| OnMobile Global Limited (ONMOBILE) | $6.55 Billion | 1.03% | 0.39x | $31.07 Million |
| Railtel Corporation Of India Limited (RAILTEL) | $13.69 Billion | 10.30% | 0.75x | $273.28 Million |
| Reliance Communications Limited (RCOM) | $-914.95 Billion | 0.00% | 0.00x | $27.87 Million |
| ROUTE MOBILE LIMITED (ROUTE) | $170.23 Million | 49.79% | 0.43x | $80.43 Million |