Bharti Infratel is a telecom service provider giant in India. It is a large cap and a Nifty 50 company. Recent negativity in the telecom sector has not much affected the Bharti Infratel share price.
Bharti Infratel Share Price Graph
Being a relatively new company, compared to its peers, it has grown exceedingly well. Incorporated in 2006 as a subsidiary of Bharti Airtel, it is an integral part of Bharti group. In 2008, Bharti Airtel has transferred its infrastructure of towers to Bharti Infratel Limited.
The company runs its business by providing towers and related infrastructure to telecom service providers in India. and earning lease money and/or subscription from its customers. Bharti Infratel owns 42% share of Indus, another giant in tower business in India. Bharti and Indus jointly supply tower and related infrastructures to telecom service providers in India. Besides Bharti Airtel, Bharti and Indus have three big players of Indian telecom industry as their main customers. They are Vodafone, Idea Cellular, and Bharti Hexacom.
Bharti Infratel together with Indus has a nationwide business, providing towers to 22 telecom circles in India. Bharti alone runs and operates more than 35000 towers in India. As per agreement in 2014 with Reliance Jio, Jio would provide telecom service using Bharti Infratel’s infrastructure of towers for its pan-India telecom service.
Reliance Jio’s aggressive marketing and pricing has affected the balance sheet of all telecom service providers in India except Bharti Infratel as it has earned revenue from Jio through its infrastructure of towers.
The subsidiaries of Bharti Infratel are Bharti Hexacom, Bharti Enterprise, Bharti Telemedia, Bharti Airtel services, Centum Learning.
Company Financials -Bharti Infratel share price is Rs 364.75 (as on 16.06.17, EOD) in BSE. As per latest data, the consolidated basis P/E is 25.24 versus average industry PE of 26.6, EPS is Rs 14.85. Market cap is Rs 69,323 crores. The face value of a share is Rs 10. But recent sectoral negativity has not much affected the balance sheet. As per the latest data, the standalone basis EPS is Rs 14.62 and PE is 25.63.
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