Bharti Hexacom
BHARTIHEXA NSE
Bharti Hexacom
TelecomNSE: BHARTIHEXA BSE: 544162 Telecom Service Provider
Key Fundamentals
MidcapTelecom Service ProviderTelecomMarket Cap
₹78,290 Cr
Volatility
Moderate
P/E Ratio
42.36
EBITDA
₹5,114 Cr
Return on Equity
24.19%
Debt to Equity
0.86
Book Value
₹143.3
EPS
₹8.38
52W High
₹1,955.6
52W Low
₹1,430
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has delivered good profit growth of 34.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 51.3%
Weaknesses
1- Stock is trading at 10.8 times its book value
Growth Rate
Revenue Growth
9.71% lower than
3Y
Net Income Growth
16.04% lower than
3Y
Cash Flow Change
-2.59% lower than
3Y
ROE
-3.93% lower than
3Y
ROCE
8.55% lower than
3Y
EBITDA Margin (Avg.)
6.46% lower than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoAI opinion · based on fundamentals
Risk medium
Bharti Hexacom Ltd, with a market cap of ₹78,290 Cr, operates in the Indian telecom sector and has delivered strong profit growth of 46% CAGR over 3 years and 35% CAGR over 5 years, while maintaining an ROE of 26% in the last year. However, the stock trades at a P/E of 42.2x and 10.7x book value, and the stock price has declined 11% over the past year.
Bull Case 7
- Strong profit growth with a 5-year compounded profit CAGR of 35% and 3-year CAGR of 46%, indicating rapid earnings expansion
- Healthy ROE trajectory improving from 17% (5-year average) to 22% (3-year average) to 26% in the last year, showing improving capital efficiency
- Consistent dividend payout ratio of 51.3%, providing shareholders with regular income at a yield of 1.17%
- TTM profit growth of 29% continues to outpace revenue growth of 8%, demonstrating margin expansion and operating leverage
- 5-year compounded sales CAGR of 15% reflects sustained top-line momentum in a sector with rising ARPU trends
- 3-year compounded sales CAGR of 12% shows the company has maintained double-digit revenue growth over a meaningful period
- Market cap of ₹78,290 Cr provides reasonable scale and liquidity for an operator focused on select Indian telecom circles
Bear Case 8
- Stock trades at 10.7x price-to-book value, a steep premium that leaves limited margin of safety
- P/E ratio of 42.2x is elevated, pricing in significant future growth and creating vulnerability to earnings misses
- Stock price has declined 11% over the past 1 year, underperforming broader market indices
- TTM revenue growth has decelerated to 8% compared to the 3-year CAGR of 12% and 5-year CAGR of 15%, suggesting slowing top-line momentum
- Operates as a subsidiary within the Bharti Airtel ecosystem, limiting independent strategic flexibility and potentially creating related-party transaction risks
- 52-week high and low data are unavailable, limiting visibility into recent price volatility and trading range
- Debt-to-equity, EPS, and ROCE figures are not available, reducing transparency on leverage and per-share profitability metrics
- Telecom sector in India remains capital-intensive with ongoing 5G rollout requirements that could pressure free cash flows going forward
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago Neutral 1
- Singapore investor meet scheduled Aug 21
Bharti Hexacom will participate in investor meetings in Singapore on August 27, 2026, including the Singtel Investor Day and sessions organized by HSBC.
TL;DR: Limited news flow for Bharti Hexacom this period with only an upcoming investor meet in Singapore announced. No negative or positive catalysts are visible from recent coverage. The company is maintaining routine investor engagement, and the outlook depends on broader telecom sector trends and any developments shared at the August 27 event.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,682 | 1,738 | 1,801 | 1,868 | 1,911 | 2,098 | 2,251 | 2,289 | 2,263 | 2,317 | 2,360 | 2,414 | 2,510 |
| Expenses | 852 | 913 | 973 | 990 | 1,035 | 1,096 | 1,099 | 1,121 | 1,102 | 1,109 | 1,105 | 1,146 | 1,188 |
| Operating Profit | 830 | 826 | 828 | 878 | 876 | 1,002 | 1,152 | 1,168 | 1,161 | 1,208 | 1,254 | 1,267 | 1,322 |
| OPM % | 49% | 48% | 46% | 47% | 46% | 48% | 51% | 51% | 51% | 52% | 53% | 52% | 53% |
| Other Income | 80 | -246 | 62 | 49 | 358 | 49 | -61 | 48 | 48 | 61 | 28 | 53 | 72 |
| Interest | 154 | 156 | 169 | 166 | 162 | 175 | 180 | 171 | 154 | 151 | 147 | 149 | 149 |
| Depreciation | 414 | 432 | 433 | 460 | 496 | 536 | 532 | 531 | 527 | 554 | 567 | 565 | 592 |
| PBT | 342 | -8 | 288 | 301 | 577 | 340 | 379 | 513 | 527 | 564 | 569 | 606 | 653 |
| Tax % | 26% | 2322% | 26% | 26% | 11% | 25% | 31% | 9% | 26% | 25% | 17% | 26% | 26% |
| Net Profit | 253 | -184 | 213 | 223 | 511 | 253 | 261 | 468 | 392 | 421 | 474 | 447 | 482 |
| EPS in Rs | 10.13 | -7.36 | 4.25 | 4.45 | 10.22 | 5.06 | 5.22 | 9.37 | 7.83 | 8.42 | 9.47 | 8.93 | 9.65 |
Profit & Loss
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,614 | 3,874 | 4,602 | 5,405 | 6,579 | 7,089 | 8,548 | 9,354 | 9,601 |
| Expenses | 3,702 | 3,376 | 3,550 | 3,591 | 3,793 | 3,728 | 4,351 | 4,463 | 4,549 |
| Operating Profit | -89 | 499 | 1,052 | 1,814 | 2,786 | 3,361 | 4,197 | 4,890 | 5,052 |
| OPM % | -2.5% | 13% | 23% | 34% | 42% | 47% | 49% | 52% | 53% |
| Other Income | 222 | -2,158 | -240 | 2,040 | 140 | -54 | 394 | 190 | 215 |
| Interest | 248 | 526 | 517 | 572 | 639 | 644 | 688 | 601 | 596 |
| Depreciation | 1,009 | 1,250 | 1,285 | 1,441 | 1,553 | 1,739 | 2,094 | 2,213 | 2,278 |
| PBT | -1,123 | -3,435 | -989 | 1,841 | 734 | 923 | 1,809 | 2,266 | 2,392 |
| Tax % | -36% | -21% | 5% | 9% | 25% | 45% | 17% | 24% | — |
| Net Profit | -722 | -2,716 | -1,034 | 1,675 | 549 | 504 | 1,494 | 1,733 | 1,824 |
| EPS in Rs | -28.88 | -109 | -41.36 | 66.98 | 21.97 | 10.09 | 29.87 | 34.66 | 36.47 |
| Div. Payout % | 0% | 0% | 0% | 0% | 14% | 40% | 33% | 81% | — |
Balance Sheet
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 |
| Reserves | 5,518 | 2,770 | 1,736 | 3,410 | 3,960 | 4,389 | 5,682 | 6,915 |
| Borrowings | 2,941 | 5,191 | 7,774 | 9,068 | 9,204 | 8,105 | 7,353 | 6,137 |
| Other Liabilities | 2,632 | 7,224 | 5,244 | 3,945 | 4,840 | 5,774 | 5,966 | 5,748 |
| Total Liabilities | 11,341 | 15,435 | 15,004 | 16,674 | 18,253 | 18,517 | 19,251 | 19,051 |
| Fixed Assets | 9,226 | 9,874 | 10,304 | 10,234 | 11,174 | 13,615 | 14,733 | 14,038 |
| CWIP | 162 | 110 | 71 | 64 | 1,936 | 444 | 297 | 476 |
| Investments | 0 | 625 | 0 | 49 | 1,046 | 238 | 74 | 631 |
| Other Assets | 1,952 | 4,825 | 4,629 | 6,328 | 4,097 | 4,220 | 4,147 | 3,905 |
| Total Assets | 11,341 | 15,435 | 15,004 | 16,674 | 18,253 | 18,517 | 19,251 | 19,051 |
Cash Flow
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | 493 | -316 | 1,517 | 1,258 | 5,108 | 3,546 | 4,583 | 4,464 |
| Investing | -1,166 | -1,076 | -882 | -1,382 | -2,031 | -1,155 | -2,341 | -2,010 |
| Financing | 560 | 1,864 | -604 | 183 | -3,111 | -2,404 | -2,265 | -2,438 |
| Net Cash Flow | -114 | 473 | 30 | 59 | -34 | -13 | -23 | 16 |
| Free Cash Flow | -675 | -777 | 64 | -76 | 4,169 | 1,498 | 3,104 | 3,026 |
| CFO/OP | -653 | -59 | 147 | 70 | 184 | 106 | 125 | 106 |
Ratios
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 10 | 22 | 11 | 142 | 8 | 23 | 5 | 4 |
| Cash Conversion Cycle | 10 | 22 | 11 | 142 | 8 | 23 | 5 | 4 |
| Working Capital Days | -135 | -317 | -438 | -157 | -243 | -281 | -215 | -171 |
| ROCE % | — | -9% | -1% | 4% | 10% | 14% | 17% | 21% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Bharti Hexacom insights
49 extracted metrics + investor summaries across FY15–FY26.
Documents
1
Update on board meeting
1d - Board meeting on May 13, 2026 to consider dividend for FY2025-26. 1d - Board meeting on May 13, 2026 to consider dividend for FY2025-26.
2
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 May - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 (''''Listing Regulations'''') - Schedule of analysts/ institutional investors'''' meet. 7 May - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 (''''Listing Regulations'''') - Schedule of analysts/ institutional investors'''' meet.
3
Board Meeting Intimation for Audited Financial Results (Standalone) For The Fourth Quarter(Q4) And Year Ended On March 31, 2026.
1 May - Board meeting on May 12-13, 2026 to consider Q4 and FY2026 audited results; trading window closed until May 15. 1 May - Board meeting on May 12-13, 2026 to consider Q4 and FY2026 audited results; trading window closed until May 15.
4
Board Meeting Intimation for Audited Financial Results (Standalone) For The Fourth Quarter(Q4) And Year Ended On March 31, 2026.
1 May - Board meeting on May 12-13, 2026 to consider Q4 and FY2026 audited results; trading window closed until May 15. 1 May - Board meeting on May 12-13, 2026 to consider Q4 and FY2026 audited results; trading window closed until May 15.
5
Announcement under Regulation 30 (LODR)-Resignation of Director
23 Apr - Mr. Kanwaljit Singh Cheema resigned as Independent Director, effective close of business April 23, 2026. 23 Apr - Mr. Kanwaljit Singh Cheema resigned as Independent Director, effective close of business April 23, 2026.
Frequently Asked Questions about Bharti Hexacom
What does Bharti Hexacom Ltd do?
IIncorporated in 1995, Bharti Hexacom Ltd provides consumer mobile services, fixed-
line telephone and broadband services in Rajasthan and Northeast telecom circles[1]
Where is Bharti Hexacom Ltd (BHARTIHEXA) listed?
Bharti Hexacom Ltd trades as BHARTIHEXA on the NSE and under code 544162 on the BSE.
Which sector does Bharti Hexacom Ltd belong to?
Bharti Hexacom Ltd is classified under the Telecom sector, in the Telecom Service Provider industry.
What is the market capitalisation of Bharti Hexacom Ltd?
Bharti Hexacom Ltd has a market capitalisation of ₹78,290 Cr, which places it in the Large Cap band.
What is the PE ratio of Bharti Hexacom Ltd?
Bharti Hexacom Ltd trades at a PE ratio of 42.36, on earnings per share of ₹8.38, against a book value of ₹143.3 per share.
What is the 52-week high and low of Bharti Hexacom Ltd?
Over the last 52 weeks Bharti Hexacom Ltd has traded between ₹1,430 and ₹1,955.6.
Does Bharti Hexacom Ltd pay dividends?
Bharti Hexacom Ltd has a dividend yield of 1.17%.
What is the Return on Equity (ROE) of Bharti Hexacom Ltd?
Bharti Hexacom Ltd reported a return on equity of 24.19%. Its debt-to-equity ratio is 0.86.
Company Information
IIncorporated in 1995, Bharti Hexacom Ltd provides consumer mobile services, fixed- line telephone and broadband services in Rajasthan and Northeast telecom circles[1]
Website bhartihexacom.in
CEO Mr. Amit Chaturvedi
Employees 569
Listed 2024-04-12
Face Value ₹ 5
Issued Size 50,00,00,000
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