Bharti Hexacom Ltd logo

Bharti Hexacom Ltd

BHARTIHEXA NSE

Key Fundamentals

MidcapTelecom Service ProviderTelecom
Market Cap
₹80,290 Cr
Volatility
Moderate
P/E Ratio
43.88
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

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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35 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

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 11.2 times its book value

Growth Rate

Revenue Growth
9.71% ↗
Net Income Growth
16.04% ↗
Cash Flow Change
-2.59% ↘
ROE
-3.93% ↘
ROCE
8.55% ↗
EBITDA Margin (Avg.)
6.46% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Bharti Hexacom Ltd operates in the Indian telecom sector with a market cap of ₹78,300 Cr, trading at a PE of 40.7x and PB of 10.37x. The company has demonstrated strong profit growth at a 35% CAGR over 5 years with an improving ROE of 26% in the last year, though the stock has declined 12% over the past year.

Bull Case 7
  • Strong profit growth with a 5-year compounded profit CAGR of 35%, accelerating to 46% over 3 years
  • Improving return on equity trajectory — rising from 17% (5-year average) to 22% (3-year average) to 26% in the last year
  • Healthy dividend payout ratio of 51.3%, providing consistent shareholder returns with a current yield of 1.21%
  • Consistent revenue growth with 5-year compounded sales CAGR of 15%, indicating sustained demand
  • TTM profit growth of 29% continues to outpace revenue growth of 8%, reflecting expanding margins and operating leverage
  • Backed by the Bharti Airtel parentage, operating in structurally consolidated Indian telecom market with limited competition
  • 3-year compounded profit CAGR of 46% significantly exceeds 3-year sales CAGR of 12%, demonstrating strong cost discipline and scale benefits
Bear Case 7
  • Stock trades at 10.37x book value, indicating a significant premium to net asset value
  • PE ratio of 40.7x is elevated, requiring sustained high earnings growth to justify current valuation
  • Stock has declined 12% over the past 1 year, underperforming broader market indices
  • Revenue growth has decelerated from 15% (5-year CAGR) to 8% on a TTM basis, suggesting slowing topline momentum
  • Operations concentrated in limited telecom circles (Rajasthan and Northeast), creating geographic concentration risk
  • Telecom sector remains capital-intensive with ongoing 5G rollout requirements that may pressure free cash flows
  • At a market cap of ₹78,300 Cr and PE of 40.7x, any earnings miss could lead to sharp de-rating given growth expectations embedded in valuation

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 7h ago
Headwinds 2
  • DoT penalty for verification lapses Jul 30

    Bharti Hexacom received a ₹2.52 lakh penalty from the Department of Telecommunications for alleged subscriber verification violations during the March 2026 quarter audit.

  • EBITDA margin dips slightly Aug 4

    EBITDA margin slipped to 52.68% in Q1FY27 from 53.8% in the year-ago quarter, despite absolute EBITDA rising to ₹13.22B from ₹12.17B YoY.

Positives 2
  • Q1 net profit up 23% YoY Aug 4

    Net profit rose 23% YoY to ₹4,824 million (₹4.82B) for Q1FY27 ended June 30, 2026, up from ₹3.92B, driven by strong mobile services revenue growth.

  • Revenue grows to ₹25.1B Aug 4

    Q1FY27 revenue increased to ₹25.1B from ₹22.63B YoY, reflecting continued top-line momentum in its telecom circles.

Neutral 2
  • AGM approves RPTs and MoA change Aug 11

    Shareholders at the 31st AGM on August 11, 2026 approved material related party transactions with Bharti Airtel and Indus Towers, and an amendment to the Memorandum of Association.

  • Q1 earnings call held August 5 Aug 5

    Audio and video recordings of the Q1FY27 earnings call (joint session with Bharti Airtel) held on August 5, 2026 were uploaded for investor access.

TL;DR: Bharti Hexacom delivered a strong Q1FY27 with 23% profit growth and solid revenue expansion, though EBITDA margins saw a minor compression. The DoT penalty is negligible in quantum (₹2.52 lakh) and unlikely to have material impact. The growth trend remains healthy, and continued ARPU uplift in its Rajasthan and North East circles should support earnings momentum going forward.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Figures in ₹ Crores

Profit & Loss

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

  Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Jun 2026
Promoters 70.00%
Others 15.19%
DIIs 10.64%
FIIs 3.58%
Public 0.59%
Total 100.00%
  Jan 2024Mar 2024Apr 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
70.00%
70.00%
70.00%
70.00%
70.00%
70.00%
70.00%
70.00%
70.00%
70.00%
70.00%
70.00%
FIIs
0.00%
0.00%
0.00%
4.55%
5.06%
5.01%
4.33%
4.33%
3.94%
3.98%
3.69%
3.58%
DIIs
0.00%
0.00%
0.00%
9.15%
8.89%
9.28%
9.96%
9.81%
10.24%
10.28%
10.60%
10.64%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
0.00%
0.00%
1.06%
0.88%
0.59%
0.58%
0.69%
0.66%
0.59%
0.56%
0.59%
Others
30.00%
30.00%
30.00%
15.24%
15.17%
15.12%
15.13%
15.17%
15.16%
15.15%
15.15%
15.19%
No. of Shareholders
7
7
7
1,06,437
1,00,982
87,449
85,480
96,675
95,145
91,986
89,246
89,330

Documents

Frequently Asked Questions about Bharti Hexacom Ltd

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 is listed on the Indian stock exchanges. It is listed on NSE: BHARTIHEXA and BSE: 544162. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Bharti Hexacom Ltd belong to?
Bharti Hexacom Ltd operates in the Telecom sector within the Telecom Service Provider industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Bharti Hexacom Ltd?
Bharti Hexacom Ltd has a market capitalisation of approximately ₹80290.00 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Bharti Hexacom Ltd?
The Price-to-Earnings (PE) ratio of Bharti Hexacom Ltd is 43.88. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Bharti Hexacom Ltd?
Over the past 52 weeks, Bharti Hexacom Ltd has traded between a low of ₹1,430 and a high of ₹1,955.6. This range helps investors understand the stock's price volatility and recent trading levels.
Does Bharti Hexacom Ltd pay dividends?
Yes, Bharti Hexacom Ltd has a dividend yield of 1.10%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Bharti Hexacom Ltd?
Bharti Hexacom Ltd has a Return on Equity (ROE) of 24.19%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Bharti Hexacom Ltd on Tapetide?
On Tapetide, you can view Bharti Hexacom Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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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