Bharti Hexacom Ltd
BHARTIHEXA NSE
Bharti Hexacom Ltd
TelecomNSE: BHARTIHEXA BSE: 544162 Telecom Service Provider
Key Fundamentals
MidcapTelecom Service ProviderTelecomMarket Cap
₹78,300 Cr
Volatility
Moderate
P/E Ratio
42.93
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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Bharti Hexacom Ltd insights
35 extracted metrics + investor summaries across FY15–FY26.
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 10.4 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 claude-opus-4.6 10h agoAI 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 claude-opus-4.6 3h ago Headwinds 1
- DoT penalty for verification lapses Jul 30
Bharti Hexacom received a ₹2.52 lakh penalty notice from the Department of Telecommunications for alleged subscriber verification violations during the March 2026 quarter audit.
Positives 2
- Q1FY26 profit jumps 23% YoY Aug 4
Net profit rose 23% YoY to ₹4,824 million (₹4.82B vs ₹3.92B) on revenue of ₹25.1B (up from ₹22.63B), driven by strong mobile services growth. EBITDA grew to ₹13.22B from ₹12.17B, though margin dipped slightly to 52.68% from 53.8%.
- ₹18/share final dividend declared Jul 15
Bharti Hexacom set July 31, 2026 as the record date for a ₹18 per share final dividend for FY26, payable after AGM approval.
Neutral 3
- AGM approves RPTs, MoA amendment Aug 11
Shareholders approved related party transactions with Bharti Airtel and Indus Towers and an amendment to the Memorandum of Association at the 31st AGM held August 11, 2026.
- Q1 earnings call hosted jointly Aug 5
Bharti Hexacom held its Q1FY27 earnings call on August 5, 2026 as a joint webinar session with Bharti Airtel, with audio/video recordings uploaded subsequently.
- BRSR filed for FY 2025-26 Jul 17
Filed its Business Responsibility and Sustainability Report detailing ESG performance including net zero targets and CSR spending for FY 2025-26.
TL;DR: Bharti Hexacom delivered a strong Q1 with 23% profit growth and healthy revenue expansion, supported by a generous ₹18/share dividend. The DoT penalty of ₹2.52 lakh is negligible financially but flags compliance attention needed on subscriber verification. EBITDA margins remain above 52% though slightly compressed YoY. The overall trend is positive with solid operating momentum in its telecom circles.
Quarterly Results
| 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
| 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
| 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
| 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
| 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% |
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
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.
3
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.
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 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 ₹78300.00 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 42.93. 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 1.21%. 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