Bharti Hexacom Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Mobile Services: 95.9% • Homes and Office Services: 4.1%
AI Sector View
AI GENERATEDTelecommunication
Telecom operating proxies are steady, with telecom subscriber base up 11.0% YoY (2026-06) and broadband subscriber base also up 11.0% YoY (2026-06). However, persistent FPI outflows of INR -11055 crore over 3 months to 2026-08-31 suggest weak investor appetite. That combination supports a neutral rather than positive stance.
PROS
- Company has a healthy return on capital (ROCE) of 23.7%
- Company has a good return on equity (ROE) track record: 3 Years ROE 22.0%
- Operating margins have improved to 52.3% from 44.5%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.37x)
- Company has delivered good sales growth of 15.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 51.9%
CONS
- Stock is trading at 10.5x its book value
- Recurring exceptional / one-off items are inflating headline profit
- Working capital days have increased from -210 to -144 days
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHARTIARTL | 1837.00 | 39.65 | 1146500.05 | 1.31 | 10011.60 | 34.89 | 58539.10 | 18.35 | 25.05 | 57.07 |
| IDEA | 14.96 | 4.33 | 162081.18 | 0.00 | -3754.00 | 43.19 | 11689.00 | 6.19 | 46.77 | 43.07 |
| INDUSTOWER | 372.70 | 13.74 | 98324.33 | 3.76 | 1745.80 | 0.52 | 8431.10 | 4.64 | 30.51 | 53.11 |
| BHARTIHEXA | 1539.25 | 42.19 | 76962.50 | 1.17 | 4824.00 | 1131.87 | 25099.00 | 1009.10 | 29.30 | 52.68 |
| TATACOMM | 1763.90 | 53.17 | 50286.26 | 0.99 | 129.72 | -31.78 | 6582.82 | 10.45 | 15.75 | 18.75 |
| RAILTEL | 262.55 | 41.79 | 8426.24 | 1.24 | 38.39 | 48.51 | 467.61 | 24.08 | 23.03 | 15.86 |
| TTML | 35.93 | 87.55 | 7024.06 | 0.00 | -72.15 | 77.80 | 301.57 | 6.09 | 157.86 | 53.91 |
| HATHWAY | 10.19 | 23.80 | 1803.74 | 0.00 | 24.56 | -20.85 | 565.10 | 6.52 | 2.55 | 13.43 |
| MTNL | 25.14 | 0.00 | 1583.82 | 0.00 | -842.36 | 10.69 | 216.89 | 229.92 | -6.76 | -15.07 |
| GTL | 7.23 | 0.14 | 113.73 | 0.00 | 4520.66 | 2243.77 | 497.08 | -28.12 | 0.00 | 27.04 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 852 | 913 | 973 | 990 | 1,035 | 1,096 | 1,099 | 1,121 | 1,102 | 1,109 | 1,105 | 1,146 | 1,929 | |
| Operating Profit | 830 | 826 | 827 | 878 | 876 | 1,002 | 1,152 | 1,168 | 1,161 | 1,208 | 1,254 | 1,267 | 581 |
| OPM % | 49.35% | 47.51% | 45.96% | 46.99% | 45.84% | 47.76% | 51.17% | 51.02% | 51.29% | 52.13% | 53.16% | 52.50% | 23.14% |
| 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 |
| Profit before Tax | 342 | -8 | 288 | 301 | 577 | 340 | 379 | 513 | 527 | 564 | 569 | 606 | 653 |
| Tax % | 25.92% | -2322.37% | 26.17% | 26.05% | 11.37% | 25.45% | 31.22% | 8.73% | 25.66% | 25.33% | 16.75% | 26.31% | 26.13% |
| Net Profit | 253 | -184 | 213 | 223 | 511 | 253 | 261 | 468 | 392 | 421 | 474 | 447 | 482 |
| 5.06 | -3.68 | 4.26 | 4.45 | 10.22 | 5.06 | 5.22 | 9.37 | 7.83 | 8.42 | 9.47 | 8.93 | 9.65 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,126 | 4,408 | 3,614 | 3,874 | 4,602 | 5,405 | 6,579 | 7,089 | 8,548 | 9,354 | 9,601 | |
| 3,178 | 3,640 | 3,599 | 3,399 | 3,550 | 3,596 | 3,793 | 3,728 | 4,351 | 4,463 | 5,290 | |
| Operating Profit | 1,948 | 768 | 15 | 475 | 1,052 | 1,809 | 2,786 | 3,361 | 4,197 | 4,890 | 4,311 |
| OPM % | 38.01% | 17.42% | 0.41% | 12.26% | 22.87% | 33.47% | 42.34% | 47.42% | 49.10% | 52.28% | 44.90% |
| -24 | 59 | 118 | -2,134 | -193 | 2,045 | 140 | -53 | 394 | 190 | 215 | |
| Interest | 94 | 134 | 248 | 526 | 564 | 572 | 639 | 645 | 688 | 601 | 596 |
| Depreciation | 851 | 869 | 1,009 | 1,250 | 1,285 | 1,441 | 1,553 | 1,739 | 2,094 | 2,213 | 2,278 |
| Profit before Tax | 980 | -176 | -1,123 | -3,435 | -989 | 1,841 | 734 | 923 | 1,809 | 2,266 | 2,392 |
| Tax % | 32.61% | 36.46% | 35.70% | 20.91% | -4.53% | 9.04% | 25.16% | 45.37% | 17.43% | 23.52% | 23.76% |
| Net Profit | 660 | -112 | -722 | -2,716 | -1,034 | 1,675 | 549 | 504 | 1,494 | 1,733 | 1,824 |
| EPS | 26.40 | -4.48 | -28.88 | -108.64 | -41.36 | 66.98 | 10.98 | 10.09 | 29.87 | 34.66 | — |
| Dividend Payout % | 35.10% | -60.77% | 0.00% | 0.00% | 0.00% | 0.00% | 13.66% | 39.65% | 33.48% | 51.93% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 15%
- 3 Years:
- 12%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 5%
- 5 Years:
- —
- 3 Years:
- 47%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -11%
RETURN ON EQUITY
- 10 Years:
- 3%
- 5 Years:
- 28%
- 3 Years:
- 22%
- Last Year:
- 26%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | 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 | 250 | 250 |
| 6,433 | 6,239 | 5,518 | 2,770 | 1,736 | 3,410 | 3,960 | 4,389 | 5,682 | 6,915 | |
| 1,436 | 2,187 | 2,957 | 6,569 | 7,256 | 9,204 | 7,881 | 8,305 | 7,326 | 5,937 | |
| Trade Payables | 740 | 981 | 1,380 | 1,838 | 2,224 | 1,495 | 1,441 | 1,485 | 1,586 | 1,606 |
| 786 | 608 | 842 | 2,847 | 2,421 | 1,368 | 3,959 | 3,231 | 3,385 | 3,347 | |
| Total Liabilities | 9,645 | 10,265 | 10,946 | 14,273 | 13,887 | 15,727 | 17,490 | 17,660 | 18,229 | 18,056 |
| 8,308 | 8,683 | 9,226 | 9,874 | 10,304 | 10,234 | 11,174 | 13,615 | 14,733 | 14,038 | |
| Capital Work in Progress | 63 | 133 | 162 | 110 | 71 | 64 | 456 | 197 | 297 | 476 |
| 0 | 0 | 0 | 625 | 0 | 49 | 1,046 | 238 | 74 | 631 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 445 | 108 | 108 | |
| Cash & Bank | 96 | 106 | 31 | 307 | 59 | 121 | 89 | 74 | 37 | 61 |
| 1,177 | 1,342 | 1,527 | 3,357 | 3,453 | 5,259 | 4,725 | 3,091 | 2,980 | 2,741 | |
| Total Assets | 9,645 | 10,265 | 10,946 | 14,273 | 13,887 | 15,727 | 17,490 | 17,660 | 18,229 | 18,056 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,808 | 990 | 580 | -294 | 1,551 | 1,273 | 5,128 | 3,546 | 4,583 | 4,464 | |
| Cash from Investing | -1,644 | -1,488 | -1,166 | -1,076 | -882 | -1,382 | -2,031 | -1,155 | -2,341 | -2,010 |
| Cash from Financing | 5 | 288 | 560 | 1,864 | -604 | 183 | -3,111 | -2,404 | -2,265 | -2,438 |
| -123 | -212 | -114 | 473 | 30 | 59 | -34 | -13 | -23 | 16 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-10 - Bharti Hexacom Limited has informed the Exchange about Schedule of meet
2026-09-04 - Bharti Hexacom Limited has informed the Exchange about Schedule of meet
2026-08-21 - Bharti Hexacom Limited has informed the Exchange about Schedule of meet
2026-08-13 - Bharti Hexacom Limited has informed the Exchange about Schedule of meet
2026-08-11 - Bharti Hexacom Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 11, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-11 - Bharti Hexacom Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 11, 2026.
2026-08-10 - Bharti Hexacom Limited has informed the Exchange about Transcript
2026-08-05 - Bharti Hexacom Limited has informed the Exchange about audio/ video recording of the Earnings Call held today, i.e. August 05, 2026 in respect of the audited financial results of the Company for the first quarter ended June 30, 2026, has been uploaded on the Company's website.
2026-08-05 - Bharti Hexacom Limited has informed the Exchange about Copy of Newspaper Publication
News
Recent coverage and analyst commentary for BHARTIHEXA
Loading news…
AI Stock Analyst
Bharti Hexacom Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account