Bharti Hexacom Ltd.
•₹ 1,591.2-1.51%
2026-08-21
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
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BHARTIARTL | 1943.50 | 41.95 | 1212968.34 | 1.23 | 10011.60 | 34.89 | 58539.10 | 18.35 | 25.05 | 57.07 |
| 2. | IDEA | 14.05 | 4.07 | 152221.96 | 0.00 | -3754.00 | 43.19 | 11689.00 | 6.19 | 46.77 | 43.07 |
| 3. | INDUSTOWER | 370.00 | 13.64 | 97612.02 | 3.78 | 1745.80 | 0.52 | 8431.10 | 4.64 | 30.51 | 53.11 |
| 4. | BHARTIHEXA | 1613.80 | 0.00 | 80690.00 | 1.12 | 4824.00 | 1131.87 | 25099.00 | 1009.10 | 29.30 | 52.68 |
| 5. | TATACOMM | 1678.10 | 50.57 | 47828.66 | 1.04 | 129.72 | -31.78 | 6582.82 | 10.45 | 15.75 | 18.75 |
| 6. | RAILTEL | 280.75 | 44.69 | 9010.35 | 1.16 | 38.39 | 48.51 | 467.61 | 24.08 | 23.03 | 15.86 |
| 7. | TTML | 37.44 | 91.23 | 7319.25 | 0.00 | -72.15 | 77.80 | 301.57 | 6.09 | 157.86 | 53.91 |
| 8. | HATHWAY | 10.54 | 24.62 | 1865.69 | 0.00 | 24.56 | -20.85 | 565.10 | 6.52 | 2.55 | 13.43 |
| 9. | MTNL | 26.81 | 0.00 | 1689.03 | 0.00 | -842.36 | 10.69 | 216.89 | 229.92 | -6.76 | -15.07 |
| 10. | GTL | 7.22 | 0.14 | 113.57 | 0.00 | 4520.66 | 2243.77 | 497.08 | -28.12 | 0.00 | 27.04 |
Detailed Comparison with:
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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 80 | 57 | 62 | 49 | 40 | 49 | 45 | 48 | 48 | 61 | 38 | 78 | 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 |
| 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 | -4 | 4 | 4 | 10 | 5 | 5 | 9 | 8 | 8 | 9 | 9 | 1 | |
| Equity Capital | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 |
| Reserves | 4,212 | 3,953 | 4,166 | 4,389 | 4,900 | 4,953 | 5,214 | 5,682 | 6,073 | 5,995 | 6,468 | 6,915 | 7,397 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 |
| Reserves | 4,212 | 3,953 | 4,166 | 4,389 | 4,900 | 4,953 | 5,214 | 5,682 | 6,073 | 5,995 | 6,468 | 6,915 | 7,397 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 1,682
- 852
- Operating Profit
- —
- OPM %
- —
- Other Income
- 80
- Interest
- 154
- Depreciation
- 414
- 342
- Tax %
- 25.92%
- Net Profit
- 253
- 5
- Equity Capital
- 250
- Reserves
- 4,212
- Promoter Pledge %
- 0.00%
- Equity Capital
- 250
- Reserves
- 4,212
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,738
- 913
- Operating Profit
- —
- OPM %
- —
- Other Income
- 57
- Interest
- 156
- Depreciation
- 432
- -8
- Tax %
- -2322.37%
- Net Profit
- -184
- -4
- Equity Capital
- 250
- Reserves
- 3,953
- Promoter Pledge %
- 0.00%
- Equity Capital
- 250
- Reserves
- 3,953
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,801
- 973
- Operating Profit
- —
- OPM %
- —
- Other Income
- 62
- Interest
- 169
- Depreciation
- 433
- 288
- Tax %
- 26.17%
- Net Profit
- 213
- 4
- Equity Capital
- 250
- Reserves
- 4,166
- Promoter Pledge %
- 0.00%
- Equity Capital
- 250
- Reserves
- 4,166
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,868
- 990
- Operating Profit
- —
- OPM %
- —
- Other Income
- 49
- Interest
- 166
- Depreciation
- 460
- 301
- Tax %
- 26.05%
- Net Profit
- 223
- 4
- Equity Capital
- 250
- Reserves
- 4,389
- Promoter Pledge %
- 0.00%
- Equity Capital
- 250
- Reserves
- 4,389
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,911
- 1,035
- Operating Profit
- —
- OPM %
- —
- Other Income
- 40
- Interest
- 162
- Depreciation
- 496
- 577
- Tax %
- 11.37%
- Net Profit
- 511
- 10
- Equity Capital
- 250
- Reserves
- 4,900
- Promoter Pledge %
- 0.00%
- Equity Capital
- 250
- Reserves
- 4,900
- Promoter Pledge %
- 0.00%
Sep 2024
- 2,098
- 1,096
- Operating Profit
- —
- OPM %
- —
- Other Income
- 49
- Interest
- 175
- Depreciation
- 536
- 340
- Tax %
- 25.45%
- Net Profit
- 253
- 5
- Equity Capital
- 250
- Reserves
- 4,953
- Promoter Pledge %
- 0.00%
- Equity Capital
- 250
- Reserves
- 4,953
- Promoter Pledge %
- 0.00%
Dec 2024
- 2,251
- 1,099
- Operating Profit
- —
- OPM %
- —
- Other Income
- 45
- Interest
- 180
- Depreciation
- 532
- 379
- Tax %
- 31.22%
- Net Profit
- 261
- 5
- Equity Capital
- 250
- Reserves
- 5,214
- Promoter Pledge %
- 0.00%
- Equity Capital
- 250
- Reserves
- 5,214
- Promoter Pledge %
- 0.00%
Mar 2025
- 2,289
- 1,121
- Operating Profit
- —
- OPM %
- —
- Other Income
- 48
- Interest
- 171
- Depreciation
- 531
- 513
- Tax %
- 8.73%
- Net Profit
- 468
- 9
- Equity Capital
- 250
- Reserves
- 5,682
- Promoter Pledge %
- 0.00%
- Equity Capital
- 250
- Reserves
- 5,682
- Promoter Pledge %
- 0.00%
Jun 2025
- 2,263
- 1,102
- Operating Profit
- —
- OPM %
- —
- Other Income
- 48
- Interest
- 154
- Depreciation
- 527
- 527
- Tax %
- 25.66%
- Net Profit
- 392
- 8
- Equity Capital
- 250
- Reserves
- 6,073
- Promoter Pledge %
- 0.00%
- Equity Capital
- 250
- Reserves
- 6,073
- Promoter Pledge %
- 0.00%
Sep 2025
- 2,317
- 1,109
- Operating Profit
- —
- OPM %
- —
- Other Income
- 61
- Interest
- 151
- Depreciation
- 554
- 564
- Tax %
- 25.33%
- Net Profit
- 421
- 8
- Equity Capital
- 250
- Reserves
- 5,995
- Promoter Pledge %
- 0.00%
- Equity Capital
- 250
- Reserves
- 5,995
- Promoter Pledge %
- 0.00%
Dec 2025
- 2,360
- 1,105
- Operating Profit
- —
- OPM %
- —
- Other Income
- 38
- Interest
- 147
- Depreciation
- 567
- 569
- Tax %
- 16.75%
- Net Profit
- 474
- 9
- Equity Capital
- 250
- Reserves
- 6,468
- Promoter Pledge %
- 0.00%
- Equity Capital
- 250
- Reserves
- 6,468
- Promoter Pledge %
- 0.00%
Mar 2026
- 2,414
- 1,146
- Operating Profit
- —
- OPM %
- —
- Other Income
- 78
- Interest
- 149
- Depreciation
- 565
- 606
- Tax %
- 26.31%
- Net Profit
- 447
- 9
- Equity Capital
- 250
- Reserves
- 6,915
- Promoter Pledge %
- 0.00%
- Equity Capital
- 250
- Reserves
- 6,915
- Promoter Pledge %
- 0.00%
Jun 2026
- 2,510
- 1,929
- Operating Profit
- —
- OPM %
- —
- Other Income
- 72
- Interest
- 149
- Depreciation
- 592
- 653
- Tax %
- 26.13%
- Net Profit
- 482
- 1
- Equity Capital
- 250
- Reserves
- 7,397
- Promoter Pledge %
- 0.00%
- Equity Capital
- 250
- Reserves
- 7,397
- Promoter Pledge %
- 0.00%
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 | 1,962 | 835 | 28 | 528 | 1,202 | 1,903 | 2,926 | 3,611 | 4,379 | 5,114 | — |
| OPM % | 38 | 19 | 1 | 14 | 26 | 35 | 44 | 51 | 51 | 55 | — |
| Other Income | 14 | 67 | 14 | 53 | 149 | 94 | 140 | 250 | 182 | 224 | 248 |
| 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 |
| 980 | -176 | -1,123 | -3,435 | -989 | 1,841 | 734 | 923 | 1,809 | 2,266 | 2,392 | |
| Tax % | 33 | 36 | 36 | 21 | -5 | 9 | 25 | 45 | 17 | 24 | 24 |
| Net Profit | 660 | -112 | -722 | -2,716 | -1,034 | 1,675 | 549 | 504 | 1,494 | 1,733 | 1,824 |
| EPS | 26 | -4 | -29 | -109 | -41 | 67 | 11 | 10 | 30 | 35 | — |
| Dividend Payout % | 35 | -61 | 0 | 0 | 0 | 0 | 14 | 40 | 33 | 52 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 13 | -2 | -14 | -54 | -21 | 33 | 11 | 10 | 30 | 35 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 13 | -2 | -14 | -54 | -21 | 33 | 11 | 10 | 30 | 35 | — |
Mar 2017
- 5,126
- 3,178
- Operating Profit
- 1,962
- OPM %
- 38
- Other Income
- 14
- Interest
- 94
- Depreciation
- 851
- 980
- Tax %
- 33
- Net Profit
- 660
- EPS
- 26
- Dividend Payout %
- 35
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2018
- 4,408
- 3,640
- Operating Profit
- 835
- OPM %
- 19
- Other Income
- 67
- Interest
- 134
- Depreciation
- 869
- -176
- Tax %
- 36
- Net Profit
- -112
- EPS
- -4
- Dividend Payout %
- -61
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2019
- 3,614
- 3,599
- Operating Profit
- 28
- OPM %
- 1
- Other Income
- 14
- Interest
- 248
- Depreciation
- 1,009
- -1,123
- Tax %
- 36
- Net Profit
- -722
- EPS
- -29
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -14
Mar 2020
- 3,874
- 3,399
- Operating Profit
- 528
- OPM %
- 14
- Other Income
- 53
- Interest
- 526
- Depreciation
- 1,250
- -3,435
- Tax %
- 21
- Net Profit
- -2,716
- EPS
- -109
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -54
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -54
Mar 2021
- 4,602
- 3,550
- Operating Profit
- 1,202
- OPM %
- 26
- Other Income
- 149
- Interest
- 564
- Depreciation
- 1,285
- -989
- Tax %
- -5
- Net Profit
- -1,034
- EPS
- -41
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -21
Mar 2022
- 5,405
- 3,596
- Operating Profit
- 1,903
- OPM %
- 35
- Other Income
- 94
- Interest
- 572
- Depreciation
- 1,441
- 1,841
- Tax %
- 9
- Net Profit
- 1,675
- EPS
- 67
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 33
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 33
Mar 2023
- 6,579
- 3,793
- Operating Profit
- 2,926
- OPM %
- 44
- Other Income
- 140
- Interest
- 639
- Depreciation
- 1,553
- 734
- Tax %
- 25
- Net Profit
- 549
- EPS
- 11
- Dividend Payout %
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2024
- 7,089
- 3,728
- Operating Profit
- 3,611
- OPM %
- 51
- Other Income
- 250
- Interest
- 645
- Depreciation
- 1,739
- 923
- Tax %
- 45
- Net Profit
- 504
- EPS
- 10
- Dividend Payout %
- 40
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2025
- 8,548
- 4,351
- Operating Profit
- 4,379
- OPM %
- 51
- Other Income
- 182
- Interest
- 688
- Depreciation
- 2,094
- 1,809
- Tax %
- 17
- Net Profit
- 1,494
- EPS
- 30
- Dividend Payout %
- 33
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 30
Mar 2026
- 9,354
- 4,463
- Operating Profit
- 5,114
- OPM %
- 55
- Other Income
- 224
- Interest
- 601
- Depreciation
- 2,213
- 2,266
- Tax %
- 24
- Net Profit
- 1,733
- EPS
- 35
- Dividend Payout %
- 52
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 35
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 35
TTM
- 9,601
- 5,290
- Operating Profit
- —
- OPM %
- —
- Other Income
- 248
- Interest
- 596
- Depreciation
- 2,278
- 2,392
- Tax %
- 24
- Net Profit
- 1,824
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
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:
- -12%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 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 | |
| 1,104 | 1,951 | 2,653 | 3,996 | 2,251 | 2,390 | 3 | 2,000 | 875 | 0 | |
| Trade Payables | 740 | 981 | 1,380 | 1,838 | 2,224 | 1,495 | 1,441 | 1,485 | 1,586 | 1,606 |
| 1,118 | 844 | 1,145 | 5,419 | 7,426 | 8,181 | 11,837 | 9,536 | 9,836 | 9,284 | |
| Total Liabilities | 9,645 | 10,265 | 10,946 | 14,273 | 13,887 | 15,727 | 17,490 | 17,660 | 18,229 | 18,056 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 1,442 | 2,127 | 2,941 | 5,191 | 5,975 | 7,198 | 6,269 | 4,835 | 3,780 | 2,694 |
| Net Working Capital | -2,020 | -2,702 | -4,249 | -6,779 | -5,469 | -2,157 | -3,244 | -5,154 | -4,923 | -3,695 |
| Contingent Liabilities | 848 | 736 | 1,066 | 770 | 266 | 256 | 263 | 213 | 156 | 161 |
| Book Value per Share | 267.31 | 259.57 | 230.70 | 120.80 | 79.44 | 146.42 | 168.38 | 92.77 | 118.64 | 143.30 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 5.00 | 5.00 | 5.00 |
| Total Debt | 1,442 | 2,127 | 2,941 | 5,191 | 5,975 | 7,198 | 6,269 | 4,835 | 3,780 | 2,694 |
| Net Working Capital | -2,020 | -2,702 | -4,249 | -6,779 | -5,469 | -2,157 | -3,244 | -5,154 | -4,923 | -3,695 |
| Contingent Liabilities | 848 | 736 | 1,066 | 770 | 266 | 256 | 263 | 213 | 156 | 161 |
| Book Value per Share | 267.31 | 259.57 | 230.70 | 120.80 | 79.44 | 146.42 | 168.38 | 92.77 | 118.64 | 143.30 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 5.00 | 5.00 | 5.00 |
Mar 2017
- Equity Capital
- 250
- 6,433
- 1,104
- Trade Payables
- 740
- 1,118
- Total Liabilities
- 9,645
- 8,308
- Capital Work in Progress
- 63
- 0
- 0
- Cash & Bank
- 96
- 1,177
- Total Assets
- 9,645
- Total Debt
- 1,442
- Net Working Capital
- -2,020
- Contingent Liabilities
- 848
- Book Value per Share
- 267.31
- Face Value
- 10.00
- Total Debt
- 1,442
- Net Working Capital
- -2,020
- Contingent Liabilities
- 848
- Book Value per Share
- 267.31
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 250
- 6,239
- 1,951
- Trade Payables
- 981
- 844
- Total Liabilities
- 10,265
- 8,683
- Capital Work in Progress
- 133
- 0
- 0
- Cash & Bank
- 106
- 1,342
- Total Assets
- 10,265
- Total Debt
- 2,127
- Net Working Capital
- -2,702
- Contingent Liabilities
- 736
- Book Value per Share
- 259.57
- Face Value
- 10.00
- Total Debt
- 2,127
- Net Working Capital
- -2,702
- Contingent Liabilities
- 736
- Book Value per Share
- 259.57
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 250
- 5,518
- 2,653
- Trade Payables
- 1,380
- 1,145
- Total Liabilities
- 10,946
- 9,226
- Capital Work in Progress
- 162
- 0
- 0
- Cash & Bank
- 31
- 1,527
- Total Assets
- 10,946
- Total Debt
- 2,941
- Net Working Capital
- -4,249
- Contingent Liabilities
- 1,066
- Book Value per Share
- 230.70
- Face Value
- 10.00
- Total Debt
- 2,941
- Net Working Capital
- -4,249
- Contingent Liabilities
- 1,066
- Book Value per Share
- 230.70
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 250
- 2,770
- 3,996
- Trade Payables
- 1,838
- 5,419
- Total Liabilities
- 14,273
- 9,874
- Capital Work in Progress
- 110
- 625
- 0
- Cash & Bank
- 307
- 3,357
- Total Assets
- 14,273
- Total Debt
- 5,191
- Net Working Capital
- -6,779
- Contingent Liabilities
- 770
- Book Value per Share
- 120.80
- Face Value
- 10.00
- Total Debt
- 5,191
- Net Working Capital
- -6,779
- Contingent Liabilities
- 770
- Book Value per Share
- 120.80
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 250
- 1,736
- 2,251
- Trade Payables
- 2,224
- 7,426
- Total Liabilities
- 13,887
- 10,304
- Capital Work in Progress
- 71
- 0
- 0
- Cash & Bank
- 59
- 3,453
- Total Assets
- 13,887
- Total Debt
- 5,975
- Net Working Capital
- -5,469
- Contingent Liabilities
- 266
- Book Value per Share
- 79.44
- Face Value
- 10.00
- Total Debt
- 5,975
- Net Working Capital
- -5,469
- Contingent Liabilities
- 266
- Book Value per Share
- 79.44
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 250
- 3,410
- 2,390
- Trade Payables
- 1,495
- 8,181
- Total Liabilities
- 15,727
- 10,234
- Capital Work in Progress
- 64
- 49
- 0
- Cash & Bank
- 121
- 5,259
- Total Assets
- 15,727
- Total Debt
- 7,198
- Net Working Capital
- -2,157
- Contingent Liabilities
- 256
- Book Value per Share
- 146.42
- Face Value
- 10.00
- Total Debt
- 7,198
- Net Working Capital
- -2,157
- Contingent Liabilities
- 256
- Book Value per Share
- 146.42
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 250
- 3,960
- 3
- Trade Payables
- 1,441
- 11,837
- Total Liabilities
- 17,490
- 11,174
- Capital Work in Progress
- 456
- 1,046
- 0
- Cash & Bank
- 89
- 4,725
- Total Assets
- 17,490
- Total Debt
- 6,269
- Net Working Capital
- -3,244
- Contingent Liabilities
- 263
- Book Value per Share
- 168.38
- Face Value
- 10.00
- Total Debt
- 6,269
- Net Working Capital
- -3,244
- Contingent Liabilities
- 263
- Book Value per Share
- 168.38
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 250
- 4,389
- 2,000
- Trade Payables
- 1,485
- 9,536
- Total Liabilities
- 17,660
- 13,615
- Capital Work in Progress
- 197
- 238
- 445
- Cash & Bank
- 74
- 3,091
- Total Assets
- 17,660
- Total Debt
- 4,835
- Net Working Capital
- -5,154
- Contingent Liabilities
- 213
- Book Value per Share
- 92.77
- Face Value
- 5.00
- Total Debt
- 4,835
- Net Working Capital
- -5,154
- Contingent Liabilities
- 213
- Book Value per Share
- 92.77
- Face Value
- 5.00
Mar 2025
- Equity Capital
- 250
- 5,682
- 875
- Trade Payables
- 1,586
- 9,836
- Total Liabilities
- 18,229
- 14,733
- Capital Work in Progress
- 297
- 74
- 108
- Cash & Bank
- 37
- 2,980
- Total Assets
- 18,229
- Total Debt
- 3,780
- Net Working Capital
- -4,923
- Contingent Liabilities
- 156
- Book Value per Share
- 118.64
- Face Value
- 5.00
- Total Debt
- 3,780
- Net Working Capital
- -4,923
- Contingent Liabilities
- 156
- Book Value per Share
- 118.64
- Face Value
- 5.00
Mar 2026
- Equity Capital
- 250
- 6,915
- 0
- Trade Payables
- 1,606
- 9,284
- Total Liabilities
- 18,056
- 14,038
- Capital Work in Progress
- 476
- 631
- 108
- Cash & Bank
- 61
- 2,741
- Total Assets
- 18,056
- Total Debt
- 2,694
- Net Working Capital
- -3,695
- Contingent Liabilities
- 161
- Book Value per Share
- 143.30
- Face Value
- 5.00
- Total Debt
- 2,694
- Net Working Capital
- -3,695
- Contingent Liabilities
- 161
- Book Value per Share
- 143.30
- Face Value
- 5.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,516 | 988 | 493 | -316 | 1,517 | 1,258 | 5,108 | 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 | |
| Free Cash Flow | -3,529 | -229 | -1,003 | -1,794 | 139 | 336 | 2,893 | 588 | 2,221 | 3,367 |
| OCF / Net Profit | 2.30 | -8.83 | -0.68 | 0.12 | -1.47 | 0.75 | 9.30 | 7.03 | 3.07 | 2.58 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -6,416 | -2,551 | 571 | 2,162 | 6,177 | 9,405 |
| OCF / Net Profit | 2.30 | -8.83 | -0.68 | 0.12 | -1.47 | 0.75 | 9.30 | 7.03 | 3.07 | 2.58 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -6,416 | -2,551 | 571 | 2,162 | 6,177 | 9,405 |
Mar 2017
- 1,516
- Cash from Investing
- -1,644
- Cash from Financing
- 5
- -123
- Free Cash Flow
- -3,529
- OCF / Net Profit
- 2.30
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.30
- Cumulative 5-Year FCF
- 0
Mar 2018
- 988
- Cash from Investing
- -1,488
- Cash from Financing
- 288
- -212
- Free Cash Flow
- -229
- OCF / Net Profit
- -8.83
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -8.83
- Cumulative 5-Year FCF
- 0
Mar 2019
- 493
- Cash from Investing
- -1,166
- Cash from Financing
- 560
- -114
- Free Cash Flow
- -1,003
- OCF / Net Profit
- -0.68
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.68
- Cumulative 5-Year FCF
- 0
Mar 2020
- -316
- Cash from Investing
- -1,076
- Cash from Financing
- 1,864
- 473
- Free Cash Flow
- -1,794
- OCF / Net Profit
- 0.12
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.12
- Cumulative 5-Year FCF
- 0
Mar 2021
- 1,517
- Cash from Investing
- -882
- Cash from Financing
- -604
- 30
- Free Cash Flow
- 139
- OCF / Net Profit
- -1.47
- Cumulative 5-Year FCF
- -6,416
- OCF / Net Profit
- -1.47
- Cumulative 5-Year FCF
- -6,416
Mar 2022
- 1,258
- Cash from Investing
- -1,382
- Cash from Financing
- 183
- 59
- Free Cash Flow
- 336
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- -2,551
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- -2,551
Mar 2023
- 5,108
- Cash from Investing
- -2,031
- Cash from Financing
- -3,111
- -34
- Free Cash Flow
- 2,893
- OCF / Net Profit
- 9.30
- Cumulative 5-Year FCF
- 571
- OCF / Net Profit
- 9.30
- Cumulative 5-Year FCF
- 571
Mar 2024
- 3,546
- Cash from Investing
- -1,155
- Cash from Financing
- -2,404
- -13
- Free Cash Flow
- 588
- OCF / Net Profit
- 7.03
- Cumulative 5-Year FCF
- 2,162
- OCF / Net Profit
- 7.03
- Cumulative 5-Year FCF
- 2,162
Mar 2025
- 4,583
- Cash from Investing
- -2,341
- Cash from Financing
- -2,265
- -23
- Free Cash Flow
- 2,221
- OCF / Net Profit
- 3.07
- Cumulative 5-Year FCF
- 6,177
- OCF / Net Profit
- 3.07
- Cumulative 5-Year FCF
- 6,177
Mar 2026
- 4,464
- Cash from Investing
- -2,010
- Cash from Financing
- -2,438
- 16
- Free Cash Flow
- 3,367
- OCF / Net Profit
- 2.58
- Cumulative 5-Year FCF
- 9,405
- OCF / Net Profit
- 2.58
- Cumulative 5-Year FCF
- 9,405
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 26.40 | -4.48 | -28.88 | -108.66 | -41.36 | 66.98 | 21.97 | 10.09 | 29.87 | 34.66 |
| Book Value (₹) | 267.31 | 259.57 | 230.70 | 120.80 | 79.44 | 146.42 | 168.38 | 92.77 | 118.64 | 143.30 |
| Dividend per Share (₹) | 9.27 | 2.72 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 4.00 | 10.00 | 18.00 |
| Cash EPS (₹) | 30.22 | 15.14 | 5.73 | -29.34 | 5.03 | 62.31 | 42.05 | 44.87 | 71.76 | 78.93 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 38.28% | 18.94% | 0.79% | 13.63% | 26.11% | 35.20% | 44.47% | 47.42% | 49.10% | 52.28% |
| Net Margin % | 12.88% | -2.54% | -19.98% | -70.12% | -22.46% | 30.98% | 8.35% | 7.12% | 17.47% | 18.53% |
| ROE % | 10.20% | -1.70% | -11.78% | -61.83% | -41.31% | 59.31% | 13.96% | 11.40% | 28.26% | 26.47% |
| ROCE % | 14.03% | -0.50% | -10.10% | -34.38% | -5.26% | 25.64% | 12.87% | 15.72% | 26.03% | 29.30% |
| 7.31% | -1.12% | -6.81% | -21.54% | -7.34% | 11.31% | 3.31% | 2.87% | 8.32% | 9.55% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 12 | 14 | 13 | 15 | 15 | 76 | 62 | 15 | 12 | 4 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8908 |
| 12 | 14 | 13 | 15 | 15 | 76 | 62 | 15 | 12 | -8904 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.22x | 0.33x | 0.51x | 1.72x | 3.01x | 1.97x | 1.49x | 1.04x | 0.64x | 0.38x |
| Interest Coverage (x) | 11.45x | -0.31x | -3.54x | -5.53x | -0.75x | 4.22x | 2.15x | 2.43x | 3.63x | 4.77x |
| 0.23x | 0.25x | 0.19x | 0.31x | 0.27x | 0.65x | 0.47x | 0.32x | 0.28x | 0.38x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -1.22% | -13.99% | -18.03% | 7.21% | 18.80% | 17.45% | 21.72% | 7.75% | 20.58% | 9.43% |
| Operating Profit Growth % | -7.87% | -57.45% | -96.59% | 1753.33% | 127.47% | 58.37% | 53.77% | 23.41% | 21.28% | 16.79% |
| Net Profit Growth % | -35.84% | -116.95% | -545.22% | -276.25% | 61.94% | 261.97% | -67.20% | -8.16% | 196.11% | 16.04% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -54.08% | 196.11% | 16.04% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 48.79x | 43.38x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 12.28x | 10.49x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.69% | 1.20% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.39x | 17.50x | 15.22x |
Mar 2017
- EPS (₹)
- 26.40
- Book Value (₹)
- 267.31
- Dividend per Share (₹)
- 9.27
- Cash EPS (₹)
- 30.22
- Operating Margin %
- 38.28%
- Net Margin %
- 12.88%
- ROE %
- 10.20%
- ROCE %
- 14.03%
- 7.31%
- Debtor Days
- 12
- Inventory Days
- 0
- Payable Days
- 0
- 12
- Debt to Equity (x)
- 0.22x
- Interest Coverage (x)
- 11.45x
- 0.23x
- Revenue Growth %
- -1.22%
- Operating Profit Growth %
- -7.87%
- Net Profit Growth %
- -35.84%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -4.48
- Book Value (₹)
- 259.57
- Dividend per Share (₹)
- 2.72
- Cash EPS (₹)
- 15.14
- Operating Margin %
- 18.94%
- Net Margin %
- -2.54%
- ROE %
- -1.70%
- ROCE %
- -0.50%
- -1.12%
- Debtor Days
- 14
- Inventory Days
- 0
- Payable Days
- 0
- 14
- Debt to Equity (x)
- 0.33x
- Interest Coverage (x)
- -0.31x
- 0.25x
- Revenue Growth %
- -13.99%
- Operating Profit Growth %
- -57.45%
- Net Profit Growth %
- -116.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -28.88
- Book Value (₹)
- 230.70
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.73
- Operating Margin %
- 0.79%
- Net Margin %
- -19.98%
- ROE %
- -11.78%
- ROCE %
- -10.10%
- -6.81%
- Debtor Days
- 13
- Inventory Days
- 0
- Payable Days
- 0
- 13
- Debt to Equity (x)
- 0.51x
- Interest Coverage (x)
- -3.54x
- 0.19x
- Revenue Growth %
- -18.03%
- Operating Profit Growth %
- -96.59%
- Net Profit Growth %
- -545.22%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -108.66
- Book Value (₹)
- 120.80
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -29.34
- Operating Margin %
- 13.63%
- Net Margin %
- -70.12%
- ROE %
- -61.83%
- ROCE %
- -34.38%
- -21.54%
- Debtor Days
- 15
- Inventory Days
- 0
- Payable Days
- 0
- 15
- Debt to Equity (x)
- 1.72x
- Interest Coverage (x)
- -5.53x
- 0.31x
- Revenue Growth %
- 7.21%
- Operating Profit Growth %
- 1753.33%
- Net Profit Growth %
- -276.25%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -41.36
- Book Value (₹)
- 79.44
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.03
- Operating Margin %
- 26.11%
- Net Margin %
- -22.46%
- ROE %
- -41.31%
- ROCE %
- -5.26%
- -7.34%
- Debtor Days
- 15
- Inventory Days
- 0
- Payable Days
- 0
- 15
- Debt to Equity (x)
- 3.01x
- Interest Coverage (x)
- -0.75x
- 0.27x
- Revenue Growth %
- 18.80%
- Operating Profit Growth %
- 127.47%
- Net Profit Growth %
- 61.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 66.98
- Book Value (₹)
- 146.42
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 62.31
- Operating Margin %
- 35.20%
- Net Margin %
- 30.98%
- ROE %
- 59.31%
- ROCE %
- 25.64%
- 11.31%
- Debtor Days
- 76
- Inventory Days
- 0
- Payable Days
- 0
- 76
- Debt to Equity (x)
- 1.97x
- Interest Coverage (x)
- 4.22x
- 0.65x
- Revenue Growth %
- 17.45%
- Operating Profit Growth %
- 58.37%
- Net Profit Growth %
- 261.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 21.97
- Book Value (₹)
- 168.38
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 42.05
- Operating Margin %
- 44.47%
- Net Margin %
- 8.35%
- ROE %
- 13.96%
- ROCE %
- 12.87%
- 3.31%
- Debtor Days
- 62
- Inventory Days
- 0
- Payable Days
- 0
- 62
- Debt to Equity (x)
- 1.49x
- Interest Coverage (x)
- 2.15x
- 0.47x
- Revenue Growth %
- 21.72%
- Operating Profit Growth %
- 53.77%
- Net Profit Growth %
- -67.20%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 10.09
- Book Value (₹)
- 92.77
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 44.87
- Operating Margin %
- 47.42%
- Net Margin %
- 7.12%
- ROE %
- 11.40%
- ROCE %
- 15.72%
- 2.87%
- Debtor Days
- 15
- Inventory Days
- 0
- Payable Days
- 0
- 15
- Debt to Equity (x)
- 1.04x
- Interest Coverage (x)
- 2.43x
- 0.32x
- Revenue Growth %
- 7.75%
- Operating Profit Growth %
- 23.41%
- Net Profit Growth %
- -8.16%
- -54.08%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 1.39x
Mar 2025
- EPS (₹)
- 29.87
- Book Value (₹)
- 118.64
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 71.76
- Operating Margin %
- 49.10%
- Net Margin %
- 17.47%
- ROE %
- 28.26%
- ROCE %
- 26.03%
- 8.32%
- Debtor Days
- 12
- Inventory Days
- 0
- Payable Days
- 0
- 12
- Debt to Equity (x)
- 0.64x
- Interest Coverage (x)
- 3.63x
- 0.28x
- Revenue Growth %
- 20.58%
- Operating Profit Growth %
- 21.28%
- Net Profit Growth %
- 196.11%
- 196.11%
- P/E (x)
- 48.79x
- P/B (x)
- 12.28x
- Dividend Yield %
- 0.69%
- 17.50x
Mar 2026
- EPS (₹)
- 34.66
- Book Value (₹)
- 143.30
- Dividend per Share (₹)
- 18.00
- Cash EPS (₹)
- 78.93
- Operating Margin %
- 52.28%
- Net Margin %
- 18.53%
- ROE %
- 26.47%
- ROCE %
- 29.30%
- 9.55%
- Debtor Days
- 4
- Inventory Days
- 0
- Payable Days
- 8908
- -8904
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 4.77x
- 0.38x
- Revenue Growth %
- 9.43%
- Operating Profit Growth %
- 16.79%
- Net Profit Growth %
- 16.04%
- 16.04%
- P/E (x)
- 43.38x
- P/B (x)
- 10.49x
- Dividend Yield %
- 1.20%
- 15.22x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-21 - Bharti Hexacom Limited has informed the Exchange about Schedule of meet
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-13 - Bharti Hexacom Limited has informed the Exchange about Schedule of meet
Annual Reports
Nothing filed yet.
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2026
Feb 2026