Bharti Hexacom Limited
₹1,636.90-₹19.55 (-1.2%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹83,980 Cr
- P/E
- 52.3x
- EV / EBITDA
- 27.6x
- Revenue
- ₹8,548 Cr
- Net margin
- 7.1%
- ROCE
- 26.4%
Price chart
Technical chartScreen technicals →-12.2% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +14.9%
- 3M
- -0.8%
- 6M
- +8.1%
- 1Y
- -12.2%
- 5Y
- +101.2%
52-week range
Day change -₹19.55 (-1.2%) from ₹1,656 to ₹1,637 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in BHARTIHEXA, bought on each weekday since 2024.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 40.0%
Concerns1
- Weak short-term liquidity — current ratio of 0.77x
Rule-based from financial data. Not advice.
About the company
Bharti Hexacom Limited provides mobile services, fixed-line telephone, and broadband services to end consumers under the Airtel brand in India. It operates through Mobile Services and Home and Office Services segments. The Mobile Services segment provides voice and data telecom services through wireless technology comprising 2G, 4G, and 5G networks; and offers intra-city fiber networks.
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Bharti Hexacom Limited provides mobile services, fixed-line telephone, and broadband services to end consumers under the Airtel brand in India. It operates through Mobile Services and Home and Office Services segments. The Mobile Services segment provides voice and data telecom services through wireless technology comprising 2G, 4G, and 5G networks; and offers intra-city fiber networks. The Home and Office Services segment offers voice and data communications through fixed-line network and broadband technology for homes and offices. It also offers subscriptions for voice, data, messaging, and interconnection/roaming services, as well as other added value services. In addition, the company provides Airtel Black, a solution for households that combines mobility, Wi-Fi, digital TV, and OTT. The company was formerly known as Hexacom India Limited and changed its name to Bharti Hexacom Limited in December 2004. The company was incorporated in 1995 and is based in New Delhi, India. Bharti Hexacom Limited is a subsidiary of Bharti Airtel Limited.
- Sector
- Technology
- Shares outstanding
- 50.0 Cr shares
- ISIN
- INE343G01021
- BSE code
- 544162
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹83,980 Cr
- P/E
- 52.3x
- P/B
- 13.4x
- EV / EBITDA
- 27.6x
- EV / Sales
- 12.9x
- P/S
- 11.8x
- Earnings yield
- 1.9%
- 52-week high
- ₹1,927.05
- 52-week low
- ₹1,380.00
Profitability
- Operating margin
- 47.4%
- Net margin
- 7.1%
- EBITDA margin
- 46.6%
- ROE
- 10.9%
- ROCE
- 26.4%
- ROA
- 2.7%
- Dividend payout
- 40.0%
- Tax rate
- 45.0%
- Other income, % of PBT
- -5.9%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹8,548 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 20.6%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹3,307 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 13.0%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 196.4%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹3,546 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -30.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹23.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.4%
Solvency and efficiency
- Current ratio
- 0.77
- Debt / Equity
- 1.75
- Debt / Assets
- 0.44
- Debt / EBITDA
- 2.45
- Interest coverage
- 5.22
- Financial leverage
- 3.99
- CFO / Net profit
- 7.04
- Cash / Market cap
- 5.0%
- Cash per share
- ₹84.42
- Asset turnover
- 0.38
- Fixed asset turnover
- 0.52
- Capital intensity
- 1.92
- Debtor days
- 23 days
- Cash conversion cycle
- 23 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹17 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹4,351 Cr |
| Sales | Operating profit | ₹4,197 Cr |
| Operating profit | Interest | ₹688 Cr |
| Operating profit | Depreciation | ₹2,094 Cr |
| Operating profit | Profit before tax | ₹1,415 Cr |
| Other income | Profit before tax | ₹394 Cr |
| Profit before tax | Tax and other | ₹315 Cr |
| Profit before tax | Net profit | ₹1,494 Cr |
Revenue and net profit
Revenue grew 20.6% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹4,602 Cr | -₹1,034 Cr |
| FY2022 | ₹5,405 Cr | ₹1,675 Cr |
| FY2023 | ₹6,579 Cr | ₹549 Cr |
| FY2024 | ₹7,089 Cr | ₹504 Cr |
| FY2025 | ₹8,548 Cr | ₹1,494 Cr |
Cash flows
FY2025: ₹4,583 Cr from operations, ₹2,242 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹1,517 Cr | ₹635 Cr |
| FY2022 | ₹1,258 Cr | -₹124 Cr |
| FY2023 | ₹5,108 Cr | ₹3,077 Cr |
| FY2024 | ₹3,546 Cr | ₹2,391 Cr |
| FY2025 | ₹4,583 Cr | ₹2,242 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹8,548 Cr+20.6%1Y
- Net profit
- ₹1,494 Cr+196.4%1Y
- Cash from operations
- ₹4,583 Cr
- Free cash flow
- ₹2,242 Cr-6.2%1Y
- Revenue CAGR, 5Y
- 12.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹8,548 Cr | ₹4,197 Cr | — | ₹1,494 Cr | ₹4,583 Cr | ₹2,242 Cr | 25.2% | +20.6% | +196.4% |
Monthly returns
Month-by-month returns of BHARTIHEXA across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹19,251 Cr |
| Equity capital | ₹250 Cr |
| Reserves | ₹5,682 Cr |
| Borrowings | ₹7,353 Cr |
| Other liabilities | ₹5,966 Cr |
| Assets | ₹19,251 Cr |
| Fixed assets | ₹14,733 Cr |
| Capital work in progress | ₹297 Cr |
| Investments | ₹74 Cr |
| Other assets | ₹4,147 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
BHARTIHEXA trades at 52.3x earnings against a peer median of 52.1x.
Not shown (no positive earnings and no EV / Sales): VODAFONE IDEA LIMITED, PB Fintech Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Bharti Hexacom LimitedBHARTIHEXAthis company | ₹83,980 Cr | 52.3x | 13.4x | 10.9% | 27.6x |
| VODAFONE IDEA LIMITEDIDEA | ₹1.2 L Cr | — | -1.4x | 30.1% | 20.5x |
| INDUS TOWERS LIMITEDINDUSTOWER | ₹1.1 L Cr | 12.0x | 3.1x | 22.3% | 8.1x |
| Billionbrains Garage Ventures LimitedGROWW | ₹1.0 L Cr | 66.3x | — | -52.3% | -108.0x |
| Persistent Systems LimitedPERSISTENT | ₹1.0 L Cr | 68.6x | 15.0x | 20.6% | 66.6x |
| Info Edge(India) Ltd.NAUKRI | ₹86,455 Cr | 82.5x | 1.9x | 3.3% | 71.0x |
| PB Fintech LimitedPOLICYBZR | ₹75,814 Cr | — | 9.3x | 0.5% | 1567.2x |
| Dixon Technologies (India) LimitedDIXON | ₹68,191 Cr | 121.0x | 23.9x | 13.3% | 191.7x |
| Oracle Financial Services Software LimitedOFSS | ₹66,928 Cr | 19.9x | 10.5x | 32.8% | 24.4x |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
BHARTIHEXA since 1 January, against earlier years.
Historical volatility
BHARTIHEXA's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 23.0% |
| FY2022 | 34.0% |
| FY2023 | 42.0% |
| FY2024 | 47.0% |
| FY2025 | 49.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹8,548 Cr |
| Costs | |
| Interest | ₹688 Cr |
| Expenses | ₹4,351 Cr |
| Operating profitOperating Profit | ₹4,197 Cr |
| Other income and charges | |
| Profit before tax | ₹1,809 Cr |
| Tax | |
| Net profitNet Profit | ₹1,494 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹19,251 Cr |
| Equity capitalEquity Capital | ₹250 Cr |
| Reserves | ₹5,682 Cr |
| Borrowings | ₹7,353 Cr |
| Other liabilitiesOther Liabilities | ₹5,966 Cr |
| AssetsTotal Assets | ₹19,251 Cr |
| Fixed assetsFixed Assets | ₹14,733 Cr |
| Capital work in progressCWIP | ₹297 Cr |
| Investments | ₹74 Cr |
| Other assetsOther Assets | ₹4,147 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹4,583 Cr |
| Investing cash flowCash from Investing Activity | -₹2,341 Cr |
| Financing cash flowCash from Financing Activity | -₹2,265 Cr |
| Change in cashNet Cash Flow | -₹23 Cr |
Learn while you research
Academy chapters picked for Bharti Hexacom Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 52.3, learn when high multiples are justified.6 min read
- 04 Growth Investing21% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Leverage RatiosDebt/Equity of 1.75 is elevated, understand what that means for solvency.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read