BHARTIHEXATelecommunication

Bharti Hexacom Limited

Telecom - Cellular & Fixed line services · ISIN INE343G01021 · BSE 544162 · NSE EQ · FV ₹5
Last price
₹1,481
+0.12%today
What this company does

Bharti Hexacom Limited operates in Telecom - Cellular & Fixed line services, part of the Telecommunication sector. It booked ₹2,510 cr of revenue in its latest quarter (Q1 FY27) and kept 19.2% of sales as profit. It is the 2nd largest of 6 Telecom - Cellular & Fixed line services companies we track, by market value.

In the report:
70out of 100
Equitytale Health Score
Solid

Healthier than 70% of companies in Telecommunication, on the 5 of 6 measures we could read for it. Each measure is ranked against the 14–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
37

At close. Not part of the score.

Profitability & returns81

How much profit it earns on the money it employs

Balance sheet58

How much it owes, and whether earnings cover the interest

Cash quality90

Whether reported profit actually arrives as cash

Valuation27

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 19% net margin
Sales up 11% vs last year
Profit up 23% vs last year
Promoters hold 70%
No promoter shares pledged
Strong 27% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in BHARTIHEXA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,481 +0.12%
latest close · 2026-09-17
52-wk low ₹1,46542 sessions so far52-wk high ₹1,678
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio38.4High
LowAverageHigh
P/B ratio10.34High
Below bookModerateHigh
EV / EBITDA13.8Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity26.9%Strong
WeakFairStrong ▸15%
Return on capital24.4%Strong
WeakFairStrong
Net margin19.2%Strong
ThinDecentStrong
EBITDA margin55.6%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.38Comfortable
LowModerateHigh ▸1
Interest cover5.4×Strong
RiskyOkayStrong ▸5×
Current ratio0.38Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹74,055 cr
Book value
₹143
EPS
₹9.65
latest quarter
Net debt
₹2,661 cr
owes more than its cash
Enterprise value
₹76,716 cr
EBITDA
₹5,577 cr
annualised
EBIT
₹3,207 cr
annualised
Operating margin
31.9%
Return on assets
10.1%
Earnings yield
2.61%
P/S
7.38
Sales / share
₹200.8
Tax rate
26.1%
Face value
₹5
Shares
50.0 cr
Working capital
₹-3,695 cr
Current assets
₹2,225 cr
Current liabilities
₹5,920 cr
Delivery %
53.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹272₹329, midpoint ₹310

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,510 cr
Other Income₹72 cr
Total Income₹2,582 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹27 cr
Finance Costs₹149 cr
Depreciation & Amortisation₹593 cr
Other Expenses₹1,161 cr
Total Expenses₹1,929 cr
Profit before Tax₹653 cr
Tax Expense₹171 cr
Net Profit₹482 cr
Net margin on total income18.7%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹27 cr1.0%
Finance costs₹149 cr5.8%
Depreciation & amortisation₹593 cr22.9%
Other expenses₹1,161 cr45.0%
Tax expense₹171 cr6.6%
Profit for the period₹482 cr18.7%
Total income ₹2,582 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2,360 cr2,414 cr2,510 cr
Total income2,397 cr2,491 cr2,582 cr
Expenses1,819 cr1,861 cr1,929 cr
Profit before tax569 cr606 cr653 cr
Tax95 cr160 cr171 cr
Net profit (owners' share)474 cr447 cr482 cr
Net margin (owners' share, on revenue)20.1%18.5%19.2%
EPS (₹)9.478.939.65
YoY (latest quarter): total income +11.8% · net profit +23.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹19,051 cr
Shareholder equity
₹7,165 cr
parent shareholders
Total debt
₹2,694 cr
Cash
₹33 cr
Cash flow · H1 FY26
Operating
₹2,471 cr
Investing
₹-923 cr
Financing
₹-1,545 cr
Peer comparison
Telecom - Cellular & Fixed line services · by market value
CompanyPriceMarket capP/E
Vodafone Idea Limited₹14₹1.54 L cr
Bharti Hexacom Limitedthis company₹1,481₹74,055 cr38.4
Tata Communications Limited₹1,792₹51,064 cr95.1
Reliance Communications Limited₹1₹19,416 cr
Tata Teleservices (Maharashtra) Limited₹37₹7,163 cr
Mahanagar Telephone Nigam Limited₹24₹1,498 cr
Bharti Airtel Limited₹1,83634.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.22%
trailing 12 months
Dividend / share (TTM)
₹18
Last dividend
₹18
ex 31 Jul 2026
ActionDetailEx-date
Dividend₹18 / share31 Jul 2026
Dividend₹10 / share25 Jul 2025
Dividend₹4 / share16 Aug 2024
Who owns it · 2026-06-30
No pledge
Promoter
70.0%
FII / Foreign
3.6%
DII / Domestic
10.6%
Retail / others
15.8%
Smart-money activity
Bulk / block deals
short · NSE1014 Jul 26
short · NSE2814 May 26
short · NSE29518 Mar 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 11 Aug 2026
See the official result
1
To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2026 together with the reports of Auditors and Board of Directors thereon
Backed by 100% of shareholders other than promotersneeded 50%
14.11 cr votes for, 155 against · 0% of mutual funds and other big investors said no
2
To declare final dividend on equity shares for the financial year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
14.11 cr votes for, 144 against · 0% of mutual funds and other big investors said no
3
To re-appoint Mr. Jagdish Saksena Deepak (DIN: 02194470) as a Director, liable to retire by rotation
Backed by 99% of shareholders other than promotersneeded 50%
13.92 cr votes for, 19.21 L against · 3% of mutual funds and other big investors said no
4
To ratify remuneration to be paid to Cost Auditors of the Company
Backed by 100% of shareholders other than promotersneeded 50%
14.11 cr votes for, 169 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 168 named members
owning 70.0% between them · as of 2026-06-30
Bharti Airtel Limited70.00%
Airtel Africa (Mauritius) Limitedno shares
Airtel Africa Plcno shares
Airtel Africa Services (UK) Limitedno shares
Airtel Africa Telesonic Holdings Limitedno shares
Airtel Africa Telesonic Limitedno shares
Airtel Congo RDC S.A.no shares
Airtel Congo RDC Telesonic S.A.U.no shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.