MoneyWorks4Me

Bharti Hexacom Ltd (BHARTIHEXA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544162 NSE: BHARTIHEXA Telecommunication - Service Provider | Mid Cap | Bharti Hexacom Share Price

₹1,545.20 5.95 (0.39%)

As on 11-Sep'26 14:41

Bharti Hexacom Ltd (BHARTIHEXA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544162 NSE: BHARTIHEXA Telecommunication - Service Provider | Mid Cap | Bharti Hexacom Share Price

₹1,545.20 5.95 (0.39%)

As on 11-Sep'26 14:41

Key Metrics
Valuation Multiples
Market Cap
₹76,963 Cr.
Current Price
₹1,545.2
52-Week Low / High
₹1,431 / 1,955
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
24.3
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
9.43%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
70.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹250 Cr.
Face Value
₹5
All Time Low / High
₹755.20 / 2051.00

Bharti Hexacom stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Bharti Hexacom Ltd a good quality company?
Bharti Hexacom Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Bharti Hexacom Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Bharti Hexacom Ltd vs industry peers?
Bharti Hexacom Ltd revenue CAGR is 15.24%, compared to the industry median CAGR of 15.24%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Bharti Hexacom Ltd?
Promoters hold 70.00% of the Bharti Hexacom Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Bharti Hexacom Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -11.32% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bharti Hexacom Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 14%-0.5%-10.1%-34.4%-5.3%25.6%12.9%15.7%26%29.3%-
Value Creation
Index
0.3-1.0-1.9-4.1-1.51.30.10.11.31.6-

Growth Parameters

Sales 5,1264,4083,6143,8744,6025,4056,5797,0898,5489,3549,601
Sales YoY Gr.--14%-18%7.2%18.8%17.5%21.7%7.8%20.6%9.4%-
Adj EPS 13.8-2.3-15.9-23.7-16.66.210.613.726.734.336.5
YoY Gr.--116.7%NANANANA72%29.9%94.3%28.4%-
BVPS (₹) 133.7129.8115.460.439.773.284.292.8118.6143.3153
Adj Net
Profit
689-115-797-1,185-8283085296871,3351,7141,824
Cash Flow from Ops. 1,516988493-3161,5171,2585,1083,5464,5834,464-
Debt/CF from Ops. 12.26-16.43.95.71.21.40.80.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6.9%15.2%12.5%9.4%
Adj EPS 10.7%NA48%28.4%
BVPS0.8%29.3%19.4%20.8%
Share Price - - - -10.6%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
10.7-1.7-13-27-33.110.913.415.525.326.224.6
Op. Profit
Mgn %
38.117.50.512.322.933.542.347.449.152.352.6
Net Profit
Mgn %
13.5-2.6-22.1-30.6-185.789.715.618.319
Debt to
Equity
0.20.30.51.7321.510.60.4-
Working Cap
Days
1979613623027029423616813611640
Cash Conv.
Cycle
-54-58-84-114-143-63-42-86-78-87-78

Valuation of Bharti Hexacom - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

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No data found!
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Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Bharti Hexacom Ltd FAQs

The current trading price of Bharti Hexacom on 11-Sep-2026 14:41 is ₹1,545.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Bharti Hexacom stood at ₹76,962.5 Cr

The latest P/E ratio of Bharti Hexacom as of 10-Sep-2026 is 42.19.

The latest P/B ratio of Bharti Hexacom as of 10-Sep-2026 is 10.06.

The 52-week high of Bharti Hexacom is ₹1,955 and the 52-week low is ₹1,431.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bharti Hexacom is ₹9,601 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bharti Hexacom Ltd is a below average quality company.

The key valuation ratios of Bharti Hexacom Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Bharti Hexacom Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Bharti Hexacom Ltd

The company was originally incorporated under the Companies Act, 1956 as ‘Hexacom India Limited’, and was issued a certificate of incorporation on April 20, 1995 and subsequently, a certificate for commencement of business by the Registrar of Companies, NCT of Delhi & Haryana at New Delhi on April 26, 1995. Subsequently, the name of the company changed to ‘Bharti Hexacom Limited’, pursuant to a special resolution passed by its shareholders at its extraordinary general meeting (EGM) held on September 10, 2004 and a fresh certificate of incorporation was issued by the Registrar of Companies, NCT of Delhi & Haryana at New Delhi on December 2, 2004.

Bharti Hexacom is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. It offers its services under the brand ‘Airtel’. It has a distinct strategy to premiumise its portfolio by acquiring and retaining quality customers and deliver an experience to them through its omnichannel approach and use of data science. It has a gamut of digital offerings to enhance customer engagement and differentiated customised offerings through family and converged plans under Airtel Black proposition. It undertakes prudent cost optimisation measures to improve its profitability and maintain an efficient capital structure with a comfortable leverage position. It continuously invests in network expansion, technology advancement and judicious spectrum investments. It also derives significant synergies from its relationship with its Promoter, Airtel, through the expansive digital infrastructure, digital experience and the digital services it provides to its customers.

Business area of the company

The company provides telephony (mobile and landline) and broadband services in Rajasthan and North East telecom circles in India. 

Key awards, accreditations or recognitions

  • 2022: Received a letter of appreciation from the Department of Telecommunications for the efforts and contribution in the joint survey regarding mobile coverage testing conducted by Rajasthan Licensed Service Area, DoT from February 21, 2022 to March 14, 2022 along international borders in Rajasthan. 

Major events and milestones

  • 1995: Incorporation of the company as ‘Hexacom India Limited’ and receipt of certificate for commencement of business from the RoC.
  • 2004: The name of the company was changed to ‘Bharti Hexacom Limited’.
  • 2011: Launch of 3G services in Jaipur, which was the company’s first launch in North India.
  • 2015: Launch of 4G technology in Meghalaya’s capital Shillong, the first in the North East circle.
  • 2016: Launch of Platinum 3G services to customers in Agartala in Tripura, Itanagar in Arunachal Pradesh, Imphal and Churachandpur in Manipur.
  • 2016: Launch of its first 4G service in Ajmer, which marked the rollout of Rajasthan’s first 4G services followed by launch of 4G services in Kota and Jaipur.
  • 2016: Launch of 15th Company-Owned-Company-Operated retail store in Rajasthan.
  • 2016: Launch of 2G and 3G services to mobile services in towns of Lumla, Nafra and Longding in Arunachal Pradesh, which was the first time that customers in these towns gained access to 3G mobile services.
  • 2017: The company entered into an agreement with USOF to provide 4G based mobile services in identified uncovered villages and along national highways under the USOF Scheme in Arunachal Pradesh, Manipur, Mizoram, Tripura and Nagaland.
  • 2017: Received approval from DoT for the transfer of Tikona Digital Networks Private Limited 2300MHz spectrum in Rajasthan.
  • 2019: Coverage of 4G network extended to 297 towns, 35,674 villages and over 20 million customers across Rajasthan.
  • 2019: Transfer of demerged undertakings of Tata Teleservices Limited to Bharti Airtel Limited and the company.
  • 2020: The company entered into an agreement with USOF to provide 4G based mobile services in identified uncovered villages and along national highways in Meghalaya.
  • 2021: The company entered into an agreement with USOF to provide 4G based mobile services in identified uncovered villages under the USOF Scheme in Arunachal Pradesh.
  • 2021: The company entered into an agreement with USOF to provide 4G based mobile services in identified uncovered villages in aspirational districts under the USOF Scheme in Rajasthan.
  • 2021: Launch of Airtel Black.
  • 2023: Launch of 5G services in Jaipur, Udaipur, Kota, Jodhpur, Ajmer, Alwar, Bikaner and Bhilwara in Rajasthan.
  • 2023: Launch of Airtel 5G Plus services in Shillong and Meghalaya.
  • 2023: Airtel customers in Itanagar can now experience fast network and enjoy speeds up to 20-30 times faster than the current 4G speeds.
  • 2023: Launch of 5G services in the North-East, i.e., in Kohima in Nagaland, Itanagar in Arunachal Pradesh, Aizawl in Mizoram, Gangtok in Sikkim, Silchar, Dibrugarh and Tinsukia in Assam.
  • 2023: Activation of Airtel 4G in Anini, Dibang Valley, Arunachal Pradesh.
  • 2023: Crossed 1.7 million unique 5G customers on its network in the North East states of Arunachal Pradesh, Sikkim, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura.
  • 2023: Extends 5G coverage to 50 districts of Rajasthan empowering 2.7 million customers.
  • 2024: Introduction of in-flight roaming plans for customers.
  • 2024: Launch of two next-gen stores in Agartala, Tripura.


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