Bharti Airtel vs Bharti Hexacom: share price, P/E, ROE and financials compared
Bharti Airtel
Bharti Hexacom
Bharti Airtel and Bharti Hexacom at a glance
Bharti Airtel and Bharti Hexacom are both listed in Telecommunication. Bharti Airtel is the larger by market cap, at ₹13.2L Cr against ₹83,220 Cr for Bharti Hexacom (15.8 times as large). On valuation, Bharti Airtel has the lower price-to-book (8.32× against 11.61×). On returns and margins, Bharti Airtel has the higher operating margin (56.8% against 52.4%), while Bharti Hexacom has the higher ROCE (21.1% against 16.7%) and the higher ROE (26.5% against 20.2%). Over three years, Bharti Airtel has faster 3-year sales growth (+14.9% against +12.4% a year). Bharti Hexacom carries less debt for its equity, with a debt-to-equity of 0.86× against 1.00×.
Key metrics, side by side
| Metric | Bharti AirtelBHARTIARTL | Bharti HexacomBHARTIHEXA |
|---|---|---|
| Price (₹) | 2,107.20 | 1,664.40 |
| Market cap (₹ Cr) | 13,15,371 | 83,220 |
| P/E | 41.5× | 42.3× |
| P/B | 8.32× (the lower figure, shaded) | 11.61× |
| Dividend yield, trailing | 1.14% | 1.08% |
| ROE | 20.2% | 26.5% (the higher figure, shaded) |
| ROCE | 16.7% | 21.1% (the higher figure, shaded) |
| Operating margin (OPM) | 56.8% (the higher figure, shaded) | 52.4% |
| Net margin (NPM) | 13.1% | 19.0% (the higher figure, shaded) |
| Sales CAGR 3Y | +14.9% (the higher figure, shaded) | +12.4% |
| Profit CAGR 3Y | +47.3% | +46.7% |
| Debt to equity | 1.00× | 0.86× (the lower figure, shaded) |
| Interest cover | 3.5× | 5.5× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | – | – |
| 1Y return | −2.7% (the higher figure, shaded) | −9.3% |
| Promoter holding | – | – |
Bharti Airtel vs Bharti Hexacom: common questions
Which is bigger, Bharti Airtel or Bharti Hexacom?
By market cap, Bharti Airtel is bigger at ₹13.2L Cr, against ₹83,220 Cr for Bharti Hexacom (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Bharti Airtel or Bharti Hexacom?
Bharti Airtel trades at a P/E of 41.5× and Bharti Hexacom at 42.3×. The two are close. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Bharti Airtel or Bharti Hexacom?
Bharti Airtel reports a return on equity of 20.2% and Bharti Hexacom 26.5%. Bharti Hexacom has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Bharti Airtel or Bharti Hexacom?
Over the last three years: Sales grew +14.9% a year at Bharti Airtel and +12.4% at Bharti Hexacom, so Bharti Airtel grew sales faster; profit grew +47.3% a year at Bharti Airtel and +46.7% at Bharti Hexacom. Past growth doesn’t predict future growth.