Skip to content
thestock.space

Bharti Hexacom (BHARTIHEXA) had a P/E of 42.3× on 6 Nov 2026, above the industry P/E of 18.5×, and the shares are 11% below their 52-week high. It earns ROCE of 21% and ROE of 26%, and sales and net profit grew 12% and 47% a year over 3 years. Its dividend yield is 1.1%, and debt is 0.86× equity. It is a mid-cap company with a market cap of ₹83,220 Cr, ranked 4th of 20 Telecom Services companies by market cap; the shares fell 9.3% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,678.20
Day high
₹1,701.90
Day low
₹1,624.10
Prev. close
₹1,698.60
Volume
2.4 L

Health check

1 good · 3 fair · 2 to check
  • ReturnsIn line

    −9.3% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 42.3 vs industry 18.5.

  • GrowthSteady

    Sales +12.4%, profit +46.7% a year over 3 years.

  • ProfitabilityStrong

    ROCE 21.1% vs peer median 17.5%.

  • Balance sheetFair

    Debt 0.86× equity, interest covered 5.5×, Piotroski 9 of 9.

  • Red flags1 to check

    P/E of 42.3 against an industry P/E of 18.5.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Telecom Services

19 listed peers. Screen the industry

Mid cap

₹83,220 Cr, #4 of 20 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹9,601 Cr · profit ₹1,824 Cr
Market cap
₹83,220 Cr
Mid cap
P/E
42.3
Industry 18.5
Price to book
11.61
Peers 2.56
Dividend yield
1.08%
ROE
26.5%
Peers 18.8%
ROCE
21.1%
Peers 17.5%
Debt to equity
0.86
Debt ₹6,137 Cr
EPS (TTM)
₹39.37
Face value ₹5
OPM (TTM)
52.9%
Net margin 19.0%
Sales growth
+10.9%
Latest quarter vs a year ago
Profit growth
+23.2%
Latest quarter vs a year ago
Price to sales
8.67
EV/EBITDA 19.2

Strengths and risks

Strengths

  • Return on equity of 26.5%.
  • Return on capital employed of 21.1%.
  • Quarterly profit up 23.2% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 42.3 against an industry P/E of 18.5.

Derived automatically from reported figures. Not a recommendation.

About Bharti Hexacom

Bharti Hexacom Limited provides mobile services, fixed-line telephone, and broadband services to end consumers under the Airtel brand in India and internationally. It operates through Mobile Services; and Homes, Office and Other 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…

Headquarters
New Delhi
Employees
546
Sector
Communication Services
ISIN
INE343G01021
Website
bhartihexacom.in

Price range

52 weeks

₹1,359.20₹1,860.00

Today

₹1,624.10₹1,701.90
Avg volume (3M)
1.7 L
1-year return
minus 9.3%
From 52-week high
minus 10.5%

Analyst consensus

15 analysts
BuyMean target ₹1,863.93 plus 12.0%

Target range, with today’s price

Low ₹1,450.00High ₹2,140.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Telecom Services

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
BHARTIARTLBharti Airtel2,107.20plus 2.45%13,15,37141.512.116.7%57.1%1.0014.9%minus 2.7%
IDEAVodafone Idea12.76minus 1.01%1,38,2463.717.136.9%42.7%–2.1%plus 37.0%
INDUSTOWERIndus Towers383.10minus 0.03%1,01,06114.26.418.4%54.6%0.564.6%minus 2.4%
BHARTIHEXABharti Hexacom1,664.40minus 2.01%83,22042.317.321.1%52.9%0.8612.4%minus 9.3%
TATACOMMTata Communications1,704.80minus 0.52%48,60144.112.315.3%19.9%3.7111.6%minus 10.1%
TTMLTata Teleservices (Maharashtra)39.77plus 12.57%7,77526.043.1–55.0%–1.5%minus 36.3%
RAILTELRailtel Corporation Of India241.05minus 0.16%7,73622.811.018.7%14.6%0.0329.8%minus 33.7%
ROUTEROUTE MOBILE451.50minus 1.66%2,8458.13.012.5%7.7%0.017.3%minus 35.5%
Median of 7 peers–−0.16%48,60122.812.117.5%42.7%0.567.3%−10.1%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
2,2632,3602,4142,5102,582
1,1021,1051,1471,1881,205
1,1611,2541,2671,3221,377
51.3%53.2%52.5%52.7%53.3%
47.537.577.672.163.9
154147149149140
527567565593600
–−9.1−24.6––
527569606653701
25.7%16.7%26.3%26.1%19.3%
392474447482566
7.839.478.939.6511.32

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+12.4%
Profit CAGR 3Y
+46.7%
EPS CAGR 3Y
+46.7%
ROE
26.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6,5797,0898,5489,354
–+7.7%+20.6%+9.4%
3,6633,6084,3004,279
2,9173,4814,2485,075
44.3%49.1%49.7%54.3%
−53.40.6−69.3−85
573558604506
1,5531,7392,0952,213
−3.4−261328−4.8
7349231,8092,266
25.2%45.4%17.4%23.5%
5495041,4941,733
–minus 8.2%+196.1%+16.0%
10.9810.0929.8734.66

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
250250250250
3,9604,1895,6826,915
9,1648,0637,1005,859
4,8796,0166,2196,027
18,25318,51719,25119,051
7,1788,4088,7968,745
469204315483
193193193193
1,9321,1781,0601,492
8,4818,5358,8888,138
18,25318,51719,25119,051

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
5,1083,5464,5834,464
−2,031−1,155−2,341−2,010
−3,111−2,404−2,265−2,438
−33.9−12.6−22.715.9
−945−2,058−2,517−1,483
4,1641,4882,0662,981
–−75−200−500

Shareholding pattern

Source: NSE filings
70.0%
promoters
  • Promoters70.00%
  • Public30.00%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202670.00%30.00%0.00
30 Jun 202670.00%30.00%0.00
31 Mar 202670.00%30.00%0.00
31 Dec 202570.00%30.00%0.00
30 Sep 202570.00%30.00%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you