Bharti Hexacom Limited
NSE: BHARTIHEXA · Telecom - Cellular & Fixed line services · sector
₹1,629.50NSE close 2026-10-26
Key numbers
Market cap₹81,475 cr
Price₹1,629.50
52w high / low₹1,956 / ₹1,359
P/E44.7xSector median 27.1x
P/B11.4xSector median 11.4x
Book value₹143.3
Dividend yield0.61%Sector median 1.02%
ROE27.9%Sector median 27.9%
ROCE30.3%Sector median 25.9%
OPM52.3%Sector median 40.3%
Debt / equity0.38xSector median 0.82x
EV/EBITDA16.6xSector median 14.3x
Interest cover5.0x
Current ratio0.38x
Sales growth 3y–Sector median +1.2%
Profit growth 3y–Sector median +14.8%
PEG1.36x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 9 companies in Telecom - Cellular & Fixed line services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹692 cr vs borrowings ₹2,694 cr (FY26): borrowings are higher by ₹2,003 cr.
- Operating profit covered interest 5.0x in the last 12 months.
- Operating cash flow was below net profit in 0 of the last 3 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 14% of net profit in the last 12 months.
- Debtor days went from 23 (FY24) to 4 (FY26).
- Dividend paid in 2 of the last 3 financial years.
- Price ₹1,629.50 on 2026-10-26: -16.7% from the 52-week high, +19.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,984.60 · low ₹1,296.45
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,098 | 2,251 | 2,289 | 2,263 | 2,317 | 2,360 | 2,414 | 2,510 |
| EBITDA | 1,002 | 1,046 | 1,168 | 1,161 | 1,208 | 1,245 | 1,243 | 1,322 |
| OPM % | 47.8% | 46.5% | 51.0% | 51.3% | 52.1% | 52.8% | 51.5% | 52.7% |
| Other income | 49 | 45 | 48 | 48 | 61 | 38 | 78 | 72 |
| Net profit | 253 | 261 | 468 | 392 | 421 | 474 | 447 | 482 |
| EPS (₹) | 5.06 | 5.22 | 9.37 | 7.83 | 8.42 | 9.47 | 8.93 | 9.65 |
| Revenue YoY | +10.5% | +4.8% | +5.4% | +10.9% | ||||
| Profit YoY | +66.4% | +81.6% | -4.6% | +23.2% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 7,089 | 8,548 | 9,354 | 9,601 |
| EBITDA | 3,058 | 4,410 | 4,857 | 5,018 |
| Net profit | 504 | 1,494 | 1,733 | 1,824 |
| EPS (₹) | 10.09 | 29.87 | 34.66 | 36.47 |
| Revenue growth | +20.6% | +9.4% | +7.9% | |
| Profit growth | +196.1% | +16.0% | +32.8% | |
| Dividend / share (₹) | – | 4.00 | 10.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +7.9% |
| Net profit | – | – | +32.8% |
| EPS | – | – | – |
| Share price | – | +3.9% (2y) | -10.1% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 4,639 | 5,932 | 7,165 |
| Borrowings | 4,835 | 3,780 | 2,694 |
| Cash & equivalents | 312 | 111 | 692 |
| Total assets | 18,517 | 19,251 | 19,051 |
| Fixed assets | 8,204 | 8,481 | 8,261 |
| Capital work in progress | 197 | 297 | 476 |
| Investments | 0 | 0 | 0 |
| Receivables | 445 | 108 | 108 |
| Inventory | 0 | 0 | 0 |
| Payables | 1,485 | 1,586 | 1,606 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | 3,546 | 4,583 | 4,464 |
| Cash from investing | -1,155 | -2,341 | -2,010 |
| Cash from financing | -2,404 | -2,265 | -2,438 |
| Capex | 2,094 | 2,531 | 1,493 |
| Free cash flow | 1,453 | 2,052 | 2,971 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 10.9% | 25.2% | 24.2% |
| ROCE % | 16.5% | 25.7% | 29.1% |
| Debtor days | 23 | 5 | 4 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 76 | 68 | 63 |
| Cash conversion cycle (days) | -53 | -63 | -59 |
| Working capital days | -265 | -210 | -144 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 70.00% |
| FIIs | 3.25% |
| DIIs | 11.03% |
| of which Mutual funds | 8.61% |
| of which Insurance | 2.28% |
| Government | 0.00% |
| Public (non-institutions) | 15.73% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 70.00% | 70.00% | 70.00% | 70.00% | 70.00% | 70.00% | 70.00% | 70.00% |
| Promoter group | % |
|---|---|
| Bharti Airtel Limited | 70.00% |
| Bharti Telecom Limited | 0.00% |
| Xtelify Limited | 0.00% |
| Airtel Limited | 0.00% |
| Airtel Payment Bank limited | 0.00% |
| Bharti Airtel Services Limited | 0.00% |
| Nxtra Data Limited | 0.00% |
| One Web India Communication Private Limited | 0.00% |
| Beetel Teletech Limited | 0.00% |
| Dixon Electro Appliance Private Limited | 0.00% |
| Hughes Communications India Private Limited | 0.00% |
| Lavelle Network Private Limited | 0.00% |
| Hughes Global Education India Private Limited | 0.00% |
| HCIL Comtel Private Limited | 0.00% |
| Indus Tower Limited (formerly Known as Bharti Infratel Limited) | 0.00% |
| Public holders above 1% | % |
|---|---|
| Telecommunications Consultants India Limited | 15.00% |
| Kotak Small CAP Fund | 2.42% |
| Motilal Oswal Midcap Fund | 1.28% |
85,764 shareholders. Pledged: – of promoter shares.
Peers in Telecom - Cellular & Fixed line services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BHARTIARTL | ₹11,18,941 cr | 39.1x | 7.5x | 22.0% | 25.9% | 55.1% | +14.9% | 1.02% |
| IDEA | ₹1,29,470 cr | 3.5x | – | – | 51.1% | 174.9% | +2.1% | – |
| BHARTIHEXA | ₹81,475 cr | 44.7x | 11.4x | 27.9% | 30.3% | 52.3% | – | 0.61% |
| TATACOMM | ₹47,929 cr | 43.4x | 14.1x | 35.3% | 15.3% | 19.1% | +11.6% | 1.49% |
| TTML | ₹8,119 cr | 27.1x | – | – | – | 110.4% | +1.6% | – |
| MTNL | ₹1,435 cr | – | – | – | -0.6% | -12.5% | +0.8% | – |
| RCOM | ₹221 cr | – | – | – | – | 40.3% | -13.1% | – |
| QUADRANT | ₹43 cr | 1.6x | – | – | – | 14.7% | -19.1% | – |
| CITYONLINE | ₹5 cr | 7.5x | – | – | – | -7.7% | -9.4% | – |
All 9 companies in Telecom - Cellular & Fixed line services →
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| - Mobile Services | ₹9,011 cr | 95.9% | ₹2,853 cr | 31.7% |
| - Homes, Office and Other Services | ₹381 cr | 4.1% | ₹3 cr | 0.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-31 | Dividend | Dividend - Rs 18 Per Share |
| 2025-07-25 | Dividend | Dividend - Rs 10 Per Share |
| 2024-08-16 | Dividend | Dividend - Rs 4 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Information and Communication: Wired, wireless or satellite telecommunication activities
| Sector | Telecommunication |
| Industry | Telecom - Cellular & Fixed line services |
| Sub-industry | Telecom - Cellular & Fixed line services |
| Symbol | BHARTIHEXA |
| BSE code | 544162 |
| ISIN | INE343G01021 |
| Face value | ₹5.0 |
| Incorporated | 1995-04-20 |
| Website | www.bhartihexacom.in |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.