Bharti Hexacom Ltd.

NSE: BHARTIHEXA · Telecom - Cellular & Fixed line services

52W Range₹1,430 ₹1,956

Snapshot

Unlock Bharti Hexacom Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Bharti Hexacom Limited provides comprehensive mobile, fixed-line, and broadband services under the Airtel brand. The company serves as a subsidiary of Bharti Airtel, focusing on wireless voice, data communication, and integrated household digital solutions.

Business Model

The company generates revenue through pre-paid and post-paid wireless subscriptions, data services, and bundled household offerings like Airtel Black. It leverages the established Airtel infrastructure to provide connectivity solutions across its operational footprint.

Growth Outlook

Growth is driven by the expansion of data services and the increasing adoption of integrated household connectivity solutions. The company continues to focus on enhancing its network footprint to capture rising demand for digital communication.

Key Risks

  • Regulatory Environment. The telecom sector is subject to stringent government regulations and licensing requirements that can impact operational costs and profitability.
  • Intense Market Competition. The Indian telecommunications market is highly competitive, with aggressive pricing strategies from major players potentially impacting margins.
  • Technological Obsolescence. Rapid advancements in telecommunications technology require continuous capital expenditure to upgrade infrastructure and maintain service quality.
  • Parent Company Dependency. As a subsidiary of Bharti Airtel, the company's strategic direction and operational efficiency are closely linked to the parent entity's performance and policies.

Price

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Key Metrics

REVENUE

₹9,354 Cr

TTM · standalone

+9.4%YoY

NET PROFIT

₹1,733 Cr

TTM · standalone

+16.0%YoY

EPS

₹34.65

TTM · standalone

+16.0%YoY

RETURN ON EQUITY

27.8%

TTM · standalone

-2.3 ppYoY

RETURN ON CAPITAL EMPLOYED

22.8%

TTM · standalone

+0.8 ppYoY

P/E

47.0x

Q4 FY26 · standalone

47.0 vs 54.2x5Y avg

EV/EBITDA

16.4x

Q4 FY26 · standalone

16.4 vs 18.2x5Y avg

EBITDA MARGIN

54.7%

TTM · standalone

+3.5 ppYoY

NET PROFIT MARGIN

18.5%

Q4 FY26 · standalone

-2.0 ppYoY

DEBT TO EQUITY

0.4%

Q4 FY26 · standalone

-0.3 ppYoY

Peers · Telecom - Cellular & Fixed line services

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Bharti Hexacom Ltd.BHARTIHEXA
78,15546.9816.439.4%54.7%27.8%22.8%-10.0%
Bharti Airtel Ltd.BHARTIARTL
10,97,58141.8810.6722.0%58.1%27.6%19.2%-0.8%
Vodafone Idea Ltd.IDEA
96,6414.3815.243.0%43.6%-56.0%38.7%+77.4%
Tata Communications Ltd.TATACOMM
40,44450.2312.177.0%20.7%31.9%15.5%+6.7%
Tata Teleservices (Maharashtra) Ltd.TTML
6,803-36.9945.22-11.3%54.5%1.1%-10.7%-36.7%
M T N LMTNL
1,506-0.5883.7418.0%53.8%11.2%3.5%-43.4%

As of Q4 FY26

Financials