Bharti Hexacom Ltd

Bharti Hexacom Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bharti Hexacom Ltd

₹ 1,576 -0.53%
23 Mar - close price
bhartihexacom.in BSE: 544162 NSE: BHARTIHEXA
About

IIncorporated in 1995, Bharti Hexacom Ltd provides consumer mobile services, fixed-
line telephone and broadband services in Rajasthan and Northeast telecom circles[1]

Key Points

Business Overview:[1][2]
BHL provides mobile telephony services in Rajasthan and Northeast circles in terms of Unified License (with Access Service Authorization) granted by the Department of Telecommunications, and Government of India. Company also provides fixed line and broadband services in Rajasthan. BHL is the 2nd-largest wireless mobile operator in these two circles, with a market share of 37.6% by subscribers in May 2024

Website BSE NSE
  • Market Cap ₹ 78,735 Cr.
  • Current Price ₹ 1,576
  • High / Low ₹ 2,053 / 1,225
  • Stock P/E 44.7
  • Book Value ₹ 125
  • Dividend Yield 0.63 %
  • ROCE 17.4 %
  • ROE 25.2 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 35.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 28.9%

Cons

  • Stock is trading at 12.6 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Telecommunication Telecommunication Telecom - Services Telecom - Cellular & Fixed line services

Part of BSE 500 BSE 200 BSE Dollex 200 BSE Teck Nifty 500

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
1,680 1,732 1,682 1,738 1,801 1,868 1,911 2,098 2,251 2,289 2,263 2,317 2,360
956 962 852 913 973 990 1,035 1,096 1,099 1,121 1,102 1,109 1,105
Operating Profit 723 770 830 826 828 878 876 1,002 1,152 1,168 1,161 1,208 1,254
OPM % 43% 44% 49% 48% 46% 47% 46% 48% 51% 51% 51% 52% 53%
40 44 80 -246 62 49 358 49 -61 48 48 61 28
Interest 165 149 154 156 169 166 162 175 180 171 154 151 147
Depreciation 396 395 414 432 433 460 496 536 532 531 527 554 567
Profit before tax 203 270 342 -8 288 301 577 340 379 513 527 564 569
Tax % 25% 25% 26% 2,322% 26% 26% 11% 25% 31% 9% 26% 25% 17%
152 202 253 -184 213 223 511 253 261 468 392 421 474
EPS in Rs 6.08 8.08 10.13 -7.36 4.25 4.45 10.22 5.06 5.22 9.37 7.83 8.42 9.47
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
3,614 3,874 4,602 5,405 6,579 7,089 8,548 9,229
3,702 3,376 3,550 3,591 3,793 3,728 4,351 4,438
Operating Profit -89 499 1,052 1,814 2,786 3,361 4,197 4,791
OPM % -2% 13% 23% 34% 42% 47% 49% 52%
222 -2,158 -240 2,040 140 -54 394 185
Interest 248 526 517 572 639 644 688 623
Depreciation 1,009 1,250 1,285 1,441 1,553 1,739 2,094 2,180
Profit before tax -1,123 -3,435 -989 1,841 734 923 1,809 2,173
Tax % -36% -21% 5% 9% 25% 45% 17%
-722 -2,716 -1,034 1,675 549 504 1,494 1,755
EPS in Rs -28.88 -108.66 -41.36 66.98 21.97 10.09 29.87 35.09
Dividend Payout % 0% 0% 0% 0% 14% 40% 33%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 17%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: 35%
3 Years: 143%
TTM: 68%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 18%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 18%
Last Year: 25%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 250 250 250 250 250 250 250 250
Reserves 5,518 2,770 1,736 3,410 3,960 4,389 5,682 5,995
2,941 5,191 7,774 9,068 9,204 8,105 7,353 6,607
2,632 7,224 5,244 3,945 4,840 5,774 5,966 6,122
Total Liabilities 11,341 15,435 15,004 16,674 18,253 18,517 19,251 18,974
9,226 9,874 10,304 10,234 11,174 13,615 14,733 14,354
CWIP 162 110 71 64 1,936 444 297 262
Investments 0 625 0 49 1,046 238 74 287
1,952 4,825 4,629 6,328 4,097 4,220 4,147 4,071
Total Assets 11,341 15,435 15,004 16,674 18,253 18,517 19,251 18,974

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
493 -316 1,517 1,258 5,108 3,546 4,583
-1,166 -1,076 -882 -1,382 -2,031 -1,155 -2,341
560 1,864 -604 183 -3,111 -2,404 -2,265
Net Cash Flow -114 473 30 59 -34 -13 -23

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 10 22 11 142 8 23 5
Inventory Days
Days Payable
Cash Conversion Cycle 10 22 11 142 8 23 5
Working Capital Days -135 -317 -438 -157 -243 -281 -215
ROCE % -9% -1% 4% 10% 14% 17%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Mobile Average Revenue Per User (ARPU)
INR

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Mobile Customer Base
Millions
Wireless Customer Market Share (CMS) - North East Circle
%
Wireless Customer Market Share (CMS) - Rajasthan Circle
%
Data Customer Base
Millions
Number of Network Towers
Counts
Data Usage per Customer per Month
GB

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
70.00% 70.00% 70.00% 70.00% 70.00% 70.00% 70.00%
4.54% 5.06% 5.02% 4.33% 4.33% 3.94% 3.98%
9.14% 8.88% 9.28% 9.97% 9.81% 10.24% 10.28%
16.30% 16.05% 15.71% 15.71% 15.86% 15.83% 15.73%
No. of Shareholders 1,06,4371,00,98287,44985,48096,67595,14591,986

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls