Bharti Hexacom Ltd

₹ 1,477 -0.07%

12 Jun - 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 ₹ 73,870 Cr.
Current Price ₹ 1,477
High / Low ₹ 2,053 / 1,434
Stock P/E 42.0
Book Value ₹ 143
Dividend Yield 0.68 %
ROCE 21.8 %
ROE 26.9 %
Face Value ₹ 5.00

Add ratio to table

Edit ratios

Pros

Company has delivered good profit growth of 35.0% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 41.7%

Cons

Stock is trading at 10.3 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 BSE Telecommunication BSE 150 MidCap Index BSE 250 LargeMidCap Index BSE 400 MidSmallCap Index Nifty LargeMidcap 250 Nifty Midcap 150 Nifty MidSmallcap 400 Nifty 500 Multicap 50:25:25 Nifty India Digital Index Nifty Total Market Nifty Midcap150 Momentum 50 Nifty MidSmall IT & Telecom BSE 200 Equal Weight Nifty India New Age Consumption Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted BSE Select IPO BSE India Sector Leaders BSE 1000 Nifty India Infrastructure & Logistics

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	1,732	1,682	1,738	1,801	1,868	1,911	2,098	2,251	2,289	2,263	2,317	2,360	2,414
	962	852	913	973	990	1,035	1,096	1,099	1,121	1,102	1,109	1,105	1,146
Operating Profit	770	830	826	828	878	876	1,002	1,152	1,168	1,161	1,208	1,254	1,267
OPM %	44%	49%	48%	46%	47%	46%	48%	51%	51%	51%	52%	53%	52%
	44	80	-246	62	49	358	49	-61	48	48	61	28	53
Interest	149	154	156	169	166	162	175	180	171	154	151	147	149
Depreciation	395	414	432	433	460	496	536	532	531	527	554	567	565
Profit before tax	270	342	-8	288	301	577	340	379	513	527	564	569	606
Tax %	25%	26%	2,322%	26%	26%	11%	25%	31%	9%	26%	25%	17%	26%
	202	253	-184	213	223	511	253	261	468	392	421	474	447
EPS in Rs	8.08	10.13	-7.36	4.25	4.45	10.22	5.06	5.22	9.37	7.83	8.42	9.47	8.93
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,614	3,874	4,602	5,405	6,579	7,089	8,548	9,354
	3,702	3,376	3,550	3,591	3,793	3,728	4,351	4,463
Operating Profit	-89	499	1,052	1,814	2,786	3,361	4,197	4,890
OPM %	-2%	13%	23%	34%	42%	47%	49%	52%
	222	-2,158	-240	2,040	140	-54	394	190
Interest	248	526	517	572	639	644	688	601
Depreciation	1,009	1,250	1,285	1,441	1,553	1,739	2,094	2,213
Profit before tax	-1,123	-3,435	-989	1,841	734	923	1,809	2,266
Tax %	-36%	-21%	5%	9%	25%	45%	17%	24%
	-722	-2,716	-1,034	1,675	549	504	1,494	1,733
EPS in Rs	-28.88	-108.66	-41.36	66.98	21.97	10.09	29.87	34.66
Dividend Payout %	0%	0%	0%	0%	14%	40%	33%	52%

Compounded Sales Growth
10 Years:	%
5 Years:	15%
3 Years:	12%
TTM:	9%

Compounded Profit Growth
10 Years:	%
5 Years:	35%
3 Years:	47%
TTM:	32%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	-17%

Return on Equity
10 Years:	%
5 Years:	18%
3 Years:	23%
Last Year:	27%

Balance Sheet

Figures in Rs. Crores

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
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	6,915
	2,941	5,191	7,774	9,068	9,204	8,105	7,353	6,137
	2,632	7,224	5,244	3,945	4,840	5,774	5,966	5,748
Total Liabilities	11,341	15,435	15,004	16,674	18,253	18,517	19,251	19,051
	9,226	9,874	10,304	10,234	11,174	13,615	14,733	14,038
CWIP	162	110	71	64	1,936	444	297	476
Investments	0	625	0	49	1,046	238	74	631
	1,952	4,825	4,629	6,328	4,097	4,220	4,147	3,905
Total Assets	11,341	15,435	15,004	16,674	18,253	18,517	19,251	19,051

Cash Flows

Figures in Rs. Crores

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	493	-316	1,517	1,258	5,108	3,546	4,583	4,464
	-1,166	-1,076	-882	-1,382	-2,031	-1,155	-2,341	-2,010
	560	1,864	-604	183	-3,111	-2,404	-2,265	-2,438
Net Cash Flow	-114	473	30	59	-34	-13	-23	16
Free Cash Flow	-675	-777	64	-76	4,169	1,498	3,104	3,026
CFO/OP	-653%	-59%	147%	70%	184%	106%	125%	106%

Ratios

Figures in Rs. Crores

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	10	22	11	142	8	23	5	4
Inventory Days
Days Payable
Cash Conversion Cycle	10	22	11	142	8	23	5	4
Working Capital Days	-135	-317	-438	-157	-243	-281	-215	-147
ROCE %		-9%	-1%	4%	10%	14%	17%	22%

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

xxx	xxx	xxx	xx	xx	xx	xx	xxx	xxx	xxx	xxx	xxx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
					xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
					xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
							xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
							xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
							xx.xx	xx.xx	xx.xx

Please log in to see hidden values.

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

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	70.00%	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%	3.69%
	9.14%	8.88%	9.28%	9.97%	9.81%	10.24%	10.28%	10.60%
	16.30%	16.05%	15.71%	15.71%	15.86%	15.83%	15.73%	15.71%
No. of Shareholders	1,06,437	1,00,982	87,449	85,480	96,675	95,145	91,986	89,246

	Mar 2025	Mar 2026
	70.00%	70.00%
	4.33%	3.69%
	9.97%	10.60%
	15.71%	15.71%
No. of Shareholders	85,480	89,246

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

All

Annual reports

DRHP

Credit ratings

Concalls

May 2026
Transcript
PPT
Feb 2026
Transcript
PPT
REC
Nov 2025
Transcript
PPT
Aug 2025
Transcript
PPT
May 2025
Transcript
PPT
Feb 2025
Transcript
PPT
Nov 2024
Transcript
PPT
Aug 2024
Transcript
PPT
May 2024
Transcript
PPT