Bharti Hexacom Ltd
Incorporated in 1995, Bharti Hexacom Limited provides fixed-line telephone and broadband services to customers in Rajasthan and North East telecom circles.[1]
- Market Cap ₹ 70,378 Cr.
- Current Price ₹ 1,406
- High / Low ₹ 1,568 / 755
- Stock P/E 74.9
- Book Value ₹ 104
- Dividend Yield 0.29 %
- ROCE 14.0 %
- ROE 14.0 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 22.4% CAGR over last 5 years
- Debtor days have improved from 57.6 to 22.9 days.
Cons
- Stock is trading at 13.4 times its book value
- Company has a low return on equity of 9.29% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Sector: Telecomm-Service Industry: Telecommunications - Service Provider
Part of BSE 250 SmallCap Index Nifty MidSmallcap 400 Nifty Total Market BSE IPO BSE MidCap
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 3,614 | 3,874 | 4,602 | 5,405 | 6,579 | 7,089 | 7,677 | |
| 3,702 | 3,376 | 3,550 | 3,591 | 3,793 | 3,728 | 4,094 | |
| Operating Profit | -89 | 499 | 1,052 | 1,814 | 2,786 | 3,361 | 3,583 |
| OPM % | -2% | 13% | 23% | 34% | 42% | 47% | 47% |
| 222 | -2,158 | -240 | 2,040 | 140 | -54 | 518 | |
| Interest | 248 | 526 | 517 | 572 | 639 | 644 | 671 |
| Depreciation | 1,009 | 1,250 | 1,285 | 1,441 | 1,553 | 1,739 | 1,924 |
| Profit before tax | -1,123 | -3,435 | -989 | 1,841 | 734 | 923 | 1,505 |
| Tax % | -36% | -21% | 5% | 9% | 25% | 45% | |
| -722 | -2,716 | -1,034 | 1,675 | 549 | 504 | 1,200 | |
| EPS in Rs | -28.88 | -108.66 | -41.36 | 66.98 | 21.97 | 10.09 | 23.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 40% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 15% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 42% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | 9% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 250 | 250 | 250 | 250 | 250 | 250 | 250 |
| Reserves | 5,518 | 2,770 | 1,736 | 3,410 | 3,960 | 4,389 | 4,953 |
| 2,941 | 5,191 | 7,774 | 9,068 | 9,204 | 8,105 | 8,513 | |
| 2,632 | 7,224 | 5,244 | 3,945 | 4,840 | 5,774 | 5,616 | |
| Total Liabilities | 11,341 | 15,435 | 15,004 | 16,674 | 18,253 | 18,517 | 19,332 |
| 9,226 | 9,874 | 10,304 | 10,234 | 11,174 | 13,615 | 15,054 | |
| CWIP | 162 | 110 | 71 | 64 | 1,936 | 444 | 202 |
| Investments | 0 | 625 | 0 | 49 | 1,046 | 238 | 68 |
| 1,952 | 4,825 | 4,629 | 6,328 | 4,097 | 4,220 | 4,008 | |
| Total Assets | 11,341 | 15,435 | 15,004 | 16,674 | 18,253 | 18,517 | 19,332 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 493 | -316 | 1,517 | 1,258 | 5,108 | 3,546 | |
| -1,166 | -1,076 | -882 | -1,382 | -2,031 | -1,155 | |
| 560 | 1,864 | -604 | 183 | -3,111 | -2,404 | |
| Net Cash Flow | -114 | 473 | 30 | 59 | -34 | -13 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 10 | 22 | 11 | 142 | 8 | 23 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 10 | 22 | 11 | 142 | 8 | 23 |
| Working Capital Days | -135 | -317 | -219 | 27 | -136 | -154 |
| ROCE % | -9% | -2% | 4% | 10% | 14% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
29 Nov - The Company will participate in investor meet as per the schedule enclosed.
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 (''SEBI Listing Regulations'')
22 Nov - Notice received for penalty of Rs. 4,16,000.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
19 Nov - Appointment of Kanwaljeet Singh Cheema as Independent Director.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
13 Nov - The Company will participate in investor meet as per the schedule enclosed.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9 Nov - Participation in UBS India Summit on November 13, 2024.
Concalls
-
Nov 2024TranscriptPPT
-
Aug 2024TranscriptPPT
-
May 2024TranscriptPPT
Market Leadership[1] The company leads in Rajasthan and the Northeast with significant market shares. In Rajasthan, it holds around 40.4% of the revenue market and 35% of the customer market, while in the Northeast (including Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura), it commands a revenue market share of 52.7% and a customer market share of 49.8% as of December 31, 2023.