Bharti Hexacom Limited (BHARTIHEXA) AI Stock Analysis

• Market Cap: ₹899.85B
• Dividend Yield: 0.77%
• Average Volume (3M): 12.80K
• Price to Earnings (P/E): 58.4
• Beta (1Y): 0.91
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 424
• Sector: Services
• Sector Strength: N/A
• Industry: Telecommunications Services
• EPS (TTM): 8.40
• Shares Outstanding: 500,000,000
• 10 Day Avg. Volume: 18,815
• 30 Day Avg. Volume: 12,801
• PEG Ratio: 0.25
• Price to Book (P/B): 12.39
• Price to Sales (P/S): 8.60
• P/FCF Ratio: 23.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 36.7
• Revenue Forecast (FY): ₹96.12B

• Rating: 74 Outperform
• Price Target: ₹2,159.00 ▲(19.67% Upside)

Bharti Hexacom Limited's strong financial performance and bullish technical indicators are the primary drivers of its overall score. The company's robust revenue growth and profitability, coupled with positive market momentum, position it well in the telecommunications industry. However, the high P/E ratio suggests potential overvaluation, which could be a concern for value-focused investors.

Bharti Hexacom Limited Business Overview & Revenue Model

Company Description

Bharti Hexacom Limited (BHARTIHEXA) is a telecommunications company operating in India, primarily involved in providing mobile network services. It is a subsidiary of Bharti Airtel, one of India's leading telecom service providers. Bharti Hexacom focuses on delivering a range of telecom services, including voice communication, data services, and broadband connectivity to both individual consumers and businesses in various regions of India.

How the Company Makes Money

Bharti Hexacom Limited generates revenue through several key streams: subscription fees from its mobile network services, which include voice and data plans offered to individual and enterprise customers; charges for value-added services such as messaging, caller tunes, and mobile entertainment; and broadband internet services. The company also benefits from interconnection fees charged to other telecom operators for using its network. Additionally, Bharti Hexacom may engage in partnerships and collaborations that enhance its service offerings, contributing to its overall earnings.

Bharti Hexacom Limited Financial Statement Overview

Summary

Bharti Hexacom Limited demonstrates strong financial health with consistent revenue growth and robust profitability margins. The company has improved its leverage position, reducing debt reliance, and shows strong cash flow generation. However, past fluctuations in free cash flow and a relatively low equity ratio suggest areas for cautious monitoring.

Income Statement

Bharti Hexacom Limited shows strong revenue growth with a TTM increase of 4.12%. The company maintains healthy margins, with a gross profit margin of 52.19% and a net profit margin of 15.44% in the TTM. EBIT and EBITDA margins are robust at 27.41% and 51.30%, respectively, indicating efficient operations. However, there is a slight decline in gross profit margin compared to the previous annual report, suggesting potential cost pressures.

Balance Sheet

The company's debt-to-equity ratio has improved to 1.02 in the TTM, down from 1.24 in the previous year, indicating better leverage management. Return on equity remains strong at 23.98%, reflecting effective use of equity to generate profits. However, the equity ratio is relatively low, suggesting a higher reliance on debt financing, which could pose risks if market conditions change.

Cash Flow

Operating cash flow is strong, with a TTM figure of 46.18 billion, supporting a solid operating cash flow to net income ratio of 0.75. Free cash flow has grown by 6.85% in the TTM, indicating improved cash generation capabilities. The free cash flow to net income ratio of 0.72 suggests efficient conversion of profits into cash. However, the company experienced a significant free cash flow decline in earlier years, highlighting potential volatility.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	89.00B	85.48B	70.89B	65.79B	54.05B	39.04B
Gross Profit	46.45B	48.05B	39.00B	33.77B	22.14B	7.49B
EBITDA	45.66B	43.79B	31.04B	28.60B	18.84B	2.97B
Net Income	13.74B	14.94B	5.04B	5.49B	16.75B	-27.16B
Balance Sheet
Total Assets	188.19B	192.51B	185.17B	182.53B	166.74B	154.35B
Cash, Cash Equivalents and Short-Term Investments	12.56B	1.11B	2.77B	19.32B	9.09B	9.34B
Total Debt	64.25B	73.53B	81.05B	91.64B	90.68B	51.91B
Total Liabilities	124.96B	133.19B	138.79B	140.43B	130.14B	124.15B
Stockholders Equity	63.23B	59.32B	46.39B	42.09B	36.60B	30.20B
Cash Flow
Free Cash Flow	33.14B	31.13B	14.88B	41.64B	-907.00M	-5.22B
Operating Cash Flow	46.18B	45.83B	35.46B	51.08B	12.58B	4.93B
Investing Cash Flow	-23.97B	-23.41B	-11.55B	-20.31B	-13.82B	-11.66B
Financing Cash Flow	-22.01B	-22.65B	-24.04B	-31.11B	1.83B	5.59B

Bharti Hexacom Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1804.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARTIHEXA, the sentiment is Positive. The current price of 1804.15 is below the 20-day moving average (MA) of 1817.62, above the 50-day MA of 1759.96, and above the 200-day MA of 1651.65, indicating a neutral trend. The MACD of 12.49 indicates Positive momentum. The RSI at 51.86 is Neutral, neither overbought nor oversold. The STOCH value of 36.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BHARTIHEXA.

Bharti Hexacom Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INDUSTOWER	79 Outperform	₹1.04T	11.06	―	―	7.80%	26.53%
BHARTIHEXA	74 Outperform	₹899.85B	58.35	―	0.77%	―	―
BHARTIARTL	68 Neutral	₹12.04T	33.37	―	0.77%	25.17%	212.83%
TATACOMM	67 Neutral	₹524.59B	38.00	―	1.32%	4.94%	49.05%
RAILTEL	66 Neutral	₹116.85B	36.44	―	0.81%	29.92%	22.87%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
IDEA	53 Neutral	₹1.02T	-2.62	―	―	3.81%	39.18%