Bharti Hexacom Limited (IN:BHARTIHEXA)
:BHARTIHEXA
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Bharti Hexacom Limited
(BHARTIHEXA)
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Rating:64Neutral
Price Target:
₹1,623.00
▼(-8.92% Downside)
Action:ReiteratedDate:02/08/26
The score is driven primarily by strong financial recovery and solid free-cash-flow generation alongside improving leverage. This is tempered by a mixed-to-weak medium-term technical trend (negative MACD and trading below key longer-term moving averages) and a high P/E with limited dividend support.
Positive Factors
Revenue growth & turnaround
A sustained multi-year turnaround to TTM revenue of ~92.3B (+120% vs prior year) signals durable recovery in core service demand and execution. Strong top-line expansion increases scale, supports network investment and spreads fixed costs, improving long-run competitiveness and resilience.
Negative Factors
Earnings volatility & prior losses
Historic swings from losses to profits show earnings are sensitive to cyclical, one-off or regulatory impacts. This volatility complicates forecasting and raises execution risk: durable fundamentals must be proven across multiple cycles before earnings predictability is fully reliable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & turnaround
A sustained multi-year turnaround to TTM revenue of ~92.3B (+120% vs prior year) signals durable recovery in core service demand and execution. Strong top-line expansion increases scale, supports network investment and spreads fixed costs, improving long-run competitiveness and resilience.
Read all positive factors
Bharti Hexacom Limited (BHARTIHEXA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹768.42B
Dividend Yield0.78%
Average Volume (3M)11.30K
Price to Earnings (P/E)48.1
Beta (1Y)1.01
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees424
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)9.50
Shares Outstanding500,000,000
10 Day Avg. Volume6,014
30 Day Avg. Volume11,299
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)12.39
Price to Sales (P/S)8.60
P/FCF Ratio23.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)49.41
Revenue Forecast (FY)₹107.35B
Bharti Hexacom Limited Business Overview & Revenue Model
Company Description
Bharti Hexacom Limited provides consumer mobile services, fixed-line telephone, and broadband services under the Airtel brand in India. The company offers pre-paid and post-paid wireless voice services, data communication services, and internation...
How the Company Makes Money
Bharti Hexacom primarily makes money by providing mobile telecom services to customers in its operating circles. Its core revenue stream is service revenue from wireless subscribers, which includes: (1) prepaid revenue generated when customers pur...
Bharti Hexacom Limited Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
70
Positive
Cash Flow
76
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 92.29B | 85.48B | 70.89B | 65.79B | 54.05B | 46.02B |
| Gross Profit | 49.87B | 49.39B | 40.06B | 33.77B | 22.14B | 13.91B |
| EBITDA | 48.91B | 45.07B | 32.20B | 28.60B | 38.06B | 7.45B |
| Net Income | 17.55B | 14.94B | 5.04B | 5.49B | 16.75B | -10.34B |
Balance Sheet | ||||||
| Total Assets | 192.03B | 192.51B | 185.17B | 182.53B | 166.74B | 150.03B |
| Cash, Cash Equivalents and Short-Term Investments | 7.59B | 1.11B | 2.77B | 19.32B | 9.09B | 7.40B |
| Total Debt | 63.60B | 73.53B | 81.05B | 91.64B | 90.68B | 77.48B |
| Total Liabilities | 124.85B | 133.19B | 138.79B | 140.43B | 130.14B | 130.18B |
| Stockholders Equity | 67.18B | 59.32B | 46.39B | 42.09B | 36.60B | 19.86B |
Cash Flow | ||||||
| Free Cash Flow | 33.38B | 31.13B | 14.88B | 41.64B | -907.00M | 594.00M |
| Operating Cash Flow | 46.20B | 45.83B | 35.46B | 51.08B | 12.58B | 15.17B |
| Investing Cash Flow | -29.36B | -23.41B | -11.55B | -20.31B | -13.82B | -8.82B |
| Financing Cash Flow | -16.77B | -22.65B | -24.04B | -31.11B | 1.83B | -6.04B |
Bharti Hexacom Limited Technical Analysis
Negative
1782.00
Price Trends
1600.93
Negative
1678.73
Negative
1730.88
Negative
Market Momentum
-29.07
Positive
43.25
Neutral
44.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARTIHEXA, the sentiment is Negative. The current price of 1782 is above the 20-day moving average (MA) of 1541.94, above the 50-day MA of 1600.93, and above the 200-day MA of 1730.88, indicating a bearish trend. The MACD of -29.07 indicates Positive momentum. The RSI at 43.25 is Neutral, neither overbought nor oversold. The STOCH value of 44.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BHARTIHEXA.
Bharti Hexacom Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹1.16T | 15.55 | ― | ― | 7.80% | 26.53% | |
67 Neutral | ₹418.29B | 35.60 | ― | 1.39% | 4.94% | 49.05% | |
64 Neutral | ₹768.42B | 48.07 | ― | 0.78% | ― | ― | |
64 Neutral | ₹10.61T | 48.36 | ― | 0.75% | 25.17% | 212.83% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | ₹91.32B | 47.77 | ― | 0.79% | 29.92% | 22.87% | |
45 Neutral | ₹997.84B | -3.48 | ― | ― | 3.81% | 39.18% |
* Communication Services Sector Average
IN:BHARTIHEXA
Bharti Hexacom Limited
1,536.85
111.65
7.83%
IN:BHARTIARTL
Bharti Airtel Limited
1,861.55
160.07
9.41%
IN:IDEA
Vodafone Idea Ltd
9.21
2.11
29.72%
IN:INDUSTOWER
Indus Towers Limited
441.30
71.10
19.21%
IN:RAILTEL
RailTel Corp. of India Ltd.
284.55
2.11
0.75%
IN:TATACOMM
Tata Communications Limited
1,467.70
-55.72
-3.66%
Bharti Hexacom Limited Corporate Events
Bharti Hexacom to Appoint S.R. Batliboi & Associates as New Statutory Auditor
Mar 10, 2026
Bharti Hexacom has announced a planned change in its statutory auditors, with Deloitte Haskins Sells LLP set to retire at the conclusion of the company’s 32nd Annual General Meeting in 2027, upon completion of its second consecutive term. F...
Bharti Hexacom Announces Resignation of Senior Management Executive
Feb 10, 2026
Bharti Hexacom Limited has announced that Vinod Bhattar, Circle Head – Commercial, NESA, has resigned and will cease to be part of the company’s senior management with effect from the close of business on March 12, 2026. The company ha...
Bharti Hexacom to Join Bharti Airtel Earnings Webinar on Q3 FY2025 Results
Jan 27, 2026
Bharti Hexacom Limited has announced that it will participate in a joint earnings webinar with Bharti Airtel Limited on February 6, 2026, to discuss its audited financial results for the third quarter and nine months ended December 31, 2025. The c...
Bharti Hexacom Names New CFO, Updates Market-Disclosure Key Personnel
Jan 14, 2026
Bharti Hexacom Limited has updated the list of its key managerial personnel responsible for determining material events and disclosures to stock exchanges, following the appointment of Karthikeyan Velu as Chief Financial Officer effective 1 Januar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.