Bharti Hexacom Limited (IN:BHARTIHEXA)
:BHARTIHEXA
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Bharti Hexacom Limited
(BHARTIHEXA)
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Rating:61Neutral
Price Target:
₹1,596.00
▼(-10.44% Downside)
Action:Reiterated
Date:05/15/26
The score is primarily supported by improving fundamentals (accelerating revenue and stronger profitability) and a de-risked leverage profile, but it is held back by weak technical momentum (below key moving averages and negative MACD) and a rich valuation (high P/E with a low dividend yield).
Positive Factors
Revenue Growth
Meaningful top-line acceleration in FY2026 implies improved subscriber monetization and greater data adoption within the Airtel-branded footprint. Durable revenue growth boosts visibility for multi-year capacity investments, supports predictable service cash flows, and underpins reinvestment and strategic execution over the next several quarters.
Negative Factors
Margin Volatility
A sharp decline in gross margin year-over-year indicates cost, mix, or competitive pressures that can erode operating leverage. Persistent margin swings raise forecasting uncertainty, may necessitate margin-restoring actions that harm growth, and undermine confidence that current high profitability is sustainable across cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Meaningful top-line acceleration in FY2026 implies improved subscriber monetization and greater data adoption within the Airtel-branded footprint. Durable revenue growth boosts visibility for multi-year capacity investments, supports predictable service cash flows, and underpins reinvestment and strategic execution over the next several quarters.
Read all positive factors
Bharti Hexacom Limited (BHARTIHEXA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹797.60B
Dividend Yield0.78%
Average Volume (3M)11.30K
Price to Earnings (P/E)43.5
Beta (1Y)0.95
Revenue Growth9.43%
EPS Growth16.03%
CountryIN
Employees424
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)34.65
Shares Outstanding500,000,000
10 Day Avg. Volume6,014
30 Day Avg. Volume11,299
Financial Highlights & Ratios
PEG Ratio2.71
Price to Book (P/B)10.53
Price to Sales (P/S)8.07
P/FCF Ratio29.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,880.00Price Target Upside5.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)49.63
Revenue Forecast (FY)₹107.56B
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
84
Very Positive
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 93.54B | 85.48B | 70.89B | 65.79B | 54.05B |
| Gross Profit | 30.02B | 49.39B | 40.06B | 33.77B | 22.14B |
| EBITDA | 48.90B | 45.07B | 32.20B | 28.60B | 38.06B |
| Net Income | 17.33B | 14.94B | 5.04B | 5.49B | 16.75B |
Balance Sheet | |||||
| Total Assets | 190.51B | 192.51B | 185.17B | 182.53B | 166.74B |
| Cash, Cash Equivalents and Short-Term Investments | 6.92B | 1.11B | 2.77B | 19.32B | 9.09B |
| Total Debt | 61.37B | 73.53B | 81.05B | 91.64B | 90.68B |
| Total Liabilities | 118.85B | 133.19B | 138.79B | 140.43B | 130.14B |
| Stockholders Equity | 71.65B | 59.32B | 46.39B | 42.09B | 36.60B |
Cash Flow | |||||
| Free Cash Flow | 25.80B | 31.13B | 14.88B | 41.64B | -907.00M |
| Operating Cash Flow | 39.91B | 45.83B | 35.46B | 51.08B | 12.58B |
| Investing Cash Flow | -20.18B | -23.41B | -11.55B | -20.31B | -13.82B |
| Financing Cash Flow | -19.57B | -22.65B | -24.04B | -31.11B | 1.83B |
Bharti Hexacom Limited Technical Analysis
Neutral
1782.00
Price Trends
1534.88
Positive
1611.55
Negative
1688.36
Negative
Market Momentum
9.92
Negative
61.34
Neutral
91.99
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARTIHEXA, the sentiment is Neutral. The current price of 1782 is above the 20-day moving average (MA) of 1524.54, above the 50-day MA of 1534.88, and above the 200-day MA of 1688.36, indicating a neutral trend. The MACD of 9.92 indicates Negative momentum. The RSI at 61.34 is Neutral, neither overbought nor oversold. The STOCH value of 91.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹102.67B | 13.92 | ― | 0.79% | 23.00% | 15.55% | |
66 Neutral | ₹1.13T | 15.37 | ― | ― | 7.87% | -27.50% | |
61 Neutral | ₹797.60B | 43.53 | ― | 0.78% | 9.43% | 16.03% | |
61 Neutral | ₹11.60T | 35.56 | ― | 0.75% | 21.96% | -19.61% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | ₹506.59B | 36.47 | ― | 1.39% | 6.96% | -31.56% | |
47 Neutral | ₹1.47T | 2.66 | ― | ― | 2.99% | ― |
* Communication Services Sector Average
IN:BHARTIHEXA
Bharti Hexacom Limited
1,569.25
-118.20
-7.00%
IN:BHARTIARTL
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320.85
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Bharti Hexacom Limited Corporate Events
Bharti Hexacom Files Q4 and FY 2026 Financial Report with Stock Exchanges
May 13, 2026
Bharti Hexacom Limited notified the stock exchanges that it has released its quarterly report for the fourth quarter and the financial year ended March 31, 2026, in compliance with SEBI listing regulations. The disclosure, addressed to both NSE an...
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...
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.