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Bharti Hexacom Limited
(BHARTIHEXA)
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Rating:64Neutral
Price Target:
₹1,643.00
▼(-7.80% Downside)
Action:Reiterated
Date:08/10/26
The score is primarily supported by solid financial performance (strong recent margins, improving leverage, and positive free cash flow). Offsetting this are a mixed/soft technical picture (below 20DMA and 200DMA with neutral-to-weak momentum) and a relatively expensive valuation (high P/E with modest yield).
Positive Factors
Healthy Profitability
Net margins near 19% demonstrate sustainable operating profitability that supports reinvestment in network and service quality. Over a multi-month horizon, resilient margins underpin cash generation, provide buffer against pricing pressure, and enable strategic investments or shareholder returns.
Negative Factors
Large Absolute Debt
Despite improved leverage ratios, an absolute debt stock of tens of billions remains material. High nominal debt can constrain strategic flexibility, elevate refinancing and interest-rate sensitivity, and limit the company's ability to pursue aggressive capex or M&A if cash flow weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Healthy Profitability
Net margins near 19% demonstrate sustainable operating profitability that supports reinvestment in network and service quality. Over a multi-month horizon, resilient margins underpin cash generation, provide buffer against pricing pressure, and enable strategic investments or shareholder returns.
Read all positive factors
Bharti Hexacom Limited (BHARTIHEXA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹690.00B
Dividend Yield1.3%
Average Volume (3M)14.11K
Price to Earnings (P/E)37.8
Beta (1Y)0.72
Revenue Growth7.87%
EPS Growth32.75%
CountryIN
Employees546
SectorGeneral
Sector StrengthN/A
IndustryTelecommunications Services
Share Statistics
EPS (TTM)36.47
Shares Outstanding500,000,000
10 Day Avg. Volume28,469
30 Day Avg. Volume14,106
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)45.86
Revenue Forecast (FY)₹106.37B
Bharti Hexacom Limited Business Overview & Revenue Model
Company Description
Operating across India, Bharti Hexacom Limited delivers a range of consumer mobile, fixed-line telephone, and broadband services under the renowned Airtel brand. Its diverse portfolio includes both pre-paid and post-paid wireless voice solutions, ...
How the Company Makes Money
Bharti Hexacom primarily makes money by selling wireless telecom services to retail and enterprise customers in its licensed service areas. Its key revenue streams typically include: (1) Mobile services revenue from prepaid and postpaid subscriber...
Bharti Hexacom Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
73
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 96.01B | 93.54B | 85.48B | 70.89B | 65.79B | 54.05B |
| Gross Profit | 46.00B | 30.02B | 49.39B | 40.06B | 33.77B | 22.14B |
| EBITDA | 52.67B | 50.80B | 45.07B | 32.20B | 28.60B | 38.06B |
| Net Income | 18.24B | 17.33B | 14.94B | 5.04B | 5.49B | 16.75B |
Balance Sheet | ||||||
| Total Assets | 198.60B | 190.51B | 192.51B | 185.17B | 182.53B | 166.74B |
| Cash, Cash Equivalents and Short-Term Investments | 27.79B | 6.92B | 1.11B | 2.77B | 19.32B | 9.09B |
| Total Debt | 61.26B | 61.37B | 73.53B | 81.05B | 91.64B | 90.68B |
| Total Liabilities | 122.13B | 118.85B | 133.19B | 138.79B | 140.43B | 130.14B |
| Stockholders Equity | 76.47B | 71.65B | 59.32B | 46.39B | 42.09B | 36.60B |
Cash Flow | ||||||
| Free Cash Flow | 27.89B | 25.80B | 31.13B | 14.88B | 41.64B | -907.00M |
| Operating Cash Flow | 42.71B | 39.91B | 45.83B | 35.46B | 51.08B | 12.58B |
| Investing Cash Flow | -31.58B | -20.18B | -23.41B | -11.55B | -20.31B | -13.82B |
| Financing Cash Flow | -11.39B | -19.57B | -22.65B | -24.04B | -31.11B | 1.83B |
Bharti Hexacom Limited Technical Analysis
Negative
1782.00
Price Trends
1540.81
Negative
1524.57
Negative
1564.10
Negative
Market Momentum
-38.80
Positive
31.86
Neutral
10.66
Positive
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 1490.16, above the 50-day MA of 1540.81, and above the 200-day MA of 1564.10, indicating a bearish trend. The MACD of -38.80 indicates Positive momentum. The RSI at 31.86 is Neutral, neither overbought nor oversold. The STOCH value of 10.66 is Positive, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹10.86T | 36.32 | ― | 1.38% | 19.63% | -18.80% | |
64 Neutral | ₹690.00B | 37.81 | ― | 1.30% | 7.87% | 32.75% | |
63 Neutral | ₹991.77B | 13.87 | ― | 3.72% | 6.72% | -26.31% | |
60 Neutral | ₹82.55B | 23.89 | ― | 1.26% | 20.85% | 9.07% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹1.08B | 0.12 | ― | 1.83% | -7.25% | ― | |
49 Neutral | ₹480.51B | 50.79 | ― | 1.04% | 8.12% | -33.60% |
* General Sector Average
IN:BHARTIHEXA
Bharti Hexacom Limited
1,383.10
-268.14
-16.24%
IN:BHARTIARTL
Bharti Airtel Limited
1,782.50
-96.40
-5.13%
IN:GTL
GTL Limited
6.72
-2.72
-28.81%
IN:INDUSTOWER
Indus Towers Limited
381.20
40.89
12.02%
IN:RAILTEL
RailTel Corp. of India Ltd.
252.35
-128.15
-33.68%
IN:TATACOMM
Tata Communications Limited
1,676.45
33.99
2.07%
Bharti Hexacom Limited Corporate Events
Bharti Hexacom Discloses DoT Penalty Over Subscriber Verification Norms
Jul 30, 2026
Bharti Hexacom Limited has disclosed that it received a notice from the Department of Telecommunications, North East License Service Area, imposing a penalty of Rs 252,000 for alleged violations of subscriber verification norms identified during a...
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...
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.