Bharti Airtel vs Bharti Hexacom
Both trade above their peers' median P/E; Bharti Hexacom by less (6% above, against 30% above for Bharti Airtel).
Bharti Hexacom earns the higher return on equity: 26.5% against 10.7%.
Bharti Airtel grew revenue faster over three years: 15.0% a year against 12.5% a year.
Bharti Airtel fires fewer of our forensic red flags: 1 of 28 judged against 2 of 28 judged.
The latest change on file is Bharti Airtel's, on 5 Nov 2026: Q2 FY2027 results filed.
Bharti Airtel trades at a P/E of 40.42: 15th of 20 among its peers (peer median 31.1).
Bharti Airtel: the full company page →Bharti Hexacom trades at a P/E of 43.41: 5th of 9 among its peers (peer median 41.0).
Bharti Hexacom: the full company page →Bharti Airtel and Bharti Hexacom, figure by figure
| Figure | Bharti Airtel | Bharti Hexacom | Leads |
|---|---|---|---|
| Market cap | ₹13,01,689 Cr | ₹85,455 Cr | Bharti Airtel, larger |
| P/E | 40.42 | 43.41 | Bharti Airtel, cheaper |
| P/B | 6.77 | 10.49 | Bharti Airtel, cheaper |
| Dividend yield | 1.3% | 1.1% | Bharti Airtel, higher |
| ROE | 10.7% | 26.5% | Bharti Hexacom, higher |
| ROCE | 12.5% | 20.5% | Bharti Hexacom, higher |
| Profit margin | 13.3% | 19.5% | Bharti Hexacom, higher |
| Revenue growth, 3 years | 15.0% a year | 12.5% a year | Bharti Airtel, faster |
| Profit growth, 3 years | 47.3% a year | 46.7% a year | Bharti Airtel, faster |
| 1-year return | +3.2% | −3.5% | Bharti Airtel, higher |
| 5-year return | +23.6% a year | Not available | — |
| Quality score | 37.1 | 68.2 | Bharti Hexacom, higher |
| Our valuation view | Dear, low confidence (held for review) | Fair, low confidence (held for review) | Bharti Hexacom, cheaper view |
| Risk level | WATCH | WATCH | Level |
| Forensic red flags | 1 red of 28 judged | 2 red of 28 judged | Bharti Airtel, fewer |
The leading figure is in green: the lower for P/E, P/B, cost to income, NPAs, risk and red flags, the higher for the rest. P/E and P/B on the latest price; growth rates are yearly averages; returns are price only. Our valuation view and the red flags are explained on each company's page.
Which is bigger, Bharti Airtel or Bharti Hexacom?
Bharti Airtel is the bigger company by market value: ₹13,01,689 Cr against ₹85,455 Cr for Bharti Hexacom, about 15.2 times as large.
Bharti Airtel market cap is ₹13,01,689 crore (large cap), making it the 3rd largest listed company on the NSE.
Bharti Hexacom market cap is ₹85,455 crore (mid cap), making it the 135th largest listed company on the NSE.
Which is cheaper on valuation, Bharti Airtel or Bharti Hexacom?
Bharti Airtel is the cheaper of the two on P/E: 40.42 against 43.41 for Bharti Hexacom.
On price to book, Bharti Airtel is also the cheaper: 6.77 against 10.49.
Against their own peers' median P/E, Bharti Airtel trades 30% above its own (31.1) and Bharti Hexacom trades 6% above its own (41.0).
Our valuation view: dear on Bharti Airtel (low confidence) and fair on Bharti Hexacom (low confidence). The view weighs the multiples against each company's peers and its own history.
Which is more profitable, Bharti Airtel or Bharti Hexacom?
Bharti Hexacom is the more profitable on return on equity: 26.5% against 10.7% for Bharti Airtel.
ROCE: Bharti Hexacom 20.5%, Bharti Airtel 12.5%.
Profit margin: Bharti Hexacom 19.5%, Bharti Airtel 13.3%.
Which grew faster, Bharti Airtel or Bharti Hexacom?
Bharti Airtel grew faster over the last three years: revenue up 15.0% a year against 12.5% a year for Bharti Hexacom.
Profit growth, 3 years: Bharti Airtel 47.3% a year, Bharti Hexacom 46.7% a year.
Which has cleaner accounts, Bharti Airtel or Bharti Hexacom?
Bharti Airtel has the cleaner accounts on our forensic checks: 1 red flag of 28 judged against 2 of 28 judged for Bharti Hexacom.
Bharti Airtel: risk level WATCH, 28 of 30 flags judged.
Bharti Hexacom: risk level WATCH, 28 of 30 flags judged.
A red flag is a figure out of line with what clean accounts show, not a finding of wrongdoing.
What these figures tell you
More comparisons
What this page rests on
Every figure is the one Bharti Airtel's and Bharti Hexacom's own pages print, from their filings with the exchanges and our arithmetic on them; each company is set against its own peer set. A side-by-side reading of the figures on both company pages, not a recommendation to buy, sell or hold either share. Which figure matters more depends on what you are looking for.