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BHARTIHEXA · NSE · Telecom - Cellular & Fixed line services

Bharti Hexacom Ltd

What the numbers mean, from its filings and the exchange. Data as of 13 Oct 2026.
Mid Cap · AMFI list Jan-Jun 2026 · Vendor sector: Telecom - Services
fair low confidence No valuation within 120 days; P/E 42.0 vs peers 49.9 (4th of 8); P/B 10.5 vs peers 3.5 (7th of 8).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is Bharti Hexacom's share price today?

Bharti Hexacom last traded at ₹1,534.70 on the NSE, as of 13 Oct 2026, 10:45 am IST, up 0.9% on the day, down 15.0% over a year. Its 52-week range is ₹1,359 to ₹1,956. The live price is in the app.

₹1,534.70 +0.9% today
−15.0% over 1 year · NSE, as of 13 Oct 2026, 10:45 am IST
30 month-end closes, 30 Apr 2024 to 30 Sep 2026, adjusted for splits and bonuses
52-week range29% of the way up
Low ₹1,359High ₹1,956

What is Bharti Hexacom's market cap?

Bharti Hexacom's market capitalisation is about ₹76,065 crore: what it would cost to buy every share at today's price. That makes it the 43rd largest mid cap company we cover.

₹76,065 Cr Mid Cap43rd largest mid cap company
Mid Cap means the companies ranked 101 to 250 by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: BHARTIHEXA
ISIN
INE343G01021
Cap bucket
Mid Cap, 43rd largest by market cap
Industry (NSE)
Telecommunication › Telecom - Services › Telecom - Cellular & Fixed line services
Listed since
2024
Futures and options
Not traded

Is Bharti Hexacom overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 42.0 vs peers 49.9 (4th of 8); P/B 10.5 vs peers 3.5 (7th of 8).

Valuation

Latest price and trailing 12 months
P/E 42.00
vs peers 49.9 · 4th of 8
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 10.49
vs peers 3.5 · 7th of 8
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹76,065 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield Not available
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 4.67
vs peers 18.8 · 3rd of 7
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 0.90
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
2 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored; P/E vs own history: 0 of 36 months of P/E history

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Bharti Hexacom a quality business?

Quality score 69.2, 2nd of 8 in its peer set; WATCH on 28 of 30 flags judged.

Quality and risk

Data as of 13 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 69.2
vs peers 45 · 2nd of 8
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level WATCH
28 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 26.5%
vs peers 6.7% · 1st of 7
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 20.5%
vs peers 8.7% · 1st of 7
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 18.5%
vs peers 8.6% · 3rd of 9
Profit after everything, as a share of revenue. Learn more →
EPS Not available
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
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Has Bharti Hexacom made money for shareholders?

Not over these periods: −15.0% over one year.

Shareholder returns

1-year return −15.0%
Price only
What the share price did over the last 12 months. Learn more →
5-year return Not available
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer Not available
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
+9.7%
1M
+1.1%
3M
−4.2%
6M
+0.5%
1Y
−15.0%
3Y
—
5Y
—
— not available

Does Bharti Hexacom pay a dividend?

Bharti Hexacom last paid ₹18.00 a share, ex-dividend 31 Jul 2026; nothing in the past 12 months counts toward a yield.

Dividends

Per share, by ex-dividend date
31 Jul 2026 · Final₹18.00
25 Jul 2025 · Final₹10.00
16 Aug 2024 · Final₹4.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is Bharti Hexacom growing?

Revenue 3 years 12.5% a year; profit 3 years 46.7% a year; revenue 5 years 5.5% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 12.5% a year
vs peers 8.0% · 4th of 9
Compound annual growth of revenue over three years. Learn more →
Profit 3 years 46.7% a year
vs peers 1.2% · 2nd of 6
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 5.5% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years 1.7% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years 46.7% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years Not available
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history Not available
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did Bharti Hexacom do last quarter?

Bharti Hexacom reported revenue of ₹2,510 Cr, up 9.4% on a year earlier and a net profit of ₹482 Cr, up 16.0% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹2,510 Cr
+9.4% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹482 Cr
+16.0% on a year earlier
What was left for shareholders after every cost and tax.

How does Bharti Hexacom compare with its peers?

Compared with 8 Telecommunication (the sector, as the industry was too small); 4th of 8 on P/E; 2nd of 8 on quality score.

Compared with 8 Telecommunication (the sector, as the industry was too small)

8 companies

Bharti Hexacom against its peers

Largest 8 of 8 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
Bharti Hexacom Ltd₹76,065 Cr42.010.526.5%20.5%−15.0%
Vodafone Idea Ltd₹1.4 L Cr3.8—-38.9%-1.1%+45.1%
Indus Towers Ltd₹99,103 Cr14.02.819.8%18.7%+7.4%
Sterlite Technologies Ltd₹52,133 Cr204.36.20.5%6.0%+758.4%
Tata Communications Ltd₹47,401 Cr49.93.67.5%8.4%−7.5%
HFCL Ltd₹40,634 Cr67.82.25.8%9.1%+247.4%
ITI Ltd₹23,141 Cr87.615.8——−29.4%
Tejas Networks Ltd₹8,174 Cr—2.4——−22.6%
Railtel Corporation of India Ltd₹7,962 Cr23.03.516.2%19.8%−34.1%
Peer median—49.93.56.7%8.7%+0.5%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Bharti Hexacom?

Bharti Hexacom is held by promoters 70.0%, foreign institutions 3.6%, domestic institutions 10.6%.

Shareholding pattern

Latest filing, percent of shares
Promoters70.0%
The founders and controlling group.
Foreign institutions3.6%
Overseas funds investing through the FPI route.
Domestic institutions10.6%
Indian insurers, banks, pension and mutual funds together.
Mutual funds8.4%
Indian mutual fund schemes; part of domestic institutions.
Retail and others0.6%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Bharti Hexacom?

14 analysts cover Bharti Hexacom, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

14 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Bharti Hexacom do and what is it sensitive to?

Bharti Hexacom Limited sells mobile telecom services (2G/4G/5G) and fixed-line broadband, Wi-Fi, Fixed Wireless Access and IPTV services, mainly in Rajasthan and the North-East. Sensitive to: floating-rate borrowings (interest rates).

Business-model card

FY2026 · 44 verified
4Revenue
4Channels
4Regulators
5Reg. dependencies
5Sensitivities
5Costs
3Geographies

Bharti Hexacom Limited sells mobile telecom services (2G/4G/5G) and fixed-line broadband, Wi-Fi, Fixed Wireless Access and IPTV services, mainly in Rajasthan and the North-East. It earns mainly through pack subscriptions for voice, data, messaging and value-added services, plus interconnection and roaming charges.

Revenue by segment

year ended March 31, 2026
Mobile Services95.9%
Homes, Office and Other Services4.1%

Revenue engine

4 verified
Mobile Services
Voice and data telecom services over wireless technology (2G/4G/5G), including intra-city fibre networks. Segment reported to the CODM.
Homes, Office and Other Services
Fixed-line and broadband voice and data for homes and offices, plus IPTV services. Reported as a separate segment in FY2025-26 notes.
Pack subscription service revenue
Service revenue is mainly pack subscriptions. Pack subscription charges are recognised over the subscription pack validity period.
1 more statement
Interconnection and roaming charges
Revenue from other operators using the Company's network for voice, data, messaging and signalling services.

Customers & channels

4 verified
End consumers (B2C)
The filing describes its customer base as end consumers, so consumer demand and churn drive the revenue base.
Dealers and distributors (73.9%)
Sales through dealers and distributors form most of total sales, so distributor economics shape channel reach.
Channel partners and commission scheme
Channel partners are engaged with a commission and reward scheme. Interpretation: channel commissions are a cost to obtain customers.
1 more statement
Trade receivable credit terms
Credit to customers generally runs 14-30 days, excluding group entities, and receivables are treated as impaired after 90 days past due.

Regulators

4 verified
Telecom Regulatory Authority of India (TRAI)
Governs telecom tariffs, consumer complaint rules and interconnection, and is the company's stated regulator.
Department of Telecommunications (DoT)
Issues directives, orders and circulars that bear on the company's operations.
Telecommunications Engineering Centre (TEC)
Drafts technical standards, including for AI systems in telecom networks, that apply to the company's infrastructure.
1 more statement
SACFA (Standing Advisory Committee on Frequency Allocation)
Frequency and site norms that the filing lists among regulatory risks to the business.

Regulatory dependencies

5 verified
TRAI tariff order
Tariff orders set the pricing the company can charge. Interpretation: a tariff change would move service revenue and ARPU directly.
Spectrum prices, subscriber verification norms and penalties
The filing lists these as regulatory changes that are potential risks. Interpretation: higher spectrum prices raise capital cost and penalties hit profit.
Regulatory levies as exceptional charge
A regulatory levy was booked as an exceptional item in FY2024-25, reducing reported profit in that year.
2 more statements
Tariff structure and pricing
The filing says a balanced tariff structure is critical to industry viability and to investment. Interpretation: tariff level changes move revenue and capital recovery.
Draft Digital Data Protection Rules
Draft data protection rules are listed among regulations the company tracks. Interpretation: compliance cost and data-handling constraints.

Sensitivities

5 verified
Floating-rate borrowings (interest rates)
Sensitivity is attributable to floating-rate borrowings. Interpretation: a 100bp rise cuts profit before tax by 48 in FY2024-25, and a 100bp fall adds 48. FY2025-26 shows no effect.
Foreign exchange
Currency volatility could hurt financial performance. Interpretation: FX outflows exceed earnings, so a weaker rupee raises the cost of foreign payments.
Economic slowdown
Slowing growth reduces consumer spending and can slow the telecom sector. Interpretation: lower spending hits pack and ARPU revenue.
2 more statements
Monsoon and food prices
A below-normal monsoon may affect agricultural output and rural demand. Interpretation: rural subscriber demand weakens in the North-East and Rajasthan circles.
Competitive pricing pressure
New entrants could intensify pricing pressure and tariff erosion, hurting profitability and margins.

Cost inputs

5 verified
Related-party purchases (63.2%)
Purchases from related parties form most of total operational expenditure. The filing does not name the related parties in this excerpt.
Telecom tower lease contracts
Tower leases include land, passive infrastructure, maintenance, security and energy. Interpretation: tower rent is a fixed-type cost bundled with services.
Network and non-network supplies
Shortages and global supply chain disruptions can cause longer lead times and higher procurement costs.
2 more statements
Foreign exchange outgo
Foreign exchange outgo was far larger than earnings in the year. Interpretation: imported equipment or services drive the outflow.
Intermediary commission
Costs to obtain or fulfil customer contracts include intermediary commission.

Geographies

3 verified
Rajasthan and North-Eastern regions
The company's main circles, with a stated focus on growth in these regions with lower mobile and internet penetration.
National operations (7 states)
Markets served are national across 7 states, with no international operations.
Exports (0.1%)
Exports are a very small share of turnover; the company has no international operations.
Each statement is checked word for word against the FY2026 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (4 Aug 2026).

Change log

8 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Corporate actionDividend - Rs 18 Per Share.
  3. Results filedQ4 FY2026 results filed.
  4. Results filedQ3 FY2026 results filed.
  5. Results filedQ2 FY2026 results filed.
  6. Results filedQ1 FY2026 results filed.
  7. Corporate actionDividend - Rs 10 Per Share.
  8. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored; P/E vs own history: 0 of 36 months of P/E history.
  • FlagsWATCH on 28 of 30 flags judged; 2 red; 2 could not be judged.
  • Data gapsDividend yield, Business quality, EPS, 5-year return, Wealth destroyer, EPS 5 years and 1 more: not available yet.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓30 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2026 · 44 verified

Questions people ask

What is Bharti Hexacom's share price today?

Bharti Hexacom last traded at ₹1,534.70 on the NSE, as of 13 Oct 2026, 10:45 am IST, up 0.9% on the day, down 15.0% over a year. Its 52-week range is ₹1,359 to ₹1,956. The live price is in the app.

What is Bharti Hexacom's market cap?

Bharti Hexacom's market capitalisation is about ₹76,065 crore: what it would cost to buy every share at today's price. That makes it the 43rd largest mid cap company we cover.

Is Bharti Hexacom Ltd a large cap, mid cap or small cap?

Bharti Hexacom Ltd (BHARTIHEXA) is a mid cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Bharti Hexacom Ltd's P/E ratio?

42.00, vs peers 49.9 · 4th of 8. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is Bharti Hexacom Ltd overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 42.0 vs peers 49.9 (4th of 8); P/B 10.5 vs peers 3.5 (7th of 8).

How does Bharti Hexacom Ltd make money?

Bharti Hexacom Limited sells mobile telecom services (2G/4G/5G) and fixed-line broadband, Wi-Fi, Fixed Wireless Access and IPTV services, mainly in Rajasthan and the North-East. It earns mainly through pack subscriptions for voice, data, messaging and value-added services, plus interconnection and roaming charges.

Who are Bharti Hexacom Ltd's peers?

Compared with 8 Telecommunication (the sector, as the industry was too small): Vodafone Idea Ltd, Indus Towers Ltd, Sterlite Technologies Ltd, Tata Communications Ltd, HFCL Ltd and 3 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Bharti Hexacom do last quarter?

Bharti Hexacom reported revenue of ₹2,510 Cr, up 9.4% on a year earlier and a net profit of ₹482 Cr, up 16.0% in the Jun 2026 quarter.

Who owns Bharti Hexacom?

Bharti Hexacom is held by promoters 70.0%, foreign institutions 3.6%, domestic institutions 10.6%.

Does Bharti Hexacom pay a dividend?

Bharti Hexacom last paid ₹18.00 a share, ex-dividend 31 Jul 2026; nothing in the past 12 months counts toward a yield.

What do analysts say about Bharti Hexacom?

14 analysts cover Bharti Hexacom, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

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