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Bharti Hexacom Limited (BHARTIHEXA.NS)

INR1,639.80 +18.00 (+1.11%)
IN NSE Communication Services Telecommunications Services
Address Bharti Crescent 110070
New Delhi, IN
CEO Marut Dilawari
IPO 2024-04-12
ISIN INE343G01021

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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, data communication services, and international roaming for voice and data. The company also provides conventional landline telephony and high-speed internet. A key offering is Airtel Black, a comprehensive package designed for households that integrates mobile, broadband, fixed-line, and digital television services. Established in 1995, the firm was initially known as Hexacom India Limited before being renamed Bharti Hexacom Limited in December 2004. Headquartered in New Delhi, India, it functions as a subsidiary of Bharti Airtel Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,639.80 +18.00 (+1.11%)
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Volume Profile
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Liquidity & share structure
Average Volume
182.9K
Beta
0.12
Float Shares
75.00M
Free Float %
15.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.36% -0.78% -2.02% -9.53% -15.04% -17.13% -11.13% +85.63% +85.63% +85.63% +85.63%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,639.80
DCF (Unlevered) 2,022.68 +23.3%
DCF (Levered) 2,435.70 +48.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 62% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 7 0
Hold 3 0
Sell 1 0
Strong Sell 1 0
Quality scores
Altman Z-Score
4.56
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Telecommunications Services: +7.0%
    +9.4% Q1'26: +5.4% (vs Q1'25)
  • EPS growth Telecommunications Services: +15.8%
    +16.0% Q1'26: -4.7% (vs Q1'25)
  • FCF margin FCF growth · Telecommunications Services: +29.4%
    +26.2% Q1'26: +10.1% (vs Q1'25)
  • EBIT margin Telecommunications Services: +14.7%
    +28.6% Q1'26: +29.1% (vs Q1'25)
  • ROIC Telecommunications Services: +6.4%
    +16.2% Q1'26: +16.4% (vs Q1'25)
  • Share dilution Telecommunications Services: +0.0%
    +0.0% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Telecommunications Services: 1.26×
    1.26× Q1'26: 1.21× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.18) × ERP
WACC = 91% × Ke + 9% × Kd (9.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,990.59 Current price: 1,639.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2024
actual
Mar 2025
actual
Mar 2026
13 Rev. Ana.
9 EPS Ana.
Mar 2027
13 Rev. Ana.
11 EPS Ana.
Mar 2028
13 Rev. Ana.
11 EPS Ana.
Mar 2029
2 Rev. Ana.
1 EPS Ana.
Mar 2030
1 Rev. Ana.
Revenue
70.89B
est: 70.49B (+0.6%)
85.48B
est: 85.40B (+0.1%)
93.93B
93.05B – 95.99B
+10.0% YoY
107.21B
103.52B – 112.77B
+14.1% YoY
121.84B
111.94B – 134.80B
+13.6% YoY
136.61B
136.11B – 137.11B
+12.1% YoY
159.88B
150.40B – 172.81B
+17.0% YoY
EBITDA
32.20B
est: 51.91B (-38.0%)
45.07B
est: 38.98B (+15.6%)
42.88B
42.47B – 43.81B
+10.0% YoY
48.94B
47.25B – 51.47B
+14.1% YoY
55.61B
51.09B – 61.53B
+13.6% YoY
62.36B
62.13B – 62.59B
+12.1% YoY
72.98B
68.65B – 78.88B
+17.0% YoY
EBIT
14.81B
est: 39.82B (-62.8%)
24.13B
est: 17.25B (+39.9%)
18.97B
18.80B – 19.39B
+10.0% YoY
21.66B
20.91B – 22.78B
+14.1% YoY
24.61B
22.61B – 27.23B
+13.6% YoY
27.59B
27.49B – 27.70B
+12.1% YoY
32.29B
30.38B – 34.90B
+17.0% YoY
Net Income
5.04B
est: 6.40B (-21.2%)
14.94B
est: 12.18B (+22.6%)
17.44B
15.99B – 19.63B
+43.2% YoY
24.68B
21.92B – 28.84B
+41.5% YoY
32.74B
26.63B – 40.67B
+32.7% YoY
38.58B
36.78B – 44.04B
+17.8% YoY
— – —
-100.0% YoY
SGA
3.69B
est: 3.20B (+15.3%)
4.17B
est: 3.81B (+9.4%)
4.19B
4.15B – 4.28B
+10.0% YoY
4.78B
4.62B – 5.03B
+14.1% YoY
5.44B
4.99B – 6.01B
+13.6% YoY
6.09B
6.07B – 6.12B
+12.1% YoY
7.13B
6.71B – 7.71B
+17.0% YoY
EPS
10.09
est: 12.80 (-21.2%)
29.87
est: 24.37 (+22.6%)
35.52
31.98 – 39.26
+45.8% YoY
48.73
43.84 – 57.68
+37.2% YoY
63.54
53.27 – 81.33
+30.4% YoY
79.70
73.55 – 88.08
+25.4% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-05-08 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-05-07 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-05-06 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-05-05 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-05-04 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-04-30 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-29 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-28 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-27 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-24 B 3/5 3/5 5/5 5/5 1/5 1/5 1/5
2026-04-23 B 3/5 3/5 5/5 5/5 1/5 1/5 1/5
2026-04-22 B 3/5 3/5 5/5 5/5 1/5 1/5 1/5
2026-04-21 B 3/5 3/5 5/5 5/5 1/5 1/5 1/5
2026-04-20 B 3/5 3/5 5/5 5/5 1/5 1/5 1/5
2026-04-17 B 3/5 3/5 5/5 5/5 1/5 1/5 1/5
2026-04-16 B 3/5 3/5 5/5 5/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
45.39B
OE per share TTM
90.79
Owner's Yield
6.23%
Maintenance CapEx ratio
59.82%
Maint CapEx / Avg PPE
109.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 19 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Matthews Emerging Markets Discovery Active ETF MEMS MEMS 1.86% 417.2K 0.99%
2 VanEck Digital India ETF DGIN 1.43% 222.1K 0.70%
3 Franklin FTSE India ETF FLIN 0.08% 2.12M 0.19%
4 Franklin FTSE India UCITS ETF FLXI.L 0.07% 1.52M 0.19%
5 Vanguard Emerging Markets Ex-China ETF VEXC 0.01% 35.3K 0.07%
6 State Street SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (Dist) MAGI.L 0.01% 141.5K 0.40%
7 Franklin FTSE Asia ex China ex Japan UCITS ETF FLQA.L 0.01% 67.6K 0.14%
8 Schwab Emerging Markets Equity ETF SCHE 0.01% 1.38M 0.06%
9 Franklin FTSE Asia ex Japan ETF FLAX 0.01% 5.5K 0.19%
10 Goldman Sachs MarketBeta Emerging Markets Equity ETF GSEE 0.01% 14.3K 0.45%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
63.14M
Shares Outstanding
500.00M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Amit Chaturvedi Company Secretary & Compliance Officer male
Balaji R. Singh Chief Executive Officer of ­North East Circle male
Karthikeyan Velu Chief Financial Officer male
Marut Dilawari Chief Executive Officer male
Priyanka Jain Circle Head of Commercial, North East Circle (NESA)
Vinayak Malpani Circle Head of Commercial - Rajasthan male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits