BHARTIHEXA

Bharti Hexacom Limited

Mobile, fixed-line, broadband and IPTV services, operating under the Airtel brand

Telecommunication›Telecommunication›Telecom - Services›Telecom - Cellular & Fixed line services

bhartihexacom.in(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-19

Stock price
₹1632.60
Market cap
81,613 Cr
Stock P/E
44.7
P/B
11.40
Dividend yield
0.6%
ROE (FY26)
24.2%
ROCE (FY26)
29.1%
Operating margin (FY26)
28.6%
Debt / equity (FY26)
0.38
OCF / EBITDA (FY26)
91.3%
OCF / EBITDA (3Y)
101.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

Bharti Hexacom is a telecom company that sells mobile services and home and office broadband under the Airtel brand to customers in India.

Company snapshot

3rdBy market cap

Ranked among 7 companies in Telecom - Cellular & Fixed line services.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 97.4% of revenue

SegmentRevenue shareRevenuePBTAssets
- Homes and Office Services
2.9%
65 Cr3 Cr823 Cr
- Mobile Services
97.4%
2,193 Cr660 Cr17,683 Cr
- Inter-segment eliminations—0 Cr0 Cr-408 Cr

What we see

Positives
  • ✓Net margin of 18.5% — the business keeps a healthy share of every rupee it earns.
2 more signals from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricMar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,868 Cr1,911 Cr2,098 Cr2,251 Cr2,289 Cr2,263 Cr2,317 Cr2,360 Cr2,414 Cr2,510 Cr
Operating expenses (approx.)990 Cr1,035 Cr1,096 Cr1,099 Cr1,121 Cr1,102 Cr1,109 Cr1,105 Cr1,146 Cr1,188 Cr
EBITDA878 Cr876 Cr1,002 Cr1,152 Cr1,168 Cr1,161 Cr1,208 Cr1,254 Cr1,267 Cr1,322 Cr
OPM %47.0%45.8%47.8%51.2%51.0%51.3%52.1%53.2%52.5%52.7%
Other income49 Cr40 Cr49 Cr45 Cr48 Cr48 Cr61 Cr38 Cr78 Cr72 Cr
Interest166 Cr162 Cr175 Cr180 Cr171 Cr154 Cr151 Cr147 Cr149 Cr149 Cr
Depreciation460 Cr496 Cr536 Cr532 Cr531 Cr527 Cr554 Cr567 Cr565 Cr593 Cr
Profit before tax301 Cr577 Cr340 Cr379 Cr513 Cr527 Cr564 Cr569 Cr606 Cr653 Cr
Tax %26.0%11.4%25.4%31.2%8.7%25.7%25.3%16.7%26.3%26.1%
Net profit223 Cr511 Cr253 Cr261 Cr468 Cr392 Cr421 Cr474 Cr447 Cr482 Cr
EPS (₹)₹4.45₹10.22₹5.06₹5.22₹9.37₹7.83₹8.42₹9.47₹8.93₹9.65

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,602 Cr5,405 Cr6,579 Cr7,089 Cr8,548 Cr9,354 CrSign in free for the trailing twelve months
Operating expenses (approx.)3,892 Cr1,640 Cr3,793 Cr3,728 Cr4,351 Cr4,463 CrSign in free for the trailing twelve months
EBITDA711 Cr3,765 Cr2,786 Cr3,361 Cr4,197 Cr4,890 CrSign in free for the trailing twelve months
OPM %15.4%69.7%42.3%47.4%49.1%52.3%Sign in free for the trailing twelve months
Other income102 Cr89 Cr140 Cr249 Cr182 Cr224 CrSign in free for the trailing twelve months
Interest517 Cr572 Cr639 Cr644 Cr688 Cr601 CrSign in free for the trailing twelve months
Depreciation1,285 Cr1,441 Cr1,553 Cr1,739 Cr2,095 Cr2,213 CrSign in free for the trailing twelve months
Profit before tax-989 Cr1,841 Cr734 Cr923 Cr1,809 Cr2,266 CrSign in free for the trailing twelve months
Tax %-4.5%9.0%25.2%45.4%17.4%23.5%Sign in free for the trailing twelve months
Net profit-1,034 Cr1,675 Cr549 Cr504 Cr1,494 Cr1,733 CrSign in free for the trailing twelve months
EPS (₹)₹-20.68₹33.49₹10.98₹10.09₹29.87₹34.66Sign in free for the trailing twelve months
Dividend payout %———14.9%13.4%28.8%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital250 Cr250 Cr250 Cr250 Cr250 Cr250 Cr
Reserves1,736 Cr3,411 Cr3,960 Cr4,389 Cr5,682 Cr6,915 Cr
Borrowings5,975 Cr7,198 Cr6,269 Cr4,835 Cr3,780 Cr2,694 Cr
Other liabilities7,042 Cr5,815 Cr7,774 Cr9,044 Cr9,539 Cr9,191 Cr
Total liabilities15,004 Cr16,674 Cr18,253 Cr18,517 Cr19,251 Cr19,051 Cr
Fixed assets (net)3,905 Cr3,840 Cr4,071 Cr8,204 Cr8,481 Cr8,261 Cr
CWIP71 Cr64 Cr456 Cr197 Cr297 Cr476 Cr
Investments0 Cr49 Cr1,046 Cr238 Cr74 Cr631 Cr
Trade receivables143 Cr2,096 Cr149 Cr445 Cr108 Cr108 Cr
Cash & bank28 Cr89 Cr56 Cr40 Cr17 Cr33 Cr
Other assets10,857 Cr10,537 Cr12,475 Cr9,395 Cr10,274 Cr9,541 Cr
Total assets15,004 Cr16,674 Cr18,253 Cr18,517 Cr19,251 Cr19,051 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity1,517 Cr1,258 Cr5,108 Cr3,546 Cr4,583 Cr4,464 Cr
Cash from investing-882 Cr-1,382 Cr-2,031 Cr-1,155 Cr-2,341 Cr-2,010 Cr
Cash from financing-604 Cr183 Cr-3,111 Cr-2,404 Cr-2,265 Cr-2,438 Cr
Net cash flow31 Cr59 Cr-34 Cr-13 Cr-23 Cr16 Cr
Free cash flow (OCF − Capex)-19 Cr-80 Cr4,037 Cr1,453 Cr2,052 Cr2,971 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-5.9%22.2%13.1%16.5%25.7%29.1%
ROE %-52.1%45.7%13.0%10.9%25.2%24.2%
Debtor days1114182354
Inventory days———000
Days payable17610180766863
Cash conversion cycle-16540-71-54-63-58
OCF / EBITDA %213.5%33.4%183.4%105.5%109.2%91.3%
OCF / EBITDA % (3 years)——108.6%100.0%128.0%101.2%
Debt / equity3.011.971.491.040.640.38
Current ratio0.270.650.470.320.280.38
Net debt / EBITDA8.371.892.231.430.900.54