Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,738 | 1,801 | 1,868 | 1,911 | 2,098 | 2,251 | 2,289 | 2,263 | 2,317 | 2,360 | 2,414 | 2,510 |
| Expenses | 913 | 973 | 990 | 1,035 | 1,096 | 1,099 | 1,121 | 1,102 | 1,109 | 1,105 | 1,146 | 1,188 |
| Operating Profit | 826 | 828 | 878 | 876 | 1,002 | 1,152 | 1,168 | 1,161 | 1,208 | 1,254 | 1,267 | 1,322 |
| OPM % | 48% | 46% | 47% | 46% | 48% | 51% | 51% | 51% | 52% | 53% | 52% | 53% |
| Other Income | -246 | 62 | 49 | 358 | 49 | -61 | 48 | 48 | 61 | 28 | 53 | 72 |
| Interest | 156 | 169 | 166 | 162 | 175 | 180 | 171 | 154 | 151 | 147 | 149 | 149 |
| Depreciation | 432 | 433 | 460 | 496 | 536 | 532 | 531 | 527 | 554 | 567 | 565 | 592 |
| Profit before tax | -8 | 288 | 301 | 577 | 340 | 379 | 513 | 527 | 564 | 569 | 606 | 653 |
| Tax % | 2,322% | 26% | 26% | 11% | 25% | 31% | 9% | 26% | 25% | 17% | 26% | 26% |
| Net Profit | -184 | 213 | 223 | 511 | 253 | 261 | 468 | 392 | 421 | 474 | 447 | 482 |
| EPS in Rs | -7.36 | 4.25 | 4.45 | 10.22 | 5.06 | 5.22 | 9.37 | 7.83 | 8.42 | 9.47 | 8.93 | 9.65 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,614 | 3,874 | 4,602 | 5,405 | 6,579 | 7,089 | 8,548 | 9,354 | 9,601 |
| Expenses | 3,702 | 3,376 | 3,550 | 3,591 | 3,793 | 3,728 | 4,351 | 4,463 | 4,549 |
| Operating Profit | -89 | 499 | 1,052 | 1,814 | 2,786 | 3,361 | 4,197 | 4,890 | 5,052 |
| OPM % | -2.5% | 13% | 23% | 34% | 42% | 47% | 49% | 52% | 53% |
| Other Income | 222 | -2,158 | -240 | 2,040 | 140 | -54 | 394 | 190 | 215 |
| Interest | 248 | 526 | 517 | 572 | 639 | 644 | 688 | 601 | 596 |
| Depreciation | 1,009 | 1,250 | 1,285 | 1,441 | 1,553 | 1,739 | 2,094 | 2,213 | 2,278 |
| Profit before tax | -1,123 | -3,435 | -989 | 1,841 | 734 | 923 | 1,809 | 2,266 | 2,392 |
| Tax % | -36% | -21% | 5% | 9% | 25% | 45% | 17% | 24% | |
| Net Profit | -722 | -2,716 | -1,034 | 1,675 | 549 | 504 | 1,494 | 1,733 | 1,824 |
| EPS in Rs | -28.88 | -108.66 | -41.36 | 66.98 | 21.97 | 10.09 | 29.87 | 34.66 | 36.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 14% | 40% | 33% | 81% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 15% | 12% | 8% | ||
| Compounded Profit Growth | % | 35% | 46% | 29% | ||
| Stock Price CAGR | % | % | % | -15% | ||
| Return on Equity | % | 17% | 22% | 26% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 |
| Reserves | 5,518 | 2,770 | 1,736 | 3,410 | 3,960 | 4,389 | 5,682 | 6,915 |
| Borrowings | 2,941 | 5,191 | 7,774 | 9,068 | 9,204 | 8,105 | 7,353 | 6,137 |
| Other Liabilities | 2,632 | 7,224 | 5,244 | 3,945 | 4,840 | 5,774 | 5,966 | 5,748 |
| Total Liabilities | 11,341 | 15,435 | 15,004 | 16,674 | 18,253 | 18,517 | 19,251 | 19,051 |
| Fixed Assets | 9,226 | 9,874 | 10,304 | 10,234 | 11,174 | 13,615 | 14,733 | 14,038 |
| CWIP | 162 | 110 | 71 | 64 | 1,936 | 444 | 297 | 476 |
| Investments | 0 | 625 | 0 | 49 | 1,046 | 238 | 74 | 631 |
| Other Assets | 1,952 | 4,825 | 4,629 | 6,328 | 4,097 | 4,220 | 4,147 | 3,905 |
| Total Assets | 11,341 | 15,435 | 15,004 | 16,674 | 18,253 | 18,517 | 19,251 | 19,051 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 493 | -316 | 1,517 | 1,258 | 5,108 | 3,546 | 4,583 | 4,464 |
| Cash from Investing Activity | -1,166 | -1,076 | -882 | -1,382 | -2,031 | -1,155 | -2,341 | -2,010 |
| Cash from Financing Activity | 560 | 1,864 | -604 | 183 | -3,111 | -2,404 | -2,265 | -2,438 |
| Net Cash Flow | -114 | 473 | 30 | 59 | -34 | -13 | -23 | 16 |
| Free Cash Flow | -675 | -777 | 64 | -76 | 4,169 | 1,498 | 3,104 | 3,026 |
| CFO/OP | -653% | -59% | 147% | 70% | 184% | 106% | 125% | 106% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 10 | 22 | 11 | 142 | 8 | 23 | 5 | 4 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 10 | 22 | 11 | 142 | 8 | 23 | 5 | 4 |
| Working Capital Days | -135 | -317 | -438 | -157 | -243 | -281 | -215 | -171 |
| ROCE % | -9% | -1% | 4% | 10% | 14% | 17% | 21% |
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Promoters | 70.00% | 70.00% | 70.00% | 70.00% | 70.00% | 70.00% | 70.00% | 70.00% | 70.00% |
| FIIs | 4.54% | 5.06% | 5.02% | 4.33% | 4.33% | 3.94% | 3.98% | 3.69% | 3.58% |
| DIIs | 9.14% | 8.88% | 9.28% | 9.97% | 9.81% | 10.24% | 10.28% | 10.60% | 10.64% |
| Public | 16.30% | 16.05% | 15.71% | 15.71% | 15.86% | 15.83% | 15.73% | 15.71% | 15.77% |
| No. of Shareholders | 1,06,437 | 1,00,982 | 87,449 | 85,480 | 96,675 | 95,145 | 91,986 | 89,246 | 89,330 |
Fundamentals
Market Cap₹ 70,470 Cr.
Current Price₹ 1,409
Stock P/E38.1
Book Value₹ 143
ROCE21.4 %
ROE26.0 %
Dividend Yield1.28 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)29%
Standalone figures.
Valuation
Market capRs 68,960 Cr
Enterprise valueRs 76,990 Cr
P/E (TTM)37.81x
Price to book14.87x
Price to sales7.18x
EV / EBITDA14.62x
EV / EBIT25.76x
EV / sales8.02x
Price to cash flow19.45x
Earnings yield2.65%
Dividend yield0.29%
Profitability
Operating margin (excl. other income)47.42%
Operating margin (incl. other income)46.65%
EBITDA margin54.86%
Pre-tax margin24.92%
Net profit margin19.00%
Net margin, latest quarter19.22%
ROE11.40%
ROCE11.99%
ROA2.74%
ROE, 3-year average28.22%
ROCE, 3-year average14.65%
ROA, 3-year average5.49%
ROE, 5-year average-3.69%
ROCE, 5-year average0.86%
ROA, 5-year average-2.12%
ROIC (approx.)12.89%
Tax rate45.37%
Other income / net worth-1.17%
Growth
Sales growth (latest year)7.75%
Profit growth (latest year)-8.16%
Sales CAGR, 3 years15.49%
Sales CAGR, 5 years14.43%
Sales growth QoQ3.99%
Profit growth QoQ7.99%
Sales growth YoY (latest quarter)10.91%
Profit growth YoY (latest quarter)23.19%
Per share
EPS (TTM)Rs 36.48
EPS (latest year)Rs 10.09
EPS (latest quarter)Rs 9.65
EPS, 3-year averageRs 33.01
EPS, 5-year averageRs -10.20
Book value per shareRs 92.77
Sales per shareRs 192.01
Cash flow per shareRs 70.92
Free cash flow per shareRs 60.52
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 3.50
Dividend per share, 5-year averageRs 3.50
Dividends
Dividend payout39.65%
Dividend payout, 3-year average26.65%
Dividend payout, 5-year average26.65%
Efficiency
Asset turnover0.38x
Fixed asset turnover0.52x
Debtor days23 days
Debtors turnover15.94x
Cash conversion cycle4 days
Working capital days-171 days
Leverage
Total debtRs 8,105 Cr
Cash and bankRs 74 Cr
Net debtRs 8,030 Cr
Debt to equity1.75x
Net debt / EBITDA1.52x
Interest coverage5.01x
Current ratio (filing 2026-03-31)0.38x
Quick ratio (filing 2026-03-31)0.38x
Trade payables (filing 2026-03-31)Rs 1,606 Cr
Owners' fund to total sources25.05%
Debt to assets43.77%
Cash flow
Cash from Operating Activity (latest year)Rs 3,546 Cr
Cash from Investing Activity (latest year)Rs -1,155 Cr
Cash from Financing Activity (latest year)Rs -2,404 Cr
Net Cash Flow (latest year)Rs -13 Cr
Free cash flow (latest year)Rs 3,026 Cr
FCFE (approx.: FCF + change in debt)Rs 1,927 Cr
Cash from ops / profit, 5 years3.18x
Sales to cash flow2.00x
Statement figures
Net sales (TTM)Rs 9,601 Cr
Net sales (latest year)Rs 7,089 Cr
Sales (latest quarter)Rs 2,510 Cr
Operating profit excl. other income (latest year)Rs 3,361 Cr
Operating profit (latest quarter)Rs 1,322 Cr
Other income (TTM)Rs 215 Cr
EBITDA (TTM)Rs 5,267 Cr
PBDT (TTM)Rs 4,671 Cr
Profit before tax (TTM)Rs 2,392 Cr
Tax (latest year)Rs 419 Cr
Net profit (TTM)Rs 1,824 Cr
Net profit (latest year)Rs 504 Cr
Net profit (latest quarter)Rs 482 Cr
Depreciation (TTM)Rs 2,278 Cr
Depreciation (latest quarter)Rs 592 Cr
Interest (TTM)Rs 596 Cr
Cost of goods sold (latest year)Rs 2,337 Cr
Total expenditure (latest year)Rs 3,728 Cr
Total income (latest year)Rs 7,034 Cr
Share capitalRs 250 Cr
ReservesRs 4,389 Cr
Shareholders' fundsRs 4,639 Cr
Total assetsRs 18,517 Cr
Net blockRs 13,615 Cr
Capital work in progressRs 444 Cr
InvestmentsRs 238 Cr
ReceivablesRs 445 Cr
Other liabilitiesRs 5,774 Cr
Shares outstanding (crore)50.00
Ownership
Promoter holding70.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 37.8 is at the 10th percentile of its own 2.4-year range
(median 43.5, low 33.4, high 67.7).
P/B 14.87 is the lowest in 2.6 years (median 19.09).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | BHARTIHEXA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.5% | -2.8% | -5.7 pts |
| 1 month | -8.8% | -6.8% | -2.0 pts |
| 3 months | -5.2% | -7.6% | +2.5 pts |
| 6 months | -8.6% | +0.4% | -9.0 pts |
| 1 year | -20.2% | -9.9% | -10.3 pts |
| 2 years | -5.5% | -13.6% | +8.0 pts |
133 mutual fund schemes hold about ₹6,948 Cr.
Over three months 68 bought more and 24 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Kotak Mid Cap Fund | 2.03% | 1,444 | +13% |
| Motilal Oswal Midcap Fund | 2.27% | 973 | -19% |
| Axis Midcap Fund | 0.93% | 320 | +5% |
| ICICI Pru Technology Fund | 2.21% | 302 | +1% |
| PGIM India Midcap Fund | 2.35% | 263 | +8% |
| ICICI Pru Innovation Fund | 2.78% | 218 | +15% |
| Kotak Small Cap Fund | 1.09% | 215 | +4% |
| HDFC Mid Cap Fund | 0.20% | 211 | +2% |
| WOC Mid Cap Fund | 2.72% | 203 | +1% |
| UTI Mid Cap Fund | 1.41% | 181 | +10% |
| Canara Rob Large and Mid Cap Fund | 0.67% | 176 | +5% |
| Tata Mid Cap Fund | 2.53% | 158 | +51% |
| ICICI Pru Mid Cap Fund | 1.38% | 116 | +3% |
| ICICI Pru Mid Cap Fund | 1.38% | 110 | +3% |
| Edelweiss Mid Cap Fund | 0.51% | 101 | -2% |
| ICICI Pru Multi Cap Fund | 0.52% | 101 | +2% |
| Franklin India Mid Cap Fund | 0.76% | 99 | -15% |
| Kotak Business Cycle Fund | 2.78% | 98 | +3% |
| ICICI Pru Multi Cap Fund | 0.52% | 97 | +2% |
| Kotak Pioneer Fund | 2.24% | 96 | -1% |
| Sundaram Mid Cap Fund | 0.61% | 90 | +4% |
| Sundaram Mid Cap Fund | 0.61% | 88 | +4% |
| Nippon India Vision Large & Mid Cap Fund | 1.02% | 81 | +182% |
| Nippon India Flexi Cap Fund | 0.78% | 77 | -11% |
| Mahindra Manulife Mid Cap Fund | 1.19% | 64 | +3% |
Red flags
F-score 6 of 7| look | Regulator order or action Regulator order or action 2026-07-30: Bharti Hexacom Limited has informed the Exchange about Action(s) taken or orders passed |
| look | Auditor change Auditor change 2026-03-10: Bharti Hexacom Limited has informed the Exchange regarding Change in Auditors of the company. |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹2,510 Cr +10.9% vs Jun 2025.
Net profit ₹482 Cr +23.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Bharti Airtel Ltd | 1,105,515 | 35.4 | 17.6 % |
| Vodafone Idea Ltd | 146,913 | -1.72 % | |
| Tata Communications Ltd | 47,173 | 45.3 | 14.6 % |
| Tata Teleservices (Maharashtra) Ltd | 6,877 | 55.6 % | |
| Mahanagar Telephone Nigam Ltd | 1,459 | -9.32 % | |
| Reliance Communications Ltd | 235 | % | |
| Quadrant Televentures Ltd | 53 | % | |
| City Online Services Ltd | 4 | -92.3 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-31 | Dividend - Rs 18 Per Share | |
| 2025-07-25 | Dividend - Rs 10 Per Share | |
| 2024-08-16 | Dividend - Rs 4 Per Share |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Bharti Hexacom Ltd?
Bharti Hexacom Ltd (BHARTIHEXA) has a market capitalisation of Rs 70,470 Cr. at the 2026-10-01 close.
What is the P/E ratio of Bharti Hexacom Ltd?
Bharti Hexacom Ltd trades at a P/E of 38.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were Bharti Hexacom Ltd's latest quarterly results?
In the Jun 2026 quarter, Bharti Hexacom Ltd sales was Rs 2,510 Cr (+10.9% vs Jun 2025) and net profit was Rs 482 Cr.
What is the 52-week high and low of Bharti Hexacom Ltd?
The 52-week high is Rs 1,955.60 and the 52-week low is Rs 1,398.00.