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Swing Capital

Bharti Hexacom Ltd

NSE: BHARTIHEXA BSE: 544162Telecom

IIncorporated in 1995, Bharti Hexacom Ltd provides consumer mobile services, fixed- line telephone and broadband services in Rajasthan and Northeast telecom circles[1]

₹1,584
52W: ₹1439 — ₹2053
PE 44.9 · Book ₹143 · +1008% vs book
Market Cap₹79,178 Cr
Stock P/E44.9Price to Earnings
ROCE21.8%Return on Capital
ROE26.9%Return on Equity
Div. Yield0.65%Face Value ₹5

Strengths

  • +Company has delivered good profit growth of 35.0% CAGR over last 5 years
  • +Company has been maintaining a healthy dividend payout of 41.7%

Weaknesses

  • −Stock is trading at 10.9 times its book value

Shareholding Pattern

Promoters70%
FIIs3.69%
DIIs10.6%
Public15.71%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters70%70%70%70%70%70%70%70%
FIIs4.54%5.06%▲0.55.02%▼0.04.33%▼0.74.33%3.94%▼0.43.98%▲0.03.69%▼0.3
DIIs9.14%8.88%▼0.39.28%▲0.49.97%▲0.79.81%▼0.210.24%▲0.410.28%▲0.010.6%▲0.3
Public16.3%16.05%▼0.315.71%▼0.315.71%15.86%▲0.115.83%▼0.015.73%▼0.115.71%▼0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1,8011,8681,9112,0982,2512,2892,2632,3172,3602,414
Expenses9739901,0351,0961,0991,1211,1021,1091,1051,146
Operating Profit8288788761,0021,1521,1681,1611,2081,2541,267
OPM %46%47%46%48%51%51%51%52%53%52%
Net Profit213223511253261468392421474447
EPS ₹4.254.4510.225.065.229.377.838.429.478.93

AI Insights

Revenue Trend

Mar 2026 revenue at ₹9,354Cr, up 9.4% YoY. OPM at 52%.

Debt Position

Borrowings at ₹6,137Cr. Debt-to-equity ratio: 0.89x. Moderate leverage.

Capex Cycle

CWIP at ₹476Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 10.6% (+1.46pp change). FIIs: 3.69% (-0.85pp change). Promoters hold 70%.

Margin & Efficiency

ROCE improving from 0% (Mar 2019) to 22% (Mar 2026). Working capital days: -147.

Valuation

PE 44.9x with 21.8% ROCE. Price is 1008% above book value of ₹143. Dividend yield: 0.65%.

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