Bharti Hexacom Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹81,805 Cr
- P/E
- 44.26
- ROE
- 25.95%
- PEG
- 0.98
- Price to sales
- 8.54
- Debt to equity
- 0.86
- 52W high / low
- ₹1,873 / ₹1,379
- Sales growth (5Y)
- 15.24%
- EBITDA margin
- 52.62%
- Net profit margin
- 18.17%
- Promoter holding
- 70.00%
- Sales (last year)
- ₹9,601 Cr
IIncorporated in 1995, Bharti Hexacom Ltd provides consumer mobile services, fixed- line telephone and broadband services in Rajasthan and Northeast telecom circles[1]
Guidance scorecard · Q1 FY27 call
What Bharti Hexacom Ltd's management guided
and where it ranks in Telecom - Services
Telecom - Services
RevenueQ1 FY27 call
20–40%Ask what Bharti Hexacom Ltd said on revenue →
Full Q1 FY27 analysisMarginsQ1 FY27 call
FlatSee what Bharti Hexacom Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Annual capex is around $4 billion, with a shift from radio to transport infrastructure including fiber and homes.
- Focus on rapid data center buildout, expanding from 120-130 MW to 1 gigawatt over the next few years, especially targeting Mumbai land parcels.
- Investments in subsea cables, sovereign compute, AI infrastructure, and 5G standalone (software-driven, modest capex) are key strategic priorities.
- Airtel will fund necessary capex to support growth and competitiveness without holding back.
- For data centers (Nxtra), external funding is considered for significant capex step-ups alongside own balance sheet use.
2 more points from Bharti Hexacom Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Bharti Hexacom Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Bharti Hexacom Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Telecom - Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Telecom - Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹39,185 Cr | 68.4 | |
| 2 | 40%+ | Flat | ₹3,509 Cr | 11.7 | |
| 3 | 40%+ | Flat | ₹3,372 Cr | 15.5 | |
| 4 | 20–40% | Flat | ₹11.94L Cr | 38.2 | |
| 5 | Bharti Hexacom LtdThis stock | 20–40% | Flat | ₹81,095 Cr | 43.9 |
| 6 | 20–40% | Flat | ₹52,416 Cr | 41.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Telecom - Services rankingFinancials of Bharti Hexacom Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Bharti Hexacom Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,732 | 1,682 | 1,738 | 1,801 | 1,868 | 1,911 | 2,098 | 2,251 | 2,289 | 2,263 | 2,317 | 2,360 | 2,414 |
| Expenses + | 962 | 852 | 913 | 973 | 990 | 1,035 | 1,096 | 1,099 | 1,121 | 1,102 | 1,109 | 1,105 | 1,146 |
| Operating Profit | 770 | 830 | 826 | 828 | 878 | 876 | 1,002 | 1,152 | 1,168 | 1,161 | 1,208 | 1,254 | 1,267 |
| OPM % | 44% | 49% | 48% | 46% | 47% | 46% | 48% | 51% | 51% | 51% | 52% | 53% | 52% |
| Other Income + | 44 | 80 | -246 | 62 | 49 | 358 | 49 | -61 | 48 | 48 | 61 | 28 | 53 |
| Interest | 149 | 154 | 156 | 169 | 166 | 162 | 175 | 180 | 171 | 154 | 151 | 147 | 149 |
| Depreciation | 395 | 414 | 432 | 433 | 460 | 496 | 536 | 532 | 531 | 527 | 554 | 567 | 565 |
| Profit before tax | 270 | 342 | -8 | 288 | 301 | 577 | 340 | 379 | 513 | 527 | 564 | 569 | 606 |
| Tax % | 25% | 26% | 2,322% | 26% | 26% | 11% | 25% | 31% | 9% | 26% | 25% | 17% | 26% |
| Net Profit + | 202 | 253 | -184 | 213 | 223 | 511 | 253 | 261 | 468 | 392 | 421 | 474 | 447 |
| EPS in Rs | 8.08 | 10.13 | -7.36 | 4.25 | 4.45 | 10.22 | 5.06 | 5.22 | 9.37 | 7.83 | 8.42 | 9.47 | 8.93 |
Financials of Bharti Hexacom Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 3,614 | 3,874 | 4,602 | 5,405 | 6,579 | 7,089 | 8,548 | 9,354 |
| Expenses + | 3,702 | 3,376 | 3,550 | 3,591 | 3,793 | 3,728 | 4,351 | 4,463 |
| Operating Profit | -89 | 499 | 1,052 | 1,814 | 2,786 | 3,361 | 4,197 | 4,890 |
| OPM % | -2% | 13% | 23% | 34% | 42% | 47% | 49% | 52% |
| Other Income + | 222 | -2,158 | -240 | 2,040 | 140 | -54 | 394 | 190 |
| Interest | 248 | 526 | 517 | 572 | 639 | 644 | 688 | 601 |
| Depreciation | 1,009 | 1,250 | 1,285 | 1,441 | 1,553 | 1,739 | 2,094 | 2,213 |
| Profit before tax | -1,123 | -3,435 | -989 | 1,841 | 734 | 923 | 1,809 | 2,266 |
| Tax % | -36% | -21% | 5% | 9% | 25% | 45% | 17% | 24% |
| Net Profit + | -722 | -2,716 | -1,034 | 1,675 | 549 | 504 | 1,494 | 1,733 |
| EPS in Rs | -28.88 | -108.66 | -41.36 | 66.98 | 21.97 | 10.09 | 29.87 | 34.66 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 14% | 40% | 33% | 52% |
Financials of Bharti Hexacom Ltd
Balance Sheet
Capital structure and asset base
| 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 |
Financials of Bharti Hexacom Ltd
Cash Flows
Operating, investing and financing cash movement
| 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% |
Financials of Bharti Hexacom Ltd
Ratios
Working capital efficiency and return ratios
| 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 | -147 |
| ROCE % | -9% | -1% | 4% | 10% | 14% | 17% | 22% |
Guidance history
How Bharti Hexacom Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | Planned | — |
| Q3 FY26 call → | 0–10% | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
60 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −12.3% | 48% |
| Last 6 months | +7.8% | 66% |
| Last 3 months | +1.8% | 70% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Bharti Hexacom Ltd: 0.4 × 48 + 0.4 × 66 + 0.2 × 70 = 60.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Bharti Hexacom Ltd's management said in earlier quarters
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