B

Bharti Hexacom Limited

BHARTIHEXANSE
Market snapshot · 2026-08-11 03:57 UTC

1,503.50

₹-3.50 (-0.23%)

MARKET CAP

₹75.18K Cr

STOCK P/E

42.1x

52W HIGH

₹1,955.60

52W LOW

₹1,430.00

BOOK VALUE

₹143.30

EPS

₹35.72

ROE

SECTOR

Communication Services

DEBT/EQUITY

85.65

VOLUME

3,833

P/B RATIO

10.49x

PEG RATIO

1.81

Sector

Communication Services

Themes

Telecom Services
D
Dividend
E
Earnings
₹1,840.55₹1,739.98₹1,639.42₹1,538.85₹1,438.28VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Bharti Hexacom is an Indian telecom services company operating under the Airtel brand. Mobile Services, its core segment, drives voice and data revenue across 2G, 4G, and 5G networks, while Home and Office Services supplies fixed-line voice and broadband. Airtel Black bundles mobility, Wi-Fi, digital TV, and OTT subscriptions for households. Q1 FY27 revenue increased 11% and profit rose 23.2% to ₹482.4 crore, indicating operating leverage and improving margins. ROE is unavailable, while debt/equity of 85.65 implies substantial leverage that can amplify reported returns and financial risk. Revenue grew 9.4% year-on-year, versus 16% profit growth, supporting margin expansion but leaving execution dependent on monetisation. At 42.2x earnings, the shares appear rich relative to current growth, despite positive market sentiment. The key open question is whether mobile pricing, 5G adoption, and broadband expansion can sustain earnings growth against elevated leverage.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for BHARTIHEXA.

14.00 analysts

Price Forecast

Current
₹1,504
High Target
₹2,100
▲ +39.7%
Median Target
₹1,883
▲ +25.2%
Low Target
₹1,450
▼ -3.6%
Now₹1,504High ₹2,100Median ₹1,883Low ₹1,450Aug '25Now12M Target
Price history (1Y)
Analyst target range
14 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,273 - ₹1,81380%
6M₹1,195 - ₹1,97180%
12M₹1,100 - ₹2,23280%
Realized vol: +27.6% · Drift: +8.0%

Revenue Forecast

₹ Cr
Jun '26Current₹2,510.0
Sep 2026 ETrend estimate range
High₹2,679.3Base₹2,480.9Low₹2,282.4
Sep '25: ₹2,317.0 · Dec '25: ₹2,360.0 · Mar '26: ₹2,414.0 · Jun '26: ₹2,510.0 · Sep '26: ₹2,480.9 · Dec '26: ₹2,526.9
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E2,317.02,360.02,414.02,510.02,480.92,526.9
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹9.65
Sep 2026 ETrend estimate range
High₹12.57Base₹11.23Low₹9.88
Sep '25: ₹8.42 · Dec '25: ₹9.47 · Mar '26: ₹8.93 · Jun '26: ₹9.65 · Sep '26: ₹11.23 · Dec '26: ₹12.63
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E8.429.478.939.6511.2312.63
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
68%
Analyst Consensus
Weakening

From 14 analysts

Mean upside+23.0%

Fundamentals

Strong

Fundamentals institutional score is 78 using growth durability 78.5.

Valuation

Attractive relative to peers

Valuation institutional score is 74 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 70 using mean target upside 23.0%; dispersion penalty 14.1; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 61 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 5 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and valuation provide support, while market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Attractive relative to peersAnalyst Consensus PositiveTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price1,849.3 target
Mean Upside+23.0%
Technical Score61%
Fundamental Score79%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 1.1% above historical median. Valuation is stable — currently in the undervalued zone (z-score: +0.11). Confidence: 83%.

Live forward EPS implies next-12-month EPS of ₹63.65. Applying the stock's normalized valuation corridor produces a fair range of ₹2,387.51 to ₹2,997.28, with base value near ₹2,651.02 (+76.3% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹63.65

Forward P/E

23.6x

Base Fair Value

₹2,651.02

Fair Range

₹2,387.51 - ₹2,997.28

Upside To Base

+76.3%

Estimate Source

Live forward EPS

Growth Estimate

+23.2%

P/E
Undervalued

5Y Average

42.25

Current

42.09

Overvalued

47.09

Undervalued

37.51

P/S
Undervalued

5Y Average

7.86

Current

7.83

Overvalued

8.77

Undervalued

7.18

EV/EBITDA
Undervalued

5Y Average

17.54

Current

17.47

Overvalued

19.56

Undervalued

16.02

Peers & Comparison

Sector: Communication Services · Theme: Telecom Services

Telecom Services Peers2 peers
Avg P/E: 28.3x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
TATA COMMUNICATIONS LTD
TATACOMMTelecom Services
+10.5%3.7%
52.6x
Premium
+86% vs avg
+6.9%
VODAFONE IDEA LIMITED
IDEATelecom Services
+3.2%77.1%
4.0x
Undervalued
-86% vs avg
+99.7%
WHY THESE PEERS

BHARTI HEXACOM LIMITED trades at a premium (42.1x vs peer avg 28.3x), implying higher growth or quality expectations from the Telecom Services cohort. Peers include TATA COMMUNICATIONS LTD, VODAFONE IDEA LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹2.51K CrJun 2026

Latest net profit

₹482 CrJun 2026

Latest EPS

₹9.65Jun 2026

Net margin

53.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%15.0%30.0%45.0%60.0%0.00 Cr650 Cr1.30K Cr1.95K Cr2.60K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr650 Cr1.30K Cr1.95K Cr2.60K Cr₹0₹3₹6₹9₹12
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr650 Cr1.30K Cr1.95K Cr2.60K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-6.50K Cr0.00 Cr6.50K Cr13.00K Cr19.50K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +1,6821,7381,8011,8681,9112,0982,2512,2892,2632,3172,3602,4142,510
Expenses +8529139739901,0351,0961,0991,1211,1021,1091,1051,1461,188
Operating Profit8308268288788761,0021,1521,1681,1611,2081,2541,2671,322
OPM %49%48%46%47%46%48%51%51%51%52%53%52%53%
Other Income +80-246624935849-61484861285372
Interest154156169166162175180171154151147149149
Depreciation414432433460496536532531527554567565592
Profit before tax342-8288301577340379513527564569606653
Tax %26%2,322%26%26%11%25%31%9%26%25%17%26%26%
Net Profit +253-184213223511253261468392421474447482
EPS in Rs10.13-7.364.254.4510.225.065.229.377.838.429.478.939.65
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +70.00%70.00%70.00%70.00%70.00%
FIIs +4.33%3.94%3.98%3.69%3.58%
DIIs +9.81%10.24%10.28%10.60%10.64%
Public +15.86%15.83%15.73%15.71%15.77%
Others0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Aug 05, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 05, 2026PDFCompany Reports Open

Quarterly Report

Aug 04, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Aug 04, 2026PDFCompany Reports Open