āagman

Not investment advice. Data and computed figures, for information only.

Bharti Hexacom Ltd

NSE: BHARTIHEXA
₹1,650.50
+₹80.20 (+5.11%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹76,595 Cr
CMP
₹1,650.50
52-wk High / Low
₹1,956 / 1,359
P/E
41.4
P/B
10.7
Book Value
₹143.0
Div Yield
1.18%
ROCE
21.0%
ROE
26.0%
Face Value
₹5
D/E
0.86

Price−5.8% over 1Y

āagman read

Computed by āagman
Derived from 8 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
8
/ 9
8 of 9 F-score tests passed
Graham Number
₹334
√(22.5 × EPS × book value per share)
ROIC
15.4%
vs 4.9% sector median
Cash flow to profit
2.58
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+137
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
13.3%
ROE × earnings retention ratio
ROE stability
12.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.11DII +0.04
Latest quarter vs the previous one
Cash-accrual divergence
−14.3%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.1x)
+Piotroski F-Score of 8/9 is in the strong band (≥7)
+PE of 41.4x is below the sector median of 42.5x
Watch-outs

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Standalone basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,6821,7381,8011,8681,9112,0982,2512,2892,2632,3172,3602,4142,510
Expenses8529139739901,0351,0961,0991,1211,1021,1091,1051,1461,188
Operating Profit8308268288788761,0021,1521,1681,1611,2081,2541,2671,322
OPM %49.3%47.5%46.0%47.0%45.8%47.8%51.2%51.0%51.3%52.1%53.1%52.5%52.7%
Other Income80−246624935849−61484861285372
Interest154156169166162175180171154151147149149
Depreciation414432433460496536532531527554567565592
Profit before tax342−8288301577340379513527564569606653
Net Profit253−184213223511253261468392421474447482
EPS (₹)10.13−7.364.254.4510.225.065.229.377.838.429.478.939.65

Profit & Loss

As of 30 Jun 2026
Standalone · ₹ Cr · 8 years + TTM
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,6143,8744,6025,4056,5797,0898,5489,3549,601
Expenses3,7023,3763,5503,5913,7933,7284,3514,4634,549
Operating Profit−894991,0521,8142,7863,3614,1974,8905,052
OPM %−2.5%12.9%22.9%33.6%42.3%47.4%49.1%52.3%52.6%
Other Income222−2,158−2402,040140−54394190215
Interest248526517572639644688601596
Depreciation1,0091,2501,2851,4411,5531,7392,0942,2132,278
Profit before tax−1,123−3,435−9891,8417349231,8092,2662,392
Net Profit−722−2,716−1,0341,6755495041,4941,7331,824
EPS (₹)−28.88−108.66−41.3666.9821.9710.0929.8734.6636.47

Balance Sheet

As of 30 Jun 2026
Standalone · ₹ Cr
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital250250250250250250250250—
Reserves5,5182,7701,7363,4103,9604,3895,6826,915—
Borrowings2,9415,1917,7749,0689,2048,1057,3536,137—
Other Liabilities2,6327,2245,2443,9454,8405,7745,9665,748—
Total Liabilities11,34115,43515,00416,67418,25318,51719,25119,051—
Fixed Assets9,2269,87410,30410,23411,17413,61514,73314,038—
CWIP16211071641,936444297476—
Investments06250491,04623874631—
Other Assets1,9524,8254,6296,3284,0974,2204,1473,905—
Total Assets11,34115,43515,00416,67418,25318,51719,25119,051—

Cash Flows

As of 31 Mar 2026
Standalone · ₹ Cr
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity493−3161,5171,2585,1083,5464,5834,464
Cash from Investing Activity−1,166−1,076−882−1,382−2,031−1,155−2,341−2,010
Cash from Financing Activity5601,864−604183−3,111−2,404−2,265−2,438
Net Cash Flow−1144733059−34−13−2316

Ratios

As of 31 Mar 2026
8 periods
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—−9.0−1.04.010.014.017.021.0
ROE %———————26.0
EPS (₹)−28.88−108.66−41.3666.9821.9710.0929.8734.66
Book Value (₹)———————143.0
Face Value (₹)———————5
P/E———————41.4
Div Yield %———————1.18
NPM %−18.8−158.3−23.722.58.27.216.718.2
OPM %−2.513.023.034.042.047.049.052.0
D/E0.511.723.912.482.191.751.240.86
P/B———————10.7

Growth

As of 11 Oct 2026
Compounded sales growth
5 years+15.0%
3 years+12.0%
TTM+8.0%
Compounded profit growth
5 years+35.0%
3 years+46.0%
TTM+29.0%
Stock price CAGR
Last year−13.0%
Return on equity
5 years17.0%
3 years22.0%
Last year26.0%

Shareholding pattern

As of 31 Dec 2024
Jun 2024Sep 2024Dec 2024
Promoters70.00%70.00%70.00%
FIIs4.33%3.69%3.58%
DIIs9.97%10.60%10.64%
Government———
Public15.71%15.71%15.77%
No. of shareholders85,48089,24689,330
Change since Jun 2024 (pp)
Promoters +0.00FIIs −0.75DIIs +0.67Public +0.06

Documents

As of 11 Oct 2026
Announcements
Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptMay 2026TranscriptFeb 2026TranscriptFeb 2026RecordingNov 2025TranscriptAug 2025Transcript

Corporate actions

As of 31 Jul 2026
31 Jul 2026DIVIDENDDividend - Rs 18 Per Share—
25 Jul 2025DIVIDENDDividend - Rs 10 Per Share—
16 Aug 2024DIVIDENDDividend - Rs 4 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman