New Risk • Aug 07
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 76% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Annonce • Jul 25
Bharti Hexacom Limited to Report Q1, 2027 Results on Aug 03, 2026 Bharti Hexacom Limited announced that they will report Q1, 2027 results on Aug 03, 2026 Reported Earnings • Jul 19
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹34.66 (up from ₹29.87 in FY 2025). Revenue: ₹93.5b (up 9.4% from FY 2025). Net income: ₹17.3b (up 16% from FY 2025). Profit margin: 19% (up from 18% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. Declared Dividend • Jul 17
Dividend increased to ₹18.00 Dividend of ₹18.00 is 80% higher than last year. Ex-date: 31st July 2026 Payment date: 10th September 2026 Dividend yield will be 1.1%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 112% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 103% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 15
Now 20% overvalued Over the last 90 days, the stock has fallen 6.5% to ₹1,563. The fair value is estimated to be ₹1,301, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Annonce • Apr 22
Bharti Hexacom Limited to Report Q4, 2026 Results on May 13, 2026 Bharti Hexacom Limited announced that they will report Q4, 2026 results on May 13, 2026 Reported Earnings • Feb 09
Third quarter 2026 earnings: EPS exceeds analyst expectations Third quarter 2026 results: EPS: ₹9.47 (up from ₹5.22 in 3Q 2025). Revenue: ₹23.6b (up 4.8% from 3Q 2025). Net income: ₹4.74b (up 82% from 3Q 2025). Profit margin: 20% (up from 12% in 3Q 2025). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Wireless Telecom industry in Asia. Annonce • Jan 20
Bharti Hexacom Limited to Report Q3, 2026 Results on Feb 05, 2026 Bharti Hexacom Limited announced that they will report Q3, 2026 results on Feb 05, 2026 Buy Or Sell Opportunity • Jan 09
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ₹1,759. The fair value is estimated to be ₹1,462, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 104% in the next 2 years. Buy Or Sell Opportunity • Dec 03
Now 20% overvalued Over the last 90 days, the stock has fallen 1.1% to ₹1,756. The fair value is estimated to be ₹1,462, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 104% in the next 2 years. Buy Or Sell Opportunity • Nov 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.8% to ₹1,795. The fair value is estimated to be ₹1,486, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 103% in the next 2 years. Reported Earnings • Nov 09
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: ₹8.42 (up from ₹5.06 in 2Q 2025). Revenue: ₹23.2b (up 11% from 2Q 2025). Net income: ₹4.21b (up 66% from 2Q 2025). Profit margin: 18% (up from 12% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Wireless Telecom industry in Asia. Buy Or Sell Opportunity • Oct 27
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 4.3% to ₹1,871. The fair value is estimated to be ₹1,494, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 115% in the next 2 years. Annonce • Oct 23
Bharti Hexacom Limited to Report Q2, 2026 Results on Oct 31, 2025 Bharti Hexacom Limited announced that they will report Q2, 2026 results on Oct 31, 2025 Buy Or Sell Opportunity • Oct 07
Now 21% overvalued Over the last 90 days, the stock has fallen 1.1% to ₹1,764. The fair value is estimated to be ₹1,456, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 116% in the next 2 years. Buy Or Sell Opportunity • Sep 09
Now 21% overvalued Over the last 90 days, the stock has fallen 2.0% to ₹1,768. The fair value is estimated to be ₹1,455, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 116% in the next 2 years. Buy Or Sell Opportunity • Aug 08
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.2% to ₹1,757. The fair value is estimated to be ₹1,464, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 123% in the next 2 years. Reported Earnings • Jul 27
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹29.87 (up from ₹10.09 in FY 2024). Revenue: ₹85.5b (up 21% from FY 2024). Net income: ₹14.9b (up 196% from FY 2024). Profit margin: 18% (up from 7.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.4%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Wireless Telecom industry in Asia. Annonce • Jul 25
Bharti Hexacom Limited to Report Q1, 2026 Results on Aug 04, 2025 Bharti Hexacom Limited announced that they will report Q1, 2026 results on Aug 04, 2025 Annonce • Jul 15
Bharti Hexacom Limited, Annual General Meeting, Aug 20, 2025 Bharti Hexacom Limited, Annual General Meeting, Aug 20, 2025, at 11:30 Indian Standard Time. Buy Or Sell Opportunity • May 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to ₹1,730. The fair value is estimated to be ₹1,437, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 22%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Price Target Changed • May 15
Price target increased by 9.8% to ₹1,730 Up from ₹1,575, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of ₹1,686. Stock is up 80% over the past year. The company is forecast to post earnings per share of ₹27.31 for next year compared to ₹10.09 last year. Annonce • Apr 18
Bharti Hexacom Limited Announces Executive Changes, Effective April 18, 2025 Bharti Hexacom Limited in its Board of Directors meeting held on April 18, 2025 approved the appointment of Mr. Amit Chaturvedi, (ICSI M. No. F12919), as the Company Secretary and Compliance Officer and also designated as Key Managerial Personnel of the Company with effect from April 18, 2025. Amit Chaturvedi is a fellow member of the Institute of Company Secretaries of India and brings with a decade of comprehensive experience in corporate governance, regulatory compliance and legal. In the past he has been associated with Dabur India Ltd, Tata Power Company Ltd, Hindustan Power Exchange Ltd. and was last associated with BSES Group. He has experience of handling board matters, statutory compliance and stakeholder's management with large corporates. Appointment of Mr. Vinod Bhattar, Circle Head - Commercial, NESA, as a Senior Management Personnel of the Company effective from April 18, 2025 in place of Mr. Deepesh Sirohia who ceased to be a Senior Management Personnel of the Company effective from April 18, 2025. Cessation due to change in internal role, designation and responsibilities. Vinod is an MBA and has a rich experience of 14+ years with strong track record of delivering result with deep commercial expertise. In his first stint, Vinod was part of Commercial team at various roles in NESA till 2016. He had re-joined Bharti group in 2018 and has done multiple roles across circles like KTN, MPCG and Mumbai. Appointment of Mr. Amit Chaturvedi as Senior Management Personnel of the Company with effect from April 18, 2025. Buy Or Sell Opportunity • Mar 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 1.3% to ₹1,474. The fair value is estimated to be ₹1,206, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 104% in the next 2 years. Buy Or Sell Opportunity • Mar 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.4% to ₹1,454. The fair value is estimated to be ₹1,210, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 104% in the next 2 years. Reported Earnings • Feb 08
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: ₹5.22 (up from ₹4.26 in 3Q 2024). Revenue: ₹22.5b (up 25% from 3Q 2024). Net income: ₹2.61b (up 23% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. Annonce • Jan 29
Bharti Hexacom Limited Approves Board Appointments Bharti Hexacom Limited approved appointment of Mr. Rakesh Bharti Mittal as a Non-Executive Director, liable to retire by rotation and appointment of Mr. Kanwaljit Singh Cheema as a Independent Director through Postal Ballot. Annonce • Jan 11
Bharti Hexacom Limited Announces Resignation of Richa Gupta Rohatgi as Company Secretary and Compliance Officer Bharti Hexacom Limited announced that Ms. Richa Gupta Rohatgi, Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company has tendered her resignation from the said position vide her resignation letter dated January 10, 2025. Annonce • Dec 03
TCIL May Offload 5-10% Stake in Bharti Hexacom State-run Telecommunications Consultants India Limited (TCIL) will shortly finalise the minimum pricing and terms of an offer-for-sale (OFS) to divest 5-10% of its residual stake in Bharti Hexacom Limited (NSEI:BHARTIHEXA). The Union government owns 15% via TCIL in Bharti Hexacom, in which Sunil Mittal-led Bharti Airtel holds 70%. "TCIL's OFS will be targeted at both institutional (read: qualified institutional buyers) and public shareholders, and is likely to be concluded in FY25," a senior government official told ET. He added that discussions will start soon to finalise the timing, the stake sale quantum and the minimum price (floor price) in keeping with Sebi rules. Both the Department of Telecommunications (DoT) and the finance ministry will be involved in the exercise. Reported Earnings • Oct 30
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: ₹5.06 (up from ₹3.68 loss in 2Q 2024). Revenue: ₹21.0b (up 21% from 2Q 2024). Net income: ₹2.53b (up ₹4.37b from 2Q 2024). Profit margin: 12% (up from net loss in 2Q 2024). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. Annonce • Oct 15
Bharti Hexacom Limited to Report Q2, 2025 Results on Oct 25, 2024 Bharti Hexacom Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Annonce • Aug 31
Bharti Hexacom Limited Declares Dividend for the Financial Year Ended March 31, 2024 Bharti Hexacom Limited announces Declaration of dividend on equity shares for the financial year ended March 31, 2024 at the rate of INR 4/- (Rupees Four only) per fully paid-up equity share of face value of INR 5/- each. Reported Earnings • Aug 06
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: ₹10.22 (up from ₹5.06 in 1Q 2024). Revenue: ₹19.1b (up 14% from 1Q 2024). Net income: ₹5.11b (up 102% from 1Q 2024). Profit margin: 27% (up from 15% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 100%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. Buy Or Sell Opportunity • Aug 05
Now 20% undervalued Over the last 90 days, the stock has risen 26% to ₹1,115. The fair value is estimated to be ₹1,397, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 46% per annum over the same time period. Annonce • Aug 03
Bharti Hexacom Limited, Annual General Meeting, Aug 30, 2024 Bharti Hexacom Limited, Annual General Meeting, Aug 30, 2024, at 15:30 Indian Standard Time. Annonce • Jul 25
Bharti Hexacom Limited to Report Q1, 2025 Results on Aug 05, 2024 Bharti Hexacom Limited announced that they will report Q1, 2025 results on Aug 05, 2024 Buy Or Sell Opportunity • Jul 01
Now 3.5% overvalued The stock has been flat over the last 90 days, currently trading at ₹1,100. The fair value is estimated to be ₹1,063, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 43% per annum over the same time period. Buy Or Sell Opportunity • Jun 25
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ₹1,162. The fair value is estimated to be ₹966, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 43% per annum over the same time period. Buy Or Sell Opportunity • May 23
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at ₹1,001. The fair value is estimated to be ₹827, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 48% per annum over the same time period. Annonce • May 15
Bharti Hexacom Limited Recommends Final Dividend for the Financial Year 2023-24 Bharti Hexacom Limited announced that at the board meeting held on May 13, 2024 - May 14, 2024, the company recommended a final dividend of INR 4/- per fully paid-up equity share of face value INR 5/- each for the financial year 2023-24. The above final dividend, if declared by the shareholders at the up coming Annual General Meeting ('AGM'), shall be credited within 30 days from the date of AGM. Annonce • May 03
Bharti Hexacom Limited to Report Q4, 2024 Results on May 14, 2024 Bharti Hexacom Limited announced that they will report Q4, 2024 results on May 14, 2024 Board Change • Apr 15
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. Non-Executive Director Deven Khanna is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
