# Bharti Hexacom share price today (Bharti Hexacom Ltd, NSE: BHARTIHEXA)

> Bharti Hexacom share price today: ₹1,704.70 at the NSE close on 3 November 2026, down 8.4% in a year. Bharti Hexacom (NSE: BHARTIHEXA) is worth ₹85,245 crore, trades at a P/E of 46.2 and has closed between ₹1,379.20 and ₹1,828.00 over the past 52 weeks. > Bharti Hexacom Ltd's earnings have grown faster than its share price. Earnings per share grew +16.0% in a year while the price moved −8.4%. BHARTIHEXA · Telecom Services · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/bharti-hexacom-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹1,704.70 (−8.4% in a year)
- P/E: 46.2× (lower than 72% of the last 2.5 years)
- Revenue (Jun 2026): ₹2,510 Cr (+10.9% on a year ago)
- Profit (Jun 2026): ₹482 Cr (+23.0% on a year ago)
- Operating margin: 53.0% (+2.0 points on a year ago)
- ROCE: 21%, FY26
- ROIC: 17.8%, against a 12.0% cost of capital: +5.8 points

The main question: foreign institutions moved −1.8 percentage points over 8 quarters while the business went the other way. ## What is the Bharti Hexacom share price today? Bharti Hexacom Ltd's share price was ₹1,704.70 at the close on 3 November 2026. It has been falling for 35 weeks. That is 8.5% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,379 and ₹1,828, and at that close it sat 73% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 9 weeks in a row. Over the last 2.6 years the share price moved +110% while the NIFTY 500 moved +7%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Bharti Hexacom this quarter? 1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹2,510 crore, +10.9% on a year earlier. Why: Revenue rose because more mobile customers signed up for postpaid and smartphone data upgrades and used more data. Next results: check whether more mobile customers keep upgrading to postpaid and paying more, even without a full industry price repair. From the earnings call on 5 Aug 2026. 3. Indian funds and insurers (DIIs) raised their stake for 5 quarters in a row From 9.8% to 11% of the company by the September 2026 quarter. ## What are Bharti Hexacom's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Bharti Hexacom reported revenue of ₹2,510 crore, up 10.9% from ₹2,263 crore a year earlier, and a profit of ₹482 crore, up 23.0% from ₹392 crore. ### Bharti Hexacom results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹2,510 crore | ₹2,263 crore | +10.9% |
| Profit | ₹482 crore | ₹392 crore | +23.0% |
| Earnings per share | ₹9.65 | ₹7.83 | +23.2% |
| Operating margin | 53.0% | 51.0% | +2.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Bharti Hexacom's management discussed these results on a call held on 5 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Bharti Hexacom share price history? Bharti Hexacom closed at ₹1,704.70 on 3 November 2026, down 8.4% from ₹1,860.80 a year earlier (31 October 2025). Its highest weekly close since April 2024 was ₹1,960.10 on 27 June 2025. ### Bharti Hexacom share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,637.90 | +4.1% |
| 1 month ago · 1 Oct 2026 | ₹1,379.20 | +23.6% |
| 6 months ago · 30 Apr 2026 | ₹1,517.40 | +12.3% |
| 1 year ago · 31 Oct 2025 | ₹1,860.80 | −8.4% |
| Earliest and lowest weekly close in our records · 12 Apr 2024 | ₹813.30 | +109.6% |
| Highest weekly close since April 2024 · 27 Jun 2025 | ₹1,960.10 | −13.0% |
| 52-week high (weekly close) · 26 Dec 2025 | ₹1,828.00 | −6.7% |
| 52-week low (weekly close) · 1 Oct 2026 | ₹1,379.20 | +23.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (138 weekly closes from 12 April 2024 to 3 November 2026.)

## What is the latest news on Bharti Hexacom? 3 Nov 2026: Bharti Hexacom closed at ₹1,704.70, up 4.1% on the week and up 23.6% on the month. 5 Aug 2026: Bharti Hexacom held its results call for April to June 2026. Management guided: Airtel Money London listing planned for H2 2026. ### Earlier

- 31 Jul 2026: ex-date for a dividend of ₹18 a share. - Results for April to June 2026: Revenue up 10.9% and profit up 23.0% on a year earlier. ## What dividend does Bharti Hexacom pay? Bharti Hexacom paid ₹18 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.06% at the ₹1,704.70 close on 3 November 2026. The last was a dividend of ₹18 a share, ex-date 31 July 2026. ### Bharti Hexacom dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 31 Jul 2026 | ₹18 | Dividend |
| 25 Jul 2025 | ₹10 | Dividend |
| 16 Aug 2024 | ₹4 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 2 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Bharti Hexacom Ltd paid out 81% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 8 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Bharti Hexacom management say on the latest results call? On the call for April to June 2026, held on 5 August 2026, Bharti Hexacom's management guided: Airtel Money London listing planned for H2 2026. > “For a variety of reasons, we have decided to pivot to fiber and ensure that fixed wireless access is used only where fiber is not accessible.”
> Gopal Vittal, on the call for April to June 2026

### What management guided

- Data-center capacity ambition of 1 gigawatt over the next few years. - Airtel Business margins may trend slightly downward as digital mix rises, with faster revenue growth prioritized. - Mobile ARPU growth of 4-5%, perhaps slightly higher, over 5-7 years once pricing architecture is repaired. - Bharti Hexacom homes momentum expected to return toward prior rates from Q2 and the following quarter after acquisition-quality correction. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/57840/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 5 August 2026.)

## What to watch in Bharti Hexacom's next results? When Bharti Hexacom reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: BHX homes net-add recovery after acquisition-quality reset - check whether fiber-led growth and lower FWA churn restore momentum. - What to check (from the call)
- BHX homes net-add recovery after acquisition-quality reset - check whether fiber-led growth and lower FWA churn restore momentum. - Mobile ARPU and postpaid upgrading - check whether organic premiumization persists without industry-wide pricing repair. - Airtel Business digital conversion - check whether recent connectivity and cloud wins support growth as mix shifts. - BHX energy costs and depreciation - check whether solar gains persist while IPTV rollout adds asset charges. ## Which stock lists is Bharti Hexacom on? Bharti Hexacom is on 2 of our India lists: Momentum stocks and Small & mid cap stocks. - [Momentum stocks Market cap cr: 84035](https://www.sectoralpha.in/momentum-stocks-india)
- [Small & mid cap stocks Size rank in India: 132](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Bharti Hexacom profitable? Bharti Hexacom Ltd earned ₹482 Cr of net profit in the Jun 2026 quarter, +23.0% on the same quarter a year earlier. Full-year FY26 profit was ₹1,733 Cr. That is 19.2% of the quarter's revenue. The same quarter a year earlier earned ₹392 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹1,733 Cr (+16.0% on the year before). Why profit moved: revenue changed +10.9% on a year earlier and the margin moved +2.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +41.6% and revenue +7.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Bharti Hexacom make, and is it growing? Bharti Hexacom Ltd reported ₹2,510 Cr of revenue in the Jun 2026 quarter, +10.9% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 7 years it has grown 14.6% a year on average. The last full year, FY26, came in at ₹9,354 Cr. The last four reported quarters add to ₹9,601 Cr. FY26 revenue was ₹9,354 Cr, +9.4% on the year before. Recent pace: the last four quarters grew +7.9% on average, against 14.6% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +7.9%, against +14.5% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +32.8%, against +54.6% a year (rolling over). ## How much of every ₹100 of sales does Bharti Hexacom keep? Bharti Hexacom Ltd's operating margin was 53.0% in the Jun 2026 quarter, 2.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 8 years it has been between −2.5% and 52.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +1.4 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Bharti Hexacom's profit turning into cash? Over the last 3 years, 338% of Bharti Hexacom Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹4,464 Cr of operating cash against ₹1,733 Cr of profit. After ₹1,697 Cr of spending on assets, ₹2,767 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 338% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Bharti Hexacom's cash go? Bharti Hexacom Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 4 days in FY26, down from 11 days in FY21. It spent ₹7,450 Cr on assets over the last 3 years. At FY26 sales of ₹9,354 Cr, each day of that cycle ties up about ₹25.6 Cr, so roughly ₹103 Cr is tied up in the business at any time. Spending on assets: ₹7,450 Cr over the last 3 years, against ₹6,046 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹476 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Bharti Hexacom's P/E ratio, and how does it compare with its own history? Bharti Hexacom Ltd's P/E is 46.2×, near the low end of its own history: it has been lower only 28% of the time. Its usual P/E (the middle reading) is 63.2×, over 2.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹36.47. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +16.0% while the price moved −8.4%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Bharti Hexacom business getting better or worse? Bharti Hexacom Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE rising at 23.1%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Bharti Hexacom earn on its capital? Bharti Hexacom Ltd earned a ROCE of 21% in FY26. That is up from a low of −9% in FY20. Its return on capital used (ROIC) is 5.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 18.5% net margin and 0.49× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 18.5% net margin × 0.49× asset turnover × 2.66× leverage (assets divided by equity) ≈ 24.1% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 17.8% − 12.0% = +5.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 17.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 16.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Bharti Hexacom have too much debt? Bharti Hexacom Ltd has total debt of ₹6,137 Cr against shareholder equity of ₹7,165 Cr as of Jun 2026, so its debt is 0.86× its equity. Year by year, that ratio went from 2.48 in FY22 to 0.86 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Bharti Hexacom shareholding pattern? Domestic institutions raised their stake in Bharti Hexacom Ltd by 2.1 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 11.0% of the company. Foreign institutions moved −1.8 points over the same period, to 3.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +2.1 points over 8 quarters, to 11.0%; Foreign institutions: −1.8 points over 8 quarters, to 3.3%; Promoters: +0.0 points over 8 quarters, to 70.0%. Why the owners changed: foreign institutions moved −1.8 points and domestic institutions +2.1 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Bharti Hexacom from balance-sheet trouble? For Bharti Hexacom Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Bharti Hexacom rank in its industry? 69.6 out of 100, rank 2 of 16 in Telecom Services, with 74% of the evidence available. Bharti Hexacom Ltd scores 69.6 out of 100 against the 16 companies it is compared with in Telecom Services, ranking 2. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 24.3 + 21.2 + 12.1 + 12 = 69.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Bharti Hexacom compared with? Bharti Hexacom ranks 2 of 16 Telecom Services companies on the 4-Factor Sector Score, with 69.6 out of 100. 1. [Bharti Airtel Ltd](https://www.sectoralpha.in/stocks/bharti-airtel-ltd) BHARTIARTL · turning · Most evidence points up · 89% evidence 75.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Revenue 19.6% · Profit -9.4% · Operating margin change 1 points · 88% evidence Capital efficiency 21.4/25 · ROCE 17.6% · Operating margin 57% · 100% evidence Valuation 15.1/20 · P/E 39.4× · PEG 0.69 · 65% evidence Relative strength 18.0/20 · Lead over its industry 8.8% · Lead over NIFTY 500 7.5% · 1 year -3.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 20.6 + 21.4 + 15.1 + 18 = 75.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. Bharti Hexacom Ltd this page BHARTIHEXA · breaking out · Most evidence points up · 74% evidence 69.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 7.9% · Profit 32.8% · Operating margin change 2 points · 88% evidence Capital efficiency 21.2/25 · ROCE 21.4% · Operating margin 53% · 100% evidence Valuation 12.1/20 · P/E 44.3× · PEG 1.18 · 65% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 7.5% · 1 year -12.1% · 25% evidence · 5 of 12 weeks ahead Exact sum: 24.3 + 21.2 + 12.1 + 12 = 69.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [HFCL Ltd](https://www.sectoralpha.in/stocks/hfcl-ltd) HFCL · leader · Most evidence points up · 75% evidence 69.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.0/35 · Revenue 100% · Profit 100% · Operating margin change 7 points · 95% evidence Capital efficiency 12.8/25 · ROCE 10.8% · Operating margin 25% · 76% evidence Valuation 9.8/20 · P/E 40.8× · PEG n/a · 15% evidence Relative strength 16.9/20 · Lead over its industry 78% · Lead over NIFTY 500 70.2% · 1 year 214.7% · 100% evidence · 10 of 12 weeks ahead Exact sum: 30 + 12.8 + 9.8 + 16.9 = 69.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [ADC India Communications Ltd](https://www.sectoralpha.in/stocks/adc-india-communications-ltd) KRONECOMM · breaking out · Evidence leans up · 78% evidence 58.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 19% · Profit 0.3% · Operating margin change 4 points · 83% evidence Capital efficiency 18.1/25 · ROCE 31.4% · Operating margin 17.1% · 76% evidence Valuation 6.4/20 · P/E 44.7× · PEG n/a · 50% evidence Relative strength 17.4/20 · Lead over its industry 28.7% · Lead over NIFTY 500 24.8% · 1 year 41.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 16.9 + 18.1 + 6.4 + 17.4 = 58.8 · What this means: Relative strength against the index is 24.8%, and revenue and profit growth are weak. 5. [Indus Towers Ltd](https://www.sectoralpha.in/stocks/indus-towers-ltd) INDUSTOWER · turning · Evidence leans up · 100% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.6/35 · Revenue 5.3% · Profit -24% · Operating margin change -2 points · 100% evidence Capital efficiency 20.1/25 · ROCE 19.5% · Operating margin 54% · 100% evidence Valuation 16.8/20 · P/E 14× · PEG 0.46 · 100% evidence Relative strength 10.6/20 · Lead over its industry -2.5% · Lead over NIFTY 500 -3.5% · 1 year 4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 8.6 + 20.1 + 16.8 + 10.6 = 56.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 6. [Tata Communications Ltd](https://www.sectoralpha.in/stocks/tata-communications-ltd) TATACOMM · turning · Evidence leans up · 93% evidence 55.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 9.1% · Profit -34% · Operating margin change 2 points · 100% evidence Capital efficiency 17.0/25 · ROCE 14.6% · Operating margin 21% · 100% evidence Valuation 7.9/20 · P/E 39.4× · PEG 2.22 · 65% evidence Relative strength 15.1/20 · Lead over its industry 4.3% · Lead over NIFTY 500 2.4% · 1 year -10.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.9 + 17 + 7.9 + 15.1 = 55.9 · What this means: Relative strength against the index is 2.4%, and revenue and profit growth are weak. 7. [Tata Teleservices (Maharashtra) Ltd](https://www.sectoralpha.in/stocks/tata-teleservices-maharashtraltd) TTML · basing · Evidence leans up · 74% evidence 50.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue -0.7% · Profit 100% · Operating margin change 4 points · 74% evidence Capital efficiency 17.9/25 · ROCE 55.6% · Operating margin 53% · 100% evidence Valuation 8.7/20 · P/E 178.6× · PEG n/a · 15% evidence Relative strength 6.9/20 · Lead over its industry -13.6% · Lead over NIFTY 500 -14.6% · 1 year -37.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17 + 17.9 + 8.7 + 6.9 = 50.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Suyog Telematics Ltd](https://www.sectoralpha.in/stocks/suyog-telematics-ltd) SUYOG · quiet · Evidence leans down · 78% evidence 48.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.0/35 · Revenue 11.4% · Profit 50% · Operating margin change -1 points · 83% evidence Capital efficiency 16.2/25 · ROCE 14.4% · Operating margin 60% · 76% evidence Valuation 12.6/20 · P/E 8.7× · PEG n/a · 50% evidence Relative strength 0.0/20 · Lead over its industry -33.1% · Lead over NIFTY 500 -34.4% · 1 year -42.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20 + 16.2 + 12.6 + 0 = 48.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Vodafone Idea Ltd](https://www.sectoralpha.in/stocks/vodafone-idea-ltd) IDEA · quiet · Evidence leans down · 71% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.5/35 · Revenue 3.3% · Profit 100% · Operating margin change 1 points · 65% evidence Capital efficiency 6.1/25 · ROCE -1.7% · Operating margin 43% · 100% evidence Valuation 11.3/20 · P/E 3.5× · PEG n/a · 15% evidence Relative strength 11.3/20 · Lead over its industry 5.8% · Lead over NIFTY 500 3.3% · 1 year 35.5% · 100% evidence · 2 of 12 weeks ahead Exact sum: 18.5 + 6.1 + 11.3 + 11.3 = 47.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [NELCO Ltd](https://www.sectoralpha.in/stocks/nelco-ltd) NELCO · quiet · Evidence leans down · 68% evidence 39.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.5/35 · Revenue 6.2% · Profit -7.5% · Operating margin change 1.5 points · 100% evidence Capital efficiency 8.7/25 · ROCE 7.2% · Operating margin 11.6% · 100% evidence Valuation 8.5/20 · P/E 254× · PEG n/a · 15% evidence Relative strength 9.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -8% · 1 year -22.5% · 25% evidence · 7 of 12 weeks ahead Exact sum: 13.5 + 8.7 + 8.5 + 9.1 = 39.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [GTL Infrastructure Ltd](https://www.sectoralpha.in/stocks/gtl-infrastructure-ltd) GTLINFRA · basing · Too little evidence to rank firmly · 56% evidence 39.3 out of 100 Growth Capital Valuation Relative
12. [ITI Ltd](https://www.sectoralpha.in/stocks/iti-ltd) ITI · quiet · Most evidence points down · 71% evidence 34.2 out of 100 Growth Capital Valuation Relative
13. [Tejas Networks Ltd](https://www.sectoralpha.in/stocks/tejas-networks-ltd) TEJASNET · basing · Most evidence points down · 71% evidence 28.6 out of 100 Growth Capital Valuation Relative
14. [OnMobile Global Ltd](https://www.sectoralpha.in/stocks/onmobile-global-ltd) ONMOBILE · basing · Most evidence points down · 65% evidence 25.3 out of 100 Growth Capital Valuation Relative
15. [Sar Televenture Ltd](https://www.sectoralpha.in/stocks/sar-televenture-ltd) SARTELE · Too little evidence to rank firmly · 39% evidence 58.7 out of 100 Growth Capital Valuation Relative
16. [Mahanagar Telephone Nigam Ltd](https://www.sectoralpha.in/stocks/mahanagar-telephone-nigam-ltd) MTNL · basing · Too little evidence to rank firmly · 46% evidence 37.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Telecom Services](https://www.sectoralpha.in/sectors/telecom-services), all 16 compared on one page. ## Which companies are close to Bharti Hexacom in size? Bharti Hexacom is the 4th largest of 16 Telecom Services companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Bharti Airtel, Vodafone Idea and Indus Towers. Just below it: Tata Communications, HFCL and ITI. ### Telecom Services companies close in size

1. [Bharti Airtel Ltd](https://www.sectoralpha.in/stocks/bharti-airtel-ltd) ₹12,31,907 crore
2. [Vodafone Idea Ltd](https://www.sectoralpha.in/stocks/vodafone-idea-ltd) ₹1,28,170 crore
3. [Indus Towers Ltd](https://www.sectoralpha.in/stocks/indus-towers-ltd) ₹99,802 crore
4. Bharti Hexacom Ltd ₹81,810 crore
5. [Tata Communications Ltd](https://www.sectoralpha.in/stocks/tata-communications-ltd) ₹47,763 crore
6. [HFCL Ltd](https://www.sectoralpha.in/stocks/hfcl-ltd) ₹35,401 crore
7. [ITI Ltd](https://www.sectoralpha.in/stocks/iti-ltd) ₹20,799 crore

[All 16 Telecom Services companies, largest first](https://www.sectoralpha.in/sectors/telecom-services#all-companies)

### Companies close in size in other industries

1. [Max Healthcare Institute Ltd](https://www.sectoralpha.in/stocks/max-healthcare-institute-ltd) ₹83,705 crore · Hospitals
2. [Shree Cement Ltd](https://www.sectoralpha.in/stocks/shree-cement-ltd) ₹82,968 crore · Cement
3. Bharti Hexacom Ltd ₹81,810 crore
4. [Multi Commodity Exchange of India Ltd](https://www.sectoralpha.in/stocks/multi-commodity-exchange-of-india-ltd) ₹81,312 crore · Exchanges
5. [ICICI Lombard General Insurance Company Ltd](https://www.sectoralpha.in/stocks/icici-lombard-general-insurance-company-ltd) ₹78,998 crore · Finance - Non Life Insurance

## What else do people ask about Bharti Hexacom? ### What is Bharti Hexacom's share price today? Bharti Hexacom Ltd's share price is ₹1,704.70, −8.4% over the past year. The whole company is worth ₹85,245 Cr on the market. In the last 52 weeks it traded between ₹1,379 to ₹1,828; today it is 73% of the way up from the low, 8.5% above its 200-day average (as of 3 November 2026). ### What were Bharti Hexacom's latest quarterly results? Bharti Hexacom Ltd reported revenue of ₹2,510 Cr and net profit of ₹482 Cr for the Jun 2026 quarter. Revenue rose 10.9% and profit rose 23.0% compared with a year earlier. Earnings per share were ₹9.65. The operating margin was 53.0%, 2.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Bharti Hexacom's market cap? Bharti Hexacom Ltd's market capitalisation is ₹85,245 Cr at a share price of ₹1,704.70. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Bharti Hexacom performing? Bharti Hexacom Ltd's share price has been falling for 35 weeks. In its latest quarter, revenue rose 10.9% and profit rose 23.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 9 weeks running (as of 3 November 2026). ### Will Bharti Hexacom's share price go up? This page does not forecast Bharti Hexacom Ltd's share price. What it shows instead: the share price is ₹1,704.70, and it has been falling for 35 weeks. Its P/E of 46.2× is higher than 28% of its own last 3 years (as of 3 November 2026). ### Who owns Bharti Hexacom? Promoters own 70.0% of Bharti Hexacom Ltd, foreign institutions 3.3%, domestic institutions 11.0% and the public 15.7% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 2.1 percentage points over 8 quarters (as of 3 November 2026). ### Where is Bharti Hexacom in its business cycle? Bharti Hexacom Ltd's FY26 operating margin was 52.0%, against a 8-year range of −2.5% to 52.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 53.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Bharti Hexacom story? The main question: foreign institutions moved −1.8 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Bharti Hexacom a stock worth studying right now? What the numbers show: Bharti Hexacom Ltd's earnings have grown faster than its share price. Earnings per share grew +16.0% in a year while the price moved −8.4%. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Bharti Hexacom share price forecast for 2026? What management itself guided: Airtel Money London listing planned for H2 2026. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

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