Bharti Hexacom Ltd - Stock Valuation and Financial Performance

BSE: 544162 | NSE: BHARTIHEXA | Telecommunication - Service Provider | Mid Cap

Bharti Hexacom Ltd. Share Price

1,477 -16.80 -1.12%
as on 26-Dec'24 15:32

DeciZen - make an informed investing decision on Bharti Hexacom Ltd.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Bharti Hexacom stock performance -

mw4me loader
P/E Ratio (SA):
148.08
Market Cap:
74,690 Cr.
52-wk low:
755.2
52-wk high:
1,606.2

Is Bharti Hexacom Ltd an attractive stock to invest in?

1. Is Bharti Hexacom Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bharti Hexacom Ltd is a good quality company.

2. Is Bharti Hexacom Ltd undervalued or overvalued?

The key valuation ratios of Bharti Hexacom Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Bharti Hexacom Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Bharti Hexacom Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Bharti Hexacom Ltd.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bharti Hexacom Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 29.6%22.9%14%-0.5%-10.1%-34.4%-5.3%25.6%12.9%15.7%-
Value Creation
Index
1.61.00.3-1.0-1.9-4.1-1.51.30.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,7005,1895,1264,4083,6143,8744,6025,4056,5797,0897,089
Sales YoY Gr.-10.4%-1.2%-14%-18%7.2%18.8%17.5%21.7%7.8%-
Adj EPS 16.52113.8-2.3-15.9-23.7-16.66.210.613.710.1
YoY Gr.-26.7%-34.2%-116.7%NANANANA72%29.8%-
BVPS (₹) 104.6125.1133.7129.8115.460.439.773.284.292.8104.1
Adj Net
Profit
8271,047689-115-797-1,185-828308529686505
Cash Flow from Ops. 1,2081,5111,516988493-3161,5171,2585,1083,546-
Debt/CF from Ops. 1.30.612.26-16.43.95.71.21.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.7%14.4%15.5%7.8%
Adj EPS -2%NANA29.8%
BVPS-1.3%-4.3%32.7%10.2%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
17.418.210.7-1.7-13-27-33.110.913.415.510.3
Op. Profit
Mgn %
36.44138.117.50.512.322.933.542.347.447
Net Profit
Mgn %
17.620.213.5-2.6-22.1-30.6-185.789.77.1
Debt to
Equity
0.30.20.20.30.51.7321.510.7
Working Cap
Days
3323941979613623027029423616850
Cash Conv.
Cycle
-37-44-54-58-84-114-143-63-42-86-112

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.49%

Sales growth is good in last 4 quarters at 10.52%

Return on Equity has declined versus last 3 years average to 10.30%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 1.04

Latest Financials - Bharti Hexacom Ltd.

Standalone Consolidated
TTM EPS (₹) 10.1 -
TTM Sales (₹ Cr.) 7,089 -
BVPS (₹.) 104.1 -
Reserves (₹ Cr.) 4,953 -
P/BV 14.36 -
PE 148.08 -
From the Market
52 Week Low / High (₹) 755.20 / 1606.20
All Time Low / High (₹) 755.20 / 1606.20
Market Cap (₹ Cr.) 74,690
Equity (₹ Cr.) 250
Face Value (₹) 5
Industry PE 69.5

Management X-Ray of Bharti Hexacom Ltd.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bharti Hexacom Ltd.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales4,7005,1895,1264,4083,6143,8744,6025,4056,5797,089
Operating Expenses 2,9983,0693,1783,6413,5993,3993,5503,5963,7933,728
Manufacturing Costs2,1772,5752,7133,2213,1893,0933,2113,1913,2033,083
Material Costs0000000000
Employee Cost 779490836862767690105
Other Costs 743399375337343245262329501539
Operating Profit 1,7032,1201,948768154751,0521,8092,7863,361
Operating Profit Margin (%) 36.2%40.9%38.0%17.4%0.4%12.3%22.9%33.5%42.3%47.4%
Other Income 38291467145314994140250
Interest 114194135248526564572639645
Depreciation 4605168518691,0091,2501,2851,4411,5531,739
Exceptional Items 0-20-38-8105-2,187-3421,9510-303
Profit Before Tax 1,6131,552980-176-1,123-3,435-9891,841734923
Tax 534523319-64-401-71845167185419
Profit After Tax 1,0791,029660-112-722-2,717-1,0341,675549504
PAT Margin (%) 23.0%19.8%12.9%-2.5%-20.0%-70.1%-22.5%31.0%8.3%7.1%
Adjusted EPS (₹)21.620.613.2-2.2-14.4-54.3-20.733.511.010.1
Dividend Payout Ratio (%)8%19%35%-61%0%0%0%0%14%40%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 5,2296,2556,6836,4895,7683,0201,9863,6614,2104,639
Share Capital 250250250250250250250250250250
Reserves 4,9796,0056,4336,2395,5182,7701,7363,4113,9604,389
Minority Interest0000000000
Debt1,3857811,2792,0392,6535,0415,9447,1984,7332,793
Long Term Debt4807471768801,0453,6934,8084,7302,792
Short Term Debt905341,1041,9512,6533,9962,2512,39130
Trade Payables3536587409811,3801,8382,2241,4951,4411,485
Others Liabilities 2,7207359427561,1454,3753,7333,3737,1078,743
Total Liabilities 9,6878,4289,64510,26510,94614,27313,88715,72717,49017,660

Fixed Assets

Gross Block5,4207,14312,25713,40514,87216,40117,81918,74820,57123,788
Accumulated Depreciation2,8123,2493,9494,7225,6466,5277,5158,5149,39710,173
Net Fixed Assets2,6073,8938,3088,6839,2269,87410,30410,23411,17413,615
CWIP 2551348931116211071641,936445
Investments 000006250491,046238
Inventories0000000000
Trade Receivables1171601851511002281432,096149445
Cash Equivalents 379610631307591218974
Others Assets6,7044,2349661,0131,4273,1293,3103,1643,0962,844
Total Assets 9,6878,4289,64510,26510,94614,27313,88715,72717,49017,660

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1,2081,5111,516988493-3161,5171,2585,1083,546
PBT 1,6131,552980-176-1,123-3,435-9891,841734923
Adjustment 945699901,0101,2053,9152,1412,0312,1962,571
Changes in Working Capital -4610-161156498-774399-2599219870
Tax Paid -453-620-292-2-87-22-34-15-20-17
Cash Flow From Investing Activity -2,673-694-1,644-1,488-1,166-1,076-883-1,383-2,031-1,155
Capex -5,150-697-1,650-1,532-1,167-461-1,453-1,334-939-2,048
Net Investments 2,4690000-619649-47-968851
Others 8364324-78-2-12442
Cash Flow From Financing Activity 1,445-84152885601,864-604183-3,111-2,404
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 599-609-552-2597501,3322,063922-2,440-1,500
Interest Paid -1-124-87-103-216-307-341-282-386-536
Dividend Paid -50-108-232-8200000-75
Others 897087573225840-2,327-456-286-293
Net Cash Flow -19-24-123-212-1144733159-34-13
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)22.7517.9210.2-1.7-11.78-61.83-41.3159.3113.9611.4
ROCE (%)29.5522.914.03-0.5-10.1-34.38-5.2625.6412.8715.72
Asset Turnover Ratio0.590.570.570.440.340.310.330.360.40.4
PAT to CFO Conversion(x)1.121.472.3N/AN/AN/AN/A0.759.37.04
Working Capital Days
Receivable Days8101214131515766215
Inventory Days0000000000
Payable Days0000000000

Bharti Hexacom Ltd Stock News

Bharti Hexacom Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bharti Hexacom Ltd. on 26-Dec-2024 15:32 is ₹1,477.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Dec-2024 15:32 the market cap of Bharti Hexacom Ltd. stood at ₹74,690.
The latest P/E ratio of Bharti Hexacom Ltd. as of 26-Dec-2024 15:32 is 148.1.
The latest P/B ratio of Bharti Hexacom Ltd. as of 26-Dec-2024 15:32 is 14.36.
The 52-week high of Bharti Hexacom Ltd. is ₹1,606.2 and the 52-week low is ₹755.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bharti Hexacom Ltd. is ₹7,089 ( Cr.) .

About Bharti Hexacom Ltd

The company was originally incorporated under the Companies Act, 1956 as ‘Hexacom India Limited’, and was issued a certificate of incorporation on April 20, 1995 and subsequently, a certificate for commencement of business by the Registrar of Companies, NCT of Delhi & Haryana at New Delhi on April 26, 1995. Subsequently, the name of the company changed to ‘Bharti Hexacom Limited’, pursuant to a special resolution passed by its shareholders at its extraordinary general meeting (EGM) held on September 10, 2004 and a fresh certificate of incorporation was issued by the Registrar of Companies, NCT of Delhi & Haryana at New Delhi on December 2, 2004.

Bharti Hexacom is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. It offers its services under the brand ‘Airtel’. It has a distinct strategy to premiumise its portfolio by acquiring and retaining quality customers and deliver an experience to them through its omnichannel approach and use of data science. It has a gamut of digital offerings to enhance customer engagement and differentiated customised offerings through family and converged plans under Airtel Black proposition. It undertakes prudent cost optimisation measures to improve its profitability and maintain an efficient capital structure with a comfortable leverage position. It continuously invests in network expansion, technology advancement and judicious spectrum investments. It also derives significant synergies from its relationship with its Promoter, Airtel, through the expansive digital infrastructure, digital experience and the digital services it provides to its customers.

Business area of the company

The company provides telephony (mobile and landline) and broadband services in Rajasthan and North East telecom circles in India. 

Key awards, accreditations or recognitions

  • 2022: Received a letter of appreciation from the Department of Telecommunications for the efforts and contribution in the joint survey regarding mobile coverage testing conducted by Rajasthan Licensed Service Area, DoT from February 21, 2022 to March 14, 2022 along international borders in Rajasthan. 

Major events and milestones

  • 1995: Incorporation of the company as ‘Hexacom India Limited’ and receipt of certificate for commencement of business from the RoC.
  • 2004: The name of the company was changed to ‘Bharti Hexacom Limited’.
  • 2011: Launch of 3G services in Jaipur, which was the company’s first launch in North India.
  • 2015: Launch of 4G technology in Meghalaya’s capital Shillong, the first in the North East circle.
  • 2016: Launch of Platinum 3G services to customers in Agartala in Tripura, Itanagar in Arunachal Pradesh, Imphal and Churachandpur in Manipur.
  • 2016: Launch of its first 4G service in Ajmer, which marked the rollout of Rajasthan’s first 4G services followed by launch of 4G services in Kota and Jaipur.
  • 2016: Launch of 15th Company-Owned-Company-Operated retail store in Rajasthan.
  • 2016: Launch of 2G and 3G services to mobile services in towns of Lumla, Nafra and Longding in Arunachal Pradesh, which was the first time that customers in these towns gained access to 3G mobile services.
  • 2017: The company entered into an agreement with USOF to provide 4G based mobile services in identified uncovered villages and along national highways under the USOF Scheme in Arunachal Pradesh, Manipur, Mizoram, Tripura and Nagaland.
  • 2017: Received approval from DoT for the transfer of Tikona Digital Networks Private Limited 2300MHz spectrum in Rajasthan.
  • 2019: Coverage of 4G network extended to 297 towns, 35,674 villages and over 20 million customers across Rajasthan.
  • 2019: Transfer of demerged undertakings of Tata Teleservices Limited to Bharti Airtel Limited and the company.
  • 2020: The company entered into an agreement with USOF to provide 4G based mobile services in identified uncovered villages and along national highways in Meghalaya.
  • 2021: The company entered into an agreement with USOF to provide 4G based mobile services in identified uncovered villages under the USOF Scheme in Arunachal Pradesh.
  • 2021: The company entered into an agreement with USOF to provide 4G based mobile services in identified uncovered villages in aspirational districts under the USOF Scheme in Rajasthan.
  • 2021: Launch of Airtel Black.
  • 2023: Launch of 5G services in Jaipur, Udaipur, Kota, Jodhpur, Ajmer, Alwar, Bikaner and Bhilwara in Rajasthan.
  • 2023: Launch of Airtel 5G Plus services in Shillong and Meghalaya.
  • 2023: Airtel customers in Itanagar can now experience fast network and enjoy speeds up to 20-30 times faster than the current 4G speeds.
  • 2023: Launch of 5G services in the North-East, i.e., in Kohima in Nagaland, Itanagar in Arunachal Pradesh, Aizawl in Mizoram, Gangtok in Sikkim, Silchar, Dibrugarh and Tinsukia in Assam.
  • 2023: Activation of Airtel 4G in Anini, Dibang Valley, Arunachal Pradesh.
  • 2023: Crossed 1.7 million unique 5G customers on its network in the North East states of Arunachal Pradesh, Sikkim, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura.
  • 2023: Extends 5G coverage to 50 districts of Rajasthan empowering 2.7 million customers.
  • 2024: Introduction of in-flight roaming plans for customers.
  • 2024: Launch of two next-gen stores in Agartala, Tripura.


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