Balance Sheet Bharti Hexacom Limited

Equities

BHARTIHEXA

INE343G01021

Wireless Telecommunications Services

End-of-day quote NSE India S.E. Other stock markets 2025-06-23			5-day change	1st Jan Change
1,796.00 ^INR	-1.28%		+1.58%	+23.28%

Jun. 06	INDIA STOCKS-Financials, realty boost Indian shares after RBI's steep rate cut	RE
May. 30	Bharti Hexacom Limited Announces Change in Management, Effective from June 01, 2025	CI

8d493d879d09f6c9276d98fb9c44.28JML_GiE2E7osbFgj3kSBbxhtig1_VHWPCm02eTNeo.lqt-GsPjayV20Kfz7lCDHHKE1LLVscQ0MqLHqVPFBqmXjiVJu-xyEW73iw

Published financial data: BHARTI HEXACOM LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	38.74B	46.02B	54.05B	65.79B	70.89B
Other Revenues, Total	296M	1.02B	-	-	-
Total Revenues	39.04B	47.04B	54.05B	65.79B	70.89B
Cost of Goods Sold, Total	31.55B	32.88B	32.68B	32.93B	31.88B
Gross Profit	7.49B	14.17B	21.38B	32.86B	39B
Selling General & Admin Expenses, Total	1.22B	1.41B	1.99B	3.07B	3.69B
Provision for Bad Debts	2M	102M	311M	324M	2M
Depreciation & Amortization - (IS)	12.4B	13.85B	14.41B	15.53B	17.39B
Other Operating Expenses	988M	1.11B	45M	587M	406M
Other Operating Expenses, Total	14.61B	16.48B	16.76B	19.51B	21.49B
Operating Income	-7.12B	-2.31B	4.62B	13.35B	17.51B
Interest Expense, Total	-3.95B	-4.49B	-5.24B	-5.73B	-5.58B
Interest And Investment Income	-	-	-	85M	774M
Net Interest Expenses	-3.95B	-4.49B	-5.24B	-5.64B	-4.8B
Currency Exchange Gains (Loss)	-663M	471M	-10M	-26M	9M
Other Non Operating Income (Expenses)	-641M	-149M	-465M	-636M	-877M
EBT, Excl. Unusual Items	-12.38B	-6.47B	-1.1B	7.05B	11.84B
Gain (Loss) On Sale Of Investments	-	-	-	290M	421M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-1.48B	-237M	-	-	-
Other Unusual Items	-20.49B	-3.18B	19.51B	-	-3.03B
EBT, Incl. Unusual Items	-34.35B	-9.89B	18.41B	7.34B	9.23B
Income Tax Expense	-7.18B	448M	1.66B	1.85B	4.19B
Earnings From Continuing Operations	-27.16B	-10.34B	16.75B	5.49B	5.04B
Net Income to Company	-27.16B	-10.34B	16.75B	5.49B	5.04B
Net Income - (IS)	-27.16B	-10.34B	16.75B	5.49B	5.04B
Net Income to Common Incl Extra Items	-27.16B	-10.34B	16.75B	5.49B	5.04B
Net Income to Common Excl. Extra Items	-27.16B	-10.34B	16.75B	5.49B	5.04B
Per Share Items
Net EPS - Basic	-54.33	-20.68	33.49	10.98	10.09
Basic EPS - Continuing Operations	-54.33	-20.68	33.49	10.98	10.09
Basic Weighted Average Shares Outstanding	500M	500M	500M	500M	500M
Net EPS - Diluted	-54.33	-20.68	33.49	10.98	10.09
Diluted EPS - Continuing Operations	-54.33	-20.68	33.49	10.98	10.09
Diluted Weighted Average Shares Outstanding	500M	500M	500M	500M	500M
Normalized Basic EPS	-15.47	-8.09	-1.38	8.81	14.8
Normalized Diluted EPS	-15.47	-8.09	-1.38	8.81	14.8
Dividend Per Share	-	-	-	1.5	4
Payout Ratio	-	-	-	-	14.87
Supplemental Items
EBITDA	2.97B	11.54B	16.45B	25.58B	31.04B
EBITA	-7.12B	-2.31B	8.11B	16.88B	21.16B
EBIT	-7.12B	-2.31B	4.62B	13.35B	17.51B
EBITDAR	2.97B	11.55B	16.45B	25.58B	31.05B
Total Revenues (As Reported)	39.04B	47.04B	54.94B	67.19B	73.38B
Effective Tax Rate - (Ratio)	20.91	-4.53	9.04	25.16	45.37
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-	-	-27M	-	5.14B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-7.18B	448M	1.69B	1.85B	-946M
Normalized Net Income	-7.73B	-4.05B	-688M	4.4B	7.4B
Interest Capitalized	-	-	-	580M	799M
Interest on Long-Term Debt	1.18B	1.27B	1.4B	2.03B	3.18B
Non-Cash Pension Expense	17M	15M	14M	14M	20M
Supplemental Operating Expense Items
Advertising Expense	41M	102M	46M	50M	42M
Marketing Expenses	286M	361M	316M	434M	392M
Selling and Marketing Expenses	1.22B	1.41B	1.99B	3.07B	3.69B
Net Rental Expense, Total	6M	5M	6M	5M	5M
Imputed Operating Lease Interest Expense	3.81M	2.45M	2.99M	2.76M	2.95M
Imputed Operating Lease Depreciation	2.19M	2.55M	3.01M	2.24M	2.05M
Maintenance & Repair Expenses, Total	2.39B	2.36B	2.2B	1.91B	2.76B

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3.07B	277M	885M	555M	398M
Short Term Investments	21M	24M	40M	19M	-
Trading Asset Securities, Total	6.25B	-	490M	10.46B	2.38B
Total Cash And Short Term Investments	9.34B	301M	1.42B	11.03B	2.77B
Accounts Receivable, Total	2.74B	1.61B	21.25B	1.84B	4.89B
Other Receivables	8.68B	9.1B	7.22B	4.82B	4.14B
Total Receivables	11.41B	10.71B	28.46B	6.67B	9.03B
Inventory	-	-	-	-	-
Prepaid Expenses	765M	856M	848M	728M	662M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	8.88B	8.33B	9.5B	10.55B	11.51B
Total Current Assets	30.4B	20.2B	40.22B	28.98B	23.97B
Gross Property Plant And Equipment	96.51B	110B	117B	141B	154B
Accumulated Depreciation	-49.3B	-55.58B	-61.8B	-69.69B	-69.94B
Net Property Plant And Equipment	47.21B	54.54B	55.36B	71.66B	84.01B
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	52.64B	49.22B	47.61B	59.44B	56.59B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	11.61B	11.17B	9.47B	7.63B	8.58B
Deferred Charges Long-Term	224M	810M	1.2B	1.51B	1.32B
Other Long-Term Assets, Total	12.27B	14.12B	12.87B	13.32B	10.71B
Total Assets	154B	150B	167B	183B	185B
Liabilities
Accounts Payable, Total	18.38B	22.24B	14.95B	14.41B	14.85B
Accrued Expenses, Total	1.73B	2.7B	1.67B	2.78B	2.91B
Short-term Borrowings	39.96B	22.51B	23.9B	31M	3M
Current Portion of Long-Term Debt	1.5B	313M	-	15.36B	20.42B
Current Portion of Leases	4.13B	4.86B	3.4B	3.89B	4.39B
Current Income Taxes Payable	692M	692M	624M	624M	7.78B
Unearned Revenue Current, Total	2.65B	3.58B	4.17B	4.75B	5.14B
Other Current Liabilities	29.14B	17.98B	13.08B	19.57B	20.01B
Total Current Liabilities	98.19B	74.89B	61.79B	61.42B	75.51B
Long-Term Debt	10.45B	36.93B	48.08B	47.3B	27.92B
Long-Term Leases	12.72B	13.12B	15.3B	25.45B	28.31B
Unearned Revenue Non Current	1.86B	5.03B	4.75B	6.03B	6.82B
Pension & Other Post Retirement Benefits	46M	49M	47M	39M	46M
Other Non Current Liabilities	895M	384M	174M	195M	182M
Total Liabilities	124B	130B	130B	140B	139B
Common Stock, Total	2.5B	2.5B	2.5B	2.5B	2.5B
Additional Paid In Capital	-	-	1.04B	1.04B	1.04B
Retained Earnings	-	-	32.19B	37.68B	39.97B
Comprehensive Income and Other	27.7B	17.16B	873M	873M	2.87B
Total Common Equity	30.2B	19.66B	36.6B	42.1B	46.39B
Total Equity	30.2B	19.66B	36.6B	42.1B	46.39B
Total Liabilities And Equity	154B	150B	167B	183B	185B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	500M	500M	500M	500M	500M
ECS Total Common Shares Outstanding	-	500M	500M	500M	500M
Book Value / Share	60.4	39.32	73.21	84.19	92.77
Tangible Book Value	-22.44B	-29.56B	-11.01B	-17.34B	-10.2B
Tangible Book Value Per Share	-44.87	-59.12	-22.01	-34.69	-20.4
Total Debt	68.76B	77.74B	90.68B	92.04B	81.05B
Net Debt	59.42B	77.43B	89.27B	81B	78.27B
Debt Equivalent of Unfunded Proj. Benefit Obligation	76M	79M	68M	68M	75M
Debt Equivalent Oper. Leases	48M	40M	48M	40M	40M
Account Code - Inventory Valuation	-	3	3	3	3
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	-	-	-	-	-
Buildings, Total	156M	156M	156M	156M	156M
Machinery, Total	81.3B	94.39B	99.96B	110B	123B
Full Time Employees	-	-	-	-	424
Accumulated Allowance for Doubtful Accounts (Supple)	1.49B	1.67B	1.58B	1.64B	1.84B

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-	-	16.75B	5.49B	5.04B
Depreciation & Amortization - CF	-	-	10.92B	12B	13.74B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	3.49B	3.53B	3.65B
Depreciation & Amortization, Total	-	-	14.41B	15.53B	17.39B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-19M	-290M	-421M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	397M	18M
Other Operating Activities, Total	-	-	7.43B	7.97B	12.73B
Change In Accounts Receivable	-	-	-19.79B	19.08B	-2.98B
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	-	-	-7.73B	-769M	33M
Change in Other Net Operating Assets	-	-	1.53B	3.67B	3.64B
Cash from Operations	-	-	12.58B	51.08B	35.46B
Capital Expenditure	-	-	-13.49B	-9.45B	-20.58B
Sale of Property, Plant, and Equipment	-	-	149M	57M	106M
Sale (Purchase) of Intangible assets	-	-	-41M	-1.32B	-352M
Investment in Marketable and Equity Securities, Total	-	-	-471M	-9.68B	8.5B
Other Investing Activities, Total	-	-	25M	83M	773M
Cash from Investing	-	-	-13.82B	-20.31B	-11.55B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	65.18B	-	-
Total Debt Issued	-	-	65.18B	-	-
Short Term Debt Repaid, Total	-	-	-1.1B	-28M	-
Long-Term Debt Repaid, Total	-	-	-59.43B	-27.23B	-17.93B
Total Debt Repaid	-	-	-60.53B	-27.26B	-17.93B
Common Dividends Paid	-	-	-	-	-750M
Common & Preferred Stock Dividends Paid	-	-	-	-	-750M
Other Financing Activities, Total	-	-	-2.82B	-3.86B	-5.36B
Cash from Financing	-	-	1.83B	-31.11B	-24.04B
Net Change in Cash	-	-	586M	-339M	-126M
Supplemental Items
Cash Interest Paid	-	-	2.82B	3.86B	5.36B
Cash Income Tax Paid (Refund)	-	-	148M	197M	174M
Levered Free Cash Flow	-	-	-31.13B	38.04B	9.24B
Unlevered Free Cash Flow	-	-	-27.86B	41.62B	12.73B
Change In Net Working Capital	-18.44B	4.23B	31.62B	-28.51B	-5.32B
Net Debt Issued / Repaid	-	-	4.65B	-27.26B	-17.93B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	-3.32	-0.95	1.82	4.78	5.95
Return on Total Capital	-4.75	-1.47	2.57	6.38	8.37
Return On Equity %	-61.83	-41.47	59.31	13.96	11.4
Return on Common Equity	-61.83	-41.47	59.31	13.96	11.4
Margin Analysis
Gross Profit Margin %	19.19	30.12	39.55	49.95	55.02
SG&A Margin	3.12	3	3.69	4.66	5.21
EBITDA Margin %	7.6	24.54	30.43	38.88	43.79
EBITA Margin %	-18.24	-4.91	15	25.66	29.86
EBIT Margin %	-18.24	-4.91	8.54	20.29	24.7
Income From Continuing Operations Margin %	-69.59	-21.98	30.98	8.35	7.12
Net Income Margin %	-69.59	-21.98	30.98	8.35	7.12
Net Avail. For Common Margin %	-69.59	-21.98	30.98	8.35	7.12
Normalized Net Income Margin	-19.81	-8.6	-1.27	6.7	10.44
Levered Free Cash Flow Margin	-	-	-57.6	57.83	13.04
Unlevered Free Cash Flow Margin	-	-	-51.54	63.27	17.95
Asset Turnover
Asset Turnover	0.29	0.31	0.34	0.38	0.39
Fixed Assets Turnover	0.97	0.92	0.98	1.04	0.91
Receivables Turnover (Average Receivables)	18.12	21.19	4.73	5.7	21.07
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	0.31	0.27	0.65	0.47	0.32
Quick Ratio	0.21	0.15	0.48	0.29	0.16
Operating Cash Flow to Current Liabilities	-	-	0.2	0.83	0.47
Days Sales Outstanding (Average Receivables)	20.2	17.22	77.17	64.05	17.37
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	187.66	225.47	207.73	162.71	167.9
Long Term Solvency
Total Debt/Equity	227.67	395.4	247.74	218.64	174.72
Total Debt / Total Capital	69.48	79.81	71.24	68.62	63.6
LT Debt/Equity	76.7	254.55	173.15	172.82	121.22
Long-Term Debt / Total Capital	23.41	51.38	49.79	54.24	44.13
Total Liabilities / Total Assets	80.43	86.9	78.05	76.94	74.95
EBIT / Interest Expense	-1.8	-0.51	0.88	2.33	3.14
EBITDA / Interest Expense	0.75	2.57	3.63	5.04	6.26
(EBITDA - Capex) / Interest Expense	0.75	2.57	1.06	3.39	2.57
Total Debt / EBITDA	23.17	6.73	4.77	3.19	2.32
Net Debt / EBITDA	20.03	6.71	4.69	2.8	2.24
Total Debt / (EBITDA - Capex)	23.17	6.73	16.37	4.74	5.66
Net Debt / (EBITDA - Capex)	20.03	6.71	16.11	4.17	5.47
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.84	20.51	14.9	21.72	7.75
Gross Profit, 1 Yr. Growth %	78.48	89.13	50.88	53.73	18.69
EBITDA, 1 Yr. Growth %	1.21K	289.08	77.72	55.92	21.38
EBITA, 1 Yr. Growth %	20.39	-67.58	283.59	109.26	25.39
EBIT, 1 Yr. Growth %	-27.8	-67.58	-453.06	191.83	31.17
Earnings From Cont. Operations, 1 Yr. Growth %	276.25	-61.94	-261.97	-67.2	-8.16
Net Income, 1 Yr. Growth %	276.25	-61.94	-261.97	-67.2	-8.16
Normalized Net Income, 1 Yr. Growth %	0.9	-47.68	-83.01	-729.85	68.02
Diluted EPS Before Extra, 1 Yr. Growth %	276.25	-61.94	-261.97	-67.2	-8.16
Accounts Receivable, 1 Yr. Growth %	77.66	-41.26	1.22K	-91.33	165.11
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	41.97	15.54	1.55	29.43	17.23
Total Assets, 1 Yr. Growth %	36.1	-2.78	11.14	9.47	1.45
Tangible Book Value, 1 Yr. Growth %	658.96	31.77	-62.51	57.58	-41.2
Common Equity, 1 Yr. Growth %	-47.64	-34.9	84.32	15	10.2
Cash From Operations, 1 Yr. Growth %	-	-	-17.08	306.07	-30.58
Capital Expenditures, 1 Yr. Growth %	-	-	-7.43	-29.95	117.86
Levered Free Cash Flow, 1 Yr. Growth %	-	-	199.14	-222.09	-75.72
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	266.4	-249.28	-69.44
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	166.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-6	14	17.67	18.26	14.52
Gross Profit, 2 Yr. CAGR %	-19.84	83.73	68.93	52.3	35.08
EBITDA, 2 Yr. CAGR %	-38.53	614.7	135.44	66.25	37.57
EBITA, 2 Yr. CAGR %	58.17	-37.53	6.72	182.57	61.98
EBIT, 2 Yr. CAGR %	192.01	-51.62	-19.46	219.49	95.65
Earnings From Cont. Operations, 2 Yr. CAGR %	392.71	19.67	-21.49	-27.12	-45.12
Net Income, 2 Yr. CAGR %	392.71	19.67	-21.49	-27.12	-45.12
Normalized Net Income, 2 Yr. CAGR %	172.46	-27.35	-70.19	4.34	225.31
Diluted EPS Before Extra, 2 Yr. CAGR %	392.71	19.67	-21.49	-27.12	-45.12
Accounts Receivable, 2 Yr. CAGR %	9.86	2.15	178.68	7.09	-52.05
Net Property, Plant and Equip., 2 Yr. CAGR %	32.36	28.07	8.3	14.65	23.18
Total Assets, 2 Yr. CAGR %	22.14	15.03	3.94	10.3	5.38
Tangible Book Value, 2 Yr. CAGR %	244.26	216.24	-29.96	-23.14	-3.74
Common Equity, 2 Yr. CAGR %	-31.78	-41.62	10.09	45.59	12.57
Cash From Operations, 2 Yr. CAGR %	-	-	-	83.49	67.89
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-19.47	23.54
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	91.19	-45.56
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	133.98	-32.46
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-8.71	2.11	14.3	19	15.49
Gross Profit, 3 Yr. CAGR %	-32.04	6.72	72.06	63.7	43.69
EBITDA, 3 Yr. CAGR %	-46.26	13.71	317.49	105.04	50.63
EBITA, 3 Yr. CAGR %	-20.79	-6.75	11.1	33.34	121.67
EBIT, 3 Yr. CAGR %	-13.69	40.34	-22.34	23.31	127.92
Earnings From Cont. Operations, 3 Yr. CAGR %	60.25	109.84	32.37	-41.31	-21.28
Net Income, 3 Yr. CAGR %	60.25	109.84	32.37	-41.31	-21.28
Normalized Net Income, 3 Yr. CAGR %	6.62	57.19	-55.24	-17.11	21.47
Diluted EPS Before Extra, 3 Yr. CAGR %	60.25	109.84	32.37	-41.31	-21.28
Accounts Receivable, 3 Yr. CAGR %	1.1	-10.84	139.85	-12.34	44.87
Net Property, Plant and Equip., 3 Yr. CAGR %	30.91	26.5	18.52	14.93	15.5
Total Assets, 3 Yr. CAGR %	16.85	13.19	13.71	5.75	7.27
Tangible Book Value, 3 Yr. CAGR %	79.27	149.95	55	-8.22	-29.71
Common Equity, 3 Yr. CAGR %	-23.26	-32.84	-14.06	11.71	32.68
Cash From Operations, 3 Yr. CAGR %	-	-	36.69	-	32.71
Capital Expenditures, 3 Yr. CAGR %	-	-	9.94	-	12.21
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	113.18	-	-4.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	136.38	-	18.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-3.65	-1.95	1.05	8.29	14.39
Gross Profit, 5 Yr. CAGR %	-21.29	-11.46	-2.18	23.03	56.18
EBITDA, 5 Yr. CAGR %	-29.58	-11.53	-2.96	26.64	167.65
EBITA, 5 Yr. CAGR %	-11.66	-33.03	-10.76	42.77	29.05
EBIT, 5 Yr. CAGR %	-10.7	-32.22	-16.05	74.09	12.17
Earnings From Cont. Operations, 5 Yr. CAGR %	20.28	0.1	20.46	37.46	-6.92
Net Income, 5 Yr. CAGR %	20.28	0.1	20.46	37.46	-6.92
Normalized Net Income, 5 Yr. CAGR %	-0.17	-16.33	-35.96	33.42	-0.7
Diluted EPS Before Extra, 5 Yr. CAGR %	20.28	0.1	20.46	37.46	-6.92
Accounts Receivable, 5 Yr. CAGR %	15.66	-8.12	51.66	-4.06	25.98
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	19.9	23.04	21.35	21.61	20.37
Total Assets, 5 Yr. CAGR %	13.56	12.1	11.5	12.02	10.3
Tangible Book Value, 5 Yr. CAGR %	-12.08	-6.61	23.1	55.74	28.11
Common Equity, 5 Yr. CAGR %	-10.4	-20.66	-11.34	-8.29	-4.26
Cash From Operations, 5 Yr. CAGR %	-	-	-3.66	38.9	48.41
Capital Expenditures, 5 Yr. CAGR %	-	-	16.74	-7.73	15.19
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	113.35	32.43	23.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	92.28	36.26	43.26