Bharti Hexacom IPO: The good and the bad

About the company

Bharti Hexacom is a subsidiary of Bharti Airtel, offering telecom and broadband services in Rajasthan and the northeast region of India.

IPO details

Post IPO

Financial history

Key ratios

The positives

Enjoys strong brand recognition through Airtel. Bharti Hexacom's revenue market share in the northeast region is ~53%, higher than Jio’s share of 43% as of 9MFY24.

The negatives

Faces strong competition from Reliance Jio, and operates in a highly capital-intensive and regulated industry.

Risk report

Is the company's net debt-to-equity ratio less than one? No. Its net debt-to-equity stood at 2.1 times as of December 31, 2023.

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