Subscribe – Long Term to Bharti Hexacom Ltd: Anand Rathi

Anand Rathi, has come out with its report on Bharti Hexacom Ltd. The research firm has recommended to “ Subscribe – Long Term ” the ipo in its research report as on April 03 2024.

Broker Research

April 03, 2024 / 14:36 IST

IPO

26 Aug, 2025 12:21

Volume

Todays L/H

Anand Rathi, IPO report on Bharti Hexacom Ltd

Bharti Hexacom is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the Northeast telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. They offer their services under the brand ‘Airtel’. The company has a distinct strategy to premiums their portfolio by acquiring and retaining quality customers and deliver an experience to them through their omnichannel approach and use of data science. They have a gamut of digital offerings to enhance customer engagement and differentiated customized offerings through family and converged plans under Airtel Black proposition, which has resulted in the continuous improvement of their revenue market share during the last three Fiscals.

Valuation and Outlook

At the upper price band company is valuing at P/E ratio of 52.3x of its FY23 earnings with a market cap of ₹ 2,85,000 million post issue of equity shares and return on net worth of 13.8%. We believe that valuations of the company is fairly priced and recommend “Subscribe – Long Term” rating to the IPO.

For all IPO report, click here