Bharti Hexacom Ltd. benchmarking: Performance to industry peers

Financial

	Bharti Hexacom Ltd.	Tata Communications	Indus Towers
Operational Metrics
Media & Entertainment
Churn Rate	2.0 %	n/a	n/a
Telecom
No Of Mobile Subscribers	2.84 Crs	n/a	n/a
Monthly Data Usage Per User	32.0 GB/User	n/a	n/a
No Of Data Subscribers	2.23 Crs	n/a	n/a
Average Revenue Per User (ARPU)	253.0 Rs	n/a	n/a
Average Revenue Per User (ARPU) - Broadband	483.0 Rs	n/a	n/a
Net Rupee Retention	98.8 %	n/a	n/a
No Of Broadband Subscribers	6.34 Lakh	n/a	n/a
Financials
5 yr Average ROE	18.97 %	295.24 %	23.02 %
5yr average Equity Multiplier	4.46	47.65	2.22
5yr Average Asset Turnover Ratio	0.38	0.86	0.5
5yr Avg Net Profit Margin	8.29 %	7.77 %	22.27 %
Price to Book	10.39	12.88	2.75
P/E	42.93	44.34	15.26
5yr Avg Cash Conversion Cycle	11.8 Days	63.23 Days	68.06 Days
Inventory Days	0.0	1.6 Days	0.02 Days
Days Receivable	11.8 Days	61.32 Days	67.97 Days
Days Payable	0.0	18.53 Days	16.02 Days
5yr Average Interest Coverage Ratio	2.34	4.82	5.81
5yr Avg ROCE	10.84 %	19.56 %	20.92 %
5yr Avg Operating Profit Margin	39.04 %	22.83 %	48.14 %
5 yr average Debt to Equity	1.63	21.8	0.24
5yr CAGR Net Profit	n/a	7.99 %	21.32 %
5yr Average Return on Assets	3.48 %	6.73 %	10.59 %
Shareholdings
Promoter Holding	70.0 %	58.86 %	51.26 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	0.0	-17.74 %
Change in Mutual Fund Holding (3 Yrs)	0.5 %	7.1 %	13.76 %

	Bharti Hexacom Ltd.	Tata Communications	Indus Towers
Product Wise Break-Up	Product Wise Break-Up Mobile Services 95.9 Home & office services 4.1 0 IPL Lease 0 Ethernet 0 Internet connectivity 0 Global Virtual Private Network 0 Telecom Towers 0	Product Wise Break-Up Ethernet 6.64 Unified Communications and Collaboration (UCC) 6.39 Home & office services 0 IPL Lease 9.26 Global Virtual Private Network 9.85 Internet 16.27 Mobile Services 0 Telecom Towers 0 Others 51.59	Product Wise Break-Up Ethernet 0 0 Home & office services 0 IPL Lease 0 Global Virtual Private Network 0 Internet connectivity 0 Mobile Services 0 Telecom Tower 100.0
Location Wise Break-Up	Location Wise Break-Up Domestic 99.85 India 0 Singapore 0 UK 0 South Africa 0 USA 0 Others 0.15	Location Wise Break-Up Singapore 5.09 USA 21.09 UK 8.04 South Africa 0 Domestic 0 India 37.68 Others 28.1	Location Wise Break-Up Singapore 0 USA 0 UK 0 South Africa 0 Domestic 0 Indi 100.0
Operating Profit Break-Up	Operating Profit Break-Up Mobile Services 99.97 Homes and Office Services 0.03 Real Estate 0 Transformation Services 0 Payment Solutions 0 Data Services 0 Voice Solutions 0	Operating Profit Break-Up Homes and Office Services 0 Payment Solutions 0 Real Estate 5.97 Transformation Services 8.92 Voice Solutions 5.47 Data Services 58.88 Mobile Services 0 Others 20.76	-
Capex - Segment Wise	Capex - Segment Wise Mobile Services 64.38 Home & office services 35.62	-	-