BHARTIHEXA vs MTNL: Stock Comparison

BHARTI HEXACOM vs MAHANAGAR TELEPHONE NIGAMUpdated 11 Sept 26, 4:08 PM ISTNSE & company filings

BHARTI HEXACOM is the larger company by market capitalisation. BHARTI HEXACOM shows a higher dividend yield, a higher ROCE and a higher net margin, while MAHANAGAR TELEPHONE NIGAM shows a lower P/E and faster revenue growth. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.

Metric snapshot

BHARTIHEXA leads 5; MTNL leads 6 of 11

Not a rating

Interactive comparison

Compare the numbers that shape the decision

Every row uses its own scale. Switch lenses to compare like with like.

BHARTIHEXAMTNL

Valuation lens

What price are you paying?

Market CapContext only
₹77,550 Cr
₹1,557 Cr
P/E RatioMTNL has the lower reading
42.52x
0x
P/B RatioMTNL has the lower reading
10.82x
-0.05x
EPSBHARTIHEXA has the higher reading
₹9.65
₹-13.37
Book ValueContext only
₹143.3
Dividend YieldBHARTIHEXA has the higher reading
1.16%
0%

✓ marks the usual favourable reading; it is not a recommendation.

Key Differences

Market Cap
BHARTIHEXA is the larger company
₹77,550 Cr vs ₹1,557 Cr
P/E Ratio
MTNL has a lower P/E
0x vs 42.52x
P/B Ratio
MTNL has a lower P/B
-0.05x vs 10.82x
EPS
BHARTIHEXA has higher earnings per share
₹9.65 vs ₹-13.37
Dividend Yield
BHARTIHEXA has a higher dividend yield
1.16% vs 0%
Revenue Growth (TTM YoY)
MTNL has faster revenue growth
87.9% vs 5.4%
EPS Growth (TTM YoY)
MTNL has faster EPS growth
0% vs -4.7%
Qtr Sales Growth
MTNL has stronger quarterly sales growth
8.4% vs -73.17%

Each difference is a single, relative reading — StockeZee does not name an overall winner.

Profile

MetricBHARTIHEXAMTNL
SectorTelecommunicationTelecommunication
IndustryTelecom - Cellular & Fixed line servicesTelecom - Cellular & Fixed line services

Price

MetricBHARTIHEXAMTNL
Live Price₹1,545₹24.74
Day Change0.38%-1.43%
Volume1.4 L5.82 L
52-Week High₹1,955.6₹46.44
52-Week Low₹1,430₹21.26
Distance from 52W High-21%-46.73%

Valuation

MetricBHARTIHEXAMTNL
Market Cap₹77,550 Cr₹1,557 Cr
P/E Ratio42.52x0x
P/B Ratio10.82x-0.05x
EPS₹9.65₹-13.37
Book Value₹143.3
Dividend Yield1.16%0%

Growth

MetricBHARTIHEXAMTNL
Revenue Growth (TTM YoY)5.4%87.9%
EPS Growth (TTM YoY)-4.7%0%
Qtr Sales Growth-73.17%8.4%
Qtr Profit Growth-72.17%-0.15%

Profitability & Leverage

MetricBHARTIHEXAMTNL
ROE24.19%
ROCE21.5%-2.35%
Net Margin19.09%-377.31%
Operating Margin30.65%-15.23%
Debt to Equity0.38x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricBHARTIHEXAMTNL
Promoter Holding70%56.25%
FII Holding3.58% 0.11 pp0.39% 0.12 pp
DII Holding10.64% 0.04 pp13.43%
Public Holding15.78% 0.07 pp29.92% 0.11 pp

How to Read This Comparison

Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.

Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: BHARTI HEXACOM and MAHANAGAR TELEPHONE NIGAM.

Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.