BHARTIHEXA vs MTNL: Stock Comparison
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
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✓ marks the usual favourable reading; it is not a recommendation.
Key Differences
Each difference is a single, relative reading — StockeZee does not name an overall winner.
Profile
| Metric | BHARTIHEXA | MTNL |
|---|---|---|
| Sector | Telecommunication | Telecommunication |
| Industry | Telecom - Cellular & Fixed line services | Telecom - Cellular & Fixed line services |
Price
| Metric | BHARTIHEXA | MTNL |
|---|---|---|
| Live Price | ₹1,545 | ₹24.74 |
| Day Change | 0.38% | -1.43% |
| Volume | 1.4 L | 5.82 L |
| 52-Week High | ₹1,955.6 | ₹46.44 |
| 52-Week Low | ₹1,430 | ₹21.26 |
| Distance from 52W High | -21% | -46.73% |
Valuation
| Metric | BHARTIHEXA | MTNL |
|---|---|---|
| Market Cap | ₹77,550 Cr | ₹1,557 Cr |
| P/E Ratio | 42.52x | 0x |
| P/B Ratio | 10.82x | -0.05x |
| EPS | ₹9.65 | ₹-13.37 |
| Book Value | ₹143.3 | — |
| Dividend Yield | 1.16% | 0% |
Growth
| Metric | BHARTIHEXA | MTNL |
|---|---|---|
| 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
| Metric | BHARTIHEXA | MTNL |
|---|---|---|
| ROE | 24.19% | — |
| ROCE | 21.5% | -2.35% |
| Net Margin | 19.09% | -377.31% |
| Operating Margin | 30.65% | -15.23% |
| Debt to Equity | 0.38x | — |
Shareholding
As of Jun 2026 • change vs previous quarter| Metric | BHARTIHEXA | MTNL |
|---|---|---|
| Promoter Holding | 70% | 56.25% |
| FII Holding | 3.58%▼ 0.11 pp | 0.39%▼ 0.12 pp |
| DII Holding | 10.64%▲ 0.04 pp | 13.43% |
| Public Holding | 15.78%▲ 0.07 pp | 29.92%▲ 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.
Related Comparisons
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.

