Maruti Suzuki India Limited vs Mahindra & Mahindra Limited
An objective side-by-side of MARUTI and M&M, both in Automobiles - Passenger Cars: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: MARUTI Mar 2026 · M&M Jun 2026
At a glance
- Maruti Suzuki India Limited is the larger company by market value, about 1.0 times the size of Mahindra & Mahindra Limited.
- On trailing earnings, Mahindra & Mahindra Limited trades at the lower P/E (18.1 against 26.0).
- Mahindra & Mahindra Limited earns the higher return on equity (21.7% against 13.7%).
- Over three years Maruti Suzuki India Limited has grown profits faster (30% a year against 24%).
- Over the past year the share prices returned -20.4% (MARUTI) and -13.4% (M&M).
| Metric | Maruti Suzuki MARUTI |
Mahindra & Mahindra M&M |
|---|---|---|
| Size and price | ||
| Market cap | ₹382,093 Cr | ₹366,869 Cr |
| Share price | ₹12,153 | ₹3,055 |
| Valuation | ||
| P/E | 26.03 | 18.12 |
| P/B | 3.57 | 3.94 |
| EV/EBITDA | 17.83 | 12.61 |
| PEG | 0.87 | 0.76 |
| Dividend yield | 1.1% | 1.1% |
| Profitability | ||
| ROE | 13.7% | 21.7% |
| ROCE | 19.0% | 15.0% |
| Operating margin | 11.7% | 18.8% |
| Sales (TTM) | ₹183,315 Cr | ₹211,375 Cr |
| Net profit (TTM) | ₹14,679 Cr | ₹20,243 Cr |
| Growth | ||
| Latest quarter sales YoY | +28.2% | +28.1% |
| Latest quarter profit YoY | -6.4% | +37.0% |
| Sales CAGR 3Y | +16.0% | +18.0% |
| Profit CAGR 3Y | +30.0% | +24.0% |
| Sales CAGR 5Y | +21.0% | +22.0% |
| Profit CAGR 5Y | +27.0% | +51.0% |
| Financial strength | ||
| Debt/Equity | 0.00 | 1.44 |
| Interest cover | 45.98 | 3.13 |
| Ownership | ||
| Promoter holding | 58.5% | 18.5% |
| Promoter change (4 qtrs) | +0.25 pp | +0.02 pp |
| Price performance | ||
| Return 1M | -11.99% | -10.79% |
| Return 3M | -9.45% | -0.26% |
| Return 1Y | -20.39% | -13.45% |
| Return YTD | -27.21% | -17.63% |
| Technical condition | ||
| Technical score | 13 | 22 |
| RS rating (1-99) | 26.00 | 41.00 |
| % vs 200-DMA | -14.07% | -7.69% |
| RSI (14) | 26.88 | 31.06 |
| % from 52-week high | -30.03% | -20.43% |
