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 2026-11-05 close
Latest results: MARUTI Sep 2026 · M&M Sep 2026
At a glance
- Maruti Suzuki India Limited is the larger company by market value, about 1.1 times the size of Mahindra & Mahindra Limited.
- On trailing earnings, Mahindra & Mahindra Limited trades at the lower P/E (17.5 against 29.6).
- Mahindra & Mahindra Limited earns the higher return on equity (21.9% against 12.3%).
- Over three years Maruti Suzuki India Limited has grown profits faster (30% a year against 24%).
- Over the past year the share prices returned -21.9% (MARUTI) and -10.7% (M&M).
| Metric | Maruti Suzuki MARUTI |
Mahindra & Mahindra M&M |
|---|---|---|
| Size and price | ||
| Market cap | ₹397,782 Cr | ₹375,538 Cr |
| Share price | ₹12,652.00 | ₹3,127.50 |
| Valuation | ||
| P/E | 29.57 | 17.51 |
| P/B | 3.65 | 3.84 |
| EV/EBITDA | 19.12 | 12.91 |
| PEG | 0.99 | 0.73 |
| Dividend yield | 1.1% | 1.0% |
| Profitability | ||
| ROE | 12.3% | 21.9% |
| ROCE | 19.0% | 15.0% |
| Operating margin | 10.0% | 18.4% |
| Sales (TTM) | ₹208,191 Cr | ₹222,822 Cr |
| Net profit (TTM) | ₹13,451 Cr | ₹21,446 Cr |
| Growth | ||
| Latest quarter sales YoY | +26.0% | +24.8% |
| Latest quarter profit YoY | -26.4% | +30.4% |
| 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 | 1.57 |
| Interest cover | 45.98 | 3.13 |
| Ownership | ||
| Promoter holding | 58.7% | 18.5% |
| Promoter change (4 qtrs) | +0.44 pp | — |
| Price performance | ||
| Return 1M | +8.83% | +9.54% |
| Return 3M | -10.84% | -9.49% |
| Return 1Y | -21.93% | -10.70% |
| Return YTD | -24.23% | -15.68% |
| Technical condition | ||
| Technical score | 67 | 67 |
| RS rating (1-99) | 36.00 | 46.00 |
| % vs 200-DMA | -5.51% | -1.93% |
| RSI (14) | 69.92 | 68.34 |
| % from 52-week high | -27.16% | -18.55% |
