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Bajaj Auto vs TVS Motor Company: share price, P/E, ROE and financials compared

Prices as of 6 Nov 2026. Figures are from company filings and exchange data. This is an educational comparison, not investment advice.

Bajaj Auto

NSE: BAJAJ-AUTO · Automobile and Auto Components

₹10,900.00plus 1.32%

TVS Motor Company

NSE: TVSMOTOR · Automobile and Auto Components

₹4,491.70plus 0.94%

Bajaj Auto and TVS Motor Company at a glance

Bajaj Auto and TVS Motor Company are both listed in Automobile and Auto Components. Bajaj Auto is the larger by market cap, at ₹3.0L Cr against ₹2.1L Cr for TVS Motor Company (1.4 times as large). On valuation, Bajaj Auto has the lower P/E (23.3× against 55.8×) and the lower price-to-book (8.21× against 18.81×). On returns and margins, Bajaj Auto has the higher operating margin (21.0% against 14.5%), while TVS Motor Company has the higher ROCE (28.8% against 26.1%) and the higher ROE (37.2% against 35.6%). Over three years, TVS Motor Company has faster 3-year sales growth (+20.2% against +19.5% a year) and faster 3-year profit growth (+31.4% against +21.0% a year). Bajaj Auto carries less debt for its equity, with a debt-to-equity of 0.70× against 3.21×.

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Key metrics, side by side

Key metrics of Bajaj Auto and TVS Motor Company
MetricBajaj AutoBAJAJ-AUTOTVS Motor CompanyTVSMOTOR
Price (₹)10,900.004,491.70
Market cap (₹ Cr)2,99,5362,13,457
P/E23.3× (the lower figure, shaded)55.8×
P/B8.21× (the lower figure, shaded)18.81×
Dividend yield, trailing1.38% (the higher figure, shaded)0.27%
ROE35.6%37.2% (the higher figure, shaded)
ROCE26.1%28.8% (the higher figure, shaded)
Operating margin (OPM)21.0% (the higher figure, shaded)14.5%
Net margin (NPM)16.0% (the higher figure, shaded)5.8%
Sales CAGR 3Y+19.5%+20.2% (the higher figure, shaded)
Profit CAGR 3Y+21.0%+31.4% (the higher figure, shaded)
Debt to equity0.70× (the lower figure, shaded)3.21×
Interest cover12.9× (the higher figure, shaded)3.2×
Net profit TTM (₹ Cr)13,0733,827
1Y return+22.9%+28.1% (the higher figure, shaded)
Promoter holding55.95%50.27%

Shaded: the company with the more favourable reading (lower P/E, debt or P/B; higher ROE, ROCE, margins, growth or yield) when the gap is meaningful. n/m means not meaningful, for example ROCE for a bank. Loss-making companies’ multiples are shown but not ranked.

Bajaj Auto vs TVS Motor Company: common questions

Which is bigger, Bajaj Auto or TVS Motor Company?

By market cap, Bajaj Auto is bigger at ₹3.0L Cr, against ₹2.1L Cr for TVS Motor Company (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹13,073 Cr for Bajaj Auto and ₹3,827 Cr for TVS Motor Company.

Which has a lower P/E ratio, Bajaj Auto or TVS Motor Company?

Bajaj Auto trades at a P/E of 23.3× and TVS Motor Company at 55.8×. Bajaj Auto has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.

Which has a higher ROE, Bajaj Auto or TVS Motor Company?

Bajaj Auto reports a return on equity of 35.6% and TVS Motor Company 37.2%. TVS Motor Company has the higher ROE. ROE is net profit as a share of shareholders’ equity.

Which is growing faster, Bajaj Auto or TVS Motor Company?

Over the last three years: Sales grew +19.5% a year at Bajaj Auto and +20.2% at TVS Motor Company, so TVS Motor Company grew sales faster; profit grew +21.0% a year at Bajaj Auto and +31.4% at TVS Motor Company, so TVS Motor Company grew profit faster. Past growth doesn’t predict future growth.

Go to the stock pages for Bajaj Auto and TVS Motor Company, or add up to four more companies in the interactive comparison.