Mahindra & Mahindra vs Eicher Motors: share price, P/E, ROE and financials compared
Mahindra & Mahindra
Eicher Motors
Mahindra & Mahindra and Eicher Motors at a glance
Mahindra & Mahindra and Eicher Motors are both listed in Automobile and Auto Components. Mahindra & Mahindra is the larger by market cap, at ₹3.9L Cr against ₹2.1L Cr for Eicher Motors (1.9 times as large). On valuation, Mahindra & Mahindra has the lower P/E (19.0× against 36.5×) and the lower price-to-book (3.75× against 8.38×). On returns and margins, Eicher Motors has the higher ROCE (26.4% against 17.1%), the higher ROE (23.8% against 20.1%) and the higher operating margin (25.2% against 18.2%). Over three years, Eicher Motors has faster 3-year profit growth (+23.7% against +18.5% a year). Eicher Motors carries less debt for its equity, with a debt-to-equity of 0.02× against 1.25×.
Key metrics, side by side
| Metric | Mahindra & MahindraM&M | Eicher MotorsEICHERMOT |
|---|---|---|
| Price (₹) | 3,287.20 | 7,669.50 |
| Market cap (₹ Cr) | 3,94,715 | 2,10,544 |
| P/E | 19.0× (the lower figure, shaded) | 36.5× |
| P/B | 3.75× (the lower figure, shaded) | 8.38× |
| Dividend yield, trailing | 1.00% | 1.07% |
| ROE | 20.1% | 23.8% (the higher figure, shaded) |
| ROCE | 17.1% | 26.4% (the higher figure, shaded) |
| Operating margin (OPM) | 18.2% | 25.2% (the higher figure, shaded) |
| Net margin (NPM) | 8.6% | 23.2% (the higher figure, shaded) |
| Sales CAGR 3Y | +17.5% | +17.5% |
| Profit CAGR 3Y | +18.5% | +23.7% (the higher figure, shaded) |
| Debt to equity | 1.25× | 0.02× (the lower figure, shaded) |
| Interest cover | 3.7× | 100.3× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | – | 5,773 |
| 1Y return | −12.7% | +11.3% (the higher figure, shaded) |
| Promoter holding | 18.39% | 49.02% |
Mahindra & Mahindra vs Eicher Motors: common questions
Which is bigger, Mahindra & Mahindra or Eicher Motors?
By market cap, Mahindra & Mahindra is bigger at ₹3.9L Cr, against ₹2.1L Cr for Eicher Motors (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Mahindra & Mahindra or Eicher Motors?
Mahindra & Mahindra trades at a P/E of 19.0× and Eicher Motors at 36.5×. Mahindra & Mahindra 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, Mahindra & Mahindra or Eicher Motors?
Mahindra & Mahindra reports a return on equity of 20.1% and Eicher Motors 23.8%. Eicher Motors has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Mahindra & Mahindra or Eicher Motors?
Over the last three years: Sales grew +17.5% a year at Mahindra & Mahindra and +17.5% at Eicher Motors; profit grew +18.5% a year at Mahindra & Mahindra and +23.7% at Eicher Motors, so Eicher Motors grew profit faster. Past growth doesn’t predict future growth.