Maruti Suzuki India vs Bajaj Auto: share price, P/E, ROE and financials compared
Maruti Suzuki India
Bajaj Auto
Maruti Suzuki India and Bajaj Auto at a glance
Maruti Suzuki India and Bajaj Auto are both listed in Automobile and Auto Components. Maruti Suzuki India is the larger by market cap, at ₹4.0L Cr against ₹3.0L Cr for Bajaj Auto (1.3 times as large). On valuation, Maruti Suzuki India has the lower price-to-book (3.68× against 8.21×), while Bajaj Auto has the lower P/E (23.3× against 29.8×). On returns and margins, Bajaj Auto has the higher ROCE (26.1% against 17.2%), the higher ROE (35.6% against 12.9%) and the higher operating margin (21.0% against 10.2%). Over three years, Bajaj Auto has faster 3-year sales growth (+19.5% against +15.9% a year). Maruti Suzuki India carries less debt for its equity, with a debt-to-equity of 0.00× against 0.70×.
Key metrics, side by side
| Metric | Maruti Suzuki IndiaMARUTI | Bajaj AutoBAJAJ-AUTO |
|---|---|---|
| Price (₹) | 12,750.00 | 10,900.00 |
| Market cap (₹ Cr) | 4,00,863 | 2,99,536 |
| P/E | 29.8× | 23.3× (the lower figure, shaded) |
| P/B | 3.68× (the lower figure, shaded) | 8.21× |
| Dividend yield, trailing | 1.10% | 1.38% (the higher figure, shaded) |
| ROE | 12.9% | 35.6% (the higher figure, shaded) |
| ROCE | 17.2% | 26.1% (the higher figure, shaded) |
| Operating margin (OPM) | 10.2% | 21.0% (the higher figure, shaded) |
| Net margin (NPM) | 6.5% | 16.0% (the higher figure, shaded) |
| Sales CAGR 3Y | +15.9% | +19.5% (the higher figure, shaded) |
| Profit CAGR 3Y | +21.1% | +21.0% |
| Debt to equity | 0.00× (the lower figure, shaded) | 0.70× |
| Interest cover | 81.1× (the higher figure, shaded) | 12.9× |
| Net profit TTM (₹ Cr) | 13,451 | 13,073 |
| 1Y return | −17.7% | +22.9% (the higher figure, shaded) |
| Promoter holding | 58.72% | 55.95% |
Maruti Suzuki India vs Bajaj Auto: common questions
Which is bigger, Maruti Suzuki India or Bajaj Auto?
By market cap, Maruti Suzuki India is bigger at ₹4.0L Cr, against ₹3.0L Cr for Bajaj Auto (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹13,451 Cr for Maruti Suzuki India and ₹13,073 Cr for Bajaj Auto.
Which has a lower P/E ratio, Maruti Suzuki India or Bajaj Auto?
Maruti Suzuki India trades at a P/E of 29.8× and Bajaj Auto at 23.3×. 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, Maruti Suzuki India or Bajaj Auto?
Maruti Suzuki India reports a return on equity of 12.9% and Bajaj Auto 35.6%. Bajaj Auto has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Maruti Suzuki India or Bajaj Auto?
Over the last three years: Sales grew +15.9% a year at Maruti Suzuki India and +19.5% at Bajaj Auto, so Bajaj Auto grew sales faster; profit grew +21.1% a year at Maruti Suzuki India and +21.0% at Bajaj Auto. Past growth doesn’t predict future growth.