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Maruti Suzuki India vs Mahindra & Mahindra: 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.

Maruti Suzuki India

NSE: MARUTI · Automobile and Auto Components

₹12,750.00plus 0.77%

Mahindra & Mahindra

NSE: M&M · Automobile and Auto Components

₹3,287.20plus 5.11%

Maruti Suzuki India and Mahindra & Mahindra at a glance

Maruti Suzuki India and Mahindra & Mahindra are both listed in Automobile and Auto Components. Maruti Suzuki India is the larger by market cap, at ₹4.0L Cr against ₹3.9L Cr for Mahindra & Mahindra. On valuation, Mahindra & Mahindra has the lower P/E (19.0× against 29.8×). On returns and margins, Mahindra & Mahindra has the higher ROE (20.1% against 12.9%) and the higher operating margin (18.2% against 10.2%). Over three years, Maruti Suzuki India has faster 3-year profit growth (+21.1% against +18.5% a year), while Mahindra & Mahindra has faster 3-year sales growth (+17.5% against +15.9% a year). Maruti Suzuki India carries less debt for its equity, with a debt-to-equity of 0.00× against 1.25×.

See the full interactive comparison

Key metrics, side by side

Key metrics of Maruti Suzuki India and Mahindra & Mahindra
MetricMaruti Suzuki IndiaMARUTIMahindra & MahindraM&M
Price (₹)12,750.003,287.20
Market cap (₹ Cr)4,00,8633,94,715
P/E29.8×19.0× (the lower figure, shaded)
P/B3.68×3.75×
Dividend yield, trailing1.10%1.00%
ROE12.9%20.1% (the higher figure, shaded)
ROCE17.2%17.1%
Operating margin (OPM)10.2%18.2% (the higher figure, shaded)
Net margin (NPM)6.5%8.6% (the higher figure, shaded)
Sales CAGR 3Y+15.9%+17.5% (the higher figure, shaded)
Profit CAGR 3Y+21.1% (the higher figure, shaded)+18.5%
Debt to equity0.00× (the lower figure, shaded)1.25×
Interest cover81.1× (the higher figure, shaded)3.7×
Net profit TTM (₹ Cr)13,451–
1Y return−17.7%−12.7% (the higher figure, shaded)
Promoter holding58.72%18.39%

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.

Maruti Suzuki India vs Mahindra & Mahindra: common questions

Which is bigger, Maruti Suzuki India or Mahindra & Mahindra?

By market cap, Maruti Suzuki India is bigger at ₹4.0L Cr, against ₹3.9L Cr for Mahindra & Mahindra (prices as of 6 Nov 2026).

Which has a lower P/E ratio, Maruti Suzuki India or Mahindra & Mahindra?

Maruti Suzuki India trades at a P/E of 29.8× and Mahindra & Mahindra at 19.0×. 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, Maruti Suzuki India or Mahindra & Mahindra?

Maruti Suzuki India reports a return on equity of 12.9% and Mahindra & Mahindra 20.1%. Mahindra & Mahindra has the higher ROE. ROE is net profit as a share of shareholders’ equity.

Which is growing faster, Maruti Suzuki India or Mahindra & Mahindra?

Over the last three years: Sales grew +15.9% a year at Maruti Suzuki India and +17.5% at Mahindra & Mahindra, so Mahindra & Mahindra grew sales faster; profit grew +21.1% a year at Maruti Suzuki India and +18.5% at Mahindra & Mahindra, so Maruti Suzuki India grew profit faster. Past growth doesn’t predict future growth.

Go to the stock pages for Maruti Suzuki India and Mahindra & Mahindra, or add up to four more companies in the interactive comparison.