Maruti Suzuki India vs TVS Motor Company: share price, P/E, ROE and financials compared
Maruti Suzuki India
TVS Motor Company
Maruti Suzuki India and TVS Motor Company at a glance
Maruti Suzuki India and TVS Motor Company are both listed in Automobile and Auto Components. Maruti Suzuki India is the larger by market cap, at ₹4.0L Cr against ₹2.1L Cr for TVS Motor Company (1.9 times as large). On valuation, Maruti Suzuki India has the lower P/E (29.8× against 55.8×) and the lower price-to-book (3.68× against 18.81×). On returns and margins, TVS Motor Company has the higher ROCE (28.8% against 17.2%), the higher ROE (37.2% against 12.9%) and the higher operating margin (14.5% against 10.2%). Over three years, TVS Motor Company has faster 3-year sales growth (+20.2% against +15.9% a year) and faster 3-year profit growth (+31.4% against +21.1% a year). Maruti Suzuki India carries less debt for its equity, with a debt-to-equity of 0.00× against 3.21×.
Key metrics, side by side
| Metric | Maruti Suzuki IndiaMARUTI | TVS Motor CompanyTVSMOTOR |
|---|---|---|
| Price (₹) | 12,750.00 | 4,491.70 |
| Market cap (₹ Cr) | 4,00,863 | 2,13,457 |
| P/E | 29.8× (the lower figure, shaded) | 55.8× |
| P/B | 3.68× (the lower figure, shaded) | 18.81× |
| Dividend yield, trailing | 1.10% (the higher figure, shaded) | 0.27% |
| ROE | 12.9% | 37.2% (the higher figure, shaded) |
| ROCE | 17.2% | 28.8% (the higher figure, shaded) |
| Operating margin (OPM) | 10.2% | 14.5% (the higher figure, shaded) |
| Net margin (NPM) | 6.5% (the higher figure, shaded) | 5.8% |
| Sales CAGR 3Y | +15.9% | +20.2% (the higher figure, shaded) |
| Profit CAGR 3Y | +21.1% | +31.4% (the higher figure, shaded) |
| Debt to equity | 0.00× (the lower figure, shaded) | 3.21× |
| Interest cover | 81.1× (the higher figure, shaded) | 3.2× |
| Net profit TTM (₹ Cr) | 13,451 | 3,827 |
| 1Y return | −17.7% | +28.1% (the higher figure, shaded) |
| Promoter holding | 58.72% | 50.27% |
Maruti Suzuki India vs TVS Motor Company: common questions
Which is bigger, Maruti Suzuki India or TVS Motor Company?
By market cap, Maruti Suzuki India is bigger at ₹4.0L Cr, against ₹2.1L Cr for TVS Motor Company (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹13,451 Cr for Maruti Suzuki India and ₹3,827 Cr for TVS Motor Company.
Which has a lower P/E ratio, Maruti Suzuki India or TVS Motor Company?
Maruti Suzuki India trades at a P/E of 29.8× and TVS Motor Company at 55.8×. Maruti Suzuki India 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 TVS Motor Company?
Maruti Suzuki India reports a return on equity of 12.9% 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, Maruti Suzuki India or TVS Motor Company?
Over the last three years: Sales grew +15.9% a year at Maruti Suzuki India and +20.2% at TVS Motor Company, so TVS Motor Company grew sales faster; profit grew +21.1% a year at Maruti Suzuki India and +31.4% at TVS Motor Company, so TVS Motor Company grew profit faster. Past growth doesn’t predict future growth.