TickerKhojComparison · NSE · data 2026-11-03
Bajaj Auto Limited vs Mahindra & Mahindra Ltd.
In plain words
Size: Mahindra & Mahindra Ltd. is about 1.2 times the market value of Bajaj Auto Limited.
Valuation (P/E): Bajaj Auto Limited 22.1 vs Mahindra & Mahindra Ltd. 17.5.
Return on equity: Bajaj Auto Limited 29% vs Mahindra & Mahindra Ltd. 20.1%.
Profit growth over 3 years: Bajaj Auto Limited 21% a year vs Mahindra & Mahindra Ltd. 18.5% a year.
Debt to equity: Mahindra & Mahindra Ltd. 1.47 vs Bajaj Auto Limited 0.58.
Differences in the numbers, not a recommendation of either stock.
Side by side
| BAJAJ_AUTO | M&M | |
|---|---|---|
| Price | ₹10,339 | ₹2,868.8 |
| Market cap | ₹2,84,422 cr | ₹3,53,660 cr |
| P/E | 22.1 | 17.5 |
| P/B | 7.8 | — |
| ROE | 29.0% | 20.1% |
| ROCE | 21.7% | 14.2% |
| Debt / equity | 0.58 | 1.47 |
| Operating margin | 18.6% | 15.1% |
| Dividend yield | 1.45% | 1.16% |
| Sales growth, 3 years (yearly) | 19.6% | 17.4% |
| Profit growth, 3 years (yearly) | 21.0% | 18.5% |
| 1-year return | 15.7% | -18.4% |
| Revenue, last 12 months | ₹80,851 cr | ₹2,10,635 cr |
| Net profit, last 12 months | ₹13,073 cr | ₹18,470 cr |
| Latest quarter | — | Jun 2026 |
| Quarter net profit | — | ₹5,455 cr |
| Quarter profit vs a year earlier | — | +33.6% |
| Promoter holding | — | 18.39% |
| Health check | Strong (8.2/10) | Strong (6.8/10) |
Common questions
Which has a higher P/E, Bajaj Auto Limited or Mahindra & Mahindra Ltd.?
Bajaj Auto Limited trades at the higher P/E (22.1 against 17.5). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
Bajaj Auto Limited (29.0% against 20.1%).
Which carries more debt?
Mahindra & Mahindra Ltd. has the higher debt-to-equity ratio (1.47 against 0.58).