Comparison · NSE · data 2026-11-02
Bajaj Auto Limited vs Maruti Suzuki India Limited
In plain words
Size: Maruti Suzuki India Limited is about 1.3 times the market value of Bajaj Auto Limited.
Valuation (P/E): Maruti Suzuki India Limited 27.4 vs Bajaj Auto Limited 22.
Return on equity: Bajaj Auto Limited 29% vs Maruti Suzuki India Limited 14.4%.
Debt to equity: Bajaj Auto Limited 0.58 vs Maruti Suzuki India Limited 0.
Differences in the numbers, not a recommendation of either stock.
Side by side
| BAJAJ_AUTO | MARUTI | |
|---|---|---|
| Price | ₹10,309 | ₹11,734 |
| Market cap | ₹2,84,422 cr | ₹3,58,828 cr |
| P/E | 22 | 27.4 |
| P/B | 7.7 | 3.4 |
| ROE | 29.0% | 14.4% |
| ROCE | 21.7% | 13.6% |
| Debt / equity | 0.58 | 0 |
| Operating margin | 18.6% | 6.5% |
| Dividend yield | 1.45% | 1.23% |
| Sales growth, 3 years (yearly) | 19.6% | 15.6% |
| Profit growth, 3 years (yearly) | 21.0% | 21.1% |
| 1-year return | 15.3% | -27.6% |
| Revenue, last 12 months | ₹80,851 cr | ₹2,08,192 cr |
| Net profit, last 12 months | ₹13,073 cr | ₹13,451 cr |
| Latest quarter | — | Sept 2026 |
| Quarter net profit | — | ₹2,466 cr |
| Quarter profit vs a year earlier | — | -26.4% |
| Promoter holding | — | 58.72% |
| Health check | Strong (8.2/10) | Average (5.5/10) |
Common questions
Which has a higher P/E, Bajaj Auto Limited or Maruti Suzuki India Limited?
Maruti Suzuki India Limited trades at the higher P/E (27.4 against 22). 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 14.4%).
Which carries more debt?
Bajaj Auto Limited has the higher debt-to-equity ratio (0.58 against 0).