NSE ScannerComparison · NSE · data 2026-10-30
Eicher Motors Limited vs Mahindra & Mahindra Ltd.
In plain words
Size: Mahindra & Mahindra Ltd. is about 1.8 times the market value of Eicher Motors Limited.
Valuation (P/E): Eicher Motors Limited 34.4 vs Mahindra & Mahindra Ltd. 17.3.
Return on equity: Eicher Motors Limited 23.8% vs Mahindra & Mahindra Ltd. 20.1%.
Profit growth over 3 years: Eicher Motors Limited 23.7% a year vs Mahindra & Mahindra Ltd. 18.5% a year.
Debt to equity: Mahindra & Mahindra Ltd. 1.47 vs Eicher Motors Limited 0.02.
Differences in the numbers, not a recommendation of either stock.
Side by side
| EICHERMOT | M&M | |
|---|---|---|
| Price | ₹7,220 | ₹2,840.3 |
| Market cap | ₹1,99,028 cr | ₹3,60,623 cr |
| P/E | 34.4 | 17.3 |
| P/B | — | — |
| ROE | 23.8% | 20.1% |
| ROCE | 19.5% | 14.2% |
| Debt / equity | 0.02 | 1.47 |
| Operating margin | 21.0% | 15.1% |
| Dividend yield | 1.13% | 1.14% |
| Sales growth, 3 years (yearly) | 17.5% | 17.4% |
| Profit growth, 3 years (yearly) | 23.7% | 18.5% |
| 1-year return | 3.9% | -19.8% |
| Revenue, last 12 months | ₹24,998 cr | ₹2,10,635 cr |
| Net profit, last 12 months | ₹5,773 cr | ₹18,470 cr |
| Latest quarter | Jun 2023 | Jun 2026 |
| Quarter net profit | ₹918 cr | ₹5,455 cr |
| Quarter profit vs a year earlier | +50.4% | +33.6% |
| Promoter holding | 49.08% | 18.39% |
| Health check | Strong (7.3/10) | Strong (6.8/10) |
Common questions
Which has a higher P/E, Eicher Motors Limited or Mahindra & Mahindra Ltd.?
Eicher Motors Limited trades at the higher P/E (34.4 against 17.3). 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?
Eicher Motors Limited (23.8% against 20.1%).
Which carries more debt?
Mahindra & Mahindra Ltd. has the higher debt-to-equity ratio (1.47 against 0.02).