NSE ScannerComparison · NSE · data 2026-11-01
Maruti Suzuki India Limited vs TVS Motor Company Limited
In plain words
Size: Maruti Suzuki India Limited is about 1.8 times the market value of TVS Motor Company Limited.
Valuation (P/E): TVS Motor Company Limited 52.1 vs Maruti Suzuki India Limited 26.6.
Return on equity: TVS Motor Company Limited 33.4% vs Maruti Suzuki India Limited 14.4%.
Profit growth over 3 years: TVS Motor Company Limited 31.5% a year vs Maruti Suzuki India Limited 21.1% a year.
Debt to equity: TVS Motor Company Limited 3.43 vs Maruti Suzuki India Limited 0.
Differences in the numbers, not a recommendation of either stock.
Side by side
| MARUTI | TVSMOTOR | |
|---|---|---|
| Price | ₹11,397 | ₹4,195.2 |
| Market cap | ₹3,58,828 cr | ₹1,99,537 cr |
| P/E | 26.6 | 52.1 |
| P/B | 3.3 | 17.6 |
| ROE | 14.4% | 33.4% |
| ROCE | 13.6% | 25.2% |
| Debt / equity | 0 | 3.43 |
| Operating margin | 6.5% | 12.5% |
| Dividend yield | 1.23% | 0.29% |
| Sales growth, 3 years (yearly) | 15.6% | 20.2% |
| Profit growth, 3 years (yearly) | 21.1% | 31.5% |
| 1-year return | -29.6% | 19.7% |
| Revenue, last 12 months | ₹2,08,192 cr | ₹65,578 cr |
| Net profit, last 12 months | ₹13,451 cr | ₹3,827 cr |
| Latest quarter | Sept 2026 | Sept 2026 |
| Quarter net profit | ₹2,466 cr | ₹1,195 cr |
| Quarter profit vs a year earlier | -26.4% | +50.2% |
| Promoter holding | 58.72% | 50.27% |
| Health check | Average (5.4/10) | Average (6.3/10) |
Common questions
Which has a higher P/E, Maruti Suzuki India Limited or TVS Motor Company Limited?
TVS Motor Company Limited trades at the higher P/E (52.1 against 26.6). 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?
TVS Motor Company Limited (33.4% against 14.4%).
Which carries more debt?
TVS Motor Company Limited has the higher debt-to-equity ratio (3.43 against 0).