NSE ScannerComparison · NSE · data 2026-10-31
Mahindra & Mahindra Ltd. vs TVS Motor Company Limited
In plain words
Size: Mahindra & Mahindra Ltd. is about 1.8 times the market value of TVS Motor Company Limited.
Valuation (P/E): TVS Motor Company Limited 52.1 vs Mahindra & Mahindra Ltd. 17.3.
Return on equity: TVS Motor Company Limited 33.4% vs Mahindra & Mahindra Ltd. 20.1%.
Profit growth over 3 years: TVS Motor Company Limited 31.5% a year vs Mahindra & Mahindra Ltd. 18.5% a year.
Debt to equity: TVS Motor Company Limited 3.43 vs Mahindra & Mahindra Ltd. 1.47.
Differences in the numbers, not a recommendation of either stock.
Side by side
| M&M | TVSMOTOR | |
|---|---|---|
| Price | ₹2,840.3 | ₹4,195.2 |
| Market cap | ₹3,53,660 cr | ₹1,99,537 cr |
| P/E | 17.3 | 52.1 |
| P/B | — | 17.6 |
| ROE | 20.1% | 33.4% |
| ROCE | 14.2% | 25.2% |
| Debt / equity | 1.47 | 3.43 |
| Operating margin | 15.1% | 12.5% |
| Dividend yield | 1.16% | 0.29% |
| Sales growth, 3 years (yearly) | 17.4% | 20.2% |
| Profit growth, 3 years (yearly) | 18.5% | 31.5% |
| 1-year return | -19.8% | 19.7% |
| Revenue, last 12 months | ₹2,10,635 cr | ₹65,578 cr |
| Net profit, last 12 months | ₹18,470 cr | ₹3,827 cr |
| Latest quarter | Jun 2026 | Jun 2026 |
| Quarter net profit | ₹5,455 cr | ₹1,019 cr |
| Quarter profit vs a year earlier | +33.6% | — |
| Promoter holding | 18.39% | 50.27% |
| Health check | Strong (6.8/10) | Average (6.3/10) |
Common questions
Which has a higher P/E, Mahindra & Mahindra Ltd. or TVS Motor Company Limited?
TVS Motor Company Limited trades at the higher P/E (52.1 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?
TVS Motor Company Limited (33.4% against 20.1%).
Which carries more debt?
TVS Motor Company Limited has the higher debt-to-equity ratio (3.43 against 1.47).