{"id":344390,"date":"2026-11-12T10:15:23","date_gmt":"2026-11-12T04:45:23","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=344390"},"modified":"2026-11-12T10:15:23","modified_gmt":"2026-11-12T04:45:23","slug":"mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/","title":{"rendered":"Mahindra &#038; Mahindra Share Price: 31.5% CAGR in 3 Years as the SUV and Tractor Major Faces Maruti Suzuki and Ashok Leyland"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#Mahindra_Mahindra_Share_Price_315_CAGR_in_3_Years_as_the_SUV_and_Tractor_Major_Faces_Maruti_Suzuki_and_Ashok_Leyland\" title=\"Mahindra &#038; Mahindra Share Price: 31.5% CAGR in 3 Years as the SUV and Tractor Major Faces Maruti Suzuki and Ashok Leyland\">Mahindra &#038; Mahindra Share Price: 31.5% CAGR in 3 Years as the SUV and Tractor Major Faces Maruti Suzuki and Ashok Leyland<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#How_Much_Has_the_Mahindra_Mahindra_Share_Price_Returned_in_3_Years\" title=\"How Much Has the Mahindra &#038; Mahindra Share Price Returned in 3 Years?\">How Much Has the Mahindra &#038; Mahindra Share Price Returned in 3 Years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#Mahindra_Mahindra_vs_Maruti_Suzuki_and_Ashok_Leyland_3-Year_CAGR_Compared\" title=\"Mahindra &#038; Mahindra vs Maruti Suzuki and Ashok Leyland: 3-Year CAGR Compared\">Mahindra &#038; Mahindra vs Maruti Suzuki and Ashok Leyland: 3-Year CAGR Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#Valuation_and_Quality_Compared\" title=\"Valuation and Quality Compared\">Valuation and Quality Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#What_Is_Driving_the_Mahindra_Mahindra_Stock\" title=\"What Is Driving the Mahindra &#038; Mahindra Stock?\">What Is Driving the Mahindra &#038; Mahindra Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#How_the_Established_Players_Stack_Up\" title=\"How the Established Players Stack Up\">How the Established Players Stack Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#What_Should_Investors_Track_Next\" title=\"What Should Investors Track Next?\">What Should Investors Track Next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#How_to_Compare_Auto_Stocks_Yourself\" title=\"How to Compare Auto Stocks Yourself\">How to Compare Auto Stocks Yourself<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#A_Diversified_Auto_Group_at_the_Lowest_PE_in_Its_Peer_Set\" title=\"A Diversified Auto Group at the Lowest P\/E in Its Peer Set\">A Diversified Auto Group at the Lowest P\/E in Its Peer Set<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#What_is_the_Mahindra_Mahindra_share_price_today\" title=\"What is the Mahindra &#038; Mahindra share price today?\">What is the Mahindra &#038; Mahindra share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#What_is_the_3-year_CAGR_of_the_Mahindra_Mahindra_stock\" title=\"What is the 3-year CAGR of the Mahindra &#038; Mahindra stock?\">What is the 3-year CAGR of the Mahindra &#038; Mahindra stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#Is_M_M_better_than_Maruti_Suzuki\" title=\"Is M&#038;M better than Maruti Suzuki?\">Is M&#038;M better than Maruti Suzuki?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#What_does_Mahindra_Mahindra_do\" title=\"What does Mahindra &#038; Mahindra do?\">What does Mahindra &#038; Mahindra do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#Is_the_Mahindra_Mahindra_stock_debt_free\" title=\"Is the Mahindra &#038; Mahindra stock debt free?\">Is the Mahindra &#038; Mahindra stock debt free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#Is_Mahindra_Mahindra_expensive_compared_with_the_industry\" title=\"Is Mahindra &#038; Mahindra expensive compared with the industry?\">Is Mahindra &#038; Mahindra expensive compared with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#Which_auto_stock_gave_the_highest_return_in_3_years\" title=\"Which auto stock gave the highest return in 3 years?\">Which auto stock gave the highest return in 3 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-and-mahindra-share-price-3-year-cagr-vs-auto-peers-maruti-suzuki-ashok-leyland\/#How_do_I_calculate_CAGR_for_a_stock\" title=\"How do I calculate CAGR for a stock?\">How do I calculate CAGR for a stock?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Mahindra_Mahindra_Share_Price_315_CAGR_in_3_Years_as_the_SUV_and_Tractor_Major_Faces_Maruti_Suzuki_and_Ashok_Leyland\"><\/span><strong>Mahindra &#038; Mahindra Share Price: 31.5% CAGR in 3 Years as the SUV and Tractor Major Faces Maruti Suzuki and Ashok Leyland<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Mahindra &#038; Mahindra previous close Rs 3,465. 3-year CAGR 31.5%. Up 2.3x since 10 Nov 2023. ROE 19.80%. Market cap Rs 4,29,813 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The <strong>Mahindra &#038; Mahindra share price<\/strong> closed at Rs 3,465 on 11 November 2026, a compounded annual return of 31.5% over three years. That compares with Maruti Suzuki at 8.3% and Ashok Leyland at 26.0%. The company has a market cap of Rs 4,29,813 crore and a P\/E of 20.04 against an industry P\/E of 25.73.<\/p>\n<\/p><\/div>\n<p>The <strong>Mahindra &#038; Mahindra share price<\/strong> has delivered a very strong return over three years, and the stock still trades at a P\/E below the industry level. Mahindra &#038; Mahindra, based in Mumbai, makes SUVs, tractors and commercial vehicles and also runs a financial services business.<\/p>\n<p>This article compares that run with Maruti Suzuki and Ashok Leyland. We calculate the three-year CAGR for all three and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=mahindra-and-mahindra-share-price\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_the_Mahindra_Mahindra_Share_Price_Returned_in_3_Years\"><\/span><strong>How Much Has the Mahindra &#038; Mahindra Share Price Returned in 3 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Mahindra &#038; Mahindra stock closed at Rs 1,524.10 on 10 November 2023 and at Rs 3,465.00 on 11 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 2.27 lakh, which is a CAGR of 31.5%. This is a price return and leaves out dividends.<\/p>\n<p>CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Mahindra &#038; Mahindra can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.<\/p>\n<p>The <strong>Mahindra &#038; Mahindra share price<\/strong> has also followed the strong demand for its SUV range, steady sales of tractors in rural markets and the growth of its electric vehicle plans.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mahindra_Mahindra_vs_Maruti_Suzuki_and_Ashok_Leyland_3-Year_CAGR_Compared\"><\/span><strong>Mahindra &#038; Mahindra vs Maruti Suzuki and Ashok Leyland: 3-Year CAGR Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table ranks the companies by three-year CAGR. Prices on 10 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 11 November 2026.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Close on 10 Nov 2023<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Previous close (11 Nov 2026)<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Price multiple<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">3-year CAGR<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Mahindra &#038; Mahindra<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,524.10<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 3,465.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.3x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">31.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Ashok Leyland<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 86.90<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 173.90<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.0x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">26.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Maruti Suzuki<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 10,388.80<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 13,185.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.3x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">8.3%<\/td>\n<\/tr>\n<\/table>\n<p>The Mahindra &#038; Mahindra stock leads the group at 31.5%, followed by Ashok Leyland at 26.0% and Maruti Suzuki at 8.3%. M&#038;M leads the group, followed by Ashok Leyland and then Maruti Suzuki. M&#038;M is also the largest of the three by market cap and trades at the lowest P\/E.<\/p>\n<p>Look at the <strong>Mahindra &#038; Mahindra share price<\/strong> alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Quality_Compared\"><\/span><strong>Valuation and Quality Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Market cap<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Debt to equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/mandm\/mahindra-and-mahindra-ltd-share-price-today\">Mahindra &#038; Mahindra<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 4,29,813 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">20.04<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">25.73<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">19.80%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.57<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/maruti\/maruti-suzuki-india-ltd-share-price-today\">Maruti Suzuki<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 4,14,351 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">30.80<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">25.73<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">12.34%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/ashokley\/ashok-leyland-ltd-share-price-today\">Ashok Leyland<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,01,765 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">27.28<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">25.73<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">24.37%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">4.49<\/td>\n<\/tr>\n<\/table>\n<p>By market cap, Mahindra &#038; Mahindra is the largest of the group at Rs 4,29,813 crore, which gives it the scale advantage over Maruti Suzuki, Ashok Leyland. On earnings, Mahindra &#038; Mahindra shares trade at a P\/E of 20.04 against an industry P\/E of 25.73, a discount of about 22% to the sector, which leaves room if earnings keep growing. Peer multiples are Maruti Suzuki at 30.80 and Ashok Leyland at 27.28.<\/p>\n<p>Return on equity is 19.80% for the Mahindra &#038; Mahindra stock, which ranks second among the three, and debt to equity stands at 1.57. Trailing EPS is Rs 172.46. Diversified auto groups are valued on the strength of each division, so the P\/E should be read together with return on equity and the debt that sits in the financing arm.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Driving_the_Mahindra_Mahindra_Stock\"><\/span><strong>What Is Driving the Mahindra &#038; Mahindra Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>M&#038;M sells SUVs such as the Scorpio, Thar and XUV range, and it is among the largest tractor makers in the world by volume. Tractor demand follows the farm cycle, while SUV demand follows consumer spending, so the two divisions balance each other.<\/p>\n<p>The company also makes light commercial vehicles and owns a lending arm that finances vehicle and tractor buyers. The consolidated balance sheet includes the loans of this arm, which is why debt to equity looks higher than at a pure car maker.<\/p>\n<p>Followers of the <strong>Mahindra &#038; Mahindra share price<\/strong> usually track SUV order books, tractor volumes, margins and the progress of its electric vehicle launches.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Established_Players_Stack_Up\"><\/span><strong>How the Established Players Stack Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Maruti Suzuki is a Suzuki Motor Corporation subsidiary and the largest passenger car maker in India. It compounded at 8.3% a year, on a market cap of Rs 4,14,351 crore and an ROE of 12.34%.<\/p>\n<p>Ashok Leyland is a Chennai-based Hinduja Group company that makes trucks and buses. It compounded at 26.0% a year, on a market cap of Rs 1,01,765 crore and an ROE of 24.37%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Track_Next\"><\/span><strong>What Should Investors Track Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three things are worth watching on the <strong>Mahindra &#038; Mahindra share price<\/strong>. First, SUV demand and the waiting period on key models. Second, tractor sales through the farm season. Third, the credit quality of the finance arm.<\/p>\n<p>At a P\/E of 20, the stock trades below the industry P\/E of 26, and its ROE is 19.80%. Debt to equity of 1.57 includes the lending arm, so follow quarterly numbers closely.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live fundamentals of auto stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Compare_Auto_Stocks_Yourself\"><\/span><strong>How to Compare Auto Stocks Yourself<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can repeat this exercise for any pair of stocks, including the Mahindra &#038; Mahindra stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P\/E against the industry P\/E, ROE and debt to equity. Benchmark the result against the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> as well, so you know whether the stock beat the broader market.<\/p>\n<p>A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the <strong>Mahindra &#038; Mahindra share price<\/strong>, the same four checks give a more complete picture than price alone.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the <strong>Mahindra &#038; Mahindra share price<\/strong> and compare auto stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Diversified_Auto_Group_at_the_Lowest_PE_in_Its_Peer_Set\"><\/span><strong>A Diversified Auto Group at the Lowest P\/E in Its Peer Set<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Mahindra &#038; Mahindra share price<\/strong> compounded at 31.5% a year over three years, ahead of Ashok Leyland at 26.0% and Maruti Suzuki at 8.3%. Its P\/E of 20.04 is the lowest of the three and its ROE of 19.80% is second only to Ashok Leyland.<\/p>\n<p>Ashok Leyland brings the highest ROE in a smaller market cap, while Maruti Suzuki brings almost no debt. The choice depends on which business mix you prefer.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Mahindra_Mahindra_share_price_today\"><\/span><strong>What is the Mahindra &#038; Mahindra share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Mahindra &#038; Mahindra closed at Rs 3,465 on 11 November 2026, according to NSE data. It has a market cap of Rs 4,29,813 crore and a P\/E of 20.04. Check live quotes before acting, as prices change every trading day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_3-year_CAGR_of_the_Mahindra_Mahindra_stock\"><\/span><strong>What is the 3-year CAGR of the Mahindra &#038; Mahindra stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Mahindra &#038; Mahindra delivered a price CAGR of 31.5% over three years, moving from Rs 1,524.10 on 10 November 2023 to Rs 3,465.00 on 11 November 2026. The figure excludes dividends and uses adjusted closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_M_M_better_than_Maruti_Suzuki\"><\/span><strong>Is M&#038;M better than Maruti Suzuki?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> M&#038;M delivered a higher three-year CAGR at 31.5% than Maruti Suzuki at 8.3%. M&#038;M is slightly larger by market cap at Rs 4,29,813 crore against Rs 4,14,351 crore, trades at a lower P\/E of 20.04 against 30.80 and has a higher ROE at 19.80% against 12.34%, while Maruti Suzuki carries almost no debt. The better choice depends on your view of each business.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Mahindra_Mahindra_do\"><\/span><strong>What does Mahindra &#038; Mahindra do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Mahindra &#038; Mahindra is a Mumbai-based auto group that makes SUVs, tractors and commercial vehicles and runs a financial services arm.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Mahindra_Mahindra_stock_debt_free\"><\/span><strong>Is the Mahindra &#038; Mahindra stock debt free?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The debt to equity ratio of the Mahindra &#038; Mahindra stock is 1.57 and its return on equity is 19.80%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Mahindra_Mahindra_expensive_compared_with_the_industry\"><\/span><strong>Is Mahindra &#038; Mahindra expensive compared with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Mahindra &#038; Mahindra trades at a P\/E of 20.04 against an industry P\/E of 25.73. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_auto_stock_gave_the_highest_return_in_3_years\"><\/span><strong>Which auto stock gave the highest return in 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among the companies compared here, Mahindra &#038; Mahindra delivered the highest three-year CAGR at 31.5%, followed by Ashok Leyland at 26.0%. Past returns do not guarantee future performance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_calculate_CAGR_for_a_stock\"><\/span><strong>How do I calculate CAGR for a stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Mahindra & Mahindra share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Mahindra & Mahindra closed at Rs 3,465 on 11 November 2026, according to NSE data. It has a market cap of Rs 4,29,813 crore and a P\/E of 20.04. 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See how it compares with Maruti Suzuki and Ashok Leyland on returns and ROE.<\/p>\n","protected":false},"author":35,"featured_media":344389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[21802,22358,22357,22359],"class_list":["post-344390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-auto-stocks-3-year-return","tag-mm-vs-maruti-suzuki","tag-mahindra-mahindra-share-price","tag-mahindra-and-mahindra-stock"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["344389"],"rank_math_title":["M&amp;M Share Price: 31.5% CAGR vs Maruti, Ashok Leyland"],"rank_math_description":["Mahindra &amp; Mahindra share price compounded at 31.5% a year over 3 years. 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