DIVISLAB.NS vs. M&M.NS

Last updated Jun 4, 2026

DIVISLAB.NS (Divi's Laboratories Limited) and M&M.NS (Mahindra & Mahindra Limited) are both stocks. DIVISLAB.NS operates in Drug Manufacturers - Specialty & Generic (Healthcare), while M&M.NS operates in Auto Manufacturers (Consumer Cyclical). Over the past 10 years, DIVISLAB.NS returned 19.96%/yr vs 16.95%/yr for M&M.NS. At a 0.25 correlation, their price movements are largely independent.

Performance

DIVISLAB.NS vs. M&M.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Divi's Laboratories Limited (DIVISLAB.NS) and Mahindra & Mahindra Limited (M&M.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVISLAB.NS achieves a 2.88% return, which is significantly higher than M&M.NS's -18.82% return. Over the past 10 years, DIVISLAB.NS has outperformed M&M.NS with an annualized return of 19.96%, while M&M.NS has yielded a comparatively lower 16.95% annualized return.

DIVISLAB.NS

• 1D: 0.67%
• 1M: -0.65%
• YTD: 2.88%
• 6M: 1.88%
• 1Y: 1.17%
• 3Y*: 24.03%
• 5Y*: 9.73%
• 10Y*: 19.96%

M&M.NS

• 1D: 0.43%
• 1M: -3.07%
• YTD: -18.82%
• 6M: -17.49%
• 1Y: -0.37%
• 3Y*: 32.06%
• 5Y*: 31.44%
• 10Y*: 16.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DIVISLAB.NS vs. M&M.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVISLAB.NS Divi's Laboratories Limited	2.88%	5.29%	57.18%	15.30%	-26.48%	22.27%	109.70%	25.81%	36.03%	41.78%
M&M.NS Mahindra & Mahindra Limited	-18.82%	24.34%	75.15%	39.89%	50.75%	17.48%	36.15%	-32.95%	7.89%	26.84%

Correlation

The correlation between DIVISLAB.NS and M&M.NS is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Mar 13, 2003	0.25

Return for Risk

DIVISLAB.NS vs. M&M.NS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIVISLAB.NS

DIVISLAB.NS Risk / Return Rank: 39
DIVISLAB.NS Sharpe Ratio Rank: 42
DIVISLAB.NS Sortino Ratio Rank: 36
DIVISLAB.NS Omega Ratio Rank: 35
DIVISLAB.NS Calmar Ratio Rank: 42
DIVISLAB.NS Martin Ratio Rank: 41

M&M.NS

M&M.NS Risk / Return Rank: 37
M&M.NS Sharpe Ratio Rank: 40
M&M.NS Sortino Ratio Rank: 34
M&M.NS Omega Ratio Rank: 34
M&M.NS Calmar Ratio Rank: 39
M&M.NS Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DIVISLAB.NS vs. M&M.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Divi's Laboratories Limited (DIVISLAB.NS) and Mahindra & Mahindra Limited (M&M.NS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DIVISLAB.NS	M&M.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.05	-0.01	+0.07
Sortino ratio: Return per unit of downside risk	0.24	0.17	+0.06
Omega ratio: Gain probability vs. loss probability	1.03	1.02	+0.01
Calmar ratio: Return relative to maximum drawdown	0.06	-0.02	+0.08
Martin ratio: Return relative to average drawdown	0.13	-0.04	+0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVISLAB.NS vs. M&M.NS - Sharpe Ratio Comparison

The current DIVISLAB.NS Sharpe Ratio is 0.05, which is higher than the M&M.NS Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of DIVISLAB.NS and M&M.NS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DIVISLAB.NS	M&M.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	-0.01	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	1.15	-0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.57	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.19	+0.77

Drawdowns

DIVISLAB.NS vs. M&M.NS - Drawdown Comparison

The maximum DIVISLAB.NS drawdown since its inception was -59.54%, smaller than the maximum M&M.NS drawdown of -94.09%. Use the drawdown chart below to compare losses from any high point for DIVISLAB.NS and M&M.NS.

Drawdown Indicators

	DIVISLAB.NS	M&M.NS	Difference
Max Drawdown Largest peak-to-trough decline	-59.54%	-94.09%	+34.55%
Max Drawdown (1Y) Largest decline over 1 year	-18.16%	-22.91%	+4.75%
Max Drawdown (3Y) Largest decline over 3 years	-18.16%	-22.91%	+4.75%
Max Drawdown (5Y) Largest decline over 5 years	-48.40%	-28.09%	-20.31%
Max Drawdown (10Y) Largest decline over 10 years	-59.54%	-72.28%	+12.74%
Current Drawdown Current decline from peak	-5.40%	-20.81%	+15.41%
Average Drawdown Average peak-to-trough decline	-17.75%	-31.10%	+13.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.14%	9.59%	-0.45%

Volatility

DIVISLAB.NS vs. M&M.NS - Volatility Comparison

The current volatility for Divi's Laboratories Limited (DIVISLAB.NS) is 5.61%, while Mahindra & Mahindra Limited (M&M.NS) has a volatility of 7.61%. This indicates that DIVISLAB.NS experiences smaller price fluctuations and is considered to be less risky than M&M.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVISLAB.NS	M&M.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	7.61%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	15.26%	21.52%	-6.26%
Volatility (1Y) Calculated over the trailing 1-year period	21.68%	26.76%	-5.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.72%	27.81%	-1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.43%	30.41%	+1.02%

Dividends

DIVISLAB.NS vs. M&M.NS - Dividend Comparison

DIVISLAB.NS's dividend yield for the trailing twelve months is around 0.46%, less than M&M.NS's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIVISLAB.NS Divi's Laboratories Limited	0.46%	0.47%	0.49%	0.77%	0.88%	0.43%	0.42%	0.87%	0.67%	0.91%	1.28%	0.87%
M&M.NS Mahindra & Mahindra Limited	0.84%	0.68%	0.70%	0.94%	0.92%	1.05%	0.33%	1.60%	0.93%	0.03%	0.03%	0.03%

Financials

Frequently Asked Questions

Can I hold both DIVISLAB.NS and M&M.NS in my portfolio?

DIVISLAB.NS and M&M.NS have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.