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M&M.NS vs. POWERGRID.NS
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

M&M.NS vs. POWERGRID.NS

Last updated Jun 5, 2026

M&M.NS (Mahindra & Mahindra Limited) and POWERGRID.NS (Power Grid Corporation of India Limited) are both stocks. M&M.NS operates in Auto Manufacturers (Consumer Cyclical), while POWERGRID.NS operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, M&M.NS returned 16.84%/yr vs 22.36%/yr for POWERGRID.NS. At a 0.27 correlation, their price movements are largely independent.

Performance

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

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Mahindra & Mahindra Limited (M&M.NS) and Power Grid Corporation of India Limited (POWERGRID.NS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, M&M.NS achieves a -18.69% return, which is significantly lower than POWERGRID.NS's 8.77% return. Over the past 10 years, M&M.NS has underperformed POWERGRID.NS with an annualized return of 16.84%, while POWERGRID.NS has yielded a comparatively higher 22.36% annualized return.

M&M.NS

1D
0.17%
1M
-9.44%
YTD
-18.69%
6M
-18.08%
1Y
-2.13%
3Y*
30.41%
5Y*
31.48%
10Y*
16.84%

POWERGRID.NS

1D
-0.16%
1M
-9.35%
YTD
8.77%
6M
6.67%
1Y
3.12%
3Y*
27.58%
5Y*
28.18%
10Y*
22.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
M&M.NS
Mahindra & Mahindra Limited		-18.69%24.34%75.15%39.89%50.75%17.48%36.15%-32.95%7.89%26.82%
POWERGRID.NS
Power Grid Corporation of India Limited		8.77%-8.09%47.91%59.74%13.41%59.04%16.19%3.33%4.05%13.32%

Correlation

The correlation between M&M.NS and POWERGRID.NS is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Oct 8, 2007

0.27

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Mahindra & Mahindra Limited

Power Grid Corporation of India Limited

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Often compared with POWERGRID.NS:
POWERGRID.NS vs. CEZ.PRPOWERGRID.NS vs. HUDCO.NSPOWERGRID.NS vs. ADANIPORTS.NSPOWERGRID.NS vs. RVNL.NSPOWERGRID.NS vs. POLICYBZR.NSPOWERGRID.NS vs. NTPC.NSPOWERGRID.NS vs. ZOMATO.NS

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
M&M.NS
M&M.NS Risk / Return Rank: 3838
Overall Rank
M&M.NS Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
M&M.NS Sortino Ratio Rank: 3434
Sortino Ratio Rank
M&M.NS Omega Ratio Rank: 3434
Omega Ratio Rank
M&M.NS Calmar Ratio Rank: 4040
Calmar Ratio Rank
M&M.NS Martin Ratio Rank: 4040
Martin Ratio Rank
POWERGRID.NS
POWERGRID.NS Risk / Return Rank: 4949
Overall Rank
POWERGRID.NS Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
POWERGRID.NS Sortino Ratio Rank: 4545
Sortino Ratio Rank
POWERGRID.NS Omega Ratio Rank: 4343
Omega Ratio Rank
POWERGRID.NS Calmar Ratio Rank: 5353
Calmar Ratio Rank
POWERGRID.NS Martin Ratio Rank: 5454
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for Mahindra & Mahindra Limited (M&M.NS) and Power Grid Corporation of India Limited (POWERGRID.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.

M&M.NSPOWERGRID.NSDifference
Sharpe ratioReturn per unit of total volatility
-0.02
0.28

-0.30

Sortino ratioReturn per unit of downside risk
0.17
0.58

-0.42

Omega ratioGain probability vs. loss probability

1.02

1.07

-0.05

Calmar ratioReturn relative to maximum drawdown

-0.02

0.46

-0.48

Martin ratioReturn relative to average drawdown

-0.04

1.06

-1.10

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current M&M.NS Sharpe Ratio is -0.02, which is lower than the POWERGRID.NS Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of M&M.NS and POWERGRID.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.

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Sharpe Ratios by Period

M&M.NSPOWERGRID.NSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.02

0.28

-0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.15

1.12

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

0.90

-0.33

Sharpe Ratio (All Time)

Calculated using the full available price history

0.19

0.55

-0.35

Drawdowns

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

The maximum M&M.NS drawdown since its inception was -94.09%, which is greater than POWERGRID.NS's maximum drawdown of -63.30%. Use the drawdown chart below to compare losses from any high point for M&M.NS and POWERGRID.NS.

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Drawdown Indicators

M&M.NSPOWERGRID.NSDifference

Max Drawdown

Largest peak-to-trough decline

-94.09%

-63.30%

-30.79%

Max Drawdown (1Y)

Largest decline over 1 year

-22.91%

-12.54%

-10.37%

Max Drawdown (3Y)

Largest decline over 3 years

-22.91%

-29.56%

+6.65%

Max Drawdown (5Y)

Largest decline over 5 years

-28.09%

-29.56%

+1.47%

Max Drawdown (10Y)

Largest decline over 10 years

-72.28%

-29.56%

-42.72%

Current Drawdown

Current decline from peak

-20.68%

-14.35%

-6.33%

Average Drawdown

Average peak-to-trough decline

-31.10%

-15.17%

-15.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.68%

5.42%

+4.26%

Volatility

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

Mahindra & Mahindra Limited (M&M.NS) has a higher volatility of 6.92% compared to Power Grid Corporation of India Limited (POWERGRID.NS) at 6.45%. This indicates that M&M.NS's price experiences larger fluctuations and is considered to be riskier than POWERGRID.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

M&M.NSPOWERGRID.NSDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.92%

6.45%

+0.47%

Volatility (6M)

Calculated over the trailing 6-month period

21.45%

15.66%

+5.79%

Volatility (1Y)

Calculated over the trailing 1-year period

26.75%

20.32%

+6.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.81%

25.65%

+2.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.40%

25.47%

+4.93%

Dividends

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

M&M.NS's dividend yield for the trailing twelve months is around 0.84%, less than POWERGRID.NS's 6.85% yield.

PositionTTM20252024202320222021202020192018201720162015
M&M.NS
Mahindra & Mahindra Limited		0.84%0.68%0.70%0.94%0.92%1.05%0.33%1.60%0.93%0.01%0.02%0.01%
POWERGRID.NS
Power Grid Corporation of India Limited		6.85%7.37%12.23%5.80%7.96%9.13%14.05%7.78%4.70%3.86%2.24%2.52%

Financials

M&M.NS vs. POWERGRID.NS - Financials Comparison

This section allows you to compare key financial metrics between Mahindra & Mahindra Limited and Power Grid Corporation of India Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

Values in INR except per share items

Frequently Asked Questions

M&M.NS and POWERGRID.NS have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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