MAZDOCK.NS vs. M&M.NS

Last updated Jun 5, 2026

MAZDOCK.NS (Mazagon Dock Shipbuilders Limited) and M&M.NS (Mahindra & Mahindra Limited) are both stocks. MAZDOCK.NS operates in Aerospace & Defense (Industrials), while M&M.NS operates in Auto Manufacturers (Consumer Cyclical). Over the past 5 years, MAZDOCK.NS returned 87.23%/yr vs 31.48%/yr for M&M.NS. At a 0.28 correlation, their price movements are largely independent.

Performance

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

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Mazagon Dock Shipbuilders Limited (MAZDOCK.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, MAZDOCK.NS achieves a -1.50% return, which is significantly higher than M&M.NS's -18.69% return.

MAZDOCK.NS

• 1D: 0.14%
• 1M: -7.98%
• YTD: -1.50%
• 6M: -6.25%
• 1Y: -27.73%
• 3Y*: 72.07%
• 5Y*: 87.23%
• 10Y*: —

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%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MAZDOCK.NS Mazagon Dock Shipbuilders Limited	-1.50%	12.25%	97.05%	190.74%	196.00%	31.81%	27.04%
M&M.NS Mahindra & Mahindra Limited	-18.69%	24.34%	75.15%	39.89%	50.75%	17.48%	13.59%

Correlation

The correlation between MAZDOCK.NS and M&M.NS is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.28

Return for Risk

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

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

MAZDOCK.NS

MAZDOCK.NS Risk / Return Rank: 12
MAZDOCK.NS Sharpe Ratio Rank: 9
MAZDOCK.NS Sortino Ratio Rank: 9
MAZDOCK.NS Omega Ratio Rank: 11
MAZDOCK.NS Calmar Ratio Rank: 15
MAZDOCK.NS Martin Ratio Rank: 15

M&M.NS

M&M.NS Risk / Return Rank: 38
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: 40
M&M.NS Martin Ratio Rank: 40

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.

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

This table presents a comparison of risk-adjusted performance metrics for Mazagon Dock Shipbuilders Limited (MAZDOCK.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.

	MAZDOCK.NS	M&M.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.82	-0.02	-0.80
Sortino ratio: Return per unit of downside risk	-1.16	0.17	-1.33
Omega ratio: Gain probability vs. loss probability	0.87	1.02	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.71	-0.02	-0.69
Martin ratio: Return relative to average drawdown	-1.20	-0.04	-1.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current MAZDOCK.NS Sharpe Ratio is -0.82, which is lower than the M&M.NS Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of MAZDOCK.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

	MAZDOCK.NS	M&M.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.82	-0.02	-0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.73	1.15	+0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.70	0.19	+1.51

Drawdowns

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

The maximum MAZDOCK.NS drawdown since its inception was -44.60%, smaller than the maximum M&M.NS drawdown of -94.09%. Use the drawdown chart below to compare losses from any high point for MAZDOCK.NS and M&M.NS.

Drawdown Indicators

	MAZDOCK.NS	M&M.NS	Difference
Max Drawdown Largest peak-to-trough decline	-44.60%	-94.09%	+49.49%
Max Drawdown (1Y) Largest decline over 1 year	-38.97%	-22.91%	-16.06%
Max Drawdown (3Y) Largest decline over 3 years	-44.60%	-22.91%	-21.69%
Max Drawdown (5Y) Largest decline over 5 years	-44.60%	-28.09%	-16.51%
Max Drawdown (10Y) Largest decline over 10 years	—	-72.28%	—
Current Drawdown Current decline from peak	-34.41%	-20.68%	-13.73%
Average Drawdown Average peak-to-trough decline	-14.10%	-31.10%	+17.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.34%	9.68%	+13.66%

Volatility

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

Mazagon Dock Shipbuilders Limited (MAZDOCK.NS) has a higher volatility of 7.61% compared to Mahindra & Mahindra Limited (M&M.NS) at 6.92%. This indicates that MAZDOCK.NS's price experiences larger fluctuations and is considered to be riskier than M&M.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAZDOCK.NS	M&M.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.61%	6.92%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	28.07%	21.45%	+6.62%
Volatility (1Y) Calculated over the trailing 1-year period	34.09%	26.75%	+7.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.66%	27.81%	+23.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.64%	30.40%	+20.24%

Dividends

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

MAZDOCK.NS's dividend yield for the trailing twelve months is around 0.66%, less than M&M.NS's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MAZDOCK.NS Mazagon Dock Shipbuilders Limited	0.66%	0.47%	0.79%	0.97%	2.25%	2.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

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

MAZDOCK.NS and M&M.NS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.