PAYTM.NS vs. M&M.NS

Last updated Jun 5, 2026

PAYTM.NS (One97 Communications Limited) and M&M.NS (Mahindra & Mahindra Limited) are both stocks. PAYTM.NS operates in Software - Infrastructure (Technology), while M&M.NS operates in Auto Manufacturers (Consumer Cyclical). Over the past 3 years, PAYTM.NS returned 14.00%/yr vs 30.41%/yr for M&M.NS. At a 0.20 correlation, their price movements are largely independent.

Performance

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

The chart below illustrates the hypothetical performance of a ₹10,000 investment in One97 Communications Limited (PAYTM.NS) and Mahindra & Mahindra Limited (M&M.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PAYTM.NS having a -18.51% return and M&M.NS slightly lower at -18.69%.

PAYTM.NS

• 1D: -0.40%
• 1M: -10.83%
• YTD: -18.51%
• 6M: -21.28%
• 1Y: 10.04%
• 3Y*: 14.00%
• 5Y*: —
• 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)

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

	2026 (YTD)	2025	2024	2023	2022	2021
PAYTM.NS One97 Communications Limited	-18.51%	27.61%	60.18%	19.67%	-60.21%	-14.50%
M&M.NS Mahindra & Mahindra Limited	-18.69%	24.34%	75.15%	39.89%	50.75%	-9.37%

Correlation

The correlation between PAYTM.NS and M&M.NS is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021	0.20

Over the past year, PAYTM.NS and M&M.NS have become more correlated (0.40) than their long-term average of 0.20, meaning their price movements have been converging.

Return for Risk

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

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

PAYTM.NS

PAYTM.NS Risk / Return Rank: 51
PAYTM.NS Sharpe Ratio Rank: 54
PAYTM.NS Sortino Ratio Rank: 48
PAYTM.NS Omega Ratio Rank: 47
PAYTM.NS Calmar Ratio Rank: 51
PAYTM.NS Martin Ratio Rank: 53

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.

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

This table presents a comparison of risk-adjusted performance metrics for One97 Communications Limited (PAYTM.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.

	PAYTM.NS	M&M.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.36	-0.02	+0.37
Sortino ratio: Return per unit of downside risk	0.75	0.17	+0.58
Omega ratio: Gain probability vs. loss probability	1.09	1.02	+0.07
Calmar ratio: Return relative to maximum drawdown	0.42	-0.02	+0.44
Martin ratio: Return relative to average drawdown	1.04	-0.04	+1.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current PAYTM.NS Sharpe Ratio is 0.36, which is higher than the M&M.NS Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of PAYTM.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

	PAYTM.NS	M&M.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	-0.02	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	0.19	-0.35

Drawdowns

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

The maximum PAYTM.NS drawdown since its inception was -82.37%, smaller than the maximum M&M.NS drawdown of -94.09%. Use the drawdown chart below to compare losses from any high point for PAYTM.NS and M&M.NS.

Drawdown Indicators

	PAYTM.NS	M&M.NS	Difference
Max Drawdown Largest peak-to-trough decline	-82.37%	-94.09%	+11.72%
Max Drawdown (1Y) Largest decline over 1 year	-29.89%	-22.91%	-6.98%
Max Drawdown (3Y) Largest decline over 3 years	-67.89%	-22.91%	-44.98%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.09%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-72.28%	—
Current Drawdown Current decline from peak	-41.15%	-20.68%	-20.47%
Average Drawdown Average peak-to-trough decline	-54.62%	-31.10%	-23.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.17%	9.68%	+2.49%

Volatility

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

One97 Communications Limited (PAYTM.NS) has a higher volatility of 11.95% compared to Mahindra & Mahindra Limited (M&M.NS) at 6.92%. This indicates that PAYTM.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

	PAYTM.NS	M&M.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.95%	6.92%	+5.03%
Volatility (6M) Calculated over the trailing 6-month period	28.34%	21.45%	+6.89%
Volatility (1Y) Calculated over the trailing 1-year period	35.53%	26.75%	+8.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.76%	27.81%	+23.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.76%	30.40%	+21.36%

Dividends

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

PAYTM.NS has not paid dividends to shareholders, while M&M.NS's dividend yield for the trailing twelve months is around 0.84%.

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%
PAYTM.NS One97 Communications Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

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

PAYTM.NS and M&M.NS have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.