SUZLON.NS vs. M&M.NS

Last updated Jun 5, 2026

SUZLON.NS (Suzlon Energy Limited) and M&M.NS (Mahindra & Mahindra Limited) are both stocks. SUZLON.NS operates in Specialty Industrial Machinery (Industrials), while M&M.NS operates in Auto Manufacturers (Consumer Cyclical). Over the past 10 years, SUZLON.NS returned 13.63%/yr vs 16.84%/yr for M&M.NS. At a 0.28 correlation, their price movements are largely independent.

Performance

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

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Suzlon Energy Limited (SUZLON.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, SUZLON.NS achieves a 5.60% return, which is significantly higher than M&M.NS's -18.69% return. Over the past 10 years, SUZLON.NS has underperformed M&M.NS with an annualized return of 13.63%, while M&M.NS has yielded a comparatively higher 16.84% annualized return.

SUZLON.NS

• 1D: 2.24%
• 1M: 1.18%
• YTD: 5.60%
• 6M: 7.42%
• 1Y: -16.62%
• 3Y*: 69.61%
• 5Y*: 49.90%
• 10Y*: 13.63%

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SUZLON.NS Suzlon Energy Limited	5.60%	-15.35%	62.88%	260.38%	3.92%	59.38%	245.95%	-65.74%	-65.27%	12.68%
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%

Correlation

The correlation between SUZLON.NS and M&M.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	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Oct 20, 2005	0.28

Return for Risk

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

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

SUZLON.NS

SUZLON.NS Risk / Return Rank: 22
SUZLON.NS Sharpe Ratio Rank: 19
SUZLON.NS Sortino Ratio Rank: 18
SUZLON.NS Omega Ratio Rank: 19
SUZLON.NS Calmar Ratio Rank: 28
SUZLON.NS Martin Ratio Rank: 28

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.

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

This table presents a comparison of risk-adjusted performance metrics for Suzlon Energy Limited (SUZLON.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.

	SUZLON.NS	M&M.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	-0.02	-0.50
Sortino ratio: Return per unit of downside risk	-0.62	0.17	-0.78
Omega ratio: Gain probability vs. loss probability	0.93	1.02	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.39	-0.02	-0.38
Martin ratio: Return relative to average drawdown	-0.72	-0.04	-0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current SUZLON.NS Sharpe Ratio is -0.52, which is lower than the M&M.NS Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of SUZLON.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

	SUZLON.NS	M&M.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.52	-0.02	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	1.15	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.57	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.19	-0.26

Drawdowns

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

The maximum SUZLON.NS drawdown since its inception was -99.61%, which is greater than M&M.NS's maximum drawdown of -94.09%. Use the drawdown chart below to compare losses from any high point for SUZLON.NS and M&M.NS.

Drawdown Indicators

	SUZLON.NS	M&M.NS	Difference
Max Drawdown Largest peak-to-trough decline	-99.61%	-94.09%	-5.52%
Max Drawdown (1Y) Largest decline over 1 year	-42.07%	-22.91%	-19.16%
Max Drawdown (3Y) Largest decline over 3 years	-53.29%	-22.91%	-30.38%
Max Drawdown (5Y) Largest decline over 5 years	-53.29%	-28.09%	-25.20%
Max Drawdown (10Y) Largest decline over 10 years	-91.76%	-72.28%	-19.48%
Current Drawdown Current decline from peak	-87.74%	-20.68%	-67.06%
Average Drawdown Average peak-to-trough decline	-83.23%	-31.10%	-52.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.94%	9.68%	+13.26%

Volatility

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

Suzlon Energy Limited (SUZLON.NS) has a higher volatility of 10.74% compared to Mahindra & Mahindra Limited (M&M.NS) at 6.92%. This indicates that SUZLON.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

	SUZLON.NS	M&M.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.74%	6.92%	+3.82%
Volatility (6M) Calculated over the trailing 6-month period	25.54%	21.45%	+4.09%
Volatility (1Y) Calculated over the trailing 1-year period	31.95%	26.75%	+5.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.09%	27.81%	+23.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.56%	30.40%	+26.16%

Dividends

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

SUZLON.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%
SUZLON.NS Suzlon Energy 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 SUZLON.NS and M&M.NS in my portfolio?

SUZLON.NS and M&M.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.