TORNTPOWER.NS vs. M&M.NS

Last updated Jun 5, 2026

TORNTPOWER.NS (Torrent Power Limited) and M&M.NS (Mahindra & Mahindra Limited) are both stocks. TORNTPOWER.NS operates in Utilities - Independent Power Producers (Utilities), while M&M.NS operates in Auto Manufacturers (Consumer Cyclical). Over the past 10 years, TORNTPOWER.NS returned 26.04%/yr vs 16.84%/yr for M&M.NS. At a 0.25 correlation, their price movements are largely independent.

Performance

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

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Torrent Power Limited (TORNTPOWER.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, TORNTPOWER.NS achieves a 11.34% return, which is significantly higher than M&M.NS's -18.69% return. Over the past 10 years, TORNTPOWER.NS has outperformed M&M.NS with an annualized return of 26.04%, while M&M.NS has yielded a comparatively lower 16.84% annualized return.

TORNTPOWER.NS

• 1D: 0.23%
• 1M: -16.49%
• YTD: 11.34%
• 6M: 12.79%
• 1Y: 3.33%
• 3Y*: 36.71%
• 5Y*: 30.27%
• 10Y*: 26.04%

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TORNTPOWER.NS Torrent Power Limited	11.34%	-10.78%	61.12%	99.30%	-9.47%	79.48%	15.84%	10.72%	-5.79%	60.10%
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 TORNTPOWER.NS and M&M.NS is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Nov 29, 2006	0.25

Return for Risk

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

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

TORNTPOWER.NS

TORNTPOWER.NS Risk / Return Rank: 42
TORNTPOWER.NS Sharpe Ratio Rank: 45
TORNTPOWER.NS Sortino Ratio Rank: 39
TORNTPOWER.NS Omega Ratio Rank: 39
TORNTPOWER.NS Calmar Ratio Rank: 44
TORNTPOWER.NS Martin Ratio Rank: 44

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.

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

This table presents a comparison of risk-adjusted performance metrics for Torrent Power Limited (TORNTPOWER.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.

	TORNTPOWER.NS	M&M.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.10	-0.02	+0.11
Sortino ratio: Return per unit of downside risk	0.34	0.17	+0.17
Omega ratio: Gain probability vs. loss probability	1.04	1.02	+0.02
Calmar ratio: Return relative to maximum drawdown	0.14	-0.02	+0.16
Martin ratio: Return relative to average drawdown	0.27	-0.04	+0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current TORNTPOWER.NS Sharpe Ratio is 0.10, which is higher than the M&M.NS Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of TORNTPOWER.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

	TORNTPOWER.NS	M&M.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	-0.02	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	1.15	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.57	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.19	+0.26

Drawdowns

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

The maximum TORNTPOWER.NS drawdown since its inception was -79.97%, smaller than the maximum M&M.NS drawdown of -94.09%. Use the drawdown chart below to compare losses from any high point for TORNTPOWER.NS and M&M.NS.

Drawdown Indicators

	TORNTPOWER.NS	M&M.NS	Difference
Max Drawdown Largest peak-to-trough decline	-79.97%	-94.09%	+14.12%
Max Drawdown (1Y) Largest decline over 1 year	-20.33%	-22.91%	+2.58%
Max Drawdown (3Y) Largest decline over 3 years	-38.31%	-22.91%	-15.40%
Max Drawdown (5Y) Largest decline over 5 years	-38.31%	-28.09%	-10.22%
Max Drawdown (10Y) Largest decline over 10 years	-38.31%	-72.28%	+33.97%
Current Drawdown Current decline from peak	-25.20%	-20.68%	-4.52%
Average Drawdown Average peak-to-trough decline	-28.80%	-31.10%	+2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.58%	9.68%	+0.90%

Volatility

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

Torrent Power Limited (TORNTPOWER.NS) has a higher volatility of 12.27% compared to Mahindra & Mahindra Limited (M&M.NS) at 6.92%. This indicates that TORNTPOWER.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

	TORNTPOWER.NS	M&M.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.27%	6.92%	+5.35%
Volatility (6M) Calculated over the trailing 6-month period	25.63%	21.45%	+4.18%
Volatility (1Y) Calculated over the trailing 1-year period	30.08%	26.75%	+3.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.96%	27.81%	+8.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.00%	30.40%	+4.60%

Dividends

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

TORNTPOWER.NS's dividend yield for the trailing twelve months is around 1.39%, more 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%
TORNTPOWER.NS Torrent Power Limited	1.04%	1.45%	1.08%	2.78%	1.83%	1.99%	3.65%	1.76%	1.91%	0.78%	2.51%	0.86%

Financials

Frequently Asked Questions

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

TORNTPOWER.NS and M&M.NS have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.