Not M&M: 2 Mahindra Group stocks yield over 3%. One pays you to wait, one compounds

Two Mahindra Group companies, other than Mahindra & Mahindra. Almost no borrowings between them. Both hand back most of what they earn. But one pays out 94% of its profit while growing that profit at 2% a year, and the other has just watched a five-week rally eat into its yield. The payout ratio is quietly telling you what each management expects next.