Mazda Ltd

NSE: MAZDA BSE: 523792FMCG

Mazda Limited, incorporated in 1990, is engaged in the business of manufacturing Engineering goods like Vacuum Products, Evaporators, Pollution Control Equipments and Manufacturing of Food Products like Food colour, Various Fruit Jams & Fruit mix Powders etc. [1]

₹193

52W: ₹159 — ₹338

PE 14.4 · Book ₹117 · +65% vs book

Market Cap₹386 Cr

Stock P/E14.4Price to Earnings

ROCE15.2%Return on Capital

ROE11.2%Return on Equity

Div. Yield1.87%Face Value ₹2

Strengths

+Company is almost debt free.
+Company has been maintaining a healthy dividend payout of 23.5%

Weaknesses

−The company has delivered a poor sales growth of 1.47% over past five years.

Shareholding Pattern

Promoters48.58%

FIIs0.05%

DIIs0.05%

Public51.32%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	48.34%	48.52%▲0.2	48.52%	48.58%▲0.1	48.58%	48.58%	48.58%	48.58%
FIIs	0.21%	0.2%▼0.0	0.27%▲0.1	0.15%▼0.1	0.15%	0.08%▼0.1	0.13%▲0.1	0.05%▼0.1
DIIs	0.02%	0.02%	0.05%▲0.0	0.05%	0.05%	0.05%	0.05%	0.05%
Public	51.42%	51.24%▼0.2	51.16%▼0.1	51.21%▲0.1	51.21%	51.29%▲0.1	51.24%▼0.0	51.32%▲0.1

Financial Statements

Metric	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	62.71	53.97	57.55	36.17	56.79	46.78	53.52	49.63	50.84	47.39
Expenses	54.27	43.72	45.46	34.45	47.8	36.09	45.63	46.4	40.38	36.6
Operating Profit	8.44	10.25	12.09	1.72	8.99	10.69	7.89	3.23	10.46	10.79
OPM %	13.46%	18.99%	21.01%	4.76%	15.83%	22.85%	14.74%	6.51%	20.57%	22.77%
Net Profit	6.19	8.26	9.37	2.9	8.98	7.42	5.56	4.91	7.58	8.72
EPS ₹	3.1	4.13	4.68	1.45	4.49	3.71	2.78	2.45	3.79	4.35

AI Insights

Revenue Trend

TTM revenue at ₹201Cr, up 4.1% YoY. OPM at 16%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 0.05% (+0.03pp change). FIIs: 0.05% (-0.11pp change). Promoters hold 48.58%.

Margin & Efficiency

ROCE declining from 18% (Mar 2014) to 15% (Mar 2025). Working capital days: 111.

Valuation

PE 14.4x with 15.2% ROCE. Price is 65% above book value of ₹117. Dividend yield: 1.87%.