Mazda Limited
NSE: MAZDA · Industrial Products · sector
₹257.05NSE close 2026-10-26
Key numbers
Market cap₹515 cr
Price₹257.05
52w high / low₹329 / ₹159
P/E17.2xSector median 24.2x
P/B2.1xSector median 2.8x
Book value₹124.5
Dividend yield1.40%Sector median 0.50%
ROE12.5%Sector median 11.5%
ROCE16.3%Sector median 13.4%
OPM15.9%Sector median 10.3%
Debt / equity0.00xSector median 0.17x
EV/EBITDA11.5xSector median 16.7x
Interest cover39.3x
Current ratio4.08x
Sales growth 3y+3.5%Sector median +10.2%
Profit growth 3y+1.1%Sector median +12.8%
PEG15.62x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹70 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 39.3x in the last 12 months.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY23, FY22).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 21% of net profit in the last 12 months.
- Debtor days went from 54 (FY24) to 102 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹257.05 on 2026-10-26: -21.9% from the 52-week high, +61.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹321.35 · low ₹171.78
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 57 | 47 | 54 | 50 | 51 | 47 | 64 | 80 |
| EBITDA | 9 | 11 | 8 | 3 | 10 | 11 | 10 | 7 |
| OPM % | 15.8% | 22.8% | 14.7% | 6.5% | 20.6% | 22.8% | 15.6% | 9.1% |
| Other income | 4 | 0 | 1 | 4 | 1 | 2 | 0 | 4 |
| Net profit | 9 | 7 | 6 | 5 | 8 | 9 | 6 | 7 |
| EPS (₹) | 4.48 | 0.74 | 2.77 | 2.45 | 3.79 | 4.36 | 3.14 | 3.66 |
| Revenue YoY | -10.5% | +1.3% | +19.9% | +61.9% | ||||
| Profit YoY | -15.6% | +17.5% | +13.1% | +49.3% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 165 | 192 | 225 | 193 | 212 | 243 |
| EBITDA | 28 | 37 | 40 | 30 | 34 | 39 |
| Net profit | 21 | 27 | 32 | 25 | 28 | 30 |
| EPS (₹) | 10.61 | 13.30 | 15.74 | 12.41 | 13.74 | 14.95 |
| Revenue growth | +16.1% | +17.7% | -14.3% | +9.7% | +17.4% | |
| Profit growth | +25.4% | +18.4% | -21.2% | +10.7% | +11.4% | |
| Dividend / share (₹) | 11.00 | 12.10 | 14.00 | 16.00 | 3.60 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.5% | +6.8% | +17.4% |
| Net profit | +1.1% | +11.0% | +11.4% |
| EPS | +1.1% | +11.0% | – |
| Share price | – | +3.3% (2y) | -4.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 186 | 212 | 230 | 249 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 50 | 90 | 97 | 70 |
| Total assets | – | 224 | 240 | 265 | 315 |
| Fixed assets | – | 72 | 71 | 71 | 71 |
| Capital work in progress | – | 0 | 0 | 1 | 0 |
| Investments | – | 1 | 2 | 2 | 2 |
| Receivables | – | 37 | 33 | 41 | 59 |
| Inventory | – | 53 | 36 | 44 | 98 |
| Payables | – | 18 | 14 | 16 | 22 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 8 | 24 | 43 | 11 | -19 |
| Cash from investing | -5 | -15 | -30 | -9 | 24 |
| Cash from financing | -6 | -6 | -6 | -7 | -8 |
| Capex | 16 | 5 | 3 | 4 | 4 |
| Free cash flow | -7 | 19 | 40 | 7 | -23 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 14.3% | 14.9% | 10.8% | 11.0% |
| ROCE % | – | 19.6% | 19.9% | 14.6% | 15.0% |
| Debtor days | – | 70 | 54 | 77 | 102 |
| Inventory days | – | 208 | 113 | 178 | 394 |
| Payable days | – | 73 | 44 | 63 | 89 |
| Cash conversion cycle (days) | – | 205 | 123 | 192 | 407 |
| Working capital days | – | 211 | 223 | 294 | 307 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 48.71% |
| FIIs | 0.15% |
| DIIs | 0.05% |
| Public (non-institutions) | 51.08% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 48.52% | 48.58% | 48.58% | 48.58% | 48.58% | 48.58% | 48.67% | 48.71% |
| Promoter group | % |
|---|---|
| Shanaya Mody Khatua | 31.56% |
| Percy Xerex Avari | 10.26% |
| Sheila Sorab Mody | 6.88% |
| Katty X Avari | 0.00% |
| Xerxis D Avari | 0.00% |
| Public holders above 1% | % |
|---|---|
| Croll Reynolds International Inc | 3.61% |
| Sharad Kanayalal Shah | 3.06% |
| Sharmin Nasser | 2.52% |
| Dorabjee And Company Private Limited | 1.57% |
| Nilesh Hastimal Shah | 1.06% |
13,009 shareholders. Pledged: – of promoter shares.
Peers in Industrial Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDOMIM | ₹52,085 cr | – | – | – | – | – | – | – |
| CPPLUS | ₹45,577 cr | 94.7x | 24.3x | 25.5% | 33.3% | 14.5% | – | 0.04% |
| SYRMA | ₹28,803 cr | 77.7x | 10.1x | 17.4% | 17.6% | 11.1% | +33.0% | 0.10% |
| HONAUT | ₹27,500 cr | 50.1x | 6.2x | 13.0% | 16.9% | 13.3% | +10.7% | 0.34% |
| KAYNES | ₹22,167 cr | 64.0x | 4.7x | 9.1% | 11.1% | 15.5% | +47.7% | – |
| JYOTICNC | ₹20,523 cr | 63.8x | 10.3x | 17.4% | 18.5% | 24.4% | – | – |
| LMW | ₹17,267 cr | 84.2x | 5.7x | 7.0% | 9.3% | 7.1% | -12.1% | 0.19% |
| TEGA | ₹12,752 cr | 447.9x | 3.7x | 0.9% | 4.5% | 7.5% | +11.7% | 0.11% |
| LLOYDSENGG | ₹12,248 cr | 48.1x | 7.3x | 14.1% | 15.1% | 14.2% | +60.9% | 0.27% |
| MAZDA | ₹515 cr | 17.2x | 2.1x | 12.5% | 16.3% | 15.9% | +3.5% | 1.40% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| ENGINEERING DIVISION | ₹176 cr | 83.2% | ₹46 cr | 25.8% |
| FOOD DIVISION | ₹36 cr | 16.8% | ₹4 cr | 11.3% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-04 | Dividend | Dividend - Rs 4 Per Share |
| 2025-09-04 | Dividend | Dividend - Rs 3.60 Per Share |
| 2025-01-28 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
| 2024-08-22 | Other | Annual General Meeting |
| 2024-08-22 | Dividend | Dividend - Rs 16 Per Share |
| 2023-09-07 | Dividend | Annual General Meeting/Dividend - Rs 14 Per Share |
| 2022-09-14 | Other | Annual General Meeting |
| 2022-09-14 | Dividend | Dividend - Rs 12.10 Per Share |
| 2021-09-08 | Dividend | Annual General Meeting/Dividend - Rs 11 Per Share |
| 2020-09-16 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2020-02-20 | Dividend | Interim Dividend - Rs 7.5 Per Share |
| 2019-09-12 | Dividend | Annual General Meeting/Dividend - Rs 9 Per Share |
| 2018-08-14 | Dividend | Annual General Meeting/Dividend Rs 8.10 Per Share |
| 2017-08-23 | Dividend | Annual General Meeting/Dividend - Rs 7.30 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Industrial Products |
| Sub-industry | Industrial Products |
| Symbol | MAZDA |
| BSE code | 523792 |
| ISIN | INE885E01042 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.