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Mazda Limited (MAZDA.NS)

INR238.72 +4.91 (+2.10%)
IN NSE Industrials Industrial - Machinery
Address Mazda House 380006
Ahmedabad, IN
CEO Cyrus Jimmy Bhagwagar
IPO 2016-11-02
ISIN INE885E01042

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Also trades on Bombay Stock Exchange · MAZDA.BO (INR) Bombay Stock Exchange · MAZDALTD.BO (INR) National Stock Exchange of India · MAZDA.NS (INR)
Description

Established in 1990 and headquartered in Ahmedabad, India, Mazda Limited operates as a versatile engineering company, complemented by a Food Division. Its primary Engineering Division offers an extensive portfolio of specialized industrial equipment. This includes a comprehensive range of vacuum systems, such as steam jet boosters, various air, liquid, vapor, and gas jet ejectors, thermocompressors, and advanced combination vacuum systems integrating steam jet ejectors with either liquid ring or liquid jet vacuum pumps. The offerings further extend to steam and liquid jet liquid ejectors, steam jet liquid heaters and mixers, single/double-stage liquid ring vacuum pumps, and cutting-edge hotshot mechanical automatic pumps. Mazda Limited also fabricates diverse evaporator technologies, encompassing falling/rising film, forced circulation, and combination-type evaporators. Its product lineup includes OSLO crystallizers, pilot plants, agitated thin film dryers, and stripper systems. Additionally, the company provides chilling solutions, specifically vapor absorption machines (which also function as heat pumps) and chiller vector systems. A significant part of its engineering output comprises a full spectrum of heat transfer products. These solutions feature various condensing systems like steam surface, steam jet air ejector, gland vent, and dump condensers, along with feed water heaters, oil coolers, shell and tube heat exchangers, flash tanks, and pressure vessels. Furthermore, Mazda addresses environmental concerns by supplying air pollution control equipment, including jet venturi fume, high energy fume, and packed tower scrubbers. Beyond its engineering endeavors, the company also deals in food products through its dedicated Food Division. With a notable international footprint, Mazda exports its wide array of products to approximately 40 countries across the globe, including major markets in the United States and Europe. The company serves an extensive client base across numerous industrial sectors, such as chemicals and pesticides, pharmaceuticals, dyes and intermediates, edible oil refining, ethylene-glycol fluid production, fertilizers, petroleum refining, petrochemicals, power generation, steel manufacturing, and vegetable oil processing.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR238.72 +4.91 (+2.10%)
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Volume Profile
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Liquidity & share structure
Average Volume
25.5K
Beta
-0.13
Float Shares
11.68M
Free Float %
58.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-4.83% +2.96% -3.46% +5.48% -12.52% -6.06% -24.19% +5.28% +82.95% +182.13% +182.13%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
238.72
DCF (Unlevered) 144.80 -39.3%
DCF (Levered) 117.77 -50.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
5.54
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Industrial - Machinery: +7.4%
    +9.7% Q1'26: +19.9% (vs Q1'25)
  • EPS growth Industrial - Machinery: +15.6%
    +10.7% Q1'26: +13.4% (vs Q1'25)
  • FCF margin FCF growth · Industrial - Machinery: +38.2%
    -12.3% Q1'26: -9.9% (vs Q1'25)
  • EBIT margin Industrial - Machinery: +10.0%
    +14.3% Q1'26: +13.9% (vs Q1'25)
  • ROIC Industrial - Machinery: +6.8%
    +12.8% Q1'26: +14.3% (vs Q1'25)
  • Share dilution Industrial - Machinery: +0.0%
    0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×
    0.00× Q1'26: 0.00× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.31) × ERP
WACC = 100% × Ke + 0% × Kd (4.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 98.27 Current price: 238.72
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2013
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Mar 2031
1 Rev. Ana.
1 EPS Ana.
Revenue
1.21B
est: 1.23B (-1.9%)
1.18B
est: 1.21B (-3.0%)
1.22B
est: 1.27B (-3.7%)
1.10B
est: 1.24B (-11.3%)
1.07B
est: 1.21B (-11.9%)
1.37B
est: 1.18B (+16.1%)
1.79B
est: 1.92B (-6.9%)
1.52B
est: 2.23B (-31.8%)
1.64B
est: 3.01B (-45.6%)
1.90B
est: 4.06B (-53.3%)
1.93B
est: 1.27B (+52.5%)
1.27B
1.27B – 1.27B
+0.0% YoY
1.24B
1.24B – 1.24B
-1.8% YoY
1.21B
1.21B – 1.21B
-2.4% YoY
1.18B
1.18B – 1.18B
-3.2% YoY
1.92B
1.92B – 1.92B
+63.2% YoY
2.23B
2.23B – 2.23B
+16.0% YoY
EBITDA
202.24M
est: 234.38M (-13.7%)
172.89M
est: 231.31M (-25.3%)
186.24M
est: 216.47M (-14.0%)
180.57M
est: 237.16M (-23.9%)
180.85M
est: 231.38M (-21.8%)
216.42M
est: 224.04M (-3.4%)
260.78M
est: 365.67M (-28.7%)
237.19M
est: 424.18M (-44.1%)
307.19M
est: 390.81M (-21.4%)
394.47M
est: 778.01M (-49.3%)
374.29M
est: 241.43M (+55.0%)
241.43M
241.43M – 241.43M
+0.0% YoY
237.16M
237.16M – 237.16M
-1.8% YoY
231.38M
231.38M – 231.38M
-2.4% YoY
224.04M
224.04M – 224.04M
-3.2% YoY
365.67M
365.67M – 365.67M
+63.2% YoY
424.18M
424.18M – 424.18M
+16.0% YoY
EBIT
178.62M
est: 212.16M (-15.8%)
161.16M
est: 209.38M (-23.0%)
169.42M
est: 218.54M (-22.5%)
149.88M
est: 214.67M (-30.2%)
145.33M
est: 209.45M (-30.6%)
186.99M
est: 202.80M (-7.8%)
226.22M
est: 331.00M (-31.7%)
204.50M
est: 383.96M (-46.7%)
283.21M
est: 339.38M (-16.6%)
363.52M
est: 704.26M (-48.4%)
335.43M
est: 218.54M (+53.5%)
218.54M
218.54M – 218.54M
+0.0% YoY
214.67M
214.67M – 214.67M
-1.8% YoY
209.45M
209.45M – 209.45M
-2.4% YoY
202.80M
202.80M – 202.80M
-3.2% YoY
331.00M
331.00M – 331.00M
+63.2% YoY
383.96M
383.96M – 383.96M
+16.0% YoY
Net Income
123.66M
est: 632.44M (-80.4%)
112.29M
est: 500.63M (-77.6%)
120.37M
est: 622.78M (-80.7%)
118.90M
est: 705.48M (-83.1%)
102.96M
est: 612.36M (-83.2%)
140.97M
est: 535.47M (-73.7%)
166.45M
est: 870.69M (-80.9%)
163.29M
est: 1.03B (-84.2%)
212.44M
est: 260.85M (-18.6%)
266.26M
est: 1.52B (-82.4%)
248.54M
est: 124.53M (+99.6%)
124.53M
124.53M – 124.53M
+0.0% YoY
141.07M
141.07M – 141.07M
+13.3% YoY
122.45M
122.45M – 122.45M
-13.2% YoY
107.07M
107.07M – 107.07M
-12.6% YoY
174.10M
174.10M – 174.10M
+62.6% YoY
206.18M
206.18M – 206.18M
+18.4% YoY
SGA
106.52M
est: 60.37M (+76.4%)
134.93M
est: 59.58M (+126.5%)
49.41M
est: 62.19M (-20.5%)
72.59M
est: 61.09M (+18.8%)
58.20M
est: 59.60M (-2.4%)
54.58M
est: 57.71M (-5.4%)
50.02M
est: 94.19M (-46.9%)
39.35M
est: 109.26M (-64.0%)
46.31M
est: 293.25M (-84.2%)
45.84M
est: 200.41M (-77.1%)
282.08M
est: 62.19M (+353.6%)
62.19M
62.19M – 62.19M
+0.0% YoY
61.09M
61.09M – 61.09M
-1.8% YoY
59.60M
59.60M – 59.60M
-2.4% YoY
57.71M
57.71M – 57.71M
-3.2% YoY
94.19M
94.19M – 94.19M
+63.2% YoY
109.26M
109.26M – 109.26M
+16.0% YoY
EPS
5.81
est: 31.58 (-81.6%)
5.27
est: 25.00 (-78.9%)
5.65
est: 31.10 (-81.8%)
6.07
est: 35.23 (-82.8%)
4.84
est: 30.58 (-84.2%)
6.62
est: 26.74 (-75.2%)
8.29
est: 43.48 (-80.9%)
8.15
est: 51.49 (-84.2%)
10.61
est: 62.26 (-83.0%)
13.30
est: 75.29 (-82.3%)
12.41
est: 6.22 (+99.5%)
6.22
6.22 – 6.22
+0.0% YoY
7.05
7.05 – 7.05
+13.3% YoY
6.12
6.12 – 6.12
-13.2% YoY
5.35
5.35 – 5.35
-12.6% YoY
8.70
8.70 – 8.70
+62.6% YoY
10.30
10.30 – 10.30
+18.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-27 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-26 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-25 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-22 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-21 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-20 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-19 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-18 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-15 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-14 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-13 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-12 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-11 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-08 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-07 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-06 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-05 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-04 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-30 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-29 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-28 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-27 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-24 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-23 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-22 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-20 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-17 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-16 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-82.96M
OE per share TTM
-4.15
Owner's Yield
-1.99%
Maintenance CapEx ratio
67.01%
Maint CapEx / Avg PPE
35.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.30M
Shares Outstanding
20.03M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Shanaya S. Mody Khatua Promoter & Whole-Time Director 30M female
Percy Xerex Avari Mech. Engg. Promoter & Whole-Time Executive Director 24M male
Cyrus Jimmy Bhagwagar Chief Financial Officer male
Nishith Chandrakant Kayasth Compliance Officer & Company Secretary male
Pradip Panchal Sales Head of Engineering male
Prashant Desai Sales Head of Engineering male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits