MAZDA

Mazda Limited

Mazda Limited (MAZDA) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Capital Goods›Industrial Manufacturing›Industrial Products

mazdalimited.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹293.95
Market cap
589 Cr
Stock P/E
19.7
P/B
2.36
Dividend yield
1.2%
ROE (FY26)
11.0%
ROCE (FY26)
15.0%
Operating margin (FY26)
14.3%
OCF / EBITDA (FY26)
-54.4%
OCF / EBITDA (3Y)
33.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Mazda runs two businesses from Ahmedabad, Gujarat: an Engineering Division, which earns most of its revenue, and a smaller Food Division.

Company snapshot

55thBy market cap

Ranked among 69 companies in Industrial Products.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 83.7% of revenue

SegmentRevenue shareRevenuePBTAssets
ENGINEERING DIVISION
83.7%
39 Cr14 Cr87 Cr
FOOD DIVISION
16.3%
8 Cr0.35 Cr58 Cr

What we see

Positives
  • ✓Interest coverage of 30.1x — earnings comfortably cover interest obligations.
Concerns
  • ✗Only 34% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales63 Cr54 Cr58 Cr36 Cr57 Cr47 Cr54 Cr50 Cr51 Cr47 Cr64 Cr80 Cr
Operating expenses (approx.)54 Cr44 Cr45 Cr34 Cr48 Cr36 Cr46 Cr46 Cr40 Cr37 Cr54 Cr73 Cr
EBITDA8 Cr10 Cr12 Cr2 Cr9 Cr11 Cr8 Cr3 Cr10 Cr11 Cr10 Cr7 Cr
OPM %13.5%19.0%21.0%4.8%15.8%22.8%14.7%6.5%20.6%22.8%15.6%9.1%
Other income1.00 Cr2 Cr2 Cr3 Cr4 Cr0.20 Cr0.92 Cr4 Cr0.82 Cr2 Cr0.12 Cr4 Cr
Interest0.10 Cr0.11 Cr0.14 Cr0.15 Cr0.07 Cr0.21 Cr0.10 Cr0.16 Cr0.25 Cr0.28 Cr0.32 Cr0.18 Cr
Depreciation1.00 Cr1 Cr1 Cr0.96 Cr0.97 Cr0.98 Cr0.98 Cr1 Cr1 Cr1 Cr1 Cr1 Cr
Profit before tax8 Cr11 Cr13 Cr4 Cr12 Cr10 Cr8 Cr6 Cr10 Cr11 Cr9 Cr10 Cr
Tax %25.7%24.2%27.3%22.8%24.1%23.5%28.1%22.3%24.1%22.7%28.1%23.7%
Net profit6 Cr8 Cr9 Cr3 Cr9 Cr7 Cr6 Cr5 Cr8 Cr9 Cr6 Cr7 Cr
EPS (₹)₹15.46₹20.63₹23.39₹7.23₹22.42₹3.71₹2.77₹2.45₹3.79₹4.36₹3.14₹3.66

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales120 Cr109 Cr138 Cr180 Cr152 Cr165 Cr192 Cr225 Cr193 Cr212 CrSign in free for the trailing twelve months
Operating expenses (approx.)106 Cr95 Cr119 Cr155 Cr129 Cr137 Cr154 Cr186 Cr163 Cr178 CrSign in free for the trailing twelve months
EBITDA13 Cr14 Cr19 Cr25 Cr24 Cr28 Cr37 Cr40 Cr30 Cr34 CrSign in free for the trailing twelve months
OPM %11.0%12.9%13.6%14.0%15.6%16.7%19.4%17.6%15.5%16.3%Sign in free for the trailing twelve months
Other income5 Cr4 Cr3 Cr2 Cr2 Cr3 Cr2 Cr7 Cr7 Cr7 CrSign in free for the trailing twelve months
Interest0.47 Cr0.59 Cr0.75 Cr0.94 Cr0.71 Cr0.67 Cr0.63 Cr0.54 Cr0.54 Cr1 CrSign in free for the trailing twelve months
Depreciation3 Cr3 Cr3 Cr3 Cr3 Cr2 Cr3 Cr4 Cr4 Cr4 CrSign in free for the trailing twelve months
Profit before tax15 Cr14 Cr19 Cr22 Cr22 Cr28 Cr36 Cr42 Cr33 Cr36 CrSign in free for the trailing twelve months
Tax %13.6%28.7%23.9%25.8%26.1%23.2%25.5%24.6%24.7%24.3%Sign in free for the trailing twelve months
Net profit13 Cr10 Cr14 Cr17 Cr16 Cr21 Cr27 Cr32 Cr25 Cr28 CrSign in free for the trailing twelve months
EPS (₹)₹30.34₹24.18₹33.11₹41.46₹40.77₹53.04₹66.48₹78.70₹12.41₹13.74Sign in free for the trailing twelve months
Dividend payout %————6.1%20.7%18.2%17.8%25.8%26.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr
Reserves114 Cr120 Cr130 Cr128 Cr143 Cr160 Cr182 Cr208 Cr226 Cr245 Cr
Borrowings2 Cr3 Cr2 Cr0.52 Cr0.49 Cr—————
Other liabilities20 Cr24 Cr37 Cr35 Cr25 Cr28 Cr38 Cr28 Cr35 Cr66 Cr
Total liabilities141 Cr151 Cr173 Cr167 Cr173 Cr192 Cr224 Cr240 Cr265 Cr315 Cr
Fixed assets (net)29 Cr31 Cr31 Cr31 Cr34 Cr31 Cr72 Cr71 Cr71 Cr71 Cr
CWIP4 Cr4 Cr8 Cr17 Cr25 Cr40 Cr0.46 Cr0 Cr1 Cr0.01 Cr
Investments47 Cr57 Cr43 Cr28 Cr40 Cr34 Cr46 Cr81 Cr92 Cr68 Cr
Loans & advances——0.02 Cr0.03 Cr0.03 Cr0.04 Cr0.07 Cr0.08 Cr0.10 Cr0.15 Cr
Inventories18 Cr20 Cr37 Cr38 Cr29 Cr35 Cr53 Cr36 Cr44 Cr98 Cr
Trade receivables23 Cr25 Cr30 Cr33 Cr32 Cr42 Cr37 Cr33 Cr41 Cr59 Cr
Cash & bank3 Cr6 Cr2 Cr9 Cr7 Cr4 Cr8 Cr14 Cr9 Cr7 Cr
Other assets17 Cr9 Cr22 Cr11 Cr7 Cr5 Cr8 Cr5 Cr7 Cr11 Cr
Total assets141 Cr151 Cr173 Cr167 Cr173 Cr192 Cr224 Cr240 Cr265 Cr315 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity7 Cr14 Cr-5 Cr22 Cr20 Cr8 Cr24 Cr43 Cr11 Cr-19 Cr
Cash from investing-10 Cr-7 Cr10 Cr4 Cr-20 Cr-5 Cr-15 Cr-30 Cr-9 Cr24 Cr
Cash from financing-4 Cr-4 Cr-9 Cr-19 Cr-2 Cr-6 Cr-6 Cr-6 Cr-7 Cr-8 Cr
Net cash flow-7 Cr3 Cr-4 Cr7 Cr-2 Cr-3 Cr3 Cr6 Cr-5 Cr-3 Cr
Free cash flow (OCF − Capex)-8 Cr13 Cr-12 Cr10 Cr10 Cr-7 Cr19 Cr40 Cr7 Cr-23 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %12.8%11.8%14.2%17.7%15.4%17.3%19.6%19.9%14.6%15.0%
ROE %11.0%8.3%10.5%12.6%11.1%13.0%14.3%14.9%10.8%11.0%
Debtor days698380677592705477101
Inventory days117131159135139149179132167266
Days payable71929867586762525960
Cash conversion cycle115122140136156174186134184307
OCF / EBITDA %55.9%96.9%-27.1%88.9%84.3%30.5%63.5%108.2%36.9%-54.4%
OCF / EBITDA % (3 years)——34.4%53.2%55.1%66.4%58.8%71.8%72.7%33.9%
Debt / equity0.020.020.010.00390.0033—————
Current ratio4.784.753.493.194.524.474.256.826.444.08
Net debt / EBITDA-0.08-0.22-0.0026-0.34-0.28-0.16-0.21-0.35-0.32-0.20