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    Mazda Limited

    Ahmedabad engineering equipment maker (anti-scaling, evaporation and pollution-control systems) diversified since 2006 into packaged food & beverages under the BCool brand.

    Capital Goods
    Industrials

    Overview

    Price

    Market Cap

    ₹433 Cr

    Sector

    Capital Goods

    Industrials

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital44444444
    Reserves128143160182208226231245
    Borrowings11010000
    Other Liabilities3424283828355266
    Total Liabilities167173192224240265287315
    AssetsFixed Assets3335357675747574
    CWIP17254000100
    Investments2840314378898265
    Other Assets89738610588101130175
    Total Assets167173192224240265287315

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-522208244311-19
    Cash from Investing104-20-5-15-30-924
    Cash from Financing-9-19-2-6-6-6-7-8
    SummaryCapital Expenditure
    Free Cash Flow-121010-719407-23
    FCF Margin

    Valuation

    Assumptions

    Current — MAZDA
    Price
    ₹234
    EPS (TTM)
    ₹12.10
    PE (TTM)
    19.3
    Profit growth
    -3.1%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (18.9×) and current (19.3×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹234
    vs
    Fair value · 15% return
    ₹79
    66%Overvalued

    At -3.1% growth and a 19× exit, ₹234 only delivers your return if you pay ₹79. The price is currently baking in 18% growth.

    EPS grows -3.1%/yr for 5 years, then fades to 6% over 2, exits at 19×.

    YearGrowthEPS (₹)
    FY27-3.1%11.72
    FY28-3.1%11.36
    FY29-3.1%11.01
    FY30-3.1%10.67
    FY31-3.1%10.34
    FY321.4% ·fade10.49
    FY336.0% ·fade11.12

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Mazda Limited

    Guides on how to read this kind of business and the numbers that matter.