Mazda share price & results
- Jun 2026
- Sept 2026
Ahmedabad engineering equipment maker (anti-scaling, evaporation and pollution-control systems) diversified since 2006 into packaged food & beverages under the BCool brand.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 80.3 | +61.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 9.1 | +2.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 7.3 | +49.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 12.49 | +0.4 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -10.94 | −14.7 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 17.43 | +24.1 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −1.2% 1Y
1Y: ₹279.45 on 24 Oct 2025 → ₹276. High ₹320.45 (14 Oct 2026), low ₹161.12 (30 Mar 2026).
- Previous close
- ₹257.05
- Market cap
- ₹536 Cr
- 52-week range
- ₹161.12 – ₹320.45
- One year
- −1.38%
- Price to earnings (TTM to Jun 2026)
- 17.91×
- Return on equity (TTM to Jun 2026)
- 12.49%
Overview
- Symbol
- NSE:MAZDA
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Mazda Limited does
Based on the company's own presentations, annual report and earnings calls.
Mazda Limited runs two segments: an Engineering business making industrial process and environmental equipment such as the Smart Rod System (non-chemical anti-scaling/descaling), and a Food Division built around its BCool flavoured-drinks brand, now expanding into ready-to-eat products. The Engineering segment is developing MVR/TVR-based evaporation systems (patent applied), 'High Gravity' scrubber/stripper technology for CO2/SO2/NH3 capture, and chemical-free Cleaning-in-Place systems for dairy. The Food Division exports BCool to over ten countries, mainly in the Middle East and Africa, while also building out its domestic Indian sales network.
Segments
- Engineering
- Food (FMCG)
- Business segments
- 2 (Engineering; Food/FMCG)
- Export footprint (BCool brand)
- 10+ countries (Middle East & Africa)
- Engineering business vintage
- Since 1990 (35 years)
- Food division vintage
- Since 2006 (19 years)
- Engineering R&D pipeline
- 3 new platforms in development (MVR/TVR evaporation, High-Gravity scrubber/stripper, chemical-free CIP)
- Key overseas engineering client
- Croll Reynolds International Inc. (USA)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +49% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 57 | 47 | 54 | 50 | 51 | 47 | 64 | 80 |
| Expenses | 48 | 36 | 46 | 46 | 40 | 37 | 54 | 73 |
| Operating profit | 9 | 11 | 8 | 3 | 10 | 11 | 10 | 7 |
| Operating margin | 15.8% | 22.9% | 14.7% | 6.5% | 20.6% | 22.8% | 15.6% | 9.1% |
| Other income | 4 | 0 | 1 | 4 | 1 | 2 | 0 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 12 | 10 | 8 | 6 | 10 | 11 | 9 | 10 |
| Tax rate | 24.1% | 23.5% | 28.1% | 22.3% | 24.2% | 22.7% | 28.1% | 23.8% |
| Net profit | 9 | 7 | 6 | 5 | 8 | 9 | 6 | 7 |
| EPS (₹ per share) | 4.49 | 3.71 | 2.78 | 2.45 | 3.79 | 4.35 | 3.14 | 3.66 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 192 | 225 | 193 | 212 |
| Expenses | 154 | 186 | 164 | 178 |
| Operating profit | 37 | 40 | 29 | 34 |
| Other income | 2 | 7 | 8 | 7 |
| Interest | 1 | 1 | 1 | 1 |
| Depreciation | 3 | 4 | 4 | 4 |
| Profit before tax | 36 | 42 | 33 | 36 |
| Net profit | 27 | 32 | 25 | 28 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 160 | 182 | 208 | 226 | 231 | 245 |
| Borrowings | 0 | 1 | 0 | 0 | 0 | 0 |
| Other liabilities | 28 | 38 | 28 | 35 | 52 | 66 |
| Total liabilities | 192 | 224 | 240 | 265 | 287 | 315 |
| Fixed assets | 35 | 76 | 75 | 74 | 75 | 74 |
| Capital work in progress | 40 | 0 | 0 | 1 | 0 | 0 |
| Investments | 31 | 43 | 78 | 89 | 82 | 65 |
| Other assets | 86 | 105 | 88 | 101 | 130 | 175 |
| Total assets | 192 | 224 | 240 | 265 | 287 | 315 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 20 | 8 | 24 | 43 | 11 | -19 |
| Cash from investing | -20 | -5 | -15 | -30 | -9 | 24 |
| Cash from financing | -2 | -6 | -6 | -6 | -7 | -8 |
| Net cash flow | -2 | -3 | 3 | 6 | -5 | -3 |
| Free cash flow | 10 | -7 | 19 | 40 | 7 | -23 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 76 | 92 | 70 | 54 | 77 | 102 |
| Inventory days | 131 | 156 | 208 | 113 | 178 | 394 |
| Days payable | 55 | 70 | 73 | 44 | 63 | 89 |
| Cash conversion cycle | 152 | 178 | 205 | 122 | 191 | 407 |
| Working capital days | 94 | 118 | 116 | 78 | 111 | 187 |
| Return on capital employed | 16.0% | 18.0% | 21.0% | 21.0% | 15.0% | 16.0% |
| Dividend payout | 27.0% | 23.0% | 21.0% | 20.0% | 29.0% | 29.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
ENGINEERING DIVISION contributes 83.9% of reported segment revenue.
Quarter ended 30 Jun 2026 · Standalone
- ENGINEERING DIVISION 83.9%
₹67.39 crore
- FOOD DIVISION 16.1%
₹12.95 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| ENGINEERING DIVISION | 67.39 | 83.9% |
| FOOD DIVISION | 12.95 | 16.1% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹80.34 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹80.34 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
What the price assumes
Growth trapTo justify its price of ₹276, this stock must grow earnings at 14% every year for 7 years. Our analysis caps realistic growth at ~-3%. At that growth it is worth ₹112 — downside of 59%.
- Growth the price implies
- 13.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -3.1% a year
- net profit, FY23–FY26 · EPS -3.1%
- The gap
- 0.2 pp
- -59% downside if it only repeats history
Ownership
Who owns it
Public hold 51.07% as of Sept 2026; institutions added 0.09 pts since Jun 2026.
- Promoters 48.71%
- Foreign institutions 0.16%
- Domestic institutions 0.05%
- Public 51.07%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 2.52% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Mazda Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 31.56% | unchanged | |
| 10.26% | unchanged | |
| 6.88% | unchanged | |
| 3.61% | −3.62 pp | |
| 3.06% | unchanged | |
| 2.52% | newly disclosed | |
| 1.57% | unchanged | |
| 1.06% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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