Mazda Limited (IN:MAZDA)
:MAZDA
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Mazda Limited
(MAZDA)
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Rating:69Neutral
Price Target:
₹257.00
▲(15.79% Upside)
Action:Reiterated
Date:05/28/26
The score is primarily supported by strong profitability and an exceptionally low-debt balance sheet, offset by volatile and recently negative operating/free cash flow. Technicals are mixed (short-term strength but below the 200-day average), while valuation is moderately attractive with a reasonable P/E and modest dividend yield.
Positive Factors
Balance-sheet strength
Mazda's effectively zero reported total debt and near-zero debt-to-equity materially reduce financial risk and interest burden. Over the next 2–6 months this durable strength provides funding flexibility, better credit resilience, and lowers bankruptcy risk, enabling capex or R&D without leverage stress.
Negative Factors
Weak/volatile cash generation
Negative operating and free cash flow in 2026 despite positive net income signals weak cash conversion and potential working-capital or timing pressures. Over several months this reduces the company's ability to self-fund capex, repay shareholders, or build liquidity without altering operations or accessing external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Mazda's effectively zero reported total debt and near-zero debt-to-equity materially reduce financial risk and interest burden. Over the next 2–6 months this durable strength provides funding flexibility, better credit resilience, and lowers bankruptcy risk, enabling capex or R&D without leverage stress.
Read all positive factors
Mazda Limited (MAZDA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.77B
Dividend Yield1.64%
Average Volume (3M)2.19K
Price to Earnings (P/E)17.3
Beta (1Y)1.01
Revenue Growth9.72%
EPS Growth10.68%
CountryIN
Employees233
SectorConsumer Cyclical
Sector Strength84
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)12.72
Shares Outstanding20,025,000
10 Day Avg. Volume1,827
30 Day Avg. Volume2,185
Financial Highlights & Ratios
PEG Ratio1.09
Price to Book (P/B)1.29
Price to Sales (P/S)1.52
P/FCF Ratio-13.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mazda Limited Business Overview & Revenue Model
Company 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 equipme...
How the Company Makes Money
Mazda Limited generates revenue primarily through the manufacture and sale of vehicles, including passenger cars, sport utility vehicles (SUVs), light trucks, and crossover models. The company earns income through direct vehicle sales via its glob...
Mazda Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.01B | 2.12B | 1.93B | 2.24B | 1.90B | 1.64B |
| Gross Profit | 847.97M | 631.40M | 542.78M | 1.07B | 491.25M | 786.82M |
| EBITDA | 382.24M | 344.94M | 374.29M | 462.89M | 394.47M | 307.19M |
| Net Income | 254.76M | 275.09M | 248.54M | 315.20M | 266.26M | 212.44M |
Balance Sheet | ||||||
| Total Assets | 2.87B | 3.15B | 2.65B | 2.40B | 2.24B | 1.92B |
| Cash, Cash Equivalents and Short-Term Investments | 876.70M | 697.42M | 966.52M | 894.83M | 498.51M | 340.69M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 6.30M | 2.77M |
| Total Liabilities | 519.36M | 655.60M | 347.65M | 282.56M | 383.82M | 276.46M |
| Stockholders Equity | 2.35B | 2.49B | 2.30B | 2.12B | 1.86B | 1.64B |
Cash Flow | ||||||
| Free Cash Flow | -63.66M | -238.81M | 65.42M | 401.54M | 189.84M | -74.50M |
| Operating Cash Flow | -34.03M | -196.77M | 105.54M | 430.24M | 235.86M | 83.96M |
| Investing Cash Flow | 95.40M | 241.66M | -88.05M | -302.99M | -146.13M | -49.81M |
| Financing Cash Flow | -76.15M | -72.09M | -64.08M | -64.64M | -56.17M | -60.97M |
Mazda Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹5.26B | 7.60 | ― | 0.81% | 40.36% | -25.43% | |
69 Neutral | ₹4.77B | 17.25 | ― | 1.64% | 9.72% | 10.68% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ₹1.17B | 23.08 | ― | ― | -0.49% | -8.29% | |
58 Neutral | ₹3.85B | -55.35 | ― | 2.47% | -100.00% | -77.44% | |
51 Neutral | ₹5.53B | 141.03 | ― | ― | -8.65% | 429.73% |
* Consumer Cyclical Sector Average
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Mazda Limited Corporate Events
Mazda Limited Announces Trading Window Closure Ahead of FY26 Results
Mar 31, 2026
Mazda Limited has notified the Indian stock exchanges that its trading window for promoters, directors and designated employees will be closed from 2 April 2026. This blackout will remain in force until 48 hours after the company announces its aud...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.