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Mazda Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹167.42Overvalued by 20.28%vs CMP ₹210.00

P/E (15.7) × ROE (11.2%) × BV (₹117.00) × DY (1.72%)

₹153.65Overvalued by 26.83%vs CMP ₹210.00
MoS: -36.7% (Negative)Confidence: 81/100 (High)Models: All 10: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹175.3120%Over (-16.5%)
Graham NumberEarnings₹187.6114%Over (-10.7%)
Earnings PowerEarnings₹114.5812%Over (-45.4%)
DCFCash Flow₹180.7812%Over (-13.9%)
Net Asset ValueAssets₹117.506%Over (-44%)
EV/EBITDAEnterprise₹136.008%Over (-35.2%)
Dividend DiscountDividends₹158.078%Over (-24.7%)
Earnings YieldEarnings₹133.706%Over (-36.3%)
ROCE CapitalReturns₹148.748%Over (-29.2%)
Revenue MultipleRevenue₹96.505%Over (-54%)
Consensus (10 models)₹153.65100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 4.7%

*Investments are subject to market risks

Analyst Summary

Mazda Ltd operates in the Engineering - General segment, NSE: MAZDA | BSE: 523792, current market price is ₹210.00, market cap is 420 Cr.. At a glance, stock P/E is 15.7, ROE is 11.2 %, ROCE is 15.2 %, book value is 117, dividend yield is 1.72 %. The latest intrinsic value estimate is ₹153.65, around 26.8% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹193 Cr versus the prior period change of -14.2%, while latest net profit is about ₹25 Cr with a prior-period change of -21.9%. The 52-week range shown on this page is 338/159, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMazda Ltd. is a Public Limited Listed company incorporated on 03/09/1990 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L29120GJ1990PLC…

This summary is generated from the stock page data available for Mazda Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

53
Mazda Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 15.2% GoodROE 11.2% AverageD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 48.6% Stable
Earnings Quality50/100 · Moderate
OPM stable around 17% Steady
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 2% YoY FlatProfit (4Q): -7% YoY Declining
Industry Rank40/100 · Moderate
P/E 15.7 vs industry 43.1 Cheaper than peersROCE 15.2% vs industry 37.7% Below peersROE 11.2% vs industry 24.0% Below peers3Y sales CAGR: 5% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 11:27 pm

Market Cap 420 Cr.
Current Price 210
Intrinsic Value₹153.65
High / Low 338/159
Stock P/E15.7
Book Value 117
Dividend Yield1.72 %
ROCE15.2 %
ROE11.2 %
Face Value 2.00
PEG Ratio3.33

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Mazda Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Mazda Ltd 420 Cr. 210 338/15915.7 1171.72 %15.2 %11.2 % 2.00
Hercules Hoists Ltd 407 Cr. 127 239/85.852.1 2690.00 %0.72 %0.71 % 1.00
Forbes & Company Ltd 438 Cr. 340 477/30219.0 1780.00 %15.8 %62.4 % 10.0
Batliboi Ltd 386 Cr. 81.7 157/66.433.1 48.00.73 %8.27 %6.84 % 5.00
Mold-Tek Technologies Ltd 380 Cr. 131 221/10160.9 45.10.76 %11.4 %8.61 % 2.00
Industry Average4,368.43 Cr512.5943.05119.460.29%37.69%24.02%6.04

All Competitor Stocks of Mazda Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 43.3166.9051.1962.7153.9757.5536.1756.7946.7853.5249.6350.8447.39
Expenses 34.7051.7742.1954.2743.7245.4634.4547.8036.0945.6346.4040.3836.60
Operating Profit 8.6115.139.008.4410.2512.091.728.9910.697.893.2310.4610.79
OPM % 19.88%22.62%17.58%13.46%18.99%21.01%4.76%15.83%22.85%14.74%6.51%20.57%22.77%
Other Income 1.020.611.851.001.771.963.143.880.200.924.270.821.84
Interest 0.100.160.190.100.110.150.150.070.210.100.160.250.28
Depreciation 0.910.951.001.001.001.020.960.970.980.981.021.041.06
Profit before tax 8.6214.639.668.3410.9112.883.7511.839.707.736.329.9911.29
Tax % 23.32%27.41%20.39%25.78%24.20%27.25%22.93%24.09%23.51%28.07%22.31%24.22%22.67%
Net Profit 6.6110.637.706.198.269.372.908.987.425.564.917.588.72
EPS in Rs 3.305.323.853.104.134.681.454.493.712.782.453.794.35

Last Updated: March 3, 2026, 9:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 12:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 103118122110107139180152165192225193201
Expenses 871011049793120155129137154186163169
Operating Profit 15171813141925242838403032
OPM % 15%15%15%12%13%14%14%16%17%20%18%16%16%
Other Income 2125432232778
Interest 1010111111111
Depreciation 1223333323444
Profit before tax 15161715141922222836423335
Tax % 31%30%29%14%29%24%26%26%23%25%25%25%
Net Profit 10111213101417162127322527
EPS in Rs 4.815.275.656.074.846.628.328.1610.6213.3215.7612.4113.37
Dividend Payout % 23%23%23%24%34%27%24%27%23%21%20%29%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)10.00%9.09%8.33%-23.08%40.00%21.43%-5.88%31.25%28.57%18.52%-21.88%
Change in YoY Net Profit Growth (%)0.00%-0.91%-0.76%-31.41%63.08%-18.57%-27.31%37.13%-2.68%-10.05%-40.39%

Mazda Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Last Updated: Unknown

Balance Sheet

Last Updated: January 7, 2026, 4:03 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4444444444444
Reserves 798795114120130128143160182208226231
Borrowings 4322321101000
Other Liabilities 29293120243734242838283552
Total Liabilities 116123132141151173167173192224240265287
Fixed Assets 20212334343433353576757475
CWIP 0034481725400010
Investments 30334147574328403143788982
Other Assets 67696556568889738610588101130
Total Assets 116123132141151173167173192224240265287

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 121617714-522208244311
Cash from Investing Activity + -11-9-17-10-7104-20-5-15-30-9
Cash from Financing Activity + -1-4-4-4-4-9-19-2-6-6-6-7
Net Cash Flow -03-4-73-47-2-336-5
Free Cash Flow 111110-813-121010-719407
CFO/OP 108%117%125%81%117%1%112%112%49%82%134%63%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow11.0014.0016.0011.0011.0017.0024.0023.0028.0037.0040.0030.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 787068758579677692705477
Inventory Days 162114111116132181133131156208113178
Days Payable 9471757093112665570734463
Cash Conversion Cycle 147113104120124148135152178205122191
Working Capital Days 8873598479105849411811678111
ROCE %18%18%17%14%12%15%17%16%18%21%21%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 48.34%48.34%48.34%48.34%48.34%48.34%48.52%48.52%48.58%48.58%48.58%48.58%
FIIs 0.00%0.16%0.21%0.20%0.21%0.21%0.20%0.27%0.15%0.15%0.08%0.13%
DIIs 0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.05%0.05%0.05%0.05%0.05%
Public 51.64%51.47%51.41%51.43%51.43%51.42%51.24%51.16%51.21%51.21%51.29%51.24%
No. of Shareholders 5,9886,6416,4538,52110,10510,68510,44511,88612,98112,92314,90014,196

Shareholding Pattern Chart

No. of Shareholders

Mazda Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.0010.0010.0010.0010.00
Basic EPS (Rs.) 12.4178.7066.4853.0440.77
Diluted EPS (Rs.) 12.4178.7066.4853.0440.77
Cash EPS (Rs.) 14.3588.7374.3659.0848.93
Book Value[Excl.RevalReserv]/Share (Rs.) 114.82529.94464.18409.56368.11
Book Value[Incl.RevalReserv]/Share (Rs.) 114.82529.94464.18409.56368.11
Dividend / Share (Rs.) 3.6016.0014.0012.1011.00
Revenue From Operations / Share (Rs.) 96.51562.87478.20411.97380.58
PBDIT / Share (Rs.) 18.69115.7398.6476.7565.10
PBIT / Share (Rs.) 16.75105.7090.7770.7256.94
PBT / Share (Rs.) 16.48104.3489.1969.0455.16
Net Profit / Share (Rs.) 12.4178.7066.4853.0440.77
PBDIT Margin (%) 19.3620.5620.6218.6217.10
PBIT Margin (%) 17.3518.7718.9817.1614.95
PBT Margin (%) 17.0718.5318.6516.7514.49
Net Profit Margin (%) 12.8613.9813.9012.8710.71
Return on Networth / Equity (%) 10.8014.8514.3212.9511.07
Return on Capital Employeed (%) 14.2019.5219.1117.0115.19
Return On Assets (%) 9.3813.1011.8711.089.43
Total Debt / Equity (X) 0.000.000.000.000.01
Asset Turnover Ratio (%) 0.760.970.920.900.89
Current Ratio (X) 6.446.824.254.474.52
Quick Ratio (X) 4.915.302.703.103.26
Inventory Turnover Ratio (X) 4.852.242.462.672.25
Dividend Payout Ratio (NP) (%) 25.7817.7818.2020.736.13
Dividend Payout Ratio (CP) (%) 22.2915.7716.2718.615.10
Earning Retention Ratio (%) 74.2282.2281.8079.2793.87
Cash Earning Retention Ratio (%) 77.7184.2383.7381.3994.90
Interest Coverage Ratio (X) 69.8485.2362.7745.7236.62
Interest Coverage Ratio (Post Tax) (X) 47.3858.9643.3032.6023.94
Enterprise Value (Cr.) 482.67500.35240.03192.88173.22
EV / Net Operating Revenue (X) 2.502.221.251.171.14
EV / EBITDA (X) 12.9010.806.086.286.64
MarketCap / Net Operating Revenue (X) 2.552.281.301.201.18
Retention Ratios (%) 74.2182.2181.7979.2693.86
Price / BV (X) 2.142.421.331.201.22
Price / Net Operating Revenue (X) 2.552.281.301.201.18
EarningsYield 0.050.060.100.100.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Mazda Ltd. is a Public Limited Listed company incorporated on 03/09/1990 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L29120GJ1990PLC014293 and registration number is 014293. Currently company belongs to the Industry of Engineering - General. Company's Total Operating Revenue is Rs. 193.26 Cr. and Equity Capital is Rs. 4.01 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - GeneralC/1-39/13/16, GIDC, Ahmedabad Gujarat 382330Contact not found
Management
NamePosition Held
Mr. Mohib N KherichaChairman
Mr. Percy X AvariWhole Time Director
Mrs. Shanaya Mody KhatuaWhole Time Director
Mr. Samuel W Croll- IIIDirector
Mrs. Sheila S ModyDirector
Mrs. Houtoxi F ContractorDirector
Mr. Mihir MehtaDirector
Mr. Ashok KavdiaDirector
Mrs. Shetal BhattDirector

FAQ

What is the intrinsic value of Mazda Ltd and is it undervalued?

As of 05 May 2026, Mazda Ltd's intrinsic value is ₹153.65, which is 26.83% lower than the current market price of ₹210.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (11.2 %), book value (₹117), dividend yield (1.72 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Mazda Ltd?

Mazda Ltd is trading at ₹210.00 as of 05 May 2026, with a FY2026-2027 high of ₹338 and low of ₹159. The stock is currently in the middle of its 52-week range. Market cap stands at ₹420 Cr..

How does Mazda Ltd's P/E ratio compare to its industry?

Mazda Ltd has a P/E ratio of 15.7, which is below the industry average of 43.05. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Mazda Ltd financially healthy?

Key indicators for Mazda Ltd: ROCE of 15.2 % indicates efficient capital utilization. Dividend yield is 1.72 %.

Is Mazda Ltd profitable and how is the profit trend?

Mazda Ltd reported a net profit of ₹25 Cr in Mar 2025 on revenue of ₹193 Cr. Compared to ₹21 Cr in Mar 2022, the net profit shows an improving trend.

Does Mazda Ltd pay dividends?

Mazda Ltd has a dividend yield of 1.72 % at the current price of ₹210.00. The company pays dividends, though the yield is modest.

Last Updated: April 25, 2026, 11:27 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523792 | NSE: MAZDA
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mazda Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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