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Mazda Limited (MAZDA)

₹293.95 -4.45% last close, 16 Oct

📊 NSE: MAZDA 🏢 Engineering 📢 Latest filing: 15 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Mazda's revenue was ₹80.3 Cr (+61.9% year on year, +25.2% on the previous quarter), and net profit ₹7.3 Cr (+49.4% year on year); the operating margin was 9.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹80.3	+61.9%	+25.2%
Operating profit	₹7.3	+127.1%	-26.7%
Net profit	₹7.3	+49.4%	+16.6%
EPS (₹)	3.66	+49.4%	+16.6%
Operating margin	9.1%	—	—

Full quarterly financials → Results calendar →

MAZDA delivery percentage and bulk deals

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 56.38% of the MAZDA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 42.56%. The price fell 4.45% on that unusually high delivery, the pattern the delivery dashboard labels distribution. It closed at a price band (circuit) on 7 sessions in about the last 20. 5 bulk or block deals were reported in MAZDA in the last 60 days: ₹4 Cr bought and ₹16 Cr sold.

56.38%Delivery, 16 Oct

42.56%Own 20-session average

0.7×Volume vs its average

₹293.95NSE close · -4.45%

Delivery in the last 5 sessions: 44.7% · 39.0% · 53.6% · 33.0% · 56.4%

Date	Side	Counterparty	Value	Price	Quantity	Type
23 Sep	Sell	Croll Reynolds International Inc	₹3.39 Cr	₹254.10	133,247	Bulk
22 Sep	Sell	Croll Reynolds International Inc	₹5.92 Cr	₹243.51	242,927	Bulk
22 Sep	Buy	Sharmin Nasser	₹3.89 Cr	₹243.23	160,000	Bulk
21 Sep	Sell	Croll Reynolds International Inc	₹2.90 Cr	₹256.58	112,884	Bulk
18 Sep	Sell	Croll Reynolds International Inc	₹3.92 Cr	₹261.07	150,000	Bulk

Delivery across the market →Circuit stocks →All bulk and block deals →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Mazda Submits Regulation 74(5) Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 15 Oct 2026, 02:21 PM

Mazda Limited has submitted the compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended 30th September, 2026. The certificate was issued by MUFG Intime India Private Limited, the company's Registrar and Share Transfer Agent. The RTA confirmed that all securities received for dematerialisation during the period were duly processed, verified, and cancelled within prescribed timelines. This is a recurring regulatory compliance filing with no impact on business operations or financials.

Compliance certificate submitted under Regulation 74(5) for the quarter ended 30th September 2026
Certificate issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on 03-10-2026
Securities received for dematerialisation were confirmed, cancelled, and substituted within prescribed timelines

💡 Track the upcoming Q2 FY27 financial results and operational updates, as this filing is purely procedural.

Mazda Concludes 36th AGM; Shareholders Vote on Rs 4.00 Dividend and Director Re-Appointments

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Sep 2026, 05:27 PM

Mazda Limited conducted its 36th Annual General Meeting on September 21, 2026, via Video Conferencing with 64 shareholders in attendance. Ordinary business placed before shareholders included the adoption of FY2026 financial statements and declaration of a final dividend of Rs 4.00 per equity share (face value Rs 2.00). Special resolutions included the continuation of Mr. Mohib Khericha as Non-Executive Director beyond 75 years of age. Voting results will be submitted within two working days pursuant to Regulation 44(3).

Final dividend of Rs 4.00 per equity share (FV Rs 02) placed for shareholder approval
36th AGM attended by a total of 64 shareholders via Video Conferencing
Special resolution tabled for continuation of Mr. Mohib Khericha's directorship beyond 75 years of age
Voting results under Regulation 44(3) to be submitted within 2 working days

💡 Track the formal disclosure of the voting results within two working days to confirm the approval of the Rs 4.00 dividend and director re-appointments.

Mazda Sets Sept 4, 2026 as Record Date for FY26 Final Dividend

🟡 NEUTRAL ⭐ 3/10

DIVIDEND 📅 17 Aug 2026, 01:51 PM

Mazda Limited has fixed Friday, September 4, 2026, as the record date to determine shareholder eligibility for the final dividend for FY 2025-26. The dividend proposal is subject to shareholder approval at the Annual General Meeting (AGM) scheduled for September 21, 2026. If approved, the dividend will be paid on or after September 30, 2026, subject to applicable tax deductions.

Record date fixed as Friday, 04th September, 2026
AGM scheduled for Monday, 21st September, 2026
Dividend payment on or after 30th September, 2026 subject to shareholder approval

💡 Track the AGM outcome on September 21, 2026 for formal approval of the dividend payout and ensure holdings precede the ex-dividend date for entitlement.

Mazda Limited Schedules 36th AGM for Sept 21, 2026; Dividend Book Closure Announced

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Aug 2026, 11:43 AM

Mazda Limited has announced its 36th Annual General Meeting (AGM) to be held on September 21, 2026, via video conferencing. The company has set a book closure period from September 7 to September 14, 2026, to determine eligibility for the AGM and the final dividend. Shareholders can participate in remote e-voting between September 18 and September 20, 2026. This is a standard procedural filing following the conclusion of the fiscal year.

36th Annual General Meeting scheduled for September 21, 2026, at 12:00 P.M.
Book closure for dividend and AGM eligibility from September 7 to September 14, 2026
Remote e-voting period begins on September 18, 2026, and ends on September 20, 2026
Cut-off date for e-voting eligibility is fixed as September 14, 2026

💡 Investors should review the upcoming Annual Report for updates on the execution of the INR 70 Cr order book and the progress of the four new engineering products mentioned in previous strategy updates.

49% PAT Growth: Mazda Ltd Reports Strong Q1 FY27 Results with ₹80.3 Cr Revenue

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 10 Aug 2026, 08:36 PM

Mazda Limited reported a robust start to FY27, with revenue from operations surging 61.9% YoY to ₹80.34 Cr. Net profit for the quarter increased by 49.3% YoY to ₹7.33 Cr, supported by strong growth in both the Engineering and Food divisions. The Engineering segment remains the dominant contributor, accounting for 84% of total revenue. The company maintains a healthy balance sheet with zero debt and a net worth of ₹249 Cr.

Revenue from operations grew 61.9% YoY to ₹80.34 Cr compared to ₹49.63 Cr in Q1 FY26
Net profit increased 49.3% YoY to ₹7.33 Cr from ₹4.91 Cr in the previous year's quarter
Engineering division revenue rose 59% YoY to ₹67.39 Cr, contributing ₹11.61 Cr to segment PBT
Food division revenue jumped 78% YoY to ₹12.95 Cr, showing significant traction in the new segment
Basic and Diluted EPS improved to ₹3.66 from ₹2.45 in the corresponding quarter last year

💡 Investors should monitor the sustainability of the Food division's high growth and the impact of steel price fluctuations on Engineering margins. Watch for updates on the execution of the ₹70 Cr domestic order book in upcoming management commentary.

Mazda Limited Clarifies No Undisclosed Information Following NSE Volume Spurt Query

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 07 Jul 2026, 10:07 AM

Mazda Limited has responded to a surveillance query from the National Stock Exchange (NSE) regarding a significant increase in trading volume. The company clarified on July 7, 2026, that it has no undisclosed price-sensitive information or impending announcements that could be driving the market activity. Management stated they are in full compliance with SEBI Regulation 30 and that the volume increase is likely due to market-driven trading of its freely traded shares. This is a routine regulatory response to exchange surveillance mechanisms.

NSE issued a clarification request (Ref: NSE/CM/Surveillance/17220) on July 6, 2026.
Company submitted its formal response on July 7, 2026, at 10:03 IST.
Management confirmed all material events under Regulation 30 of SEBI LODR have been disclosed.
The company stated it does not possess any undisclosed price-sensitive information.

💡 Investors should treat the recent volume spurt as market-driven rather than news-driven, as the company has officially denied any pending material announcements. Focus on upcoming quarterly financial results for fundamental updates.

Mazda Limited Announces Trading Window Closure Starting July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Jun 2026, 11:07 AM

Mazda Limited has announced the closure of its trading window for promoters, directors, and designated employees effective July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the release of the unaudited financial results for the quarter ended June 30, 2026. The window will remain closed until 48 hours after the results are officially declared. This is a standard administrative procedure and does not reflect any change in the company's business operations or financial health.

Trading window closure effective from July 1, 2026
Closure relates to the first quarter results ended June 30, 2026
Window to remain closed until 48 hours post-result announcement
Applies to all Promoters, Directors, and Designated employees

💡 Investors should wait for the upcoming Q1 FY2027 results to evaluate the company's performance against its 20-25% growth target and the execution of its Rs 70 Cr order book.

Mazda Limited Promoters Confirm Zero Encumbrance on 48.58% Stake for FY26

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 17 Jun 2026, 12:18 PM

Mazda Limited's promoter group, led by Shanaya Mody Khatua, has submitted its annual disclosure under SEBI (SAST) Regulations for the financial year ended March 31, 2026. The promoters collectively hold 97,29,011 equity shares, representing a 48.58% stake in the company. Crucially, the group has declared that no encumbrances or pledges were made on these shares, directly or indirectly, during the entire financial year. This filing confirms the stability of the promoter holding and the absence of debt-related risks associated with share pledging.

Promoter and Promoter Group hold 97,29,011 equity shares as of March 31, 2026.
The total promoter stake in Mazda Limited stands at 48.58%.
Confirmed zero encumbrance or pledge on promoter shares during the 2025-26 financial year.
Disclosure made under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Promoter group includes five key individuals including Shanaya Mody Khatua and Sheila Sorab Mody.

💡 Investors can take comfort in the fact that the promoters have not pledged any of their 48.58% stake, indicating financial stability. No immediate action is required as this is a routine annual regulatory compliance filing.

Mazda Ltd Reports FY26 Results, Recommends 200% Dividend of Rs 4 Per Share

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 26 May 2026, 08:54 PM

Mazda Limited's Board has approved the audited standalone financial results for the fiscal year ended March 31, 2026. A significant highlight for shareholders is the recommendation of a 200% dividend, amounting to Rs. 4.00 per equity share on a face value of Rs. 2.00. The statutory auditor issued an unmodified opinion, indicating that the financial statements present a true and fair view of the company's performance. The dividend remains subject to shareholder approval at the upcoming Annual General Meeting.

Recommended a final dividend of Rs. 4.00 per equity share, representing a 200% payout.
Approved audited standalone financial results for the quarter and year ended March 31, 2026.
Statutory auditors Mayank Shah & Associates issued an unmodified audit opinion.
The dividend is calculated on a face value of Rs. 2.00 per equity share.
The Board meeting concluded on May 26, 2026, finalizing the annual financial reporting cycle.

💡 Investors should view the 200% dividend recommendation as a sign of healthy cash flows and management confidence. It is advisable to review the full profit and loss statement once available to assess long-term growth trends.

Mazda Limited Recommends Final Dividend of Rs. 4 Per Share (200%) for FY 2025-26

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 26 May 2026, 08:45 PM

Mazda Limited has recommended a final dividend of Rs. 4 per equity share for the financial year ended March 31, 2026, representing a 200% payout on the face value of Rs. 2. The board also approved the audited standalone financial results for the quarter and full year ended March 31, 2026. The statutory auditors have issued an unmodified opinion, indicating a clean audit of the company's financial statements. This dividend recommendation is subject to the approval of shareholders at the upcoming Annual General Meeting.

Recommended a final dividend of Rs. 4.00 per equity share for the financial year 2025-26.
The dividend payout represents 200% of the face value of Rs. 2 per share.
Audited standalone financial results for FY 2025-26 approved with an unmodified audit opinion.
Statutory Auditor Mayank Shah & Associates confirmed the results give a true and fair view of net profit and financial info.

💡 Investors should track the upcoming Annual General Meeting and record date to ensure eligibility for the Rs. 4 per share dividend. The 200% dividend payout suggests stable cash flows and a shareholder-friendly management approach.

Mazda Ltd Reports FY26 Results, Recommends 200% Dividend of Rs 4 Per Share

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 26 May 2026, 08:45 PM

Mazda Limited has approved its audited standalone financial results for the fiscal year ending March 31, 2026. A significant highlight for shareholders is the recommendation of a 200% dividend, amounting to Rs. 4.00 per equity share of Rs. 2 face value. The company's statutory auditors provided an unmodified opinion on the financial statements, ensuring reporting reliability. This dividend is subject to approval at the upcoming Annual General Meeting.

Recommended a final dividend of Rs. 4.00 per equity share (200% of face value)
Approved audited standalone financial results for the quarter and year ended March 31, 2026
Statutory auditors issued a clean, unmodified opinion on the financial statements
Face value of the equity shares stands at Rs. 2.00 each

💡 Investors should track the upcoming record date to be eligible for the Rs. 4 dividend. The high dividend payout ratio suggests strong cash flow and management's commitment to returning capital to shareholders.

Mazda Limited Submits Quarterly SEBI Compliance Certificate for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Apr 2026, 06:04 PM

Mazda Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the period ended March 31, 2026. The company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirmed that all dematerialization requests were processed and confirmed to depositories within prescribed timelines. The physical certificates received were mutilated and cancelled, and the records were updated accordingly. This is a standard administrative filing ensuring regulatory compliance regarding share registry management.

Compliance certificate issued for the quarter ended March 31, 2026.
Registrar MUFG Intime India confirmed all demat requests were processed within mandated timelines.
Physical security certificates were mutilated and cancelled after due verification.
The name of the depositories has been substituted in the register of members as the registered owner.

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's financial performance and business developments.

Mazda Limited Announces Trading Window Closure from April 2, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Mar 2026, 11:46 AM

Mazda Limited has informed the stock exchanges that its trading window will be closed starting Thursday, April 2, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial results. The window will remain closed for all designated persons and their relatives until 48 hours after the declaration of the audited financial results for the quarter and year ending March 31, 2026. This is a standard regulatory procedure to prevent insider trading before sensitive financial data is released.

Trading window closure effective from Thursday, April 2, 2026
Applies to Promoters, Directors, and Designated employees of Mazda Limited
Window to remain closed until 48 hours after Q4 and FY26 audited results are announced
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 This is a routine regulatory announcement and does not impact the company's fundamentals. Investors should monitor for the upcoming announcement of the Q4 and FY26 earnings date.

Mazda Ltd Q3 Net Profit Rises 17.5% YoY to ₹8.72 Cr; Engineering Segment Drives Growth

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Feb 2026, 08:42 PM

Mazda Limited reported a strong bottom-line performance for Q3 FY26, with net profit rising 17.5% YoY to ₹872.34 Lacs. While revenue from operations remained nearly flat at ₹4,739.32 Lacs (up 1.3% YoY), the company achieved significant margin expansion. The core Engineering division continues to be the primary revenue and profit driver, whereas the Food division saw a decline in profitability. Earnings Per Share (EPS) improved to ₹4.36 from ₹3.71 in the corresponding quarter of the previous year.

Net Profit increased by 17.5% YoY to ₹872.34 Lacs from ₹742.32 Lacs.
Revenue from operations stood at ₹4,739.32 Lacs, showing a marginal growth of 1.3% compared to ₹4,678.19 Lacs in Q3 FY25.
Engineering division contributed ₹4,014.58 Lacs to revenue with a segment profit of ₹1,384.16 Lacs.
Food division performance weakened, with segment profit falling to ₹9.38 Lacs from ₹35.34 Lacs YoY.
Inventory levels saw a substantial increase of ₹1,560.83 Lacs during the quarter, impacting the cost structure.

💡 Investors should focus on the steady growth and high margins of the Engineering segment, which compensates for the volatility in the Food division. The stock remains a watch for continued efficiency in operational costs and inventory management.

Mazda Limited Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jan 2026, 01:01 PM

Mazda Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the period ended December 31, 2025. The company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirmed that all dematerialization requests were processed within the mandated timelines. The physical share certificates received were mutilated and cancelled after due verification. This filing confirms that the company's shareholding records are being maintained accurately in electronic form.

Compliance certificate issued for the quarter ended December 31, 2025.
Registrar MUFG Intime India confirmed timely processing of all dematerialization requests.
Physical security certificates were mutilated and cancelled following verification by depository participants.
Depositories' names were updated in the register of members as the registered owners within prescribed timelines.

💡 No action is required from investors as this is a routine regulatory filing confirming administrative compliance regarding share dematerialization.

View All MAZDA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations for H1 FY26 reached INR 100.47 Cr, an 8.07% increase from INR 92.96 Cr in H1 FY25. The Engineering Division grew 11.78% YoY to INR 84.92 Cr, while the Food Division revenue declined 7.85% YoY to INR 15.66 Cr.

Geographic Revenue Split

The company is a net foreign exchange earner with export earnings of INR 51.86 Cr in FY 2024-25, representing approximately 26.8% of total annual revenue, while domestic sales constitute the remaining 73.2%.

Profitability Margins

Profit Before Tax (PBT) for H1 FY26 stood at INR 16.32 Cr, up 4.72% YoY from INR 15.58 Cr. However, PBT margins slightly compressed to 16.24% in H1 FY26 from 16.76% in H1 FY25 due to higher operational costs.

EBITDA Margin

Operating profit before working capital changes for H1 FY26 was INR 14.06 Cr, reflecting a 14% margin on revenue, an improvement from the 11.8% margin (INR 10.96 Cr) recorded in H1 FY25.

Capital Expenditure

The company invested INR 5.65 Cr in Property, Plant, and Equipment during H1 FY26 to support capacity expansion and modernization of engineering facilities.

Credit Rating & Borrowing

Finance costs for H1 FY26 increased by 82% YoY to INR 0.41 Cr from INR 0.22 Cr, though absolute borrowing remains low relative to the total equity base of INR 287.21 Cr.

⚙️ Operational Drivers

Raw Materials

Steel is identified as the primary raw material for the Engineering Division, with price fluctuations directly impacting the cost of manufacturing vacuum systems and ejectors.

Capacity Expansion

Current single-shift capacity is valued at INR 60 Cr per annum. The company is adding shifts and has achieved a turnover target of INR 30 Cr for specific product lines as of March 2024, aiming for further utilization in FY 2025.

Raw Material Costs

Raw material costs are sensitive to steel price volatility; the company utilizes cost optimization and robust sourcing strategies to mitigate the impact of global commodity price shifts.

Manufacturing Efficiency

The company is focusing on automation and precision engineering to enhance operational efficiency and maintain global competitiveness in the vacuum systems market.

📈 Strategic Growth

Expected Growth Rate

20-25%

Growth Strategy

Growth will be driven by the launch of four new products in the Engineering segment and entry into the high-demand ready-to-eat segment within the Food Division. The company is also leveraging a strong domestic order book of INR 70 Cr.

Products & Services

Engineering products include vacuum systems, steam jet ejectors, and liquid ring vacuum pumps. Food products include fruit powders, vegetable powders, and ready-to-eat meals.

Brand Portfolio

Mazda Limited.

New Products/Services

Four new engineering products are expected to contribute a 20-25% boost to total growth; the Food Division has recently launched a ready-to-eat product line.

Market Expansion

The company is targeting expansion in the engineering sector by capitalizing on increased government capital expenditure and industrial automation trends in India.

🌍 External Factors

Industry Trends

The engineering sector is seeing a shift toward automation and precision, while the food industry is moving toward health-conscious and convenient ready-to-eat options.

Competitive Landscape

The company competes in the precision engineering and processed food markets, facing competition from both domestic players and global engineering firms.

Competitive Moat

Competitive advantage is derived from technical expertise in specialized vacuum systems and a diversified business model (Engineering and Food) that provides a hedge against sector-specific downturns.

Macro Economic Sensitivity

Highly sensitive to industrial capital expenditure cycles and government infrastructure spending, which drives demand for engineering vacuum systems.

Consumer Behavior

Shifting consumer behavior toward convenient, quality food products is driving the expansion of the Food Division's product line.

Geopolitical Risks

Global economic volatility and trade disruptions pose risks to the export segment, which accounts for over a quarter of total revenue.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to the Companies Act 2013, SEBI Listing Regulations, and food safety standards for the Food Division.

Environmental Compliance

The company follows a Triple Bottom Line approach focusing on environmental stewardship and sustainability as part of its corporate philosophy.

Taxation Policy Impact

The company paid INR 3.82 Cr in direct taxes during H1 FY26, representing an effective tax rate of approximately 23.4% of PBT.

Legal Contingencies

The company acknowledges risks from litigation and industrial relations in its MDA, though specific case values for pending court matters are not detailed in the provided financial extracts.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the 52.87% increase in inventory, which could signal either a massive upcoming sales surge or potential overstocking that could further strain cash flows.