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Mazda

₹1454.5 -5 | 0.3%

Market Cap ₹583 Cr.

Stock P/E 17.8

P/B 2.9

Current Price ₹1454.5

Book Value ₹ 504.8

Face Value 10

52W High ₹1650.2

Dividend Yield 0.96%

52W Low ₹ 724.2

Mazda Research see more...

Overview Inc. Year: 1990Industry: Engineering - Industrial Equipments

Mazda Ltd is a renowned automotive company that has established itself as a key player in the global automobile industry. With a rich history dating back to 1920, Mazda has consistently demonstrated a commitment to innovation, design, and driving pleasure. The company is headquartered in Hiroshima, Japan, and operates manufacturing plants and distribution networks worldwide. Mazda is known for its diverse lineup of vehicles, including sedans, SUVs, and sports cars, all featuring their signature "KODO" design philosophy and advanced SKYACTIV technology. The company's relentless pursuit of efficient and environmentally friendly solutions has resulted in the development of fuel-efficient engines and alternative powertrain options. Mazda's success can be attributed to its focus on delivering exceptional driving experiences, incorporating cutting-edge technology, and maintaining a strong emphasis on craftsmanship and attention to detail.

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Mazda Share Price

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Mazda Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 43 43 52 30 52 43 67 51 63 54
Other Income 1 0 1 0 1 1 1 2 1 2
Total Income 44 43 54 30 52 44 68 53 64 56
Total Expenditure 37 36 43 22 46 35 52 42 54 44
Operating Profit 8 7 11 8 6 10 16 11 9 12
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 1 0 0 0 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 7 7 10 7 5 9 15 10 8 11
Provision for Tax 2 2 2 2 1 2 4 2 2 3
Profit After Tax 5 5 8 5 4 7 11 8 6 8
Adjustments 0 -0 0 0 -0 -0 0 0 0 0
Profit After Adjustments 5 5 8 5 4 7 11 8 6 8
Adjusted Earnings Per Share 12.9 12 19.6 13.7 9.7 16.5 26.5 19.2 15.5 20.6

Mazda Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 121 103 118 122 110 107 139 180 152 165 192 235
Other Income 2 2 1 2 5 4 3 2 2 3 2 6
Total Income 123 105 119 124 115 111 142 181 155 168 194 241
Total Expenditure 102 88 101 104 97 93 120 155 129 137 154 192
Operating Profit 21 17 19 20 18 18 22 27 26 31 40 48
Interest 1 1 0 1 0 1 1 1 1 1 1 0
Depreciation 1 1 2 2 3 3 3 3 3 2 3 4
Exceptional Income / Expenses -0 -0 -0 0 0 0 0 0 0 0 0 0
Profit Before Tax 19 15 16 17 15 14 19 22 22 28 36 44
Provision for Tax 6 5 5 5 2 4 4 6 6 6 9 11
Profit After Tax 12 10 11 12 13 10 14 17 16 21 27 33
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 12 10 11 12 13 10 14 17 16 21 27 33
Adjusted Earnings Per Share 29 24.1 26.4 28.3 30.3 24.2 33.1 41.6 40.8 53 66.5 81.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 16% 2% 12% 5%
Operating Profit CAGR 29% 14% 17% 7%
PAT CAGR 29% 17% 22% 8%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 93% 46% 31% 25%
ROE Average 15% 14% 13% 13%
ROCE Average 21% 18% 17% 18%

Mazda Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 76 83 91 100 118 125 134 132 147 164 186
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 1 0 0 0
Other Non-Current Liabilities 2 2 2 2 3 3 3 2 2 3 4
Total Current Liabilities 18 31 30 30 20 23 35 32 23 25 34
Total Liabilities 96 116 123 132 141 151 173 167 173 192 224
Fixed Assets 20 20 21 23 34 34 34 33 35 32 73
Other Non-Current Assets 5 5 5 8 11 7 16 31 35 47 6
Total Current Assets 71 91 96 101 96 109 123 103 103 113 145
Total Assets 96 116 123 132 141 151 173 167 173 192 224

Mazda Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 3 6 6 8 10 3 6 2 9 7 4
Cash Flow from Operating Activities 11 12 16 17 7 14 -5 22 20 8 24
Cash Flow from Investing Activities -7 -11 -9 -17 -10 -7 10 4 -20 -5 -15
Cash Flow from Financing Activities -1 -1 -4 -4 -4 -4 -9 -19 -2 -6 -6
Net Cash Inflow / Outflow 3 -0 3 -4 -7 3 -4 7 -2 -3 3
Closing Cash & Cash Equivalent 6 6 8 5 3 6 2 9 7 4 8

Mazda Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 29.04 24.08 26.37 28.27 30.34 24.18 33.11 41.56 40.77 53.04 66.48
CEPS(Rs) 32.4 27.26 31.38 33.62 36.54 31.36 40.02 50.19 48.93 59.08 74.36
DPS(Rs) 5 5.5 6 6.6 7.3 8.1 9 10 11 12.1 14
Book NAV/Share(Rs) 177.91 195.56 213.37 233.7 277.06 292.9 315.53 329.15 368.11 409.56 464.18
Core EBITDA Margin(%) 14.73 13.47 13.55 13.59 10.95 12.94 13.45 13.92 15.47 16.62 19.32
EBIT Margin(%) 14.8 14.04 13 13.42 12.89 13.9 13.84 12.96 14.91 17.09 18.9
Pre Tax Margin(%) 14.32 13.2 12.61 12.76 12.5 13.36 13.3 12.43 14.44 16.68 18.57
PAT Margin (%) 9.44 9.16 8.82 9.09 10.8 9.52 10.11 9.23 10.67 12.82 13.84
Cash Profit Margin (%) 10.53 10.36 10.49 10.81 13.01 12.35 12.22 11.15 12.81 14.28 15.48
ROA(%) 13.39 9.66 9.39 9.43 9.46 7.06 8.7 9.78 9.6 11.65 12.8
ROE(%) 17.46 12.9 12.9 12.65 11.88 8.49 10.88 12.51 11.69 13.64 15.22
ROCE(%) 26.7 19.01 18.31 18.23 13.92 12.14 14.64 17.4 16.25 18.15 20.78
Receivable days 66.46 75.26 63.76 62.48 69.27 80.11 72.11 64.15 77.29 80.54 74.28
Inventory Days 49.87 67.22 64.23 53.12 56.2 63.6 74.73 76.5 79.85 69.88 83.05
Payable days 53.85 74.14 80.42 76.54 76.02 83.76 89.48 73.51 70.24 62.22 66.87
PER(x) 3.98 5.41 8.95 11.32 10.46 13.89 13.13 5.96 11.01 9.3 9.32
Price/Book(x) 0.65 0.67 1.11 1.37 1.15 1.15 1.38 0.75 1.22 1.2 1.33
Dividend Yield(%) 4.33 4.22 2.54 2.06 2.3 2.41 2.07 4.04 2.45 2.45 2.26
EV/Net Sales(x) 0.38 0.52 0.78 1.05 1.21 1.3 1.31 0.5 1.14 1.17 1.25
EV/Core EBITDA(x) 2.19 3.14 4.95 6.4 7.42 7.72 8.2 3.37 6.64 6.28 6.08
Net Sales Growth(%) 17.38 -14.88 14.39 3.59 -9.53 -2.73 29.09 29.61 -15.17 8.25 16.08
EBIT Growth(%) 25.76 -18.91 5.24 7.37 -13.22 -2.53 28.34 21.15 -2.43 24.2 28.35
PAT Growth(%) 23.81 -17.08 9.52 7.19 7.33 -20.3 36.92 18.07 -1.9 30.1 25.34
EPS Growth(%) 23.81 -17.08 9.51 7.19 7.33 -20.3 36.92 25.53 -1.9 30.1 25.34
Debt/Equity(x) 0.03 0.05 0.03 0.02 0.02 0.02 0.01 0.01 0 0 0
Current Ratio(x) 3.9 2.95 3.26 3.33 4.78 4.74 3.48 3.18 4.51 4.47 4.25
Quick Ratio(x) 3.01 2.14 2.59 2.71 3.88 3.89 2.42 2.01 3.25 3.1 2.7
Interest Cover(x) 30.43 16.67 33.27 20.54 32.76 25.58 25.52 24.74 32.03 42.13 57.76
Total Debt/Mcap(x) 0.05 0.07 0.03 0.01 0.02 0.02 0.01 0.01 0 0 0

Mazda Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 48.34 48.34 48.34 48.34 48.34 48.34 48.34 48.34 48.34 48.34
FII 0.11 0.11 0 0.01 0.06 0 0.16 0.21 0.2 0.21
DII 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Public 51.53 51.52 51.64 51.63 51.58 51.64 51.48 51.42 51.43 51.43
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 21% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Promoter holding is low: 48.34%.
  • Company has a low return on equity of 14% over the last 3 years.
  • Debtor days have increased from 62.22 to 66.87days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Mazda News

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