Mazda Limited (523792) Fair Value & Analysis
Industrial Goods · IN · Market cap ₹2.2B
Fair value as of: Aug 18, 2026
From 26 valuation models · updated yesterday
Share price +1.2% over the past month.
Below-average quality, screening 193% undervalued on our models.
What matters now
- The price is below even our cautious bear case (₹472.85). The market is more pessimistic than our downside scenario.
- Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (₹472.85 to ₹1,061) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.
How to read this chart
60‑month range ₹79.62 – ₹406.05 · fair‑value band ₹472.85 – ₹1,061 · the ₹233.20 price screens below the ₹683.34 fair value. Dashed = 300-day average. As of Aug 18, 2026.
Analysis
Mazda Limited (523792) currently trades at ₹233.20, while our model-based Fair Value estimate is ₹683.34, implying the stock looks roughly 193.0% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrial Goods sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Mazda Limited generated revenue of ₹1.6B at a net margin of 11.4%. Revenue declined 15.2% year over year. It earns a return on equity of 13.6%. The stock trades on a trailing P/E of 15.1 (as of Aug 18, 2026). Fundamentals as of Aug 18, 2026
Our scenario range runs from ₹472.85 (bear case) to ₹1,061 (bull case); at ₹233.20, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 47% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrial Goods peers we cover trades at -55% fair-value upside, at 193%, 523792 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Growth Earnings (₹1,155) versus Dividend Discount (₹228.40). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 44
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Mazda Limited operates as an engineering company in India. It operates in two segments, Engineering Division and Food Division.
Full company description
Mazda Limited operates as an engineering company in India. It operates in two segments, Engineering Division and Food Division. The company offers vacuum systems, including steam jet boosters and ejectors; steam jet air ejector systems; combination vacuum systems of steam jet ejectors and liquid ring vacuum pumps; combination vacuum systems of steam jet ejectors and liquid jet ejectors; thermocompressors; liquid jet ejectors; air jet ejectors; vapor and gas jet ejectors/systems; steam jet liquid ejectors; liquid jet liquid ejectors; steam jet liquid heaters and mixers; single/double stage liquid ring vacuum pumps; and hotshot mechanical automatic pumps. It also provides evaporators, such as falling/rising film evaporators, forced circulation evaporators, combination type evaporators, OSLO crystallizers, pilot plants, agitated thin film dryers, and stripper systems; and chillers comprising vapor absorption machines/heat pumps and chiller vector systems. In addition, the company offers heat transfer products that include condensing systems, steam surface condensers, steam jet air ejector systems, gland vent condensers, dump condensers, feed water heaters, oil coolers, shell and tube heat exchangers, flash tanks, and pressure vessels. Further, it provides air pollution control equipment, which comprise jet venturi fume, high energy fume, and packed tower scrubbers, as well as food products. The company also exports its products to approximately 40 countries worldwide. It serves the chemicals and pesticides, drugs and pharmaceuticals, dye and intermediates, edible oil refining, ethylene-glycol-motive fluid, fertilizers, petroleum refinery, petro chemicals, power, steel, and vegetable oil industries. The company was incorporated in 1990 and is based in Ahmedabad, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Mazda Limited reported revenue of ₹1.9B in FY2025 versus ₹1.5B in FY2021, a compound +6.1%/yr. Reported net income was ₹249M in FY2025, compounding +11.1%/yr from FY2021.
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Peer Group
Industrials · 5383 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Diversified Machinery” was too small, so the broader sector is used.)
Valuation Multiples vs Industrials median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Diversified Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Siemens Limited 500550 | ₹4,019 | ₹892.67 | -78% |
| Thermax Limited 500411 | ₹4,086 | ₹679.90 | -83% |
| GMM Pfaudler Limited 505255 | ₹1,045 | ₹247.43 | -76% |
| ELGI Equipments Limited 522074 | ₹609.05 | ₹194.23 | -68% |
| Suzlon Energy Limited 532667 | ₹48.92 | ₹25.61 | -48% |
| Yuken India Limited 522108 | ₹845.70 | ₹381.13 | -55% |
| Disa India Limited 500068 | ₹11,544 | ₹6,266 | -46% |
| Bharat Bijlee Limited 503960 | ₹2,286 | ₹4,020 | +76% |
| Axtel Industries Limited 523850 | ₹408.80 | ₹326.63 | -20% |
| Singer India Limited 505729 | ₹85.02 | ₹37.62 | -56% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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