Mazda Ltd. – Company Report
1. Company Overview
Mazda Ltd., established in 1990 and headquartered in Ahmedabad, Gujarat, is a prominent Indian engineering and manufacturing company with a significant global footprint. Publicly listed, Mazda operates through two divisions: engineering products and food processing. The company is highly regarded for its leadership in vacuum technology, heat transfer, evaporators, and air pollution control systems, backed by collaborations with Western firms and continuing investment in R&D. Mazda’s solutions serve a diverse client base across power generation, chemicals, oil & gas, pharmaceuticals, steel, fertilizers, petroleum refining, dyes, and edibles. The company supplies products in over 40 countries, including strong presences in the USA and Europe. Mazda is managed by an experienced team, with Percy Avari as CEO, and its clients include major Indian organizations such as BPCL, IOCL, HPCL, Alstom Power, and GNFC.
Key Highlights:
- Established: 1990
- Headquarters: Ahmedabad, Gujarat, India
- Business Divisions: Engineering and food products
- Certifications: ISO 9001:2015
- Export Markets: 40+ countries worldwide
- Major Clients: BPCL, IOCL, HPCL, Alstom Power, GNFC
2. Products and Services
Engineering Products Division:
- Vacuum Systems: Steam jet boosters, steam jet air ejectors, liquid ring vacuum pumps, thermocompressors, and combination systems for chemical, pharmaceutical, petroleum, and power sectors.
- Evaporators & Crystallizers: Falling/rising film, forced circulation, combination evaporators, OSLO crystallizers, and agitated thin film dryers for process concentration and solvent recovery.
- Heat Transfer Equipment: Steam surface condensers, shell & tube heat exchangers, oil coolers, feedwater heaters, flash tanks, and pressure vessels for reliable industrial performance.
- Air Pollution Control Equipment: Jet venturi fume scrubbers, high-energy scrubbers, and packed tower scrubbers for emission reduction and compliance.
- Water Treatment: Integrated water management solutions for power and chemical plant operations.
Food Processing Division:
- Instant drink powders, jams, syrups, rose water, vinegar, soya sauce, and flavor essences.
- Baking powders, custard powders, chutneys, and mixes sold under Mazda brands and via contract manufacturing, with both domestic and export sales.
3. Recent News and Financial Performance
Recent Developments:
- Secured a ₹98 crore international order for a Multi Effect Evaporator for a Zero Liquid Discharge (ZLD) plant, highlighting Mazda’s technological strength and global competitiveness.
- Ongoing investments in R&D and innovation to expand export presence and sustainable engineering capabilities.
- Robust international order book, particularly in the power and process engineering segments.
- Focused on operational efficiency, production technology upgrades, and expansion across both divisions.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹193 crore |
| Net Profit | ₹25 crore |
| Operating Profit Margin | ~16% |
| Earnings Per Share | ₹12.41 |
| Return on Equity (ROE) | 11% |
| Dividend Payout Ratio | ~29% |
| Debt Level | Virtually debt-free |