Mahindra EPC Irrigation Ltd
Incorporated in 1986, Mahindra EPC Irrigation is in the business of Micro Irrigation Systems viz. Drip and Sprinklers, Agricultural Pumps, Greenhouses, and Landscape Products[1]
- Market Cap ₹ 378 Cr.
- Current Price ₹ 135
- High / Low ₹ 163 / 97.6
- Stock P/E 226
- Book Value ₹ 59.2
- Dividend Yield 0.00 %
- ROCE 2.86 %
- ROE 1.02 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 0.18% over past five years.
- Company has a low return on equity of -3.60% over last 3 years.
- Earnings include an other income of Rs.3.06 Cr.
- Company has high debtors of 202 days.
* 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.
Peer comparison
Sector: Plastic products Industry: Plastics Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
260 | 284 | 254 | 212 | 210 | 262 | |
240 | 247 | 228 | 218 | 224 | 257 | |
Operating Profit | 20 | 37 | 26 | -6 | -13 | 5 |
OPM % | 8% | 13% | 10% | -3% | -6% | 2% |
1 | 1 | 3 | 0 | 3 | 3 | |
Interest | 1 | 2 | 1 | 2 | 2 | 3 |
Depreciation | 3 | 4 | 3 | 3 | 3 | 3 |
Profit before tax | 17 | 32 | 25 | -11 | -16 | 2 |
Tax % | 33% | 28% | 24% | 25% | 23% | 31% |
11 | 23 | 19 | -8 | -12 | 2 | |
EPS in Rs | 4.07 | 8.29 | 6.81 | -2.84 | -4.41 | 0.60 |
Dividend Payout % | 25% | 14% | 18% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | 1% |
TTM: | 25% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -32% |
3 Years: | -56% |
TTM: | 114% |
Stock Price CAGR | |
---|---|
10 Years: | -2% |
5 Years: | 3% |
3 Years: | -4% |
1 Year: | 39% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | -4% |
Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Equity Capital | 28 | 28 | 28 | 28 | 28 | 28 |
Reserves | 122 | 142 | 158 | 148 | 136 | 137 |
3 | 13 | 0 | 25 | 15 | 16 | |
68 | 80 | 81 | 79 | 75 | 76 | |
Total Liabilities | 221 | 264 | 268 | 280 | 253 | 257 |
24 | 28 | 26 | 23 | 22 | 21 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 2 | 1 | 1 | 1 | 0 | 0 |
195 | 234 | 241 | 256 | 231 | 236 | |
Total Assets | 221 | 264 | 268 | 280 | 253 | 257 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
5 | 10 | 11 | -23 | 19 | 2 | |
-3 | -2 | -1 | -1 | -2 | -2 | |
-3 | 3 | -17 | 20 | -12 | -4 | |
Net Cash Flow | -0 | 11 | -7 | -4 | 4 | -4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Debtor Days | 175 | 165 | 200 | 238 | 197 | 202 |
Inventory Days | 68 | 97 | 94 | 99 | 116 | 116 |
Days Payable | 136 | 178 | 176 | 170 | 164 | 161 |
Cash Conversion Cycle | 107 | 85 | 118 | 167 | 150 | 158 |
Working Capital Days | 130 | 126 | 158 | 212 | 200 | 189 |
ROCE % | 20% | 14% | -4% | -7% |
Documents
Announcements
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Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
14 May - With reference to announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 the company wishes to inform that the company has received an order from …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
24 Apr - Copy of Annual Secretarial Compliance Report dated 23rd April 2024 for the Financial Year 2023-24 issued by MMJB & Associates LLP, Company Secretaries, Mumbai, Practicing …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Apr - Copies of Newspaper Advertisements regarding extract of the Company''s Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March 2024, published …
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
23 Apr - The Company has allotted 21,383 Equity shares of Rs. 10 each on 23rd April, 2024 to the employees under Company''s Employees Stock options scheme 2014.
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Announcement under Regulation 30 (LODR)-Change in Management
23 Apr - M/s. MMJB and Associate LLP, Mumbai, Practising Company Secretaries, Mumbai are appointed as Secretarial Auditors and M/s R C K and Company, Pune, Cost Accountants …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Feb 2024TranscriptPPT
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May 2023TranscriptPPT
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Nov 2022TranscriptPPT
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May 2022TranscriptPPT
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Nov 2021TranscriptPPT
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May 2021TranscriptPPT
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Oct 2020TranscriptPPT
Business Overview:[1]
MEPCL is a part of Mahindra Agriculture Business, which is under Mahindra and Mahindra Limited’s Farm Equipment Sector. It is an ISO: 9001-2015 certified company which provides Irrigation and Water Management solutions to farmers. It works in Micro Irrigation, Water Management, Irrigation Automations, Community Irrigation and Protected Cultivation.