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 ₹ 339 Cr.
- Current Price ₹ 121
- High / Low ₹ 185 / 91.9
- Stock P/E 23.9
- Book Value ₹ 66.2
- Dividend Yield 0.00 %
- ROCE 10.3 %
- ROE 7.93 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 4.19% over past five years.
- Company has a low return on equity of 4.57% over last 3 years.
- Company has high debtors of 254 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 169 | 203 | 201 | 205 | 260 | 284 | 254 | 212 | 210 | 262 | 273 | 312 | |
| 165 | 192 | 189 | 193 | 240 | 247 | 228 | 217 | 224 | 257 | 259 | 290 | |
| Operating Profit | 4 | 11 | 13 | 12 | 20 | 37 | 26 | -5 | -13 | 6 | 14 | 22 |
| OPM % | 2% | 5% | 6% | 6% | 8% | 13% | 10% | -3% | -6% | 2% | 5% | 7% |
| 2 | 2 | 2 | 2 | 1 | 1 | 3 | -1 | 3 | 3 | 2 | 2 | |
| Interest | 1 | 0 | 2 | 0 | 1 | 2 | 1 | 2 | 2 | 3 | 2 | 3 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 3 | 10 | 10 | 10 | 17 | 32 | 25 | -11 | -16 | 2 | 11 | 17 |
| Tax % | 33% | 15% | -2% | 52% | 32% | 28% | 24% | -23% | -23% | 31% | 33% | 25% |
| 2 | 9 | 10 | 5 | 11 | 23 | 19 | -9 | -12 | 2 | 7 | 13 | |
| EPS in Rs | 0.65 | 3.16 | 3.58 | 1.78 | 4.12 | 8.38 | 6.89 | -3.09 | -4.39 | 0.60 | 2.58 | 4.54 |
| Dividend Payout % | 0% | 0% | 0% | 28% | 24% | 14% | 17% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 4% |
| 3 Years: | 14% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -6% |
| 3 Years: | 47% |
| TTM: | 97% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -4% |
| 3 Years: | 7% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 0% |
| 3 Years: | 5% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
| Reserves | 87 | 96 | 107 | 112 | 122 | 143 | 159 | 147 | 136 | 137 | 145 | 157 |
| 1 | 0 | 0 | 4 | 3 | 13 | 0 | 25 | 15 | 16 | 25 | 45 | |
| 37 | 46 | 49 | 53 | 68 | 80 | 81 | 79 | 75 | 76 | 94 | 121 | |
| Total Liabilities | 152 | 170 | 183 | 196 | 221 | 264 | 268 | 280 | 253 | 257 | 292 | 352 |
| 30 | 27 | 25 | 25 | 24 | 28 | 26 | 23 | 22 | 21 | 20 | 19 | |
| CWIP | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 5 | 0 | 2 | 2 | 2 | 1 | 0 | 0 | 0 | 0 |
| 122 | 143 | 152 | 171 | 195 | 234 | 241 | 256 | 231 | 236 | 271 | 332 | |
| Total Assets | 152 | 170 | 183 | 196 | 221 | 264 | 268 | 280 | 253 | 257 | 292 | 352 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19 | -3 | -5 | -15 | 5 | 10 | 11 | -23 | 19 | 2 | -4 | -16 | |
| 2 | 6 | -4 | 6 | -3 | -2 | -1 | -1 | -2 | -2 | -2 | -2 | |
| -17 | -0 | -1 | 3 | -3 | 3 | -17 | 20 | -12 | -4 | 7 | 17 | |
| Net Cash Flow | 4 | 2 | -9 | -6 | -0 | 11 | -7 | -4 | 4 | -4 | 1 | -2 |
| Free Cash Flow | 18 | -3 | -5 | -16 | 3 | 7 | 10 | -24 | 17 | -1 | -6 | -18 |
| CFO/OP | 497% | -12% | -25% | -101% | 51% | 59% | 74% | 383% | -155% | 14% | -18% | -76% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 123 | 136 | 165 | 191 | 175 | 165 | 200 | 238 | 197 | 202 | 232 | 254 |
| Inventory Days | 96 | 85 | 104 | 113 | 68 | 97 | 94 | 99 | 116 | 116 | 121 | 96 |
| Days Payable | 81 | 80 | 108 | 125 | 136 | 178 | 176 | 170 | 164 | 161 | 208 | 246 |
| Cash Conversion Cycle | 138 | 142 | 161 | 179 | 107 | 85 | 118 | 167 | 150 | 158 | 145 | 103 |
| Working Capital Days | 113 | 112 | 145 | 166 | 125 | 109 | 158 | 168 | 174 | 168 | 174 | 141 |
| ROCE % | 3% | 9% | 9% | 7% | 12% | 20% | 14% | -4% | -7% | 3% | 7% | 10% |
Insights
In beta| Mar 2015 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtors Turnover Days Days |
|
||||||||
| Number of Branches Number |
|||||||||
| Non-Subsidy Revenue Contribution % |
|||||||||
| Number of Channel Partners (Dealers) Number |
|||||||||
| Material Cost as % of Revenue % |
|||||||||
| Installed Rooftop Solar Capacity kWA |
|||||||||
| Order Book / Unrecognized Performance Obligations Rs. Crores |
|||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
10m - Mahindra EPC Irrigation Limited has informed about Copy of Newspaper Publication regarding extract of Newspaper advertisements for Publication of information regarding 44th Annual General Meeting …
-
Reg. 34 (1) Annual Report.
23h - 44th AGM on May 29, 2026; annual report issued, with director and related-party resolutions proposed.
-
Business Responsibility and Sustainability Reporting (BRSR)
23h - 44th AGM on May 29, 2026; annual report, MD reappointment, director appointments, RPT approvals.
-
Notice Of 44Th Annual General Meeting For The Financial Year Ended On 31St March, 2026 Schedule To Be Held Friday, May 29, 2026.
23h - 44th AGM on May 29, 2026; annual report issued, including director and related party resolutions.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
29 Apr - In compliance with the SEBI LODR Regulations, please find attached the transcript of the earnings conference call held on Wednesday April 22, 2026.
Annual reports
-
Financial Year 2026
from bse
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
Concalls
-
Apr 2026TranscriptPPTREC
-
Nov 2025TranscriptPPT
-
Apr 2025TranscriptPPT
-
Feb 2024TranscriptPPT
-
May 2023TranscriptPPT
-
Nov 2022TranscriptPPT
-
May 2022TranscriptPPT
-
Nov 2021TranscriptPPT
-
May 2021TranscriptPPT
-
Oct 2020TranscriptPPT
Holding Company
Mahindra & Mahindra Limited holds 1,51,44,433 (54.2% stake) equity shares in the Company, and it continues to remain a subsidiary of M&M.