Mahindra EPC Irrigation Ltd
Incorporated in 1981, Mahindra EPC Irrigation is in the business of manufacturing Micro Irrigation Systems, such as Drip and Sprinklers, and allied products.[1]
- Market Cap ₹ 326 Cr.
- Current Price ₹ 117
- High / Low ₹ 185 / 91.9
- Stock P/E 23.0
- 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: | -4% |
| 5 Years: | -5% |
| 3 Years: | 3% |
| 1 Year: | -15% |
| 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 |
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| Material Cost as % of Revenue % |
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| Installed Rooftop Solar Capacity kWA |
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| Order Book / Unrecognized Performance Obligations Rs. Crores |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - The copies of Newspaper Advertisement of the notice of transfer of Unclaimed Dividend and Equity Shares of the Company to Investor Education and Protection ....
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2d - Won four micro-irrigation contracts worth Rs.17.15 crore for 680 Ha, to be executed in 11 months.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Jun - Mahindra EPC Irrigation Limited has informed about Copy of Newspaper Publication intimating the shareholders about opening of a ''''Special Window for Re-lodgement of Transfer ....
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
11 Jun - Awarded domestic contract to supply micro pressurized irrigation systems for 100 Ha; value approx Rs.3.32 crore, 11 months.
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Shareholder Meeting / Postal Ballot-Scrutinizers Report
1 Jun - 44th AGM resolutions, including financial statements, auditor reappointment and MD reappointment, approved by shareholders.
Annual reports
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Financial Year 2026
from bse
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Financial Year 2025
from bse
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Financial Year 2024
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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
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
Concalls
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Apr 2026TranscriptPPTREC
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Nov 2025TranscriptPPT
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Apr 2025TranscriptPPT
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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
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.