Mahindra EPC Irrigation Ltd

Mahindra EPC Irrigation Ltd

₹ 143 1.63%
22 Apr 11:52 a.m.
About

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]

Key Points

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.

  • Market Cap 400 Cr.
  • Current Price 143
  • High / Low 163 / 90.0
  • Stock P/E 118
  • Book Value 58.0
  • Dividend Yield 0.00 %
  • ROCE -7.14 %
  • ROE -7.10 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of 0.54% over past five years.
  • Company has a low return on equity of -0.08% over last 3 years.
  • Company has high debtors of 197 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
80.73 71.54 38.63 55.69 51.13 66.48 47.32 26.30 65.79 70.96 53.25 57.74 80.29
70.55 65.77 42.29 55.15 54.15 65.76 53.97 35.45 66.18 67.98 53.14 57.15 76.40
Operating Profit 10.18 5.77 -3.66 0.54 -3.02 0.72 -6.65 -9.15 -0.39 2.98 0.11 0.59 3.89
OPM % 12.61% 8.07% -9.47% 0.97% -5.91% 1.08% -14.05% -34.79% -0.59% 4.20% 0.21% 1.02% 4.84%
0.25 1.02 -0.65 -0.11 -0.13 0.23 0.04 0.04 0.88 1.59 0.02 0.11 -0.09
Interest 0.10 0.40 0.27 0.65 0.44 0.62 0.73 0.59 0.44 0.46 0.57 0.66 0.73
Depreciation 0.76 0.79 0.79 0.79 0.80 0.78 0.77 0.76 0.76 0.79 0.78 0.78 0.78
Profit before tax 9.57 5.60 -5.37 -1.01 -4.39 -0.45 -8.11 -10.46 -0.71 3.32 -1.22 -0.74 2.29
Tax % 20.06% 27.68% 27.93% 0.00% 13.67% 113.33% 21.82% 21.03% 47.89% 17.77% 33.61% 8.11% 27.07%
7.65 4.04 -3.87 -1.01 -3.79 0.06 -6.34 -8.26 -0.37 2.73 -0.81 -0.68 1.67
EPS in Rs 2.75 1.45 -1.39 -0.36 -1.36 0.02 -2.27 -2.96 -0.13 0.98 -0.29 -0.24 0.60
Raw PDF
Upcoming result date: tomorrow

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
125 161 175 169 203 201 205 260 284 254 212 210 262
115 154 164 165 192 189 193 240 247 228 217 224 255
Operating Profit 10 8 10 4 11 13 12 20 37 26 -5 -13 8
OPM % 8% 5% 6% 2% 5% 6% 6% 8% 13% 10% -3% -6% 3%
2 3 2 2 2 2 2 1 1 3 -1 3 2
Interest 3 2 2 1 0 2 0 1 2 1 2 2 2
Depreciation 2 3 3 3 3 3 3 3 4 3 3 3 3
Profit before tax 7 5 8 3 10 10 10 17 32 25 -11 -16 4
Tax % 7% 0% 0% 33% 15% -2% 52% 32% 28% 24% 23% 23%
7 5 8 2 9 10 5 11 23 19 -9 -12 3
EPS in Rs 2.41 1.93 2.79 0.65 3.16 3.58 1.78 4.12 8.38 6.89 -3.09 -4.39 1.05
Dividend Payout % 0% 0% 0% 0% 0% 0% 28% 24% 14% 17% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 1%
3 Years: -10%
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 123%
Stock Price CAGR
10 Years: 3%
5 Years: 4%
3 Years: -1%
1 Year: 54%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 0%
Last Year: -7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 17 28 28 28 28 28 28 28 28 28 28 28 28
Reserves 43 78 85 87 96 107 112 122 143 159 147 136 134
28 14 16 1 0 0 4 3 13 0 25 15 31
25 25 33 37 46 49 53 68 80 81 79 75 79
Total Liabilities 113 144 163 152 170 183 196 221 264 268 280 253 272
29 31 32 30 27 25 25 24 28 26 23 22 21
CWIP 0 0 0 0 0 1 0 0 0 0 0 0 1
Investments 0 0 0 0 0 5 0 2 2 2 1 0 0
84 113 130 122 143 152 171 195 234 241 256 231 250
Total Assets 113 144 163 152 170 183 196 221 264 268 280 253 272

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-6 1 -14 19 -3 -5 -15 5 10 11 -23 19
-13 -24 15 2 6 -4 6 -3 -2 -1 -1 -2
-12 25 1 -17 -0 -1 3 -3 3 -17 20 -12
Net Cash Flow -30 2 1 4 2 -9 -6 -0 11 -7 -4 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 110 96 122 123 136 165 191 175 165 200 238 197
Inventory Days 111 83 115 96 85 104 113 68 97 94 99 116
Days Payable 71 57 64 81 80 108 125 136 178 176 170 164
Cash Conversion Cycle 151 122 173 138 142 161 179 107 85 118 167 150
Working Capital Days 100 99 110 113 112 145 172 130 126 158 212 200
ROCE % 11% 8% 8% 3% 9% 9% 7% 12% 20% 14% -4% -7%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.40% 54.40% 54.40% 54.40% 54.31% 54.31% 54.31% 54.31% 54.26% 54.26% 54.26% 54.26%
0.00% 0.04% 0.01% 0.10% 0.00% 0.11% 0.01% 0.01% 0.13% 0.19% 0.05% 0.11%
45.60% 45.56% 45.59% 45.50% 45.69% 45.60% 45.70% 45.68% 45.62% 45.56% 45.70% 45.63%
No. of Shareholders 32,00732,28131,80931,93131,70031,00230,40230,02829,67328,95129,41529,175

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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