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 ₹ 271 Cr.
- Current Price ₹ 97.0
- High / Low ₹ 162 / 91.9
- Stock P/E 24.5
- 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
Part of BSE Industrials
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 169 | 203 | 201 | 205 | 260 | 284 | 254 | 212 | 210 | 262 | 273 | 312 | 304 | |
| 165 | 192 | 189 | 193 | 240 | 247 | 228 | 217 | 224 | 257 | 259 | 290 | 287 | |
| Operating Profit | 4 | 11 | 13 | 12 | 20 | 37 | 26 | -5 | -13 | 6 | 14 | 22 | 17 |
| OPM % | 2.4% | 5% | 6% | 6% | 8% | 13% | 10% | -2.6% | -6% | 2.2% | 5% | 7% | 6% |
| 2 | 2 | 2 | 2 | 1 | 1 | 3 | -1 | 3 | 3 | 2 | 2 | 2 | |
| Interest | 1 | 0 | 2 | 0 | 1 | 2 | 1 | 2 | 2 | 3 | 2 | 3 | 3 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 3 | 10 | 10 | 10 | 17 | 32 | 25 | -11 | -16 | 2 | 11 | 17 | 13 |
| 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 | 10 | |
| 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 | 3.41 |
| 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: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -6% |
| 3 Years: | 47% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -7% |
| 3 Years: | -7% |
| 1 Year: | -36% |
| 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 / 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 2016 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Non-subsidy revenue share % |
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| Number of permanent employees count |
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| Number of states served (geographic markets) count |
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| Market share in micro irrigation systems (MIS) industry % |
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| Work order pipeline for irrigation projects INR Crore |
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Extracted by Screener AI
Documents
Announcements
- Closure of Trading Window
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- 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)-Newspaper Publication
- Mahindra EPC Irrigation Limited has informed about Copy of Newspaper Publication regarding extract newspaper advertisements for publication of the Company''s Un-Audited Standalone ....
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Announcement under Regulation 30 (LODR)-Change in Management
- Board approved Q1 FY27 results; appointed Vimal Agarwal internal auditor and Rajeev Goyal chairman on July 16, 2026.
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Financial Results For The Quarter Ended June 30, 2026.
- Board approved June 30, 2026 unaudited results; appointed internal auditor Vimal Agarwal and chairman Rajeev Goyal.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Apr 2026Transcript REC
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Nov 2025Transcript
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Apr 2025Transcript
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Feb 2024Transcript
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May 2023Transcript
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Nov 2022Transcript
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May 2022Transcript
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Nov 2021Transcript
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May 2021Transcript
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Oct 2020Transcript
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.