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 ₹ 263 Cr.
- Current Price ₹ 94.2
- High / Low ₹ 146 / 91.9
- Stock P/E 20.5
- 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 | 327 | |
| 165 | 192 | 189 | 193 | 240 | 247 | 228 | 217 | 224 | 257 | 259 | 290 | 307 | |
| Operating Profit | 4 | 11 | 13 | 12 | 20 | 37 | 26 | -5 | -13 | 6 | 14 | 22 | 21 |
| 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 | 1 | |
| Interest | 1 | 0 | 2 | 0 | 1 | 2 | 1 | 2 | 2 | 3 | 2 | 3 | 4 |
| 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 | 15 |
| 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 | 11 | |
| 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 | 4.06 |
| 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: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -6% |
| 3 Years: | 47% |
| TTM: | -8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -6% |
| 3 Years: | -6% |
| 1 Year: | -33% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 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 | 157 |
| 1 | 0 | 0 | 4 | 3 | 13 | 0 | 25 | 15 | 16 | 25 | 45 | 44 | |
| 37 | 46 | 49 | 53 | 68 | 80 | 81 | 79 | 75 | 76 | 94 | 121 | 117 | |
| Total Liabilities | 152 | 170 | 183 | 196 | 221 | 264 | 268 | 280 | 253 | 257 | 292 | 352 | 345 |
| 30 | 27 | 25 | 25 | 24 | 28 | 26 | 23 | 22 | 21 | 20 | 19 | 18 | |
| CWIP | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 5 | 0 | 2 | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 0 |
| 122 | 143 | 152 | 171 | 195 | 234 | 241 | 256 | 231 | 236 | 271 | 332 | 327 | |
| Total Assets | 152 | 170 | 183 | 196 | 221 | 264 | 268 | 280 | 253 | 257 | 292 | 352 | 345 |
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Number of manufacturing plants count |
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| Sales to dealers/distributors as % of total sales % |
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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
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Mahindra EPC Irrigation Limited has informed about the Copy of Newspaper Publication regarding extract newspaper advertisements for publication of the Company''s Un-Audited ....
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Intimation Under Regulation 8(2) Of The Securities Exchange Board Of India (Prohibition Of Insider Trading) Regulations, 2015
- Board approved amended fair disclosure code under PIT Regulations on October 15, 2026.
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Disclosure Under Regulation 30(5) Of The SEBI (LODR) Regulations, 2015
- Updated Regulation 30(5) authorised KMP contact details and Disclosure Committee appointment.
- Financial Results For The Quarter And Half Year Ended September 30, 2026
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Board Meeting Outcome for Outcome Under Regulation 30 & 33 Of SEBI (Listing Obligations And Disclosures Requirements) Regulations 2015 ('LODR') For The Meeting Of The Board Of The Company Held Today I.E. October 15, 2026.
- Board approved unaudited standalone and consolidated results for quarter and half year ended September 30, 2026.
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.