Mahindra EPC Irrigation Ltd

Mahindra EPC Irrigation Ltd

₹ 121 2.09%
06 May - close price
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

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.

  • 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 4.50% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
70.96 53.25 57.74 80.29 71.17 45.31 50.02 81.45 95.89 62.04 49.58 93.47 107.00
68.10 53.30 57.26 76.54 70.12 47.68 52.97 71.79 86.30 59.30 48.23 83.01 99.96
Operating Profit 2.86 -0.05 0.48 3.75 1.05 -2.37 -2.95 9.66 9.59 2.74 1.35 10.46 7.04
OPM % 4.03% -0.09% 0.83% 4.67% 1.48% -5.23% -5.90% 11.86% 10.00% 4.42% 2.72% 11.19% 6.58%
1.72 0.18 0.22 0.05 2.61 0.10 0.63 0.15 1.54 0.13 0.82 -0.25 1.00
Interest 0.46 0.57 0.66 0.73 0.75 0.47 0.58 0.47 0.76 0.76 0.80 0.69 0.89
Depreciation 0.79 0.78 0.78 0.78 0.81 0.80 0.81 0.81 0.94 0.80 0.79 0.78 0.79
Profit before tax 3.33 -1.22 -0.74 2.29 2.10 -3.54 -3.71 8.53 9.43 1.31 0.58 8.74 6.36
Tax % 17.72% -33.61% -8.11% 27.07% 29.05% -25.71% -25.61% 25.56% 33.72% 25.19% 25.86% 25.74% 24.69%
2.74 -0.81 -0.68 1.67 1.49 -2.63 -2.76 6.35 6.25 0.98 0.43 6.49 4.79
EPS in Rs 0.98 -0.29 -0.24 0.60 0.53 -0.94 -0.99 2.27 2.24 0.35 0.15 2.32 1.71
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
260 284 254 212 210 262 273 312
240 247 228 218 224 257 259 290
Operating Profit 20 37 26 -6 -13 5 14 22
OPM % 8% 13% 10% -3% -6% 2% 5% 7%
1 1 3 0 3 3 2 2
Interest 1 2 1 2 2 3 2 3
Depreciation 3 4 3 3 3 3 3 3
Profit before tax 17 32 25 -11 -16 2 11 17
Tax % 33% 28% 24% -25% -23% 31% 33% 25%
11 23 19 -8 -12 2 7 13
EPS in Rs 4.07 8.29 6.81 -2.84 -4.41 0.60 2.58 4.54
Dividend Payout % 25% 14% 18% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 14%
TTM: 14%
Compounded Profit Growth
10 Years: %
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: %
5 Years: 0%
3 Years: 5%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
Reserves 122 142 158 148 136 137 145 157
3 13 0 25 15 16 25 45
68 80 81 79 75 76 94 121
Total Liabilities 221 264 268 280 253 257 292 352
24 28 26 23 22 21 20 19
CWIP 0 0 0 0 0 0 0 0
Investments 2 1 1 1 0 0 0 0
195 234 241 256 231 236 271 332
Total Assets 221 264 268 280 253 257 292 352

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
5 10 11 -23 19 2 -4 -16
-3 -2 -1 -1 -2 -2 -2 -2
-3 3 -17 20 -12 -4 7 17
Net Cash Flow -0 11 -7 -4 4 -4 1 -2
Free Cash Flow 3 7 10 -24 17 -1 -6 -18
CFO/OP 51% 60% 75% 356% -152% 15% -18% -76%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 175 165 200 238 197 202 232 254
Inventory Days 68 97 94 99 116 116 121 96
Days Payable 136 178 176 170 164 161 208 246
Cash Conversion Cycle 107 85 118 167 150 158 145 103
Working Capital Days 125 109 158 168 174 168 174 141
ROCE % 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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Number of Branches
Number ・Standalone data
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

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
54.26% 54.26% 54.26% 54.26% 54.21% 54.21% 54.21% 54.21% 54.20% 54.20% 54.20% 54.20%
0.13% 0.19% 0.05% 0.11% 0.60% 0.20% 0.08% 0.01% 0.07% 0.02% 0.01% 0.02%
45.62% 45.56% 45.70% 45.63% 45.18% 45.58% 45.71% 45.78% 45.72% 45.78% 45.78% 45.76%
No. of Shareholders 29,67328,95129,41529,17527,47127,34527,83528,76428,65329,16826,63426,252

* 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.

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