Mahindra EPC Irrigation
MAHEPC NSE
Mahindra EPC Irrigation
Capital GoodsNSE: MAHEPC BSE: 523754 Industrial Products
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsMarket Cap
₹284 Cr
Volatility
Moderate
P/E Ratio
29.86
EBITDA
₹25.30 Cr
Return on Equity
6.86%
Debt to Equity
0.24
Book Value
₹66.21
52W High
₹162.37
52W Low
₹91.91
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
4- 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.
Growth Rate
Revenue Growth
14.79% higher than
3Y
Net Income Growth
76.39% higher than
3Y
Cash Flow Change
-271%
ROE
64.11% higher than
3Y
ROCE
44.46% lower than
3Y
EBITDA Margin (Avg.)
34.85% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 53.25 | 57.74 | 80.29 | 71.17 | 45.31 | 50.02 | 81.45 | 95.89 | 62.04 | 49.58 | 93.47 | 107 | 54.16 |
| Expenses | 53.14 | 57.15 | 76.4 | 70.05 | 47.68 | 52.97 | 71.79 | 86.3 | 59.3 | 48.23 | 83.01 | 99.96 | 55.52 |
| Operating Profit | 0.11 | 0.59 | 3.89 | 1.12 | -2.37 | -2.95 | 9.66 | 9.59 | 2.74 | 1.35 | 10.46 | 7.04 | -1.36 |
| OPM % | 0.21% | 1.02% | 4.84% | 1.57% | -5.23% | -5.9% | 11.86% | 10% | 4.42% | 2.72% | 11.19% | 6.58% | -2.51% |
| Other Income | 0.02 | 0.11 | -0.09 | 2.54 | 0.1 | 0.63 | 0.15 | 1.54 | 0.13 | 0.82 | -0.25 | 1 | 0.3 |
| Interest | 0.57 | 0.66 | 0.73 | 0.75 | 0.47 | 0.58 | 0.47 | 0.76 | 0.76 | 0.8 | 0.69 | 0.89 | 1.07 |
| Depreciation | 0.78 | 0.78 | 0.78 | 0.81 | 0.8 | 0.81 | 0.81 | 0.94 | 0.8 | 0.79 | 0.78 | 0.79 | 0.72 |
| PBT | -1.22 | -0.74 | 2.29 | 2.1 | -3.54 | -3.71 | 8.53 | 9.43 | 1.31 | 0.58 | 8.74 | 6.36 | -2.85 |
| Tax % | -33.61% | -8.11% | 27.07% | 29.05% | -25.71% | -25.61% | 25.56% | 33.72% | 25.19% | 25.86% | 25.74% | 24.69% | -24.91% |
| Net Profit | -0.81 | -0.68 | 1.67 | 1.49 | -2.63 | -2.76 | 6.35 | 6.25 | 0.98 | 0.43 | 6.49 | 4.79 | -2.14 |
| EPS in Rs | -0.29 | -0.24 | 0.6 | 0.53 | -0.94 | -0.99 | 2.27 | 2.24 | 0.35 | 0.15 | 2.32 | 1.71 | -0.77 |
Profit & Loss
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 169 | 203 | 201 | 205 | 260 | 284 | 254 | 212 | 210 | 262 | 273 | 312 | 304 |
| Expenses | 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% |
| Other Income | 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 |
| PBT | 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% | — |
| Net Profit | 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 | 0.6 | 2.58 | 4.54 | 3.41 |
| Div. Payout % | 0% | 0% | 0% | 28% | 24% | 14% | 17% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 |
| Borrowings | 1 | 0 | 0 | 4 | 3 | 13 | 0 | 25 | 15 | 16 | 25 | 45 |
| Other Liabilities | 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 |
| Fixed Assets | 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 |
| Other Assets | 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 Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 19 | -3 | -5 | -15 | 5 | 10 | 11 | -23 | 19 | 2 | -4 | -16 |
| Investing | 2 | 6 | -4 | 6 | -3 | -2 | -1 | -1 | -2 | -2 | -2 | -2 |
| Financing | -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
| Particulars | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Mahindra EPC Irrigation insights
63 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
11h - Re-submission of Newspaper Publication regarding Corrigendum to the Notice and Annual Report of 44th AGM of the Company to be held on Friday, 29 May, … 11h - Re-submission of Newspaper Publication regarding Corrigendum to the Notice and Annual Report of 44th AGM of the Company to be held on Friday, 29 May, …
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
8 May - Mahindra EPC Irrigation Limited has submitted the extract of Newspaper advertisements for Publication of information regarding Corrigendum to the Notice and Annual Report of (44th) … 8 May - Mahindra EPC Irrigation Limited has submitted the extract of Newspaper advertisements for Publication of information regarding Corrigendum to the Notice and Annual Report of (44th) …
3
Corrigendum To 44Th Annual General Meeting Notice
7 May - AGM shifted to VC/OAVM on May 29, 2026; annual report includes director, auditor, and related-party proposals. 7 May - AGM shifted to VC/OAVM on May 29, 2026; annual report includes director, auditor, and related-party proposals.
4
Reg. 34 (1) Annual Report.
7 May - 44th AGM on May 29, 2026 shifted to VC/OAVM; revised annual report and resolutions issued. 7 May - 44th AGM on May 29, 2026 shifted to VC/OAVM; revised annual report and resolutions issued.
5
Business Responsibility and Sustainability Reporting (BRSR)
2d - 44th AGM on May 29, 2026; annual report, MD reappointment, director appointments, RPT approvals. 2d - 44th AGM on May 29, 2026; annual report, MD reappointment, director appointments, RPT approvals.
Frequently Asked Questions about Mahindra EPC Irrigation
What does Mahindra EPC Irrigation Ltd do?
Incorporated in 1981, Mahindra EPC Irrigation is in the business of manufacturing Micro Irrigation Systems, such as Drip and Sprinklers, and allied products.[1]
Where is Mahindra EPC Irrigation Ltd (MAHEPC) listed?
Mahindra EPC Irrigation Ltd trades as MAHEPC on the NSE and under code 523754 on the BSE.
Which sector does Mahindra EPC Irrigation Ltd belong to?
Mahindra EPC Irrigation Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the market capitalisation of Mahindra EPC Irrigation Ltd?
Mahindra EPC Irrigation Ltd has a market capitalisation of ₹283.76 Cr, which places it in the Small Cap band.
What is the PE ratio of Mahindra EPC Irrigation Ltd?
Mahindra EPC Irrigation Ltd trades at a PE ratio of 29.86, against a book value of ₹66.21 per share.
What is the 52-week high and low of Mahindra EPC Irrigation Ltd?
Over the last 52 weeks Mahindra EPC Irrigation Ltd has traded between ₹91.91 and ₹162.37.
Does Mahindra EPC Irrigation Ltd pay dividends?
Mahindra EPC Irrigation Ltd has a dividend yield of 1.17%.
What is the Return on Equity (ROE) of Mahindra EPC Irrigation Ltd?
Mahindra EPC Irrigation Ltd reported a return on equity of 6.86%. Its debt-to-equity ratio is 0.24.
Company Information
Incorporated in 1981, Mahindra EPC Irrigation is in the business of manufacturing Micro Irrigation Systems, such as Drip and Sprinklers, and allied products.[1]
Website epcmahindra.com
CEO Mr. Abhijit Page
Employees 345
Listed 2020-02-14
Face Value ₹ 10
Issued Size 2,79,42,469
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