Mahindra EPC Irrigation Limited MAHEPC NSEINFRA
Mahindra EPC Irrigation Limited manufactures, sells, and markets micro irrigation systems in India and Uganda. The company's drip irrigation products include online drip irrigation products, such as drippers and plain irrigation lateral products; and inline drip irrigation products comprising non-pressure compensating (PC) flat, non-PC round, PC flat, and LITE products. It also offers drip irrigation components consisting of plastic and metallic hydro-cylone, vertical and horizontal sand, plastic and metal shell screen, disc, and semi-automatic screen filters; metallic and plastic header assemblies; venturies and fertilizer tanks; PP ball, butterfly, non-return, and PP flush control valves; pressure relief, vacuum breaker, and air release safety valves; and aquafit laterals accessories comprising straight connector, bend, equal tee, and start nipple. In addition, the company provides sprinkler irrigation products, such as various sprinklers, quick pipes coupling sprinkler pipes and fittings, and rainguns; automation systems; protected cultivation; HDPE pipes and coils; and DIY kits, including water reservoir, tubing, drip emitters, and fittings. Further, it offers agricultural services; crop advisory for land preparation, drip system selection, crop and irrigation management, and fertigation management; and technical services, including operation and maintenance training, and chemical treatment. The company also exports its products. The company was formerly known as EPC Industrie Limited and changed its name to Mahindra EPC Irrigation Limited in February 2019. Mahindra EPC Irrigation Limited was incorporated in 1981 and is based in Nashik, India. Mahindra EPC Irrigation Limited is a subsidiary of Mahindra & Mahindra Limited.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 14.1% over 5 years.
- Profit CAGR of 67.7% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 35.6% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MAHEPC Mahindra EPC Irrigation Limited NSEINFRA | 116.94 | 25.76 | ₹326.86 Cr | - | 10.82% | 7.10% | 14.07% | 67.70% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
Quarterly Results
Figures in INR.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 81.45 Cr | 95.89 Cr | 62.17 Cr | 93.47 Cr | 107.00 Cr |
| Cost of Revenue | 41.46 Cr | 43.07 Cr | 24.43 Cr | 44.86 Cr | 49.53 Cr |
| Gross Profit | 39.99 Cr | 52.82 Cr | 37.74 Cr | 48.61 Cr | 57.47 Cr |
| Operating Expenses | 31.14 Cr | 44.17 Cr | 35.67 Cr | 38.93 Cr | 51.22 Cr |
| Operating Income | 8.85 Cr | 8.65 Cr | 2.07 Cr | 9.68 Cr | 6.25 Cr |
| EBITDA | 9.81 Cr | 11.13 Cr | 2.87 Cr | 10.21 Cr | 8.04 Cr |
| Interest Expense | 47.00 L | 76.00 L | 76.00 L | 69.00 L | 89.00 L |
| Pretax Income | 8.53 Cr | 9.43 Cr | 1.31 Cr | 8.74 Cr | 6.36 Cr |
| Tax Provision | 2.18 Cr | 3.18 Cr | 33.00 L | 2.25 Cr | 1.57 Cr |
| Net Income | 6.35 Cr | 6.25 Cr | 98.00 L | 6.49 Cr | 4.79 Cr |
| Diluted EPS | 2.27 | 2.24 | 0.35 | 2.32 | 1.71 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 210.10 Cr | 262.33 Cr | 272.42 Cr | 311.84 Cr |
| Cost of Revenue | - | 134.82 Cr | 151.36 Cr | 136.12 Cr | 141.49 Cr |
| Gross Profit | - | 75.28 Cr | 110.97 Cr | 136.30 Cr | 170.35 Cr |
| Operating Expenses | - | 91.44 Cr | 108.08 Cr | 125.64 Cr | 151.87 Cr |
| Operating Income | - | -16.16 Cr | 2.89 Cr | 10.66 Cr | 18.48 Cr |
| EBITDA | - | -10.71 Cr | 8.30 Cr | 16.36 Cr | 23.29 Cr |
| Interest Expense | - | 2.22 Cr | 2.71 Cr | 2.29 Cr | 3.14 Cr |
| Pretax Income | - | -16.03 Cr | 2.43 Cr | 10.71 Cr | 16.99 Cr |
| Tax Provision | - | -3.72 Cr | 76.00 L | 3.50 Cr | 4.30 Cr |
| Net Income | - | -12.31 Cr | 1.67 Cr | 7.21 Cr | 12.69 Cr |
| Diluted EPS | - | -4.41 | 0.60 | 2.58 | 4.54 |
Compounded Sales Growth
| 5 Years: | 14.07% |
| 1 Year: | 11.60% |
Compounded Profit Growth
| 5 Years: | 67.70% |
| 1 Year: | -23.70% |
Stock Price Performance
| 1 Year: | -17.91% |
| 6 Months: | -7.96% |
| 3 Months: | -2.04% |
| 1 Month: | -0.81% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 253.18 Cr | 257.09 Cr | 291.53 Cr | 351.67 Cr |
| Current Assets | - | 196.40 Cr | 213.84 Cr | 251.87 Cr | 288.00 Cr |
| Cash & Equivalents | - | 4.42 Cr | 20.00 L | 1.69 Cr | 3.00 L |
| Inventory | - | 40.22 Cr | 44.46 Cr | 41.70 Cr | 36.73 Cr |
| Receivables | - | 113.74 Cr | 145.35 Cr | 173.36 Cr | 216.92 Cr |
| Total Liabilities | - | 89.77 Cr | 91.81 Cr | 118.92 Cr | 166.62 Cr |
| Current Liabilities | - | 89.25 Cr | 91.01 Cr | 118.10 Cr | 165.67 Cr |
| Long Term Debt | - | - | - | - | - |
| Total Debt | - | 15.15 Cr | 15.90 Cr | 25.40 Cr | 45.31 Cr |
| Total Equity | - | 163.41 Cr | 165.28 Cr | 172.61 Cr | 185.05 Cr |
| Shares Outstanding | - | 2.79 Cr | 2.79 Cr | 2.79 Cr | 2.79 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 19.03 Cr | 1.58 Cr | -4.39 Cr | -16.28 Cr |
| Investing Cash Flow | - | -2.40 Cr | -1.67 Cr | -1.53 Cr | -2.09 Cr |
| Financing Cash Flow | - | -12.25 Cr | -4.13 Cr | 7.41 Cr | 16.71 Cr |
| Capital Expenditure | - | -2.18 Cr | -2.48 Cr | -1.96 Cr | -2.17 Cr |
| Free Cash Flow | - | 16.85 Cr | -90.00 L | -6.35 Cr | -18.45 Cr |
| Net Change in Cash | - | 4.38 Cr | -4.22 Cr | 1.49 Cr | -1.66 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 35.8% | 42.3% | 50.0% | 54.6% |
| Operating Margin % | - | -7.7% | 1.1% | 3.9% | 5.9% |
| Net Margin % | - | -5.9% | 0.6% | 2.6% | 4.1% |
| ROE % | - | -7.5% | 1.0% | 4.2% | 6.9% |
| ROCE % | - | -9.9% | 1.7% | 6.1% | 9.9% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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