Mahindra EPC Irrigation Limited MAHEPC NSEINFRA
Company Overview
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. 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; project management and designing services; 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.
Why Investors Should Care
Net profit has compounded at 67.7% per year over the last five years.
Revenue has grown at a 14.1% CAGR over the past five years.
Trades at a P/E of 27.0, below the sector median of 29.6.
Carries low leverage with a debt-to-equity ratio of 0.24.
Recent Developments
- Mar 2026 Revenue of ₹311.84 Cr (+14.5% YoY); net profit ₹12.69 Cr.
- Trailing 12 Months Year-on-year growth — revenue +14.5%, earnings +76.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 14.1%, profit CAGR 67.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 14.07% |
| 1 Year: | 14.47% |
Compounded Profit Growth
| 5 Years: | 67.70% |
| 1 Year: | 76.01% |
Stock Price Performance
| 1 Year: | -13.61% |
| 6 Months: | -4.22% |
| 3 Months: | -2.42% |
| 1 Month: | +8.55% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMABelow
- RSI (14)61.45 · Neutral
P/E of 27.04 is below the sector median of 29.60 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
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 Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 14.1% over 5 years.
- Profit CAGR of 67.7% over 5 years.
CONS
- Trading 32.4% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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 | 122.77 | 27.04 | ₹343.05 Cr | 0.00% | 10.82% | 6.86% | 14.07% | 67.70% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,849.40 | 32.93 | ₹5.30 L Cr | 0.96% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,834.20 | 31.50 | ₹4.23 L Cr | 0.42% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 410.75 | 56.42 | ₹3.00 L Cr | 1.05% | 31.88% | 25.27% | 16.63% | 26.64% |
| 5 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,463.30 | 32.75 | ₹2.98 L Cr | 0.44% | 13.80% | 22.21% | 7.87% | 16.08% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 5,202.50 | -84.07 | ₹2.01 L Cr | 0.24% | 4.02% | -34.31% | 16.59% | -227.40% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,535.50 | 64.97 | ₹1.53 L Cr | 1.17% | 34.95% | 27.87% | 16.07% | 24.35% |
| 8 | ABB ABB India Limited NSEAIINFRA | 6,951.50 | 88.30 | ₹1.47 L Cr | 0.58% | 28.45% | 21.29% | 15.41% | 17.97% |
| 9 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 33,005.00 | 148.92 | ₹1.47 L Cr | 0.02% | 24.92% | 19.09% | 22.24% | 119.12% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 70.96 Cr | 53.25 Cr | 57.74 Cr | 80.29 Cr | 71.17 Cr | 45.31 Cr | 50.02 Cr | 81.45 Cr | 95.89 Cr | 62.17 Cr | 49.58 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 | 68.10 Cr | 53.30 Cr | 57.26 Cr | 76.54 Cr | 70.12 Cr | 47.68 Cr | 52.97 Cr | 31.14 Cr | 44.17 Cr | 35.67 Cr | 48.23 Cr | 38.93 Cr | 51.22 Cr |
| Operating Income | 2.07 Cr | -83.00 L | -30.00 L | 2.97 Cr | 24.00 L | -3.17 Cr | -3.76 Cr | 8.85 Cr | 8.65 Cr | 2.07 Cr | 56.00 L | 9.68 Cr | 6.25 Cr |
| EBITDA | 2.86 Cr | -5.00 L | 48.00 L | 3.75 Cr | 1.05 Cr | -2.37 Cr | -2.95 Cr | 9.81 Cr | 11.13 Cr | 2.87 Cr | 1.35 Cr | 10.21 Cr | 8.04 Cr |
| Interest Expense | 46.00 L | 57.00 L | 66.00 L | 73.00 L | 75.00 L | 47.00 L | 58.00 L | 47.00 L | 76.00 L | 76.00 L | 80.00 L | 69.00 L | 89.00 L |
| Pretax Income | 3.33 Cr | -1.22 Cr | -74.00 L | 2.29 Cr | 2.10 Cr | -3.54 Cr | -3.71 Cr | 8.53 Cr | 9.43 Cr | 1.31 Cr | 58.00 L | 8.74 Cr | 6.36 Cr |
| Tax Provision | 59.01 L | 41.00 L | 6.00 L | 61.99 L | 61.01 L | 91.01 L | 95.01 L | 2.18 Cr | 3.18 Cr | 33.00 L | 15.00 L | 2.25 Cr | 1.57 Cr |
| Net Income | 2.74 Cr | -81.00 L | -68.00 L | 1.67 Cr | 1.49 Cr | -2.63 Cr | -2.76 Cr | 6.35 Cr | 6.25 Cr | 98.00 L | 43.00 L | 6.49 Cr | 4.79 Cr |
| Diluted EPS | 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 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 260.00 Cr | 284.00 Cr | 254.00 Cr | - | 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 | 240.00 Cr | 247.00 Cr | 228.00 Cr | - | 91.44 Cr | 108.08 Cr | 125.64 Cr | 151.87 Cr |
| Operating Income | 17.00 Cr | 33.00 Cr | 23.00 Cr | - | -16.16 Cr | 2.89 Cr | 10.66 Cr | 18.48 Cr |
| EBITDA | 20.00 Cr | 37.00 Cr | 26.00 Cr | - | -10.71 Cr | 8.30 Cr | 16.36 Cr | 23.29 Cr |
| Interest Expense | 1.00 Cr | 2.00 Cr | 1.00 Cr | - | 2.22 Cr | 2.71 Cr | 2.29 Cr | 3.14 Cr |
| Pretax Income | 17.00 Cr | 32.00 Cr | 25.00 Cr | - | -16.03 Cr | 2.43 Cr | 10.71 Cr | 16.99 Cr |
| Tax Provision | 5.61 Cr | 8.96 Cr | 6.00 Cr | - | -3.72 Cr | 76.00 L | 3.50 Cr | 4.30 Cr |
| Net Income | 11.00 Cr | 23.00 Cr | 19.00 Cr | - | -12.31 Cr | 1.67 Cr | 7.21 Cr | 12.69 Cr |
| Diluted EPS | 4.07 | 8.29 | 6.81 | - | -4.41 | 0.60 | 2.58 | 4.54 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 221.00 Cr | 264.00 Cr | 268.00 Cr | - | 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 | 3.00 Cr | 13.00 Cr | 0 | - | 15.15 Cr | 15.90 Cr | 25.40 Cr | 45.31 Cr |
| Total Equity | 150.00 Cr | 170.00 Cr | 186.00 Cr | - | 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 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 5.00 Cr | 10.00 Cr | 11.00 Cr | - | 19.03 Cr | 1.58 Cr | -4.39 Cr | -16.28 Cr |
| Investing Cash Flow | -3.00 Cr | -2.00 Cr | -1.00 Cr | - | -2.40 Cr | -1.67 Cr | -1.53 Cr | -2.09 Cr |
| Financing Cash Flow | -3.00 Cr | 3.00 Cr | -17.00 Cr | - | -12.25 Cr | -4.13 Cr | 7.41 Cr | 16.71 Cr |
| Capital Expenditure | -2.00 Cr | -3.00 Cr | -1.00 Cr | - | -2.18 Cr | -2.48 Cr | -1.96 Cr | -2.17 Cr |
| Free Cash Flow | 3.00 Cr | 7.00 Cr | 10.00 Cr | - | 16.85 Cr | -90.00 L | -6.35 Cr | -18.45 Cr |
| Net Change in Cash | -0 | 11.00 Cr | -7.00 Cr | - | 4.38 Cr | -4.22 Cr | 1.49 Cr | -1.66 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | 35.8% | 42.3% | 50.0% | 54.6% |
| Operating Margin % | 6.5% | 11.6% | 9.1% | - | -7.7% | 1.1% | 3.9% | 5.9% |
| Net Margin % | 4.2% | 8.1% | 7.5% | - | -5.9% | 0.6% | 2.6% | 4.1% |
| ROE % | 7.3% | 13.5% | 10.2% | - | -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.
Latest News
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MAHEPC Stock Price and Chart — NSE:MAHEPC - TradingView
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MAHEPC — Frequently Asked Questions
What is the current share price of Mahindra EPC Irrigation Limited (MAHEPC)?
As of 2026-07-15 09:52 IST, Mahindra EPC Irrigation Limited (MAHEPC) trades at ₹122.77 on NSE. Its 52-week range is ₹92.71 to ₹181.70.
What is the market capitalisation of MAHEPC?
Mahindra EPC Irrigation Limited (MAHEPC) has a market capitalisation of ₹343.05 Cr on NSE.
What is the P/E ratio of MAHEPC?
MAHEPC trades at a trailing price-to-earnings (P/E) ratio of 27.04. The industry average P/E is 29.60. Its price-to-book (P/B) ratio is 1.82.
What is the return on equity (ROE) of MAHEPC?
MAHEPC has a return on equity (ROE) of 6.86%. Its return on capital employed (ROCE) is 10.82%.
Is MAHEPC a good stock to buy?
This page provides a data-driven analysis of Mahindra EPC Irrigation Limited (MAHEPC), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.