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Mahindra EPC Irrigation Limited

Mahindra EPC Irrigation Limited

NSE: MAHEPC
Farm & Heavy Construction MachineryIndustrialsSMALL CAPMCap ₹298.9 Cr
₹106.95₹6.65 (+6.63%)

Market Closed • NSE

Market cap₹298.9 Cr
Enterprise value₹320.7 Cr
P/E TTM31.36
P/B1.61
EPS TTM₹3.41
ROE0.06%
ROA0.03%
D/E0.24
Dividend yield0.00%
52W high₹152.70
52W low₹91.91
Price chart(1Y)
1Y Return:-2.38% (₹2.61)
H: ₹124.74L: ₹95
1W+8.99%
1M+4.86%
3M-3.79%
6M-7.91%
1Y-25.87%
Today at a glance

Day range

₹106.11₹120.36

52 week range

₹91.91₹152.70
Volume794.1K14.11x 20D avg
Free float50.00%+1311.20% volume

Mahindra EPC Irrigation Limited closed at INR106.95 (+6.63%) on volume 14.11x its 20-day average, trading 29.96% below its 52-week high.

Technical analysis
RSI (14)70.4Overbought
MACDBULLISHBullish (Above signal)
ATR (14)₹4.35High
SMA 20₹98.90BULLISH
SMA 50₹102.55BULLISH
SMA 100₹108.16BEARISH
SMA 200₹113.50BEARISH
CPR bottom₹99.62
Pivot₹99.84
CPR top₹100.07
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved -26.2% QoQ

2024-07-12

AGM Announced

Annual General Meeting

2023-07-21

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹45.3 Cr₹298.9 Cr15.16%≤ 33%PASS
Non-halal income ratio₹33.0 Lakh₹311.8 Cr0.11%≤ 5%PASS
Illiquid assets ratio₹351.6 Cr₹351.7 Cr99.99%≥ 20%PASS
Receivables ratio–₹351.7 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E31.3628.10
Forward P/E——
P/B1.613.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield3.203.60
Growth & profitability
RevenuePAT
FY23PAT margin -5.90%
FY24PAT margin 0.60%
FY25PAT margin 2.60%
FY26PAT margin 4.10%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+14.10%
Revenue CAGR 5Y—
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin5.73%
Net margin3.48%
Financial health & cash flow
Net debt₹45.3 CrModerate
Interest coverage5.90xEBIT / interest
CFO / PAT-0.89x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹-1628.0 Lakh
Capital expenditure–
Free cash flow₹-1845.0 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall65/100
Valuation50/100
Profitability50/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.24x

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Farm & Heavy Construction Machinery.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—12 Jul 2024
—Annual General MeetingAnnual General Meeting—21 Jul 2023
—Annual General MeetingAnnual General Meeting—21 Jul 2022
—Dividend₹1.20 / share—14 Jul 2021
—Dividend₹1.20 / share—28 Jul 2020
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)64.77%-45.40% latest vs average
Highest delivery91.36%on 01 Oct
Average volume (20D)56.3KTrading-session average
Conviction trendWeakening-45.40% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About Mahindra EPC Irrigation Limited
Mahindra EPC Irrigation Limited

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.

IndiaIndustrials

Questions investors ask
Is Mahindra EPC Irrigation Limited Shariah compliant?

Mahindra EPC Irrigation Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (15.16%) complies with AAOIFI threshold (≤ 33%).

What is Mahindra EPC Irrigation Limited's current valuation relative to peers?

Mahindra EPC Irrigation Limited trades at a P/E of 31.4x compared to the sector median of 28.1x, and a Price-to-Book of 1.6x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.24x. Interest coverage is 5.9x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.