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Mahindra EPC Irrigation Limited

NSE: MAHEPC · Unclassified

₹98.58+0.11%06 Nov 2026

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Instant answers about Mahindra EPC Irrigation Limited — computed from its filings, no language model
Market cap₹275 cr
Current price₹98.58
High / Low₹144 / ₹93
P/E30.1
P/B1.49
Book value₹66.2
ROE4.9%
ROCE8.4%
Debt / equity0.23
Dividend yield—
EPS (TTM)₹3.27
Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
FY20FY21FY22FY23FY24FY26
Revenue284.0254.2211.9210.4262.4312.1
EBITDA36.926.0-5.4-13.25.721.6
Operating margin13.0%10.2%-2.6%-6.3%2.2%6.9%
Interest2.00.72.02.22.73.1
Depreciation3.83.13.23.13.13.2
Profit before tax32.425.3-10.1-15.82.417.0
Tax9.16.1-2.6-3.70.84.3
Net profit23.019.0-7.90.01.712.7
EPS ₹8.296.81-2.84-4.410.604.54
Operating cash flow——-23.119.01.6-19.4
Capex——0.82.2-0.12.2
Dividend paid——3.40.00.00.0
Total assets———253.2257.1351.7
Equity———163.4165.3185.1

Quarterly performance

last 24 quarters · ₹ crore
showing latest 8 of 24 periods
MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24SEP '25DEC '25MAR '26JUN '26SEP '26
Revenue82.746.655.480.771.538.655.751.166.526.365.871.053.257.780.371.245.350.081.549.693.5107.054.272.7
Operating profit13.93.66.410.25.8-3.70.5-3.00.7-9.2-0.43.00.10.63.91.1-2.4-3.09.71.410.57.0-1.44.6
Operating margin16.9%7.7%11.6%12.6%8.1%-9.5%1.0%-5.9%1.1%-34.8%-0.6%4.2%0.2%1.0%4.8%1.6%-5.2%-5.9%11.9%2.7%11.2%6.6%-2.5%6.4%
Other income0.71.60.20.21.00.10.10.10.20.00.91.70.20.20.12.60.10.60.10.81.81.00.30.3
Interest0.60.10.10.10.40.30.70.40.60.60.40.50.60.70.70.80.50.60.50.80.70.91.11.2
Depreciation1.20.80.80.80.80.80.80.80.80.80.80.80.80.80.80.80.80.80.80.80.80.80.70.8
Profit before tax12.94.45.69.65.6-4.7-1.0-4.4-0.5-10.5-0.73.5-1.2-0.72.32.1-3.5-3.78.50.68.76.4-2.93.0
Tax3.31.11.51.91.6-1.30.0-0.8-0.5-2.2-0.30.6-0.4-0.10.60.6-0.9-0.92.20.12.21.6-0.70.7
Net profit9.60.00.07.74.1-3.40.00.00.1-8.3-0.40.0-0.8-0.71.71.50.0-2.86.30.06.54.8-2.10.0
EPS ₹3.441.111.472.771.46-1.23-0.37-1.300.05-2.96-0.140.98-0.29-0.240.600.53-0.94-0.992.270.152.321.71-0.770.80
Revenue YoY————-13.5%-17.0%0.6%-36.7%-7.1%-52.8%28.7%6.7%—119.5%22.0%0.3%-14.9%-13.4%1.4%-0.9%14.8%——46.5%
Profit YoY————-57.5%——-100.0%-96.6%——-100.0%——————280.2%—2.2%———

Earlier results (standalone, Sep '07 – Dec '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Mahindra EPC Irrigation Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods
FY09†FY10†FY11†FY12†FY13†FY14†FY15†FY16†FY17†FY18†FY19†
Revenue62.375.286.7124.9161.4174.7169.2204.8202.1204.8260.1
Operating profit0.46.28.09.77.610.34.011.712.412.220.3
Operating margin0.7%8.3%9.2%7.8%4.7%5.9%2.4%5.7%6.1%6.0%7.8%
Other income1.21.21.02.22.82.62.62.41.91.81.1
Interest3.44.44.82.82.52.41.20.51.50.51.4
Depreciation1.41.61.81.92.52.82.72.73.03.13.1
Profit before tax-3.21.42.37.25.37.72.710.99.710.416.9
Tax-1.70.40.90.50.00.00.91.8-0.25.45.5
Net profit-1.50.91.46.75.37.71.89.29.94.911.4

Quarters

showing latest 8 of 50 periods
SEP '07†DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†MAR '10†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†MAR '18†JUN '18†SEP '18†DEC '18†MAR '19†JUN '19†SEP '19†DEC '19†
Revenue9.515.513.812.211.721.017.415.618.617.823.123.519.423.420.426.719.239.839.240.832.650.137.844.141.443.645.749.733.438.947.353.542.052.057.250.245.350.955.659.814.853.976.352.556.377.374.053.665.082.7
Operating profit-0.50.8-0.9-1.1-2.22.41.31.71.41.22.02.61.82.01.62.60.33.03.82.20.83.41.33.91.31.93.23.4-2.11.01.82.20.73.94.84.6-0.73.55.05.0-6.34.88.73.11.86.88.74.37.211.4
Operating margin-4.7%5.2%-6.7%-8.7%-18.9%11.6%7.2%10.6%7.4%6.6%8.6%10.9%9.4%8.5%7.7%9.9%1.5%7.6%9.7%5.3%2.4%6.7%3.4%8.8%3.1%4.4%7.1%6.7%-6.3%2.7%3.7%4.2%1.5%7.6%8.5%9.2%-1.6%6.8%9.0%8.3%-42.6%8.9%11.4%5.9%3.2%8.7%11.8%8.0%11.1%13.8%
Other income0.00.10.20.10.20.20.80.20.30.50.30.10.10.30.50.60.50.50.60.50.70.80.80.70.70.50.70.70.80.50.60.50.50.41.00.50.20.30.80.50.40.50.40.10.20.10.70.10.20.4
Interest0.40.50.80.70.90.80.91.11.11.11.11.11.11.31.30.80.30.71.10.80.50.80.50.30.50.51.00.50.50.00.20.10.10.10.10.60.60.10.20.10.10.10.20.40.40.30.40.30.70.4
Depreciation0.30.30.50.30.30.40.40.40.40.40.40.40.40.40.50.40.40.50.60.70.70.70.50.70.70.70.70.70.70.70.70.70.70.70.70.70.70.80.90.70.80.80.80.80.80.80.80.90.90.9
Profit before tax-1.1-0.9-2.0-2.0-3.31.40.70.40.20.10.81.10.40.60.32.00.12.32.81.20.32.71.13.50.71.22.22.9-2.40.81.52.00.43.55.13.9-1.82.84.84.6-6.74.38.22.10.85.98.23.25.910.5
Tax0.00.00.00.00.00.0-1.80.10.1-0.10.30.30.20.30.10.6-0.50.30.00.00.00.00.00.4-0.40.00.00.00.00.00.90.70.0-0.11.21.3-0.6-2.41.51.8-1.71.73.70.60.31.92.71.02.12.7
Net profit-1.1-0.9-2.0-2.0-3.41.42.50.20.10.20.40.80.10.30.21.40.62.02.81.20.32.71.13.11.11.22.22.9-2.40.80.61.30.43.63.92.5-1.15.23.32.9-5.02.64.41.50.63.95.52.23.87.8
EPS ₹-1.13-0.96-2.03-2.10-3.541.462.590.260.110.170.400.760.120.280.160.80—1.151.600.500.130.980.421.140.410.450.791.03-0.880.280.220.460.141.311.410.91-0.441.891.191.04-1.810.951.600.530.211.421.970.791.352.80
Revenue YoY————22.6%35.4%26.2%28.5%59.2%-15.2%32.7%50.2%4.3%31.5%-12.0%13.7%-1.2%70.0%92.4%53.0%70.0%25.9%-3.5%7.9%26.8%-13.0%20.8%12.8%-19.3%-10.9%3.5%7.7%25.6%34.0%21.1%-6.1%8.0%-2.2%-2.9%19.1%-67.5%5.9%37.2%-12.3%281.5%43.4%-3.0%2.2%15.5%6.9%
Profit YoY—————————-88.4%-82.5%228.0%18.2%87.5%-55.8%67.1%323.1%560.0%1352.6%-14.6%-41.8%36.4%-58.3%168.4%256.2%-54.4%91.3%-9.2%-314.0%-36.6%-72.7%-55.4%—365.4%550.0%98.4%-394.7%43.8%-15.6%14.3%—-49.8%35.0%-49.0%—50.0%23.2%48.3%548.3%97.7%

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 15 periods
DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24JUN '26SEP '26
ROE——————-5.8%-1.2%0.1%1.0%1.5%0.3%3.2%4.9%4.9%
ROCE——————-3.8%1.5%3.2%2.8%1.5%-0.2%3.1%7.1%8.4%
Net margin6.5%4.6%3.4%3.4%0.3%-1.5%-4.4%-0.8%0.1%0.6%1.0%0.2%2.0%3.0%2.8%
EBITDA margin12.9%10.2%7.6%5.2%-0.2%-2.6%-3.0%1.3%2.9%2.2%1.3%-0.1%2.2%5.7%6.3%
Debt / equity——————0.090.190.190.090.090.140.140.240.23
Interest coverage41.5539.7119.747.64-1.52-4.28-3.331.382.561.901.04-0.132.494.724.93
Asset turnover——————0.850.910.961.020.990.940.950.870.95

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 8 periods
SEP '22MAR '23SEP '23MAR '24SEP '24SEP '25MAR '26SEP '26
Share capital27.927.927.927.927.927.927.927.9
Other equity / reserves132.9135.5134.1137.4132.0145.8157.1157.0
Total equity160.8163.4162.0165.3159.9173.8185.1185.0
Borrowings24.215.030.815.423.036.445.243.1
Current liabilities93.189.2109.491.0100.7126.3165.7159.0
Non-current liabilities0.70.50.60.80.80.80.91.4
Total assets254.6253.2272.0257.1261.4300.9351.7345.4
Property, plant & equipment21.821.421.118.017.619.518.818.1
Capital work-in-progress0.40.10.60.10.10.40.30.5
Investments0.60.50.20.00.00.00.00.0
Inventories42.140.253.344.547.443.336.749.2
Receivables138.1127.8143.1149.1131.3185.9247.1218.1
Cash & equivalents0.04.40.10.29.80.10.00.5

Cash flow

annual · ₹ crore · line = free cash flow
FY22FY23FY24FY26
Cash from operations-23.119.01.6-19.4
Cash from investing-1.0-2.4-1.7-2.2
Cash from financing19.7-12.2-4.119.9
Capex0.82.2-0.12.2
Free cash flow-23.916.91.6-21.6
Dividends paid3.40.00.00.0

Where the assets sit

Sep '26 · ₹ crore
Fixed assets (PPE)
₹18.1 cr5%
CWIP
₹0.5 cr0%
Inventories
₹49.2 cr14%
Receivables
₹218.1 cr63%
Cash & equivalents
₹0.5 cr0%
Other assets
₹59.1 cr17%

Peer comparison

largest in Unclassified · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Avantel Limited36,86,04,549138.69—1059360.680.0%
Ducol Organics And Colours Limited19,55,275120.00—20089.130.0%
Jio Platforms Limited12,57,1811,406.40—3.57—
SBI Funds Management Limited1,01,750499.55———
Tamilnadu Telecommunication Limited91,3149.93———
Manipal Health Enterprises Limited76,294646.70———
INDO-MIM Limited59,0421,219.50———
AvenuesAI Limited45,138129.25153.69.516.2%
Dhoot Transmission Limited32,7611,601.60—8.11—
3M India Limited31,07127,570.0053.817.5732.7%
Mahindra EPC Irrigation Limited27598.5830.11.494.9%

StoxGud checklist: Bearish setup · 2/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+0.2%
6 months-19.0%
1 year-28.2%
3Y CAGR-6.4%
5Y CAGR-4.9%
10Y CAGR—
50-day avg₹99.98
200-day avg₹111.47
RSI (14)32

FAQs

What is the share price of Mahindra EPC Irrigation Limited?

Mahindra EPC Irrigation Limited (MAHEPC) closed at ₹98.58 on NSE on 06 Nov 2026.

What is the market cap of Mahindra EPC Irrigation Limited?

₹275 crore at the latest close.

What is the P/E ratio of Mahindra EPC Irrigation Limited?

30.1, on trailing-twelve-month earnings from its filings.

How fast is Mahindra EPC Irrigation Limited growing?

Mahindra EPC Irrigation Limited: revenue has compounded at 13.8% a year over three years. Latest-quarter revenue is up 46.5% year on year.

How profitable is Mahindra EPC Irrigation Limited?

On a trailing-twelve-month basis return on equity is 4.9%, return on capital employed 8.4%, operating margin 6.3%, net margin 2.8%.

How much debt does Mahindra EPC Irrigation Limited have?

Mahindra EPC Irrigation Limited is lightly geared: debt to equity is 0.23 with borrowings of ₹43 cr against cash of ₹1 cr (balance sheet of 2026-09-30). Operating profit covers interest 4.9 times.

Financials parsed from Mahindra EPC Irrigation Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '20, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.