MAHINDRA EPC IRRIGATION LIMITED

About

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.

Key Metrics

as of Sep 2026

Market Cap290 Cr

P/E26.20

Div Yield0.00 %

Book Value₹66.20

52w High₹164.00

52w Low₹91.90

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	54.16	107.00	93.47	49.58	62.04	95.89	81.45	50.02	45.31	71.17	80.29	57.74	53.25
Expenses	55.52	99.96	83.01	48.23	59.30	86.30	71.79	52.97	47.68	70.12	76.54	57.26	53.30
Operating Profit	-1.36	7.04	10.46	1.35	2.74	9.59	9.66	-2.95	-2.37	1.05	3.75	0.48	-0.05
OPM %	-2.51	6.58	11.19	2.72	4.42	10.00	11.86	-5.90	-5.23	1.48	4.67	0.83	-0.09
Other Income	0.30	1.00	-0.25	0.82	0.13	1.54	0.15	0.63	0.10	2.61	0.05	0.22	0.18
Depreciation	0.72	0.79	0.78	0.79	0.80	0.94	0.81	0.81	0.80	0.81	0.78	0.78	0.78
Interest	1.07	0.89	0.69	0.80	0.76	0.76	0.47	0.58	0.47	0.75	0.73	0.66	0.57
Profit before tax	-2.85	6.36	8.74	0.58	1.31	9.43	8.53	-3.71	-3.54	2.10	2.29	-0.74	-1.22
Tax %	-24.91	24.69	25.74	25.86	25.19	33.72	25.56	-25.61	-25.71	29.05	27.07	-8.11	-33.61
Net Profit	-2.14	4.79	6.49	0.43	0.98	6.25	6.35	-2.76	-2.63	1.49	1.67	-0.68	-0.81
EPS in Rs	-0.77	1.71	2.32	0.15	0.35	2.24	2.27	-0.99	-0.94	0.53	0.60	-0.24	-0.29

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Sales	312.00	273.00	262.00	210.00	212.00	254.00	284.00	260.00
Expenses	290.00	259.00	257.00	224.00	218.00	228.00	247.00	240.00
Operating Profit	22.00	14.00	5.00	-13.00	-6.00	26.00	37.00	20.00
OPM %	7.00	5.00	2.00	-6.00	-2.80	10.00	13.00	8.00
Other Income	2.00	2.00	3.00	3.00	0.00	3.00	1.00	1.00
Interest	3.00	2.00	3.00	2.00	2.00	1.00	2.00	1.00
Depreciation	3.00	3.00	3.00	3.00	3.00	3.00	4.00	3.00
Profit before tax	17.00	11.00	2.00	-16.00	-11.00	25.00	32.00	17.00
Tax %	25.00	33.00	31.00	-23.00	-25.00	24.00	28.00	33.00
Net Profit	13.00	7.00	2.00	-12.00	-8.00	19.00	23.00	11.00
EPS in Rs	4.54	2.58	0.60	-4.41	-2.84	6.81	8.29	4.07
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	18.00	14.00	25.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Equity Capital	28.00	28.00	28.00	28.00	28.00	28.00	28.00	28.00
Reserves	157.00	145.00	137.00	136.00	148.00	158.00	142.00	122.00
Borrowings	45.00	25.00	16.00	15.00	25.00	0.00	13.00	3.00
Other Liabilities	121.00	94.00	76.00	75.00	79.00	81.00	80.00	68.00
Total Liabilities	352.00	292.00	257.00	253.00	280.00	268.00	264.00	221.00
Fixed Assets	19.00	20.00	21.00	22.00	23.00	26.00	28.00	24.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	1.00	1.00	1.00	2.00
Other Assets	332.00	271.00	236.00	231.00	256.00	241.00	234.00	195.00
Total Assets	352.00	292.00	257.00	253.00	280.00	268.00	264.00	221.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Cash from Operating Activity	-16.00	-4.00	2.00	19.00	-23.00	11.00	10.00	5.00
Cash from Investing Activity	-2.00	-2.00	-2.00	-2.00	-1.00	-1.00	-2.00	-3.00
Cash from Financing Activity	17.00	7.00	-4.00	-12.00	20.00	-17.00	3.00	-3.00
Net Cash Flow	-2.00	1.00	-4.00	4.00	-4.00	-7.00	11.00	0.00
Free Cash Flow	-18.00	-6.00	-1.00	17.00	-24.00	10.00	7.00	3.00
CFO/OP %	-76.00	-18.00	15.00	-152.00	356.00	75.00	60.00	51.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Debtor Days	254.00	232.00	202.00	197.00	238.00	200.00	165.00	175.00
Inventory Days	96.00	121.00	116.00	116.00	99.00	94.00	97.00	68.00
Days Payable	246.00	208.00	161.00	164.00	170.00	176.00	178.00	136.00
Cash Conversion Cycle	103.00	145.00	158.00	150.00	167.00	118.00	85.00	107.00
Working Capital Days	141.00	174.00	168.00	174.00	168.00	158.00	109.00	125.00
ROCE %	10.00	7.00	3.00	-7.00	-4.00	14.00	20.00	—

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	54.18	54.20	54.20	54.20	54.20	54.21	54.21	54.21	54.21	54.26	54.26	54.26
FIIs	0.13	0.02	0.01	0.02	0.07	0.01	0.08	0.20	0.60	0.11	0.05	0.19
Public	45.69	45.76	45.78	45.78	45.72	45.78	45.71	45.58	45.18	45.63	45.70	45.56
No. of Shareholders	26,207	26,252	26,634	29,168	28,653	28,764	27,835	27,345	27,471	29,175	29,415	28,951

Corporate Actions

9 records

Action	Ex Date	Record Date	Ratio	Amount (₹)	Notes
Other	12 Jul 2024	—	—	—	Annual General Meeting
Other	21 Jul 2023	—	—	—	Annual General Meeting
Other	21 Jul 2022	—	—	—	Annual General Meeting
Dividend	14 Jul 2021	—	—	1.20
Dividend	28 Jul 2020	—	—	1.20
Dividend	17 Jul 2019	—	—	1.00
Dividend	23 Jul 2018	—	—	0.50
Other	02 May 2012	03 May 2012	—	—	Right Issue of Equity Shares
Other	04 Sep 2003	—	—	—	General

Announcements

5 filings

Announcement under Regulation 30 (LODR)-Newspaper Publication
06 Aug 2026 6 Aug - Mahindra EPC Irrigation Limited has informed about Copy of Newspaper Publication intimating the shareholders about opening of a ''''Special Window for Re-lodgement of Transfer ....
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Jul 2026 17 Jul - Mahindra EPC Irrigation Limited has informed about Copy of Newspaper Publication regarding extract newspaper advertisements for publication of the Company''s Un-Audited Standalone ....
Announcement under Regulation 30 (LODR)-Change in Management
16 Jul 2026 16 Jul - Board approved Q1 FY27 results; appointed Vimal Agarwal internal auditor and Rajeev Goyal chairman on July 16, 2026.
Board Meeting Outcome For The Meeting Held On July 16, 2026 (Resubmitting Due To An Inadvertent Typographical Error Made In The Subject Line Of The Outcome Submitted Previously.)
16 Jul 2026 16 Jul - Board approved Q1 FY2026-27 results, appointed internal auditor Vimal Agarwal, and named Rajeev Goyal chairman.
Financial Results For The Quarter Ended June 30, 2026.
16 Jul 2026 16 Jul - Board approved June 30, 2026 unaudited results; appointed internal auditor Vimal Agarwal and chairman Rajeev Goyal.