MAHEPCIndustrials

Mahindra EPC Irrigation Limited

Industrial Products · ISIN INE215D01010 · BSE 523754 · NSE EQ · FV ₹10
Last price
₹98
+1.41%today
What this company does

Mahindra EPC Irrigation Limited operates in Industrial Products, part of the Industrials sector. It booked ₹73 cr of revenue in its latest quarter (Q2 FY27) and kept 3.1% of sales as profit.

Their stated mission

“is to protect and enhance the well-being of our Your Company believes that sound practices of good employees, visitors, and other stakeholders.”

In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 52–284 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns30

How much profit it earns on the money it employs

Balance sheet52

How much it owes, and whether earnings cover the interest

Cash quality29

Whether reported profit actually arrives as cash

Growth & consistency72

Whether sales and profit have grown, and how steadily

Valuation69

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 47% vs last year
✓ Profit up 419% vs last year
✓ Promoters hold 54%
✓ No promoter shares pledged
✓ Turns profit into real cash
Watch-outs
! Thin 3.1% net margin
! Low 4.8% return on equity

What if I invest in MAHEPC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹98▲ +1.41%
latest close · 2026-11-04
1-year return
-29.8%
52-wk low ₹8552-wk high ₹145
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio30.5High
LowAverageHigh
P/B ratio1.48Moderate
Below bookModerateHigh
EV / EBITDA16.0High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity4.8%Weak
WeakFairStrong ▸15%
Return on capital9.0%Fair
WeakFairStrong
Net margin3.1%Thin
ThinDecentStrong
EBITDA margin6.8%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.23Comfortable
LowModerateHigh ▸1
Interest cover3.4×Okay
RiskyOkayStrong ▸5×
Current ratio1.79Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹273 cr
Book value
₹66
EPS
₹0.80
latest quarter
Net debt
₹43 cr
owes more than its cash
Enterprise value
₹315 cr
EBITDA
₹20 cr
annualised
EBIT
₹17 cr
annualised
Operating margin
5.8%
Return on assets
2.6%
Earnings yield
3.28%
P/S
0.94
Sales / share
₹104.0
Tax rate
24.7%
Face value
₹10
Shares
2.8 cr
Working capital
₹125 cr
Current assets
₹284 cr
Current liabilities
₹159 cr
Delivery %
57.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹76 vs market price ₹98 — price is 29% above it
Safety cushion-28.6%(target ≥ +20%)
Models span ₹62–₹90, midpoint ₹76
Model ₹76
Price ₹98
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹73 cr
Other Income₹30 L
Total Income₹73 cr
Cost of Materials₹40 cr
Purchases of Stock-in-Trade₹4 L
Inventory Change (±)₹-5 cr
Employee Benefit Expense₹9 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹75 L
Other Expenses₹24 cr
Total Expenses₹70 cr
Profit before Tax₹3 cr
Tax Expense₹73 L
Net Profit₹2 cr
Net margin on total income3.1%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹35 cr48.2%
Employee benefit expense₹9 cr11.9%
Finance costs₹1 cr1.7%
Depreciation & amortisation₹75 L1.0%
Other expenses₹24 cr33.1%
Tax expense₹73 L1.0%
Profit for the period₹2 cr3.1%
Total income ₹73 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue107 cr54 cr73 cr
Total income108 cr54 cr73 cr
Expenses102 cr57 cr70 cr
Profit before tax6 cr-3 cr3 cr
Tax2 cr-71 L73 L
Net profit (owners' share)5 cr-2 cr2 cr
Net margin (owners' share, on revenue)4.5%-4.0%3.1%
EPS (₹)1.71-0.770.80
YoY (latest quarter): total income +44.7% · net profit +418.6%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹345 cr
Shareholder equity
₹185 cr
parent shareholders
Total debt
₹43 cr
Cash
₹53 L
Cash flow · H1 FY27
Operating
₹5 cr
Investing
₹-82 L
Financing
₹-4 cr
Peer comparison
Industrial Products · by market value
CompanyPriceMarket capP/E
INDO-MIM Limited₹1,204₹58,282 cr60.7
Aditya Infotech Limited₹3,881₹45,739 cr80.4
Syrma SGS Technology Limited₹1,491₹28,718 cr61.3
Honeywell Automation India Limited₹29,070₹25,582 cr48.1
Jyoti CNC Automation Limited₹967₹21,999 cr75.8
Kaynes Technology India Limited₹3,239₹21,713 cr96.2
LMW Limited₹16,927₹18,078 cr63.5
Tega Industries Limited₹1,700₹12,769 cr—
LLOYDS ENGINEERING WORKS LIMITED₹80₹12,353 cr52.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
—
trailing 12 months
Dividend / share (TTM)
—
Last dividend
₹1.2
ex 14 Jul 2021
ActionDetailEx-date
Dividend₹1.2 / share14 Jul 2021
Dividend₹1.2 / share28 Jul 2020
Dividend₹1 / share17 Jul 2019
Dividend₹0.5 / share23 Jul 2018
Who owns it · 2026-09-30
No pledge
Promoter
54.2%
FII / Foreign
0.0%
DII / Domestic
0.0%
Retail / others
45.8%
Promoter stake down 0.1% over the last 12 quarters.
Smart-money activity
Bulk / block deals
SoldRAJEN ANILBHAI SHAH · NSE2.69 L @ ₹185.1220 Aug 25
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE1.81 L @ ₹178.9720 Aug 25
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE1.81 L @ ₹178.7620 Aug 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 28 Aug 2025
See the official result
1
Appointment of Mr. Rajeev Goyal (DIN: 03139184) as Non-Executive Non-Independent Director of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
34,968 votes for, 4 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 166 named members
owning 54.2% between them · as of 2026-09-30
Mahindra & Mahindra Limited54.18%
2 x 2 Logistics Private Limitedno shares
Aditatva Estates Private Limitedno shares
Anthurium Developers Limitedno shares
Åre Villa 3 ABno shares
Automobili Pininfarina Americas Inc.no shares
Automobili Pininfarina GmbHno shares
Blue Planet Integrated Waste Solutions Limitedno shares
Business done with them
FY2026 · 4 of the group
The company paid ₹49 cr to companies in the promoter group last year — about 15.5% of its ₹312 cr revenue and received ₹45 cr back from them.
Mahindra and Mahindra Limited
Transfers Under Finance Agreements From Entity
also owns 54.18% of the company
₹45 cr
company received
Mahindra and Mahindra Limited
Transfers Under Finance Agreements To Entity
also owns 54.18% of the company
₹45 cr
company paid
Mahindra and Mahindra Limited
Other payments to them
also owns 54.18% of the company
₹2 cr
company paid
Mahindra and Mahindra Limited
Paid them for services
also owns 54.18% of the company
₹1 cr
company paid
Mahindra and Mahindra Limited
Other income from them
also owns 54.18% of the company
₹43 L
company received
Marvel Solren Pvt Ltd
Bought goods from them
₹17 L
company paid
Mahindra and Mahindra Limited
Sold goods to them
also owns 54.18% of the company
₹6 L
company received
Mahindra & Mahindra Financial Services Limited
Other payments to them
₹3 L
company paid
Mahindra Integrated Business Solutions Pvt Ltd
Other payments to them
₹2 L
company paid

The company also transacted with 5 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.