MAHINDRA EPC IRRIG LTD (MAHEPC) financials

MAHINDRA EPC IRRIG LTD (MAHEPC) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1981, Mahindra EPC Irrigation is in the business of manufacturing Micro Irrigation Systems, such as Drip and Sprinklers, and allied products.[1]

Market Cap: ₹295Cr.
Current Price: ₹106
Stock P/E: 22.9
ROE: 7.93%
ROCE: 10.3%
Book Value: ₹66.2
Dividend Yield: 0.00%
52W High / Low: ₹146/91.9

In Sep 2026, MAHINDRA EPC IRRIG LTD (MAHEPC) reported sales ₹72.65 Cr and net profit ₹2.23 Cr.

Annual TTM: sales ₹327 Cr, net profit ₹11 Cr.

Shareholding: Promoters 54.18% (Sep 2026), FIIs 0.02% (Sep 2026), Public 45.80% (Sep 2026), No. of Shareholders 25,888% (Sep 2026).

MAHEPC quarterly results (₹ Cr.)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	81.45	95.89	62.04	49.58	93.47	107.00	54.16	72.65
Expenses	71.79	86.30	59.30	48.23	83.01	99.96	55.52	68.02
Operating Profit	9.66	9.59	2.74	1.35	10.46	7.04	-1.36	4.63
OPM %	11.86%	10.00%	4.42%	2.72%	11.19%	6.58%	-2.51%	6.37%
Other Income	0.15	1.54	0.13	0.82	-0.25	1.00	0.30	0.30
Interest	0.47	0.76	0.76	0.80	0.69	0.89	1.07	1.22
Depreciation	0.81	0.94	0.80	0.79	0.78	0.79	0.72	0.75
Profit before tax	8.53	9.43	1.31	0.58	8.74	6.36	-2.85	2.96
Tax %	25.56%	33.72%	25.19%	25.86%	25.74%	24.69%	-24.91%	24.66%
Net Profit	6.35	6.25	0.98	0.43	6.49	4.79	-2.14	2.23
EPS in Rs	2.27	2.24	0.35	0.15	2.32	1.71	-0.77	0.80
Raw PDF	—	—	—	—	—	—	—	—

MAHEPC profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	284	254	212	210	262	273	312	327
Expenses	247	228	217	224	257	259	290	307
Operating Profit	37	26	-5	-13	6	14	22	21
OPM %	13%	10%	-2.6%	-6%	2.2%	5%	7%	6%
Other Income	1	3	-1	3	3	2	2	1
Interest	2	1	2	2	3	2	3	4
Depreciation	4	3	3	3	3	3	3	3
Profit before tax	32	25	-11	-16	2	11	17	15
Tax %	28%	24%	-23%	-23%	31%	33%	25%	—
Net Profit	23	19	-9	-12	2	7	13	11
EPS in Rs	8.38	6.89	-3.09	-4.39	0.60	2.58	4.54	4.06
Dividend Payout %	14%	17%	-0%	-0%	-0%	-0%	-0%	—

MAHEPC balance sheet (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	28	28	28	28	28	28	28	28
Reserves	143	159	147	136	137	145	157	157
Borrowings	13	0	25	15	16	25	45	44
Other Liabilities	80	81	79	75	76	94	121	117
Total Liabilities	264	268	280	253	257	292	352	345
Fixed Assets	28	26	23	22	21	20	19	18
CWIP	0	0	0	0	0	0	0	0
Investments	2	2	1	0	-0	-0	-0	-0
Other Assets	234	241	256	231	236	271	332	327
Total Assets	264	268	280	253	257	292	352	345

MAHEPC cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	5	10	11	-23	19	2	-4	-16
Cash from Investing Activity	-3	-2	-1	-1	-2	-2	-2	-2
Cash from Financing Activity	-3	3	-17	20	-12	-4	7	17
Net Cash Flow	-0	11	-7	-4	4	-4	1	-2
Free Cash Flow	3	7	10	-24	17	-1	-6	-18
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	51%	59%	74%	383%	-155%	14%	-18%	-76%

MAHEPC shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	54.21%	54.21%	54.20%	54.20%	54.20%	54.20%	54.18%	54.18%
FIIs	0.08%	0.01%	0.07%	0.02%	0.01%	0.02%	0.13%	0.02%
Public	45.71%	45.78%	45.72%	45.78%	45.78%	45.76%	45.69%	45.80%
No. of Shareholders	27,835	28,764	28,653	29,168	26,634	26,252	26,207	25,888

MAHEPC key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	175	165	200	238	197	202	232	254
Inventory Days	68	97	94	99	116	116	121	96
Days Payable	136	178	176	170	164	161	208	246
Cash Conversion Cycle	107	85	118	167	150	158	145	103
Working Capital Days	125	109	158	168	174	168	174	141
ROCE %	12%	20%	14%	-4%	-7%	3%	7%	10%

MAHEPCUpdated 20 Oct 2026, 10:17

Mahindra Epc Irrig Ltd

MAHEPCUpdated 20 Oct 2026, 10:17

Market Cap

₹295Cr.

Current Price

₹106

High / Low

₹146/91.9

Stock P/E

22.9

ROE7.93%

ROCE10.3%

Book Value₹66.2

Face Value₹10.0

Dividend Yield0.00%

About

Incorporated in 1981, Mahindra EPC Irrigation is in the business of manufacturing Micro Irrigation Systems, such as Drip and Sprinklers, and allied products.[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Sep 2023	57.74	0.66	57.15	0.11	0.78	-0.74	-8.11	-0.68	-0.24
Dec 2023	80.29	0.73	76.4	-0.09	0.78	2.29	27.07	1.67	0.6
Mar 2024	71.17	0.75	70.05	2.54	0.81	2.1	29.05	1.49	0.53
Jun 2024	45.31	0.47	47.68	0.1	0.8	-3.54	-25.71	-2.63	-0.94
Sep 2024	50.02	0.58	52.97	0.63	0.81	-3.71	-25.61	-2.76	-0.99
Dec 2024	81.45	0.47	71.79	0.15	0.81	8.53	25.56	6.35	2.27
Mar 2025	95.89	0.76	86.3	1.54	0.94	9.43	33.72	6.25	2.24
Jun 2025	62.04	0.76	59.3	0.13	0.8	1.31	25.19	0.98	0.35
Sep 2025	49.58	0.8	48.23	0.82	0.79	0.58	25.86	0.43	0.15
Dec 2025	93.47	0.69	83.01	-0.25	0.78	8.74	25.74	6.49	2.32
Mar 2026	107	0.89	99.96	1	0.79	6.36	24.69	4.79	1.71
Jun 2026	54.16	1.07	55.52	0.3	0.72	-2.85	-24.91	-2.14	-0.77
Sep 2026	72.65	1.22	68.02	0.3	0.75	2.96	24.66	2.23	0.8

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	169	1	165	2	3	3	33	2	0.65
Mar 2016	203	0	192	2	3	10	15	9	3.16
Mar 2017	201	2	189	2	3	10	-2	10	3.58
Mar 2018	205	0	193	2	3	10	52	5	1.78
Mar 2019	260	1	240	1	3	17	32	11	4.12
Mar 2020	284	2	247	1	4	32	28	23	8.38
Mar 2021	254	1	228	3	3	25	24	19	6.89
Mar 2022	212	2	217	-1	3	-11	-23	-9	-3.09
Mar 2023	210	2	224	3	3	-16	-23	-12	-4.39
Mar 2024	262	3	257	3	3	2	31	2	0.6
Mar 2025	273	2	259	2	3	11	33	7	2.58
Mar 2026	312	3	290	2	3	17	25	13	4.54
TTM	327	4	307	1	3	15	—	11	4.06

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	54.18%
FIIs	0.02%
Public	45.8%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	54.26%	0.05%	—	45.7%
Mar 2024	54.26%	0.11%	—	45.63%
Jun 2024	54.21%	0.6%	—	45.18%
Sep 2024	54.21%	0.2%	—	45.58%
Dec 2024	54.21%	0.08%	—	45.71%
Mar 2025	54.21%	0.01%	—	45.78%
Jun 2025	54.2%	0.07%	—	45.72%
Sep 2025	54.2%	0.02%	—	45.78%
Dec 2025	54.2%	0.01%	—	45.78%
Mar 2026	54.2%	0.02%	—	45.76%
Jun 2026	54.18%	0.13%	—	45.69%
Sep 2026	54.18%	0.02%	—	45.8%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	28	87	1	37	152	30	0	0	122	152
Mar 2016	28	96	0	46	170	27	0	0	143	170
Mar 2017	28	107	0	49	183	25	1	5	152	183
Mar 2018	28	112	4	53	196	25	0	0	171	196
Mar 2019	28	122	3	68	221	24	0	2	195	221
Mar 2020	28	143	13	80	264	28	0	2	234	264
Mar 2021	28	159	0	81	268	26	0	2	241	268
Mar 2022	28	147	25	79	280	23	0	1	256	280
Mar 2023	28	136	15	75	253	22	0	0	231	253
Mar 2024	28	137	16	76	257	21	0	0	236	257
Mar 2025	28	145	25	94	292	20	0	0	271	292
Mar 2026	28	157	45	121	352	19	0	0	332	352
Sep 2026	28	157	44	117	345	18	0	0	327	345

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	19	2	-17	4
Mar 2016	-3	6	0	2
Mar 2017	-5	-4	-1	-9
Mar 2018	-15	6	3	-6
Mar 2019	5	-3	-3	0
Mar 2020	10	-2	3	11
Mar 2021	11	-1	-17	-7
Mar 2022	-23	-1	20	-4
Mar 2023	19	-2	-12	4
Mar 2024	2	-2	-4	-4
Mar 2025	-4	-2	7	1
Mar 2026	-16	-2	17	-2

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	123	136	165	191	175	165	200	238	197	202	232	254
Inventory Days	96	85	104	113	68	97	94	99	116	116	121	96
Days Payable	81	80	108	125	136	178	176	170	164	161	208	246
Cash Conversion Cycle	138	142	161	179	107	85	118	167	150	158	145	103
Working Capital Days	113	112	145	166	125	109	158	168	174	168	174	141
ROCE %	3%	9%	9%	7%	12%	20%	14%	-4%	-7%	3%	7%	10%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of MAHINDRA EPC IRRIG LTD (MAHEPC)?

The reported market capitalisation for MAHINDRA EPC IRRIG LTD (MAHEPC) is ₹295Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of MAHEPC?

The current price shown for MAHINDRA EPC IRRIG LTD (MAHEPC) on Fincrux is ₹106 with a 52-week high/low of ₹146/91.9.

What is the P/E ratio of MAHINDRA EPC IRRIG LTD (MAHEPC)?

The stock P/E for MAHINDRA EPC IRRIG LTD (MAHEPC) is 22.9 on Fincrux, with ROE at 7.93% and ROCE at 10.3%.

What were MAHEPC latest quarterly results?

For Sep 2026, MAHINDRA EPC IRRIG LTD (MAHEPC) reported sales ₹72.65 Cr and net profit ₹2.23 Cr (figures in ₹ crore unless noted).

What are MAHEPC annual sales and net profit?

For TTM, MAHINDRA EPC IRRIG LTD (MAHEPC) shows sales of ₹327 Cr and net profit of ₹11 Cr on the Fincrux profit & loss statement.

Who owns MAHINDRA EPC IRRIG LTD (MAHEPC)?

Latest shareholding for MAHINDRA EPC IRRIG LTD (MAHEPC) on Fincrux: Promoters 54.18% (Sep 2026), FIIs 0.02% (Sep 2026), Public 45.80% (Sep 2026), No. of Shareholders 25,888% (Sep 2026).

Where can I find MAHINDRA EPC IRRIG LTD (MAHEPC) financials?

MAHINDRA EPC IRRIG LTD (MAHEPC) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show MAHEPC balance sheet and cash flow?

Yes. The MAHINDRA EPC IRRIG LTD (MAHEPC) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 20 October 2026 at 10:17