Mahindra EPC Irrigation Limited (MAHEPC) AI Stock Analysis

• Market Cap: ₹4.22B
• Dividend Yield: N/A
• Average Volume (3M): 19.56K
• Price to Earnings (P/E): 39.0
• Beta (1Y): 1.01
• Revenue Growth: 13.71%
• EPS Growth: N/A
• Country: IN
• Employees: 329
• Sector: Services
• Sector Strength: N/A
• Industry: Agricultural - Machinery
• EPS (TTM): 0.35
• Shares Outstanding: 27,942,469
• 10 Day Avg. Volume: 11,407
• 30 Day Avg. Volume: 19,560
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹147.00
• Price Target Upside: 0.34% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 55 Neutral
• Price Target: ₹147.00 ▲(0.34% Upside)

Mahindra EPC Irrigation Limited's overall stock score is primarily influenced by its solid gross profit margins and stable balance sheet. However, declining profitability and negative cash flow trends are significant concerns. The technical indicators suggest a neutral to slightly bearish outlook, and the high P/E ratio indicates potential overvaluation. The absence of a dividend yield further impacts the stock's attractiveness.

Mahindra EPC Irrigation Limited Business Overview & Revenue Model

Company Description

Mahindra EPC Irrigation Limited (MAHEPC) is a leading company in the field of micro-irrigation systems in India, offering a comprehensive range of solutions for efficient water management in agriculture. The company specializes in manufacturing and supplying drip and sprinkler irrigation systems, which are crucial for enhancing agricultural productivity and conserving water resources. As part of the Mahindra Group, MAHEPC leverages its expertise to support sustainable farming practices and improve the livelihoods of farmers through innovative irrigation solutions.

How the Company Makes Money

Mahindra EPC Irrigation Limited generates revenue primarily through the sale of its micro-irrigation systems, including drip and sprinkler systems, to farmers, agricultural enterprises, and governmental bodies. The company also offers installation and maintenance services, contributing to its revenue streams. Its revenue model is supported by a strong distribution network and partnerships with various stakeholders in the agricultural sector. Additionally, the company benefits from government initiatives promoting sustainable and efficient agricultural practices, which can lead to increased demand for its products. By focusing on innovation and customer service, MAHEPC maintains its competitive edge in the irrigation industry.

Mahindra EPC Irrigation Limited Financial Statement Overview

Summary

Mahindra EPC Irrigation Limited demonstrates solid gross profit margins and a stable balance sheet with low leverage. However, challenges persist with declining profitability margins and negative cash flow trends. The company needs to focus on improving operational efficiency and cash flow management to enhance financial performance.

Income Statement

The company's revenue has shown moderate growth over the past year but remains below its peak levels from prior years. Gross profit margin is strong at 54%, indicating effective cost management. However, net profit margin is low at 2.6% due to declining EBIT and EBITDA margins, indicating reduced operational efficiency.

Balance Sheet

The balance sheet is relatively healthy with a low debt-to-equity ratio of 0.15, suggesting low financial leverage and risk. The equity ratio is robust at 59%, reflecting a strong capital position. Return on Equity (ROE) is modest at 4.2%, indicating limited profitability on shareholders' equity.

Cash Flow

Cash flow analysis reveals negative free cash flow growth, a concerning trend. The operating cash flow to net income ratio is -0.61, indicating operational cash outflows exceeding net income. However, the company has improved its cash position since the previous year.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.73B	2.73B	2.62B	2.10B	2.12B	2.54B
Gross Profit	1.30B	1.47B	1.22B	839.50M	779.64M	1.20B
EBITDA	163.50M	163.50M	84.20M	-106.30M	-50.03M	292.59M
Net Income	72.10M	72.10M	16.70M	-123.10M	-79.07M	189.62M
Balance Sheet
Total Assets	2.92B	2.92B	2.57B	2.53B	2.80B	2.68B
Cash, Cash Equivalents and Short-Term Investments	45.10M	37.90M	30.10M	81.20M	2.65M	44.38M
Total Debt	254.00M	254.00M	159.00M	151.50M	251.91M	264.00K
Total Liabilities	1.19B	1.19B	918.10M	897.70M	1.04B	815.10M
Stockholders Equity	1.73B	1.73B	1.65B	1.63B	1.75B	1.86B
Cash Flow
Free Cash Flow	0.00	-63.50M	-9.00M	168.50M	-239.49M	96.23M
Operating Cash Flow	0.00	-43.90M	15.80M	190.30M	-231.31M	110.07M
Investing Cash Flow	0.00	-15.30M	-16.70M	-24.00M	-9.63M	-10.56M
Financing Cash Flow	0.00	74.10M	-41.30M	-122.50M	197.14M	-166.38M

Mahindra EPC Irrigation Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 146.50
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAHEPC, the sentiment is Positive. The current price of 146.5 is above the 20-day moving average (MA) of 145.00, above the 50-day MA of 143.32, and above the 200-day MA of 129.72, indicating a neutral trend. The MACD of -1.54 indicates Positive momentum. The RSI at 49.94 is Neutral, neither overbought nor oversold. The STOCH value of 36.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MAHEPC.

Mahindra EPC Irrigation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASPINWALL	65 Neutral	₹2.13B	28.03		2.39%	12.00%	-40.85%
MAHEPC	55 Neutral	₹4.22B	39.02		―	13.71%	―
Sector *	54 Neutral	C$45.05M	57.91	15.08%	4.51%	1.39%	-26.37%
IL&FSENGG	―	₹5.51B	―		―	―	―
SADBHIN	41 Neutral	₹1.26B	―		―	2.53%	92.21%

Mahindra EPC Irrigation Limited Corporate Events

Mahindra EPC Irrigation Announces Director Appointment via Postal Ballot

Mahindra EPC Irrigation Limited has announced a postal ballot notice to seek shareholder approval for the appointment of Mr. Rajeev Goyal as an Additional Non-Executive Non-Independent Director. This move is part of the company’s compliance with SEBI regulations and aims to strengthen its board with experienced leadership. The voting process will be conducted electronically, reflecting the company’s adaptation to digital solutions for stakeholder engagement.