Mahindra EPC Irrigation Limited (IN:MAHEPC)
:MAHEPC
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Mahindra EPC Irrigation Limited
(MAHEPC)
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Rating:55Neutral
Price Target:
₹103.00
▼(-23.13% Downside)
Action:ReiteratedDate:04/02/26
The score is held back mainly by weak technicals (strong downtrend and negative momentum) and cash-flow concerns (negative free cash flow growth and poor operating cash conversion). These are partially offset by a stable, low-debt balance sheet and a moderate P/E valuation.
Positive Factors
High gross margin
A 54% gross margin signals durable product-level economics and effective cost control on core micro-irrigation components. High gross profitability provides buffer versus raw-material swings, supports margins on project work, and underpins long-term reinvestment in product and distribution.
Negative Factors
Weak cash conversion
Operating cash outflows exceeding net income and negative free cash flow growth show earnings are not converting to cash. Over 2-6 months this can constrain working capital for seasonally timed projects, limit CapEx funding, and force reliance on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margin
A 54% gross margin signals durable product-level economics and effective cost control on core micro-irrigation components. High gross profitability provides buffer versus raw-material swings, supports margins on project work, and underpins long-term reinvestment in product and distribution.
Read all positive factors
Mahindra EPC Irrigation Limited (MAHEPC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.15B
Dividend YieldN/A
Average Volume (3M)6.85K
Price to Earnings (P/E)13.8
Beta (1Y)1.25
Revenue Growth17.09%
EPS GrowthN/A
CountryIN
Employees329
SectorServices
Sector StrengthN/A
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)2.32
Shares Outstanding27,942,469
10 Day Avg. Volume4,639
30 Day Avg. Volume6,854
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)1.93
Price to Sales (P/S)1.22
P/FCF Ratio-52.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mahindra EPC Irrigation Limited Business Overview & Revenue Model
Company Description
Mahindra EPC Irrigation Limited manufactures and sells micro irrigation systems in India. The company's drip irrigation products include online drip irrigation products, such as drippers and plain lateral products; inline drip irrigation products ...
How the Company Makes Money
MAHEPC makes money primarily by selling micro-irrigation products and executing irrigation system deployments for farmers and agricultural projects. Its key revenue streams typically include (1) product sales of drip irrigation systems (laterals, ...
Mahindra EPC Irrigation Limited Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
70
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.89B | 2.73B | 2.62B | 2.10B | 2.12B | 2.54B |
| Gross Profit | 1.49B | 1.47B | 1.22B | 384.50M | 779.64M | 1.20B |
| EBITDA | 259.80M | 163.50M | 84.20M | -106.30M | -50.03M | 292.59M |
| Net Income | 140.10M | 72.10M | 16.70M | -123.10M | -79.07M | 189.62M |
Balance Sheet | ||||||
| Total Assets | 3.01B | 2.92B | 2.57B | 2.53B | 2.80B | 2.68B |
| Cash, Cash Equivalents and Short-Term Investments | 17.80M | 16.90M | 30.10M | 81.20M | 400.00K | 44.38M |
| Total Debt | 365.80M | 254.00M | 159.00M | 151.50M | 251.91M | 264.00K |
| Total Liabilities | 1.27B | 1.19B | 918.10M | 897.70M | 1.04B | 815.10M |
| Stockholders Equity | 1.74B | 1.73B | 1.65B | 1.63B | 1.75B | 1.86B |
Cash Flow | ||||||
| Free Cash Flow | -115.20M | -63.50M | -9.00M | 168.50M | -239.49M | 96.23M |
| Operating Cash Flow | -103.40M | -43.90M | 15.80M | 190.30M | -231.31M | 110.07M |
| Investing Cash Flow | -8.90M | -15.30M | -16.70M | -24.00M | -9.63M | -10.56M |
| Financing Cash Flow | 96.30M | 74.10M | -41.30M | -122.50M | 197.14M | -166.38M |
Mahindra EPC Irrigation Limited Technical Analysis
Neutral
134.00
Price Trends
115.02
Negative
121.31
Negative
135.00
Negative
Market Momentum
-2.14
Negative
53.55
Neutral
79.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAHEPC, the sentiment is Neutral. The current price of 134 is above the 20-day moving average (MA) of 108.01, above the 50-day MA of 115.02, and below the 200-day MA of 135.00, indicating a neutral trend. The MACD of -2.14 indicates Negative momentum. The RSI at 53.55 is Neutral, neither overbought nor oversold. The STOCH value of 79.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MAHEPC.
Mahindra EPC Irrigation Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹1.73B | 6.70 | ― | 2.79% | 9.72% | -57.95% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
55 Neutral | ₹3.15B | 13.84 | ― | ― | 17.09% | ― | |
46 Neutral | ₹1.64B | -0.64 | ― | ― | ― | ― | |
43 Neutral | ₹982.71M | -0.31 | ― | ― | 4.63% | 67.17% | |
40 Underperform | ₹3.56B | -248.95 | ― | ― | -6.13% | 98.35% |
* Services Sector Average
IN:MAHEPC
Mahindra EPC Irrigation Limited
112.90
-24.30
-17.71%
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27.16
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IN:SADBHAV
Sadbhav Engineering Limited
9.53
-1.70
-15.14%
IN:SADBHIN
Sadbhav Infrastructure Project Ltd.
2.79
-1.99
-41.63%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.