Mahindra EPC Irrigation Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 13, 2025, 1:29 pm

Market Cap	304 Cr.
Current Price	109
High / Low	180/96.5
Stock P/E	122
Book Value	57.2
Dividend Yield	0.00 %
ROCE	3.12 %
ROE	1.22 %
Face Value	10.0
PEG Ratio	-3.60

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Mahindra EPC Irrigation Ltd

Competitors of Mahindra EPC Irrigation Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
RM Drip & Sprinklers Systems Ltd	1,006 Cr.	403	444/112	121	23.8	0.00 %	23.2 %	20.3 %	10.0
Mahindra EPC Irrigation Ltd	304 Cr.	109	180/96.5	122	57.2	0.00 %	3.12 %	1.22 %	10.0
Jain Irrigation Systems Ltd	3,812 Cr.	56.0	84.2/43.6	119	81.3	0.00 %	5.79 %	0.81 %	2.00
Industry Average	1,707.33 Cr	189.33		120.67	54.10	0.00%	10.70%	7.44%	7.33

All Competitor Stocks of Mahindra EPC Irrigation Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	51.13	66.48	47.32	26.30	65.79	70.96	53.25	57.74	80.29	71.17	45.31	50.02	81.45
Expenses	54.15	65.76	53.97	35.45	66.18	67.98	53.14	57.15	76.40	70.05	47.68	52.97	71.79
Operating Profit	-3.02	0.72	-6.65	-9.15	-0.39	2.98	0.11	0.59	3.89	1.12	-2.37	-2.95	9.66
OPM %	-5.91%	1.08%	-14.05%	-34.79%	-0.59%	4.20%	0.21%	1.02%	4.84%	1.57%	-5.23%	-5.90%	11.86%
Other Income	-0.13	0.23	0.04	0.04	0.88	1.59	0.02	0.11	-0.09	2.54	0.10	0.63	0.15
Interest	0.44	0.62	0.73	0.59	0.44	0.46	0.57	0.66	0.73	0.75	0.47	0.58	0.47
Depreciation	0.80	0.78	0.77	0.76	0.76	0.79	0.78	0.78	0.78	0.81	0.80	0.81	0.81
Profit before tax	-4.39	-0.45	-8.11	-10.46	-0.71	3.32	-1.22	-0.74	2.29	2.10	-3.54	-3.71	8.53
Tax %	-13.67%	-113.33%	-21.82%	-21.03%	-47.89%	17.77%	-33.61%	-8.11%	27.07%	29.05%	-25.71%	-25.61%	25.56%
Net Profit	-3.79	0.06	-6.34	-8.26	-0.37	2.73	-0.81	-0.68	1.67	1.49	-2.63	-2.76	6.35
EPS in Rs	-1.36	0.02	-2.27	-2.96	-0.13	0.98	-0.29	-0.24	0.60	0.53	-0.94	-0.99	2.27

Last Updated: February 28, 2025, 6:35 pm

Below is a detailed analysis of the quarterly data for Mahindra EPC Irrigation Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹81.45 Cr.. The value appears strong and on an upward trend. It has increased from 50.02 Cr. (Sep 2024) to ₹81.45 Cr., marking an increase of ₹31.43 Cr..
For Expenses, as of Dec 2024, the value is ₹71.79 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 52.97 Cr. (Sep 2024) to ₹71.79 Cr., marking an increase of ₹18.82 Cr..
For Operating Profit, as of Dec 2024, the value is ₹9.66 Cr.. The value appears strong and on an upward trend. It has increased from -2.95 Cr. (Sep 2024) to ₹9.66 Cr., marking an increase of ₹12.61 Cr..
For OPM %, as of Dec 2024, the value is 11.86%. The value appears strong and on an upward trend. It has increased from -5.90% (Sep 2024) to 11.86%, marking an increase of 17.76%.
For Other Income, as of Dec 2024, the value is ₹0.15 Cr.. The value appears to be declining and may need further review. It has decreased from 0.63 Cr. (Sep 2024) to ₹0.15 Cr., marking a decrease of 0.48 Cr..
For Interest, as of Dec 2024, the value is ₹0.47 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.58 Cr. (Sep 2024) to ₹0.47 Cr., marking a decrease of 0.11 Cr..
For Depreciation, as of Dec 2024, the value is ₹0.81 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.81 Cr..
For Profit before tax, as of Dec 2024, the value is ₹8.53 Cr.. The value appears strong and on an upward trend. It has increased from -3.71 Cr. (Sep 2024) to ₹8.53 Cr., marking an increase of ₹12.24 Cr..
For Tax %, as of Dec 2024, the value is 25.56%. The value appears to be increasing, which may not be favorable. It has increased from -25.61% (Sep 2024) to 25.56%, marking an increase of 51.17%.
For Net Profit, as of Dec 2024, the value is ₹6.35 Cr.. The value appears strong and on an upward trend. It has increased from -2.76 Cr. (Sep 2024) to ₹6.35 Cr., marking an increase of ₹9.11 Cr..
For EPS in Rs, as of Dec 2024, the value is 2.27. The value appears strong and on an upward trend. It has increased from ₹-0.99 (Sep 2024) to 2.27, marking an increase of 3.26.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:35 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	161	175	169	203	201	205	260	284	254	212	210	262	248
Expenses	154	164	165	192	189	193	240	247	228	217	224	257	242
Operating Profit	8	10	4	11	13	12	20	37	26	-5	-13	6	5
OPM %	5%	6%	2%	5%	6%	6%	8%	13%	10%	-3%	-6%	2%	2%
Other Income	3	2	2	2	2	2	1	1	3	-1	3	3	3
Interest	2	2	1	0	2	0	1	2	1	2	2	3	2
Depreciation	3	3	3	3	3	3	3	4	3	3	3	3	3
Profit before tax	5	8	3	10	10	10	17	32	25	-11	-16	2	3
Tax %	0%	0%	33%	15%	-2%	52%	32%	28%	24%	-23%	-23%	31%
Net Profit	5	8	2	9	10	5	11	23	19	-9	-12	2	2
EPS in Rs	1.93	2.79	0.65	3.16	3.58	1.78	4.12	8.38	6.89	-3.09	-4.39	0.60	0.87
Dividend Payout %	0%	0%	0%	0%	0%	28%	24%	14%	17%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	60.00%	-75.00%	350.00%	11.11%	-50.00%	120.00%	109.09%	-17.39%	-147.37%	-33.33%	116.67%
Change in YoY Net Profit Growth (%)	0.00%	-135.00%	425.00%	-338.89%	-61.11%	170.00%	-10.91%	-126.48%	-129.98%	114.04%	150.00%

Mahindra EPC Irrigation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	4%
5 Years:	0%
3 Years:	1%
TTM:	-5%

Compounded Profit Growth
10 Years:	-13%
5 Years:	-29%
3 Years:	-53%
TTM:	-26%

Stock Price CAGR
10 Years:	-4%
5 Years:	3%
3 Years:	2%
1 Year:	-5%

Return on Equity
10 Years:	4%
5 Years:	3%
3 Years:	-3%
Last Year:	1%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:35 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	28	28	28	28	28	28	28	28	28	28	28	28	28
Reserves	78	85	87	96	107	112	122	143	159	147	136	137	132
Borrowings	14	16	1	0	0	4	3	13	0	25	15	16	23
Other Liabilities	25	33	37	46	49	53	68	80	81	79	75	76	78
Total Liabilities	144	163	152	170	183	196	221	264	268	280	253	257	261
Fixed Assets	31	32	30	27	25	25	24	28	26	23	22	21	21
CWIP	0	0	0	0	1	0	0	0	0	0	0	0	0
Investments	0	0	0	0	5	0	2	2	2	1	0	0	0
Other Assets	113	130	122	143	152	171	195	234	241	256	231	236	240
Total Assets	144	163	152	170	183	196	221	264	268	280	253	257	261

Below is a detailed analysis of the balance sheet data for Mahindra EPC Irrigation Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹28.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹28.00 Cr..
For Reserves, as of Sep 2024, the value is ₹132.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹137.00 Cr. (Mar 2024) to ₹132.00 Cr., marking a decrease of 5.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹23.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹16.00 Cr. (Mar 2024) to ₹23.00 Cr., marking an increase of 7.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹78.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹76.00 Cr. (Mar 2024) to ₹78.00 Cr., marking an increase of 2.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹261.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹257.00 Cr. (Mar 2024) to ₹261.00 Cr., marking an increase of 4.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹21.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹21.00 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹240.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹236.00 Cr. (Mar 2024) to ₹240.00 Cr., marking an increase of 4.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹261.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹257.00 Cr. (Mar 2024) to ₹261.00 Cr., marking an increase of 4.00 Cr..

Notably, the Reserves (₹132.00 Cr.) exceed the Borrowings (23.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	1	-14	19	-3	-5	-15	5	10	11	-23	19	2
Cash from Investing Activity +	-24	15	2	6	-4	6	-3	-2	-1	-1	-2	-2
Cash from Financing Activity +	25	1	-17	-0	-1	3	-3	3	-17	20	-12	-4
Net Cash Flow	2	1	4	2	-9	-6	-0	11	-7	-4	4	-4

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-6.00	-6.00	3.00	11.00	13.00	8.00	17.00	24.00	26.00	-30.00	-28.00	-10.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	96	122	123	136	165	191	175	165	200	238	197	202
Inventory Days	83	115	96	85	104	113	68	97	94	99	116	116
Days Payable	57	64	81	80	108	125	136	178	176	170	164	161
Cash Conversion Cycle	122	173	138	142	161	179	107	85	118	167	150	158
Working Capital Days	99	110	113	112	145	172	130	126	158	212	200	189
ROCE %	8%	8%	3%	9%	9%	7%	12%	20%	14%	-4%	-7%	3%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	54.40%	54.31%	54.31%	54.31%	54.31%	54.26%	54.26%	54.26%	54.26%	54.21%	54.21%	54.21%
FIIs	0.10%	0.00%	0.11%	0.01%	0.01%	0.13%	0.19%	0.05%	0.11%	0.60%	0.20%	0.08%
Public	45.50%	45.69%	45.60%	45.70%	45.68%	45.62%	45.56%	45.70%	45.63%	45.18%	45.58%	45.71%
No. of Shareholders	31,931	31,700	31,002	30,402	30,028	29,673	28,951	29,415	29,175	27,471	27,345	27,835

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.60	-4.41	-2.84	6.81	8.29
Diluted EPS (Rs.)	0.60	-4.41	-2.83	6.78	8.29
Cash EPS (Rs.)	1.90	-3.21	-1.56	8.00	9.75
Book Value[Excl.RevalReserv]/Share (Rs.)	59.22	58.59	62.99	66.84	61.28
Book Value[Incl.RevalReserv]/Share (Rs.)	59.22	58.59	62.99	66.84	61.28
Revenue From Operations / Share (Rs.)	94.03	75.43	76.12	91.31	102.20
PBDIT / Share (Rs.)	3.14	-3.75	-1.78	10.43	13.74
PBIT / Share (Rs.)	2.01	-4.85	-2.92	9.32	12.37
PBT / Share (Rs.)	1.04	-5.65	-3.63	9.09	11.66
Net Profit / Share (Rs.)	0.77	-4.31	-2.69	6.89	8.38
NP After MI And SOA / Share (Rs.)	0.59	-4.41	-2.84	6.81	8.29
PBDIT Margin (%)	3.34	-4.96	-2.34	11.42	13.44
PBIT Margin (%)	2.14	-6.43	-3.83	10.21	12.10
PBT Margin (%)	1.10	-7.48	-4.77	9.95	11.41
Net Profit Margin (%)	0.81	-5.71	-3.53	7.55	8.20
NP After MI And SOA Margin (%)	0.63	-5.85	-3.73	7.45	8.11
Return on Networth / Equity (%)	1.01	-7.53	-4.50	10.18	13.53
Return on Capital Employeed (%)	3.38	-8.25	-4.61	13.92	20.14
Return On Assets (%)	0.64	-4.86	-2.82	7.08	8.74
Total Debt / Equity (X)	0.09	0.09	0.00	0.00	0.07
Asset Turnover Ratio (%)	1.03	0.78	0.77	0.95	1.17
Current Ratio (X)	2.35	2.20	1.96	2.44	2.05
Quick Ratio (X)	1.86	1.75	1.61	2.01	1.66
Inventory Turnover Ratio (X)	3.24	3.46	3.86	3.72	4.40
Dividend Payout Ratio (NP) (%)	0.00	0.00	-42.24	17.58	14.51
Dividend Payout Ratio (CP) (%)	0.00	0.00	-70.39	15.11	12.46
Earning Retention Ratio (%)	0.00	0.00	142.24	82.42	85.49
Cash Earning Retention Ratio (%)	0.00	0.00	170.39	84.89	87.54
Interest Coverage Ratio (X)	3.24	-4.71	-2.51	44.45	19.29
Interest Coverage Ratio (Post Tax) (X)	1.79	-4.42	-2.79	30.37	12.77
Enterprise Value (Cr.)	346.25	248.60	249.69	392.36	206.32
EV / Net Operating Revenue (X)	1.32	1.18	1.18	1.54	0.72
EV / EBITDA (X)	39.48	-23.79	-50.25	13.51	5.40
MarketCap / Net Operating Revenue (X)	1.27	1.14	1.19	1.57	0.72
Retention Ratios (%)	0.00	0.00	142.24	82.41	85.48
Price / BV (X)	2.02	1.47	1.44	2.14	1.21
Price / Net Operating Revenue (X)	1.27	1.14	1.19	1.57	0.72
EarningsYield	0.01	-0.05	-0.03	0.04	0.11

After reviewing the key financial ratios for Mahindra EPC Irrigation Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 0.60. This value is below the healthy minimum of 5. It has increased from -4.41 (Mar 23) to 0.60, marking an increase of 5.01.
For Diluted EPS (Rs.), as of Mar 24, the value is 0.60. This value is below the healthy minimum of 5. It has increased from -4.41 (Mar 23) to 0.60, marking an increase of 5.01.
For Cash EPS (Rs.), as of Mar 24, the value is 1.90. This value is below the healthy minimum of 3. It has increased from -3.21 (Mar 23) to 1.90, marking an increase of 5.11.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 59.22. It has increased from 58.59 (Mar 23) to 59.22, marking an increase of 0.63.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 59.22. It has increased from 58.59 (Mar 23) to 59.22, marking an increase of 0.63.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 94.03. It has increased from 75.43 (Mar 23) to 94.03, marking an increase of 18.60.
For PBDIT / Share (Rs.), as of Mar 24, the value is 3.14. This value is within the healthy range. It has increased from -3.75 (Mar 23) to 3.14, marking an increase of 6.89.
For PBIT / Share (Rs.), as of Mar 24, the value is 2.01. This value is within the healthy range. It has increased from -4.85 (Mar 23) to 2.01, marking an increase of 6.86.
For PBT / Share (Rs.), as of Mar 24, the value is 1.04. This value is within the healthy range. It has increased from -5.65 (Mar 23) to 1.04, marking an increase of 6.69.
For Net Profit / Share (Rs.), as of Mar 24, the value is 0.77. This value is below the healthy minimum of 2. It has increased from -4.31 (Mar 23) to 0.77, marking an increase of 5.08.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 0.59. This value is below the healthy minimum of 2. It has increased from -4.41 (Mar 23) to 0.59, marking an increase of 5.00.
For PBDIT Margin (%), as of Mar 24, the value is 3.34. This value is below the healthy minimum of 10. It has increased from -4.96 (Mar 23) to 3.34, marking an increase of 8.30.
For PBIT Margin (%), as of Mar 24, the value is 2.14. This value is below the healthy minimum of 10. It has increased from -6.43 (Mar 23) to 2.14, marking an increase of 8.57.
For PBT Margin (%), as of Mar 24, the value is 1.10. This value is below the healthy minimum of 10. It has increased from -7.48 (Mar 23) to 1.10, marking an increase of 8.58.
For Net Profit Margin (%), as of Mar 24, the value is 0.81. This value is below the healthy minimum of 5. It has increased from -5.71 (Mar 23) to 0.81, marking an increase of 6.52.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 0.63. This value is below the healthy minimum of 8. It has increased from -5.85 (Mar 23) to 0.63, marking an increase of 6.48.
For Return on Networth / Equity (%), as of Mar 24, the value is 1.01. This value is below the healthy minimum of 15. It has increased from -7.53 (Mar 23) to 1.01, marking an increase of 8.54.
For Return on Capital Employeed (%), as of Mar 24, the value is 3.38. This value is below the healthy minimum of 10. It has increased from -8.25 (Mar 23) to 3.38, marking an increase of 11.63.
For Return On Assets (%), as of Mar 24, the value is 0.64. This value is below the healthy minimum of 5. It has increased from -4.86 (Mar 23) to 0.64, marking an increase of 5.50.
For Total Debt / Equity (X), as of Mar 24, the value is 0.09. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 0.09.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.03. It has increased from 0.78 (Mar 23) to 1.03, marking an increase of 0.25.
For Current Ratio (X), as of Mar 24, the value is 2.35. This value is within the healthy range. It has increased from 2.20 (Mar 23) to 2.35, marking an increase of 0.15.
For Quick Ratio (X), as of Mar 24, the value is 1.86. This value is within the healthy range. It has increased from 1.75 (Mar 23) to 1.86, marking an increase of 0.11.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.24. This value is below the healthy minimum of 4. It has decreased from 3.46 (Mar 23) to 3.24, marking a decrease of 0.22.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Interest Coverage Ratio (X), as of Mar 24, the value is 3.24. This value is within the healthy range. It has increased from -4.71 (Mar 23) to 3.24, marking an increase of 7.95.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.79. This value is below the healthy minimum of 3. It has increased from -4.42 (Mar 23) to 1.79, marking an increase of 6.21.
For Enterprise Value (Cr.), as of Mar 24, the value is 346.25. It has increased from 248.60 (Mar 23) to 346.25, marking an increase of 97.65.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.32. This value is within the healthy range. It has increased from 1.18 (Mar 23) to 1.32, marking an increase of 0.14.
For EV / EBITDA (X), as of Mar 24, the value is 39.48. This value exceeds the healthy maximum of 15. It has increased from -23.79 (Mar 23) to 39.48, marking an increase of 63.27.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.27. This value is within the healthy range. It has increased from 1.14 (Mar 23) to 1.27, marking an increase of 0.13.
For Retention Ratios (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 30. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Price / BV (X), as of Mar 24, the value is 2.02. This value is within the healthy range. It has increased from 1.47 (Mar 23) to 2.02, marking an increase of 0.55.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.27. This value is within the healthy range. It has increased from 1.14 (Mar 23) to 1.27, marking an increase of 0.13.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. It has increased from -0.05 (Mar 23) to 0.01, marking an increase of 0.06.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Mahindra EPC Irrigation Ltd as of March 13, 2025 is: ₹69.47

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 13, 2025, Mahindra EPC Irrigation Ltd is Overvalued by 36.27% compared to the current share price 109.00

Intrinsic Value of Mahindra EPC Irrigation Ltd as of March 13, 2025 is: 45.93

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 13, 2025, Mahindra EPC Irrigation Ltd is Overvalued by 57.86% compared to the current share price 109.00

Last 5 Year EPS CAGR: -33.89%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (118.54 cr) compared to borrowings (10.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (218.77 cr) and profit (7.54 cr) over the years.	The stock has a low average ROCE of 6.83%, which may not be favorable. The stock has a high average Working Capital Days of 147.17, which may not be favorable. The stock has a high average Cash Conversion Cycle of 141.67, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Mahindra EPC Irrigation Ltd:
1. Net Profit Margin: 0.81%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 3.38% (Industry Average ROCE: 10.7%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 1.01% (Industry Average ROE: 7.44%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.79
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.86
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 122 (Industry average Stock P/E: 120.67)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.09
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Mahindra EPC Irrigation Ltd. is a Public Limited Listed company incorporated on 28/11/1981 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L25200MH1981PLC025731 and registration number is 025731. Currently company belongs to the Industry of Micro Irrigation Systems. Company's Total Operating Revenue is Rs. 262.45 Cr. and Equity Capital is Rs. 27.91 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Micro Irrigation Systems	Plot No. H-109, MIDC, Ambad, Nasik Maharashtra 422010	info@mahindrairrigation.com http://www.epcmahindra.com

Management
Name	Position Held
Mr. Shriprakash Shukla	Chairman
Mr. Ramesh Ramachandran	Managing Director
Dr. Sudhir Kumar Goel	Director
Mr. S Durgashankar	Director
Mrs. Aruna Bhinge	Director
Mr. Anand Daga	Director
Mr. Viswanathan Kapilanandan	Director
Ms. Ami Goda	Director

FAQ

What is the latest intrinsic value of Mahindra EPC Irrigation Ltd?

The latest intrinsic value of Mahindra EPC Irrigation Ltd as on 13 March 2025 is 69.47, which is 36.27% lower than the current market price of ₹109.00, indicating the stock is overvalued by 36.27%. The intrinsic value of Mahindra EPC Irrigation Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹304 Cr. and recorded a high/low of ₹180/96.5 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹132 Cr and total liabilities of ₹261 Cr.

What is the Market Cap of Mahindra EPC Irrigation Ltd?

The Market Cap of Mahindra EPC Irrigation Ltd is 304 Cr..

What is the current Stock Price of Mahindra EPC Irrigation Ltd as on 13 March 2025?

The current stock price of Mahindra EPC Irrigation Ltd as on 13 March 2025 is ₹109.

What is the High / Low of Mahindra EPC Irrigation Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Mahindra EPC Irrigation Ltd stocks is ₹180/96.5.

What is the Stock P/E of Mahindra EPC Irrigation Ltd?

The Stock P/E of Mahindra EPC Irrigation Ltd is 122.

What is the Book Value of Mahindra EPC Irrigation Ltd?

The Book Value of Mahindra EPC Irrigation Ltd is 57.2.

What is the Dividend Yield of Mahindra EPC Irrigation Ltd?

The Dividend Yield of Mahindra EPC Irrigation Ltd is 0.00 %.

What is the ROCE of Mahindra EPC Irrigation Ltd?

The ROCE of Mahindra EPC Irrigation Ltd is 3.12 %.

What is the ROE of Mahindra EPC Irrigation Ltd?

The ROE of Mahindra EPC Irrigation Ltd is 1.22 %.

What is the Face Value of Mahindra EPC Irrigation Ltd?

The Face Value of Mahindra EPC Irrigation Ltd is 10.0.