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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Mahindra EPC Irrigation Ltd

About the Company - Mahindra EPC Irrigation Ltd

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. 211.94 Cr. and Equity Capital is Rs. 27.84 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Micro Irrigation SystemsPlot No. H-109, MIDC, Ambad, Nasik Maharashtra 422010info@mahindrairrigation.com
http://www.epcmahindra.com
Management
NamePosition Held
Mr. Shriprakash ShuklaChairman
Mr. Ashok SharmaManaging Director
Dr. Sudhir Kumar GoelDirector
Mrs. Aruna BhingeDirector
Mr. S DurgashankarDirector
Mr. Anand DagaDirector

Mahindra EPC Irrigation Ltd. Share Price Update

Share PriceValue
Today₹135.95
Previous Day₹136.10

Basic Stock Data of Mahindra EPC Irrigation Ltd

Market Cap 382 Cr.
Current Price 137
High / Low163/83.8
Stock P/E113
Book Value 58.0
Dividend Yield0.00 %
ROCE7.14 %
ROE7.10 %
Face Value 10.0

Data Source: screener.in

Mahindra EPC Irrigation Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales80.7371.5438.6355.6951.1366.4847.3226.3065.7970.9653.2557.7480.29
Expenses70.5565.7742.2955.1554.1565.7653.9735.4566.1867.9853.1457.1576.40
Operating Profit10.185.77-3.660.54-3.020.72-6.65-9.15-0.392.980.110.593.89
OPM %12.61%8.07%-9.47%0.97%-5.91%1.08%-14.05%-34.79%-0.59%4.20%0.21%1.02%4.84%
Other Income0.251.02-0.65-0.11-0.130.230.040.040.881.590.020.11-0.09
Interest0.100.400.270.650.440.620.730.590.440.460.570.660.73
Depreciation0.760.790.790.790.800.780.770.760.760.790.780.780.78
Profit before tax9.575.60-5.37-1.01-4.39-0.45-8.11-10.46-0.713.32-1.22-0.742.29
Tax %20.06%27.68%27.93%0.00%13.67%113.33%21.82%21.03%47.89%17.77%33.61%8.11%27.07%
Net Profit7.654.04-3.87-1.01-3.790.06-6.34-8.26-0.372.73-0.81-0.681.67
EPS in Rs2.751.45-1.39-0.36-1.360.02-2.27-2.96-0.130.98-0.29-0.240.60

Mahindra EPC Irrigation Ltd Quarterly Chart

Mahindra EPC Irrigation Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales125161175169203201205260284254212210262
Expenses115154164165192189193240247228217224255
Operating Profit108104111312203726-5-138
OPM %8%5%6%2%5%6%6%8%13%10%-3%-6%3%
Other Income2322222113-132
Interest3221020121222
Depreciation2333333343333
Profit before tax7583101010173225-11-164
Tax %7%0%0%33%15%-2%52%32%28%24%23%23%
Net Profit75829105112319-9-123
EPS in Rs2.411.932.790.653.163.581.784.128.386.89-3.09-4.391.05
Dividend Payout %0%0%0%0%0%0%28%24%14%17%0%0%

Mahindra EPC Irrigation Ltd Profit & Loss Yearly Chart

Mahindra EPC Irrigation Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:1%
3 Years:-10%
TTM:27%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:123%
Stock Price CAGR
10 Years:2%
5 Years:8%
3 Years:-4%
1 Year:42%
Return on Equity
10 Years:5%
5 Years:4%
3 Years:0%
Last Year:-7%

Mahindra EPC Irrigation Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital17282828282828282828282828
Reserves4378858796107112122143159147136134
Borrowings28141610043130251531
Other Liabilities25253337464953688081797579
Total Liabilities113144163152170183196221264268280253272
Fixed Assets29313230272525242826232221
CWIP0000010000001
Investments0000050222100
Other Assets84113130122143152171195234241256231250
Total Assets113144163152170183196221264268280253272

Mahindra EPC Irrigation Ltd Reserves and Borrowings Chart

Mahindra EPC Irrigation Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -61-1419-3-5-1551011-2319
Cash from Investing Activity -13-241526-46-3-2-1-1-2
Cash from Financing Activity -12251-17-0-13-33-1720-12
Net Cash Flow-302142-9-6-011-7-44

Mahindra EPC Irrigation Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days11096122123136165191175165200238197
Inventory Days11183115968510411368979499116
Days Payable7157648180108125136178176170164
Cash Conversion Cycle15112217313814216117910785118167150
Working Capital Days10099110113112145172130126158212200
ROCE %11%8%8%3%9%9%7%12%20%14%-4%-7%

Mahindra EPC Irrigation Ltd Financial Efficiency Indicators Chart

Mahindra EPC Irrigation Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters54.40%54.40%54.40%54.40%54.40%54.31%54.31%54.31%54.31%54.26%54.26%54.26%
FIIs0.00%0.00%0.04%0.01%0.10%0.00%0.11%0.01%0.01%0.13%0.19%0.05%
Public45.60%45.60%45.56%45.59%45.50%45.69%45.60%45.70%45.68%45.62%45.56%45.70%
No. of Shareholders32,19432,00732,28131,80931,93131,70031,00230,40230,02829,67328,95129,415

Mahindra EPC Irrigation Ltd Shareholding Pattern Chart

No. of Mahindra EPC Irrigation Ltd Shareholders

This stock is not held by any mutual fund

Mahindra EPC Irrigation Ltd ROCE Trend

Mahindra EPC Irrigation Ltd EPS Trend

Mahindra EPC Irrigation Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-4.41-2.846.818.294.07
Diluted EPS (Rs.)-4.41-2.836.788.294.05
Cash EPS (Rs.)-3.21-1.568.009.755.23
Book Value[Excl.RevalReserv]/Share (Rs.)58.5962.9966.8461.2854.05
Book Value[Incl.RevalReserv]/Share (Rs.)58.5962.9966.8461.2854.05
Revenue From Operations / Share (Rs.)75.4376.1291.31102.2093.74
PBDIT / Share (Rs.)-3.75-1.7810.4313.747.71
PBIT / Share (Rs.)-4.85-2.929.3212.376.61
PBT / Share (Rs.)-5.65-3.639.0911.666.11
Net Profit / Share (Rs.)-4.31-2.696.898.384.12
NP After MI And SOA / Share (Rs.)-4.41-2.846.818.294.07
PBDIT Margin (%)-4.96-2.3411.4213.448.22
PBIT Margin (%)-6.43-3.8310.2112.107.04
PBT Margin (%)-7.48-4.779.9511.416.51
Net Profit Margin (%)-5.71-3.537.558.204.39
NP After MI And SOA Margin (%)-5.85-3.737.458.114.34
Return on Networth / Equity (%)-7.53-4.5010.1813.537.53
Return on Capital Employeed (%)-8.25-4.6113.9220.1412.14
Return On Assets (%)-4.86-2.827.088.745.10
Total Debt / Equity (X)0.090.000.000.070.02
Asset Turnover Ratio (%)0.780.770.951.170.00
Current Ratio (X)2.201.962.442.052.31
Quick Ratio (X)1.751.612.011.661.94
Inventory Turnover Ratio (X)3.463.863.724.400.00
Dividend Payout Ratio (NP) (%)0.00-42.2417.5814.5114.78
Dividend Payout Ratio (CP) (%)0.00-70.3915.1112.4611.62
Earning Retention Ratio (%)0.00142.2482.4285.4985.22
Cash Earning Retention Ratio (%)0.00170.3984.8987.5488.38
Interest Coverage Ratio (X)-4.71-2.5144.4519.2915.38
Interest Coverage Ratio (Post Tax) (X)-4.42-2.7930.3712.779.22
Enterprise Value (Cr.)248.60249.69392.36206.32315.93
EV / Net Operating Revenue (X)1.181.181.540.721.21
EV / EBITDA (X)-23.79-50.2513.515.4014.76
MarketCap / Net Operating Revenue (X)1.141.191.570.721.21
Retention Ratios (%)0.00142.2482.4185.4885.21
Price / BV (X)1.471.442.141.212.10
Price / Net Operating Revenue (X)1.141.191.570.721.21
EarningsYield-0.05-0.030.040.110.03

Mahindra EPC Irrigation Ltd Profitability Ratios (%)

Mahindra EPC Irrigation Ltd Liquidity Ratios

Mahindra EPC Irrigation Ltd Liquidity Ratios (%)

Mahindra EPC Irrigation Ltd Interest Coverage Ratios (%)

Mahindra EPC Irrigation Ltd Valuation Ratios

Fair Value of Mahindra EPC Irrigation Ltd Stock

Fair Value: ₹474.64

The stock is undervalued by 246.45% compared to the current price ₹137

*Investments are subject to market risks

Strength and Weakness of Mahindra EPC Irrigation Ltd Stock

StrengthWeakness
  1. The company has higher reserves (111.46 cr) compared to borrowings (11.54 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (209.31 cr) and profit (8.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 4.11 and average Dividend Yield of 3.82%.
  2. The stock has a low average ROCE of 7.50%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 139.75, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 141.08, which may not be favorable.

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About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mahindra EPC Irrigation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE