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Last Updated on: 19 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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. Ramesh RamachandranManaging Director
Dr. Sudhir Kumar GoelDirector
Mr. S DurgashankarDirector
Mrs. Aruna BhingeDirector
Mr. Anand DagaDirector
Mr. Viswanathan KapilanandanDirector
Ms. Ami GodaDirector

Basic Stock Data of Mahindra EPC Irrigation Ltd

Last Updated: July 18, 2024, 10:55 pm

Market Cap 425 Cr.
Current Price 152
High / Low180/105
Stock P/E211
Book Value 59.2
Dividend Yield0.00 %
ROCE3.12 %
ROE1.22 %
Face Value 10.0
PEG Ratio-6.21

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

Last Updated: July 10, 2024, 7:29 pm

Mahindra EPC Irrigation Ltd Quarterly Chart

Mahindra EPC Irrigation Ltd Profit & Loss

Last Updated: July 10, 2024, 7:29 pm

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

Growth

Compounded Sales Growth
10 Years:4%
5 Years:0%
3 Years:1%
TTM:25%
Compounded Profit Growth
10 Years:-13%
5 Years:-29%
3 Years:-53%
TTM:117%
Stock Price CAGR
10 Years:-3%
5 Years:8%
3 Years:-3%
1 Year:27%
Return on Equity
10 Years:4%
5 Years:3%
3 Years:-3%
Last Year:1%

Last Updated: July 17, 2024, 5:27 pm

Mahindra EPC Irrigation Ltd Balance Sheet

Last Updated: July 10, 2024, 7:29 pm

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

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 1-1419-3-5-1551011-23192
Cash from Investing Activity -241526-46-3-2-1-1-2-2
Cash from Financing Activity 251-17-0-13-33-1720-12-4
Net Cash Flow2142-9-6-011-7-44-4

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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters54.40%54.40%54.40%54.40%54.31%54.31%54.31%54.31%54.26%54.26%54.26%54.26%
FIIs0.00%0.04%0.01%0.10%0.00%0.11%0.01%0.01%0.13%0.19%0.05%0.11%
Public45.60%45.56%45.59%45.50%45.69%45.60%45.70%45.68%45.62%45.56%45.70%45.63%
No. of Shareholders32,00732,28131,80931,93131,70031,00230,40230,02829,67328,95129,41529,175

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 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.60-4.41-2.846.818.29
Diluted EPS (Rs.)0.60-4.41-2.836.788.29
Cash EPS (Rs.)1.90-3.21-1.568.009.75
Book Value[Excl.RevalReserv]/Share (Rs.)59.2258.5962.9966.8461.28
Book Value[Incl.RevalReserv]/Share (Rs.)59.2258.5962.9966.8461.28
Revenue From Operations / Share (Rs.)94.0375.4376.1291.31102.20
PBDIT / Share (Rs.)3.14-3.75-1.7810.4313.74
PBIT / Share (Rs.)2.01-4.85-2.929.3212.37
PBT / Share (Rs.)1.04-5.65-3.639.0911.66
Net Profit / Share (Rs.)0.77-4.31-2.696.898.38
NP After MI And SOA / Share (Rs.)0.59-4.41-2.846.818.29
PBDIT Margin (%)3.34-4.96-2.3411.4213.44
PBIT Margin (%)2.14-6.43-3.8310.2112.10
PBT Margin (%)1.10-7.48-4.779.9511.41
Net Profit Margin (%)0.81-5.71-3.537.558.20
NP After MI And SOA Margin (%)0.63-5.85-3.737.458.11
Return on Networth / Equity (%)1.01-7.53-4.5010.1813.53
Return on Capital Employeed (%)3.38-8.25-4.6113.9220.14
Return On Assets (%)0.64-4.86-2.827.088.74
Total Debt / Equity (X)0.090.090.000.000.07
Asset Turnover Ratio (%)1.030.780.770.951.17
Current Ratio (X)2.352.201.962.442.05
Quick Ratio (X)1.861.751.612.011.66
Inventory Turnover Ratio (X)3.243.463.863.724.40
Dividend Payout Ratio (NP) (%)0.000.00-42.2417.5814.51
Dividend Payout Ratio (CP) (%)0.000.00-70.3915.1112.46
Earning Retention Ratio (%)0.000.00142.2482.4285.49
Cash Earning Retention Ratio (%)0.000.00170.3984.8987.54
Interest Coverage Ratio (X)3.24-4.71-2.5144.4519.29
Interest Coverage Ratio (Post Tax) (X)1.79-4.42-2.7930.3712.77
Enterprise Value (Cr.)346.25248.60249.69392.36206.32
EV / Net Operating Revenue (X)1.321.181.181.540.72
EV / EBITDA (X)39.48-23.79-50.2513.515.40
MarketCap / Net Operating Revenue (X)1.271.141.191.570.72
Retention Ratios (%)0.000.00142.2482.4185.48
Price / BV (X)2.021.471.442.141.21
Price / Net Operating Revenue (X)1.271.141.191.570.72
EarningsYield0.01-0.05-0.030.040.11

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

Fair Value: 155.44

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.

Undervalued: 2.26% compared to the current price 152

Intrinsic Value: 102.60

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 32.50% compared to the current price 152

Last 5 Year EPS CAGR: -33.99%

*Investments are subject to market risks

Strength and Weakness of Mahindra EPC Irrigation Ltd Stock

StrengthWeakness
  1. The company has higher reserves (117.42 cr) compared to borrowings (8.92 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 has a low average ROCE of 7.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 139.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 141.08, which may not be favorable.

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FAQ

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

The latest fair value of Mahindra EPC Irrigation Ltd is ₹155.44.

What is the Market Cap of Mahindra EPC Irrigation Ltd?

The Market Cap of Mahindra EPC Irrigation Ltd is 425 Cr..

What is the current Stock Price of Mahindra EPC Irrigation Ltd as on 19 July 2024?

The current stock price of Mahindra EPC Irrigation Ltd as on 19 July 2024 is 152.

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

In FY 2024, the High / Low of Mahindra EPC Irrigation Ltd stocks is 180/105.

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

The Stock P/E of Mahindra EPC Irrigation Ltd is 211.

What is the Book Value of Mahindra EPC Irrigation Ltd?

The Book Value of Mahindra EPC Irrigation Ltd is 59.2.

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.

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