Mahindra EPC Irrigation Limited, incorporated in 1986, is a prominent player in the Micro Irrigation Systems market, offering solutions including Drip and Sprinkler systems, Agricultural Pumps, Greenhouses, and Landscape Products. MEPCL is a key entity within the Mahindra Agriculture Business, which operates under the Farm Equipment Sector of Mahindra and Mahindra Limited. The company was formerly known as 'EPC Industries Limited' (incorporated on November 28, 1981) and was renamed Mahindra EPC Irrigation Limited in February 2018.
As an ISO: 9001-2015 certified company, it provides comprehensive Irrigation and Water Management solutions to farmers, focusing on Micro Irrigation, Water Management, Irrigation Automations, Community Irrigation, and Protected Cultivation. Mahindra EPC Irrigation has established itself as a significant contributor to India's agricultural technology sector, championing sustainable precision farming practices aimed at optimizing water usage and enhancing crop yields.
Mahindra EPC Irrigation Limited, an India-based company, is actively engaged in the manufacturing and distribution of micro-irrigation systems. The company's extensive product portfolio encompasses:
- Drip Irrigation Products:
- Online Drip Irrigation Products (e.g., drippers, plain lateral products)
- Inline Drip Irrigation Products (e.g., non-PC cylindrical, PC cylindrical, flat, PC flat, thin wall flat inline products)
- Drip Irrigation Components (e.g., hydrocyclone, sand, screen, and disc filters, header assemblies)
- Sprinkler Irrigation Products:
- Nozzles, QPC sprinkler fittings, and rain guns.
- Piping Solutions:
- HDPE pipes and pipe coils.
- Landscape and Turf Irrigation Products:
- Valves, nozzles, rotors, and spray bodies.
Mahindra EPC Irrigation Limited reported its consolidated financial results for the period ended June 30, 2025.
- Total Income: Rs. 62.17 crores (for the period ended June 30, 2025), compared to Rs. 97.43 crores for the period ended March 31, 2025. This sequential decline is attributed to typical seasonal factors affecting the irrigation industry.
- Year-over-Year Performance: Total income showed significant improvement, reaching Rs. 62.17 crores for the period ended June 30, 2025, against Rs. 45.41 crores for the same period in the previous fiscal year (June 30, 2024). This marks a substantial revenue growth of approximately 37%.
- Profitability: The company posted a net profit of Rs. 0.98 crores for the period ended June 30, 2025. This contrasts with a net profit of Rs. 6.25 crores for the March 31, 2025 quarter. On a year-over-year basis, the company achieved a net profit of Rs. 0.98 crores for June 30, 2025, compared to a net loss of Rs. -2.63 crores for June 30, 2024. This turnaround from loss to profit highlights improved operational efficiency.
- Market Capitalization: ₹435 Crore (as per recent data)
- Annual Revenue: ₹289 Crore
- Annual Profit: ₹10.8 Crore
- Book Value: ₹61.8
- Face Value: ₹10.0
- PE Ratio: 40.2
- ROCE (Return on Capital Employed): 6.85 %
- ROE (Return on Equity): 4.27 %
- Dividend Yield: 0.00 %
- Current Price: ₹156.00
- Recent Trading Range: High ₹165 / Low ₹96.5
- 52-Week High: ₹166.00
- 52-Week Low: ₹100.00
Performance Overview:
- Last 1 Month: +1.81% (on BSE)
- Last 3 Months: +22.13% (on BSE)
- Last 12 Months: -10.41% (on BSE)
- Last 3 Years: +42.75% (on BSE)
- Promoter Holding: 54.2% (as of Mar 2025). This stable promoter holding of 54.21% (unchanged from Jun 2024) reflects consistent management commitment and confidence in the business.
- Recent Corporate Developments:
- Q1 FY2026 results were approved.
- Rajeev Goyal was appointed as an additional non-executive director effective July 19, 2025.
- All resolutions were approved at Mahindra EPC Irrigation's 43rd Annual General Meeting (AGM) held on July 18, 2025, via video conference, including director reappointments and auditor appointments.
Mahindra EPC Irrigation operates within India's expanding micro-irrigation and agricultural technology sector. This sector is significantly bolstered by government initiatives promoting water conservation and the adoption of sustainable farming practices. The company, a pioneer in Micro Irrigation in India since 1986, enables farmers to improve their productivity through sustainable precision farming solutions.
Despite past operational challenges, the company has shown some resilience. While it recorded a sales growth of -0.81% over the past five years and a low return on equity of -0.56% over the last three years, with high debtors of 232 days, the recent quarterly turnaround from loss to profit (YoY) indicates potential for recovery. The company's strong market position in the micro-irrigation segment, coupled with the increasing national focus on water conservation and government support for modern irrigation techniques, positions it well to capitalize on future market opportunities.
