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Mahindra EPC Irrigat

₹110.3 -2.3 | 2.1%

Market Cap ₹308 Cr.

Stock P/E 184.4

P/B 1.9

Current Price ₹110.3

Book Value ₹ 57.3

Face Value 10

52W High ₹178.3

Dividend Yield 0%

52W Low ₹ 107.1

Mahindra EPC Irrigat Research see more...

Overview Inc. Year: 1981Industry: Engineering - Industrial Equipments

Mahindra EPC Irrigation Ltd, previously EPC Industrie Ltd, affords micro irrigation structures, which includes drip and sprinklers, agricultural pumps, greenhouses and land scape products. The Company offers solutions for agriculture with a focus on micro-irrigation, pumps and inter-associated requirements of fertigation and agronomic help. Its products encompass drip irrigation system, which includes online drip irrigation, inline drip irrigation and drip irrigation components; sprinkler irrigation device, consisting of rain gun and nozzle; pumps, together with bore well, monoblock and open well submersible pumps; pipes, including high-density polyethylene pipe coils and pipes, and landscape and turf irrigation, along with valves, nozzles, rotors and spay our bodies for industrial landscaping, residential landscaping and play grounds. Its offerings consist of argonomy aid services and agri helpline for crop and farm advisory offerings.

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Mahindra EPC Irrigat Share Price

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Mahindra EPC Irrigat Quarterly Results

#(Fig in Cr.) Mar 2016 Sep 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018
Net Sales 57 45 56 60 15 54 76 52 56 77
Other Income 1 0 1 1 0 0 0 0 0 0
Total Income 58 46 56 60 15 54 77 53 56 77
Total Expenditure 52 46 51 55 21 49 68 49 54 71
Operating Profit 6 -0 6 5 -6 5 9 3 2 7
Interest 0 1 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 -2 5 5 -7 4 8 2 1 6
Provision for Tax 1 -1 1 2 -2 2 4 1 0 2
Profit After Tax 4 -1 3 3 -5 3 4 1 1 4
Adjustments -4 1 -3 -3 5 -3 -4 -1 -0 0
Profit After Adjustments 0 0 0 0 0 0 0 0 1 4
Adjusted Earnings Per Share 1.4 -0.4 1.2 1 -1.8 0.9 1.6 0.5 0.2 1.4

Mahindra EPC Irrigat Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 175 169 203 201 205 260 284 254 212 210 262 261
Other Income 3 3 2 2 2 1 1 3 0 3 3 0
Total Income 177 172 205 203 206 261 285 257 212 213 266 263
Total Expenditure 164 165 192 188 192 240 247 228 217 224 257 242
Operating Profit 13 7 13 14 14 21 38 29 -5 -10 9 21
Interest 2 1 0 2 1 1 2 1 2 2 3 0
Depreciation 3 3 3 3 3 3 4 3 3 3 3 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -1 -0 -0 0
Profit Before Tax 8 3 10 10 10 17 32 25 -11 -16 2 17
Provision for Tax 0 1 2 -0 5 5 9 6 -3 -4 1 7
Profit After Tax 8 2 9 10 5 11 23 19 -9 -12 2 10
Adjustments 0 0 0 0 0 0 0 0 0 0 0 -5
Profit After Adjustments 8 2 9 10 5 11 23 19 -9 -12 2 5
Adjusted Earnings Per Share 2.8 0.6 3.2 3.6 1.8 4.1 8.4 6.9 -3.1 -4.4 0.6 3.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 25% 1% 0% 4%
Operating Profit CAGR 0% -32% -16% -4%
PAT CAGR 0% -53% -29% -13%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -7% -3% 3% -3%
ROE Average 1% -4% 3% 5%
ROCE Average 3% -3% 5% 7%

Mahindra EPC Irrigat Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 113 114 124 134 140 150 171 187 175 163 165
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 3 4 -3 -3 -1 -3 -5 -5 -8 -12 -10
Total Current Liabilities 48 36 45 48 55 70 93 81 104 89 91
Total Liabilities 164 155 166 179 194 218 259 262 271 241 246
Fixed Assets 32 30 27 25 25 24 28 26 23 22 21
Other Non-Current Assets 8 9 9 9 16 31 41 39 45 23 11
Total Current Assets 124 115 131 144 153 163 190 198 203 196 214
Total Assets 164 155 166 179 194 218 259 262 271 241 246

Mahindra EPC Irrigat Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 9 10 14 16 7 1 0 11 4 0 4
Cash Flow from Operating Activities -14 19 -3 -5 -15 5 10 11 -23 19 2
Cash Flow from Investing Activities 15 2 6 -4 6 -3 -2 -1 -1 -2 -2
Cash Flow from Financing Activities 1 -17 -0 -1 3 -3 3 -17 20 -12 -4
Net Cash Inflow / Outflow 1 4 2 -9 -6 -0 11 -7 -4 4 -4
Closing Cash & Cash Equivalent 10 14 16 7 1 0 11 4 0 4 0

Mahindra EPC Irrigat Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 2.79 0.65 3.16 3.58 1.78 4.12 8.38 6.89 -3.09 -4.39 0.6
CEPS(Rs) 3.8 1.64 4.12 4.68 2.92 5.23 9.75 8.01 -1.96 -3.28 1.73
DPS(Rs) 0 0 0 0 0.5 1 1.2 1.2 0 0 0
Book NAV/Share(Rs) 39.85 40.26 44.59 48.23 50.16 53.79 61.09 66.84 62.52 58.35 59.06
Core EBITDA Margin(%) 5.89 2.39 5.49 6.29 5.99 7.82 12.98 10.21 -2.52 -6.14 2.13
EBIT Margin(%) 5.76 2.29 5.29 5.56 5.31 7.05 12.11 10.21 -4.29 -6.38 1.92
Pre Tax Margin(%) 4.41 1.58 5.06 4.8 5.06 6.51 11.41 9.95 -5.21 -7.41 0.91
PAT Margin (%) 4.41 1.06 4.31 4.92 2.41 4.4 8.2 7.55 -4 -5.69 0.62
Cash Profit Margin (%) 6.01 2.68 5.62 6.43 3.94 5.58 9.54 8.77 -2.53 -4.25 1.8
ROA(%) 4.98 1.13 5.45 5.73 2.65 5.56 9.78 7.37 -3.23 -4.78 0.69
ROE(%) 7.25 1.62 7.45 7.71 3.63 7.94 14.6 10.79 -4.78 -7.27 1.02
ROCE(%) 8.29 3.24 9.07 8.66 7.81 12.34 20.39 14.02 -4.77 -7.25 2.86
Receivable days 105.32 124.47 119.29 151.16 176.76 162.7 162.88 192.6 235.49 213.48 176.32
Inventory Days 62.53 69.27 50.45 54.65 59.88 42.68 39.86 50.37 59.65 64.65 57.63
Payable days 58.41 74.61 76.19 95.57 117.95 117.75 160.39 177.99 172.63 171.43 154.65
PER(x) 36.8 249.04 38.27 40.33 72.32 27.57 8.85 20.76 0 0 199.45
Price/Book(x) 2.58 4.02 2.71 2.99 2.57 2.11 1.21 2.14 1.45 1.48 2.02
Dividend Yield(%) 0 0 0 0 0.39 0.88 1.62 0.84 0 0 0
EV/Net Sales(x) 1.58 2.49 1.54 1.93 1.74 1.21 0.73 1.54 1.3 1.18 1.32
EV/Core EBITDA(x) 21.45 63.67 23.28 27.21 25.44 14.76 5.4 13.5 -55.3 -23.79 39.48
Net Sales Growth(%) 8.25 -3.17 19.88 -0.89 1.81 27.09 9.17 -10.47 -16.63 -0.74 24.76
EBIT Growth(%) 28.92 -61.54 177.14 4.49 -3.06 68.73 87.53 -24.49 -135.59 -48.7 137.41
PAT Growth(%) 44.32 -76.72 387.22 13.26 -50.14 131.72 103.48 -17.57 -144.86 -42.16 113.64
EPS Growth(%) 44.28 -76.72 386.94 13.21 -50.21 131.42 103.22 -17.74 -144.86 -41.91 113.64
Debt/Equity(x) 0.15 0.01 0 0 0.03 0.02 0.08 0 0.14 0.09 0.09
Current Ratio(x) 2.61 3.23 2.91 3.01 2.77 2.31 2.05 2.44 1.96 2.2 2.35
Quick Ratio(x) 1.85 2.44 2.29 2.33 2.14 1.94 1.66 2.01 1.61 1.75 1.86
Interest Cover(x) 4.28 3.24 23.34 7.33 21.68 13.17 17.37 39.71 -4.67 -6.19 1.9
Total Debt/Mcap(x) 0.06 0 0 0 0.01 0.01 0.06 0 0.1 0.06 0.05

Mahindra EPC Irrigat Shareholding Pattern

# Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Promoter 54.31 54.31 54.31 54.31 54.26 54.26 54.26 54.26 54.21 54.21
FII 0 0.11 0.01 0.01 0.13 0.19 0.05 0.11 0.6 0.2
DII 0 0 0 0 0 0 0 0 0 0
Public 45.69 45.59 45.69 45.68 45.62 45.55 45.7 45.64 45.19 45.58
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 171.43 to 154.65days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -4% over the last 3 years.
  • The company has delivered a poor profit growth of -28% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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