EPC Industries

Nashik, India Founded: 1986 • Age: 40 yrs Listed
Micro-irrigation systems and agricultural solutions are manufactured.

About EPC Industries

EPC Industries is a publicly listed company based in Nashik (India) founded in 1986. Micro-irrigation systems and agricultural solutions are manufactured. Its chief executive, as recorded, is Ashok Sharma. Its Indian entity Mahindra Epc Irrigation Limited reported revenue of ₹316 Cr.

Company details

EPC Industries is a Mahindra Group company which provides total solution for agriculture with a focus on micro-irrigation amp; inter-related requirements of fertigation amp; agronomic support. Its product range includes drip irrigation system, sprinkler irrigation system, landscape and turf irrigation, pumps and pipes.nbsp;EPC has dealers network of more than 500 dealers amp; supported by 11 offices at strategic locations. EPC has also launched first of its kind one stop shop for agri products amp; solutions (Agri Showroom) in Buldhana district of Maharashtra, wherein farmers can find all agri input products amp; services under a single roof.

Key Metrics
  • Market Cap
    ₹274 Cr

    MAHEPC · NSE

  • Share Price
    ₹95.79

    -2.13% today

  • Revenue
    ₹312 Cr

    FY 2025-26 · +14.5% YoY

  • EBITDA
    ₹19.59 Cr

    Margin 6.3%

  • Net Profit
    ₹14.18 Cr

    FY 2025-26 · +96.7% YoY

  • P/E (TTM)
    21.2x

    P/B 1.5x

  • ROE
    7.9%

    ROCE 10.3%

  • Debt / Equity
    0.20

    Interest cover 19.1x

Board of directors of Mahindra Epc Irrigation Limited (EPC Industries)

Mahindra Epc Irrigation Limited is the primary company behind EPC Industries. The board of Mahindra Epc Irrigation Limited currently have 6 directors; the longest-serving is Ramesh Ramachandran, appointed in 2023. 18 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Ramesh Ramachandran
DIN 09562621
Managing Director01 Sep 20233 yrs 2 moMahindra Epc Irrigation Limited
Viswanathan Kapilanandan
DIN 00021159
Director04 Jun 20242 yrs 4 moMahindra Epc Irrigation Limited
Ami Goda
DIN 09136149
Director04 Jun 20242 yrs 4 moMahindra Epc Irrigation Limited
Rajeev Goyal
DIN 03139184
Director19 Jul 20251 yr 3 moMahindra Epc Irrigation Limited
Balram Singh Yadav
DIN 00294803
Director21 Apr 20266 moMahindra Epc Irrigation Limited
Purvi Mehta Bhatt
DIN 01596457
Director21 Apr 20266 moMahindra Epc Irrigation Limited

People of EPC Industries

1 people are tracked at EPC Industries (1 in leadership).

NameRoleGroup
Ashok Sharma
CEOLeadership
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IPO & Listings of EPC Industries

EPC Industries is a publicly listed company on the NSE with ticker symbol MAHEPC in India, operating in the Plastic products sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date06 Aug 1993
  • Listed onBSE: 523754
  • Listed entityMahindra Epc Irrigation Limited
  • Exchange sectorPlastic products

Financials of EPC Industries

Exchange-reported figures of Mahindra Epc Irrigation Limited, the listed company behind EPC Industries (NSE: MAHEPC).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹312 Cr
+14.5% YoY
EBITDA
₹19.59 Cr
+40.6% YoY
Profit After Tax
₹14.18 Cr
+96.7% YoY
Net Worth
₹185 Cr
+7.2% YoY
Total Assets
₹231 Cr
+16.4% YoY
Total Debt
₹45.31 Cr
+78.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue312273262210212254284
Revenue growth+14.5%+3.9%+24.8%-0.7%-16.6%-10.5%-
EBITDA19.5913.935.23(13.49)(5.84)25.7336.60
EBITDA margin+6.3%+5.1%+2.0%-6.4%-2.8%+10.1%+12.9%
Profit before tax16.9910.712.43(16.03)(10.52)25.0832.15
Net profit14.187.211.67(12.31)(7.96)18.9623.02
Net profit margin+4.5%+2.6%+0.6%-5.9%-3.8%+7.5%+8.1%
EPS (₹)4.542.580.60(4.41)(2.84)6.818.29
Balance sheet
Total assets231199182179201187184
Net worth185173165163175186170
Total debt45.3125.4015.9015.1525.190.0313.11
Cash & bank1.603.792.287.032.146.1512.84
Net working capital168159138122125116111
Cash flow
Cash from operations(16.28)(4.39)1.5819.03(23.13)11.019.64
Cash from investing(2.09)(1.53)(1.67)(2.40)(0.96)(1.06)(2.10)
Cash from financing16.717.41(4.13)(12.25)19.71(16.64)3.17
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue72.6554.1610793.4749.5862.0495.8981.45
Revenue growth (YoY)+46.5%-12.7%+11.6%+14.8%-0.9%+36.9%--
Other income0.300.301.001.750.820.131.540.15
EBITDA4.63(1.36)7.048.461.352.749.599.66
EBITDA margin+6.4%-2.5%+6.6%+9.1%+2.7%+4.4%+10.0%+11.9%
Depreciation0.750.720.790.780.790.800.940.81
Interest1.221.070.890.690.800.760.760.47
Profit before tax2.96(2.85)6.368.740.581.319.438.53
Tax0.73(0.71)1.572.250.150.333.182.18
Net profit2.23(2.14)4.796.490.430.986.256.35
EPS (₹)0.80(0.77)1.712.320.150.352.242.27
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue312273262210212254284
Revenue growth+14.5%+3.9%+24.8%-0.7%-16.6%-10.5%-
EBITDA19.5913.935.23(13.42)(6.54)25.9636.85
EBITDA margin+6.3%+5.1%+2.0%-6.4%-3.1%+10.2%+13.0%
Profit before tax16.9910.712.43(15.96)(11.22)25.3132.40
Net profit14.187.212.01(12.03)(7.54)19.1923.27
Net profit margin+4.5%+2.6%+0.8%-5.7%-3.6%+7.6%+8.2%
EPS (₹)4.542.580.60(4.39)(3.09)6.898.38
Balance sheet
Total assets231199182179201187184
Net worth185173165163175187171
Total debt45.3125.4015.9015.1525.190.0313.11
Cash & bank1.603.792.287.032.146.1512.84
Net working capital168159138122125116111
Cash flow
Cash from operations(16.28)(4.39)1.5819.03(23.13)11.019.64
Cash from investing(2.09)(1.53)(1.67)(2.40)(0.96)(1.06)(2.10)
Cash from financing16.717.41(4.13)(12.25)19.71(16.64)3.17
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue72.6554.1610793.4749.5862.0495.8981.45
Revenue growth (YoY)+46.5%-12.7%+11.6%+14.8%-0.9%+36.9%--
Other income0.300.301.001.750.820.131.540.15
Total expenses68.0255.5299.9685.0148.2359.3086.3071.79
EBITDA4.63(1.36)7.048.461.352.749.599.66
EBITDA margin+6.4%-2.5%+6.6%+9.1%+2.7%+4.4%+10.0%+11.9%
Depreciation0.750.720.790.780.790.800.940.81
Interest1.221.070.890.690.800.760.760.47
Profit before tax2.96(2.85)6.368.740.581.319.438.53
Tax0.73(0.71)1.572.250.150.333.182.18

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue72.6554.1610793.4749.5862.0495.8981.45
Revenue growth (YoY)+46.5%-12.7%+11.6%+14.8%-0.9%+36.9%--
Other income0.300.301.001.750.820.131.540.15
EBITDA4.63(1.36)7.048.461.352.749.599.66
EBITDA margin+6.4%-2.5%+6.6%+9.1%+2.7%+4.4%+10.0%+11.9%
Depreciation0.750.720.790.780.790.800.940.81
Interest1.221.070.890.690.800.760.760.47
Profit before tax2.96(2.85)6.368.740.581.319.438.53
Tax0.73(0.71)1.572.250.150.333.182.18
Net profit2.23(2.14)4.796.490.430.986.256.35
EPS (₹)0.80(0.77)1.712.320.150.352.242.27
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue312273262210212254284
Revenue growth+14.5%+3.9%+24.8%-0.7%-16.6%-10.5%-
Other income3.702.423.062.760.463.091.33
Total expenses292259257224218228247
Employee cost34.6631.8131.3929.1730.1327.5026.49
EBITDA19.5913.935.23(13.49)(5.84)25.7336.60
EBITDA margin+6.3%+5.1%+2.0%-6.4%-2.8%+10.1%+12.9%
Depreciation3.163.363.153.083.163.093.80
Interest3.142.282.712.221.980.651.98
Profit before tax16.9910.712.43(16.03)(10.52)25.0832.15
Tax4.303.500.76(3.72)(2.61)6.119.12
Net profit14.187.211.67(12.31)(7.96)18.9623.02
Net profit margin+4.5%+2.6%+0.6%-5.9%-3.8%+7.5%+8.1%
EPS (₹)4.542.580.60(4.41)(2.84)6.818.29
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital27.9427.9327.9127.8927.8427.8427.78
Reserves & surplus157145137136148158142
Shareholders' funds (net worth)185173165163175186170
Minority interest0.000.000.000.000.000.000.00
Secured loans25.185.0015.4215.0025.190.0013.00
Unsecured loans20.1320.400.480.150.000.030.11
Total debt45.3125.4015.9015.1525.190.0313.11
Total liabilities231199182179201187184
Assets
Gross block79.4883.0781.0078.4277.2677.2676.26
Net block18.8420.4921.4321.6722.9625.6127.58
Capital work in progress0.350.240.090.100.210.300.10
Investments0.000.000.000.480.761.171.40
Inventories36.7341.7044.4640.2236.0534.2935.88
Sundry debtors217173145114138140129
Cash & bank balances1.603.792.287.032.146.1512.84
Loans & advances32.7533.0221.7535.4127.2117.4913.07
Total current assets288252214196203198190
Total current liabilities12092.8075.4374.2078.5181.0979.78
Net working capital168159138122125116111
Total assets231199182179201187184
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.690.204.420.044.4211.110.41
Net cash from operating activities(16.28)(4.39)1.5819.03(23.13)11.019.64
Net cash from investing activities(2.09)(1.53)(1.67)(2.40)(0.96)(1.06)(2.10)
Net cash from financing activities16.717.41(4.13)(12.25)19.71(16.64)3.17
Net change in cash(1.66)1.49(4.22)4.38(4.38)(6.69)10.70
Closing cash1.603.792.287.032.146.1512.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+14.5%+3.9%+24.8%-0.7%-16.6%-10.5%-
EBITDA growth+40.6%+166.4%+138.8%-131.0%-122.7%-29.7%-
PBT growth+58.6%+340.7%+9998.0%-52.4%--22.0%+91.5%
Net income growth+96.7%+331.7%+113.6%-54.7%-142.0%-17.6%-
Revenue CAGR (3Y)+14.1%+8.8%+1.1%-9.5%-6.6%--
EBITDA CAGR (3Y)---41.2%----
Profitability & leverage
Net income margin+4.1%+2.6%+0.6%-5.9%-3.7%+7.5%+8.1%
Return on capital employed+10.3%+6.8%+2.9%-7.3%-4.4%+13.9%+20.2%
Return on net worth+7.9%+4.3%+1.0%-7.3%-4.4%+10.6%+14.4%
Debt / equity0.200.120.090.120.070.040.05
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover19.1121.57130.29-13.40-22.002.876.04
Efficiency & per share
Fixed asset turnover3.843.323.292.702.743.313.89
Inventory turnover7.966.336.205.526.037.259.16
Debtors turnover1.601.712.031.671.531.902.24
EPS (₹)4.542.580.60(4.41)(2.84)6.818.29
Dividend per share (₹)0.000.000.000.000.001.201.20
Book value per share (₹)66.2361.8059.2258.5963.0066.8461.28
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue72.6554.1610793.4749.5862.0495.8981.45
Revenue growth (YoY)+46.5%-12.7%+11.6%+14.8%-0.9%+36.9%--
Other income0.300.301.001.750.820.131.540.15
Total expenses68.0255.5299.9685.0148.2359.3086.3071.79
EBITDA4.63(1.36)7.048.461.352.749.599.66
EBITDA margin+6.4%-2.5%+6.6%+9.1%+2.7%+4.4%+10.0%+11.9%
Depreciation0.750.720.790.780.790.800.940.81
Interest1.221.070.890.690.800.760.760.47
Profit before tax2.96(2.85)6.368.740.581.319.438.53
Tax0.73(0.71)1.572.250.150.333.182.18
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue312273262210212254284
Revenue growth+14.5%+3.9%+24.8%-0.7%-16.6%-10.5%-
Other income3.702.423.062.760.463.091.33
Total expenses292259257224218228247
Employee cost34.6631.8131.3929.1730.1327.5026.49
EBITDA19.5913.935.23(13.42)(6.54)25.9636.85
EBITDA margin+6.3%+5.1%+2.0%-6.4%-3.1%+10.2%+13.0%
Depreciation3.163.363.153.083.163.093.80
Interest3.142.282.712.221.980.651.98
Profit before tax16.9910.712.43(15.96)(11.22)25.3132.40
Tax4.303.500.76(3.72)(2.61)6.119.12
Net profit14.187.212.01(12.03)(7.54)19.1923.27
Net profit margin+4.5%+2.6%+0.8%-5.7%-3.6%+7.6%+8.2%
EPS (₹)4.542.580.60(4.39)(3.09)6.898.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital27.9427.9327.9127.8927.8427.8427.78
Reserves & surplus157145137136147159143
Shareholders' funds (net worth)185173165163175187171
Secured loans25.185.0015.4215.0025.190.0013.00
Unsecured loans20.1320.400.480.150.000.030.11
Total debt45.3125.4015.9015.1525.190.0313.11
Total liabilities231199182179201187184
Assets
Gross block79.4883.0781.0078.4277.2577.2676.26
Net block18.8420.4921.4321.6722.9525.6127.58
Capital work in progress0.350.240.090.100.210.300.10
Investments0.000.000.000.480.691.801.80
Inventories36.7341.7044.4640.2236.0534.2935.88
Sundry debtors217173145114138140129
Cash & bank balances1.603.792.287.032.146.1512.84
Loans & advances32.7533.0221.7535.4127.2017.4913.07
Total current assets288252214196203198190
Total current liabilities12092.8075.4374.2078.5181.0979.78
Net working capital168159138122125116111
Total assets231199182179201187184
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.690.204.420.044.4211.110.41
Net cash from operating activities(16.28)(4.39)1.5819.03(23.13)11.019.64
Net cash from investing activities(2.09)(1.53)(1.67)(2.40)(0.96)(1.06)(2.10)
Net cash from financing activities16.717.41(4.13)(12.25)19.71(16.64)3.17
Net change in cash(1.66)1.49(4.22)4.38(4.38)(6.69)10.70
Closing cash1.603.792.287.032.146.1512.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+14.5%+3.9%+24.8%-0.7%-16.6%-10.5%-
EBITDA growth+40.6%+166.4%+139.0%-105.2%-125.2%-29.6%-
PBT growth+58.6%+340.7%+9998.0%-42.3%--21.9%+91.3%
Net income growth+96.7%+258.7%+116.7%-59.6%-139.3%-17.5%-
Revenue CAGR (3Y)+14.1%+8.8%+1.1%-9.5%-6.6%+7.5%+12.1%
EBITDA CAGR (3Y)---41.4%--+28.4%+42.7%
Profitability & leverage
Net income margin+4.1%+2.6%+0.6%-5.8%-4.1%+7.6%+8.2%
Return on capital employed+10.3%+6.8%+3.1%-7.2%-4.8%+14.0%+20.3%
Return on net worth+7.9%+4.3%+1.2%-7.2%-4.8%+10.7%+14.5%
Debt / equity0.200.120.090.120.070.040.05
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover19.1121.57130.29-13.45-20.412.845.99
Efficiency & per share
Fixed asset turnover3.843.323.292.702.743.313.89
Inventory turnover7.966.336.205.526.037.259.16
Debtors turnover1.601.712.031.671.531.902.24
EPS (₹)4.542.580.60(4.39)(3.09)6.898.38
Dividend per share (₹)0.000.000.000.000.001.201.20
Book value per share (₹)66.2361.8059.2258.5962.9667.0661.43
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Frequently Asked Questions about EPC Industries

EPC Industries was founded in 1986.

EPC Industries is headquartered in Nashik, India. It is registered at Nashik, Maharashtra, India.

Ashok Sharma is the CEO of EPC Industries, as recorded in our data.

The primary company behind EPC Industries, Mahindra Epc Irrigation Limited, reported revenue of ₹316 Cr for FY 2026, up 14% year on year.

EPC Industries is a Mahindra Group company which provides total solution for agriculture with a focus on micro-irrigation amp; inter-related requirements of fertigation amp; agronomic support. Its product range includes drip irrigation system, sprinkler irrigation system, landscape and turf irrigation, pumps and pipes.nbsp;EPC has dealers network of more than 500 dealers amp; supported by 11 offices at strategic locations. EPC has also launched first of its kind one stop shop for agri products amp; solutions (Agri Showroom) in Buldhana district of Maharashtra, wherein farmers can find all agri input products amp; services under a single roof.

Yes, EPC Industries is publicly traded on NSE under the ticker symbol MAHEPC.

EPC Industries operates through Mahindra Epc Irrigation Limited.

The legal entities of EPC Industries currently have 9 directors, including Abhijit Arun Page, Rajeev Goyal, Giriraj Mohta and others.

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