Mahindra Irrigation

India Listed
Irrigation systems and agricultural services are provided by Mahindra Irrigation in the agriculture sector.

About Mahindra Irrigation

Mahindra Irrigation is a publicly listed company based in India. Irrigation systems and agricultural services are provided by Mahindra Irrigation in the agriculture sector. It operates in the Industrial Goods & Manufacturing and Agriculture sectors. Its Indian entity Mahindra Epc Irrigation Limited reported revenue of β‚Ή316 Cr. Mahindra Irrigation offers products and services including Drip Irrigation and Sprinkler Irrigation. Its focus areas include Food and Agriculture, Industrial Supplies, Agricultural Equipment and Irrigation Components.

Company details

Mahindra Irrigation is noted for its focus on micro-irrigation solutions, where drip and sprinkler systems are utilized to optimize water usage in agriculture amid limited resources. These offerings are supported by services such as crop advisory and project management, which are designed to enhance yields for a growing population. Leadership roles are filled by experienced individuals like the Chairman and Managing Director, and operations are based in Nashik, India. Knowledge resources on benefits and costs of micro-irrigation are made available to promote sustainable practices.

  • Headquarters India
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
    Agriculture
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Social Facebook YouTube
  • Legal Name Mahindra Epc Irrigation Ltd
  • Date of Incorporation 28 Nov, 1981
  • Jurisdiction Nashik, Maharashtra, India
Key Metrics
  • Market Cap
    ₹271 Cr

    MAHEPC · NSE

  • Share Price
    ₹94.76

    -2.41% 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)
    23.0x

    P/B 1.6x

  • ROE
    7.9%

    ROCE 10.3%

  • Debt / Equity
    0.20

    Interest cover 19.1x

Products & Services of Mahindra Irrigation

Mahindra Irrigation offers a comprehensive portfolio of products and services, including Drip Irrigation and Sprinkler Irrigation.

Drip Irrigation
Agricultural Products

Drip irrigation systems are utilized for precise water delivery in farming to conserve resources.

Sprinkler Irrigation
Agricultural Equipment

Sprinkler irrigation systems are employed for even water distribution across crops to support efficient irrigation practices.

Apps and channels of Mahindra Irrigation

its YouTube channel Mahindra EPC has 214 subscribers and 7 videos.

Mahindra EPC
YouTube 214 subscribers 7 videos Nonprofits & Activism
Open channel

Videos from Mahindra Irrigation

The most watched videos on Mahindra Irrigation's YouTube channel, Mahindra EPC (214 subscribers). Click a video to play it here.

💧 Mahindra EPC Drip Irrigation: How it Works & Why it's Revolutionizing Farming! 🌱
1.6K views
Mahindra EPC Drip Line
990 views
Mahindra EPC Sprinkler in Action
799 views
Marigold Crop with Mahindra EPC Drip
230 views

More on Mahindra EPC.

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

Mahindra Epc Irrigation Limited is the primary company behind Mahindra Irrigation. 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 1 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

IPO & Listings of Mahindra Irrigation

Mahindra Irrigation 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.

  • Listed onNSE: MAHEPC
  • Listed entityMahindra Epc Irrigation Limited
  • Exchange sectorPlastic products

Financials of Mahindra Irrigation

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

Financial Highlights

FY 2025-26 Β· 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 (β‚Ή)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 (β‚Ή)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 (β‚Ή)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 23 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 (β‚Ή)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 (β‚Ή)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 (β‚Ή)4.542.580.60(4.41)(2.84)6.818.29
Dividend per share (β‚Ή)0.000.000.000.000.001.201.20
Book value per share (β‚Ή)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 (β‚Ή)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 (β‚Ή)4.542.580.60(4.39)(3.09)6.898.38
Dividend per share (β‚Ή)0.000.000.000.000.001.201.20
Book value per share (β‚Ή)66.2361.8059.2258.5962.9667.0661.43

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Frequently Asked Questions about Mahindra Irrigation

Mahindra Irrigation is headquartered in India.

The primary company behind Mahindra Irrigation, Mahindra Epc Irrigation Limited, reported revenue of β‚Ή316 Cr for FY 2026, up 14% year on year.

Mahindra Irrigation is noted for its focus on micro-irrigation solutions, where drip and sprinkler systems are utilized to optimize water usage in agriculture amid limited resources. These offerings are supported by services such as crop advisory and project management, which are designed to enhance yields for a growing population. Leadership roles are filled by experienced individuals like the Chairman and Managing Director, and operations are based in Nashik, India. Knowledge resources on benefits and costs of micro-irrigation are made available to promote sustainable practices.

Mahindra Irrigation offers Drip Irrigation and Sprinkler Irrigation.

Yes, Mahindra Irrigation is publicly traded on NSE under the ticker symbol MAHEPC.

Mahindra Irrigation operates through Mahindra Epc Irrigation Limited.

The legal entities of Mahindra Irrigation currently have 9 directors, including Rajeev Goyal, Viswanathan Kapilanandan, Ami Goda and others.

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