MAHEPC share price, P/E, ROE & financials

On 6 Nov 2026, Mahindra EPC Irrigation was priced at ₹98.58, or 24.3× trailing earnings, against an industry P/E of 20.4×, and the shares are 30% below their 52-week high. It earns ROCE of 11% and ROE of 6.3%, and sales grew 14% a year over 3 years. Debt is 0.24× equity. It is a small-cap company with a market cap of ₹276 Cr, ranked 17th of 24 Farm & Heavy Construction Machinery companies by market cap; the shares fell 30% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹97.86
Day high: ₹100.10
Day low: ₹97.86
Prev. close: ₹98.47
Volume: 19.5K

Health check

1 good · 2 fair · 3 to check

ReturnsIn line
−29.6% over a year, better than 3 of 7 peers.
Price tagPricier
P/E 24.3 vs industry 20.4.
GrowthSteady
Sales +14.1% a year over 3 years.
ProfitabilityWeak
ROCE 10.8% vs peer median 19.4%.
Balance sheetSolid
Debt 0.24× equity, interest covered 6.9×.
Red flags1 to check
Return on equity is low at 6.3%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Farm & Heavy Construction Machinery

23 listed peers. Screen the industry

Small cap

₹276 Cr, #17 of 24 in its industry by size.

Defensive

Beta 0.41 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹327 Cr · profit ₹11 Cr

Market cap: ₹276 Cr; Small cap
P/E: 24.3; Industry 20.4
Price to book: 1.49; Peers 6.87
Dividend yield: 0.00%
ROE: 6.3%; Peers 17.7%
ROCE: 10.8%; Peers 19.4%
Debt to equity: 0.24; Debt ₹44 Cr
EPS (TTM): ₹4.06; Face value ₹10
OPM (TTM): 6.3%; Net margin 3.5%
Sales growth: +46.5%; Latest quarter vs a year ago
Profit growth: +433.3%; Latest quarter vs a year ago
Price to sales: 0.84; EV/EBITDA 15.3

Strengths

Quarterly profit up 433.3% on a year ago.
Quarterly sales up 46.5% on a year ago.

Risks to check

Return on equity is low at 6.3%.

Derived automatically from reported figures. Not a recommendation.

About Mahindra EPC Irrigation

Mahindra EPC Irrigation Limited manufactures, sells, and markets micro irrigation systems in India and Uganda. The company's drip irrigation products include online drip irrigation products, such as drippers and plain irrigation lateral products; and inline drip irrigation products comprising non-pressure compensating (PC) flat, non-PC round, PC flat, and LITE products. It also offers drip irrigation components consisting of plastic and metallic…

Headquarters: Nashik
Employees: 327
Sector: Industrials
ISIN: INE215D01010
Website: mahindrairrigation.com

Price range

52 weeks

₹91.91₹139.88

Today

₹97.86₹100.10

Avg volume (3M): 31.8K
1-year return: minus 29.6%
From 52-week high: minus 29.5%

Peers · Farm & Heavy Construction Machinery

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ASHOKLEYAshok Leyland	172.09	plus 1.10%	1,01,083	29.1	12.2	14.5%	21.5%	3.45	10.6%	plus 21.2%
ESCORTSEscorts Kubota	2,443.40	minus 0.67%	26,888	20.4	13.5	14.4%	11.5%	0.01	11.3%	minus 35.6%
ACEAction Construction Equipment	1,167.70	plus 3.55%	13,900	31.8	25.5	28.5%	15.6%	0.00	15.0%	plus 2.8%
OLECTRAOlectra Greentech	1,026.35	minus 2.21%	8,424	47.5	26.6	19.4%	13.8%	0.31	28.4%	minus 30.9%
AJAXENGGAjax Engineering	556.65	minus 1.24%	6,369	28.1	20.0	21.4%	12.5%	0.00	22.2%	minus 5.8%
SWARAJENGSwaraj Engines	3,495.30	minus 1.97%	4,247	20.0	15.2	52.8%	12.6%	0.01	12.2%	minus 9.6%
VSTTILLERSV.S.T Tillers Tractors	3,941.70	minus 2.48%	3,411	31.4	16.5	12.4%	13.3%	0.00	7.2%	minus 33.8%
MAHEPCMahindra EPC Irrigation	98.58	plus 0.11%	276	24.3	–	–	6.3%	0.24	–	minus 29.6%
Median of 7 peers	–	−1.24%	8,424	29.1	16.5	19.4%	13.3%	0.01	12.2%	−9.6%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
62	93.5	107	54.2	72.7
59.3	83	100	55.5	68
2.7	10.5	7	−1.4	4.6
4.4%	11.2%	6.6%	−2.5%	6.4%
0.1	1.8	1	0.3	0.3
0.8	0.7	0.9	1.1	1.2
0.8	0.8	0.8	0.7	0.8
–	−2	–	–	–
1.3	8.7	6.4	−2.9	3
25.2%	25.7%	24.7%	24.9%	24.7%
1	6.5	4.8	−2.1	2.2
0.35	2.32	1.71	-0.77	0.80

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +14.1%
ROE: 6.3%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
210	262	272	312
–	+24.9%	+3.8%	+14.5%
223	256	258	290
−13.1	6.1	14	21.6
−6.2%	2.3%	5.1%	6.9%
2.4	2.3	2.3	3.7
2.2	2.7	2.3	3.1
3.1	3.2	3.4	3.2
−0.1	–	–	−2
−16	2.4	10.7	17
23.2%	31.3%	32.7%	25.3%
−12.3	1.7	7.2	12.7
–	–	+331.7%	+76.0%
-4.41	0.60	2.58	4.54

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
27.9	27.9	27.9	27.9
136	137	145	157
15.2	15.9	25.4	45.3
74.6	75.9	93.5	121
253	257	292	352
21.9	21.7	20.7	19.2
0.4	0.5	0.2	0.4
–	–	1.5	2.1
5	0.2	1.7	0
226	235	267	330
253	257	292	352

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
19	1.6	−4.4	−16.3
−2.4	−1.7	−1.5	−2.1
−12.3	−4.1	7.4	16.7
4.4	−4.2	1.5	−1.7
−2.2	−2.5	−2	−2.2
16.9	−0.9	−6.4	−18.5

Shareholding pattern

Source: NSE filings

54.2%

promoters

Promoters54.18%
Public45.82%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	54.18%	45.82%	0.00
30 Jun 2026	54.18%	45.82%	minus 0.02
31 Mar 2026	54.20%	45.80%	0.00
31 Dec 2025	54.20%	45.80%	0.00
30 Sep 2025	54.20%	45.80%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you