Mahindra EPC Irrigation Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 13 Jun 2026 | Industrial Manufacturing | Market Cap: ₹301 Cr
The industry is near an inflection point with early signs of a positive environment (Page 7). Management expects revenue to reach INR 350-360 crores in the coming year, showing growth from INR 315 crores in FY26.
From Mahindra EPC Irrigation Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹107
Market Cap
₹301 Cr
P/E Ratio
27.2
Revenue Rank
Margin Rank
How does Mahindra EPC Irrigation Ltd rank in Industrial Manufacturing?
Compare Mahindra EPC Irrigation Ltd against every Industrial Manufacturing company this quarter on revenue, margins and earnings-call signals.
Mahindra EPC Irrigation Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹107 Cr, net profit ₹5 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →The industry is near an inflection point with early signs of a positive environment (Page 7).
- →Predicted industry growth of 6% to 7% in FY26, with Mahindra EPC growing 14.8% in revenue to INR315.8 crores (Page 6-7).
- →Government push for covering 10 million hectares under micro irrigation in 5 years (~2 million hectares per year) supports demand growth (Page 7).
- →Reduction in GST from 12% to 5% expected to positively impact medium to long-term demand (Page 7).
- →Increasing farmer awareness and sustainability focus expected to improve micro irrigation adoption (Page 7).
- →Company targeting growth through a step-up in project sizes and expansion of the non-subsidy business which has grown from 2% to 35% of revenue (Pages 12-16).
- →Pipeline/opening order book for projects around INR55-75 crores with prospects for upside (Pages 15-16).
- →Company aims for INR350-360 crores top-line with possible breakeven or small profit in the near term (Page 17).
📈 Profitability & Margins
Rank 3- →Management expects revenue to reach INR 350-360 crores in the coming year, showing growth from INR 315 crores in FY26.
- →Aiming to at least breakeven or report a nominal profit for the year, improving from a loss of INR 12 crores in FY21-22.
- →Focus on improving margins through a better mix of subsidy and non-subsidy revenue streams, and potential price hikes calibrated to raw material cost increases.
- →Expansion into larger projects (beyond current INR 5-20 crore range) planned to boost revenues and profits.
- →Efforts ongoing to improve cash flows by increasing non-subsidy revenue contributions (currently 35%) and reducing receivables.
- →Cost efficiencies and operational improvements expected to support profit growth.
- →Commitment to delivering numbers that satisfy stakeholders, signaling confidence in steadily improving earnings and profitability.
🏗️ Capital Expenditure Plans
Yes- →Yes, Mahindra EPC Irrigation Limited has planned capex for FY27.
- →Capex plans are reviewed based on business and financial requirements.
- →Focused primarily on improving productivity and expanding capacity for current product lines.
- →Recent investments include equipment that led to immediate electricity savings.
- →New product line development may lead to further investment as they progress.
- →Capex execution emphasizes strong business cases and quick payback on investment.
💰 Fundraising & Capital Structure
No information- →There is no explicit mention of any new fundraising through debt or equity in the provided transcript from Mahindra EPC Irrigation Limited's April 22, 2026 call.
- →The company discussed managing working capital and receivables actively, with no direct reference to seeking fresh debt or equity financing.
- →Capex plans for FY27 are being managed with a focus on productivity and capacity expansion; investments are made with strong business cases and expectations of quick payback.
- →The management emphasized improving cash flow through business mix changes rather than through external fundraising.
- →Borrowings are mentioned in the context of managing cash flow pressures, but no specific plans for new fundraising were detailed.
📋 Order Book & Pipeline
Yes- →Current opening pipeline (order book) for the year is about INR 55 crores.
- →There is a clear upside potential of an additional INR 20 crores expected soon.
- →Total expected order book could be around INR 75 crores by the end of the month.
- →The project business constitutes about a quarter of the total turnover.
- →Last year’s order book disclosed was approximately INR 73 crores.
- →The company's highest ever revenue was INR 315.8 crores for FY26.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Mahindra EPC Irrigation Ltd Q4 FY26 results?
The industry is near an inflection point with early signs of a positive environment (Page 7). Management expects revenue to reach INR 350-360 crores in the coming year, showing growth from INR 315 crores in FY26.
What is Mahindra EPC Irrigation Ltd share price analysis?
Mahindra EPC Irrigation Ltd currently shows a below-average growth signal. The stock trades at a P/E of 27.2 with a market cap of ₹301 Cr. Investors should review the full earnings analysis for detailed insights.
Is Mahindra EPC Irrigation Ltd planning capital expenditure?
Yes, Mahindra EPC Irrigation Limited has planned capex for FY27.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.