Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Mahindra EPC Irrigation Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 70.96 | 53.25 | 57.74 | 80.29 | 71.17 | 45.31 | 50.02 | 81.45 | 95.89 | 62.04 | 49.58 | 93.47 | 107.00 |
| Expenses + | 67.98 | 53.14 | 57.15 | 76.40 | 70.05 | 47.68 | 52.97 | 71.79 | 86.30 | 59.30 | 48.23 | 83.01 | 99.96 |
| Operating Profit | 2.98 | 0.11 | 0.59 | 3.89 | 1.12 | -2.37 | -2.95 | 9.66 | 9.59 | 2.74 | 1.35 | 10.46 | 7.04 |
| OPM % | 4.20% | 0.21% | 1.02% | 4.84% | 1.57% | -5.23% | -5.90% | 11.86% | 10.00% | 4.42% | 2.72% | 11.19% | 6.58% |
| Other Income + | 1.59 | 0.02 | 0.11 | -0.09 | 2.54 | 0.10 | 0.63 | 0.15 | 1.54 | 0.13 | 0.82 | -0.25 | 1.00 |
| Interest | 0.46 | 0.57 | 0.66 | 0.73 | 0.75 | 0.47 | 0.58 | 0.47 | 0.76 | 0.76 | 0.80 | 0.69 | 0.89 |
| Depreciation | 0.79 | 0.78 | 0.78 | 0.78 | 0.81 | 0.80 | 0.81 | 0.81 | 0.94 | 0.80 | 0.79 | 0.78 | 0.79 |
| Profit before tax | 3.32 | -1.22 | -0.74 | 2.29 | 2.10 | -3.54 | -3.71 | 8.53 | 9.43 | 1.31 | 0.58 | 8.74 | 6.36 |
| Tax % | 17.77% | -33.61% | -8.11% | 27.07% | 29.05% | -25.71% | -25.61% | 25.56% | 33.72% | 25.19% | 25.86% | 25.74% | 24.69% |
| Net Profit + | 2.73 | -0.81 | -0.68 | 1.67 | 1.49 | -2.63 | -2.76 | 6.35 | 6.25 | 0.98 | 0.43 | 6.49 | 4.79 |
| EPS in Rs | 0.98 | -0.29 | -0.24 | 0.60 | 0.53 | -0.94 | -0.99 | 2.27 | 2.24 | 0.35 | 0.15 | 2.32 | 1.71 |
Financials of Mahindra EPC Irrigation Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 169 | 203 | 201 | 205 | 260 | 284 | 254 | 212 | 210 | 262 | 273 | 312 |
| Expenses + | 165 | 192 | 189 | 193 | 240 | 247 | 228 | 217 | 224 | 257 | 259 | 290 |
| Operating Profit | 4 | 11 | 13 | 12 | 20 | 37 | 26 | -5 | -13 | 6 | 14 | 22 |
| OPM % | 2% | 5% | 6% | 6% | 8% | 13% | 10% | -3% | -6% | 2% | 5% | 7% |
| Other Income + | 2 | 2 | 2 | 2 | 1 | 1 | 3 | -1 | 3 | 3 | 2 | 2 |
| Interest | 1 | 0 | 2 | 0 | 1 | 2 | 1 | 2 | 2 | 3 | 2 | 3 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 3 | 10 | 10 | 10 | 17 | 32 | 25 | -11 | -16 | 2 | 11 | 17 |
| Tax % | 33% | 15% | -2% | 52% | 32% | 28% | 24% | -23% | -23% | 31% | 33% | 25% |
| Net Profit + | 2 | 9 | 10 | 5 | 11 | 23 | 19 | -9 | -12 | 2 | 7 | 13 |
| EPS in Rs | 0.65 | 3.16 | 3.58 | 1.78 | 4.12 | 8.38 | 6.89 | -3.09 | -4.39 | 0.60 | 2.58 | 4.54 |
| Dividend Payout % | 0% | 0% | 0% | 28% | 24% | 14% | 17% | 0% | 0% | 0% | 0% | 0% |
Financials of Mahindra EPC Irrigation Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
| Reserves | 87 | 96 | 107 | 112 | 122 | 143 | 159 | 147 | 136 | 137 | 145 | 157 |
| Borrowings + | 1 | 0 | 0 | 4 | 3 | 13 | 0 | 25 | 15 | 16 | 25 | 45 |
| Other Liabilities + | 37 | 46 | 49 | 53 | 68 | 80 | 81 | 79 | 75 | 76 | 94 | 121 |
| Total Liabilities | 152 | 170 | 183 | 196 | 221 | 264 | 268 | 280 | 253 | 257 | 292 | 352 |
| Fixed Assets + | 30 | 27 | 25 | 25 | 24 | 28 | 26 | 23 | 22 | 21 | 20 | 19 |
| CWIP | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 5 | 0 | 2 | 2 | 2 | 1 | 0 | 0 | 0 | 0 |
| Other Assets + | 122 | 143 | 152 | 171 | 195 | 234 | 241 | 256 | 231 | 236 | 271 | 332 |
| Total Assets | 152 | 170 | 183 | 196 | 221 | 264 | 268 | 280 | 253 | 257 | 292 | 352 |
Financials of Mahindra EPC Irrigation Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 19 | -3 | -5 | -15 | 5 | 10 | 11 | -23 | 19 | 2 | -4 | -16 |
| Cash from Investing Activity + | 2 | 6 | -4 | 6 | -3 | -2 | -1 | -1 | -2 | -2 | -2 | -2 |
| Cash from Financing Activity + | -17 | -0 | -1 | 3 | -3 | 3 | -17 | 20 | -12 | -4 | 7 | 17 |
| Net Cash Flow | 4 | 2 | -9 | -6 | -0 | 11 | -7 | -4 | 4 | -4 | 1 | -2 |
| Free Cash Flow | 18 | -3 | -5 | -16 | 3 | 7 | 10 | -24 | 17 | -1 | -6 | -18 |
| CFO/OP | 497% | -12% | -25% | -101% | 51% | 59% | 74% | 383% | -155% | 14% | -18% | -76% |
Financials of Mahindra EPC Irrigation Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 123 | 136 | 165 | 191 | 175 | 165 | 200 | 238 | 197 | 202 | 232 | 254 |
| Inventory Days | 96 | 85 | 104 | 113 | 68 | 97 | 94 | 99 | 116 | 116 | 121 | 96 |
| Days Payable | 81 | 80 | 108 | 125 | 136 | 178 | 176 | 170 | 164 | 161 | 208 | 246 |
| Cash Conversion Cycle | 138 | 142 | 161 | 179 | 107 | 85 | 118 | 167 | 150 | 158 | 145 | 103 |
| Working Capital Days | 113 | 112 | 145 | 166 | 125 | 109 | 158 | 168 | 174 | 168 | 174 | 141 |
| ROCE % | 3% | 9% | 9% | 7% | 12% | 20% | 14% | -4% | -7% | 3% | 7% | 10% |