| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 72.7 | 49.6 | +46.5% |
| EBITDA | 4.6 | 1.4 | +243.0% |
| EBITDA margin | 6.4% | 2.7% | +3.7 pts |
| Profit before tax | 3.0 | 0.6 | +410.3% |
| Net profit | 2.2 | 0.4 | +418.6% |
| EPS | ₹0.80 | ₹0.15 | +433.3% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 265 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 0.5 | 0.0 | 1.7 | 0.2 | 4.4 | ||
| 45.2 | 45.2 | 25.2 | 15.4 | 15.0 | ||
| 310 | — | — | — | — | ||
| 327 | 312 | 273 | 262 | 210 | ||
| — | +14.5% | +3.9% | +24.8% | — | ||
| 20.8 | 21.6 | 13.9 | 5.7 | −13.2 | ||
| 6.3% | 6.9% | 5.1% | 2.2% | −6.3% | ||
| 17.7 | 18.4 | 10.6 | 2.6 | −16.3 | ||
| 11.4 | 12.7 | 7.2 | 1.7 | −12.3 | ||
| 3.5% | 4.1% | 2.6% | 0.6% | −5.9% | ||
| ₹4.07 | ₹4.54 | ₹2.58 | ₹0.60 | −₹4.41 | ||
| — | +76.0% | +331.7% | +113.6% | — | ||
| — | −19.4 | −4.4 | 1.6 | 19.0 | ||
| — | −2.2 | −2.0 | −0.1 | −2.2 | ||
| −21.6 | −21.6 | −6.4 | 1.5 | 16.9 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 265.4 | |
| - Cash, Equiv & ST Investments | 4.4 | 0.2 | 1.7 | 0.0 | 0.5 | |
| + Total Debt | 15.0 | 15.4 | 25.2 | 45.2 | 45.2 | |
| Enterprise Value | — | — | — | — | 310.1 | |
| Revenue | 210.4 | 262.5 | 272.7 | 312.1 | 327.3 | |
| Growth %, YoY | — | +24.8 | +3.9 | +14.5 | — | |
| EBITDA | -13.2 | 5.7 | 13.9 | 21.6 | 20.8 | |
| Margin % | -6.28 | 2.18 | 5.11 | 6.92 | 6.35 | |
| EBIT | -16.3 | 2.6 | 10.6 | 18.4 | 17.7 | |
| Net Income | -12.3 | 1.7 | 7.2 | 12.7 | 11.4 | |
| Margin % | -5.85 | 0.64 | 2.64 | 4.07 | 3.47 | |
| EPS, Adj (current shares) | -4.41 | 0.60 | 2.58 | 4.54 | 4.07 | |
| Growth %, YoY | — | +113.6 | +331.7 | +76.0 | — | |
| Cash from Operations | 19.0 | 1.6 | -4.4 | -19.4 | — | |
| Capital Expenditures | -2.2 | -0.1 | -2.0 | -2.2 | — | |
| Free Cash Flow | 16.9 | 1.5 | -6.4 | -21.6 | -21.6 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Mahindra EPC Irrigation (NSE: MAHEPC) had a market capitalisation of ₹268 crore at the 30 October 2026 close (₹95.79 a share), a PE ratio of 23.5 on the last four quarters' profit and a price-to-book ratio of 1.45. In FY26 its consolidated net profit was ₹12.7 crore on revenue of ₹312 crore; in Q2 FY27 (July–September 2026) it was ₹2.2 crore, up 418.6% year on year. Its debt-to-equity ratio was 0.23 on 30 September 2026. Promoters held 54.18% of the shares on 30 September 2026.
Mahindra EPC Irrigation's PE ratio is 23.5 at the 30 October 2026 close (₹95.79 a share): a market capitalisation of ₹268 crore divided by consolidated net profit of ₹11.4 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹12.7 crore) it is 21.1.
Mahindra EPC Irrigation's net worth — shareholders' equity in its consolidated balance sheet — was ₹185 crore on 30 September 2026, up 6.5% from ₹174 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹268 crore at the 30 October 2026 close.
Mahindra EPC Irrigation's book value per share was ₹66.20 on 30 September 2026: shareholders' equity of ₹185 crore divided by the 2.79 crore shares in issue, up 9.2% from ₹60.61 a year earlier. The share price at the 30 October 2026 close was ₹95.79.
Mahindra EPC Irrigation's price-to-book (PB) ratio is 1.45 at the 30 October 2026 close: a market capitalisation of ₹268 crore divided by shareholders' equity (book value) of ₹185 crore on 30 September 2026. That is a book value of ₹66.20 per share against a share price of ₹95.79.
In FY26, Mahindra EPC Irrigation's return on equity (ROE) was 7.1% and its return on capital employed (ROCE) was 10.3%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 4.3% and ROCE 6.2%.
On 30 September 2026, Mahindra EPC Irrigation's shares were held by promoters 54.18%, foreign portfolio investors (FII/FPI) 0.03%, domestic institutions (DII) 0.00% (including mutual funds at 0.00%) and retail and other non-institutional investors 45.79%. Over the year, FII holding was up 0.01 percentage points from 0.02% and DII holding was unchanged.
Mahindra EPC Irrigation's market capitalisation was ₹268 crore at the 30 October 2026 close: 2.79 crore shares at ₹95.79 each.
No. Mahindra EPC Irrigation had borrowings of ₹43.2 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.23. Its cash and current investments were ₹2.6 crore, so its net debt was ₹40.6 crore.
Mahindra EPC Irrigation's basic earnings per share (EPS) were ₹4.54 in FY26, against ₹2.58 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹4.06.
Mahindra EPC Irrigation's debt-to-equity ratio was 0.23 on 30 September 2026: borrowings of ₹43.2 crore against total equity of ₹185 crore. A year earlier, on 30 September 2025, it was 0.21.
Promoters held 54.18% of Mahindra EPC Irrigation on 30 September 2026, unchanged from the previous quarter and down 0.02 percentage points from 54.20% a year earlier, according to the shareholding pattern filed with NSE.
In FY26 (April 2025–March 2026), Mahindra EPC Irrigation's consolidated net profit was ₹12.7 crore, up 76.0% from ₹7.2 crore in FY25, on revenue from operations of ₹312 crore (up 14.5%).
In FY26, Mahindra EPC Irrigation generated ₹19.4 crore of cash from operations and spent ₹2.2 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹21.6 crore. In FY25 it was −₹6.4 crore.
Mahindra EPC Irrigation's latest results are for Q2 FY27 (July–September 2026), filed on 15 October 2026: consolidated net profit ₹2.2 crore, up 418.6% from ₹43 lakh in Q2 FY26; revenue from operations ₹72.7 crore, up 46.5% year on year.
Mahindra EPC Irrigation has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against TRF, Revathi Equipment India and Gujarat Apollo Industries: Mahindra EPC Irrigation's operating margin of 5.9% is the third highest of the four (TRF 6.8%, Revathi Equipment India 10.1%, Gujarat Apollo Industries −30.9%; peer average −4.7%); its return on equity of 7.1% is the second highest of the four (TRF −5.3%, Revathi Equipment India 10.4%, Gujarat Apollo Industries 1.2%; peer average 2.1%).
In FY26, Mahindra EPC Irrigation earned net profit of ₹12.7 crore on revenue of ₹312 crore, against ₹4.5 crore on ₹85 crore for TRF. Mahindra EPC Irrigation's operating margin was 5.9% (TRF 6.8%) and its return on equity 7.1% (TRF −5.3%). At the 30 October 2026 close, Mahindra EPC Irrigation's market capitalisation was ₹268 crore against ₹215 crore for TRF.
From Mahindra EPC Irrigation's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.