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Earnings Call

Mahindra EPC Irrigation Earnings Call: Key Takeaways

Mahindra EPC delivered record FY26 revenue of ₹315.8cr, up 14.8%, with PBT rising to ₹16.99cr. Strategy focuses on increasing non-subsidy revenue mix (now 35%).

Why this was an Alfa AlertNot a filter event. Results were positive but no specific prior guided range was provided to confirm a 5%+ material beat.
Highlights
Revenue growth14.8% YoY growth in FY26 to ₹315.8cr.
Margins1% material cost saving in FY26; Q4 margins impacted by RM spike.
Order bookOpening pipeline of ₹54-55cr with ₹20cr further upside visibility.
Demand visibilityStrong; industry nearing inflection point with government push for 10M hectares.
Management confidenceHigh; citing M&M parentage and successful shift to non-subsidy business.

Growth

FY26 revenue grew 14.8% to ₹315.8cr; PBT grew 58% to ₹16.99cr vs ₹10.7cr in FY25.

Outlook

Targets 2M hectares annually for industry; Company plans capex for productivity and expanding non-subsidy high-margin product lines.

Risks

Raw material volatility (PE pipe grades up 59% in Feb-26), geopolitical tensions, and delayed state subsidy disbursements.

Source

Earnings Call filed with BSE, NSE: MAHEPC. Summary written with AI assistance from the document.

Read the document ↗

Mahindra EPC Irrigation Ltd: key numbers

Share price
₹99.02
Market cap
₹276.8 Cr
Revenue (annual)
₹312.1 Cr
Net profit (annual)
₹12.69 Cr
P/E (TTM)
28.9×Sector 53.6×
Promoter holding
54.18%-0.02% QoQ
FII holding
0.13%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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