Mahindra EPC in focus after winning ₹49 Cr order for supply of Micro Irrigation Systems

The shares of Micro Irrigation Systems gained up to 2 percent after the company bagged a prestigious work order for the supply of Micro Irrigation Systems worth Rs 49 Lakhs.

Price movement

With a market capitalization of Rs 373.90 crore, the shares of Mahindra EPC Irrigation Ltd were trading at Rs 133.85 per share, decreasing around 3 percent as compared to the previous closing of Rs 138.00 apiece.

Reason for rise

According to the company filing, Mahindra EPC Irrigation Ltd bagged a prestigious work order from the office of the Asst. Engineer, Water Users Association for the supply of Micro Irrigation Systems under a community micro irrigation project worth Rs 49 Lakhs.

Financial condition

Looking forward to the company’s financial performance, revenue climbed by 1.4 percent from Rs 80.29 crore in Q4FY23 to Rs 81.45 crore in Q4FY24 but during the same time, net profit magnified by 280 percent from Rs 1.67 crore to Rs 6.35 crore.

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Industry Overview

The agriculture industry emphasizes water management’s importance while leveraging strategic measures to boost revenue and profitability. Despite recent challenges, stable raw material prices and positive trends in select segments signal growth opportunities, supporting a more resilient and sustainable future for the sector.

Ratio analysis

The company’s critical ratios show that the return on equity increased from (7.53) percent in FY22-23 to 1.01 percent in FY23-24, while the return on capital employed increased from (8.25) percent to 43.16 percent. The net profit margin (NPM) for fiscal year 23-24 is 0.81 percent.

Company Snapshot

Mahindra EPC Irrigation Limited is an India-based firm that manufactures micro-irrigation systems. Drip and sprinkler systems, agricultural pumps, greenhouses, and landscaping items are among the products offered by the company.

Written by Abhishek Singh

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