In Monday’s trading session, the shares of one of the leading Mahindra Group stocks specializes in providing innovative and sustainable irrigation solutions jumps upto 15 percent upon receiving new work order worth ~Rs. 3.40 crores from the Office of the Assistant Engineer for supplying Micro Irrigation Systems.
Price action
With a market capitalization of 301.27 Crores on Monday, the shares of Mahindra EPC Irrigation Limited is up by 15 percent making a high of Rs 129.21 compared to its previous closing price of Rs 107.69.
What Happened
Mahindra EPC Irrigation Limited specializes in providing innovative and sustainable irrigation solutions through its range of advanced irrigation systems.
Mahindra EPC Irrigation Limited has received a new domestic work order worth approximately Rs. 3.40 crores from the Office of the Assistant Engineer for supplying Micro Irrigation Systems, covering an area of approximately 680 hectares, which is to be executed within 12 months.
About the company
Mahindra EPC Irrigation Limited, a prominent player in the agricultural sector, is at the forefront of revolutionizing irrigation practices to improve water management and farm productivity. As part of the renowned Mahindra Group, the company specializes in providing cutting-edge, customized irrigation systems, including drip, sprinkler, and surface irrigation technologies.
The company focuses on addressing the water scarcity challenges faced by farmers, offering tailored solutions that maximize water efficiency, conserve resources, and optimize crop yields. Additionally, the company provides a comprehensive suite of services, including design, installation, and after-sales support, ensuring farmers have access to end-to-end solutions.
Business Strategy
Mahindra EPC Irrigation Limited’s strategy focuses on reducing reliance on subsidies by shifting towards non-subsidy segments and expanding its national presence. Leveraging the strength of the Mahindra & Mahindra Group, the company aims to enhance market reach and operational efficiency. A key focus is also on digitization to streamline processes and deliver innovative irrigation solutions.
Shareholding pattern
The shareholding pattern of Mahindra EPC Irrigation Limited is as follows: the promoters hold a significant 54.21 percent stake in the company, Foreign Institutional Investors (FIIs) hold 0.20 percent, while Domestic Institutional Investors (DIIs) have no shareholding. The remaining 45.58 percent is held by the public, indicating a substantial share of ownership in the hands of individual and institutional investors outside the promoter group.
Financials
The company’s revenue declined by 12.6 percent from Rs 57.96 crore to Rs 50.65 crore in Q2FY24-25. Meanwhile, Net loss rose from Rs 0.68 crores to Rs 2.76 crore during the same period.
Written by Sridhar J
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
