Under Rs 150: Mahindra Group Company Secures Rs 14,36,00,000 Order for Micro Irrigation Systems – FIIs Increase Stake in Q1 FY25!
Incorporated in 1986, Mahindra EPC Irrigation is engaged in Micro Irrigation Systems, including drip and sprinkler systems, agricultural pumps, greenhouses, and landscape products. The company has secured an order for the supply of Micro Irrigation Systems covering approximately 2,880 hectares. The contract, valued at approximately Rs 14.36 Crores, is to be executed within 12 months.
On Monday, the shares of Mahindra EPC Irrigation were closed at around Rs 145.10 per share on the BSE. The company’s current market capitalization stands at Rs 405.33 crore. Additionally, the shares have delivered a return of over 13 per cent in the past 1 year.
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As per the Quarterly Results, in the first quarter of FY25, Mahindra EPC Irrigation recorded a revenue of Rs 45.31 crore. The operating loss for Q1 FY25 stood at Rs 2.37 crore. The net loss for Q1 FY25 was Rs 2.63 crore. Looking at the annual performance, the company generated a revenue of Rs 262 crore in FY24. The operating profit for FY24 was Rs 6 crore with a net profit of Rs 2 crore compared to a net loss of Rs 12 crore in FY23.
According to the company's shareholding pattern, the promoters hold a significant 54.21 per cent stake. Public investors own 45.18 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 0.60 per cent compared to a 0.11 per cent stake in Q4 FY24.
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Disclaimer: The article is for informational purposes only and not investment advice.