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EPC Industrie Has Upside Of 60%: ICICI-Direct



ICICI-Direct has issued a research report on EPC Industrie as part of the Nano Nivesh series claiming that the stock has 60% upside




EPC Industrie (EPC), a Mahindra & Mahindra (M&M) subsidiary, is a micro-irrigation system (MIS) and component manufacturer based out of Nashik, Maharashtra. The company was acquired by M&M in February 2011 and has been well ca pitalised over the years by M&M (net cash of ~| 8 crore in FY14 vis-à-vis net debt of ~| 30 crore in FY10). With savings arising from MIS & the government’s thrust to augment its farmer reach, EPC is well poised for robust growth ahead.

Click here to download ICICI-Direct report on EPC Industrie
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