Mangal Electrical Industries Ltd
Incorporated in 2008, Mangal Electrical Industries Ltd manufactures and supplies different transformer components.[1]
- Market Cap ₹ 661 Cr.
- Current Price ₹ 239
- High / Low ₹ 574 / 235
- Stock P/E 14.9
- Book Value ₹ 204
- Dividend Yield 0.00 %
- ROCE 30.4 %
- ROE 34.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.17 times its book value
- Company has delivered good profit growth of 74.3% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of BSE IPO
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 208 | 121 | 218 | 354 | 449 | 549 | 553 | |
| 194 | 109 | 198 | 310 | 407 | 467 | 480 | |
| Operating Profit | 14 | 12 | 21 | 44 | 43 | 82 | 73 |
| OPM % | 7% | 10% | 9% | 13% | 9% | 15% | 13% |
| 4 | 1 | 1 | 4 | 3 | 2 | 5 | |
| Interest | 10 | 9 | 10 | 11 | 13 | 15 | 13 |
| Depreciation | 4 | 3 | 3 | 4 | 4 | 5 | 6 |
| Profit before tax | 5 | 1 | 8 | 33 | 28 | 64 | 60 |
| Tax % | 36% | 4% | 24% | 25% | 25% | 26% | |
| 3 | 1 | 6 | 25 | 21 | 47 | 44 | |
| EPS in Rs | 2.03 | 0.74 | 4.19 | 17.06 | 14.45 | 23.08 | 18.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 36% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 74% |
| 3 Years: | 98% |
| TTM: | 126% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 29% |
| Last Year: | 34% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 20 | 28 |
| Reserves | 31 | 32 | 39 | 79 | 100 | 142 | 536 |
| 88 | 106 | 83 | 97 | 92 | 149 | 68 | |
| 54 | 32 | 51 | 31 | 39 | 55 | 50 | |
| Total Liabilities | 188 | 185 | 187 | 221 | 247 | 366 | 682 |
| 32 | 30 | 31 | 34 | 40 | 39 | 51 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 9 | 25 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 156 | 155 | 156 | 187 | 205 | 318 | 605 | |
| Total Assets | 188 | 185 | 187 | 221 | 247 | 366 | 682 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -16 | -1 | 37 | 27 | 37 | -30 | |
| -1 | -10 | -2 | 4 | -13 | -18 | |
| 17 | 9 | -33 | -34 | -18 | 42 | |
| Net Cash Flow | 0 | -1 | 1 | -2 | 6 | -7 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 173 | 203 | 112 | 90 | 72 | 86 |
| Inventory Days | 266 | 147 | 112 | 83 | 131 | |
| Days Payable | 118 | 91 | 27 | 26 | 32 | |
| Cash Conversion Cycle | 173 | 351 | 168 | 175 | 129 | 184 |
| Working Capital Days | 102 | 175 | 71 | 98 | 61 | 72 |
| ROCE % | 7% | 13% | 27% | 21% | 30% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
2d - COO (EPC) Ramkishan Bairwa resigned Feb 23, 2026; requested relief effective April 10, 2026.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
11 Feb - CARE report on IPO proceeds (Rs.400cr) for quarter ended Dec 31, 2025; Rs1.39cr over-utilisation; Rs92.97cr unspent.
-
Intimation To Stock Exchange Under Regulation 30 Of SEBI (Listing Obligations And
Disclosure Requirements) Regulations, 2015-Participation In MANTHAN - Systematix India
Annual Flagship Conference
4 Feb - Participating at MANTHAN Systematix conference in Mumbai on Feb 9, 2026; only public information shared
-
Announcement under Regulation 30 (LODR)-Change in Management
31 Jan - COO Shekhawat AnilKumar Gopal resigns effective close of business January 31, 2026.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Jan - Newspaper advertisement for Q3 and nine-month financial results ended Dec 31, 2025, published Jan 30, 2026.
Annual reports
No data available.
Business Overview:[1]
a) MEIL processes transformer components such as laminations, CRGO slit coils, amorphous cores, coil/core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers.
b) It trades in CRGO and CRNO coils, and amorphous ribbons.
c) It manufactures transformers and customized products for the power infrastructure industry.
d) The company also offers EPC services for setting up electrical substations.