Mangal Electrical Industries Ltd
Incorporated in 2008, Mangal Electrical Industries Ltd manufactures and supplies different transformer components.[1]
- Market Cap ₹ 707 Cr.
- Current Price ₹ 256
- High / Low ₹ 574 / 206
- Stock P/E 16.0
- Book Value ₹ 204
- Dividend Yield 0.00 %
- ROCE 30.4 %
- ROE 34.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- 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 BSE Allcap BSE Industrials
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 |
| Free Cash Flow | -17 | -2 | 32 | 24 | 25 | -42 |
| CFO/OP | -101% | -4% | 177% | 76% | 105% | -15% |
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% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Customer Concentration (Top 10 Customers) % |
|
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| Debtor Collection Period Days |
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| Installed Capacity - CRGO Steel Electrical Laminations MTPA |
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| Installed Capacity - Transformers Units |
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| Inventory Holding Period Days |
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| Unexecuted Orderbook - CRGO Laminations & Other Products INR Million |
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| Unexecuted Orderbook - Transformers INR Million |
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| Unexecuted Orderbook - Turnkey EPC Distribution Infrastructure INR Million |
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Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
- Closure of Trading Window 26 Mar
-
Announcement under Regulation 30 (LODR)-Change in Management
24 Feb - 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
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.