Mangal Electrical Industries Ltd
Incorporated in 2008, Mangal Electrical Industries Ltd manufactures and supplies different transformer components.[1]
- Market Cap ₹ 1,015 Cr.
- Current Price ₹ 367
- High / Low ₹ 574 / 352
- Stock P/E 21.9
- 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 208 | 121 | 218 | 354 | 449 | 549 | |
| 194 | 109 | 198 | 310 | 407 | 467 | |
| Operating Profit | 14 | 12 | 21 | 44 | 43 | 82 |
| OPM % | 7% | 10% | 9% | 13% | 9% | 15% |
| 4 | 1 | 1 | 4 | 3 | 2 | |
| Interest | 10 | 9 | 10 | 11 | 13 | 15 |
| Depreciation | 4 | 3 | 3 | 4 | 4 | 5 |
| Profit before tax | 5 | 1 | 8 | 33 | 28 | 64 |
| Tax % | 36% | 4% | 24% | 25% | 25% | 26% |
| 3 | 1 | 6 | 25 | 21 | 47 | |
| EPS in Rs | 2.03 | 0.74 | 4.19 | 17.06 | 14.45 | 23.08 |
| 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
-
Closure of Trading Window
26 Dec - Trading window closed Jan 1, 2026 until 48 hours after unaudited Q3 results for Dec 31, 2025.
-
Announcement under Regulation 30 (LODR)-Change in Management
23 Dec - Mohit Vyas appointed Chief Legal Officer, effective January 1, 2026 (full-time).
-
Appointment of Company Secretary and Compliance Officer
23 Dec - Appointed Naresh Kumar Sharma as Company Secretary & Compliance Officer, whole-time KMP, effective 23 Dec 2025, ICSI A12005.
-
Board Meeting Outcome for Outcome Of The Meeting Of Board Of Mangal Electrical Industries Limited ('The
Company')
23 Dec - Board appointed Naresh Kumar Sharma as Company Secretary (Dec 23, 2025) and Mohit Vyas as CLO effective Jan 1, 2026.
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
22 Dec - Company Secretary Balvinder Singh Guleri resigns effective December 22, 2025; ceases as KMP and compliance officer.
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.