Mangal Electrical Industries Ltd
Incorporated in 2008, Mangal Electrical Industries Ltd manufactures and supplies different transformer components.[1]
- Market Cap ₹ 714 Cr.
- Current Price ₹ 258
- High / Low ₹ 574 / 250
- Stock P/E 16.1
- 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 | 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 3m
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Newspaper advertisement for Q3 and nine-month financial results ended Dec 31, 2025, published Jan 30, 2026.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Q3 FY26 revenue ₹156.3cr, PAT ₹13.4cr; CRGO capacity 28,000 MTPA; transformer expansion completing Q3 FY27.
-
Outcome Of The Meeting Of Board Of Mangal Electrical Industries Limited
2d - Approved unaudited standalone results for quarter and nine months ended Dec 31, 2025; revenue Rs15,627.39 lakh.
-
Outcome Of The Meeting Of Board Of Mangal Electrical Industries Limited
2d - Board approved Q3 and nine-month standalone unaudited results to Dec 31, 2025; limited review; IPO proceeds Rs 40,000 lakh.
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.