Mangal Electrical Industries Ltd
Incorporated in 2008, Mangal Electrical Industries Ltd manufactures and supplies different transformer components.[1]
- Market Cap ₹ 784 Cr.
- Current Price ₹ 283
- High / Low ₹ 495 / 206
- Stock P/E 16.7
- Book Value ₹ 214
- Dividend Yield 0.00 %
- ROCE 14.6 %
- ROE 11.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 109% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 95.5 to 129 days.
- Working capital days have increased from 119 days to 225 days
* 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 Industrials Nifty 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 208 | 121 | 218 | 354 | 449 | 549 | 580 | 616 | |
| 194 | 109 | 198 | 310 | 407 | 467 | 511 | 546 | |
| Operating Profit | 14 | 12 | 21 | 44 | 43 | 82 | 68 | 70 |
| OPM % | 7% | 10% | 9% | 13% | 9% | 15% | 12% | 11% |
| 4 | 1 | 1 | 4 | 3 | 2 | 7 | 9 | |
| Interest | 10 | 9 | 10 | 11 | 13 | 15 | 12 | 10 |
| Depreciation | 4 | 3 | 3 | 4 | 4 | 5 | 6 | 6 |
| Profit before tax | 5 | 1 | 8 | 33 | 28 | 64 | 58 | 63 |
| Tax % | 36% | 4% | 24% | 25% | 25% | 26% | 26% | |
| 3 | 1 | 6 | 25 | 21 | 47 | 43 | 47 | |
| EPS in Rs | 2.03 | 0.74 | 4.19 | 17.06 | 14.45 | 23.08 | 15.62 | 16.99 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 18% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 109% |
| 3 Years: | 20% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -40% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 18% |
| Last Year: | 11% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 20 | 28 |
| Reserves | 31 | 32 | 39 | 79 | 100 | 142 | 563 |
| 88 | 106 | 83 | 97 | 92 | 149 | 45 | |
| 54 | 32 | 51 | 31 | 39 | 55 | 71 | |
| Total Liabilities | 188 | 185 | 187 | 221 | 247 | 366 | 707 |
| 32 | 30 | 31 | 34 | 40 | 39 | 70 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 9 | 10 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 156 | 155 | 156 | 187 | 205 | 318 | 628 | |
| Total Assets | 188 | 185 | 187 | 221 | 247 | 366 | 707 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -16 | -1 | 37 | 27 | 37 | -30 | -101 | |
| -1 | -10 | -2 | 4 | -13 | -18 | -158 | |
| 17 | 9 | -33 | -34 | -18 | 42 | 264 | |
| Net Cash Flow | 0 | -1 | 1 | -2 | 6 | -7 | 5 |
| Free Cash Flow | -17 | -2 | 32 | 24 | 25 | -42 | -138 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -101% | -4% | 177% | 76% | 105% | -15% | -131% |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 173 | 203 | 112 | 90 | 72 | 86 | 129 |
| Inventory Days | 266 | 147 | 112 | 83 | 131 | 158 | |
| Days Payable | 118 | 91 | 27 | 26 | 32 | 35 | |
| Cash Conversion Cycle | 173 | 351 | 168 | 175 | 129 | 184 | 252 |
| Working Capital Days | 102 | 175 | 71 | 98 | 61 | 72 | 225 |
| ROCE % | 7% | 13% | 27% | 21% | 30% | 15% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Amorphous Processing Capacity MT |
|
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| CRGO Installed Capacity MT |
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| CRGO Processing Volume MT |
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| ICB Installed Capacity units |
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| Transformer Effective Installed Capacity KVA |
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| Top 10 Customer Concentration % |
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| Order Book INR Crores |
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Extracted by Screener AI
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
-
Clarification Regarding Increase In Volume Movement
- Company clarified no pending disclosures; volume movement is market-driven.
-
Clarification sought from Mangal Electrical Industries Ltd
- Exchange has sought clarification from Mangal Electrical Industries Ltd on October 12, 2026, with reference to Movement in Volume.
- Closure of Trading Window
-
Announcement under Regulation 30 (LODR)-Resignation of Director
- Ms. Tanvi Surana resigned as Independent Director effective 18 September 2026 due to personal reasons.
Concalls
-
May 2026PPT
Business Overview:
a) Product Processing & Trading:[1]
MEIL processes transformer components like CRGO coils, cut laminations, core assemblies, amorphous cores, and circuit breakers. Additionally, the company trades in CRGO /CRNO coils and amorphous ribbons for power infrastructure.
b) Manufacturing & Services:
The company manufactures a wide range of transformers, from single-phase 5 KVA to three-phase 10 MVA units. Furthermore, MEIL provides turnkey EPC services for setting up electrical substations.