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    Mangal Electrical Industries Limited

    Rajasthan-based manufacturer and processor of transformer components (CRGO, amorphous core, ICB, VCB) and transformers, plus EPC services for power T&D sub-stations.

    Capital Goods
    Industrials

    Overview

    Price

    Market Cap

    ₹786 Cr

    Sector

    Capital Goods

    Industrials

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1414141414202828
    Reserves31323979100142536563
    Borrowings881068397921496845
    Other Liabilities5432513139555071
    Total Liabilities188185187221247366682707
    AssetsFixed Assets3230313440395170
    CWIP000029259
    Investments00000000
    Other Assets156155156187205318605628
    Total Assets188185187221247366682707

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-16-1372737-30-101
    Cash from Investing-1-10-24-13-18-158
    Cash from Financing179-33-34-1842264
    SummaryCapital Expenditure
    Free Cash Flow-17-2322425-42-138
    FCF Margin

    Valuation

    Assumptions

    Current — MEIL
    Price
    ₹285
    EPS (TTM)
    ₹16.09
    PE (TTM)
    17.7
    Profit growth
    -8.5%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (20.3×) and current (17.7×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹285
    vs
    Fair value · 15% return
    ₹73
    74%Overvalued

    At -8.5% growth and a 18× exit, ₹285 only delivers your return if you pay ₹73. The price is currently baking in 17% growth.

    EPS grows -8.5%/yr for 5 years, then fades to 6% over 2, exits at 18×.

    YearGrowthEPS (₹)
    FY27-8.5%14.72
    FY28-8.5%13.47
    FY29-8.5%12.33
    FY30-8.5%11.28
    FY31-8.5%10.32
    FY32-1.2% ·fade10.19
    FY336.0% ·fade10.80

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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