Mangal Electrical Industries share price & results
- Jun 2026
- Sept 2026
Rajasthan-based manufacturer and processor of transformer components (CRGO, amorphous core, ICB, VCB) and transformers, plus EPC services for power T&D sub-stations.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 126 | +40.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 8.8 | −2.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 7.5 | +101.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 12.47 | −22.8 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -23.62 | −16.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 17.36 | −16.6 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −48.2% 1Y
1Y: ₹477.8 on 24 Oct 2025 → ₹247.65. High ₹477.8 (24 Oct 2025), low ₹208.54 (30 Mar 2026).
- Previous close
- ₹234.5
- Market cap
- ₹673 Cr
- 52-week range
- ₹208.54 – ₹476
- One year
- −46.78%
- Price to earnings (TTM to Jun 2026)
- 14.33×
- Return on equity (TTM to Jun 2026)
- 12.47%
Overview
- Symbol
- NSE:MEIL
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Mangal Electrical Industries Limited does
Based on the company's own presentations, annual report and earnings calls.
Mangal Electrical Industries processes and manufactures transformer components — Cold-Rolled Grain Oriented (CRGO) lamination, amorphous core, Integrated Circuit Breakers (ICB) and Vacuum Circuit Breakers (VCB) — and manufactures transformers ranging from single-phase 5 KVA to three-phase 10 MVA units. It also provides EPC (engineering, procurement, construction) services for setting up electrical sub-stations in the power transmission & distribution (T&D) space. The company runs five manufacturing facilities in Rajasthan and supplies transformer manufacturers, power utilities, industrial conglomerates, infrastructure developers and public sector enterprises across India and overseas.
Segments
- Transformer Components
- Transformer Manufacturing
- EPC Services
- Manufacturing facilities
- 5 (all in Rajasthan)
- Transformer installed capacity
- 10,22,500 KVA
- CRGO processing installed capacity
- 28,000 MT
- ICB installed capacity
- 75,000 units
- Amorphous processing installed capacity
- 2,400 MT
- CRGO volume (FY26)
- 15,283 MT
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +102% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 133 | 149 | 153 | 90 | 154 | 156 | 179 | 126 |
| Expenses | 109 | 125 | 130 | 80 | 132 | 137 | 162 | 115 |
| Operating profit | 24 | 24 | 23 | 10 | 22 | 19 | 18 | 11 |
| Operating margin | 18.1% | 16.1% | 14.8% | 11.1% | 14.2% | 12.1% | 9.8% | 8.8% |
| Other income | 1 | 0 | 0 | 0 | 1 | 3 | 3 | 2 |
| Interest | 4 | 5 | 3 | 4 | 4 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 |
| Profit before tax | 19 | 18 | 19 | 5 | 18 | 18 | 17 | 10 |
| Tax rate | 25.1% | 25.9% | 25.9% | 26.4% | 25.4% | 25.6% | 25.9% | 25.5% |
| Net profit | 14 | 14 | 14 | 4 | 13 | 13 | 13 | 8 |
| EPS (₹ per share) | 6.97 | 6.65 | 6.80 | 1.82 | 4.81 | 4.85 | 4.61 | 2.72 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Sales | 549 | 580 |
| Expenses | 468 | 511 |
| Operating profit | 82 | 68 |
| Other income | 2 | 7 |
| Interest | 15 | 12 |
| Depreciation | 5 | 6 |
| Profit before tax | 64 | 58 |
| Net profit | 47 | 43 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 14 | 14 | 14 | 20 | 28 | 28 |
| Reserves | 39 | 79 | 100 | 142 | 536 | 563 |
| Borrowings | 83 | 97 | 92 | 149 | 68 | 45 |
| Other liabilities | 51 | 31 | 39 | 55 | 50 | 71 |
| Total liabilities | 187 | 221 | 247 | 366 | 682 | 707 |
| Fixed assets | 31 | 34 | 40 | 39 | 51 | 70 |
| Capital work in progress | 0 | 0 | 2 | 9 | 25 | 10 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 156 | 187 | 205 | 318 | 605 | 628 |
| Total assets | 187 | 221 | 247 | 366 | 682 | 707 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -1 | 37 | 27 | 37 | -30 | -101 |
| Cash from investing | -10 | -2 | 4 | -13 | -18 | -158 |
| Cash from financing | 9 | -33 | -34 | -18 | 42 | 264 |
| Net cash flow | -1 | 1 | -2 | 6 | -7 | 5 |
| Free cash flow | -2 | 32 | 24 | 25 | -42 | -138 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 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 | 351 | 168 | 175 | 129 | 184 | 252 |
| Working capital days | 175 | 71 | 98 | 61 | 72 | 225 |
| Return on capital employed | 7.0% | 13.0% | 27.0% | 21.0% | 30.0% | 15.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Manufacturing & Trading of Electrical Transformers etc contributes 90.6% of reported segment revenue.
Quarter ended 30 Jun 2026 · Standalone
- Manufacturing & Trading of Electrical Transformers etc 90.6%
₹114.01 crore
- EPC Contract involving Electrical Items 9.4%
₹11.82 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Manufacturing & Trading of Electrical Transformers etc | 114.01 | 90.6% |
| EPC Contract involving Electrical Items | 11.82 | 9.4% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹125.83 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹125.83 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
What the price assumes
Growth trapTo justify its price of ₹248, this stock must grow earnings at 9% every year for 7 years. Our analysis caps realistic growth at ~-18%. At that growth it is worth ₹55 — downside of 78%.
- Growth the price implies
- 9.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -18.2% a year
- net profit, FY25–FY26
- The gap
- 0.3 pp
- -78% downside if it only repeats history
Ownership
Who owns it
Promoters hold 74.79% as of Sept 2026; institutions cut 1.92 pts since Jun 2026.
- Promoters 74.79%
- Foreign institutions 0.08%
- Domestic institutions 3.58%
- Public 21.55%
Who is on the register
Named in the Sep 2026 filing
Every holder of Mangal Electrical Industries Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 30.48% | unchanged | |
| 21.05% | unchanged | |
| 14.59% | unchanged | |
| 8.07% | unchanged | |
| AIF | 2.89% | unchanged |
| 0.24% | unchanged | |
| 0.12% | unchanged | |
| 0.12% | unchanged | |
| 0.11% | unchanged | |
| FPI fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
Start an Inve Case for Mangal Electrical Industries Limited
Free account: one company. Everything above stays public.
Write why you follow Mangal Electrical Industries Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other Capital Goods companies
- SA
SALASARSalasar Techno Engineering Limited - SU
SUPREMEPWRSupreme Power - PA
PATILAUTOMPatil Automation Limited - TO
TOTEMForbes Precision Tools and Machine Parts Limited - PA
PARTHParth Electricals & Engineering Limited - AX
AXTELAxtel Industries Ltd. - SC
SCODATUBESScoda Tubes Limited - UN
UNIABEXALUni-Abex Alloy Products Ltd.
Learn to analyse Mangal Electrical Industries Limited
Guides on how to read this kind of business and the numbers that matter.