---
title: "Mangal Electrical Industries Ltd (MEIL) — Share Price, Financials & Analysis"
symbol: "MEIL"
company: "Mangal Electrical Industries Ltd"
canonical: "https://tapetide.com/stocks/MEIL"
isin: "INE0PKD01011"
nse_symbol: "MEIL"
bse_code: "544492"
sector: "Capital Goods"
industry: "Other Electrical Equipment"
market_cap_cr: 756.93
generated_at: "2026-09-13T18:57:19.574Z"
---

# Mangal Electrical Industries Ltd (MEIL)

Canonical page: https://tapetide.com/stocks/MEIL

## Company

- **NSE Symbol:** MEIL
- **BSE Code:** 544492
- **ISIN:** INE0PKD01011
- **Sector:** Capital Goods
- **Industry:** Other Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-08-28
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mangals.com

## About

Incorporated in 2008, Mangal Electrical Industries Ltd manufactures and supplies different transformer components.[1]

## Latest Price

- **Price:** ₹282.1
- **Change:** +1.9 (+0.68%)
- **Open:** ₹277
- **Day High:** ₹284
- **Day Low:** ₹272
- **Previous Close:** ₹280.2
- **Volume:** 33612
- **As Of:** 2026-09-11T10:01:41+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:00.740432Z.

- **Market Cap:** ₹756.93 Cr
- **Classification:** Microcap
- **P/E (reported):** 16.5
- **P/E (TTM):** 16.6
- **EPS (TTM):** ₹16.99
- **Book Value:** ₹213.67
- **Price to Book:** 1.31
- **Dividend Yield:** 0%
- **ROE:** 7.31%
- **ROCE:** 11.73%
- **Debt to Equity:** 0.08
- **Revenue (yearly):** ₹587 Cr
- **Net Income:** ₹43.2 Cr
- **EBITDA:** ₹75.7 Cr
- **52-Week High:** ₹559.7
- **52-Week Low:** ₹206.26
- **RSI (14):** 47.97

## Tapetide Score

- **Score:** 42 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Falling
- **Percentile:** 19.7 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 70.93 | 9% |
| growth | 50 | 9% |
| momentum | 46.39 | 12% |
| ownership | 23.31 | 24% |
| quality | 38.38 | 22% |
| valuation | 52.11 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 109% CAGR over last 5 years

### Weaknesses

- 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

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -236.82% | -377.22% | -377.52% |
| ebitda margin growth | -37.68% | -15.25% | 28.77% | 30.86% |
| net income growth | -41.41% | -8.67% | 20% | 109% |
| revenue growth | -30.04% | 6.53% | 18% | 37% |
| roce | — | -73.83% | -61.41% | 26.56% |
| roe | — | -74.94% | 18.23% | -16.65% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 114.32 | 132.7 | 149.37 | 153.03 | 89.66 | 154.33 | 156.27 | 179.42 | 125.83 |
| Expenses | 103.1 | 108.75 | 125.29 | 130.43 | 79.69 | 132.49 | 137.38 | 161.76 | 114.69 |
| Operating Profit | 11.22 | 23.95 | 24.08 | 22.6 | 9.97 | 21.84 | 18.89 | 17.66 | 11.14 |
| OPM % | 9.81 | 18.05 | 16.12 | 14.77 | 11.12 | 14.15 | 12.09 | 9.84 | 8.85 |
| Other Income | 0.53 | 0.64 | 0.38 | 0.42 | 0.25 | 1.31 | 2.74 | 3.01 | 1.81 |
| Interest | 3.13 | 4.23 | 4.87 | 2.96 | 3.94 | 3.99 | 1.88 | 1.82 | 1.86 |
| Depreciation | 1.22 | 1.29 | 1.17 | 1.25 | 1.21 | 1.34 | 1.74 | 1.64 | 0.99 |
| Profit before tax | 7.4 | 19.07 | 18.42 | 18.81 | 5.07 | 17.82 | 18.01 | 17.21 | 10.1 |
| Tax % | 26.35 | 25.12 | 25.95 | 25.94 | 26.43 | 25.36 | 25.65 | 25.92 | 25.54 |
| Net Profit | 5.45 | 14.28 | 13.64 | 13.93 | 3.73 | 13.3 | 13.39 | 12.75 | 7.52 |
| EPS in Rs | 2.66 | 6.97 | 6.65 | 6.8 | 1.82 | 4.81 | 4.85 | 4.61 | 2.72 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 208 | 121 | 218 | 354 | 449 | 549 | 580 | 616 |
| Expenses | 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 |
| Other Income | 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 | — |
| Net Profit | 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 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |
| Borrowings | 88 | 106 | 83 | 97 | 92 | 149 | 45 |
| Other Liabilities | 54 | 32 | 51 | 31 | 39 | 55 | 71 |
| Total Liabilities | 188 | 185 | 187 | 221 | 247 | 366 | 707 |
| Fixed Assets | 32 | 30 | 31 | 34 | 40 | 39 | 70 |
| CWIP | 0 | 0 | 0 | 0 | 2 | 9 | 10 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 156 | 155 | 156 | 187 | 205 | 318 | 628 |
| Total Assets | 188 | 185 | 187 | 221 | 247 | 366 | 707 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -16 | -1 | 37 | 27 | 37 | -30 | -101 |
| Cash from Investing Activity | -1 | -10 | -2 | 4 | -13 | -18 | -158 |
| Cash from Financing Activity | 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/OP | -101 | -4 | 177 | 76 | 105 | -15 | -131 |

### Ratios

| Item | 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 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 100% | 74.19% | 74.44% | 74.79% | 74.79% | 74.79% |
| FIIs | 0% | 4.12% | 2.39% | 2.03% | 2.2% | 1.28% |
| DIIs | 0% | 8.64% | 6.68% | 6.19% | 4.43% | 4.3% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 11.71% | 12.39% | 13.15% | 14.93% | 15.88% |
| Others | 0% | 1.34% | 4.09% | 3.84% | 3.65% | 3.75% |
| No. of Shareholders | 7 | 98961 | 65101 | 59270 | 55719 | 54834 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 6 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 283.15 | Sell |
| EMA (10) | 282.78 | Sell |
| SMA (20) | 279.87 | Buy |
| EMA (20) | 282.36 | Sell |
| SMA (50) | 285.94 | Sell |
| EMA (50) | 286.14 | Sell |
| SMA (100) | 300.1 | Sell |
| EMA (100) | 294.4 | Sell |
| SMA (200) | 300.64 | Sell |
| EMA (200) | 326.22 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.41 | Neutral |
| MACD (12,26,9) | -0.1 | Buy |
| Stochastic (14,3,3) | 47.66 | Neutral |
| ADX (14) | 16.55 | Neutral |
| Williams %R (14) | -52.22 | Neutral |
| ATR (14) | 11.68 | High Volatility |
| ROC (12) | -5.22 | Sell |
| Stoch RSI (14) | 11.25 | Buy |
| UO (7,14,28) | 48.88 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=df9bb2fc-b500-494f-9391-90d0e74a3434.pdf) |
| 2026-08-27 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6f87f835-6d0f-49af-bf38-fc7adbc9526b.pdf) |
| 2026-08-27 | [Voting Results Of 18Th AGM Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ae17cdcf-d472-4b1b-b177-a0741eb0097f.pdf) |
| 2026-08-26 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8ac102e8-6b69-4be4-9a1b-8953c5150c9e.pdf) |
| 2026-08-26 | [Disclosure Of Key Performance Indicators Under SEBI (Issue Of Capital And Disclosure Requirements) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd479811-9f7c-411b-b675-59a9c53c9321.pdf) |
| 2026-08-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07caab70-57fd-4577-a499-caba383f5491.pdf) |
| 2026-08-07 | [Corrigendum To Intimation Pursuant To Regulation 30 & 34 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015- Item No 5 Of AGM Notice - Appointment Of Secretarial Auditor & Correction In Page No. 18 Of Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=968c4160-1d1f-446e-971b-f701507a90ec.pdf) |
| 2026-08-06 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23dad0bd-5057-4c23-983f-b50ee4ada1fb.pdf) |
| 2026-08-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36040bc4-a823-45e3-b152-b13b47cb3088.pdf) |
| 2026-08-04 | [18Th AGM Of The Company To Be Held On August 26 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8691f1f0-8677-4bf3-b58d-0e61f022fa06.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-29 | [Considered And Approved The Un-Audited Financial Results For The Quarter Ended On June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=183e205a-b4df-4e53-84b4-368535f3cb9f.pdf) |
| 2026-05-13 | [Declaration Of Audited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61607efb-030b-495b-9b7e-a63f5f662e74.pdf) |
| 2026-01-28 | [Outcome Of The Meeting Of Board Of Directors Of Mangal Electrical Industries Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ee02653e-e777-47e9-bd10-0b33de00d72d.pdf) |
| 2026-01-28 | [Outcome Of The Meeting Of Board Of Directors Of Mangal Electrical Industries Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=08c4c64d-a14b-4918-8012-404334cb3d56.pdf) |
| 2026-01-28 | [Outcome Of The Meeting Of Board Of Directors Of Mangal Electrical Industries Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=13a2dc15-a5bb-437c-a639-567e91a73706.pdf) |
| 2025-11-08 | [Unaudited Financial Results (Standalone) For The Quarter And Half Year Ended September 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b50fc6c-3798-4209-8b99-af9931618b5a.pdf) |
| 2025-09-16 | [Unaudited Financial Results (Standalone) For The Quarter Ended June 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45f0376b-2344-49aa-aa2a-d248b2dad087.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/57f392c6-2772-4ceb-95d6-47441e73d63e.pdf) |
| 6 May - Board meets May 13, 2026 to approve audited FY26 results and consider ESOP grant. | [Board Meeting Intimation for Prior Intimation Of Board Meeting Under The SEBI(LODR) Regulations, 2015 6 May - Board meets May 13, 2026 to approve audited FY26 results and consider ESOP grant.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ac871fc0-b8f1-4d70-bb43-7f04c343fef6.pdf) |
| 4 Feb - Participating at MANTHAN Systematix conference in Mumbai on Feb 9, 2026; only public information shared | [Intimation To Stock Exchange Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015-Participation In MANTHAN - Systematix India Annual Flagship Conference 4 Feb - Participating at MANTHAN Systematix conference in Mumbai on Feb 9, 2026; only public information shared](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a0e7bd1d-b074-43b2-90b5-e012a93bf3c2.pdf) |
| 31 Jan - COO Shekhawat AnilKumar Gopal resigns effective close of business January 31, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 31 Jan - COO Shekhawat AnilKumar Gopal resigns effective close of business January 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/803d89ef-e2c4-42d1-8895-07018f7bc3ad.pdf) |
| 30 Jan - 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 30 Jan - Newspaper advertisement for Q3 and nine-month financial results ended Dec 31, 2025, published Jan 30, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/747b28c4-5628-4c4d-a5c8-d76773087b81.pdf) |
| 24 Feb - COO (EPC) Ramkishan Bairwa resigned Feb 23, 2026; requested relief effective April 10, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 24 Feb - COO (EPC) Ramkishan Bairwa resigned Feb 23, 2026; requested relief effective April 10, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aaedc098-3087-4b8d-b687-1ee8bbadb5b1.pdf) |
| 2 May - Secretarial compliance report for FY ended March 31, 2026 shows full SEBI compliance, no violations. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 2 May - Secretarial compliance report for FY ended March 31, 2026 shows full SEBI compliance, no violations.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/18efe3ea-eccb-4f8f-8de1-14ebb35151e2.pdf) |
| 2 May - Secretarial compliance report for FY ended March 31, 2026 shows full SEBI compliance, no violations. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 2 May - Secretarial compliance report for FY ended March 31, 2026 shows full SEBI compliance, no violations.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/18efe3ea-eccb-4f8f-8de1-14ebb35151e2.pdf) |
| 17 Apr - Rajasthan appellate authority levied ₹55.73 lakh GST, interest and penalty; company will appeal. | [Revised Corporate Announcement Filed Under Regulation 30 Of SEBI (LODR) Regulations, 2015 17 Apr - Rajasthan appellate authority levied ₹55.73 lakh GST, interest and penalty; company will appeal.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8a767803-591d-4b08-9a01-741f3e7ca463.pdf) |
| 17 Apr - PGCIL renewed MEIL manufacturer approval for 765 kV CRGO coils and laminations until April 22, 2029. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 17 Apr - PGCIL renewed MEIL manufacturer approval for 765 kV CRGO coils and laminations until April 22, 2029.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/88902238-deae-4d2a-89a2-c63e8df93588.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cd79ea6f-c33d-4ce6-9b68-bddca3f93da3.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d421432c-e661-4bfb-a8a5-d02aa7d15855.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:57:19.574Z.