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Mangal Electrical Industries (MEIL) had a P/E of 14.8× on 6 Nov 2026, below the industry P/E of 30.0×, and the shares are 47% below their 52-week high. Sales and net profit grew 18% and 20% a year over 3 years, with ROCE of 11% and ROE of 7.6%. It carries very little debt. It is a small-cap company with a market cap of ₹705 Cr, ranked 53rd of 97 Electrical Equipment & Parts companies by market cap; the shares fell 46% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹244.35
Day high
₹257.00
Day low
₹241.21
Prev. close
₹247.75
Volume
25.1K

Health check

2 good · 1 fair · 3 to check
  • ReturnsBehind

    −46.3% over a year, better than 0 of 7 peers.

  • Price tagCheaper

    P/E 14.8 vs industry 30.0.

  • GrowthSteady

    Sales +17.8%, profit +20.4% a year over 3 years.

  • ProfitabilityWeak

    ROCE 11.5% vs peer median 22.1%.

  • Balance sheetSolid

    Debt 0.08× equity, interest covered 6.9×.

  • Red flags2 to check

    Return on equity is low at 7.6%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electrical Equipment & Parts

96 listed peers. Screen the industry

Small cap

₹705 Cr, #53 of 97 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹633 Cr · profit ₹45 Cr
Market cap
₹705 Cr
Small cap
P/E
14.8
Industry 30.0
Price to book
1.16
Peers 7.24
Dividend yield
0.00%
ROE
7.6%
Peers 18.0%
ROCE
11.5%
Peers 22.1%
Debt to equity
0.08
Debt ₹51 Cr
EPS (TTM)
₹17.22
Face value ₹10
OPM (TTM)
11.3%
Net margin 7.1%
Sales growth
+40.3%
Latest quarter vs a year ago
Profit growth
+101.5%
Latest quarter vs a year ago
Price to sales
1.11
EV/EBITDA 10.1

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly profit up 101.5% on a year ago.
  • Quarterly sales up 40.3% on a year ago.
  • P/E of 14.8 against an industry P/E of 30.0.

Risks to check

  • Return on equity is low at 7.6%.
  • 47% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Mangal Electrical Industries

Mangal Electrical Industries Limited engages in the manufacture and trade of electrical transformers, cold rolled grain oriented (CRGO) electrical steel, electrical accessories, and other related products under the Mangal Electrical brand name in India and internationally. It offers transformer components, including transformer components, including CRGO slit coils, transformer laminations, amorphous cores, coil and core assemblies, wound cores, toroidal…

Headquarters
Jaipur
Employees
810
Sector
Industrials
ISIN
INE0PKD01011
Website
mangals.com

Price range

52 weeks

₹206.26₹478.45

Today

₹241.21₹257.00
Avg volume (3M)
1 L
1-year return
minus 46.3%
From 52-week high
minus 46.6%

Peers · Electrical Equipment & Parts

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
POWERINDIAHitachi Energy India27,800.00minus 1.42%1,23,911107.795.324.9%16.1%0.0222.2%plus 37.9%
CGPOWERCG Power and Industrial Solutions773.00minus 4.43%1,21,78588.672.519.3%13.1%0.0221.2%plus 8.2%
POLYCABPolycab India7,871.00plus 0.28%1,18,61337.529.030.4%13.6%0.0226.6%plus 3.8%
HAVELLSHavells India1,128.00plus 5.61%70,78942.630.022.1%9.1%0.029.9%minus 28.1%
APARINDSApar Industries14,106.00minus 9.65%59,06541.630.726.7%9.5%0.1217.0%plus 87.2%
KEIKEI Industries3,988.00minus 1.80%38,14336.129.918.7%11.0%0.0419.1%plus 1.8%
HONAUTHoneywell Automation India30,080.00minus 0.79%26,61347.035.715.7%13.8%0.0210.9%minus 17.5%
MEILMangal Electrical Industries255.27plus 3.04%70514.8––11.3%0.08–minus 46.3%
Median of 7 peers–−1.42%70,78942.630.722.1%13.1%0.0219.1%3.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
89.7154156179126
79.7132137162115
1021.818.917.711.1
11.1%14.2%12.1%9.8%8.8%
0.31.32.731.8
3.941.91.81.9
1.21.31.71.61
5.117.81817.210.1
26.4%25.4%25.7%25.9%25.5%
3.713.313.412.87.5
1.354.815.014.682.72

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+17.8%
Profit CAGR 3Y
+20.4%
EPS CAGR 3Y
+24.9%
ROE
7.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
354449549580
–+26.9%+22.2%+5.5%
308407467510
46.342.782.470.1
13.1%9.5%15.0%12.1%
10.3−0.43.8
9.811.312.910.2
3.74.14.95.9
−0.90.6−0.50.4
32.928.163.758.1
24.7%25.5%25.7%25.7%
24.720.947.343.2
–minus 15.3%+125.8%minus 8.7%
8.957.5817.1217.46

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
14.514.520.527.6
79.5100142563
96.692.114945.4
30.739.455.271.3
221247366707
33.841.151.280.7
0.31.71211.2
–––57.7
0.16.80.45.8
187197303552
221247366707

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
27.436.6−30.1−101
4.2−12.6−18.3−158
−33.7−17.641.8264
−2.16.3−6.65.4
−3.4−11.6−12.3−36.9
2425−42.4−138

Shareholding pattern

Source: NSE filings
74.8%
promoters
  • Promoters74.79%
  • Public25.21%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202674.79%25.21%0.00
30 Jun 202674.79%25.21%0.00
31 Mar 202674.79%25.21%0.00
31 Dec 202574.79%25.21%plus 0.35
30 Sep 202574.44%25.56%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you