MEIL
Mangal Electrical Industries Limited
Transformer components and EPC contracts for electrical substations
Industrials›Capital Goods›Electrical Equipment›Other Electrical Equipment
mangals.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
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What you need to know
Mangal Electrical Industries (MEIL) makes transformer components, mainly CRGO (cold-rolled grain-oriented electrical steel) laminations, and transformers for the power infrastructure industry, and also executes engineering, procurement and construction (EPC) contracts involving electrical items.
Company snapshot
24thBy market cap
Ranked among 32 companies in Other Electrical Equipment.
What we see
- ✓Debt-to-equity of 0.08x — the company is largely funded by its own money, not borrowed funds.
- ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
Statement tables · Standalone
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Standalone only
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Sales | 90 Cr | 154 Cr | 156 Cr | 179 Cr | 126 Cr |
| Operating expenses (approx.) | 80 Cr | 132 Cr | 137 Cr | 162 Cr | 115 Cr |
| EBITDA | 10 Cr | 22 Cr | 19 Cr | 18 Cr | 11 Cr |
| OPM % | 11.1% | 14.2% | 12.1% | 9.8% | 8.8% |
| Other income | 0.25 Cr | 1 Cr | 3 Cr | 3 Cr | 2 Cr |
| Interest | 4 Cr | 4 Cr | 2 Cr | 2 Cr | 2 Cr |
| Depreciation | 1 Cr | 1 Cr | 2 Cr | 2 Cr | 0.99 Cr |
| Profit before tax | 5 Cr | 18 Cr | 18 Cr | 17 Cr | 10 Cr |
| Tax % | 26.4% | 25.4% | 25.7% | 25.9% | 25.5% |
| Net profit | 4 Cr | 13 Cr | 13 Cr | 13 Cr | 8 Cr |
| EPS (₹) | ₹1.82 | ₹5.96 | ₹5.01 | ₹4.68 | ₹2.72 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 354 Cr | 449 Cr | 549 Cr | 580 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 310 Cr | 407 Cr | 468 Cr | 511 Cr | Sign in free for the trailing twelve months |
| EBITDA | 44 Cr | 43 Cr | 82 Cr | 68 Cr | Sign in free for the trailing twelve months |
| OPM % | 12.5% | 9.5% | 14.9% | 11.8% | Sign in free for the trailing twelve months |
| Other income | 4 Cr | 3 Cr | 2 Cr | 7 Cr | Sign in free for the trailing twelve months |
| Interest | 11 Cr | 13 Cr | 15 Cr | 12 Cr | Sign in free for the trailing twelve months |
| Depreciation | 4 Cr | 4 Cr | 5 Cr | 6 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 33 Cr | 28 Cr | 64 Cr | 58 Cr | Sign in free for the trailing twelve months |
| Tax % | 24.7% | 25.5% | 25.7% | 25.7% | Sign in free for the trailing twelve months |
| Net profit | 25 Cr | 21 Cr | 47 Cr | 43 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹12.07 | ₹10.22 | ₹23.08 | ₹17.46 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | 0.0% | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity capital | 15 Cr | 15 Cr | 21 Cr | 28 Cr |
| Reserves | 79 Cr | 100 Cr | 142 Cr | 563 Cr |
| Borrowings | 97 Cr | 92 Cr | 149 Cr | 45 Cr |
| Other liabilities | 31 Cr | 39 Cr | 55 Cr | 71 Cr |
| Total liabilities | 221 Cr | 247 Cr | 366 Cr | 707 Cr |
| Fixed assets (net) | 33 Cr | 39 Cr | 39 Cr | 69 Cr |
| CWIP | — | 2 Cr | 9 Cr | 9 Cr |
| Investments | — | — | — | 0 Cr |
| Inventories | 82 Cr | 83 Cr | 148 Cr | 192 Cr |
| Trade receivables | 87 Cr | 88 Cr | 129 Cr | 204 Cr |
| Cash & bank | 0.08 Cr | 7 Cr | 0.44 Cr | 6 Cr |
| Other assets | 18 Cr | 27 Cr | 40 Cr | 226 Cr |
| Total assets | 221 Cr | 247 Cr | 366 Cr | 707 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operating activity | 27 Cr | 37 Cr | -30 Cr | -101 Cr |
| Cash from investing | 4 Cr | -13 Cr | -18 Cr | -158 Cr |
| Cash from financing | -34 Cr | -18 Cr | 42 Cr | 264 Cr |
| Net cash flow | -2 Cr | 6 Cr | -7 Cr | 5 Cr |
| Free cash flow (OCF − Capex) | 24 Cr | 25 Cr | -42 Cr | -138 Cr |
Ratios
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROCE % | 23.2% | 19.9% | 25.3% | 11.0% |
| ROE % | 26.3% | 18.2% | 29.2% | 7.3% |
| Debtor days | 90 | 72 | 86 | 128 |
| Inventory days | 110 | 92 | 146 | 170 |
| Days payable | 27 | 29 | 36 | 38 |
| Cash conversion cycle | 173 | 135 | 195 | 260 |
| OCF / EBITDA % | 61.7% | 85.8% | -36.8% | -148.3% |
| OCF / EBITDA % (3 years) | — | — | 20.1% | -49.2% |
| Debt / equity | 1.03 | 0.80 | 0.92 | 0.08 |
| Current ratio | 2.18 | 1.74 | 1.57 | 4.99 |
| Net debt / EBITDA | 2.17 | 2.00 | 1.82 | 0.58 |