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Swing Capital

Mangal Electrical Industries Ltd

NSE: MEIL BSE: 544492

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

₹298
52W: ₹206 — ₹574
PE 19.1 · Book ₹214 · +39% vs book
Market Cap₹823 Cr
Stock P/E19.1Price to Earnings
ROCE14.7%Return on Capital
ROE11.5%Return on Equity
Div. Yield0%Face Value ₹10

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

Shareholding Pattern

Promoters74.79%
FIIs2.19%
DIIs4.43%
Public18.58%
CategorySep 2025Dec 2025Mar 2026
Promoters74.44%74.79%▲0.474.79%
FIIs2.39%2.03%▼0.42.19%▲0.2
DIIs6.68%6.19%▼0.54.43%▼1.8
Public16.47%16.99%▲0.518.58%▲1.6

Financial Statements

MetricJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales11413314915390154156179
Expenses10310912513080132137162
Operating Profit1124242310221918
OPM %10%18%16%15%11%14%12%10%
Net Profit51414144131313
EPS ₹2.666.976.656.81.824.814.854.61

AI Insights

Revenue Trend

Mar 2026 revenue at ₹580Cr, up 5.6% YoY. OPM at 12%.

Debt Position

Borrowings at ₹45Cr. Debt-to-equity ratio: 0.08x. Healthy balance sheet.

Capex Cycle

CWIP at ₹9Cr (13% of fixed assets). Moderate ongoing capital expenditure.

Margin & Efficiency

ROCE improving from 0% (Mar 2020) to 15% (Mar 2026). Working capital days: 225.

Valuation

PE 19.1x with 14.7% ROCE. Price is 39% above book value of ₹214. Dividend yield: 0%.

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