Financial Results
Mangal Electrical Publishes Q2 FY27 Results Notice
Mangal Electrical Industries published newspaper notices for its standalone unaudited financial results for the quarter and half year ended September 30, 2026.
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Mangal Electrical Industries Ltd (MEIL) is currently trading at 255.70 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Mangal Electrical Industries Limited manufactures and processes transformer components and medium-power transformers, and offers EPC services for electrical sub-stations, operating five manufacturing facilities in Rajasthan and producing CRGO, amorphous cores, ICBs, VCBs and transformers across domestic and export markets. Despite industry-level CRGO price declines in FY26, Mangal Electrical delivered 20% volume growth in core products and reported FY26 revenue of ₹579.7 crore, reflecting resilience in volumes but margin compression from falling input/product prices that muted value and profitability on a year-over-year basis. The company has materially upgraded technical credentials with PGCIL approval to process CRGO up to 765 kV class, NTPC/Adani/ReNew approvals, and an expanding product portfolio that now includes vacuum circuit breakers, positioning Mangal Electrical to pursue higher-kV and utility-scale opportunities. Balance sheet dynamics changed sharply in FY26 with reported cash and equivalents rising to ₹152.0 crore and total debt declining to ₹45.4 crore, while net worth expanded substantially; these shifts indicate either capital raises or working capital rebalancing and provide optionality for the greenfield transformer plant implementation and further capacity additions. Mangal Electrical is targeting the larger T&D opportunity created by India’s planned transmission capex and an 8.2% projected industry CAGR, and is moving up the value chain through forward and backward integration to capture higher-margin, large-kV transformer manufacturing and EPC contracts.
Over the past 52 weeks, Mangal Electrical Industries Ltd has traded between a low of ₹206.20 and a high of ₹483.40. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Mangal Electrical Industries Ltd has a market capitalization of approximately 682.88. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Mangal Electrical Industries Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 15.30 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 682.88 Cr, Mangal Electrical Industries Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Mangal Electrical Industries Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Mangal Electrical Industries Ltd is 15.30. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Mangal Electrical’s profit for the period fell to Rs 10.97 crore from Rs 13.30 crore in the September 2025 quarter. Materials consumed rose to Rs 120.64 crore, stock-in-trade purchases increased to Rs 16.70 crore and employee benefit expense reached Rs 8.21 crore. The EPC segment also reported a Rs 1.15 crore loss.
Mangal Electrical had spent Rs 12.06 crore on Unit IV capital expenditure by September 30, 2026. The IPO allocation for the expansion, including civil works, was Rs 87.86 crore, leaving Rs 75.80 crore unutilised.
Mangal Electrical Industries Ltd has scheduled its next board meeting for October 31, 2026. Mangal Electrical Industries will consider unaudited financial results for the quarter and half year ended September 30, 2026.
Financial Results
Mangal Electrical Industries published newspaper notices for its standalone unaudited financial results for the quarter and half year ended September 30, 2026.
Regulatory/Compliance Filing
Mangal Electrical Industries reported no deviation or variation in the utilisation of ₹40,000 lakh raised through its IPO for the quarter ended September 30, 2026.
Financial Results
Mangal Electrical Industries reported Q2 FY27 revenue of ₹168.6 crore and PAT of ₹11 crore, while announcing plans for a ₹25 crore radiator manufacturing facility by H1 FY28.
Financial Results
Mangal Electrical Industries approved unaudited standalone financial results for the quarter and half year ended September 30, 2026, and noted the IPO proceeds monitoring report.
Other
Mangal Electrical Industries granted 2,00,000 employee stock options under MEIL-ESOP 2025 at an exercise price of Rs. 240 per option.
Electrical Equipment
Other Electrical Equipment
707 Cr
High Risk
15.8
46.0
0.8
1.1
483.40
206.20
Sales CAGR
Profit CAGR
ROE
ROCE