Mangal Electrical Industries Limited

Mangal Electrical Industries Limited (MEIL) is a micro-cap Capital Goods company valued at ₹776 crore operating in Other Electrical Equipment on the NSE and BSE.

Recent price move

Mangal Electrical Industries Limited last traded at ₹281.3, modestly down 0.72% on the day.

Recent developments

On 2026-08-29, Transformers & Rectifiers secured a purchase order worth up to ₹500 crore from Megha Engineering and Infrastructures, adding to its order book. On 2026-07-06, MEIL completed the largest concrete pour for a pressurised heavy water reactor at NPCIL's Kaiga plant, involving 7,250 cubic meters of concrete.

Financial performance

The company's annual revenue rose 5.6% to ₹580 crore, while annual net profit fell 8.1% to ₹43 crore. The latest quarter saw revenue jump 40.3% to ₹126 crore and net profit surge 101.6% to ₹8 crore, indicating strong recent growth despite a decline in annual net profit.

Valuation multiples

The stock trades at 16.1 times earnings, 1.31 times book value.

Things to watch

The company's net profit margin narrowed 1.1 percentage points to 7.4%, and it has not paid dividends despite repeated profits. The stock is 47.1% below its 52-week high, and foreign institutional holdings dropped 0.92 percentage points in the quarter.

Where it stands

MEIL reported strong quarterly growth with revenue up 40.3% and net profit up 101.6%, but annual net profit fell 8.1%. The stock is significantly below its 52-week high, and the company has not distributed dividends despite profitability. The largest reported figure is the recent ₹500 crore order win.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.