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Mangal Electrical Industries Limited
(MEIL)
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Rating:61Neutral
Price Target:
₹284.00
▼(-6.05% Downside)
Action:Reiterated
Date:08/27/26
The score is primarily held back by weak cash generation (negative operating and free cash flow in FY2025 and FY2026, worsening in FY2026) despite strong FY2026 revenue growth and improved leverage. Technicals are mixed with negative MACD and price below the 200-day average, while valuation appears moderate on a 15.16 P/E.
Positive Factors
Revenue Growth
An 88.6% FY2026 revenue increase indicates strong expansion in the company’s current business activity and customer demand. If sustained, this scale can improve operating leverage, broaden market position, and provide a larger base from which to compound future earnings.
Negative Factors
Cash Generation
Negative operating and free cash flow in both FY2025 and FY2026, with FY2026 cash burn worsening materially, shows that reported profits are not converting into liquidity. Persistent conversion weakness can increase reliance on external funding and constrain investment flexibility even with low leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
An 88.6% FY2026 revenue increase indicates strong expansion in the company’s current business activity and customer demand. If sustained, this scale can improve operating leverage, broaden market position, and provide a larger base from which to compound future earnings.
Read all positive factors
Mangal Electrical Industries Limited (MEIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹7.44B
Dividend YieldN/A
Average Volume (3M)11.73K
Price to Earnings (P/E)15.8
Beta (1Y)1.06
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees810
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)9.85
Shares Outstanding27,630,123
10 Day Avg. Volume4,900
30 Day Avg. Volume11,728
Financial Highlights & Ratios
PEG Ratio6.72
Price to Book (P/B)0.98
Price to Sales (P/S)0.99
P/FCF Ratio-4.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mangal Electrical Industries Limited Business Overview & Revenue Model
Company Description
Mangal Electrical Industries Ltd. (MEIL) is a manufacturer and global trader of various electrical goods, including transformers, cold rolled grain oriented (CRGO) electrical steel, and related accessories, all sold under the "Mangal Electrical" b...
Mangal Electrical Industries Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
84
Very Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 3.07B | 5.80B | 5.49B |
| Gross Profit | 678.17M | 1.22B | 1.26B |
| EBITDA | 438.60M | 756.60M | 814.98M |
| Net Income | 272.32M | 431.71M | 473.07M |
Balance Sheet | |||
| Total Assets | 6.82B | 7.07B | 3.66B |
| Cash, Cash Equivalents and Short-Term Investments | 1.74B | 952.12M | 4.40M |
| Total Debt | 675.29M | 454.31M | 1.49B |
| Total Liabilities | 1.18B | 1.17B | 2.04B |
| Stockholders Equity | 5.64B | 5.90B | 1.62B |
Cash Flow | |||
| Free Cash Flow | -1.01B | -1.38B | -424.11M |
| Operating Cash Flow | -607.75M | -1.01B | -300.92M |
| Investing Cash Flow | -1.60B | -1.58B | -183.26M |
| Financing Cash Flow | 3.22B | 2.64B | 418.18M |
Mangal Electrical Industries Limited Technical Analysis
Negative
302.30
Price Trends
283.74
Negative
298.94
Negative
299.27
Negative
Market Momentum
-2.20
Positive
40.98
Neutral
19.75
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MEIL, the sentiment is Negative. The current price of 302.3 is above the 20-day moving average (MA) of 280.42, above the 50-day MA of 283.74, and above the 200-day MA of 299.27, indicating a bearish trend. The MACD of -2.20 indicates Positive momentum. The RSI at 40.98 is Neutral, neither overbought nor oversold. The STOCH value of 19.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MEIL.
Mangal Electrical Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹2.52B | 9.72 | ― | 0.72% | 35.25% | 31.03% | |
72 Outperform | ₹133.51B | 49.04 | ― | 1.69% | 8.28% | 1.08% | |
62 Neutral | ₹91.07B | 94.34 | ― | ― | 64.04% | 78.68% | |
62 Neutral | ₹46.96B | 83.07 | ― | 0.19% | ― | ― | |
61 Neutral | ₹7.44B | 15.77 | ― | ― | ― | ― | |
57 Neutral | ₹7.93B | 108.65 | ― | ― | 3.38% | 234.48% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:MEIL
Mangal Electrical Industries Limited
273.40
-216.60
-44.20%
IN:INGERRAND
Ingersoll-Rand (India) Limited
4,159.35
261.09
6.70%
IN:KECL
Kirloskar Electric Co. Ltd.
122.85
3.15
2.63%
IN:KRN
Krn Heat Exchanger and Refrigeration Limited
1,447.85
564.00
63.81%
IN:SPECTRUM
Spectrum Electrical Industries Limited
3,078.75
1,657.10
116.56%
IN:VETO
Veto Switchgears & Cables Ltd.
138.60
18.90
15.79%
Mangal Electrical Industries Limited Corporate Events
Mangal Electrical Industries Secures CARE A- and A2+ Credit Ratings for Bank Facilities
Sep 2, 2026
Mangal Electrical Industries Limited has disclosed that CARE Ratings Limited has assigned credit ratings to its bank facilities, with long-term facilities of ₹1.87 crore rated CARE A-; Stable and combined long-term/short-term facilities of &...
Mangal Electrical Industries Posts Strong Q1 FY27 Growth and Expands Transformer Capacity
Jul 30, 2026
Mangal Electrical Industries Limited reported unaudited Q1 FY27 results showing revenue from operations rising to ₹125.8 crore, up 40% year-on-year, and profit after tax doubling to ₹7.5 crore, driven by healthy volume growth and impro...
Mangal Electrical Industries Clears Quarterly Results, Sets AGM and Revamps Governance Framework
Jul 29, 2026
Mangal Electrical Industries Limited has approved its unaudited financial results for the quarter ended June 30, 2026, alongside the Board’s report for the year to March 31, 2026, signaling completion of key financial and regulatory reportin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.