Mangal Electrical Industries Limited (MEIL) AI Stock Analysis

Mangal Electrical Industries Limited

(NSE:MEIL)

Select Model

Rating:65.4Neutral

Price Target:INR 264.00▲(7.69% Upside)

Action:downgraded

Date:08/27/26

The overall score reflects a fundamentally strong business with rapid revenue growth, solid profitability, and a very conservative balance sheet, tempered by weak cash flow conversion that increases execution and funding risk. Technical signals are mildly constructive but not strongly bullish, and a mid-teens P/E without a dividend offers a fair, but not compelling, valuation.

Positive Factors

Revenue GrowthThe sharp FY2026 revenue increase indicates strong recent expansion in the company’s business activity and customer demand. If maintained, this larger revenue base can support operating scale, improve capacity utilization, and provide a foundation for continued earnings growth over the next several quarters.

Negative Factors

Weak Cash GenerationPersistent negative operating and free cash flow means reported profits are not translating into cash generation. The worsening FY2026 cash burn can increase reliance on funding sources, constrain reinvestment capacity, and weaken liquidity resilience even though reported leverage is currently low.

Mangal Electrical Industries Limited (MEIL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 6.82B
Dividend Yield: ―
Average Volume (3M): 8,681
Price to Earnings (P/E): 14.3
Beta (1Y): 1.18
Revenue Growth: ―
EPS Growth: ―
Country: India
Employees: 810
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

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" bran...

Mangal Electrical Industries Limited Financial Statement Overview

Summary

Strong revenue growth and solid profitability, supported by a much lower debt load and higher equity, are offset by persistently weak cash generation with negative operating and free cash flows.

Income Statement

83Very Positive

Balance Sheet

90Very Positive

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	3.07B	5.80B	5.49B	4.49B	3.54B	2.57B
Gross Profit	678.17M	1.22B	1.26B	779.45M	765.09M	549.39M
EBITDA	450.29M	756.60M	814.98M	435.33M	463.87M	262.98M
Net Income	272.32M	431.71M	473.07M	209.49M	247.38M	91.95M
Balance Sheet
Total Assets	6.82B	7.07B	3.66B	2.47B	2.21B	2.42B
Cash, Cash Equivalents and Short-Term Investments	1.74B	952.12M	4.40M	70.39M	7.07M	27.88M
Total Debt	675.29M	454.31M	1.49B	921.20M	966.38M	1.19B
Total Liabilities	1.18B	1.17B	2.04B	1.32B	1.27B	1.72B
Stockholders Equity	5.64B	5.90B	1.62B	1.15B	939.72M	692.15M
Cash Flow
Free Cash Flow	-1.01B	-1.38B	-424.11M	249.88M	240.17M	67.90M
Operating Cash Flow	-607.75M	-1.01B	-300.92M	365.61M	273.94M	111.37M
Investing Cash Flow	-1.60B	-1.58B	-183.26M	-126.25M	42.50M	-13.93M
Financing Cash Flow	3.22B	2.64B	418.18M	-176.04M	-337.24M	-71.20M

Mangal Electrical Industries Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price245.15

Price Trends

50DMA271.08Negative

100DMA283.24Negative

200DMA283.45Negative

Market Momentum

MACD-7.66Positive

RSI38.45Neutral

STOCH25.66Neutral

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 245.15 is below the 20-day moving average (MA) of 262.41, below the 50-day MA of 271.08, and below the 200-day MA of 283.45, indicating a bearish trend. The MACD of -7.66 indicates Positive momentum. The RSI at 38.45 is Neutral, neither overbought nor oversold. The STOCH value of 25.66 is Neutral, 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MEIL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:TARIL	83Outperform	INR 89.69B	29.22	―	0.08%	27.23%	21.70%
IN:VOLTAMP	76Outperform	INR 104.59B	32.39	―	0.97%	17.84%	-2.60%
IN:QPOWER	73Outperform	INR 108.18B	81.07	―	0.09%	121.98%	95.68%
IN:INDOTECH	70Outperform	INR 28.71B	29.04	―	0.37%	21.99%	28.73%
IN:MEIL	65Neutral	INR 6.77B	14.34	―	―	―	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:KECL	47Neutral	INR 6.88B	91.63	―	―	3.38%	234.48%

* General Sector Average

Performance Comparison

IN:MEIL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MEIL	Mangal Electrical Industries Limited	245.15	-219.85	-47.28%
IN:INDOTECH	Indo Tech Transformers Ltd.	2703.60	1003.06	58.98%
IN:KECL	Kirloskar Electric Co. Ltd.	103.60	-13.55	-11.57%
IN:TARIL	Transformers and Rectifiers (India) Limited	298.80	-145.70	-32.78%
IN:VOLTAMP	Voltamp Transformers Limited	10338.30	2958.63	40.09%
IN:QPOWER	Quality Power Electrical Equipments Ltd.	1396.85	402.56	40.49%

Mangal Electrical Industries Limited Corporate Events

Mangal Electrical Industries Clears Q2 FY27 Results, Strengthens Governance and Senior Management

Oct 31, 2026

Mangal Electrical Industries Limited’s board has approved the unaudited standalone financial results for the quarter and half year ended 30 September 2026, including the statement of assets and liabilities and cash flows, after review by the au...

Mangal Electrical Industries Closes Trading Window Ahead of Quarterly Results

Sep 23, 2026

Mangal Electrical Industries Limited has announced the closure of its trading window for company securities for all designated persons and their immediate relatives, in line with SEBI (Prohibition of Insider Trading) Regulations, 2015 and its interna...

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 &#83...

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.

Date of analysis: Aug 26, 2026

Mangal Electrical Industries Limited AI Stock Analysis