Want to see IN:MEIL full AI Analyst Report?
Top Page
Mangal Electrical Industries Limited
(MEIL)
Select Model
Select Model
Rating:61Neutral
Price Target:
₹279.00
▼(-7.71% 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
Rapid Revenue Growth
The sharp FY2026 revenue increase indicates strong recent business expansion and potentially greater customer or market penetration. If this scale of growth is sustained, it can support operating leverage, strengthen competitive positioning, and provide a larger base for future earnings generation.
Negative Factors
Persistent Cash Burn
Sustained negative operating and free cash flow indicate that reported profits are not converting into cash effectively. Continued cash burn can increase reliance on external funding, constrain investment flexibility, and create liquidity pressure even though reported leverage is currently low.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid Revenue Growth
The sharp FY2026 revenue increase indicates strong recent business expansion and potentially greater customer or market penetration. If this scale of growth is sustained, it can support operating leverage, strengthen competitive positioning, and provide a larger base for future earnings generation.
Read all positive factors
Mangal Electrical Industries Limited (MEIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹7.30B
Dividend YieldN/A
Average Volume (3M)10.52K
Price to Earnings (P/E)15.9
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. Volume2,590
30 Day Avg. Volume10,523
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 | 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 | 438.60M | 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
Positive
302.30
Price Trends
276.49
Negative
292.16
Negative
292.04
Negative
Market Momentum
-4.16
Positive
51.62
Neutral
33.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MEIL, the sentiment is Positive. The current price of 302.3 is above the 20-day moving average (MA) of 271.52, above the 50-day MA of 276.49, and above the 200-day MA of 292.04, indicating a neutral trend. The MACD of -4.16 indicates Positive momentum. The RSI at 51.62 is Neutral, neither overbought nor oversold. The STOCH value of 33.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | ₹2.65B | 9.67 | ― | 0.72% | 35.25% | 31.03% | |
72 Outperform | ₹130.80B | 48.56 | ― | 1.82% | 8.28% | 1.08% | |
63 Neutral | ₹61.58B | 106.69 | ― | 0.19% | ― | ― | |
61 Neutral | ₹7.30B | 15.93 | ― | ― | ― | ― | |
61 Neutral | ₹95.93B | 96.82 | ― | ― | 64.04% | 78.68% | |
57 Neutral | ₹8.50B | 114.19 | ― | ― | 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
274.35
-174.95
-38.94%
IN:INGERRAND
Ingersoll-Rand (India) Limited
4,118.75
191.68
4.88%
IN:KECL
Kirloskar Electric Co. Ltd.
129.15
10.40
8.76%
IN:KRN
Krn Heat Exchanger and Refrigeration Limited
1,483.50
651.20
78.24%
IN:SPECTRUM
Spectrum Electrical Industries Limited
3,926.00
2,594.00
194.74%
IN:VETO
Veto Switchgears & Cables Ltd.
138.00
21.70
18.65%
Mangal Electrical Industries Limited Corporate Events
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 inte...
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.