Mangal Electrical Industries Limited

NSE: MEIL · Other Electrical Equipment

52W Range₹206 ₹495

Snapshot

Unlock Mangal Electrical Industries Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Mangal Electrical Industries Limited manufactures and trades a diverse range of electrical transformers, CRGO steel products, and transformer components. The company also provides comprehensive engineering, procurement, and construction services for electrical sub-stations to power utilities and infrastructure developers.

Business Model

The company generates revenue through the manufacturing and sale of electrical equipment and steel products, alongside providing specialized EPC services for power infrastructure projects. It serves a broad client base including industrial conglomerates and public sector enterprises.

  • Transformer Capacity Range:5 KVA to 10 MVA
  • Founded:1989

Growth Outlook

Growth is driven by the increasing demand for power infrastructure development and the need for electrical sub-station upgrades across India. The company leverages its technical expertise in transformer manufacturing and customized engineering solutions to capture market share in the utility and industrial sectors.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of CRGO steel and other core electrical materials can significantly impact manufacturing margins.
  • Project Execution Risk. The EPC business segment is subject to delays and cost overruns associated with large-scale infrastructure project implementation.
  • Competitive Intensity. The electrical equipment sector is highly fragmented, leading to intense price competition from both domestic and international manufacturers.
  • Regulatory and Policy Risk. Changes in government power sector policies and infrastructure spending priorities can directly affect the company's order book.

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Key Metrics

P/E

15.5x

Q1 FY27 · standalone

15.5 vs 15.9x5Y avg

EV/EBITDA

10.6x

Q1 FY27 · standalone

10.6 vs 10.7x5Y avg

NET PROFIT MARGIN

6.0%

Q1 FY27 · standalone

+1.8 ppYoY

Peers · Other Electrical Equipment

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Mangal Electrical Industries LimitedMEIL
₹788 Cr15.5210.5512.7%8.0%12.2%-48.7%
Kirloskar Electric Company LimitedKECL
₹840 Cr111.8720.673.4%7.9%6.0%15.3%+8.4%
Prostarm Info Systems LimitedPROSTARM
₹793 Cr21.4215.5213.9%18.3%26.1%-28.5%
Permanent MagnetPERMAGN
₹764 Cr50.6418.8510.3%18.9%10.0%14.6%-11.8%
GEE Ltd.GEE
₹709 Cr-9.6%12.2%10.5%17.3%-24.4%
Spel SemiconductSPELS
₹689 Cr-29.88-194.04-13.0%-48.4%-100.3%-29.0%-27.8%

As of Q1 FY27

Financials