MEIL Share Price | Mangal Electrical Industries Ltd Stock Analysis & Recommendation

Q: Are Mangal Electrical Industries Ltd latest results good or bad?

The latest results for Mangal Electrical Industries Ltd indicate a mixed performance. On one hand, the company achieved a significant increase in net sales, reaching ₹179.42 crores in Q4 FY26, which is a 14.81% rise compared to the previous quarter and a 17.24% increase year-on-year. This suggests strong demand for their electrical products and marks the highest quarterly revenue in the company's recent history.However, the profitability metrics present a concerning picture. The net profit for the quarter was ₹12.75 crores, which reflects a decline of 4.78% from the previous quarter and an 8.47% decrease year-on-year. The operating margin also suffered, falling to 9.84%, down from 12.08% in the previous quarter and significantly lower than 14.76% a year ago. This sharp decline in margins indicates that while sales are growing, the company is facing severe cost pressures that are eroding profitability.Overall, while the revenue growth is a positive sign, the decline in net profit and operating margins raises significant concerns about the company's ability to manage costs and maintain profitability. Therefore, the latest results could be viewed as more negative than positive, highlighting the need for the company to address these operational challenges effectively.

Q: Should I buy, sell or hold Mangal Electrical Industries Ltd?

Based on the current analysis of Mangal Electrical Industries Ltd, it would be advisable to hold your position in the stock. The company demonstrates strong long-term fundamental strength, highlighted by an impressive average Return on Equity (ROE) of 25.51%. Additionally, its valuation appears attractive with a Price to Book Value ratio of 1.4.However, there are some concerns to consider. The company's profits have declined by 9% over the past year, and the operating profit to net sales ratio has reached a low of 9.84%. Furthermore, there has been a decrease in institutional investor participation, with their stake dropping by 1.59% recently. This trend may indicate a lack of confidence among more experienced investors.Given these factors, while the company has strong fundamentals, the decline in profits and institutional interest suggests that a hold strategy may be the most prudent approach for now.

Technical Trend Update: Mangal Electrica witnessed a change in Technical Grade on 02 Jun 2026. Click here to discover latest technical change!

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

15.84 k (-44.35%) Volume

Shareholding (Mar 2026)

FII

2.20%

Held by 6 FIIs

DII

4.43%

Held by 0 DIIs

Promoter

74.79%

When is the next results date for Mangal Electrical Industries Ltd?

07-May-2026

The next results date for Mangal Electrical Industries Ltd is 13 May 2026.

View full answer

Are Mangal Electrical Industries Ltd latest results good or bad?

15-May-2026

Mangal Electrical Industries Ltd reported strong net sales growth of 14.81% quarter-on-quarter, reaching ₹179.42 crores, but faced a decline in net profit by 4.78% and a drop in operating margins, indicating significant cost pressures. Overall, while revenue growth is positive, the profitability decline raises concerns about the company's financial health.

View full answer

Should I buy, sell or hold Mangal Electrical Industries Ltd?

15-May-2026

Which are the latest news on Mangal Electrica?

03-Jun-2026

Mangal Electrical Industries Ltd Shows Mildly Bullish Momentum Amid Technical Upgrades
Mangal Electrical Industries Ltd Technical Momentum Shifts Amid Sideways Trend

Why is Mangal Electrical Industries Ltd falling/rising?

04-Jun-2026

As of 03-Jun, Mangal Electrical Industries Ltd's stock price is 317.15, down 2.3%. Despite a recent positive return over the past month, the year-to-date decline of 14.62% and reduced investor participation indicate a challenging outlook.

View full answer

Compare Mangal Electrica with Similar Stocks

Viviana Power Hindusthan Insul Modison

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.66 times

Poor long term growth as Operating profit has grown by an annual rate 37.47% of over the last 5 years

Flat results in Mar 26

With ROE of 7.3, it has a Very Attractive valuation with a 1.5 Price to Book Value

Falling Participation by Institutional Investors

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Other Electrical Equipment

Market cap

INR 912 Cr (Micro Cap)

P/E

21.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.08

Return on Equity

7.31%

Price to Book

1.49

Revenue and Profits:

Net Sales:

179 Cr

(Quarterly Results - Mar 2026)

Net Profit:

13 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

33.99%

6 Months

-13.33%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

0.0%

Mangal Electrica for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

Mangal Electrical Industries Ltd Shows Mildly Bullish Momentum Amid Technical Upgrades

Mangal Electrical Industries Ltd, a micro-cap player in the Other Electrical Equipment sector, has witnessed a notable shift in its technical momentum, moving from a sideways trend to a mildly bullish stance. This change is underscored by improvements in key technical indicators such as the MACD and Bollinger Bands on the weekly chart, alongside a recent upgrade in its MarketsMOJO grade from Sell to Hold, signalling a cautious but positive outlook for investors.

Read full news article

Mangal Electrical Industries Ltd Technical Momentum Shifts Amid Sideways Trend

Mangal Electrical Industries Ltd, a micro-cap player in the Other Electrical Equipment sector, has experienced a notable shift in its technical momentum, transitioning from a mildly bullish stance to a sideways trend. Despite a recent downgrade in daily price performance, the stock’s technical indicators reveal a complex picture that investors should carefully analyse amid broader market volatility.

Read full news article

Mangal Electrical Industries Ltd is Rated Hold

Mangal Electrical Industries Ltd is rated 'Hold' by MarketsMOJO, with this rating last updated on 04 May 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 30 May 2026, providing investors with an up-to-date view of the company’s fundamentals, valuation, financial trend, and technical outlook.

Read full news article

Announcements

No announcement available

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

24.50%

EBIT Growth (5y)

37.47%

EBIT to Interest (avg)

4.24

Debt to EBITDA (avg)

1.10

Net Debt to Equity (avg)

0.92

Sales to Capital Employed (avg)

1.18

Tax Ratio

25.71%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

6.63%

ROCE (avg)

17.66%

ROE (avg)

25.51%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.52

EV to EBIT

13.64

EV to EBITDA

12.46

EV to Capital Employed

1.56

EV to Sales

1.47

PEG Ratio

Dividend Yield

ROCE (Latest)

11.46%

ROE (Latest)

7.31%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

RSI

No Signal

Bollinger Bands

Bullish

KST

Dow Theory

No Trend

OBV

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 6 FIIs (2.2%)

Promoter with highest holding

Rahul Mangal (30.48%)

Highest Public shareholder

Abakkus Diversified Alpha Fund (2.89%)

Individual Investors Holdings

14.93%

Financial

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Quarterly Results Snapshot (Standalone) - Mar'26 - QoQ

Mar'26

Dec'25

Change(%)

Net Sales

179.42

156.27

14.81%

Operating Profit (PBDIT) excl Other Income

17.66

18.88

-6.46%

Interest

1.82

1.88

-3.19%

Exceptional Items

0.00

Standalone Net Profit

12.75

13.39

-4.78%

Operating Profit Margin (Excl OI)

9.84%

12.08%

-2.24%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Mar 2026 is 14.81% vs 1.26% in Dec 2025

Standalone Net Profit

QoQ Growth in quarter ended Mar 2026 is -4.78% vs 0.68% in Dec 2025

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

243.99

247.02

-1.23%

Operating Profit (PBDIT) excl Other Income

31.82

35.17

-9.53%

Interest

7.93

7.36

7.74%

Exceptional Items

0.00

Standalone Net Profit

17.03

19.73

-13.68%

Operating Profit Margin (Excl OI)

13.04%

14.24%

-1.20%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

400.26

396.39

0.98%

Operating Profit (PBDIT) excl Other Income

50.70

59.25

-14.43%

Interest

9.81

12.23

-19.79%

Exceptional Items

0.00

Standalone Net Profit

30.42

33.37

-8.84%

Operating Profit Margin (Excl OI)

12.67%

14.95%

-2.28%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'26

Mar'26

Mar'25

Change(%)

Net Sales

579.68

549.42

5.51%

Operating Profit (PBDIT) excl Other Income

68.35

81.84

-16.48%

Interest

11.62

15.18

-23.45%

Exceptional Items

0.00

Standalone Net Profit

43.17

47.31

-8.75%

Operating Profit Margin (Excl OI)

11.79%

14.90%

-3.11%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2026 is 5.51% vs 22.23% in Mar 2025

Standalone Net Profit

YoY Growth in year ended Mar 2026 is -8.75% vs 125.82% in Mar 2025

All Annual Results

Company CV

About Mangal Electrical Industries Ltd

Mangal Electrical Industries Ltd

Micro Cap

Other Electrical Equipment

Mangal Electrical Industries Limited was originally formed as a partnership firm constituted under the Indian Partnership Act, 1932 on April 28, 1989 under the name and the style of "Mangal Electrical Industries". Thereafter, the partnership Firm was converted into a Private Limited Company as `Mangal Electrical Industries Private Limited' dated April 1, 2008 issued by the RoC.

Company Coordinates

No Company Details Available