Mangal Electrical Industries Limited has informed the Exchange about General Updates
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Mangal Electrical Industries reported FY26 revenue of ₹579.7 Crs with 23% revenue CAGR over FY22-26, though EBITDA margin declined to 11.8% from 14.9% in FY25 due to falling CRGO prices throughout the year. Despite achieving 20% volume growth in core products, price deceleration muted value growth and impacted profitability. The company operates five production facilities in Rajasthan, processing CRGO steel and manufacturing transformer components, breakers, and transformers with EPC services. Management highlighted capacity expansion of CRGO processing lines completed in Q4, a greenfield transformer plant under implementation, and plans to expand into higher 132 kV/100 MVA class transformers. The company recently listed on NSE and BSE in August 2025 and serves 100+ customers including NTPC, Adani, and ReNew Power.
The margin compression from 14.9% to 11.8% despite revenue growth signals pricing pressure in the CRGO market, which could weigh on near-term profitability even as the company scales operations. The expansion plans and tailwinds in power infrastructure may support long-term growth prospects.