Mangal Electrical Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on May 13, 2026.
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Mangal Electrical Industries Limited reported FY26 results with revenue from operations of Rs 57,968 Lakhs, up 5.5% YoY from Rs 54,942 Lakhs in FY25. Profit Before Tax declined 8.8% to Rs 5,812 Lakhs (vs Rs 6,371 Lakhs) and Profit After Tax fell 8.7% to Rs 4,317 Lakhs (vs Rs 4,731 Lakhs). EPS dropped to Rs 17.46 from Rs 23.08. The auditor gave an unmodified (clean) opinion on the financial statements. The company also launched MEIL-ESOP 2025 with up to 15 lakh stock options for employees, subject to shareholder approval. Total assets nearly doubled to Rs 70,705 Lakhs (vs Rs 36,646 Lakhs), boosted by IPO proceeds of Rs 400 crore listed in August 2025. IPO utilization shows Rs 309.34 crore deployed out of Rs 400 crore with Rs 90.66 crore remaining unutilized.
The PAT decline of 8.7% and significant trade receivable buildup (Rs 20,440 Lakhs vs Rs 12,935 Lakhs) may concern investors, though the clean audit and IPO funds deployment provide some comfort. The ESOP plan aligns employee interests with shareholders but creates future dilution risk.