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 FY2026 revenue of Rs 5,797 lakh (up 5.5% from Rs 5,494 lakh in FY2025), with PAT declining 8.7% to Rs 432 lakh due to increased material costs and EPC project expenses. EBITDA margin compressed from 15.2% to 13.1%. The company completed its IPO (August 2025) raising Rs 400 crore; as of March 31, 2026, Rs 309.34 crore (77.3%) utilized with Rs 90.66 crore unutilized. Total assets nearly doubled to Rs 7,071 lakh from Rs 3,665 lakh, largely due to IPO proceeds. Board approved MEIL-ESOP 2025 for up to 15 lakh options and re-appointed Cost Auditors M/s Maharwal & Associates for FY2026-27. Auditor A Bafna & Co issued an unmodified opinion. Cash flow from operations turned negative at Rs 1,014 lakh due to working capital buildup in trade receivables and inventory.
Stock shows revenue growth but PAT declined due to margin compression from higher input costs. IPO proceeds are being deployed as planned with no material deviations reported. Negative operating cashflow warrants monitoring.