Mangal Electrical Industries Limited has informed the Exchange about General Updates
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Mangal Electrical Industries, a transformer components manufacturer and transformer maker with 5 production facilities in Rajasthan, reported FY26 revenue of Rs 579.7 crore with EBITDA of Rs 68.3 crore (11.8% margin) and PAT of Rs 43.2 crore (7.4% margin). The company achieved 20% volume growth in its core CRGO product despite challenging market conditions from declining CRGO prices throughout the year, which impacted profitability. It has expanded CRGO processing capacity and is setting up a greenfield transformer plant to upgrade capabilities to 132kV/100 MVA class transformers. The company listed on NSE and BSE in August 2025. Management sees strong industry tailwinds with India's transformer market expected to grow at 8.2% CAGR and Rs 9+ lakh crore transmission capex planned till 2032.
The stock may see mixed reactions - strong volume growth and favorable industry outlook are positives, but declining CRGO prices squeezing margins and the challenging market environment in FY26 may concern near-term focused investors. The upcoming transformer manufacturing capacity and higher KV class approvals position the company for medium-term growth.