Mangal Electrical Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Mangal Electrical Industries reported FY2026 revenue of Rs.5,797 lakh (up 5.5% from Rs.5,494 lakh), but profit after tax declined 8.7% to Rs.432 lakh from Rs.473 lakh in FY2025. EPS dropped significantly to Rs.17.46 from Rs.23.08 per share (down 24%). The company completed its IPO in August 2025 raising Rs.400 crore, with Rs.309 crore utilized by March 2026. The Board approved ESOP 2025 for up to 15 lakh options and re-appointed two directors (Mr. Ashish Mangal and Mr. Sumer Singh Punia). Statutory auditors issued an unmodified (clean) opinion on the financial statements.
The 24% decline in EPS despite modest revenue growth indicates margin compression, which may concern investors. However, the clean audit opinion and IPO fund utilization with no material deviations provide some comfort. The ESOP scheme could help retain talent but will dilute shareholder value upon exercise.