Outcome of the Meeting of Board of Directors of Mangal Electrical Industries Limited ('the Company')

Revenue Growth 20pctPat NegativeEbitda Margin CompressionResults View source PDF

MEIL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹332.10

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₹310.90

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AI summary

Mangal Electrical Industries reported FY26 audited results with total income of ₹5,869.89 crore, up 5.5% from ₹5,513.90 crore in FY25. However, profit after tax declined 8.7% to ₹431.71 crore from ₹473.07 crore. Basic EPS fell to ₹17.46 from ₹23.08 in the prior year. The Board approved the MEIL-ESOP 2025 with up to 15 lakh stock options for eligible employees, subject to shareholder approval. Directors Mr. Ashish Mangal and Mr. Sumer Singh Punia are recommended for re-appointment. The company's IPO proceeds of ₹400 crore have been utilized to ₹309.34 crore (77.3%), with ₹90.66 crore remaining unutilized as of March 31, 2026. The auditor gave an unmodified (clean) opinion.

Likely market impact

The company showed revenue growth but faced profitability decline with significant EPS erosion. EBITDA margins appear compressed year-on-year. Clean audit opinion provides comfort on financial reporting integrity.