Revised Presentation -MEIL

Mgmt Guided Margin PressureInvestor Communications 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.

Price reaction · full curve 14 horizons · vs prior close

-3.2%1-day move

₹310.90

prior close

₹309.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-3.2-2.8-2.3-1.9-3.2+0.3+2.6+4.2+2.3+4.5+1.0-0.3-3.5—

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AI summary

Mangal Electrical Industries released its FY26 investor presentation showing revenue of ₹579.7 Crs with EBITDA of ₹68.3 Crs (11.8% margin) and PAT of ₹43.2 Crs (7.4% margin). While the company achieved 20% volume growth in its core CRGO processing business, declining CRGO prices throughout FY26 resulted in muted value growth and impacted profitability compared to FY25's stronger margins. The company listed on NSE & BSE in August 2025 and received PGCIL approval for CRGO processing up to 765kV class. A greenfield transformer plant is under implementation to move up the value chain, and VCBs were added to the product portfolio. The company operates 5 manufacturing facilities in Rajasthan with total CRGO processing capacity of 28,000 MT.

Likely market impact

The stock may face pressure near-term due to margin contraction from falling raw material prices, but long-term outlook appears supported by India's planned ₹9+ lakh crore T&D capex and renewable energy expansion driving transformer component demand.