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Dossier · MANGAL ELECTRICAL IND L · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
MANGAL ELECTRICAL IND L NSE: MEIL · BSE: 544492
MANGAL ELECTRICAL IND L
StateQ1 FY27 filed
Last close · 27 Oct 2026₹250.00
Market cap₹0.7k cr
TTM P/E · P/B · EV/EBITDA13.6 · 1.17 · 9.3
Manufactures and trades electrical transformers, CRGO (Cold Rolled Grain Oriented) steel laminations, and electrical accessories, which together generated ₹511.83 crore or 88.3% of FY26 segment revenue. CRGO laminations are a key input into transformer cores and are sold both internally and to external buyers. The remaining 11.7% of revenue (₹67.84 crore in FY26) comes from EPC contracts involving electrical items, where the EBIT was ₹15.76 crore on a smaller base, indicating a higher margin profile than the manufacturing segment. In Q1 FY27, total revenue rose about 40% YoY to ₹125.8 crore, with CRGO volumes growing roughly 32% even as realisations fell about 18% YoY, while transformer revenue tripled to ₹24.4 crore. Raw materials are the dominant cost, making up 71% of FY26 revenue, with employees at 4.9% and other opex at 6.9%. The company is expanding capacity — it acquired 1.4315 hectares of industrial land in Parsarampura, Sikar, Rajasthan for ₹8 crore in June 2026, with new transformer capacity targeted by end of FY27. It listed on NSE and BSE in August 2025 via an IPO of ₹400 crore, and promoters hold 74.79% of equity. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manufacturing & Trading of Electrical Transformers, CRGO, Electrical Accessories (88%), EPC Contract Involving Electrical Items (12%). Capital- and materials-intensive electrical equipment maker with vertical integration into CRGO steel laminations
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
₹ crore · standalone
FY26
Revenue
580
EBITDA (ex other income)
68
margin %
11.8
Owners' profit
43
EPS, as reported (₹)
17.46
ROE % · ROCE %
7.3 · 11.7
Debt / equity (x)
0.08
Cash from operations
(101)
Capex
(37)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · MANGAL ELECTRICAL IND L · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 5 quarters
₹ crore
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Revenue
90
154
156
179
126
Profit before tax
5
18
18
17
10
Net profit
4
13
13
13
8
EPS (₹)
1.82
5.96
5.01
4.68
2.72
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
Segment
Revenue, ₹ crore
Share %
Manufacturing & Trading of Electrical Transformers, CRGO, Electrical Accessories
152
84.5
EPC Contract Involving Electrical Items
28
15.5
Total, before eliminations
179
100.0
Source: the filed segment block, four quarters summed.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · MANGAL ELECTRICAL IND L · 28 October 2026Page 3 of 3
Exhibit 4: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
24 Oct 2026 · Committee meeting to consider employee stock option grant on October 31, 2026
corporate actions
medium
—
—
24 Oct 2026 · Board meeting to approve September 2026 quarterly and half-year results
results
low
—
—
13 Oct 2026 · Routine SEBI Regulation 74(5) certificate filing for Q2 FY27
compliance
minimal
—
—
12 Oct 2026 · Clarification on unusual trading volume
regulatory legal
medium
—
—
12 Oct 2026 · BSE seeks volume movement clarification from Mangal Electrical
compliance
low
—
—
10 Oct 2026 · Clarification on unusual trading volume: no pending company disclosures
regulatory legal
medium
—
—
9 Oct 2026 · NSE seeks clarification on unusual trading volume
18 Sept 2026 · Independent Director Ms Tanvi Surana resigns effective 18 Sep 2026
management changes
medium
—
—
16 Sept 2026 · Mangal Electrical appoints Rohit Pokharna as new CFO from Sept 16, 2026
management changes
high
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
