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Earnings Call

Mangal Electrical Industries Earnings Call: Key Takeaways

Mangal Electricals reports FY26 revenue of ₹579.7 Cr with 11.8% EBITDA margin. Focus is on expanding into higher 765kV CRGO processing and greenfield transformer manufacturing.

Highlights
Revenue growth5.5% YoY growth in FY26.
MarginsEBITDA margins compressed from 14.9% to 11.8% due to price deceleration.
Demand visibilityStrong; backed by 500GW renewable energy target by 2030.
Management confidenceHigh; citing multi-year growth cycle in power T&D.

Growth

FY26 Revenue grew 5.5% YoY to ₹579.7 Cr; PAT at ₹43.2 Cr. Historical revenue CAGR (FY22-26) at 23%.

Outlook

Greenfield transformer plant under implementation for higher voltage products; target 132kV/100 MVA class capacity.

Risks

Declining CRGO prices throughout FY26 led to sluggish industry sentiments and muted value growth.

Source

Earnings Call filed with BSE, NSE: MEIL. Summary written with AI assistance from the document.

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Mangal Electrical Industries Ltd: key numbers

Share price
₹270.80
Market cap
₹748.2 Cr
Revenue (annual)
₹579.7 Cr
Net profit (annual)
₹43.17 Cr
P/E (TTM)
15.9×Sector 53.6×
Promoter holding
74.79%+0.00% QoQ
FII holding
1.28%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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17:31 IST BSE
Management Change

Mangal Electrical Industries Management Change

Mangal Electrical Industries appointed Mr. Rohit Pokharna as Chief Financial Officer, effective September 16, 2026. The Board also approved the Cost Audit Report for FY 2025-26.

09:55 IST BSE
Credit Rating

Mangal Electrical Industries Credit Rating

CARE Ratings assigned 'CARE A-; Stable' and 'CARE A2+' ratings to Mangal Electrical Industries Ltd's bank facilities. The total rated amount is ₹133.12 Crore.

Value
₹133.1 Cr