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Earnings Call

Mangal Electrical Industries Earnings Call: Key Takeaways

Mangal Electrical FY26 revenue reached ₹579.7 Cr with 11.8% EBITDA margin. Focus remains on transformer components, higher kV class expansion, and EPC services.

Highlights
Revenue growth5.5% YoY (FY26 vs FY25).
MarginsEBITDA margin contracted from 14.9% to 11.8% YoY.
Demand visibilityStrong US/Europe demand and grid modernization drivers.
Management confidenceHigh for long-term T&D capex tailwinds.

Growth

FY22-26 Revenue CAGR at 23%, EBITDA 28%, and PAT 47%. FY26 volume grew 20% despite price deceleration.

Outlook

Greenfield transformer plant under implementation; target to enhance capacity to 132 kV/100 MVA class.

Risks

Declining CRGO prices impacting value growth and profitability; high regulatory barrier for approvals.

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