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Mangal Electrical Overview

Mangal Electrical Industries Ltd. is an Indian manufacturer and supplier of electrical transformer components and complete transformers, including CRGO slit coils, cut laminations, amorphous cores, and assembled units up to 10 MVA. The company also provides turnkey EPC services for substations, covering the transformer value chain from components to project execution. With integrated manufacturing, a diversified customer base of power utilities and industrial clients, and certifications for high-voltage projects, Mangal has reported strong fi...Read More

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Mangal Electrical Key Financials

Market Cap ₹813 Cr.

Stock P/E 17.2

P/B 1.4

Current Price ₹294.2

Book Value ₹ 208.9

Face Value 10

52W High ₹574

Dividend Yield 0%

52W Low ₹ 206.2

Mangal Electrical Share Price

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Volume
Price

Mangal Electrical Quarterly Price

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Mangal Electrical Peer Comparison

Mangal Electrical Quarterly Results

#(Fig in Cr.) Jun 2024 Sep 2024 Dec 2024 Jun 2025 Sep 2025 Dec 2025
Net Sales 114 133 149 90 154 156
Other Income 1 1 0 0 1 3
Total Income 115 133 150 90 156 159
Total Expenditure 103 109 125 80 132 137
Operating Profit 12 25 24 10 23 22
Interest 3 4 5 4 4 2
Depreciation 1 1 1 1 1 2
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 7 19 18 5 18 18
Provision for Tax 2 5 5 1 5 5
Profit After Tax 5 14 14 4 13 13
Adjustments -0 0 0 0 0 -0
Profit After Adjustments 5 14 14 4 13 13
Adjusted Earnings Per Share 2.7 7 6.7 1.8 4.8 4.8

Mangal Electrical Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 171 144 191 199 290 208 121 218 354 449 549 549
Other Income 1 2 4 2 1 4 1 1 4 3 2 4
Total Income 172 146 195 202 290 212 122 219 358 452 551 555
Total Expenditure 156 125 168 177 266 194 109 197 310 407 468 474
Operating Profit 16 22 27 24 24 18 14 23 48 45 84 79
Interest 10 16 18 15 12 10 9 12 11 13 15 15
Depreciation 1 1 3 3 4 4 3 3 4 4 5 5
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 4 6 6 8 5 1 8 33 28 64 59
Provision for Tax 2 1 2 2 3 2 0 2 8 7 16 16
Profit After Tax 3 3 4 4 5 3 1 6 25 21 47 44
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 3 4 4 5 3 1 6 25 21 47 44
Adjusted Earnings Per Share 2.3 1.9 2.6 2.8 3.8 2 0.7 4.2 17.1 14.4 23.1 18.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 22% 36% 21% 12%
Operating Profit CAGR 87% 54% 36% 18%
PAT CAGR 124% 99% 73% 32%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 35% 30% 21% 16%
ROCE Average 30% 26% 20% 17%

Mangal Electrical Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 27 30 33 38 43 46 47 53 94 115 162
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 38 80 95 80 40 53 58 35 44 19 12
Other Non-Current Liabilities 0 0 -0 0 1 0 0 1 0 -0 1
Total Current Liabilities 112 82 56 82 95 89 81 97 81 111 190
Total Liabilities 177 192 185 200 179 188 185 187 220 244 365
Fixed Assets 20 16 30 37 35 32 30 31 34 40 39
Other Non-Current Assets 0 15 2 0 1 1 16 1 8 11 26
Total Current Assets 156 160 153 162 144 155 139 155 178 193 299
Total Assets 177 192 185 200 179 188 185 187 220 244 365

Mangal Electrical Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 29 5 10 6 8 1 0 3 1 7
Cash Flow from Operating Activities -9 -22 32 27 53 -16 -1 37 27 37 -30
Cash Flow from Investing Activities -7 -12 -2 -10 -2 -1 -10 -2 4 -13 -18
Cash Flow from Financing Activities 42 9 -25 -21 -50 17 9 -33 -34 -18 42
Net Cash Inflow / Outflow 26 -24 5 -4 2 0 -1 1 -2 6 -7
Closing Cash & Cash Equivalent 29 5 10 6 8 8 0 1 1 7 0

Mangal Electrical Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.25 1.93 2.57 2.83 3.75 2.03 0.74 4.19 17.06 14.45 23.08
CEPS(Rs) 3.13 2.86 4.35 4.97 6.48 4.65 3.01 6.47 19.63 17.26 25.48
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 18.57 20.5 23.06 25.89 29.64 31.67 32.41 36.6 60.67 75.16 79.1
Core EBITDA Margin(%) 7.98 12.04 10.7 10.86 8.09 6.81 10.29 10.02 12.54 9.48 14.9
EBIT Margin(%) 7.76 12.53 11.37 10.47 6.94 6.84 8.49 8.96 12.48 9.16 14.36
Pre Tax Margin(%) 2.6 2.62 2.68 2.98 2.91 2.22 0.92 3.68 9.28 6.25 11.6
PAT Margin (%) 1.72 1.73 1.76 2.01 1.88 1.42 0.88 2.78 6.98 4.66 8.61
Cash Profit Margin (%) 2.38 2.56 2.97 3.53 3.24 3.24 3.6 4.29 8.03 5.57 9.51
ROA(%) 1.84 1.52 1.98 2.13 2.87 1.6 0.57 3.26 12.17 9.03 15.54
ROE(%) 12.12 9.86 11.78 11.56 13.51 6.62 2.3 12.14 35.08 21.27 34.89
ROCE(%) 12.99 15.65 16.57 14.74 16.11 11.89 7.16 13.52 27.04 20.72 30.44
Receivable days 90.74 126.78 136.35 163.79 112.47 164.03 249.86 112.38 79.62 71.37 72.31
Inventory Days 122.45 169.37 113.62 96.64 67.8 78.68 163.08 107.54 75.64 66.91 76.79
Payable days 158.94 175.59 95.27 106.39 102.26 130.88 165.52 77.58 40.92 23.16 27.63
PER(x) 0 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.42 0.87 0.62 0.58 0.24 0.46 1 0.38 0.31 0.22 0.31
EV/Core EBITDA(x) 4.5 5.8 4.4 4.7 2.88 5.27 8.89 3.62 2.3 2.2 2.02
Net Sales Growth(%) 0 -15.98 32.38 4.57 45.17 -28.23 -41.78 80.5 62.22 26.86 22.23
EBIT Growth(%) 0 37.08 19.1 -11.29 -6.02 -29.25 -27.72 90.41 125.9 -6.81 91.5
PAT Growth(%) 0 -14.41 33.24 10.27 32.54 -45.86 -63.76 469.2 307.32 -15.32 125.82
EPS Growth(%) 0 -14.41 33.24 10.27 32.54 -45.86 -63.76 469.2 307.32 -15.32 59.73
Debt/Equity(x) 3.22 3.88 3.37 2.84 1.45 1.92 2.26 1.57 1.1 0.85 0.92
Current Ratio(x) 1.4 1.96 2.73 1.97 1.51 1.74 1.72 1.59 2.18 1.74 1.57
Quick Ratio(x) 0.83 0.91 1.91 1.21 1.03 1.24 0.93 0.92 1.17 0.99 0.79
Interest Cover(x) 1.5 1.26 1.31 1.4 1.72 1.48 1.12 1.7 3.9 3.15 5.2
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Mangal Electrical Shareholding Pattern

# Jun 2025 Aug 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74.19 74.19 74.44 74.79 74.79
FII 4.12 4.12 2.39 2.03 2.2
DII 7.05 7.05 6.68 6.19 4.43
Public 14.64 14.64 16.48 16.99 18.58
Others 0 0 0 0 0
Total 100 100 100 100 100

Mangal Electrical News

Mangal Electrical Pros & Cons

Pros

  • Company has delivered good profit growth of 73% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30%
  • Company has reduced debt.

Cons

  • Debtor days have increased from 23.16 to 27.63days.
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