AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Resignation of Director 18 Sep - Ms. Tanvi Surana resigned as Independent Director effective 18 September 2026 due to personal reasons.
Source: Bse
Mangal Electrical Industries Limited (MEIL)
Small CapIndustrials stocks · Small cap · NSE
Mangal Electrical Industries Limited operates in Cables / Electrical Equipment, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals05 Oct 2026 · screener
Latest result29 Jul, 11:54 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
43NeutralSMA20 -3.5% / mo · MACD +
Stock trend: 38
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
MEILD candles · FIT view-7.0%Latest close ₹273.60 on 2026-10-19
Bar
-3.7%
RSI
49
MACD hist
1.64
52W pos
23%
2026-10-19O ₹284.00H ₹284.00L ₹269.80C ₹273.60Vol 29,472 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
MEILNifty India ManufacturingNifty 500
- MEIL
- -9.2%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -3.7 pp
Chart stats
19 Oct 2026- From 52W high
- -44.7%
- 52W range position
- 23%
- ATR (14)
- 4.7%
- Volume vs 20D
- 0.19x
- Avg traded value
- ₹4.3 Cr
- 20D price channel
- ₹255 - ₹311.5
₹495
₹206.3 - ₹495
₹13
Latest completed session
20-session average
35.7% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE58
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good67
Revenue +40.3% · PAT +101.6% YoY
Technical
Neutral43
Price trend and sector-relative-strength timing.
Valuation
Legacy model+59.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence66
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 67/100Rev +40% YoY · PAT +102% YoY · operating leverage · margin compression
Filed 29 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹125.8 Cr | +40.3% | -29.9% |
| EBITDA | ₹11.1 Cr | +11.7% | -36.9% |
| Operating margin | 8.8% | -227 bps | -99 bps |
| PAT | ₹7.5 Cr | +101.6% | -41.0% |
| PAT margin | 6.0% | +182 bps | -113 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 15.40
- P/B
- 1.22
- EV/EBITDA
- 10.12
- Market Cap
- 724.00Cr
Profitability
- ROE
- 11.30%
- ROCE
- 14.60%
- ROA
- 6.65%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 37.00%
- EPS 5Y
- 109.00%
- Revenue 3Y
- 18.00%
- EPS 3Y
- 20.00%
Balance Sheet
- Debt/Equity
- 0.08
- Interest Coverage
- 7.00×
- Altman Z
- 6.36
- Book Value
- 214.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- -101.00 Cr
- EPS TTM
- 16.99
Shareholding
- Promoter Hold
- 74.79%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 19%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 580+5.6% vs prev
Net Profit
₹ CrLatest: 43.0-8.5% vs prev
Return on Equity
%Latest: 7.3-74.9% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 49.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~3.6% over last month) — short-term momentum negative.
- RSI(14) at 49 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 45% off 52W high · 33% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
20
RS percentile
Stage 1 Base / Transition
1M return
+0.6%
3M return
-9.2%
6M return
-12.7%
1Y return
-41.1%
RS 1D
0
RS 20D
+2
Sector rank
#2
Industry rank
#8
Stage evidence
- Price is within 5.1% of the 30-week proxy.
- The 30-week proxy changed +1.6% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 60.31-1.34%
RS vs Nifty 50060
Valuation & peers
U-Score 58 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 58 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · FAIR VALUEValuation19/30
Growth21/25
Quality0/20
Balance Sheet12/15
Cash Flow2/10
Piotroski
6/9 (+3)
Penalties
1
Raw sum
58
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
58/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 59.0%.
- Growth contributes 21/25 to the score.
- Balance sheet contributes 12/15 to the score.
Main drags
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Cash flow is weaker at 2/10; verify the latest quarterly trend.
- Valuation is weaker at 19/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
15.4
PB
1.2
EV/EBITDA
10.1
ROE
11.3%
ROCE
14.6%
FCF Yield
—
Debt/Equity
0.1
MoS
+59.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
58
Previous: 58
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+59.0%
Previous: +59.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
60
58
58
58
58
58
58
58
58
58
58
58
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹286.02
+4.3% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹667.71
+59.0% MoS
PEG
0.21
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
WEL
Small
Wonder Electricals Limited
Electrical Equipment
match 104
25
82.0
8.9%
-101%
OVERVALUED
S&SPOWER
Small
S&S Power Switchgears Limited
Electrical Equipment
match 94
27
45.0
12.8%
-4%
OVERVALUED
SPECTRUM
Small
Spectrum Electrical Industries Limited
Electrical Equipment
match 91
45
128.0
20.4%
-185%
WATCHLIST
MARINE
Small
Marine Electricals (India) Limited
Electrical Equipment
match 90
38
101.0
13.1%
-139%
WATCHLIST
QPOWER
Micro
Quality Power Electrical Equipments Limited
Electrical Equipment
match 85
51
87.9
25.3%
-108%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Mangal Electrical Industries Limited operates in Cables / Electrical Equipment, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
66Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 49th percentile of the scored universe and 47th percentile within Industrials. Main check: cash conversion is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
49th percentile
overall median 67 · Industrials: 47th pctile, median 68 · Small: 54th pctile, median 66
Evidence depth
Financial-only
7 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
58
watch · capital discipline
Results
53
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 74.8%.
- ▸Promoter pledge is zero.
- ▸Debt/equity is 0.08.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Operating cash flow is negative at ₹-101 Cr.
- ▸ROCE trend is -7.4%.
- ▸1/4 latest quarters had positive YoY PAT growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Mangal Electrical Industries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 16 Sep - Board appointed Rohit Pokharna as CFO from September 16, 2026; approved FY26 cost audit report.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 2 Sep - CARE Ratings assigned CARE A-; Stable ratings to ₹133.12 crore bank facilities.
Source: Bse
Credit rating
Credit-rating report · Mangal Electrical Industries Limited has informed the Exchange about Credit Rating
Source: Nse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Aug - Newspaper Publication regarding Corrigendum issued in continuation and forms integral part of notice convening 18th AGM to be held on 26.08.2026 on wednesday at 2.00 …
Source: Bse
Annual report
Annual report · Mangal Electrical Industries Limited has informed the Exchange regarding Corrigendum to Correction in Annual Report - Board of Directors section (Page no. 18)
Source: Nse
Annual report
Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Aug - Newspaper Publication after completion of dispatch of 18th Annual General Meeting and Annual Report
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 6 Aug - CARE report for quarter ended June 30, 2026: no deviation, Rs.85 crore unutilized, capex deployment delayed.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO) 4 Jun - CFO Pawan Mendiratta resigned on June 3, 2026; relieved after business hours on September 3, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11 Jun - The Company is organizing a plant visit followed by management interaction for Analysts / Investors on 18.06.2026.
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.