Mangal Electrical Industries Limited (MEIL)
₹280.20 -1.11% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Mangal Electrical's revenue was ₹126 Cr (+40.3% year on year, -29.9% on the previous quarter), and net profit ₹7.5 Cr (+101.5% year on year); the operating margin was 8.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹126 | +40.3% | -29.9% |
| Operating profit | ₹11.1 | +11.7% | -37.0% |
| Net profit | ₹7.5 | +101.5% | -41.0% |
| EPS (₹) | 2.72 | +49.5% | -41.0% |
| Operating margin | 8.8% | — | — |
MEIL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 63.95% of the MEIL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 51.34%. The price fell 1.11% on that unusually high delivery, the pattern the delivery dashboard labels distribution. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 46.6% · 43.4% · 44.5% · 57.5% · 64.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Mangal Electrical Industries Limited has informed the exchanges regarding the resignation of Independent Director Ms. Tanvi Surana (also referenced as Tanvi Shrimal). The resignation took effect immediately on September 18, 2026. The filing does not disclose specific operational impacts or immediate board replacement details. Stock performance shows a 12-month return of -44.5% amidst limited financial disclosures.
- Independent Director Ms. Tanvi Surana resigned effective September 18, 2026
- Resignation notice was communicated internally via email on September 18, 2026 at 5:59 PM
- Official exchange notification submitted on September 18, 2026
Mangal Electrical Industries Limited has disclosed the resignation of Ms. Tanvi Surana from her position as an Independent Director. Her resignation took effect immediately on September 18, 2026. The submission was conveyed through an internal communication trail without detailed reasons or attached letters in the extract. The company will need to ensure board composition remains compliant with statutory regulatory mandates.
- Independent Director Ms. Tanvi Surana resigned effective September 18, 2026
- Resignation communication forwarded by Company Secretary Naresh Kumar Sharma on September 18, 2026
- Detailed reasons for resignation not disclosed in the provided document excerpt
Mangal Electrical Industries Limited has informed the exchanges that Ms. Tanvi Surana has resigned from her position as Independent Director effective September 18, 2026. The director cited personal reasons for the departure, confirming there are no other material reasons. She held no other directorships or committee memberships in listed entities. The board of directors is scheduled to take note of the resignation at its upcoming meeting.
- Independent Director Tanvi Surana (DIN: 10781723) resigned effective September 18, 2026
- Departure attributed to personal reasons with confirmation of no other material reasons
- Holds directorships in 0 other listed entities and 0 board committee memberships
- Board of Directors to formally take note of the resignation at its next meeting
Mangal Electrical Industries Limited has appointed Mr. Rohit Pokharna as Chief Financial Officer (CFO) and Key Managerial Personnel effective September 16, 2026. He succeeds Mr. Pawan Mendiratta, who was relieved from the position on August 31, 2026. The Board approved an annual remuneration of ₹45,00,000 (₹45 Lakh) for Mr. Pokharna, a Chartered Accountant with over 9 years of experience, including stints at EY and KPMG. Additionally, the Board approved the Cost Audit Report for FY 2025-26.
- Appointment of Mr. Rohit Pokharna as CFO effective September 16, 2026
- Annual remuneration set at ₹45,00,000 (₹45 Lakh) per annum
- Replaces Mr. Pawan Mendiratta, who was relieved on August 31, 2026
- Appointee brings over 9 years of finance and accounting experience (ex-EY, ex-KPMG)
- Board approved the Cost Audit Report for FY 2025-26
Mangal Electrical Industries Limited has appointed Mr. Rohit Pokharna as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective September 16, 2026. He succeeds Mr. Pawan Mendiratta, who was relieved on August 31, 2026. Mr. Pokharna brings over 9 years of professional experience, including Big 4 stints at EY and KPMG, and will receive an annual remuneration of Rs 45,00,000. Additionally, the Board approved the Cost Audit Report for FY 2025-26.
- Appointment of Mr. Rohit Pokharna as CFO effective September 16, 2026
- Annual remuneration set at Rs 45,00,000 (Rupees Forty-Five Lakh)
- Predecessor Mr. Pawan Mendiratta stepped down as CFO on August 31, 2026
- Incoming CFO brings over 9 years of experience, including roles at EY and KPMG
- Cost Audit Report for FY 2025-26 approved by the Board
Mangal Electrical Industries Limited has received credit ratings from CARE Ratings Limited for its ₹133.12 crore total bank facilities. CARE assigned a 'CARE A-; Stable' rating to long-term facilities of ₹1.87 crore (SIDBI term loans) and a 'CARE A-; Stable / CARE A2+' rating to long-term/short-term facilities of ₹131.25 crore (HDFC Bank credit and guarantee lines). The assigned ratings reflect investment-grade creditworthiness and are valid for one year from September 01, 2026.
- CARE Ratings assigned 'CARE A-; Stable' to ₹1.87 crore long-term bank facilities from SIDBI.
- Assigned 'CARE A-; Stable / CARE A2+' to ₹131.25 crore long-term/short-term facilities with HDFC Bank.
- Total rated bank facilities aggregate to ₹133.12 crore.
- Ratings are valid for one year from September 01, 2026, subject to annual surveillance.
Mangal Electrical Industries Limited announced the voting results for its 18th Annual General Meeting held on August 26, 2026. Shareholders approved all 8 resolutions with over 99.97% aggregate votes in favor, representing a 77.72% total voter turnout (2,14,75,471 shares polled). Key approved agendas include the adoption of FY26 financial statements, implementation of the MEIL ESOP 2025 covering up to 15,00,000 equity shares, and the appointment of Ms. Neha Rathi as Independent Director for a 5-year term.
- All 8 ordinary and special resolutions approved with over 99.97% favorable votes
- Total voting turnout stood at 77.72% with 2,14,75,471 votes polled out of 2,76,30,124 outstanding shares
- Adoption of MEIL ESOP 2025 approved, enabling options convertible into up to 15,00,000 equity shares
- Appointed Ms. Neha Rathi as Independent Director for a 5-year term from July 29, 2026 to July 28, 2031
Mangal Electrical Industries Limited (MEIL) has submitted the Scrutinizer's Report for its 18th Annual General Meeting (AGM) to the stock exchanges. The AGM took place on August 26, 2026. This is a standard post-AGM regulatory compliance filing documenting voting outcomes. No financial or strategic business updates were disclosed in this transmittal letter.
- 18th Annual General Meeting concluded on August 26, 2026
- Scrutinizer's Report submitted to BSE and NSE on August 27, 2026
- Filing confirms completion of AGM voting procedures under standard regulatory compliance
Mangal Electrical Industries Limited has submitted a regulatory disclosure regarding its Key Performance Indicators (KPIs) on August 26, 2026. The filing was executed pursuant to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. While the filing references enclosed KPI details, the specific metrics are part of the attached schedule. This disclosure typically accompanies or supports capital market/issue compliance.
- Disclosure submitted to BSE (Scrip: 544492) and NSE (Symbol: MEIL) on August 26, 2026
- Filing made under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- Specific KPI schedule referenced as enclosed in the regulatory submission
Mangal Electrical Industries Limited conducted its 18th Annual General Meeting on August 26, 2026, via Video Conferencing. Key resolutions tabled for voting included adoption of FY26 audited financial statements, reappointment of directors, appointment of secretarial auditors for 5 years, and adoption of the MEIL ESOP 2025 pool covering up to 15,00,000 equity shares. Voting results along with the Scrutinizer's Report will be declared and submitted separately.
- Concluded 18th AGM held on August 26, 2026, from 2:00 PM to 2:55 PM IST
- Tabled special resolution for approval of MEIL ESOP 2025 covering up to 15,00,000 equity shares
- Proposed appointment of Ms. Neha Rathi as Independent Director for a 5-year term from July 29, 2026 to July 28, 2031
- Proposed appointment of SKMG & Co. as Secretarial Auditors for a 5-year term from FY 2026-27 to FY 2030-31
Mangal Electrical Industries Limited (MEIL) has issued a corrigendum to its 18th Annual General Meeting (AGM) notice and FY 2025-26 Annual Report. The primary correction extends the appointment term of the Secretarial Auditor, M/s SKMG & Co., from a single year to a five-year tenure ending in FY 2030-31. Additionally, the company corrected a typographical error regarding Ms. Neha Rathi's profile, clarifying her role at Raghav Productivity Enhancers Limited. The 18th AGM remains scheduled for August 26, 2026.
- Secretarial Auditor appointment term corrected to 5 consecutive financial years starting from FY 2026-27.
- Auditor tenure now officially ends with the conclusion of Financial Year 2030-31.
- 18th Annual General Meeting (AGM) is scheduled to be held on August 26, 2026, at 2:00 P.M. IST.
- Clarified that Ms. Neha Rathi is the CS & Compliance Officer of Raghav Productivity Enhancers Limited, not MEIL.
Mangal Electrical Industries Limited (MEIL) has issued a corrigendum to its 18th Annual General Meeting (AGM) notice scheduled for August 26, 2026. The correction extends the proposed appointment term of the Secretarial Auditor, M/s SKMG & Co., from a single year to five consecutive financial years (FY 2026-27 to FY 2030-31). Additionally, the company rectified a typographical error in the Annual Report regarding Ms. Neha Rathi's professional profile, clarifying her role at another entity. These are administrative corrections and do not impact the company's financial performance or operations.
- Secretarial Auditor term corrected to 5 consecutive financial years starting from FY 2026-27
- 18th Annual General Meeting scheduled for August 26, 2026, at 2:00 P.M. IST via Video Conferencing
- Correction of Ms. Neha Rathi's profile on Page 18 of the Annual Report to reflect her role at Raghav Productivity Enhancers Limited
- Corrigendum issued to rectify inadvertent errors in the original AGM Notice and FY 2025-26 Annual Report
Mangal Electrical Industries Limited (MEIL) has scheduled its 18th Annual General Meeting for August 26, 2026. Key agenda items include the adoption of FY26 audited financial statements and the introduction of the 'MEIL - ESOP 2025' scheme for employees. The company is also seeking shareholder approval for the appointment of Ms. Neha Rathi as an Independent Director for a 5-year term and the ratification of auditor remunerations totaling approximately ₹2.81 lakh for FY27.
- 18th Annual General Meeting scheduled for August 26, 2026, at 2:00 PM via video conferencing.
- Introduction of 'Mangal Electrical Industries Limited - Employee Stock Option Plan 2025' (MEIL - ESOP 2025) proposed as a special resolution.
- Appointment of Ms. Neha Rathi as an Independent Director for a 5-year term effective from July 29, 2026, to July 28, 2031.
- Ratification of ₹50,000 remuneration for Cost Auditors (M/s. Maharwal & Associates) for FY27.
- Proposed appointment of M/s SKMG & Co. as Secretarial Auditors for FY27 at a remuneration of ₹2,31,000.
Mangal Electrical Industries Limited (MEIL) reported a strong start to FY27, with revenue growing 40% YoY to ₹125.8 cr, primarily driven by a 32% volume growth in CRGO and a nearly 3x jump in the transformer segment revenue to ₹24.4 cr. While EBITDA margins compressed to 8.8% from 11.1% due to an 18% YoY decline in CRGO realizations, PAT doubled to ₹7.5 cr. The company is actively expanding its transformer capacity with a target completion by the end of FY27 and has acquired additional industrial land in Reengus, Rajasthan, for future growth.
- Revenue from operations increased 40% YoY to ₹125.8 cr in Q1 FY27 compared to ₹89.7 cr in Q1 FY26.
- Net Profit (PAT) surged 101% YoY to ₹7.5 cr, with PAT margins improving to 6.0% from 4.2%.
- Transformer segment revenue grew significantly to ₹24.4 cr from ₹8.5 cr in the previous year's quarter.
- Achieved ~32% volume growth in CRGO laminations, despite an 18% YoY decline in realizations.
- Acquired industrial land adjacent to the existing Reengus facility to support future capacity expansion.
Mangal Electrical Industries Limited (MEIL) reported a strong start to FY27 with revenue growing 40% YoY to ₹125.8 Cr, driven by a 32% volume growth in CRGO and a 187% surge in the transformer segment. While EBITDA margins compressed to 8.8% from 11.1% due to an 18% YoY decline in CRGO realizations, Profit After Tax (PAT) doubled to ₹7.5 Cr. The company is currently expanding its transformer capacity with an expected completion date by the end of FY27. Additionally, MEIL has acquired industrial land in Reengus, Rajasthan, to facilitate future manufacturing expansion.
- Revenue from operations increased 40% YoY to ₹125.8 Cr in Q1 FY27 from ₹89.7 Cr in Q1 FY26.
- Profit After Tax (PAT) surged 101% YoY to ₹7.5 Cr, with EPS rising to ₹2.72 from ₹1.82.
- Transformer segment revenue grew significantly to ₹24.4 Cr compared to ₹8.5 Cr in the previous year's quarter.
- Achieved ~32% volume growth in CRGO despite an 18% YoY decline in realizations.
- Acquired industrial land adjacent to the existing Reengus facility for future capacity expansion.
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Products & Services
Electrical industry products and components, as implied by the company name Mangal Electrical Industries Limited, though specific product lines are not listed in the available documents.
External Factors
Industry Trends
The company operates within the electrical industries sector; however, specific growth rates, technology shifts, or evolving industry positioning are not disclosed in available documents.
Regulatory & Governance
Industry Regulations
The company is subject to SEBI (Depositories and Participants) Regulations, 2018. Specifically, it has demonstrated compliance with Regulation 74(5) for the quarter ended December 31, 2025, which involves the timely processing and confirmation of security dematerialization requests to maintain accurate shareholding records. Other industry-specific manufacturing or pollution standards are not disclosed.
Risk Analysis
Geographic Concentration Risk
The company is headquartered in Jaipur, Rajasthan, but specific revenue concentration by region is not disclosed.
Third Party Dependencies
The company relies on Bigshare Services Private Limited as its Registrar and Share Transfer Agent for managing security certificates and depository communications.
