Synopsis:
Mangal Electrical Industries plunged sharply after disappointing investors with their Q1 results. The company saw a 22% revenue drop YoY to Rs 89.66 crore, with net profit decreasing 31% to Rs 3.73 crore. Besides, sequentially, revenue and profit went down by 41% and 73% QoQ.
The shares of this leading manufacturer and supplier of different transformer components are in focus as the company failed to deliver financial performance as per its investors. In this article, we will dive more into the details.
With a market capitalization of Rs 1,368 crore, the shares of Mangal Electrical Industries Ltd made a day low of Rs 493.25 per share, down by 8 percent from its previous day closing price of Rs 538.05 per share. Since its debut on the stock exchange on August 2025, the company has corrected over 5.5 percent.
Q1 Highlights
The company’s revenue for Q1 FY26 came in at Rs 89.66 crore, down by 22 percent from Rs 114.32 crore in the same quarter last year. Additionally, on a sequential basis, revenue declined by 41 percent from Rs 153.03 crore in Q4 FY25.
Coming to its profitability, the company reported a net profit decline of 31 percent to Rs 3.73 crore in Q1 FY26 as compared to Rs 5.45 crore in Q1 FY25. Additionally, on a QoQ basis, it recorded a decline of 73 percent from Rs 13.93 crore.
The company has delivered an ROE and ROCE of 34.13 percent and 30.43 percent respectively, and is currently trading at a low P/E of 28.98x as compared to its industry average of 42.62x.
Mangal Electrical Industries Limited is a company that produces and deals with electrical transformers, CRGO electrical steel, and other related products both in India and internationally. The company provides transformer components, lamination, CRGO slit coils, amorphous cores, coil and core assemblies, toroidal and wound cores, oil-immersed circuit breakers, and special transformers from 5 KVA to 10 MVA in a wide range.
Along with this, it also takes the responsibility of engineering, procurement, and construction services for power substations, catering to power utilities, industrial groups, infrastructure developers, and public sector clients.
Written by Satyajeet Mukherjee
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