Contents
Introduction Mangal Electrical Industries LTD –
- Symbol : MEIL.
- Promoters : Rahul Mangal (35+ years) and Aniketa Mangal (8+ years)
- Industry : Power sector.
- Products : Transformers & related components.
- Established : 1989.
- Total IPO size : ₹400 Crores.
- Important Dates
- Open : Aug 20, 2025.
- Close : Aug 22, 2025.
- Allotment : Aug 25, 2025.
- Listing : Aug 28, 2025.
- Price Band – ₹ 533 to ₹ 561 per Equity Share.
- Face Value : ₹ 10 per share.
- Lot Size : 26
- Sponsored Banks : HDFC and ICICI
- Registrar : Bigshare Services Private Limited (Link)
Key Business Highlights
- 5 manufactures unit- all are in Rajasthan.
- Order book – ₹ 94 crores as of June, 2025.
- Approvals from NABL, PGIL, NTPC
- Customer – Siemens, BHEL etc
Industry Overview
- Market Size : ₹353 billion in FY25
- Demand is expected to rise to 366 GW by FY32.
- Government support
- One Nation One Grid
- DDUGJY
- IPDS
- RDSS
Journey
Financial state
- Revenue Growth : ₹354.31 Cr (FY23) to ₹549.42 Cr (FY25)
- EBITDA Margin : improved to 14.9% (FY25)
- PAT : ₹47.3 Cr in FY25 (up from ₹24.73 Cr in FY23)
- RoCE : 25.38%
- Debt-to-Equity Ratio : 0.92(₹254.88 Cr)
Risk
- Most revenue is from Rajasthan, Gujrat and UP only. Low footprint across the country.
- 57% imports from China.
Conclusion
- Fundamentals are strong.
- Risk wrt raw materials import from china.
- Debt is a notable risk.
- Ideal for long term investors.
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