Mangal Electrical Industries Limited

Operating margin fell sharply from 14.16% (Sep 2025) to 8.85% (Jun 2026) while revenue dropped sequentially from ₹179.4 Cr to ₹125.8 Cr; verify whether this signals structural deterioration or is a cyclical dip.

Quarterly earnings are volatile (net profit ₹3.73–₹13.39 Cr, EPS ₹1.82–₹5.96 across recent quarters); verify whether lumpiness reflects order patterns, project timing, or execution issues.

Institutional investor interest declined (FII holding halved from 2.2% to 1.28% in three months); investigate whether exits reflect company-specific concerns or sector-wide flows.

ROE of 7.31% sits below typical industrial returns; combined with margin erosion, verify whether the business generates competitive returns on capital deployed.

Revenue up 40% YoY (₹89.66 Cr Jun-2025 to ₹125.83 Cr Jun-2026); verify if from market-share gains, new products, or customer wins.

Net profit jumped 3.5× from ₹3.73 Cr (Jun 2025) to ₹13.3–13.39 Cr (Sep–Dec 2025); verify whether this run-rate is sustainable or reflects one-off projects.

D/E of 0.08 leaves material balance-sheet capacity; verify whether company will deploy earnings toward capex, acquisitions, or shareholder returns.