Mangal Electrical Industries Ltd. (MEIL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-24.5%

₹179.97

vs ₹238.40 price

Levered DCF

-₹87.86

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	13.35×	31.27×	70.63×	59.82×	160.77×	0×
P/B	0.98×	9.12×	12.86×	15.74×	21.37×	0×
P/S	0.99×	2.69×	3.29×	4.17×	5.76×	0×
EV / EBITDA	8.14×	19.97×	35.94×	33.97×	60.72×	0×
Gross margin	21.0%	23.0%	17.3%	21.6%	21.4%	0.0%
Operating margin	10.8%	14.1%	8.6%	12.0%	9.9%	0.0%
Net margin	7.4%	8.6%	4.7%	7.0%	3.6%	0.0%
Current ratio	4.99×	1.57×	1.74×	2.18×	1.69×	1.81×
Debt / equity	0.08×	0.92×	0.8×	1.03×	1.72×	1.88×
Interest coverage	5.37×	6.02×	3.4×	4.35×	2.28×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	7.3%	29.2%	18.2%	26.3%	13.3%	0.0%
Return on invested capital	7.3%	18.3%	13.8%	16.7%	10.5%	0.0%
Return on assets	6.1%	12.9%	8.5%	11.2%	3.8%	0.0%
Free cash flow yield	-24.0%	-2.9%	1.7%	1.6%	0.5%	0.0%
Earnings yield	7.5%	3.2%	1.4%	1.7%	0.6%	0.0%
Enterprise value	₹6.2B	₹16.3B	₹15.6B	₹15.8B	₹16B	₹1.1B
Net debt / EBITDA	0.52×	1.82×	1.96×	2.08×	4.47×	0×
Cash conversion cycle (days)	248	183	128	172	224	0