Mangal Electrical Industries Ltd shares receive credit rating as agency completes assessment.
Why did Mangal Electrical Industries Ltd shares fall today?
Mangal Electrical Industries Ltd shares saw a slight dip in trading today, closing at ₹270.45. This represents a decrease of 0.59% from the previous close. The movement was noted as of 05:54 PM on Friday.
The company informed the stock exchanges that it has received a new credit rating from CARE Ratings Limited. The rating agency assigned a "CARE A-; Stable" rating to the company's long-term bank facilities amounting to ₹1.87 crore. For its combined long-term and short-term bank facilities of ₹131.25 crore, it received a "CARE A-; Stable / CARE A2+" rating. These ratings are valid for one year starting from September 1, 2026.
While a stable credit rating from an agency like CARE is generally a positive indicator of a company's financial health and creditworthiness, the share price saw a minor correction. Market reactions can be influenced by many factors, and today's small decline might reflect broader market trends or profit-booking by investors, rather than a negative response to the rating announcement itself, which is a routine disclosure of the company's strong credit standing.
What does Mangal Electrical Industries Ltd do?
Mangal Electrical Industries Ltd is a company that maintains bank facilities, as indicated by the assignment of credit ratings for its Long Term Bank Facilities and Long Term / Short Term Bank Facilities. These facilities total ₹133.12 crore. The company's activities involve managing these financial facilities, which are subject to periodic review by the credit rating agency.
The company has a digital presence through its website, which is accessible at https://mangals.com. It is listed on both the BSE Limited and the National Stock Exchange of India Limited under the symbol MEIL and Scrip Code 544492.
Mangal Electrical Industries Ltd Financials
In CroresMangal Electrical Industries Ltd recorded a revenue of ₹179.42 Crores in March 2026, which declined to ₹125.83 Crores in June 2026. Similarly, the company's profit decreased from ₹12.75 Crores in March 2026 to ₹7.52 Crores in June 2026, indicating a sequential quarter-on-quarter decline in both financial metrics.
Mangal Electrical Industries Ltd Shareholding Pattern
Promoter holding stands at 74.79% of the total share capital. Foreign Institutional Investors (FIIs) hold 1.28% stake in the company, while Domestic Institutional Investors (DIIs) hold 4.3%. Public shareholders hold the remaining 19.65% stake in Mangal Electrical Industries Ltd.
Mangal Electrical Industries Ltd FAQs
Q: Why did Mangal shares fall 0.59% today?
Intimation regarding credit rating assigned. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Mangal Electrical Industries Ltd?
As per the latest data, promoters hold 74.79% stake in Mangal Electrical Industries Ltd, while FII holding stands at 1.28%. Domestic institutional investors hold 4.3%, and public shareholders account for 19.65% of the equity.
Q: What is the current stock price of Mangal Electrical Industries Ltd?
Mangal Electrical Industries Ltd shares are currently trading at ₹270.45, recording a decline of 0.59% from the previous close.
Q: What is the market capitalization of Mangal Electrical Industries Ltd?
The company currently has a market capitalization of ₹747.26 crore, reflecting its valuation in the Indian equity market.