Mangal Electrical IndustriesNSE:MEIL -2.09%18 Current Ratio is 4.99 as of Mar. 2026, which is 187% above its 10-year median of 1.74. GuruFocus rates NSE:MEIL with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 3,073 Industrial Products companies, Mangal Electrical Industries ranks better than 89.59% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Mangal Electrical Industries's current ratio for the quarter that ended in Mar. 2026 was 4.99.
Mangal Electrical Industries has a current ratio of 4.99. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Mangal Electrical Industries's Current Ratio or its related term are showing as below:
NSE:MEIL'
s Current Ratio Range Over the Past 10 Years
Min: 1.57 Med: 1.74 Max: 4.99
Current: 4.99
During the past 5 years, Mangal Electrical Industries's highest Current Ratio was 4.99. The lowest was 1.57. And the median was 1.74.
NSE:MEIL's Current Ratio is ranked better than 89.59% of 3073
companies
in the Industrial Products industry
Industry Median: 1.96
vs NSE:MEIL: 4.99
Mangal Electrical Industries (NSE:MEIL) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Mangal Electrical Industries Current Ratio Related Terms
Mangal Electrical Industries Current Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Electrical Equipment & Parts subindustry, Mangal Electrical Industries's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mangal Electrical Industries Current Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mangal Electrical Industries's Current Ratio distribution charts can be found below:
* The bar in red indicates where Mangal Electrical Industries's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mangal Electrical Industries (NSE:MEIL) has a Current Ratio of 4.99 as of Mar. 2026. This is 187% above median its historical median of 1.74. Over the past decade, Mangal Electrical Industries' Current Ratio has ranged from 1.57 to 4.99. According to the industry distribution chart, Mangal Electrical Industries ranks #320 out of 3073 companies in the Industrial Products industry, placing it in the top 10.4%.
Is Mangal Electrical Industries' Current Ratio too high?
Mangal Electrical Industries' current Current Ratio of 4.99 is 187% above median its 10-year median of 1.74. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 4.99. The Industrial Products industry median Current Ratio is 1.96. Mangal Electrical Industries' value of 4.99 is 154.6% above this industry median. Based on the distribution chart, Mangal Electrical Industries ranks #320 out of 3073 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Mangal Electrical Industries has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Mangal Electrical Industries' Current Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Mangal Electrical Industries ranks #320 out of 3073 companies for Current Ratio. This places Mangal Electrical Industries in the top 10% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.96. Mangal Electrical Industries' value of 4.99 is 154.6% above this benchmark. Historically, Mangal Electrical Industries' own Current Ratio has ranged from 1.57 to 4.99 over the past decade. While the company's 10-year median is 1.74 vs. the industry median of 1.96, Mangal Electrical Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Industrial Products company?
The median Current Ratio among Industrial Products companies is 1.96, based on 3,073 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mangal Electrical Industries's current Current Ratio of 4.99 is 154.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median Current Ratio is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mangal Electrical Industries's current Current Ratio is 4.99, which is 187% above median its own 10-year median of 1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangal Electrical Industries stock overvalued right now?
Mangal Electrical Industries (NSE:MEIL) has a current Current Ratio of 4.99. The current Current Ratio is 4.99, which is 187% above median its 10-year median of 1.74 and 154.6% above the Industrial Products industry median of 1.96. Mangal Electrical Industries' overall GF Score™ is 18/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Mangal Electrical Industries (NSE:MEIL), the current Current Ratio is 4.99 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Mangal Electrical Industries Ltd is mainly involved in the manufacturing of electrical transformers, CRGO, electrical accessories, and related items, and also executes EPC contracts involving electrical items. The company specializes in processing transformer components such as transformer laminations, CRGO slit coils, amorphous cores, coil and core assemblies, wound and toroidal cores, and oil-immersed circuit breakers. It also trades in CRGO and CRNO coils and amorphous ribbons. Additionally, the company manufactures transformers and customized products for the power infrastructure industry, with a range spanning from single-phase 5 KVA to three-phase 10 MVA units, and provides EPC services for setting up electrical substations serving the power sector.
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