Mangal Electrical Industries (NSE:MEIL) Interest Expense: ₹-77 Mil (TTM As of Mar. 2026)


NSE:MEIL Mangal Electrical Industries Ltd NSE:MEIL
19 GF Score
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What is Mangal Electrical Industries Interest Expense?

Mangal Electrical Industries NSE:MEIL -0.86% 19 Interest Expense is ₹-77 Mil as of Mar. 2026. GuruFocus rates NSE:MEIL with a GF Score™ of 19/100. The stock has 4 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mangal Electrical Industries's interest expense for the three months ended in Mar. 2026 was ₹ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-77 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Mangal Electrical Industries's Operating Income for the three months ended in Mar. 2026 was ₹ 160 Mil. Mangal Electrical Industries's Interest Expense for the three months ended in Mar. 2026 was ₹ -18 Mil. Mangal Electrical Industries's Interest Coverage for the quarter that ended in Mar. 2026 was 8.82. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mangal Electrical Industries  (NSE:MEIL) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mangal Electrical Industries's Interest Expense for the three months ended in Mar. 2026 was ₹-18 Mil. Its Operating Income for the three months ended in Mar. 2026 was ₹160 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was ₹20 Mil.

Mangal Electrical Industries's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*160.199/-18.171
=8.82

* 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.

The higher the ratio, the stronger the company's financial strength is.

Mangal Electrical Industries Interest Expense Historical Data

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The historical data trend for Mangal Electrical Industries's Interest Expense can be seen below:

* 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 Interest Expense Chart

Mangal Electrical Industries Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Interest Expense
-111.67 -97.95 -113.46 -151.77 -116.24

Mangal Electrical Industries Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Interest Expense Get a 7-Day Free Trial Premium Member Only -48.66 -29.57 -39.88 -18.80 -18.17
NSE:MEIL
19GF Score
Mangal Electrical Industries Ltd NSE:MEIL
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Mangal Electrical Industries Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-77 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of ₹-77 Mil mean?
Mangal Electrical Industries (NSE:MEIL) has a Interest Expense of ₹-77 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on Mangal Electrical Industries and its competitors.
Is Mangal Electrical Industries' Interest Expense too high?
Mangal Electrical Industries' current Interest Expense is ₹-77 Mil. Overall, Mangal Electrical Industries has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Mangal Electrical Industries' Interest Expense compare to VRT and BE?
Mangal Electrical Industries' Interest Expense of ₹-77 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for an Industrial Products company?
A good Interest Expense depends on the Industrial Products industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Mangal Electrical Industries and its competitors. Mangal Electrical Industries's current Interest Expense is ₹-77 Mil. 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 Interest Expense of ₹-77 Mil. The current Interest Expense is ₹-77 Mil. Mangal Electrical Industries' overall GF Score™ is 19/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Mangal Electrical Industries (NSE:MEIL), the current Interest Expense is ₹-77 Mil 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 Business Description

Other Exchanges 544492:India
Address Road No. 1-C, C-61, C-61, A&B, V. K. I. Area, Jaipur, RJ, IND, 302 013
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.
19GF Score

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