Mangal Electrical Industries (NSE:MEIL) Inventory Turnover: 0.77 (As of Mar. 2026)


NSE:MEIL Mangal Electrical Industries Ltd NSE:MEIL
19 GF Score
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! 4 Warning Signs
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What is Mangal Electrical Industries Inventory Turnover?

Mangal Electrical Industries NSE:MEIL -2.74% 19 Inventory Turnover is 0.77 as of Mar. 2026. GuruFocus rates NSE:MEIL with a GF Score™ of 19/100. The stock has 4 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Mangal Electrical Industries's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹1,487 Mil. Mangal Electrical Industries's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹1,920 Mil. Mangal Electrical Industries's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mangal Electrical Industries's Days Inventory for the three months ended in Mar. 2026 was 117.88.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Mangal Electrical Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 1.07.


Mangal Electrical Industries  (NSE:MEIL) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Mangal Electrical Industries's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=1920.474/1486.629*365 / 4
=117.88

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Mangal Electrical Industries's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=1920.474 / 1794.164
=1.07

* 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.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Mangal Electrical Industries Inventory Turnover Related Terms


Mangal Electrical Industries Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Mangal Electrical Industries's Inventory Turnover 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 Inventory Turnover Chart

Mangal Electrical Industries Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
1.92 2.97 4.51 3.60 2.69

Mangal Electrical Industries Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only 0.72 0.78 0.71 0.69 0.77
NSE:MEIL
19GF Score
Mangal Electrical Industries Ltd NSE:MEIL
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Mangal Electrical Industries Inventory Turnover Calculation

Mangal Electrical Industries's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=4578.852 / ((1482.694 + 1920.474) / 2 )
=4578.852 / 1701.584
=2.69

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

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=1486.629 / ((0 + 1920.474) / 1 )
=1486.629 / 1920.474
=0.77

* 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 Inventory Turnover →
What does a Inventory Turnover of 0.77 mean?
Mangal Electrical Industries (NSE:MEIL) has a Inventory Turnover of 0.77 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Mangal Electrical Industries and its competitors.
Is Mangal Electrical Industries' Inventory Turnover too high?
Mangal Electrical Industries' current Inventory Turnover is 0.77. 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' Inventory Turnover compare to VRT and BE?
Mangal Electrical Industries' Inventory Turnover of 0.77 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 Inventory Turnover for an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products industry context. However, Inventory Turnover 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 Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Mangal Electrical Industries and its competitors. Mangal Electrical Industries's current Inventory Turnover is 0.77. 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 Inventory Turnover of 0.77. The current Inventory Turnover is 0.77. 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 Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Mangal Electrical Industries (NSE:MEIL), the current Inventory Turnover is 0.77 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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