Mahanagar Gas Ltd
MGLMahanagar Gas Ltd
MGL
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 14.98 | 3.49 | 1.65% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 24.55 | 3.80 | 1.21% |
Forecast & Ratings
Detailed Forecast from 28 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Mahanagar Gas Limited is a natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and its adjoining areas.
Peers
Compare with peersGail (India) Ltd
Adani Total Gas Ltd
Gujarat Gas Ltd
Indraprastha Gas Ltd
Gujarat State Petronet Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 2,125.48 | 2,086.63 | 2,290.69 | 2,868.78 | 3,071.08 | 2,233.04 | 3,645.93 | 6,411.16 | 6,464.97 | 6,589.62 | ||||||||||
Raw Materials | 1,232.03 | 1,020.01 | 1,030.86 | 1,402.06 | 1,383.21 | 748.86 | 2,058.96 | 4,454.93 | 3,656.65 | 4,658.70 | ||||||||||
| Power & Fuel Cost | 104.44 | 103.97 | 104.91 | 116.22 | 117.01 | 72.95 | 121.80 | 148.18 | 157.52 | |||||||||||
| Employee Cost | 75.11 | 80.87 | 87.25 | 91.87 | 102.64 | 102.28 | 108.41 | 137.09 | 151.35 | |||||||||||
| Selling & Administrative Expenses | 25.02 | 26.81 | 29.77 | 33.83 | 25.07 | 40.35 | 22.37 | 33.18 | 37.04 | |||||||||||
| Operating & Other expenses | 132.41 | 158.16 | 200.10 | 261.64 | 291.36 | 254.14 | 324.33 | 341.71 | 443.64 | |||||||||||
EBITDA | 556.47 | 696.81 | 837.80 | 963.16 | 1,151.79 | 1,014.46 | 1,010.06 | 1,296.07 | 2,018.77 | 1,930.92 | ||||||||||
| Depreciation/Amortization | 82.61 | 95.13 | 111.18 | 125.93 | 161.73 | 173.67 | 196.27 | 231.14 | 283.87 | 305.12 | ||||||||||
| PBIT | 473.86 | 601.68 | 726.62 | 837.23 | 990.06 | 840.79 | 813.79 | 1,064.93 | 1,734.90 | 1,625.80 | ||||||||||
| Interest & Other Items | 2.22 | 1.02 | 0.09 | 0.32 | 6.53 | 7.19 | 7.53 | 9.39 | 13.30 | 13.99 | ||||||||||
| PBT | 471.64 | 600.66 | 726.53 | 836.91 | 983.53 | 833.60 | 806.26 | 1,055.54 | 1,721.60 | 1,611.81 | ||||||||||
| Taxes & Other Items | 160.74 | 207.23 | 248.64 | 290.53 | 190.03 | 214.03 | 209.31 | 265.49 | 445.23 | 415.09 | ||||||||||
| Net Income | 310.90 | 393.43 | 477.89 | 546.38 | 793.50 | 619.57 | 596.95 | 790.05 | 1,276.37 | 1,196.72 | ||||||||||
| EPS | 34.80 | 41.83 | 48.38 | 55.31 | 80.33 | 62.72 | 60.43 | 79.98 | 129.22 | 121.15 | ||||||||||
| DPS | 17.50 | 19.00 | 19.00 | 20.00 | 35.00 | 23.00 | 25.00 | 16.00 | 30.00 | 28.00 | ||||||||||
| Payout ratio | 0.50 | 0.45 | 0.39 | 0.36 | 0.44 | 0.37 | 0.41 | 0.20 | 0.23 | 0.23 |
Company Updates
Investor Presentation
Investor Presentation
Annual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
UtilitiesGas Distribution
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Mahanagar Gas Ltd | 14.04 | 3.49 | 1.65% |
| Gail (India) Ltd | 15.55 | 1.99 | 2.35% |
| Adani Total Gas Ltd | 141.85 | 26.45 | 0.03% |
| Gujarat Gas Ltd | 35.84 | 5.83 | 0.95% |
Price Comparison
Compare MGL with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Mahanagar Gas Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Axis Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.9576% | Percentage of the fund’s portfolio invested in the stock 0.73% | Change in the portfolio weight of the stock over the last 3 months 0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 42/134 (+5) |
UTI Value Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6258% | Percentage of the fund’s portfolio invested in the stock 1.08% | Change in the portfolio weight of the stock over the last 3 months -0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 47/69 (0) |
UTI Dividend Yield Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4371% | Percentage of the fund’s portfolio invested in the stock 1.92% | Change in the portfolio weight of the stock over the last 3 months -0.02% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 25/56 (-3) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 1.65%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹16.53 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 14, 2024
Dividend/Share
₹18.00
Ex DateEx Date
Aug 14, 2024
Cash Dividend
Ex DateEx DateFeb 5, 2024
Dividend/Share
₹12.00
Ex DateEx Date
Feb 5, 2024
Cash Dividend
Ex DateEx DateAug 14, 2023
Dividend/Share
₹16.00
Ex DateEx Date
Aug 14, 2023
Cash Dividend
Ex DateEx DateFeb 14, 2023
Dividend/Share
₹10.00
Ex DateEx Date
Feb 14, 2023
Cash Dividend
Ex DateEx DateAug 11, 2022
Dividend/Share
₹15.50
Ex DateEx Date
Aug 11, 2022
Mahanagar Gas Bets On BEST Buses, Trucks To Drive CNG, LNG Volume Growth
Our focus remains to increase PNG penetration: Ashu Shinghal, Mahanagar Gas
Mahanagar Gas has fixed 14 August 2024 as record date for payment for final dividend of Rs 18 per share for FY 2023-14. Powered by Capital Market - Live
City gas cos pin hopes on CNG 2-wheelers to ride over EV threat
Buy Mahanagar Gas, target price Rs 2264: Anand Rathi
Mahanagar Gas Q1 Results Review - Total Volume Grows 13% YoY: Prabhudas Lilladher
Mahanagar Gas Q1 PAT slides 22% YoY to Rs 284 cr
Mahanagar Gas consolidated net profit declines 21.61% in the June 2024 quarter
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 17.65%, vs industry avg of 12.78%
Increasing Market Share
Over the last 5 years, market share increased from 2.65% to 3.27%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 18.49%, vs industry avg of 11.76%