Mahanagar Gas Ltd
MGLMahanagar Gas Ltd
MGL
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 12.95 | 2.88 | 2.00% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 23.11 | 3.51 | 1.28% |
Forecast & Ratings
Detailed Forecast from 29 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
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Revenue Forecast
All values in ₹ Thousand cr.
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2023 | FY 2024 | TTM | |||
|---|---|---|---|---|---|---|
| Total Revenue | 6,411.16 | 6,464.97 | 6,808.16 | |||
Raw Materials | 4,454.93 | 3,656.65 | 4,939.48 | |||
| Power & Fuel Cost | 148.18 | 157.52 | ||||
| Employee Cost | 137.09 | 151.35 | ||||
| Selling & Administrative Expenses | 33.18 | 37.04 | ||||
| Operating & Other expenses | 341.71 | 443.64 | ||||
EBITDA | 1,296.07 | 2,018.77 | 1,868.68 | |||
| Depreciation/Amortization | 231.14 | 283.87 | 324.50 | |||
| PBIT | 1,064.93 | 1,734.90 | 1,544.18 | |||
| Interest & Other Items | 9.39 | 13.30 | 14.72 | |||
| PBT | 1,055.54 | 1,721.60 | 1,529.46 | |||
| Taxes & Other Items | 265.49 | 445.23 | 387.73 | |||
| Net Income | 790.05 | 1,276.37 | 1,141.73 | |||
| EPS | 79.98 | 129.22 | 115.59 | |||
| DPS | 16.00 | 30.00 | 30.00 | |||
| Payout ratio | 0.20 | 0.23 | 0.26 |
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 | 11.59 | 2.88 | 2.00% |
| Gail (India) Ltd | 13.69 | 1.76 | 2.67% |
| Adani Total Gas Ltd | 119.31 | 22.24 | 0.03% |
| Gujarat Gas Ltd | 31.68 | 4.69 | 1.08% |
Price Comparison
Compare MGL with any stock or ETFShareholdings
Promoter Holdings Trend
Institutional Holdings Trend
Decreased Total Retail Holding
In last 3 months, retail holding in the company has decreased by 1.13%
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 2.71%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 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 1.1689% | Percentage of the fund’s portfolio invested in the stock 0.72% | Change in the portfolio weight of the stock over the last 3 months 0.06% | 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 81/135 (+3) |
UTI Value Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7002% | Percentage of the fund’s portfolio invested in the stock 0.99% | Change in the portfolio weight of the stock over the last 3 months -0.06% | 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 52/69 (-2) |
Aditya Birla Sun Life PSU Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5136% | Percentage of the fund’s portfolio invested in the stock 1.33% | Change in the portfolio weight of the stock over the last 3 months 0.03% | 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 23/45 (-1) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No dividend trend available
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
EBITDA fell by 16.8% to Rs 282.8 crore in Q2 FY25 from Rs 338.5 crore in Q2 FY24. EBITDA margin for the period under review was 23.28% (down 720 basis points YoY). Total sales volume rose by 13.1% YoY to 371.85 SCM million in Q2 FY25. CNG and PNG sales volume for September'24 quarter were 265.47 SCM million (up 11.7% YoY) and 106.38 SCM million (up 16.6% YoY), respectively. Mahanagar Gas is in the business of city gas distribution (CGD), presently distribution of natural gas for domestic industrial, commercial customers and CNG vehicles. Powered by Capital Market - Live
Net profit of Mahanagar Gas declined 16.25% to Rs 283.51 crore in the quarter ended September 2024 as against Rs 338.50 crore during the previous quarter ended September 2023. Sales rose 13.71% to Rs 1786.25 crore in the quarter ended September 2024 as against Rs 1570.93 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1786.251570.93 14 OPM %23.1430.48 - PBDT457.15520.12 -12 PBT371.98454.33 -18 NP283.51338.50 -16 Powered by Capital Market - Live
Mahanagar Gas will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live
Mahanagar Gas (down 12.03%), Indraprastha Gas (down 10.55%), Adani Total Gas (down 1.19%), Gujarat Gas (down 0.75%) and Gail (India) (down 0.47%) declined. The government's move is expected to force city gas distribution companies, which supply CNG for vehicles, to increase their reliance on more expensive imported gas. This will likely put pressure on their profitability and potentially lead to higher CNG prices for consumers. Mahanagar Gas, one of the affected companies, stated that the reduced allocation will have a negative impact on its profitability. To mitigate the shortfall, the company is actively exploring alternative gas sourcing options, including domestically produced High Pressure High Temperature (HPHT) gas, New Well/Well Intervention gas (NWG) from ONGC, and benchmark-linked long-term gas contracts. Indraprastha Gas also announced that it has faced a significant reduction in its domestic gas allocation, which could adversely affect its profitability. The company is currently in discussions with key stakeholders to minimize the impact of this cut. Powered by Capital Market - Live
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
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