1. Mahanagar Gas
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72% Buy

Mahanagar Gas Share Price

MGL

₹1,452.00-₹4.25 (-0.29%) Past Year
₹1,442.45₹1,461.50
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Company overview

About

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Market cap

Market Cap Switch₹14,481 Cr

Open

₹1,457.00

Close

₹1,456.25

Circuit range

₹1,601.85 - ₹1,310.65

Day range

₹1,442.45 - ₹1,461.50

Year range

₹970.55 - ₹1,580.00

Volume

56,028

Avg. traded

₹1,448.86

Revenue (12m)

₹6,915 Cr

Mahanagar Gas

Mahanagar Gas Limited (MGL) is a major natural gas distribution company in India. Formed in 1995, Mahanagar Gas has GAIL Limited and the Government of Maharashtra as its promotors. The company is known for pioneering the natural gas distribution network in Mumbai and its adjoining regions. It is the only distributor of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Mumbai, Thane and Raigad district in Maharashtra.

The market capitalisation of Mahanagar Gas Limited is over ₹12,400 crore as of January 12, 2024. Mahanagar Gas share price has gained over 12% in the last three years.

Business operations

Mahanagar Gas caters to a diverse customer base through its CNG and PNG services. With a substantial CNG customer base of 9.2 lakh and an active PNG customer base of 15.1 lakh, Mahanagar Gas plays a crucial role in providing clean and efficient energy solutions.

The company has an extensive gas pipeline network, spanning over 6,500 kilometers, utilising both steel and polyethylene materials. This infrastructure facilitates domestic connectivity for a staggering 2.17 million households. Mahanagar Gas also operates 1,909 CNG dispensing points, enhancing its accessibility to eco-friendly fueling solutions.

It manages five city gate stations strategically situated in Sion (Mumbai), Mahape (Navi Mumbai), Ambernath (Thane), Taloja (Raigad) and Savroli (Raigad). In total, Mahanagar Gas maintains 31 offices to facilitate its business operations.

Mahanagar Gas’ extensive network in Mumbai, its adjoining areas and Raigad district spans 6,742 kilometres and consists of both carbon steel and polyethene pipelines, connecting over 23.72 lakh domestic customers. The domestic PNG provided through this network serves various purposes including cooking and water heating.

The PNG and CNG business segments are the core of Mahanagar Gas’ business. In FY23, the company commissioned a medium-density polyethylene line to Maharashtra's Raj Bhavan premises. The company reached an unprecedented connectivity milestone by servicing 3,05,030 domestic households. There were the highest-ever domestic PNG conversions totalling 1,38,000, illustrating a strong customer preference for sustainable energy solutions.

A strategic Memorandum of Understanding (MoU) was established with the Indian Navy to provide PNG connections, enriching the lives of approximately 8000 armed forces households and other defence establishments. Mahanagar Gas has plans to add 200 CNG stations within the next five years.

When it comes to the CNG segment, in December 2022, Mahanagar Gas Limited inaugurated the 300th CNG station, contributing to a total of 313 CNG stations by the conclusion of FY 23. To enhance infrastructure further, it has undertaken lease agreements with City and Industrial Development Corporation, Maharashtra Industrial Development Corporation, Maharashtra State Road Transport Corporation and the Government of Maharashtra for the development of additional Mahanagar Gas-owned CNG stations in the future.

Mahanagar Gas had ׁ509 employees of which 49 (around 10%) were women employees as of March 31, 2023.

Financial Highlights

– Mahanagar Gas Limited's revenue from operations for FY23 stood at ₹6,921 crore, up by 78.15% compared to ₹3,885 crore in FY22. – The net profit after tax for the financial year 2022-23 was ₹790 crore compared to ₹597 crore during the previous year. – In FY23, the earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹1,184 crore from the previous year's ₹924 crore. – The company's earnings per share (EPS) stood at ₹79.98 in FY23 compared to ₹60.43 in the previous financial year.

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Mahanagar Gas Key indicators

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52 week high

₹1,580.00

52 week low

₹970.55

P/E ratio

P/B ratio

ROE

20.44%

ROCE

27.55%

Dividend yield

1.79%

Debt/Equity ratio

EPS

79.98

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

72%

Hold

16%

Sell

12%

This analysis is based on the reviews of 25 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

18.73%

Net profit margin

11.42%

ROE

20.44%

ROA

14.03%

ROCE

27.55%

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Mahanagar Gas Shareholder returns

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1 day

-0.01%

1 week

+3.62%

1 month

+10.66%

3 months

+23.45%

1 year

+46.76%

3 years

+28.20%

5 years

+46.00%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Mahanagar Gas Share Price history

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DayOpenCloseDay’s change
Wed, Apr 10 2024
₹1,454.90
₹1,456.25
+0.09%
Tue, Apr 9 2024
₹1,482.05
₹1,456.40
-1.76%
Mon, Apr 8 2024
₹1,442.00
₹1,483.10
+2.77%
Fri, Apr 5 2024
₹1,395.60
₹1,440.20
+3.10%
Thu, Apr 4 2024
₹1,412.95
₹1,394.95
-1.29%
Wed, Apr 3 2024
₹1,399.05
₹1,405.35
+0.45%
Tue, Apr 2 2024
₹1,398.85
₹1,400.85
+0.14%
Mon, Apr 1 2024
₹1,368.50
₹1,385.00
+1.19%

Shareholding info

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Promoters (32.5%)

Mutual Funds (3.98%)

Retail and other (9.42%)

Foreign institutions-FII (30.85%)

Other domestic institutions (23.25%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹12/share

    Ex date 05 Feb 2024

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  • Dividend • ₹16/share

    Ex date 14 Aug 2023

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  • Dividend • ₹10/share

    Ex date 14 Feb 2023

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  • Dividend • ₹15.5/share

    Ex date 11 Aug 2022

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  • Dividend • ₹9.5/share

    Ex date 17 Feb 2022

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Frequently asked questions