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48% Buy

Mahanagar Gas Share Price

MGL

₹1,284.45-₹8.45 (-0.65%) TodayLast updated on 06 Dec, 2024 | 15:59 IST

Mahanagar Gas Share Price Chart

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  • About Mahanagar Gas
  • Fundamentals
  • Events
  • F&O (Option chain)
  • More
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About Mahanagar Gas

Mahanagar Gas Financials

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Market cap
Market Cap Switch₹12,771 Crs
Open
₹1,287.95
Close
₹1,292.90
Circuit range
₹1,412.85 - ₹1,156.00
Day range
₹1,281.00 - ₹1,309.00
Year range
₹1,075.25 - ₹1,988.00
Volume
6,05,923
Avg. traded
₹1,292.70
Revenue (12m)
₹7,290 Crs
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.

Mahanagar Gas Key indicators

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52 week high
₹1,988.00
52 week low
₹1,075.25
P/E ratio
11.19
P/B ratio
2.29
ROE
27.79%
ROCE
37.6%
Dividend yield
2.34%
Debt/Equity ratio
EPS
130.5

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Investment checklist: (4/6)
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Equity 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

48%

Hold

21%

Sell

31%

This analysis is based on the reviews of 29 experts in the last 7 days

Mahanagar Gas Fundamentals

Mahanagar Gas Financial Ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

29.41%

Net profit margin

18.79%

ROE

27.79%

ROA

19.45%

ROCE

37.6%

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Mahanagar Gas Shareholder returns

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1 day
-0.65%
1 week
+7.78%
1 month
-10.47%
3 months
-30.15%
1 year
+14.99%
3 years
+43.43%
5 years
+25.82%

Revenue statement

All values are in ₹ Crores (Cr)
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  • Revenue

  • Operating profit

  • Net profit

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Cash flow

All values are in ₹ Crores (Cr)
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  • Operating

  • Investing

  • Financing

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Balance sheet

All values are in ₹ Crores (Cr)
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Total assets

Total liabilities

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Mahanagar Gas Share Price history

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DayOpenCloseChange %
Fri, Dec 6 2024
₹1,287.95
₹1,284.45
-0.65%
Thu, Dec 5 2024
₹1,275.00
₹1,292.90
+2.55%
Wed, Dec 4 2024
₹1,276.60
₹1,260.80
-1.37%
Tue, Dec 3 2024
₹1,242.00
₹1,278.25
+3.38%
Mon, Dec 2 2024
₹1,205.00
₹1,236.50
+3.75%
Fri, Nov 29 2024
₹1,180.00
₹1,191.75
+1.00%
Thu, Nov 28 2024
₹1,184.00
₹1,179.95
+0.11%
Wed, Nov 27 2024
₹1,180.00
₹1,178.70
+0.19%

Mahanagar Gas Shareholding Pattern

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Promoters (32.5%)

Mutual Funds (5.13%)

Retail and other (7.84%)

Foreign institutions-FII (34.2%)

Other domestic institutions (20.33%)

Foreign institutions-FII

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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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  • Dividend • ₹18/share

    Ex date

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FAQs on Mahanagar Gas

What is the Mahanagar Gas share price today?

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Mahanagar Gas share price is ₹ 1,284.45 today.

What is today’s high & low share price of Mahanagar Gas?

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Mahanagar Gas share price high: ₹ 1,309.00 and low: ₹ 1,281.00

What is the Mahanagar Gas share price high and low in the last 52 weeks on the NSE?

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52 Week share High Price is ₹ 1,988.00 and Low Price is ₹ 1,075.25

What is the Mahanagar Gas Stock Symbol?

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The Mahanagar Gas Stock symbol is MGL.

Can I buy Mahanagar Gas shares on Holidays?

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No, shares of Mahanagar Gas or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell Mahanagar Gas shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.