Is Mahanagar Gas a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mahanagar Gas Ltd is a good quality company .

Is Mahanagar Gas undervalued or overvalued?

The key valuation ratios of Mahanagar Gas Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Mahanagar Gas share price return in the past 10 years?

Data is not available for this company

Is Mahanagar Gas a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mahanagar Gas Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Mahanagar Gas Ltd - Stock Valuation and Financial Performance

Name: Mahanagar Gas
Brand: Mahanagar Gas

BSE: 539957 | NSE: MGL | Gas Transmission/Marketing | Small Cap

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Mahanagar Gas Share Price

₹1,257.60 19.95 1.61%
as on 30-Dec'24 16:59

10 Year X-Ray of Mahanagar Gas:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	33%	30%	33.7%	36.9%	37.3%	37%	27.2%	23.8%	27.6%	37.6%	-
Value Creation Index ⓘ	1.5	1.1	1.5	1.7	1.8	1.7	1.0	0.8	1.0	1.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,095	2,078	2,034	2,233	2,791	2,972	2,153	3,560	6,299	6,245	7,065
Sales YoY Gr.	-	-0.8%	-2.1%	9.8%	25%	6.5%	-27.6%	65.4%	76.9%	-0.9%	-
Adj EPS ⓘ	33.5	34.8	39.9	48.6	55.6	80.5	63.2	61.1	80.4	131	116.4
YoY Gr.	-	3.9%	14.4%	21.9%	14.5%	44.7%	-21.5%	-3.3%	31.5%	63%	-
BVPS (₹) ⓘ	157.5	193.5	186.3	212.1	242.9	298.9	327.2	364.2	418.5	520.6	560.2
Adj Net Profit ⓘ	300	311	394	480	549	795	624	603	794	1,294	1,150
Cash Flow from Ops. ⓘ	427	419	532	652	685	985	806	904	969	1,563	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	12.9%	17.5%	42.6%	-0.9%
Adj EPS ⓘ	16.3%	18.7%	27.5%	63%
BVPSⓘ	14.2%	16.5%	16.7%	24.4%
Share Price	-	3.6%	13.8%	4.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	22.2	19.8	22.1	24.4	24.5	29.7	20.2	17.7	20.5	27.9	21.5
Op. Profit Mgn % ⓘ	23.4	24.5	31.7	35.1	31.9	35.5	43.5	26.2	18.9	29.6	23.5
Net Profit Mgn % ⓘ	14.3	15	19.4	21.5	19.7	26.8	29	17	12.6	20.7	16.3
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	33	36	45	48	42	33	45	37	32	43	49
Cash Conv. Cycle ⓘ	-6	-9	-13	-13	-13	-17	-26	-14	-7	-11	6

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 42.62%

Net Profit is growing at healthy rate in last 3 years 27.51%

Return on Equity has declined versus last 3 years average to 21.50%

Sales growth is not so good in last 4 quarters at 0.65%

Latest Financials - Mahanagar Gas Ltd.

	Standalone	Consolidated
TTM EPS (₹)	116.4	115.6
TTM Sales (₹ Cr.)	7,065	7,290
BVPS (₹.) ⓘ	560.2	559.7
Reserves (₹ Cr.) ⓘ	5,435	5,430
P/BV ⓘ	2.21	2.21
PE ⓘ	10.64	10.71

From the Market
52 Week Low / High (₹)	1075.00 / 1988.55
All Time Low / High (₹)	493.20 / 1988.55
Market Cap (₹ Cr.)	12,225
Equity (₹ Cr.)	98.8
Face Value (₹)	10
Industry PE ⓘ	29

Management X-Ray of Mahanagar Gas:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Mahanagar Gas

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Mahanagar Gas

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,095	2,078	2,034	2,233	2,791	2,972	2,153	3,560	6,299	6,245
Operating Expenses ⓘ	1,605	1,569	1,391	1,453	1,906	1,920	1,222	2,637	5,115	4,402
Manufacturing Costs	144	163	174	189	209	211	160	230	268	302
Material Costs	1,296	1,230	1,018	1,029	1,399	1,380	747	2,045	4,435	3,618
Employee Cost	51	56	60	67	71	81	88	83	108	118
Other Costs ⓘ	114	121	139	168	226	248	227	279	305	364
Operating Profit ⓘ	490	509	643	780	885	1,053	931	923	1,184	1,843
Operating Profit Margin (%)	23.4%	24.5%	31.6%	34.9%	31.7%	35.4%	43.2%	25.9%	18.8%	29.5%
Other Income ⓘ	41	48	54	58	78	99	84	87	112	175
Interest ⓘ	1	2	1	0	0	7	7	8	9	12
Depreciation ⓘ	80	83	95	111	126	162	174	196	231	274
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	449	472	601	727	837	984	834	806	1,056	1,733
Tax ⓘ	148	161	207	249	291	190	214	209	265	444
Profit After Tax	301	311	393	478	546	794	620	597	790	1,289
PAT Margin (%)	14.4%	15.0%	19.3%	21.4%	19.6%	26.7%	28.8%	16.8%	12.5%	20.6%
Adjusted EPS (₹)	33.7	34.8	39.8	48.4	55.3	80.3	62.7	60.4	80.0	130.5
Dividend Payout Ratio (%)	52%	50%	48%	39%	36%	44%	37%	41%	33%	23%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,407	1,728	1,840	2,095	2,399	2,953	3,232	3,597	4,134	5,143
Share Capital ⓘ	89	89	99	99	99	99	99	99	99	99
Reserves ⓘ	1,318	1,639	1,741	1,997	2,300	2,854	3,134	3,499	4,035	5,044
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	16	4	3	1	0	0	0	0	0	0
Long Term Debt	16	4	3	1	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	112	112	120	110	152	132	156	272	322	334
Others Liabilities ⓘ	631	526	661	804	890	1,044	1,213	1,365	1,576	1,749
Total Liabilities ⓘ	2,166	2,370	2,624	3,010	3,441	4,128	4,601	5,234	6,032	7,226
Fixed Assets
Gross Block	1,671	1,211	1,482	1,819	2,174	2,618	2,911	3,504	4,119	4,878
Accumulated Depreciation	607	82	177	287	411	569	742	891	1,093	1,335
Net Fixed Assetsⓘ	1,064	1,129	1,305	1,532	1,763	2,049	2,169	2,614	3,026	3,543
CWIP ⓘ	380	429	412	357	370	487	560	616	709	774
Investmentsⓘ	371	393	467	688	654	1,121	1,025	1,088	1,310	1,636
Inventories	17	18	24	24	19	19	22	27	34	40
Trade Receivables	96	92	95	88	100	68	128	184	294	281
Cash Equivalents	145	175	136	92	299	229	512	465	228	398
Others Assetsⓘ	92	134	187	230	236	154	185	239	432	554
Total Assets ⓘ	2,166	2,370	2,624	3,010	3,441	4,128	4,601	5,234	6,032	7,226

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	427	419	532	652	685	985	806	904	969	1,563
PBT ⓘ	449	472	601	727	837	984	834	806	1,056	1,733
Adjustment ⓘ	50	53	58	72	82	103	118	144	164	164
Changes in Working Capital ⓘ	66	44	60	82	37	137	60	165	13	91
Tax Paid ⓘ	-139	-150	-186	-228	-271	-238	-206	-212	-264	-424
Cash Flow From Investing Activity ⓘ	-261	-222	-263	-419	-439	-755	-444	-539	-649	-1,267
Capex	-197	-215	-254	-269	-362	-426	-340	-647	-713	-770
Net Investments	-94	-38	-43	-179	-114	-376	-140	66	18	221
Others ⓘ	31	31	34	30	38	47	36	42	46	-718
Cash Flow From Financing Activityⓘ	-176	-191	-284	-226	-235	-242	-349	-310	-285	-312
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-1	0	0	-1	0	-2	0	0	0	0
Dividend Paid ⓘ	-156	-156	-282	-145	-191	-178	-322	-281	-252	-277
Others ⓘ	-19	-35	-2	-81	-43	-62	-26	-29	-33	-35
Net Cash Flow ⓘ	-10	5	-15	8	12	-11	13	54	35	-15

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	22.26	19.83	22.05	24.29	24.32	29.66	20.03	17.48	20.44	27.79
ROCE (%)	33.03	30.02	33.65	36.89	37.25	37	27.19	23.83	27.55	37.6
Asset Turnover Ratio	1.11	1.01	0.9	0.87	0.95	0.86	0.54	0.79	1.23	1.04
PAT to CFO Conversion(x)	1.42	1.35	1.35	1.36	1.25	1.24	1.3	1.51	1.23	1.21
Working Capital Days
Receivable Days	16	15	15	14	11	9	15	15	13	15
Inventory Days	3	3	3	4	3	2	3	2	2	2
Payable Days	31	33	42	41	34	38	70	38	24	33

Mahanagar Gas Ltd Stock News

Mahanagar Gas Ltd FAQs

What is the share price of Mahanagar Gas?

Company share prices are keep on changing according to the market conditions. The closing price of Mahanagar Gas on 30-Dec-2024 16:59 is ₹1,257.6.

What is the market cap of Mahanagar Gas?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 30-Dec-2024 16:59 the market cap of Mahanagar Gas stood at ₹12,225.2.

What is the P/E ratio of Mahanagar Gas?

The latest P/E ratio of Mahanagar Gas as of 30-Dec-2024 16:59 is 10.64.

What is the P/B ratio of Mahanagar Gas?

The latest P/B ratio of Mahanagar Gas as of 30-Dec-2024 16:59 is 2.21.

What is the 52-week high and low of Mahanagar Gas?

The 52-week high of Mahanagar Gas is ₹1,988.6 and the 52-week low is ₹1,075.

What is the TTM revenue of Mahanagar Gas?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mahanagar Gas is ₹7,065 ( Cr.) .

About Mahanagar Gas Ltd

Mahanagar Gas Limited, (MGL) one of the India's leading Natural Gas Distribution Companies was incorporated on May 8, 1995. GAIL (India) Limited (Maharatna Company of Govt. of India) is the promoter of MGL.

Mahanagar Gas (MGL) is one of the leading Natural Gas Distribution Companies in India. MGL is the sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane and Raigad district of Maharashtra. Promoted by GAIL (India) Limited, the largest state-owned natural gas processing and distribution Company in India and BG Asia Pacific Holdings Pte. Ltd (BGAPH), MGL distributes CNG for motor vehicles and PNG for domestic, commercial as well as industrial use.

Business area of the company

MGL is in the business of City Gas Distribution (CGD), supplying natural gas in the city of Mumbai including its adjoining areas and the Raigad district, in the State of Maharashtra, India.

Services offered by the company

Domestic PNG
Commercial PNG
CNG
Industrial PNG
Gas Geysers

Awards

2009: MGL Certified for OHSAS 18001:2007 Occupational Health & Safety Management Systems in July 2009
2009: MGL recertified for ISO 14001:2004 in November 2009
2009: 6th CII Western Region SHE award 2009 (Service Sector-Large)
2010: BG Chairman’s Award for Safety 2010
2013: Greentech Safety Award, 2013
2013: Greentech Environment Excellence Award, 2013
2014: Greentech CSR Award, 2014
2015: Greentech CSR Award, 2015
2015: 5th Annual Greentech CSR Award 2015
2015: Pt. Madan Mohan Malviya Award being presented for CSR Initiative - MGL Unnati, 2015
2015: Golden Peacock Award for Corporate Social Responsibility, 2015
2015: Rashtra Vibhushan Award 2015 in Gold Category
2016: Greentech HR Award 2016
2016: Rashtra Vibhushan Award 2016
2016: Greentech Safety Awards 2016 in Gold Category
2016: Best Education Improvement Award by World CSR Day 2016
2016: Rashtra Vibhushan Award 2016-17
2017: The Middle East CSR Leadership Awards 2017
2017: Nava Bharat CSR Leadership Summit Awards 2017
2017: National Award for Excellence in CSR & Sustainability 2017
2017: Innov Awars 2017 in Gold Category
2017: Golden Tigers Award 2017
2018: Yes Bank - Business World Best CFO Award 2018
2018: Social Change Award 2018 by Govt. of India
2018: Financial Express CFO Awards 2018
2019: MGL was conferred with Stars of Industry Award, 2019 for outstanding achievement in CSR.

Major events and milestones

1997-1998: The first natural gas supply and transportation contract was signed with GAIL.
2008-2009: Completed laying 2,000 km of PE pipeline in GA 1.
2010-2011: Completed laying 200 km of steel pipeline in GA 1 and achieved a customer base of 0.5 million domestic customers.
2011-2012: Commissioned 150th CNG dispensing station.
2012-2013: Completed laying more than 350 km of PE pipeline and 350 km of steel pipelines.
2013-2014: Achieved a customer base of 1.0 million customers.
2017: MGL crosses 200th CNG Station mark in MMR
2017-18: Mahanagar Gas sets up First CNG Station in Raigad.
2018-19: Expanded its network in Raigad by operating 10 CNG stations.
2019-20: Crossed a milestone of 250 CNG stations.