On average, CNG sales volumes account for over 70% of Mahanagar Gas’ total sales volume, managing director Ashu Shinghal said.

Mahanagar Gas Bets On BEST Buses, Trucks To Drive CNG, LNG Volume Growth

​So, those states will be benefited, but there will be some segments where the total input tax credit is not available, so there maybe the tax rate will be very critical to see at what rate GST will be applied on the gas.

Our focus remains to increase PNG penetration: Ashu Shinghal, Mahanagar Gas

'Plan To Add 50 CNG Stations In FY25': Mahanagar Gas MD Tells | Talking Point With Niraj Shah

Mahanagar Gas Q1 Earnings: Steady Profits Recorded, Ashu Singhal's View On Future Outlook | ET Now

Bajaj Auto and TVS Motor unveiled CNG-powered bikes and scooters, aiming to reduce ownership costs. City gas suppliers like Indraprastha Gas and Mahanagar Gas are ramping up infrastructure to support this trend. This move is expected to increase CNG sales, with the two-wheeler market showing promising growth.

City gas cos pin hopes on CNG 2-wheelers to ride over EV threat

Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 18174.62 Crore) operating in Gas & Petroleum sector.

Buy Mahanagar Gas, target price Rs 2264: Anand Rathi

Going ahead, given lack of geographical areas expansion opportunities, the brokerage builds in a muted volume growth of 5% CAGR over FY24-26E with an Ebitda/scm of Rs 10.5/10/scm for FY25/26.

Mahanagar Gas Q1 Results Review - Total Volume Grows 13% YoY: Prabhudas Lilladher

Mahanagar Gas has reported 22.76% decline in standalone net profit to Rs 284.53 crore in Q1 FY25 as against with Rs 368.40 crore posted in Q1 FY24.

Mahanagar Gas Q1 PAT slides 22% YoY to Rs 284 cr

Mahanagar Gas consolidated net profit declines 21.61% in the June 2024 quarter

Net profit of the city gas distributor jumped 7.4% year-on-year to Rs 285 crore in the first quarter of fiscal 2025.

Mahanagar Gas Q1 Results: Profit Up 7.4%

Mahanagar Gas - Volume Growth Levers In Place: HDFC Securities

Hasn't fared well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

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.