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Mahanagar Gas Ltd

MGL
UtilitiesGas Distribution
SmallcapWith a market cap of ₹10,559 cr, stock is ranked 347
Moderate RiskStock is 2.53x as volatile as Nifty
1,037.8031.20 (-2.92%)

Price Chart

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Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

UtilitiesGas Distribution
SmallcapWith a market cap of ₹10,559 cr, stock is ranked 347
Moderate RiskStock is 2.53x as volatile as Nifty

Key MetricsEdit

No LabelNo Label
13.37
PB RatioPB Ratio
2.94
Dividend YieldDiv. Yield
2.43%
Sector PESector PE
17.48
Sector PBSector PB
2.33
Sector Div YldSctr Div Yld
2.11%

Forecast & RatingsDetailed Forecast 

63%

Analysts have suggested that investors can buy this stock

Price

Price Upside

Pro Only

Earnings

Earnings Growth

Pro Only

Revenue

Rev. Growth

Pro Only

See Detailed Forecast

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.

Brands

Mahanagar Gas

Natural gas distribution company

Brands

Mahanagar Gas

Natural gas distribution company

Financial TrendFinancial statements 

20202021202220233.072.233.656.410.790.620.600.79
Revenue
Profit
All values in ₹ Thousand cr.
See financial statements

Holdings TrendDetailed holdings 

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

See detailed holdings

Recent EventsAll events 

Annual Secretarial Compliance Report 
Announced OnMay 29, 2023

We submit herewith the Secretarial Compliance Report for the Financial Year ended March 31, 2023, issued by M/s. Mayeker & Associates, Company Secretaries pursuant to Regulation 24A of the SEBI (Listing Obligation and Disclosures Requirements) Regulation, 2015.You are requested to take the above information on your records. | Download

We submit herewith the Secretarial Compliance Report for the Financial Year ended March 31, 2023, issued by M/s. Mayeker & Associates, Company Secretaries pursuant to Regulation 24A of the SEBI (Listing Obligation and Disclosures Requirements) Regulation, 2015.You are requested to take the above information on your records. | Download

Analysts/Institutional Investor Meet/Con. Call Updates 
Announced OnMay 22, 2023

Mahanagar Gas Limited has informed the Exchange about Schedule of meet | Download

Mahanagar Gas Limited has informed the Exchange about Schedule of meet | Download

Cash Dividend 
Ex. DateFeb 14, 2023

Interim • Div/Share: ₹ 10

See all events