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Mahanagar Gas Ltd

MGL
UtilitiesGas Distribution
SmallcapWith a market cap of ₹17,310 cr, stock is ranked 383
Moderate RiskStock is 2.93x as volatile as Nifty
1,846.1093.65 (+5.34%)

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Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

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 ₹17,310 cr, stock is ranked 383
Moderate RiskStock is 2.93x as volatile as Nifty

Key MetricsEdit

No LabelNo Label
14.46
PB RatioPB Ratio
4.19
Dividend YieldDiv. Yield
1.71%
Sector PESector PE
24.15
Sector PBSector PB
3.93
Sector Div YldSctr Div Yld
1.22%

Forecast & RatingsDetailed Forecast 

62%

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 

20212022202320242.233.656.416.460.620.600.791.28
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 

Outcome of Board Meeting 
Announced OnJul 25, 2024

We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. Thursday, July 25, 2024 has inter-alia approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2024, as reviewed and recommended by the Audit Committee.Pursuant to Regulation 33 of the Listing Regulations, we are enclosing herewith the following:1) Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2024;2) Limited Review Reports on of the Statutory Auditors on the aforesaid Results;3) The performance indicators being shared with Analysts/ Institutional Investors for the said period. | Download

We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. Thursday, July 25, 2024 has inter-alia approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2024, as reviewed and recommended by the Audit Committee.Pursuant to Regulation 33 of the Listing Regulations, we are enclosing herewith the following:1) Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2024;2) Limited Review Reports on of the Statutory Auditors on the aforesaid Results;3) The performance indicators being shared with Analysts/ Institutional Investors for the said period. | Download

Trading Window-XBRL 
Announced OnJun 28, 2024

Mahanagar Gas Limited has informed the Exchange about Closure of Trading Window | Download

Mahanagar Gas Limited has informed the Exchange about Closure of Trading Window | Download

Cash Dividend 
Ex. DateFeb 5, 2024

Interim • Div/Share: ₹ 12

See all events