Mahanagar Gas Ltd

Mahanagar Gas Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mahanagar Gas Ltd

₹ 1,278 0.52%
15 Jan 9:55 a.m.
mahanagargas.com BSE: 539957 NSE: MGL
About

Mahanagar Gas Ltd is engaged in the business of City gas distribution (CGD), presently supplying natural gas in the city of Mumbai including adjoining areas and the Raigad District in the state of Maharashtra.[1]

Key Points

Business Segments

Website BSE NSE
  • Market Cap ₹ 12,621 Cr.
  • Current Price ₹ 1,278
  • High / Low ₹ 1,989 / 1,075
  • Stock P/E 11.0
  • Book Value ₹ 560
  • Dividend Yield 2.34 %
  • ROCE 36.6 %
  • ROE 27.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 18.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 28.1%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Gas Distribution Industry: Miscellaneous

Part of BSE Allcap BSE 250 SmallCap Index Nifty Energy Nifty 500 BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
830 1,028 1,087 1,455 1,563 1,671 1,610 1,538 1,571 1,569 1,567 1,590 1,712
528 925 871 1,169 1,310 1,415 1,221 1,017 1,092 1,120 1,173 1,171 1,313
Operating Profit 302 103 215 286 253 256 390 521 479 449 394 418 399
OPM % 36% 10% 20% 20% 16% 15% 24% 34% 30% 29% 25% 26% 23%
23 22 23 20 26 32 34 39 44 48 45 40 51
Interest 2 2 2 2 2 2 2 3 2 3 4 3 3
Depreciation 47 48 56 54 55 59 64 62 66 68 78 72 73
Profit before tax 275 75 180 250 221 227 357 496 454 426 357 384 373
Tax % 26% 24% 27% 26% 26% 24% 25% 26% 25% 26% 26% 26% 24%
204 57 132 185 164 172 269 368 338 317 265 285 283
EPS in Rs 20.68 5.75 13.34 18.75 16.60 17.42 27.21 37.30 34.27 32.11 26.83 28.81 28.63
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,514 1,885 2,095 2,078 2,034 2,233 2,791 2,972 2,153 3,560 6,299 6,245 6,437
1,032 1,397 1,605 1,569 1,390 1,453 1,906 1,919 1,219 2,636 5,115 4,402 4,778
Operating Profit 483 488 490 509 644 780 885 1,053 934 924 1,184 1,843 1,659
OPM % 32% 26% 23% 24% 32% 35% 32% 35% 43% 26% 19% 30% 26%
32 34 41 47 53 58 78 99 81 86 112 175 184
Interest 1 0 1 2 1 0 0 7 7 8 9 12 13
Depreciation 71 81 80 83 95 111 126 162 174 196 231 274 291
Profit before tax 442 442 449 472 601 727 837 984 834 806 1,056 1,733 1,540
Tax % 33% 33% 33% 34% 34% 34% 35% 19% 26% 26% 25% 26%
299 297 301 311 393 478 546 794 620 597 790 1,289 1,150
EPS in Rs 33.41 33.27 33.69 34.80 39.83 48.38 55.32 80.33 62.72 60.43 79.98 130.50 116.38
Dividend Payout % 52% 53% 52% 50% 48% 39% 36% 44% 37% 41% 20% 23%
Compounded Sales Growth
10 Years: 13%
5 Years: 17%
3 Years: 43%
TTM: 1%
Compounded Profit Growth
10 Years: 16%
5 Years: 19%
3 Years: 28%
TTM: 0%
Stock Price CAGR
10 Years: %
5 Years: 2%
3 Years: 13%
1 Year: 1%
Return on Equity
10 Years: 23%
5 Years: 23%
3 Years: 22%
Last Year: 28%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 89 89 89 89 99 99 99 99 99 99 99 99 99
Reserves 1,093 1,208 1,318 1,639 1,741 1,997 2,300 2,854 3,134 3,499 4,035 5,044 5,435
10 8 16 5 3 1 -0 67 74 103 115 139 149
587 664 743 637 782 914 1,042 1,109 1,295 1,534 1,783 1,944 2,102
Total Liabilities 1,779 1,969 2,166 2,370 2,624 3,010 3,441 4,128 4,601 5,234 6,032 7,226 7,784
926 991 1,064 1,129 1,305 1,532 1,763 2,049 2,169 2,614 3,026 3,543 3,729
CWIP 315 345 380 429 412 357 370 487 560 616 709 774 840
Investments 302 342 371 393 467 688 654 1,121 1,025 1,088 1,310 1,636 1,890
237 290 350 419 441 434 654 471 847 916 988 1,273 1,325
Total Assets 1,779 1,969 2,166 2,370 2,624 3,010 3,441 4,128 4,601 5,234 6,032 7,226 7,784

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
439 398 427 419 532 652 685 985 806 904 969 1,563
-285 -200 -261 -222 -263 -419 -439 -755 -444 -539 -649 -1,267
-157 -185 -176 -191 -284 -226 -235 -242 -349 -310 -285 -312
Net Cash Flow -3 13 -10 5 -15 8 12 -11 13 54 35 -15

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 22 21 17 16 17 14 13 8 22 19 17 16
Inventory Days 6 5 5 5 8 8 5 5 11 5 3 4
Days Payable 39 34 32 33 43 39 40 35 76 48 26 34
Cash Conversion Cycle -11 -8 -10 -12 -18 -16 -22 -21 -44 -24 -7 -13
Working Capital Days -88 -77 -80 -59 -79 -86 -78 -95 -149 -104 -62 -70
ROCE % 39% 35% 33% 30% 34% 37% 37% 37% 27% 23% 27% 37%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50%
25.32% 24.98% 25.81% 28.37% 29.73% 30.95% 32.38% 30.51% 30.85% 30.54% 31.49% 34.20%
19.05% 17.34% 16.06% 15.58% 15.61% 14.93% 15.15% 16.10% 17.23% 17.40% 16.67% 15.46%
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
13.13% 15.18% 15.63% 13.56% 12.15% 11.60% 9.96% 10.89% 9.43% 9.55% 9.32% 7.84%
No. of Shareholders 1,92,4552,18,2212,14,2501,99,7241,81,2221,67,7171,54,3831,53,5821,41,6171,49,7181,47,5401,42,738

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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