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Mahanagar Gas logo

MGL - Mahanagar Gas Share Price

₹1135.9 -39.0  -3.3%

Last Trade - 17/09/21

Sector
Utilities
Size
Mid Cap
Market Cap £1.11bn
Enterprise Value £956.9m
Revenue £268.9m
Position in Universe 310th / 3148
Bullish
Bearish
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Momentum
Relative Strength (%)
1m -5.39%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -11.6%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Mar 2016 2017 2018 2019 2020 2021 2022E 2023E CAGR / Avg
22,851 22,391 24,529 30,568 32,645 23,378 29,603 35,270 +0.5%
+1.2 +26.3 +24.3 +14.5 +34.5 -15.4 +33.5 +10.2
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the three months ended 30 June 2021, MahanagarGas Ltd revenues increased from RS2.77B to RS6.67B. Netincome increased from RS452.5M to RS2.04B. Revenues reflectan increase in demand for the Company's products andservices due to favorable market conditions. Net incomebenefited from Expense decrease of 19% to RS200.3M(expense). Basic Earnings per Share excluding ExtraordinaryItems increased from RS4.58 to RS20.66.
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
Other Ratios
Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Latest News & Insights for MGL
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2021
31st Dec 2022
Est. Long Term Growth Rate: Net Profit
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Consensus Estimate
1m Change
3m Change
Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2020 /  2021
MGL EPS Forecasts Unlock MGL Revenue
Profile Summary

Mahanagar Gas Limited is a city 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 and in the Raigad district in the state of Maharashtra, India. It also supplies CNG for vehicles, including rickshaws, taxis and cars in Mumbai, Thane, Mira-Bhayander, Navi Mumbai. It supplies CNG to Brihanmumbai Electricity Supply and Transport/Thane Municipal Transport/Maharashtra State Road Transport Corporation/Navi Mumbai Municipal Transport (BEST/TMT/MSRTC/NMMT) buses, light commercial vehicles (LCVs)/ tempos/ trucks/private buses. It offers PNG for domestic, commercial and industrial purpose. It offers PNG for various industries, including metal, pharmaceuticals, food and beverages, printing and dyeing, oil mills, power generation and air conditioning. It also installs gas geysers. Its commercial PNG has various applications in hospitals, hotels, power, charitable trusts and industries.

Directors
Last Annual March 31st, 2021
Last Interim June 30th, 2021
Incorporated May 8, 1995
Public Since July 1, 2016
No. of Shareholders: 151,266
No. of Employees: 496
Sector Utilities
Industry Natural Gas Utilities
Index
Exchange National Stock Exchange of India
Shares in Issue 98,777,778
Free Float (0.0%)
Eligible for
ISAs
SIPPs
MGL Share Price Performance
Share Price
Bid - Ask
Low - High
Spread
Day's Change
Avg Volume
Open - Close
Range (12m)
Beta
Latest News for MGL
Upcoming Events for MGL
Friday 24th September, 2021 Estimate
Mahanagar Gas Ltd Annual Shareholders Meeting
Tuesday 28th September, 2021
Mahanagar Gas Ltd Annual Shareholders Meeting
Wednesday 10th November, 2021 Estimate
Q2 2022 Mahanagar Gas Ltd Earnings Release
Monday 7th February, 2022 Estimate
Q3 2022 Mahanagar Gas Ltd Earnings Release
Frequently Asked Questions for Mahanagar Gas
What is the Mahanagar Gas share price?

As of 17/09/21, shares in Mahanagar Gas are trading at ₹1135.9, giving the company a market capitalisation of £1.11bn. This share price information is delayed by 15 minutes.

How has the Mahanagar Gas share price performed this year?

Shares in Mahanagar Gas are currently trading at ₹1135.9 and the price has moved by 24.59% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Mahanagar Gas price has moved by -19.02% over the past year.

What are the analyst and broker recommendations for Mahanagar Gas?

Of the analysts with advisory recommendations for Mahanagar Gas, there are there are currently 10 "buy" , 5 "hold" and 2 "sell" recommendations. The overall consensus recommendation for Mahanagar Gas is Hold. You can view the full broker recommendation list by unlocking its StockReport.

When will Mahanagar Gas next release its financial results?

Mahanagar Gas is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2022-06-30
What is the Mahanagar Gas dividend yield?

The Mahanagar Gas dividend yield is 2.02% based on the trailing twelve month period.

Does Mahanagar Gas pay a dividend?

Last year, Mahanagar Gas paid a total dividend of 23, and it currently has a trailing dividend yield of 2.02%. Looking ahead, shares in Mahanagar Gas are due to go ex-dividend on 2021-09-17 and the next dividend pay date is 2021-10-28.

When does Mahanagar Gas next pay dividends?

Mahanagar Gas are due to go ex-dividend on 2021-09-17 and the next dividend pay date is 2021-10-28. The historic dividend yield on Mahanagar Gas shares is currently 2.02%.

How do I buy Mahanagar Gas shares?

To buy shares in Mahanagar Gas you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Mahanagar Gas?

Shares in Mahanagar Gas are currently trading at ₹1135.9, giving the company a market capitalisation of £1.11bn.

Where are Mahanagar Gas shares listed? Where are Mahanagar Gas shares listed?

Here are the trading details for Mahanagar Gas:

Country of listing: India
Exchange: NSI
Ticker Symbol: MGL
What kind of share is Mahanagar Gas?

Based on an overall assessment of its quality, value and momentum, Mahanagar Gas is currently classified as a Style Neutral. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Mahanagar Gas share price forecast 2021?

Shares in Mahanagar Gas are currently priced at ₹1135.9. At that level they are trading at 18.42% discount to the analyst consensus target price of 0.00.

Analysts covering Mahanagar Gas currently have a consensus Earnings Per Share (EPS) forecast of 84.385 for the next financial year.

How can I tell whether the Mahanagar Gas share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Mahanagar Gas. Over the past six months, the relative strength of its shares against the market has been -15.03%. At the current price of ₹1135.9, shares in Mahanagar Gas are trading at 0.41% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Mahanagar Gas PE Ratio?

The Mahanagar Gas PE ratio based on its reported earnings over the past 12 months is 14.41. The shares are currently trading at ₹1135.9.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of Mahanagar Gas?

Mahanagar Gas's management team is headed by:

Ashutosh Karnatak - NED
Rajeev Mathur - MDR
Nitin Banerjee - NED
Sunil Ranade - CFO
Rajesh Wagle - OTH
Shashwat Agrawal - SVP
Srinivasan Murali - OTH
V. Datt - NED
Sanjib Datta - MDR
Bhuwan Tripathi - NEC
Atul Prabhu - CCO
Baldev Singh - DRC
Sanjay Shende - DMD
Who are the major shareholders of Mahanagar Gas?

Here are the top five shareholders of Mahanagar Gas based on the size of their shareholding:

GAIL (India) Ltd Corporation
Percentage owned: 32.5% (32.1m shares)
Maharashtra, State of Government Agency
Percentage owned: 10% (9.88m shares)
Vontobel Asset Management AG Investment Advisor/Hedge Fund
Percentage owned: 8.03% (7.94m shares)
Life Insurance Corporation of India Insurance Company
Percentage owned: 6.31% (6.24m shares)
Vontobel Fund MTX Sustainable Emerging Markets Leaders Mutual Fund
Percentage owned: 6.22% (6.14m shares)
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