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MGL

Mahanagar Gas Share PriceMahanagar Gas

₹860.75
10.4 (1.22%)
As on 06 February, 2023 | 09:29 BSE: 539957 NSE: MGL

Mahanagar Gas Performance

Day Range

  • Low
  • High

52 Week Range

  • Low
  • High
  • Open Price
  • Previous Close
  • Volume

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Mahanagar Gas Share Price

  • Over 1 Month -0.73%
  • Over 3 Month -4.15%
  • Over 6 Month 8.28%
  • Over 1 Year -0.09%

Mahanagar Gas Key Statistics

P/E Ratio 13
PEG Ratio -3.5
Market Cap Cr 8,502
Price to Book Ratio 2.4
EPS 60.4
Dividend 2.9
Relative Strength Index 45.02
Money Flow Index 42.93
MACD Signal -0.78
Average True Range 24.18

Mahanagar Gas Investment Rating

  • Master Rating:
  • Mahanagar Gas has an operating revenue of Rs. 6,336.74 Cr. on a trailing 12-month basis. An annual revenue growth of 63% is outstanding, Pre-tax margin of 23% is great, ROE of 16% is good. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 52 which is a POOR score indicating inconsistency in earnings, a RS Rating of 55 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at D+ which indicates heavy supply, Group Rank of 164 indicates it belongs to a poor industry group of Utility-Gas Distribution and a Master Score of C is fair but needs to improve. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Mahanagar Gas Financials
IndicatorDec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 1,8381,7181,5931,188
Operating Expenses Qtr Cr 1,5821,4651,308972
Operating Profit Qtr Cr 256253286215
Depreciation Qtr Cr 59555456
Interest Qtr Cr 2222
Tax Qtr Cr 55576449
Net Profit Qtr Cr 172164185132

Mahanagar Gas Technicals

EMA & SMA

Current Price
₹860.75
10.4 (1.22%)
  • Bullish Moving Average
  • ___
  • 2
  • Bearish Moving Average
  • ___
  • 14
  • 20 Day
  • 863.13
  • 50 Day
  • 864.3
  • 100 Day
  • 857.37
  • 200 Day
  • 854.98
  • 20 Day
  • 863.31
  • 50 Day
  • 871.48
  • 100 Day
  • 859.79
  • 200 Day
  • 824.99

Mahanagar Gas Resistance and Support

PIVOT
₹849.92
Resistance
First Resistance 869.34
Second Resistance 888.32
Third Resistance 907.74
RSI 45.02
MFI 42.93
MACD Single Line -0.78
MACD -1.12
Support
First Resistance 830.94
Second Resistance 811.52
Third Resistance 792.54

Mahanagar Gas Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 676,172 16,593,261 24.54
Week 366,310 11,817,174 32.26
1 Month 228,748 6,649,703 29.07
6 Month 527,957 15,843,996 30.01

Mahanagar Gas Result Highlights

Mahanagar Gas Synopsis

NSE-Utility-Gas Distribution

Mahanagar Gas is involved in the business activities of Manufacture of gas; distribution of gaseous fuels through mains. Company’s Total Operating Revenue is Rs. 3560.18 Cr. and Equity Capital is Rs. 98.78 Cr. for the Year ended 31/03/2022. Mahanagar Gas Ltd. is a Public Limited Listed company incorporated on 08/05/1995 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L40200MH1995PLC088133 and registration number is 088133.
Market Cap 8,400
Sales 6,337
Shares in Float 6.72
No of funds 229
Yield 3
Book Value 2.33
U/D Vol ratio 0.7
LTDebt / Equity
Alpha 0.02
Beta 1.05

Mahanagar Gas

Owner NameDec-22Sep-22Jun-22Mar-22
Promoters 32.5%32.5%32.5%
Mutual Funds 2.44%2.59%2.76%
Insurance Companies 13.1%12.89%13.16%
Foreign Portfolio Investors 29.73%28.37%25.81%
Financial Institutions/ Banks
Individual Investors 10.57%11.66%13.28%
Others 11.66%11.99%12.49%

Mahanagar Gas Management

Name Designation
Mr. Manoj Jain Chairman
Mr. Sanjib Datta Managing Director
Mr. Sanjay Shende Deputy Managing Director
Mr. Syed S Hussain Independent Director
Ms. Malvika Sinha Independent Director
Mr. Rajeev Bhaskar Sahi Independent Director
Mr. Venkatraman Srinivasan Independent Director
Mr. Baldev Singh Nominee Director

Mahanagar Gas Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Mahanagar Gas Corporate Action

Date Purpose Remarks
2023-02-02 Quarterly Results & Interim Dividend
2022-11-11 Quarterly Results
2022-08-06 Quarterly Results
2022-05-10 Audited Results & Final Dividend
2022-02-08 Quarterly Results & Interim Dividend
Date Purpose Remarks
2023-02-14 INTERIM Rs.10.00 per share(100%)Interim Dividend
2022-02-18 INTERIM Rs.9.50 per share(95%)Interim Dividend
2021-02-22 INTERIM Rs.9.00 per share(90%)Interim Dividend

Mahanagar Gas MF Shareholding

Name Amount(cr)
Kotak Equity Arbitrage Fund Growth 21566
ICICI Prudential Equity Arbitrage Fund Regular Growth 10785
Nippon India Arbitrage Fund Growth 8841
Aditya Birla Sun Life Balanced Advantage Fund Growth 6676
SBI Arbitrage Opportunities Fund Regular Growth 6509

Mahanagar Gas FAQs

What is Share Price of Mahanagar Gas ?

Mahanagar Gas share price is ₹860 As on 06 February, 2023 | 09:15

What is the Market Cap of Mahanagar Gas ?

The Market Cap of Mahanagar Gas is ₹8502.3 Cr As on 06 February, 2023 | 09:15

What is the P/E ratio of Mahanagar Gas ?

The P/E ratio of Mahanagar Gas is 13 As on 06 February, 2023 | 09:15

What is the PB ratio of Mahanagar Gas ?

The PB ratio of Mahanagar Gas is 2.4 As on 06 February, 2023 | 09:15

Q2FY23