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    Mahanagar Gas Share PriceMahanagar Gas

    Mid Cap 12.7k Result
    ₹1,098.75
    35.65 (3.35%)
    As on 05 December, 2023 | 08:47 BSE: 539957 NSE: MGLISIN: INE002S01010

    Mahanagar Gas Performance

    Day Range

    • Low 1,064.00
    • High 1,112.95
    ₹ 1,098.75

    52 Week Range

    • Low 820.10
    • High 1,152.00
    ₹ 1,098.75
    • Open Price1,075.00
    • Previous Close1,063.10
    • Volume825132

    Start SIP in Mahanagar Gas

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    Mahanagar Gas Share Price

    • Over 1 Month 5.76%
    • Over 3 Month 6.48%
    • Over 6 Month 5.87%
    • Over 1 Year 21.11%

    Mahanagar Gas Key Statistics

    P/E Ratio 9.5
    PEG Ratio 0.1
    Market Cap Cr 10,853
    Price to Book Ratio 2.6
    EPS 80
    Dividend 2.4
    Relative Strength Index 66.63
    Money Flow Index 73.29
    MACD Signal -3.73
    Average True Range 25.32

    Mahanagar Gas F&O

    Mahanagar Gas Futures
    Mahanagar Gas Option Chain

    Mahanagar Gas Investment Rating

    • Master Rating:

    • Mahanagar Gas has an operating revenue of Rs. 6,700.99 Cr. on a trailing 12-month basis. An annual revenue growth of 76% is outstanding, Pre-tax margin of 17% is great, ROE of 19% is exceptional. 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 close to its key moving averages, around 0% and 3% from 50DMA and 200DMA. It needs to stay above these levels to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 4% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 90 which is a GREAT score indicating consistency in earnings, a RS Rating of 40 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at A- which is evident from recent demand for the stock, Group Rank of 143 indicates it belongs to a poor industry group of Utility-Gas Distribution and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Mahanagar Gas Financials
    IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 1,7291,6901,6101,6711,5631,4551,087
    Operating Expenses Qtr Cr 1,2501,1691,2211,4151,3101,169871
    Operating Profit Qtr Cr 479521390256253286215
    Depreciation Qtr Cr 66626459555456
    Interest Qtr Cr 2322222
    Tax Qtr Cr 1161278855576449
    Net Profit Qtr Cr 339368269172164185132
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 6,4113,646
    Operating Expenses Annual Cr 5,1152,636
    Operating Profit Annual in Cr 1,184924
    Depreciation Cr 231196
    Interest Annual Cr 98
    Tax Annual Cr 265209
    Net Profit Annual Cr 790597
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr 969904
    Cash from Investing Activity Annual Cr -649-539
    Cash from Financing Annual Activity Cr -285-310
    Net Cash Flow Annual Cr 3554
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 4,1343,597
    Fixed Assets Annual Cr 3,7343,230
    Total Non Current Assets Annual Cr 4,0263,389
    Total Current Assets Annual Cr 2,0061,845
    Total Assets Annual Cr 6,0325,234
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 419364
    ROE Annual % 1917
    ROCE Annual % 2421
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 2128
    IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr
    Operating Expenses Qtr Cr
    Operating Profit Qtr Cr
    Depreciation Qtr Cr
    Interest Qtr Cr
    Tax Qtr Cr
    Net Profit Qtr Cr
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr
    Operating Expenses Annual Cr
    Operating Profit Annual in Cr
    Depreciation Cr
    Interest Annual Cr
    Tax Annual Cr
    Net Profit Annual Cr
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr
    Cash from Investing Activity Annual Cr
    Cash from Financing Annual Activity Cr
    Net Cash Flow Annual Cr
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr
    Fixed Assets Annual Cr
    Total Non Current Assets Annual Cr
    Total Current Assets Annual Cr
    Total Assets Annual Cr
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs
    ROE Annual %
    ROCE Annual %
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin %
    Invest in Mahanagar Gas

    Mahanagar Gas Technicals

    EMA & SMA

    Current Price
    ₹1,098.75
    35.65 (3.35%)
    pointer
    • Bullish Moving Average
    • ___
    • 16
    • Bearish Moving Average
    • ___
    • 0
    • 20 Day
    • ₹1,045.99
    • 50 Day
    • ₹1,047.91
    • 100 Day
    • ₹1,043.44
    • 200 Day
    • ₹1,015.90
    • 20 Day
    • ₹1,043.16
    • 50 Day
    • ₹1,054.77
    • 100 Day
    • ₹1,052.22
    • 200 Day
    • ₹1,026.16

    Mahanagar Gas Resistance and Support

    PIVOT
    ₹1,091.91
    Resistance
    First Resistance 1,119.80
    Second Resistance 1,140.85
    Third Resistance 1,168.75
    RSI 66.63
    MFI 73.29
    MACD Single Line -3.73
    MACD 2.33
    Support
    First Resistance 1,070.85
    Second Resistance 1,042.95
    Third Resistance 1,021.90

    Mahanagar Gas Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 851,160 35,663,604 41.9
    Week 422,073 16,562,145 39.24
    1 Month 303,386 13,767,666 45.38
    6 Month 530,456 19,637,468 37.02

    Mahanagar Gas Result Highlights

    Mahanagar Gas Synopsis

    NSE-Utility-Gas Distribution

    Mahanagar Gas is involved in the business activities of Disrtibution and sale of gaseous fuels through mains. Company’s Total Operating Revenue is Rs. 6299.28 Cr. and Equity Capital is Rs. 98.78 Cr. for the Year ended 31/03/2023. 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 10,853
    Sales 6,701
    Shares in Float 6.72
    No of funds 266
    Yield 2.45
    Book Value 2.62
    U/D Vol ratio 0.9
    LTDebt / Equity
    Alpha 0.04
    Beta 0.9

    Mahanagar Gas

    Owner NameSep-23Jun-23Mar-23Dec-22
    Promoters 32.5%32.5%32.5%32.5%
    Mutual Funds 1.7%2.15%1.81%2.44%
    Insurance Companies 13.8%12.64%13.07%13.1%
    Foreign Portfolio Investors 30.51%32.38%30.95%29.73%
    Financial Institutions/ Banks
    Individual Investors 9.26%8.62%9.94%10.57%
    Others 12.23%11.71%11.73%11.66%

    Mahanagar Gas Management

    Name Designation
    Mr. Mahesh V Iyer Chairman
    Mr. Ashu Shinghal Managing Director
    Mr. Sanjay Shende Deputy Managing Director
    Mr. Syed S Hussain Independent Director
    Mr. Venkatraman Srinivasan Independent Director
    Ms. Malvika Sinha Independent Director
    Mr. Rajeev Bhaskar Sahi Independent Director
    Dr. Harshadeep Kamble Government 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
    2023-10-27 Quarterly Results
    2023-08-03 Quarterly Results
    2023-05-08 Audited Results & Final Dividend
    2023-02-02 Quarterly Results & Interim Dividend
    2022-11-11 Quarterly Results
    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 28,958
    SBI Arbitrage Opportunities Fund Regular Growth 22,370
    ICICI Prudential Equity Arbitrage Fund Regular Growth 15,356
    Nippon India Arbitrage Fund Growth 11,326
    HDFC Multi Cap Fund Regular Growth 8,962

    Mahanagar Gas FAQs

    What is Share Price of Mahanagar Gas ?

    Mahanagar Gas share price is ₹1,098 As on 05 December, 2023 | 08:33

    What is the Market Cap of Mahanagar Gas ?

    The Market Cap of Mahanagar Gas is ₹10853.2 Cr As on 05 December, 2023 | 08:33

    What is the P/E ratio of Mahanagar Gas ?

    The P/E ratio of Mahanagar Gas is 9.5 As on 05 December, 2023 | 08:33

    What is the PB ratio of Mahanagar Gas ?

    The PB ratio of Mahanagar Gas is 2.6 As on 05 December, 2023 | 08:33

    Q2FY23

    More Information

    CIN: L67190MH2007PLC289249 | Stock Broker SEBI Regn.: INZ000010231 | SEBI RA Regn.: INH000004680 | SEBI Depository Regn.: IN DP CDSL: IN-DP-192-2016 | AMFI REGN No.: ARN-104096 | NSE Member id: 14300 | BSE Member id: 6363 | MCX Member ID: 55945 | Investment Adviser Regn No: INA000014252 | Registered Address - IIFL House, Sun Infotech Park, Road no. 16V, Plot no. B-23, MIDC, Thane Industrial Area, Waghle Estate, Thane, Maharashtra - 400604

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