MGL

Mahanagar Gas Share PriceMahanagar Gas

₹1028.9
-8.9 (-0.86%)
As on 05 June, 2023 | 16:30 BSE: 539957 NSE: MGL

Mahanagar Gas Performance

Day Range

  • Low
  • High
1028.9

52 Week Range

  • Low
  • High
1028.9
  • Open Price
  • Previous Close
  • Volume

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Mahanagar Gas Share Price

  • Over 1 Month 2.5%
  • Over 3 Month 14.46%
  • Over 6 Month 13.41%
  • Over 1 Year 33.59%

Mahanagar Gas Key Statistics

P/E Ratio 12.9
PEG Ratio 0.4
Market Cap Cr 10,163
Price to Book Ratio 2.5
EPS 80
Dividend 2.5
Relative Strength Index 51.34
Money Flow Index 61.82
MACD Signal 11.75
Average True Range 24.29

Mahanagar Gas Investment Rating

  • Master Rating:
  • Mahanagar Gas has an operating revenue of Rs. 6,759.63 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 50DMA and comfortably placed above its 200DMA, around 14% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 92 which is a GREAT score indicating consistency in earnings, a RS Rating of 72 which is FAIR indicating the recent price performance, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 176 indicates it belongs to a poor industry group of Utility-Gas Distribution and a Master Score of B is close to being the best. 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
IndicatorMar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 1,6101,8381,7181,5931,188
Operating Expenses Qtr Cr 1,2211,5821,4651,308972
Operating Profit Qtr Cr 390256253286215
Depreciation Qtr Cr 6459555456
Interest Qtr Cr 22222
Tax Qtr Cr 8855576449
Net Profit Qtr Cr 269172164185132

Mahanagar Gas Technicals

EMA & SMA

Current Price
₹1028.9
-8.9 (-0.86%)
  • Bullish Moving Average
  • ___
  • 7
  • Bearish Moving Average
  • ___
  • 9
  • 20 Day
  • ₹1039.78
  • 50 Day
  • ₹1012.15
  • 100 Day
  • ₹972.13
  • 200 Day
  • ₹929.4
  • 20 Day
  • ₹1047.94
  • 50 Day
  • ₹1012.98
  • 100 Day
  • ₹955.17
  • 200 Day
  • ₹908.6

Mahanagar Gas Resistance and Support

PIVOT
₹1047.97
Resistance
First Resistance ₹1065.84
Second Resistance ₹1093.87
Third Resistance ₹1111.74
RSI 51.34
MFI 61.82
MACD Single Line 11.75
MACD 10.57
Support
First Resistance ₹1019.94
Second Resistance ₹1002.07
Third Resistance ₹974.04

Mahanagar Gas Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 588,053 17,371,086 29.54
Week 409,495 19,807,254 48.37
1 Month 777,155 20,167,164 25.95
6 Month 513,897 14,358,287 27.94

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. 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 10,162
Sales 6,760
Shares in Float 6.72
No of funds 230
Yield 2.51
Book Value 2.48
U/D Vol ratio 1.2
LTDebt / Equity
Alpha 0.1
Beta 1.03

Mahanagar Gas

Owner NameMar-23Dec-22Sep-22Jun-22
Promoters 32.5%32.5%32.5%32.5%
Mutual Funds 1.81%2.44%2.59%2.76%
Insurance Companies 13.07%13.1%12.89%13.16%
Foreign Portfolio Investors 30.95%29.73%28.37%25.81%
Financial Institutions/ Banks
Individual Investors 9.94%10.57%11.66%13.28%
Others 11.73%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
2023-05-08 Audited Results & Final Dividend
2023-02-02 Quarterly Results & Interim Dividend
2022-11-11 Quarterly Results
2022-08-06 Quarterly Results
2022-05-10 Audited Results & Final 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 20587
ICICI Prudential Equity Arbitrage Fund Regular Growth 10189
Nippon India Arbitrage Fund Growth 8475
SBI Arbitrage Opportunities Fund Regular Growth 8086
Aditya Birla Sun Life Balanced Advantage Fund Growth 6357

Mahanagar Gas FAQs

What is Share Price of Mahanagar Gas ?

Mahanagar Gas share price is ₹1028 As on 05 June, 2023 | 16:16

What is the Market Cap of Mahanagar Gas ?

The Market Cap of Mahanagar Gas is ₹10163.2 Cr As on 05 June, 2023 | 16:16

What is the P/E ratio of Mahanagar Gas ?

The P/E ratio of Mahanagar Gas is 12.9 As on 05 June, 2023 | 16:16

What is the PB ratio of Mahanagar Gas ?

The PB ratio of Mahanagar Gas is 2.5 As on 05 June, 2023 | 16:16

Q2FY23

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