MGL

Mahanagar Gas Share Price

₹1,284.45 -8.45 (-0.65%)

08 Dec, 2024 06:26

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Performance

  • Low
  • ₹1,281
  • High
  • ₹1,309
  • 52 Week Low
  • ₹1,075
  • 52 Week High
  • ₹1,988
  • Open Price₹1,288
  • Previous Close₹1,293
  • Volume605,923

Investment Returns

  • Over 1 Month -10.47%
  • Over 3 Month -30.15%
  • Over 6 Month -5.57%
  • Over 1 Year + 14.99%
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Mahanagar Gas Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 11.1
  • PEG Ratio
  • -21.1
  • Market Cap Cr
  • 12,688
  • P/B Ratio
  • 2.5
  • Average True Range
  • 50.64
  • EPS
  • 115.59
  • Dividend Yield
  • 2.3
  • MACD Signal
  • -93.7
  • RSI
  • 44.67
  • MFI
  • 52

Mahanagar Gas Financials

Mahanagar Gas Technicals

EMA & SMA

Current Price
₹1,284.45
-8.45 (-0.65%)
pointer
  • stock-down_img
  • Bullish Moving Average 7
  • stock-up_img
  • Bearish Moving Average 9
  • 20 Day
  • ₹1,283.25
  • 50 Day
  • ₹1,436.88
  • 100 Day
  • ₹1,529.74
  • 200 Day
  • ₹1,504.31

Resistance and Support

1291.48 Pivot Speed
  • R3 1,329.97
  • R2 1,319.48
  • R1 1,301.97
  • S1 1,273.97
  • S2 1,263.48
  • S3 1,245.97

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

Mahanagar Gas Ltd. (MGL) is one of India’s leading natural gas distribution companies, providing compressed natural gas (CNG) for vehicles and piped natural gas (PNG) for households, industries, and commercial establishments, primarily serving the Mumbai metropolitan region.

Mahanagar Gas has an operating revenue of Rs. 6,633.38 Cr. on a trailing 12-month basis. An annual revenue growth of 1% is not great, Pre-tax margin of 27% is great, ROE of 24% 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 below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 43 which is a POOR score indicating inconsistency in earnings, a RS Rating of 14 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 165 indicates it belongs to a poor industry group of Utility-Gas Distribution and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation.

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Mahanagar Gas Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2024-10-24 Quarterly Results
2024-07-25 Quarterly Results
2024-05-09 Audited Results & Final Dividend
2024-01-23 Quarterly Results & Interim Dividend
2023-10-27 Quarterly Results
Date Purpose Remarks
2024-02-05 INTERIM Rs.12.00 per share(120%)Interim Dividend
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 F&O

Mahanagar Gas Shareholding Pattern

32.5%
5.13%
10.09%
34.2%
0%
6.51%
11.57%

About Mahanagar Gas

Mahanagar Gas Ltd. is a leading natural gas distribution company in India, primarily serving the Mumbai metropolitan area. Established in 1995, the company is responsible for the distribution of compressed natural gas (CNG) & piped natural gas (PNG) to residential, commercial, & industrial customers. Mahanagar Gas is known for its reliable & efficient distribution network, contributing to the promotion of cleaner & more sustainable energy solutions. The company's focus on expanding its customer base & enhancing service delivery has solidified its position as a key player in the Indian energy sector.

PNG Segment: The company provides commercial, industrial, & residential customers with piped natural gas, or PNG. Its extensive network of polyethylene & carbon steel pipeline spans more than 5,900 kilometres. With the ability to connect over 16 lakh clients in the domestic market, it currently has about 12.5 lakh domestic customers. Approximately 4,200 commercial & industrial clients are also served by it.

CNG Segment: Throughout Mumbai & the surrounding areas, the company operates a well-established network of over 270 CNG stations & 1,600+ distribution points. Currently, it provides CNG service to about 8 lakh clients within its service boundaries.

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  • NSE Symbol
  • MGL
  • BSE Symbol
  • 539957
  • Managing Director
  • Mr. Ashu Shinghal
  • ISIN
  • INE002S01010

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Mahanagar Gas FAQs

Mahanagar Gas share price is ₹1,284 As on 08 December, 2024 | 06:12

The Market Cap of Mahanagar Gas is ₹12687.5 Cr As on 08 December, 2024 | 06:12

The P/E ratio of Mahanagar Gas is 11.1 As on 08 December, 2024 | 06:12

The PB ratio of Mahanagar Gas is 2.5 As on 08 December, 2024 | 06:12

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Q2FY23