MGL

Mahanagar Gas Share PriceMahanagar Gas

₹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 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 %

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