Mahanagar Gas Ltd

Mahanagar Gas Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mahanagar Gas Ltd

₹ 1,389 -1.36%
13 May 1:04 p.m.
mahanagargas.com BSE: 539957 NSE: MGL
About

Mahanagar Gas Ltd is engaged in the business of City gas distribution (CGD), presently supplying natural gas in the city of Mumbai including adjoining areas and the Raigad District in the state of Maharashtra.[1]

Key Points

Business Segments

Website BSE NSE
  • Market Cap ₹ 13,720 Cr.
  • Current Price ₹ 1,389
  • High / Low ₹ 1,989 / 1,075
  • Stock P/E 13.1
  • Book Value ₹ 596
  • Dividend Yield 2.11 %
  • ROCE 24.5 %
  • ROE 18.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.8%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Gas Distribution Industry: Miscellaneous

Part of Nifty Smallcap 100 Nifty Energy BSE 400 MidSmallCap Index Nifty 500 Multicap 50:25:25 BSE Energy

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,087 1,455 1,563 1,671 1,610 1,538 1,571 1,569 1,567 1,590 1,712 1,758 1,865
871 1,169 1,310 1,415 1,221 1,017 1,092 1,120 1,173 1,171 1,313 1,443 1,486
Operating Profit 215 286 253 256 390 521 479 449 394 418 399 314 378
OPM % 20% 20% 16% 15% 24% 34% 30% 29% 25% 26% 23% 18% 20%
23 20 26 32 34 39 44 48 45 40 51 46 46
Interest 2 2 2 2 2 3 2 3 4 3 3 3 4
Depreciation 56 54 55 59 64 62 66 68 78 72 73 79 82
Profit before tax 180 250 221 227 357 496 454 426 357 384 373 278 339
Tax % 27% 26% 26% 24% 25% 26% 25% 26% 26% 26% 24% 19% 26%
132 185 164 172 269 368 338 317 265 285 283 225 252
EPS in Rs 13.34 18.75 16.60 17.42 27.21 37.30 34.27 32.11 26.83 28.81 28.63 22.82 25.53
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,885 2,095 2,078 2,034 2,233 2,791 2,972 2,153 3,560 6,299 6,245 6,924
1,397 1,605 1,569 1,390 1,453 1,906 1,919 1,219 2,636 5,115 4,402 5,414
Operating Profit 488 490 509 644 780 885 1,053 934 924 1,184 1,843 1,510
OPM % 26% 23% 24% 32% 35% 32% 35% 43% 26% 19% 30% 22%
34 41 47 53 58 78 99 81 86 112 175 184
Interest 0 1 2 1 0 0 7 7 8 9 12 13
Depreciation 81 80 83 95 111 126 162 174 196 231 274 306
Profit before tax 442 449 472 601 727 837 984 834 806 1,056 1,733 1,374
Tax % 33% 33% 34% 34% 34% 35% 19% 26% 26% 25% 26% 24%
297 301 311 393 478 546 794 620 597 790 1,289 1,045
EPS in Rs 33.27 33.69 34.80 39.83 48.38 55.32 80.33 62.72 60.43 79.98 130.50 105.78
Dividend Payout % 53% 52% 50% 48% 39% 36% 44% 37% 41% 20% 23% 28%
Compounded Sales Growth
10 Years: 13%
5 Years: 18%
3 Years: 25%
TTM: 11%
Compounded Profit Growth
10 Years: 13%
5 Years: 6%
3 Years: 21%
TTM: -19%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: 24%
1 Year: 10%
Return on Equity
10 Years: 22%
5 Years: 21%
3 Years: 22%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 89 89 89 99 99 99 99 99 99 99 99 99
Reserves 1,208 1,318 1,639 1,741 1,997 2,300 2,854 3,134 3,499 4,035 5,044 5,791
8 16 5 3 1 0 67 74 103 115 139 164
664 743 637 782 914 1,042 1,109 1,295 1,534 1,783 1,944 2,150
Total Liabilities 1,969 2,166 2,370 2,624 3,010 3,441 4,128 4,601 5,234 6,032 7,226 8,204
991 1,064 1,129 1,305 1,532 1,763 2,049 2,169 2,614 3,026 3,543 4,104
CWIP 345 380 429 412 357 370 487 560 616 709 774 974
Investments 342 371 393 467 688 654 1,121 1,025 1,088 1,310 1,636 1,740
290 350 419 441 434 654 471 847 916 988 1,273 1,385
Total Assets 1,969 2,166 2,370 2,624 3,010 3,441 4,128 4,601 5,234 6,032 7,226 8,204

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
398 427 419 532 652 685 985 806 904 969 1,563 1,368
-200 -261 -222 -263 -419 -439 -755 -444 -539 -649 -1,267 -1,001
-185 -176 -191 -284 -226 -235 -242 -349 -310 -285 -312 -336
Net Cash Flow 13 -10 5 -15 8 12 -11 13 54 35 -15 32

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 21 17 16 17 14 13 8 22 19 17 16 18
Inventory Days 5 5 5 8 8 5 5 11 5 3 4 4
Days Payable 34 32 33 43 39 40 35 76 48 26 34 34
Cash Conversion Cycle -8 -10 -12 -18 -16 -22 -21 -44 -24 -7 -13 -12
Working Capital Days -77 -80 -59 -79 -86 -78 -95 -149 -104 -62 -70 -12
ROCE % 35% 33% 30% 34% 37% 37% 37% 27% 23% 27% 37% 24%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50%
25.81% 28.37% 29.73% 30.95% 32.38% 30.51% 30.85% 30.54% 31.49% 34.20% 25.75% 23.76%
16.06% 15.58% 15.61% 14.93% 15.15% 16.10% 17.23% 17.40% 16.67% 15.46% 21.10% 23.82%
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
15.63% 13.56% 12.15% 11.60% 9.96% 10.89% 9.43% 9.55% 9.32% 7.84% 10.64% 9.92%
No. of Shareholders 2,14,2501,99,7241,81,2221,67,7171,54,3831,53,5821,41,6171,49,7181,47,5401,42,7381,73,9051,67,650

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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