Mahanagar Gas Ltd
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]
- Market Cap ₹ 13,475 Cr.
- Current Price ₹ 1,364
- High / Low ₹ 1,580 / 909
- Stock P/E 10.4
- Book Value ₹ 474
- Dividend Yield 1.90 %
- ROCE 26.8 %
- ROE 20.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 32.7%
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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,309 | 1,514 | 1,885 | 2,095 | 2,078 | 2,034 | 2,233 | 2,791 | 2,972 | 2,153 | 3,560 | 6,299 | 6,288 | |
810 | 1,032 | 1,397 | 1,605 | 1,569 | 1,390 | 1,453 | 1,906 | 1,919 | 1,219 | 2,636 | 5,115 | 4,449 | |
Operating Profit | 499 | 483 | 488 | 490 | 509 | 644 | 780 | 885 | 1,053 | 934 | 924 | 1,184 | 1,839 |
OPM % | 38% | 32% | 26% | 23% | 24% | 32% | 35% | 32% | 35% | 43% | 26% | 19% | 29% |
19 | 32 | 34 | 41 | 47 | 53 | 58 | 78 | 99 | 81 | 86 | 112 | 164 | |
Interest | 0 | 1 | 0 | 1 | 2 | 1 | 0 | 0 | 7 | 7 | 8 | 9 | 10 |
Depreciation | 64 | 71 | 81 | 80 | 83 | 95 | 111 | 126 | 162 | 174 | 196 | 231 | 260 |
Profit before tax | 454 | 442 | 442 | 449 | 472 | 601 | 727 | 837 | 984 | 834 | 806 | 1,056 | 1,733 |
Tax % | 32% | 33% | 33% | 33% | 34% | 34% | 34% | 35% | 19% | 26% | 26% | 25% | |
308 | 299 | 297 | 301 | 311 | 393 | 478 | 546 | 794 | 620 | 597 | 790 | 1,293 | |
EPS in Rs | 34.45 | 33.41 | 33.27 | 33.69 | 34.80 | 39.83 | 48.38 | 55.32 | 80.33 | 62.72 | 60.43 | 79.98 | 130.89 |
Dividend Payout % | 44% | 52% | 53% | 52% | 50% | 48% | 39% | 36% | 44% | 37% | 41% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 23% |
3 Years: | 28% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 11% |
3 Years: | 0% |
TTM: | 98% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 6% |
1 Year: | 39% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 22% |
3 Years: | 19% |
Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 89 | 89 | 89 | 89 | 89 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 |
Reserves | 978 | 1,093 | 1,208 | 1,318 | 1,639 | 1,741 | 1,997 | 2,300 | 2,854 | 3,134 | 3,499 | 4,035 | 4,581 |
10 | 10 | 8 | 16 | 5 | 3 | 1 | 0 | 67 | 74 | 103 | 115 | 115 | |
465 | 587 | 664 | 743 | 637 | 782 | 914 | 1,042 | 1,109 | 1,295 | 1,534 | 1,783 | 1,862 | |
Total Liabilities | 1,542 | 1,779 | 1,969 | 2,166 | 2,370 | 2,624 | 3,010 | 3,441 | 4,128 | 4,601 | 5,234 | 6,032 | 6,656 |
764 | 926 | 991 | 1,064 | 1,129 | 1,305 | 1,532 | 1,763 | 2,049 | 2,169 | 2,614 | 3,026 | 3,252 | |
CWIP | 322 | 315 | 345 | 380 | 429 | 412 | 357 | 370 | 487 | 560 | 616 | 709 | 622 |
Investments | 236 | 302 | 342 | 371 | 393 | 467 | 688 | 654 | 1,121 | 1,025 | 1,088 | 1,310 | 1,865 |
221 | 237 | 290 | 350 | 419 | 441 | 434 | 654 | 471 | 847 | 916 | 988 | 917 | |
Total Assets | 1,542 | 1,779 | 1,969 | 2,166 | 2,370 | 2,624 | 3,010 | 3,441 | 4,128 | 4,601 | 5,234 | 6,032 | 6,656 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
428 | 439 | 398 | 427 | 419 | 532 | 652 | 685 | 985 | 806 | 904 | 969 | |
-326 | -285 | -200 | -261 | -222 | -263 | -419 | -439 | -755 | -444 | -539 | -649 | |
-91 | -157 | -185 | -176 | -191 | -284 | -226 | -235 | -242 | -349 | -310 | -285 | |
Net Cash Flow | 11 | -3 | 13 | -10 | 5 | -15 | 8 | 12 | -11 | 13 | 54 | 35 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 22 | 21 | 17 | 16 | 17 | 14 | 13 | 8 | 22 | 19 | 17 |
Inventory Days | 8 | 6 | 5 | 5 | 5 | 8 | 8 | 5 | 5 | 11 | 5 | 3 |
Days Payable | 21 | 39 | 34 | 32 | 33 | 43 | 39 | 40 | 35 | 76 | 48 | 26 |
Cash Conversion Cycle | 10 | -11 | -8 | -10 | -12 | -18 | -16 | -22 | -21 | -44 | -24 | -7 |
Working Capital Days | -72 | -88 | -77 | -80 | -59 | -79 | -86 | -78 | -95 | -149 | -104 | -62 |
ROCE % | 45% | 39% | 35% | 33% | 30% | 34% | 37% | 37% | 37% | 27% | 23% | 27% |
Documents
Announcements
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Announcement Under Regulation 30 (LODR) - Clarification On Movement In Volume
9 Mar - Response on clarification sought by Exchange on movement in Volume. Kindly take the information on record.
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Clarification sought from Mahanagar Gas Ltd
7 Mar - Exchange has sought clarification from Mahanagar Gas Ltd on March 7, 2024, with reference to Movement in Volume.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
27 Feb - In Continuation to our letter dated 12th February 2024, subsequent to execution of Share Subscription Agreement (SSA), the Company has entered in to Shareholder''s Agreement …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
20 Feb - Schedule of meeting with the Analyst/ Institutional Investors to be held on February 26, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
20 Feb - Schedule of meeting with Analyst/ Institutional Investors to be held on February 23, 2024.
Annual reports
Concalls
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PNG Segment
The company supplies Piped natural gas (PNG) for domestic, industrial and commercial uses. It has a wide network of 5,900+ kms of carbon steel and polyethylene pipeline.[1] Presently, it has ~12.5 lakh domestic customers with a capacity to connect ~16 lakh customers in the domestic segment. It also serves to ~4,200 commercial and industrial customers.[2]