Mahanagar Gas Ltd

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

₹ 1,045 -1.19%
01 Oct - close price
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 ₹ 10,326 Cr.
  • Current Price ₹ 1,045
  • High / Low ₹ 1,335 / 900
  • Stock P/E 14.3
  • Book Value ₹ 651
  • Dividend Yield 2.87 %
  • ROCE 17.1 %
  • ROE 12.3 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 28.8%

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

Energy Oil, Gas & Consumable Fuels Gas LPG/CNG/PNG/LNG Supplier

Part of BSE 500 Nifty 500 Nifty Energy BSE Energy BSE 250 SmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
1,538 1,571 1,569 1,567 1,590 1,786 1,758 1,963 2,081 2,049 2,058 2,051 2,372
1,017 1,092 1,120 1,173 1,171 1,373 1,443 1,568 1,581 1,711 1,706 1,791 2,029
Operating Profit 521 479 449 394 418 413 314 395 501 338 352 260 343
OPM % 34% 30% 29% 25% 26% 23% 18% 20% 24% 16% 17% 13% 14%
39 44 48 45 40 47 46 42 32 29 29 29 30
Interest 3 2 3 4 3 3 3 4 4 5 6 5 6
Depreciation 62 66 68 78 72 84 79 95 96 104 103 106 109
Profit before tax 496 454 426 357 384 373 278 338 432 258 272 178 259
Tax % 26% 25% 26% 26% 26% 23% 19% 28% 26% 25% 26% 26% 25%
368 338 317 265 285 287 225 242 320 193 202 132 194
EPS in Rs 37.30 34.27 32.11 26.83 28.81 29.03 22.82 24.53 32.35 19.58 20.45 13.36 19.61
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
2,095 2,078 2,034 2,233 2,791 2,972 2,153 3,560 6,299 6,245 7,261 8,240 8,531
1,605 1,569 1,390 1,453 1,906 1,919 1,219 2,636 5,115 4,402 5,691 6,789 7,237
Operating Profit 490 509 644 780 885 1,053 934 924 1,184 1,843 1,570 1,451 1,293
OPM % 23% 24% 32% 35% 32% 35% 43% 26% 19% 30% 22% 18% 15%
41 47 53 58 78 99 81 86 112 175 166 119 118
Interest 1 2 1 0 0 7 7 8 9 12 14 21 22
Depreciation 80 83 95 111 126 162 174 196 231 274 352 409 422
Profit before tax 449 472 601 727 837 984 834 806 1,056 1,733 1,371 1,141 967
Tax % 33% 34% 34% 34% 35% 19% 26% 26% 25% 26% 24% 26%
301 311 393 478 546 794 620 597 790 1,289 1,041 847 721
EPS in Rs 33.69 34.80 39.83 48.38 55.32 80.33 62.72 60.43 79.98 130.50 105.41 85.73 73.00
Dividend Payout % 52% 50% 48% 39% 36% 44% 37% 41% 20% 23% 28% 35%
Compounded Sales Growth
10 Years: 15%
5 Years: 31%
3 Years: 9%
TTM: 12%
Compounded Profit Growth
10 Years: 9%
5 Years: 4%
3 Years: -1%
TTM: -33%
Stock Price CAGR
10 Years: 4%
5 Years: -1%
3 Years: -2%
1 Year: -18%
Return on Equity
10 Years: 20%
5 Years: 18%
3 Years: 18%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 89 89 99 99 99 99 99 99 99 99 99 99
Reserves 1,318 1,639 1,741 1,997 2,300 2,854 3,134 3,499 4,035 5,044 5,780 6,335
16 5 3 1 0 67 74 103 115 139 198 219
743 637 782 914 1,042 1,109 1,295 1,534 1,783 1,944 2,208 2,312
Total Liabilities 2,166 2,370 2,624 3,010 3,441 4,128 4,601 5,234 6,032 7,226 8,284 8,965
1,064 1,129 1,305 1,532 1,763 2,049 2,169 2,614 3,026 3,543 4,844 5,373
CWIP 380 429 412 357 370 487 560 616 709 774 1,062 1,259
Investments 371 393 467 688 654 1,121 1,025 1,088 1,310 1,636 1,178 1,169
350 419 441 434 654 471 847 916 988 1,273 1,200 1,163
Total Assets 2,166 2,370 2,624 3,010 3,441 4,128 4,601 5,234 6,032 7,226 8,284 8,965

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
427 419 532 652 685 985 806 904 969 1,563 1,420 1,147
-261 -222 -263 -419 -439 -755 -444 -539 -649 -1,267 -1,056 -874
-176 -191 -284 -226 -235 -242 -349 -310 -285 -312 -341 -368
Net Cash Flow -10 5 -15 8 12 -11 13 54 35 -15 22 -95
Free Cash Flow 229 204 278 383 322 559 466 256 257 793 249 87
CFO/OP 116% 112% 112% 113% 108% 116% 108% 121% 104% 108% 108% 97%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 17 16 17 14 13 8 22 19 17 16 18 20
Inventory Days 5 5 8 8 5 5 11 5 3 4 4 4
Days Payable 32 33 43 39 40 35 76 48 26 34 34 31
Cash Conversion Cycle -10 -12 -18 -16 -22 -21 -44 -24 -7 -13 -11 -6
Working Capital Days -80 -59 -79 -86 -78 -97 -152 -106 -63 -72 -67 -56
ROCE % 33% 30% 34% 37% 37% 37% 27% 23% 27% 34% 23% 17%

Insights

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Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
CNG Sales Volume
MMSCMD

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CNG Vehicles (registered)
count
PNG Domestic Household Connections
count
Total Sales Volume
MMSCMD
DPNG (Domestic PNG) Sales Volume
MMSCMD
Industrial & Commercial Sales Volume
MMSCMD
CNG Stations
count
Pipeline Length
km

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Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50%
30.51% 30.85% 30.54% 31.49% 34.20% 25.75% 23.76% 25.48% 23.59% 24.89% 24.13% 23.21%
16.10% 17.23% 17.40% 16.67% 15.46% 21.10% 23.82% 22.52% 22.89% 20.83% 21.01% 22.53%
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
10.89% 9.43% 9.55% 9.32% 7.84% 10.64% 9.92% 9.50% 11.01% 11.79% 12.34% 11.75%
No. of Shareholders 1,53,5821,41,6171,49,7181,47,5401,42,7381,73,9051,67,6501,66,5891,78,5761,79,7611,84,3731,78,033

* 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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Documents

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