Mahanagar Gas Ltd

Mahanagar Gas Ltd is in the business of City Gas Distribution (CGD), presently supplying Natural Gas in the city of Mumbai including its adjoining areas and the Raigad district, in the State of Maharashtra, India.

  • Market Cap: 8,326 Cr.
  • Current Price: 842.90
  • 52 weeks High / Low 1246.80 / 663.90
  • Book Value: 298.92
  • Stock P/E: 12.45
  • Dividend Yield: 2.37 %
  • ROCE: 36.55 %
  • ROE: 29.66 %
  • Sales Growth (3Yrs): 13.48 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company is virtually debt free.
Company has delivered good profit growth of 21.52% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 26.38%
Company has been maintaining a healthy dividend payout of 39.67%
Cons:
The company has delivered a poor growth of 7.25% over past five years.
Promoter holding is low: 32.50%
Promoter holding has decreased over last 3 years: -32.50%

Peer comparison Sector: Gas Distribution // Industry: Miscellaneous

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Quarterly Results Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
534 581 587 619 697 753 723 757 784 744 687 262
334 380 411 408 475 514 509 481 510 486 443 182
Operating Profit 200 201 176 211 221 239 214 277 273 259 244 80
OPM % 37% 35% 30% 34% 32% 32% 30% 37% 35% 35% 36% 31%
Other Income 14 14 17 15 18 20 24 20 23 29 27 25
Interest 0 0 0 0 0 0 0 1 1 2 2 2
Depreciation 26 27 34 30 31 33 33 37 39 41 44 42
Profit before tax 188 188 160 197 209 227 205 259 256 244 225 61
Tax % 34% 34% 34% 35% 35% 35% 35% 34% -6% 24% 26% 25%
Net Profit 125 124 105 128 136 148 133 170 271 186 167 45
EPS in Rs 12.63 12.55 10.61 12.99 13.80 15.02 13.51 17.23 27.40 18.84 16.87 4.58
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
639 773 840 1,309 1,514 1,885 2,095 2,078 2,034 2,233 2,791 2,972 2,476
391 495 463 810 1,032 1,397 1,605 1,569 1,390 1,453 1,906 1,919 1,620
Operating Profit 248 277 378 499 483 488 490 509 644 780 885 1,053 856
OPM % 39% 36% 45% 38% 32% 26% 23% 24% 32% 35% 32% 35% 35%
Other Income 15 16 11 19 32 34 41 47 53 58 78 99 103
Interest 1 2 1 0 1 0 1 2 1 0 0 7 7
Depreciation 41 48 56 64 71 81 80 83 95 111 126 162 167
Profit before tax 221 244 332 454 442 442 449 472 601 727 837 984 786
Tax % 33% 34% 32% 32% 33% 33% 33% 34% 34% 34% 35% 19%
Net Profit 147 162 226 308 299 297 301 311 393 478 546 794 669
EPS in Rs 15.61 17.19 23.83 32.01 30.44 30.30 30.13 31.23 39.83 48.38 55.31 80.33 67.69
Dividend Payout % 30% 30% 34% 44% 52% 53% 52% 50% 48% 39% 36% 44%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:14.42%
5 Years:7.25%
3 Years:13.48%
TTM:-15.46%
Compounded Profit Growth
10 Years:17.24%
5 Years:21.52%
3 Years:26.35%
TTM:13.63%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-7.86%
1 Year:-6.65%
Return on Equity
10 Years:25.01%
5 Years:24.62%
3 Years:26.38%
Last Year:29.66%

Balance Sheet Figures in Rs. Crores

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
89 89 89 89 89 89 89 89 99 99 99 99
Reserves 586 691 826 978 1,093 1,208 1,318 1,639 1,741 1,997 2,300 2,854
Borrowings 16 11 11 10 10 8 16 5 3 1 0 67
235 282 355 465 587 664 743 637 782 914 1,042 1,109
Total Liabilities 926 1,073 1,280 1,542 1,779 1,969 2,166 2,370 2,624 3,010 3,441 4,128
478 521 639 764 926 991 1,064 1,129 1,305 1,532 1,763 2,049
CWIP 180 249 289 322 315 345 380 429 412 357 370 487
Investments 87 96 113 236 302 342 371 393 467 688 654 1,121
182 208 239 221 237 290 350 419 441 434 654 471
Total Assets 926 1,073 1,280 1,542 1,779 1,969 2,166 2,370 2,624 3,010 3,441 4,128

Cash Flows Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
189 210 294 428 439 398 427 419 532 652 685 983
-129 -151 -242 -326 -285 -200 -261 -222 -263 -419 -439 -752
-56 -59 -58 -91 -157 -185 -176 -191 -284 -226 -235 -242
Net Cash Flow 4 0 -5 11 -3 13 -10 5 -15 8 12 -11

Ratios Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 34% 33% 39% 45% 39% 35% 33% 30% 34% 37% 37% 37%
Debtor Days 47 44 46 23 22 21 17 16 17 14 13 8
Inventory Turnover 23.89 30.03 25.63 48.84 63.26 83.11 83.96 75.53 53.79 47.56 70.42 79.61

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
65.00 65.00 65.00 56.50 42.50 42.50 42.50 42.50 32.50 32.50 32.50 32.50
9.98 9.44 9.68 12.70 19.03 21.61 24.36 24.31 28.85 31.87 31.28 29.92
6.59 6.19 5.56 7.68 14.25 13.40 12.86 12.67 18.20 16.10 17.03 18.69
10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
8.43 9.37 9.76 13.12 14.22 12.49 10.28 10.52 10.45 9.53 9.19 8.89

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