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 ₹ 7,605 Cr.
- Current Price ₹ 770
- High / Low ₹ 1,212 / 666
- Stock P/E 12.7
- Book Value ₹ 364
- Dividend Yield 2.99 %
- ROCE 23.2 %
- ROE 17.5 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 40.54%
Cons
- The company has delivered a poor sales growth of 11.85% over past five years.
- Promoter holding is low: 32.50%
- Promoter holding has decreased over last 3 years: -10.00%
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
840 | 1,309 | 1,514 | 1,885 | 2,095 | 2,078 | 2,034 | 2,233 | 2,791 | 2,972 | 2,153 | 3,560 | |
463 | 810 | 1,032 | 1,397 | 1,605 | 1,569 | 1,390 | 1,453 | 1,906 | 1,919 | 1,219 | 2,636 | |
Operating Profit | 378 | 499 | 483 | 488 | 490 | 509 | 644 | 780 | 885 | 1,053 | 934 | 924 |
OPM % | 45% | 38% | 32% | 26% | 23% | 24% | 32% | 35% | 32% | 35% | 43% | 26% |
11 | 19 | 32 | 34 | 41 | 47 | 53 | 58 | 78 | 99 | 81 | 86 | |
Interest | 1 | 0 | 1 | 0 | 1 | 2 | 1 | 0 | 0 | 7 | 7 | 8 |
Depreciation | 56 | 64 | 71 | 81 | 80 | 83 | 95 | 111 | 126 | 162 | 174 | 196 |
Profit before tax | 332 | 454 | 442 | 442 | 449 | 472 | 601 | 727 | 837 | 984 | 834 | 806 |
Tax % | 32% | 32% | 33% | 33% | 33% | 34% | 34% | 34% | 35% | 19% | 26% | 26% |
Net Profit | 226 | 308 | 299 | 297 | 301 | 311 | 393 | 478 | 546 | 794 | 620 | 597 |
EPS in Rs | 25.24 | 34.45 | 33.41 | 33.27 | 33.69 | 34.80 | 39.83 | 48.38 | 55.32 | 80.33 | 62.72 | 60.43 |
Dividend Payout % | 34% | 44% | 52% | 53% | 52% | 50% | 48% | 39% | 36% | 44% | 37% | 41% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 12% |
3 Years: | 8% |
TTM: | 65% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 9% |
3 Years: | 3% |
TTM: | -4% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -5% |
3 Years: | -2% |
1 Year: | -33% |
Return on Equity | |
---|---|
10 Years: | 23% |
5 Years: | 23% |
3 Years: | 22% |
Last Year: | 17% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
89 | 89 | 89 | 89 | 89 | 89 | 99 | 99 | 99 | 99 | 99 | 99 | |
Reserves | 826 | 978 | 1,093 | 1,208 | 1,318 | 1,639 | 1,741 | 1,997 | 2,300 | 2,854 | 3,134 | 3,499 |
11 | 10 | 10 | 8 | 16 | 5 | 3 | 1 | 0 | 67 | 74 | 103 | |
355 | 465 | 587 | 664 | 743 | 637 | 782 | 914 | 1,042 | 1,109 | 1,295 | 1,534 | |
Total Liabilities | 1,280 | 1,542 | 1,779 | 1,969 | 2,166 | 2,370 | 2,624 | 3,010 | 3,441 | 4,128 | 4,601 | 5,234 |
639 | 764 | 926 | 991 | 1,064 | 1,129 | 1,305 | 1,532 | 1,763 | 2,049 | 2,169 | 2,614 | |
CWIP | 289 | 322 | 315 | 345 | 380 | 429 | 412 | 357 | 370 | 487 | 560 | 616 |
Investments | 113 | 236 | 302 | 342 | 371 | 393 | 467 | 688 | 654 | 1,121 | 1,025 | 1,088 |
239 | 221 | 237 | 290 | 350 | 419 | 441 | 434 | 654 | 471 | 847 | 916 | |
Total Assets | 1,280 | 1,542 | 1,779 | 1,969 | 2,166 | 2,370 | 2,624 | 3,010 | 3,441 | 4,128 | 4,601 | 5,234 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
294 | 428 | 439 | 398 | 427 | 419 | 532 | 652 | 685 | 985 | 806 | 904 | |
-242 | -326 | -285 | -200 | -261 | -222 | -263 | -419 | -439 | -755 | -444 | -539 | |
-58 | -91 | -157 | -185 | -176 | -191 | -284 | -226 | -235 | -242 | -349 | -310 | |
Net Cash Flow | -5 | 11 | -3 | 13 | -10 | 5 | -15 | 8 | 12 | -11 | 13 | 54 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 46 | 23 | 22 | 21 | 17 | 16 | 17 | 14 | 13 | 8 | 22 | 19 |
Inventory Days | 17 | 8 | 6 | 5 | 5 | 5 | 8 | 8 | 5 | 5 | 11 | 5 |
Days Payable | 68 | 21 | 39 | 34 | 32 | 33 | 43 | 39 | 40 | 35 | 76 | 49 |
Cash Conversion Cycle | -5 | 10 | -11 | -8 | -10 | -12 | -18 | -16 | -22 | -21 | -44 | -25 |
Working Capital Days | -59 | -72 | -88 | -77 | -80 | -59 | -79 | -86 | -78 | -95 | -149 | 8 |
ROCE % | 39% | 45% | 39% | 35% | 33% | 30% | 34% | 37% | 37% | 37% | 27% | 23% |
Documents
Announcements
- Closure of Trading Window 2d
- Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of The SEBI (LODR) Regulations, 2015 24 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
18 May - Secretarial Compliance Report for the Financial Year ended March 31, 2022, issued by M/s. Alwyn Jay & Co., Company Secretaries. You are requested to take …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
17 May - Transcript of the Earnings Conference Call on Audited Financial Results for the quarter and year ended March 31, 2022 held on May 11, 2022.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 May - Recording of the Earnings call on May 11, 2022 in relation to the Audited Financial Results for the quarter and year ended on March 31, …
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]