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 ₹ 18,235 Cr.
- Current Price ₹ 1,846
- High / Low ₹ 1,859 / 971
- Stock P/E 15.1
- Book Value ₹ 521
- Dividend Yield 1.41 %
- ROCE 36.6 %
- ROE 27.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 18.7% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 28.1%
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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,514 | 1,885 | 2,095 | 2,078 | 2,034 | 2,233 | 2,791 | 2,972 | 2,153 | 3,560 | 6,299 | 6,245 | 6,296 | |
1,032 | 1,397 | 1,605 | 1,569 | 1,390 | 1,453 | 1,906 | 1,919 | 1,219 | 2,636 | 5,115 | 4,402 | 4,557 | |
Operating Profit | 483 | 488 | 490 | 509 | 644 | 780 | 885 | 1,053 | 934 | 924 | 1,184 | 1,843 | 1,740 |
OPM % | 32% | 26% | 23% | 24% | 32% | 35% | 32% | 35% | 43% | 26% | 19% | 30% | 28% |
32 | 34 | 41 | 47 | 53 | 58 | 78 | 99 | 81 | 86 | 112 | 175 | 177 | |
Interest | 1 | 0 | 1 | 2 | 1 | 0 | 0 | 7 | 7 | 8 | 9 | 12 | 12 |
Depreciation | 71 | 81 | 80 | 83 | 95 | 111 | 126 | 162 | 174 | 196 | 231 | 274 | 283 |
Profit before tax | 442 | 442 | 449 | 472 | 601 | 727 | 837 | 984 | 834 | 806 | 1,056 | 1,733 | 1,621 |
Tax % | 33% | 33% | 33% | 34% | 34% | 34% | 35% | 19% | 26% | 26% | 25% | 26% | |
299 | 297 | 301 | 311 | 393 | 478 | 546 | 794 | 620 | 597 | 790 | 1,289 | 1,205 | |
EPS in Rs | 33.41 | 33.27 | 33.69 | 34.80 | 39.83 | 48.38 | 55.32 | 80.33 | 62.72 | 60.43 | 79.98 | 130.50 | 122.02 |
Dividend Payout % | 52% | 53% | 52% | 50% | 48% | 39% | 36% | 44% | 37% | 41% | 20% | 23% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 17% |
3 Years: | 43% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 19% |
3 Years: | 28% |
TTM: | 24% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 18% |
1 Year: | 66% |
Return on Equity | |
---|---|
10 Years: | 23% |
5 Years: | 23% |
3 Years: | 22% |
Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 89 | 89 | 89 | 89 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 |
Reserves | 1,093 | 1,208 | 1,318 | 1,639 | 1,741 | 1,997 | 2,300 | 2,854 | 3,134 | 3,499 | 4,035 | 5,044 |
10 | 8 | 16 | 5 | 3 | 1 | 0 | 67 | 74 | 103 | 115 | 139 | |
587 | 664 | 743 | 637 | 782 | 914 | 1,042 | 1,109 | 1,295 | 1,534 | 1,783 | 1,944 | |
Total Liabilities | 1,779 | 1,969 | 2,166 | 2,370 | 2,624 | 3,010 | 3,441 | 4,128 | 4,601 | 5,234 | 6,032 | 7,226 |
926 | 991 | 1,064 | 1,129 | 1,305 | 1,532 | 1,763 | 2,049 | 2,169 | 2,614 | 3,026 | 3,543 | |
CWIP | 315 | 345 | 380 | 429 | 412 | 357 | 370 | 487 | 560 | 616 | 709 | 774 |
Investments | 302 | 342 | 371 | 393 | 467 | 688 | 654 | 1,121 | 1,025 | 1,088 | 1,310 | 1,636 |
237 | 290 | 350 | 419 | 441 | 434 | 654 | 471 | 847 | 916 | 988 | 1,273 | |
Total Assets | 1,779 | 1,969 | 2,166 | 2,370 | 2,624 | 3,010 | 3,441 | 4,128 | 4,601 | 5,234 | 6,032 | 7,226 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
439 | 398 | 427 | 419 | 532 | 652 | 685 | 985 | 806 | 904 | 969 | 1,563 | |
-285 | -200 | -261 | -222 | -263 | -419 | -439 | -755 | -444 | -539 | -649 | -1,267 | |
-157 | -185 | -176 | -191 | -284 | -226 | -235 | -242 | -349 | -310 | -285 | -312 | |
Net Cash Flow | -3 | 13 | -10 | 5 | -15 | 8 | 12 | -11 | 13 | 54 | 35 | -15 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 22 | 21 | 17 | 16 | 17 | 14 | 13 | 8 | 22 | 19 | 17 | 16 |
Inventory Days | 6 | 5 | 5 | 5 | 8 | 8 | 5 | 5 | 11 | 5 | 3 | 4 |
Days Payable | 39 | 34 | 32 | 33 | 43 | 39 | 40 | 35 | 76 | 48 | 26 | 34 |
Cash Conversion Cycle | -11 | -8 | -10 | -12 | -18 | -16 | -22 | -21 | -44 | -24 | -7 | -13 |
Working Capital Days | -88 | -77 | -80 | -59 | -79 | -86 | -78 | -95 | -149 | -104 | -62 | -11 |
ROCE % | 39% | 35% | 33% | 30% | 34% | 37% | 37% | 37% | 27% | 23% | 27% | 37% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
8h - Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we submit herewith of the audio recording of the Earnings call held on July …
- Results - Financial Results For June 30, 2024 1d
- Board Meeting Outcome for Outcome Of The Board Meeting - Results For The Quarter Ended June 30, 2024 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 Jul - The earnings conference call on the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2024 is scheduled to …
- Board Meeting Intimation for Intimation Of Board Meeting 18 Jul
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]