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 ₹ 10,406 Cr.
- Current Price ₹ 1,054
- High / Low ₹ 1,105 / 666
- Stock P/E 13.2
- Book Value ₹ 419
- Dividend Yield 2.37 %
- ROCE 26.8 %
- ROE 20.4 %
- 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 36.8%
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
Sector: Gas Distribution Industry: Miscellaneous
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,309 | 1,514 | 1,885 | 2,095 | 2,078 | 2,034 | 2,233 | 2,791 | 2,972 | 2,153 | 3,560 | 6,299 | |
810 | 1,032 | 1,397 | 1,605 | 1,569 | 1,390 | 1,453 | 1,906 | 1,919 | 1,219 | 2,636 | 5,115 | |
Operating Profit | 499 | 483 | 488 | 490 | 509 | 644 | 780 | 885 | 1,053 | 934 | 924 | 1,184 |
OPM % | 38% | 32% | 26% | 23% | 24% | 32% | 35% | 32% | 35% | 43% | 26% | 19% |
19 | 32 | 34 | 41 | 47 | 53 | 58 | 78 | 99 | 81 | 86 | 112 | |
Interest | 0 | 1 | 0 | 1 | 2 | 1 | 0 | 0 | 7 | 7 | 8 | 9 |
Depreciation | 64 | 71 | 81 | 80 | 83 | 95 | 111 | 126 | 162 | 174 | 196 | 231 |
Profit before tax | 454 | 442 | 442 | 449 | 472 | 601 | 727 | 837 | 984 | 834 | 806 | 1,056 |
Tax % | 32% | 33% | 33% | 33% | 34% | 34% | 34% | 35% | 19% | 26% | 26% | 25% |
Net Profit | 308 | 299 | 297 | 301 | 311 | 393 | 478 | 546 | 794 | 620 | 597 | 790 |
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 |
Dividend Payout % | 44% | 52% | 53% | 52% | 50% | 48% | 39% | 36% | 44% | 37% | 41% | 33% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 23% |
3 Years: | 28% |
TTM: | 77% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 11% |
3 Years: | 0% |
TTM: | 32% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 3% |
1 Year: | 41% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 22% |
3 Years: | 19% |
Last Year: | 20% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
89 | 89 | 89 | 89 | 89 | 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 |
10 | 10 | 8 | 16 | 5 | 3 | 1 | 0 | 67 | 74 | 103 | 115 | |
465 | 587 | 664 | 743 | 637 | 782 | 914 | 1,042 | 1,109 | 1,295 | 1,533 | 1,783 | |
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 |
764 | 926 | 991 | 1,064 | 1,129 | 1,305 | 1,532 | 1,763 | 2,049 | 2,169 | 2,614 | 3,026 | |
CWIP | 322 | 315 | 345 | 380 | 429 | 412 | 357 | 370 | 487 | 560 | 616 | 709 |
Investments | 236 | 302 | 342 | 371 | 393 | 467 | 688 | 654 | 1,121 | 1,025 | 1,088 | 1,310 |
221 | 237 | 290 | 350 | 419 | 441 | 434 | 654 | 471 | 847 | 916 | 988 | |
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 |
Cash Flows
Figures in Rs. Crores
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
Figures in Rs. Crores
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 | 27 |
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 | 14 |
ROCE % | 45% | 39% | 35% | 33% | 30% | 34% | 37% | 37% | 37% | 27% | 23% | 27% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
23h - Secretarial Compliance Report for the Financial Year ended March 31, 2023 issued by M/s. Mayeker & Associates, Company Secretaries pursuant to Regulation 24A of the …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 May - In continuation of our letter dated 16th May 2023 and pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we submit herewith the revised …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 May - In continuation of our letter dated 16th May 2023 and pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we submit herewith the revised …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 May - Schedule of meeting with Analyst/ Institutional Investors.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 May - Schedule of meeting with Analyst/ Institutional Investors.
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]