Mahanagar Gas Ltd

Mahanagar Gas Ltd

₹ 1,506 -1.14%
26 Feb - close price
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

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]

  • Market Cap 14,878 Cr.
  • Current Price 1,506
  • High / Low 1,559 / 872
  • Stock P/E 11.5
  • Book Value 474
  • Dividend Yield 1.73 %
  • ROCE 26.8 %
  • ROE 20.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 32.7%

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

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
666 718 615 830 1,028 1,087 1,455 1,563 1,671 1,610 1,538 1,571 1,569
350 402 312 528 925 871 1,169 1,310 1,415 1,221 1,017 1,092 1,120
Operating Profit 317 316 304 302 103 215 286 253 256 390 521 479 449
OPM % 48% 44% 49% 36% 10% 20% 20% 16% 15% 24% 34% 30% 29%
20 17 19 23 22 23 20 26 32 34 39 44 48
Interest 2 2 2 2 2 2 2 2 2 2 3 2 3
Depreciation 44 45 45 47 48 56 54 55 59 64 62 66 68
Profit before tax 291 287 276 275 75 180 250 221 227 357 496 454 426
Tax % 25% 26% 26% 26% 24% 27% 26% 26% 24% 25% 26% 25% 26%
217 213 204 204 57 132 185 164 172 269 368 338 317
EPS in Rs 21.99 21.54 20.66 20.68 5.75 13.34 18.75 16.60 17.42 27.21 37.30 34.27 32.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,309 1,514 1,885 2,095 2,078 2,034 2,233 2,791 2,972 2,153 3,560 6,299 6,288
810 1,032 1,397 1,605 1,569 1,390 1,453 1,906 1,919 1,219 2,636 5,115 4,449
Operating Profit 499 483 488 490 509 644 780 885 1,053 934 924 1,184 1,839
OPM % 38% 32% 26% 23% 24% 32% 35% 32% 35% 43% 26% 19% 29%
19 32 34 41 47 53 58 78 99 81 86 112 164
Interest 0 1 0 1 2 1 0 0 7 7 8 9 10
Depreciation 64 71 81 80 83 95 111 126 162 174 196 231 260
Profit before tax 454 442 442 449 472 601 727 837 984 834 806 1,056 1,733
Tax % 32% 33% 33% 33% 34% 34% 34% 35% 19% 26% 26% 25%
308 299 297 301 311 393 478 546 794 620 597 790 1,293
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 79.98 130.89
Dividend Payout % 44% 52% 53% 52% 50% 48% 39% 36% 44% 37% 41% 20%
Compounded Sales Growth
10 Years: 15%
5 Years: 23%
3 Years: 28%
TTM: 9%
Compounded Profit Growth
10 Years: 10%
5 Years: 11%
3 Years: 0%
TTM: 98%
Stock Price CAGR
10 Years: %
5 Years: 11%
3 Years: 9%
1 Year: 72%
Return on Equity
10 Years: 22%
5 Years: 22%
3 Years: 19%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 89 89 89 89 89 99 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 4,581
10 10 8 16 5 3 1 0 67 74 103 115 115
465 587 664 743 637 782 914 1,042 1,109 1,295 1,534 1,783 1,862
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 6,656
764 926 991 1,064 1,129 1,305 1,532 1,763 2,049 2,169 2,614 3,026 3,252
CWIP 322 315 345 380 429 412 357 370 487 560 616 709 622
Investments 236 302 342 371 393 467 688 654 1,121 1,025 1,088 1,310 1,865
221 237 290 350 419 441 434 654 471 847 916 988 917
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 6,656

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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

Standalone Figures in Rs. Crores / View Consolidated

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 26
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 -62
ROCE % 45% 39% 35% 33% 30% 34% 37% 37% 37% 27% 23% 27%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50%
31.11% 29.59% 29.38% 25.32% 24.98% 25.81% 28.37% 29.73% 30.95% 32.38% 30.51% 30.85%
17.17% 18.39% 17.80% 19.05% 17.34% 16.06% 15.58% 15.61% 14.93% 15.15% 16.10% 17.23%
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
9.22% 9.52% 10.32% 13.13% 15.18% 15.63% 13.56% 12.15% 11.60% 9.96% 10.89% 9.43%
No. of Shareholders 1,48,4041,53,8271,64,0381,92,4552,18,2212,14,2501,99,7241,81,2221,67,7171,54,3831,53,5821,41,617

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls