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    • Mahanagar Gas Share Price

    Mid Cap
    ₹1,839.00
    -37.7 (-2.01%)
    • Advice
    • Hold
    08 September, 2024 10:24 BSE: 539957 NSE: MGL ISIN: INE002S01010

    Start SIP in Mahanagar Gas

    Start SIP

    Mahanagar Gas Performance

    Day Range

    • Low 1,826
    • High 1,903
    ₹ 1,839

    52 Week Range

    • Low 979
    • High 1,912
    ₹ 1,839
    • Open Price1,877
    • Previous Close1,877
    • Volume424614

    Mahanagar Gas Chart

    • Over 1 Month + 1.41%
    • Over 3 Month + 33.16%
    • Over 6 Month + 39.75%
    • Over 1 Year + 74.63%

    Mahanagar Gas Key Statistics

    P/E Ratio 15.2
    PEG Ratio 0.3
    Market Cap Cr
    Price to Book Ratio 3.5
    EPS 130.5
    Dividend 1.6
    Relative Strength Index 56.25
    Money Flow Index 70.23
    MACD Signal 21.04
    Average True Range 57.31

    Mahanagar Gas F&O

    Mahanagar Gas Futures Mahanagar Gas Option Chain

    Mahanagar Gas Investment Rating

    • Master Rating:

    • Mahanagar Gas has an operating revenue of Rs. 6,418.06 Cr. on a trailing 12-month basis. An annual revenue growth of 1% is not great, Pre-tax margin of 27% is great, ROE of 24% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is comfortably placed above its key moving averages, around 6% and 30% from 50DMA and 200DMA. It is currently FORMING a base in its weekly chart and is trading around 1% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 44 which is a POOR score indicating inconsistency in earnings, a RS Rating of 75 which is FAIR indicating the recent price performance, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 123 indicates it belongs to a poor industry group of Utility-Gas Distribution and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre technical strength and poor fundamentals, there are superior stocks in the current market environment.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Mahanagar Gas Financials
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 1,5901,5671,5691,5711,5381,610
    Operating Expenses Qtr Cr 1,1711,1731,1201,0921,0171,221
    Operating Profit Qtr Cr 418394449479521390
    Depreciation Qtr Cr 727868666264
    Interest Qtr Cr 343232
    Tax Qtr Cr 999210911612788
    Net Profit Qtr Cr 285265317339368269
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 6,4206,411
    Operating Expenses Annual Cr 4,4025,115
    Operating Profit Annual in Cr 1,8431,184
    Depreciation Cr 274231
    Interest Annual Cr 129
    Tax Annual Cr 444265
    Net Profit Annual Cr 1,289790
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 1,563969
    Cash from Investing Activity Annual Cr -1,267-649
    Cash from Financing Annual Activity Cr -312-285
    Net Cash Flow Annual Cr -1535
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 5,1434,134
    Fixed Assets Annual Cr 4,3173,734
    Total Non Current Assets Annual Cr 5,3654,026
    Total Current Assets Annual Cr 1,8612,006
    Total Assets Annual Cr 7,2266,032
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 521419
    ROE Annual % 2519
    ROCE Annual % 3124
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 3221
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 1,6661,6131,5691,5711,8481,610
    Operating Expenses Qtr Cr 1,2291,2181,1201,0921,3271,221
    Operating Profit Qtr Cr 437395449479521390
    Depreciation Qtr Cr 838868666264
    Interest Qtr Cr 363232
    Tax Qtr Cr 979410911612788
    Net Profit Qtr Cr 289252317339368269
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 6,4656,411
    Operating Expenses Annual Cr 4,4465,115
    Operating Profit Annual in Cr 1,8441,184
    Depreciation Cr 284231
    Interest Annual Cr 139
    Tax Annual Cr 445265
    Net Profit Annual Cr 1,276790
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 1,568969
    Cash from Investing Activity Annual Cr -1,082-649
    Cash from Financing Annual Activity Cr -499-285
    Net Cash Flow Annual Cr -1335
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 5,1304,134
    Fixed Assets Annual Cr 5,1183,734
    Total Non Current Assets Annual Cr 5,4744,026
    Total Current Assets Annual Cr 1,9082,006
    Total Assets Annual Cr 7,3816,032
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 520419
    ROE Annual % 2519
    ROCE Annual % 3124
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 3221
    Invest in Mahanagar Gas

    Mahanagar Gas Technicals

    EMA & SMA

    Current Price
    ₹1,839.00
    -37.7 (-2.01%)
    pointer
    • Bullish Moving Average
    • ___
    • 16
    • Bearish Moving Average
    • ___
    • 0
    • 20 Day
    • ₹1,809.99
    • 50 Day
    • ₹1,739.89
    • 100 Day
    • ₹1,628.06
    • 200 Day
    • ₹1,477.57
    • 20 Day
    • ₹1,809.65
    • 50 Day
    • ₹1,768.25
    • 100 Day
    • ₹1,575.74
    • 200 Day
    • ₹1,441.75

    Mahanagar Gas Resistance and Support

    PIVOT
    ₹1,856.
    Resistance
    First Resistance 1,885.60
    Second Resistance 1,932.20
    Third Resistance 1,961.80
    RSI 56.25
    MFI 70.23
    MACD Single Line 21.04
    MACD 21.94
    Support
    First Support 1,809.40
    Second Support 1,779.80
    Third Supoort 1,733.20

    Mahanagar Gas Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 431,239 17,340,120 40.21
    Week 573,866 20,527,187 35.77
    1 Month 393,718 15,713,287 39.91
    6 Month 678,772 20,695,766 30.49

    Mahanagar Gas Result Highlights

    Mahanagar Gas Synopsis

    NSE-Utility-Gas Distribution

    Mahanagar Gas is involved in the business activities of Manufacture of gas; distribution of gaseous fuels through mains. Company’s Total Operating Revenue is Rs. 6244.53 Cr. and Equity Capital is Rs. 98.78 Cr. for the Year ended 31/03/2024. Mahanagar Gas Ltd. is a Public Limited Listed company incorporated on 08/05/1995 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L40200MH1995PLC088133 and registration number is 088133.
    Market Cap 18,165
    Sales 6,296
    Shares in Float 6.72
    No of funds 353
    Yield 1.63
    Book Value 3.53
    U/D Vol ratio 1.3
    LTDebt / Equity
    Alpha 0.08
    Beta 1.39

    Mahanagar Gas Shareholding Pattern

    Owner NameJun-24Mar-24Dec-23Sep-23
    Promoters 32.5%32.5%32.5%32.5%
    Mutual Funds 5.24%5.18%3.98%1.7%
    Insurance Companies 11.05%11.73%12.74%13.8%
    Foreign Portfolio Investors 31.49%30.54%30.85%30.51%
    Financial Institutions/ Banks
    Individual Investors 7.84%8.03%7.98%9.26%
    Others 11.88%12.02%11.95%12.23%

    Mahanagar Gas Management

    Name Designation
    Mr. Sandeep Kumar Gupta Chairman
    Mr. Ashu Shinghal Managing Director
    Mr. Sanjay Shende Deputy Managing Director
    Mr. Rajeev Bhaskar Sahi Independent Director
    Ms. Malvika Sinha Independent Director
    Mr. Syed S Hussain Independent Director
    Mr. Venkatraman Srinivasan Independent Director
    Dr. Harshadeep Kamble Government Nominee Director

    Mahanagar Gas Forecast

    Price Estimates

    2,000(9.8%)
    1,758(-3.5%)
    1,590(-12.7%)

    Other Analyst Rating

    Mahanagar Gas Corporate Action

    Date Purpose Remarks
    2024-07-25 Quarterly Results
    2024-05-09 Audited Results & Final Dividend
    2024-01-23 Quarterly Results & Interim Dividend
    2023-10-27 Quarterly Results
    2023-08-03 Quarterly Results
    Date Purpose Remarks
    2024-02-05 INTERIM Rs.12.00 per share(120%)Interim Dividend
    2023-02-14 INTERIM Rs.10.00 per share(100%)Interim Dividend
    2022-02-18 INTERIM Rs.9.50 per share(95%)Interim Dividend
    2021-02-22 INTERIM Rs.9.00 per share(90%)Interim Dividend

    Mahanagar Gas MF Shareholding

    Name Amount(cr)
    Kotak Equity Arbitrage Fund Growth 51,570
    SBI Arbitrage Opportunities Fund Regular Growth 32,415
    ICICI Prudential Equity Arbitrage Fund Regular Growth 23,542
    Axis Small Cap Fund Regular Growth 23,399
    Invesco India Arbitrage Fund Growth 17,654

    Mahanagar Gas FAQs

    What is Share Price of Mahanagar Gas ?

    Mahanagar Gas share price is ₹1,839 As on 08 September, 2024 | 10:10

    What is the Market Cap of Mahanagar Gas ?

    The Market Cap of Mahanagar Gas is ₹18165.2 Cr As on 08 September, 2024 | 10:10

    What is the P/E ratio of Mahanagar Gas ?

    The P/E ratio of Mahanagar Gas is 15.2 As on 08 September, 2024 | 10:10

    What is the PB ratio of Mahanagar Gas ?

    The PB ratio of Mahanagar Gas is 3.5 As on 08 September, 2024 | 10:10

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