Mahanagar Gas Ltd - Stock Valuation and Financial Performance

BSE: 539957 | NSE: MGL | Gas Transmission/Marketing | Small Cap

Mahanagar Gas Share Price

1,445 3.60 0.25%
as on 31-Oct'24 16:01

DeciZen - make an informed investing decision on Mahanagar Gas

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Mahanagar Gas stock performance -

mw4me loader
P/E Ratio (SA):
12.38
Market Cap:
14,235.4 Cr.
52-wk low:
999.1
52-wk high:
1,988.6

Is Mahanagar Gas Ltd an attractive stock to invest in?

1. Is Mahanagar Gas Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mahanagar Gas Ltd is a good quality company.

2. Is Mahanagar Gas Ltd undervalued or overvalued?

The key valuation ratios of Mahanagar Gas Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Mahanagar Gas Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mahanagar Gas Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Mahanagar Gas:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mahanagar Gas Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 33%30%33.7%36.9%37.3%37%27.2%23.8%27.6%37.6%-
Value Creation
Index
1.51.11.51.71.81.71.00.81.01.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,0952,0782,0342,2332,7912,9722,1533,5606,2996,2457,065
Sales YoY Gr.--0.8%-2.1%9.8%25%6.5%-27.6%65.4%76.9%-0.9%-
Adj EPS 33.534.839.948.655.680.563.261.180.4131116.4
YoY Gr.-3.9%14.4%21.9%14.5%44.7%-21.5%-3.3%31.5%63%-
BVPS (₹) 157.5193.5186.3212.1242.9298.9327.2364.2418.5520.6560.2
Adj Net
Profit
3003113944805497956246037941,2941,150
Cash Flow from Ops. 4274195326526859858069049691,563-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.9%17.5%42.6%-0.9%
Adj EPS 16.3%18.7%27.5%63%
BVPS14.2%16.5%16.7%24.4%
Share Price - 7.4% 12.5% 43.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
22.219.822.124.424.529.720.217.720.527.921.5
Op. Profit
Mgn %
23.424.531.735.131.935.543.526.218.929.623.5
Net Profit
Mgn %
14.31519.421.519.726.8291712.620.716.3
Debt to
Equity
00000000000
Working Cap
Days
3336454842334537324349
Cash Conv.
Cycle
-6-9-13-13-13-17-26-14-7-116

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 42.62%

Net Profit is growing at healthy rate in last 3 years 27.51%

Return on Equity has declined versus last 3 years average to 21.50%

Sales growth is not so good in last 4 quarters at 0.65%

Latest Financials - Mahanagar Gas Ltd.

Standalone Consolidated
TTM EPS (₹) 116.4 115.6
TTM Sales (₹ Cr.) 7,065 7,290
BVPS (₹.) 560.2 559.7
Reserves (₹ Cr.) 5,435 5,430
P/BV 2.57 2.57
PE 12.38 12.47
From the Market
52 Week Low / High (₹) 999.05 / 1988.55
All Time Low / High (₹) 493.20 / 1988.55
Market Cap (₹ Cr.) 14,235
Equity (₹ Cr.) 98.8
Face Value (₹) 10
Industry PE 30.2

Management X-Ray of Mahanagar Gas:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mahanagar Gas

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales2,0952,0782,0342,2332,7912,9722,1533,5606,2996,245
Operating Expenses 1,6051,5691,3911,4531,9061,9201,2222,6375,1154,402
Manufacturing Costs144163174189209211160230268302
Material Costs1,2961,2301,0181,0291,3991,3807472,0454,4353,618
Employee Cost 5156606771818883108118
Other Costs 114121139168226248227279305364
Operating Profit 4905096437808851,0539319231,1841,843
Operating Profit Margin (%) 23.4%24.5%31.6%34.9%31.7%35.4%43.2%25.9%18.8%29.5%
Other Income 4148545878998487112175
Interest 12100778912
Depreciation 808395111126162174196231274
Exceptional Items 0000000000
Profit Before Tax 4494726017278379848348061,0561,733
Tax 148161207249291190214209265444
Profit After Tax 3013113934785467946205977901,289
PAT Margin (%) 14.4%15.0%19.3%21.4%19.6%26.7%28.8%16.8%12.5%20.6%
Adjusted EPS (₹)33.734.839.848.455.380.362.760.480.0130.5
Dividend Payout Ratio (%)52%50%48%39%36%44%37%41%33%23%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,4071,7281,8402,0952,3992,9533,2323,5974,1345,143
Share Capital 89899999999999999999
Reserves 1,3181,6391,7411,9972,3002,8543,1343,4994,0355,044
Minority Interest0000000000
Debt16431000000
Long Term Debt16431000000
Short Term Debt0000000000
Trade Payables112112120110152132156272322334
Others Liabilities 6315266618048901,0441,2131,3651,5761,749
Total Liabilities 2,1662,3702,6243,0103,4414,1284,6015,2346,0327,226

Fixed Assets

Gross Block1,6711,2111,4821,8192,1742,6182,9113,5044,1194,878
Accumulated Depreciation607821772874115697428911,0931,335
Net Fixed Assets1,0641,1291,3051,5321,7632,0492,1692,6143,0263,543
CWIP 380429412357370487560616709774
Investments 3713934676886541,1211,0251,0881,3101,636
Inventories17182424191922273440
Trade Receivables9692958810068128184294281
Cash Equivalents 14517513692299229512465228398
Others Assets92134187230236154185239432554
Total Assets 2,1662,3702,6243,0103,4414,1284,6015,2346,0327,226

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 4274195326526859858069049691,563
PBT 4494726017278379848348061,0561,733
Adjustment 5053587282103118144164164
Changes in Working Capital 6644608237137601651391
Tax Paid -139-150-186-228-271-238-206-212-264-424
Cash Flow From Investing Activity -261-222-263-419-439-755-444-539-649-1,267
Capex -197-215-254-269-362-426-340-647-713-770
Net Investments -94-38-43-179-114-376-1406618221
Others 313134303847364246-718
Cash Flow From Financing Activity -176-191-284-226-235-242-349-310-285-312
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -100-10-20000
Dividend Paid -156-156-282-145-191-178-322-281-252-277
Others -19-35-2-81-43-62-26-29-33-35
Net Cash Flow -105-15812-11135435-15
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)22.2619.8322.0524.2924.3229.6620.0317.4820.4427.79
ROCE (%)33.0330.0233.6536.8937.253727.1923.8327.5537.6
Asset Turnover Ratio1.111.010.90.870.950.860.540.791.231.04
PAT to CFO Conversion(x)1.421.351.351.361.251.241.31.511.231.21
Working Capital Days
Receivable Days1615151411915151315
Inventory Days3334323222
Payable Days31334241343870382433

Mahanagar Gas Ltd Stock News

Mahanagar Gas Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mahanagar Gas on 31-Oct-2024 16:01 is ₹1,445.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Oct-2024 16:01 the market cap of Mahanagar Gas stood at ₹14,235.4.
The latest P/E ratio of Mahanagar Gas as of 31-Oct-2024 16:01 is 12.38.
The latest P/B ratio of Mahanagar Gas as of 31-Oct-2024 16:01 is 2.57.
The 52-week high of Mahanagar Gas is ₹1,988.6 and the 52-week low is ₹999.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mahanagar Gas is ₹7,065 ( Cr.) .

About Mahanagar Gas Ltd

Mahanagar Gas Limited, (MGL) one of the India's leading Natural Gas Distribution Companies was incorporated on May 8, 1995. GAIL (India) Limited (Maharatna Company of Govt. of India) is the promoter of MGL.

Mahanagar Gas (MGL) is one of the leading Natural Gas Distribution Companies in India. MGL is the sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane and Raigad district of Maharashtra. Promoted by GAIL (India) Limited, the largest state-owned natural gas processing and distribution Company in India and BG Asia Pacific Holdings Pte. Ltd (BGAPH), MGL distributes CNG for motor vehicles and PNG for domestic, commercial as well as industrial use.

Business area of the company

MGL is in the business of City Gas Distribution (CGD), supplying natural gas in the city of Mumbai including its adjoining areas and the Raigad district, in the State of Maharashtra, India.

Services offered by the company

  • Domestic PNG
  • Commercial PNG
  • CNG
  • Industrial PNG
  • Gas Geysers

Awards

  • 2009: MGL Certified for OHSAS 18001:2007 Occupational Health & Safety Management Systems in July 2009
  • 2009: MGL recertified for ISO 14001:2004 in November 2009
  • 2009: 6th CII Western Region SHE award 2009 (Service Sector-Large)
  • 2010: BG Chairman’s Award for Safety 2010
  • 2013: Greentech Safety Award, 2013
  • 2013: Greentech Environment Excellence Award, 2013
  • 2014: Greentech CSR Award, 2014
  • 2015: Greentech CSR Award, 2015
  • 2015: 5th Annual Greentech CSR Award 2015
  • 2015: Pt. Madan Mohan Malviya Award being presented for CSR Initiative - MGL Unnati, 2015
  • 2015: Golden Peacock Award for Corporate Social Responsibility, 2015
  • 2015: Rashtra Vibhushan Award 2015 in Gold Category
  • 2016: Greentech HR Award 2016
  • 2016: Rashtra Vibhushan Award 2016
  • 2016: Greentech Safety Awards 2016 in Gold Category
  • 2016: Best Education Improvement Award by World CSR Day 2016
  • 2016: Rashtra Vibhushan Award 2016-17
  • 2017: The Middle East CSR Leadership Awards 2017
  • 2017: Nava Bharat CSR Leadership Summit Awards 2017
  • 2017: National Award for Excellence in CSR & Sustainability 2017
  • 2017: Innov Awars 2017 in Gold Category
  • 2017: Golden Tigers Award 2017
  • 2018: Yes Bank - Business World Best CFO Award 2018
  • 2018: Social Change Award 2018 by Govt. of India
  • 2018: Financial Express CFO Awards 2018
  • 2019: MGL was conferred with Stars of Industry Award, 2019 for outstanding achievement in CSR.

Major events and milestones

  • 1997-1998: The first natural gas supply and transportation contract was signed with GAIL.
  • 2008-2009: Completed laying 2,000 km of PE pipeline in GA 1.
  • 2010-2011: Completed laying 200 km of steel pipeline in GA 1 and achieved a customer base of 0.5 million domestic customers.
  • 2011-2012: Commissioned 150th CNG dispensing station.
  • 2012-2013: Completed laying more than 350 km of PE pipeline and 350 km of steel pipelines.
  • 2013-2014: Achieved a customer base of 1.0 million customers.
  • 2017: MGL crosses 200th CNG Station mark in MMR
  • 2017-18: Mahanagar Gas sets up First CNG Station in Raigad.
  • 2018-19: Expanded its network in Raigad by operating 10 CNG stations.
  • 2019-20: Crossed a milestone of 250 CNG stations.
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