Mahanagar Gas Ltd Stock Analysis

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

BSE Share Price May 20, 18:01
762.75 17.05 (2.29%)

DeciZen - Make an Informed Decision on Mahanagar Gas

Overall Rating

1. Quality

2. Valuation

Undervalued

3. Price Trend

FAQs

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.

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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 30.8%26.4%23.9%22%19.8%22.1%24.4%24.5%29.9%20.3%-
Value Creation Index 1.31.00.80.60.40.60.80.81.20.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,3091,5141,8852,0952,0782,0342,2332,7912,9722,1533,885
YoY Gr. Rt. %-15.7%24.5%11.1%-0.8%-2.1%9.8%25%6.5%-27.6%-
Adj EPS 34.533.433.433.534.839.948.655.680.563.260.4
YoY Gr. Rt. %--3%-0.2%0.5%3.9%14.4%21.9%14.5%44.7%-21.5%-
BVPS (₹) 119.4132.4145.2157.5193.5186.3212.1242.9298.9327.2364.2
Adj Net Profit 308299298300311394480549795624597
Cash Flow from Ops. 428439398427419532652685985806-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.7%0.7%-1.2%-27.6%
Adj EPS 7%12.7%9.2%-21.5%
BVPS 11.911.115.69.5
Share Price - -4.3% -4.5% -32.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 31.126.52422.219.822.124.424.529.720.217.5
Op. Profit Mgn % 38.131.92623.424.531.735.131.935.543.523.8
Net Profit Mgn % 23.519.715.814.31519.421.519.726.82915.4
Debt to Equity 00000000000
Working Cap Days 49393433364548423345140
Cash Conv. Cycle 70-5-6-9-13-13-13-17-2639

Recent Performance Summary

Sales growth is good in last 4 quarters at 77.88%

Return on Equity has declined versus last 3 years average to 17.50%

Sales growth has been subdued in last 3 years -1.22%

Net Profit has been subdued in last 3 years 9.17%

Latest Financials - Mahanagar Gas Ltd.

Standalone Consolidated
TTM EPS (₹) 60.4 -
TTM Sales (₹ Cr.) 3,885 -
BVPS (₹.) 364.2 -
Reserves (₹ Cr.) 3,499 -
P/BV 2.09 -
PE 12.62 -
From the Market
52 Week Low / High (₹) 680.20 / 1284.45
All Time Low / High (₹) 493.20 / 1345.00
Market Cap (₹ Cr.) 7,534
Equity (₹ Cr.) 98.8
Face Value (₹) 10
Industry PE 96.4

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

Analyst's Notes

News

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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