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Mahanagar Gas Ltd

MGL

Mahanagar Gas Ltd

MGL
UtilitiesGas Distribution
SmallcapWith a market cap of ₹16,827 cr, stock is ranked 385
Moderate RiskStock is 2.92x as volatile as Nifty
1,696.500.42% (-7.10)
1,696.500.42% (-7.10)

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UtilitiesGas Distribution
SmallcapWith a market cap of ₹16,827 cr, stock is ranked 385
Moderate RiskStock is 2.92x as volatile as Nifty

How to use scorecard? Learn more

UtilitiesGas Distribution
SmallcapWith a market cap of ₹16,827 cr, stock is ranked 385
Moderate RiskStock is 2.92x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
13.184.071.76%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
24.203.921.21%

Forecast & Ratings

Detailed Forecast 
62%
Analysts have suggested that investors can buy this stock

from 26 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Mahanagar Gas Limited is a natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and its adjoining areas.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 17.65%, vs industry avg of 12.78%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 2.65% to 3.27%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 18.49%, vs industry avg of 11.76%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue2,125.482,086.632,290.692,868.783,071.082,233.043,645.936,411.166,464.976,464.97
Raw Materialssubtract1,232.031,020.011,030.861,402.061,383.21748.862,058.964,454.934,446.204,446.20
Power & Fuel Costsubtract104.44103.97104.91116.22117.0172.95121.80148.18
Employee Costsubtract75.1180.8787.2591.87102.64102.28108.41137.09
Selling & Administrative Expensessubtract25.0226.8129.7733.8325.0740.3522.3733.74
Operating & Other expensessubtract132.41158.16200.10261.64291.36254.14324.33341.15
Depreciation/Amortizationsubtract82.6195.13111.18125.93161.73173.67196.27231.14283.87283.87
Interest & Other Itemssubtract2.221.020.090.326.537.197.539.3913.3013.30
Taxes & Other Itemssubtract160.74207.23248.64290.53190.03214.03209.31265.49445.23445.23
EPS34.8041.8348.3855.3180.3362.7260.4379.98129.21129.22
DPS17.5019.0019.0020.0035.0023.0025.0016.0030.0028.00
Payout ratio0.500.450.390.360.440.370.410.200.230.22

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2017

Annual Report Unavailable

Investor Presentation

Sep 9PDF
FY 2018

Annual Report Unavailable

FY 2019

Annual report

PDF

Investor Presentation

Nov 19PDF
Aug 10PDF
Jul 10PDF
FY 2020

Annual report

PDF

Investor Presentation

Aug 23PDF
FY 2021

Annual report

PDF

Investor Presentation

Jul 6PDF
 

Peers & Comparison

Comparing 3 stocks from 
UtilitiesGas Distribution

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Mahanagar Gas Ltd13.184.071.76%
Gail (India) Ltd15.242.322.40%
Adani Total Gas Ltd147.4027.480.03%
Gujarat Gas Ltd38.836.320.88%

Price Comparison

Compare MGL with any stock or ETF
Compare MGL with any stock or ETF
MGL
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding32.50%5.18%12.22%30.55%19.55%

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Shareholding History

Dec '22MarJunSepDec '23Mar29.73%30.95%32.38%30.51%30.85%30.55%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.20%

Top 5 Mutual Funds holding Mahanagar Gas Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Axis Small Cap Fund - Growth - Direct Plan

Growth
0.8025%0.66%0.11%30/132 (+36)
UTI Value Fund - Growth - Direct Plan

Growth
0.5684%1.05%-0.07%49/70 (-3)
UTI Dividend Yield Fund - Growth - Direct Plan

Growth
0.4650%1.92%0.02%23/57 (+1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.76%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹17.61 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateFeb 5, 2024

Interim
Interim | Div/Share: ₹12.00

Dividend/Share

12.00

Ex DateEx Date

Feb 5, 2024

Cash Dividend

Ex DateEx DateAug 14, 2023

Final
Final | Div/Share: ₹16.00

Dividend/Share

16.00

Ex DateEx Date

Aug 14, 2023

Cash Dividend

Ex DateEx DateFeb 14, 2023

Interim
Interim | Div/Share: ₹10.00

Dividend/Share

10.00

Ex DateEx Date

Feb 14, 2023

Cash Dividend

Ex DateEx DateAug 11, 2022

Final
Final | Div/Share: ₹15.50

Dividend/Share

15.50

Ex DateEx Date

Aug 11, 2022

Cash Dividend

Ex DateEx DateFeb 17, 2022

Interim
Interim | Div/Share: ₹9.50

Dividend/Share

9.50

Ex DateEx Date

Feb 17, 2022