Mahanagar Gas

how big is Mahanagar Gas?

As of Jun 06, Mahanagar Gas Ltd. has a market capitalization of 13,144.85 Cr, with recent net sales of 7263.80 Cr and a net profit of 1040.57 Cr for the latest four quarters.

Market Cap: <BR>As of Jun 06, Mahanagar Gas Ltd. has a market capitalization of 13,144.85 Cr, categorizing it as a Mid Cap company.<BR><BR>Recent Quarterly Performance: <BR>For the latest four quarters, Mahanagar Gas reported a sum of Net Sales of 7263.80 Cr and a sum of Net Profit of 1040.57 Cr. This data is based on Consolidated financials.<BR><BR>Balance Sheet Snapshot: <BR>The balance sheet data is also Consolidated and pertains to the latest annual period ending in Mar'24. Shareholder's Funds are reported at 5,130.21 Cr, while Total Assets amount to 7,381.29 Cr.

Who are in the management team of Mahanagar Gas?

As of March 2023, the management team of Mahanagar Gas includes Ashu Shinghal (Managing Director), Sandeep Kumar Gupta (Chairman), and several independent and non-independent directors, such as Syed Shahzad Hussain and Malvika Sinha.

As of March 2023, the management team of Mahanagar Gas includes the following individuals:<BR><BR>1. Syed Shahzad Hussain - Independent Non-Executive Director<BR>2. Sanjay Shende - Deputy Managing Director<BR>3. Malvika Sinha - Independent Non-Executive Director<BR>4. Rajeev Bhaskar Sahi - Independent Non-Executive Director<BR>5. Venkatraman Srinivasan - Independent Non-Executive Director<BR>6. Harshadeep Shriram Kamble - Non-Independent Non-Executive<BR>7. Ashu Shinghal - Managing Director<BR>8. Sandeep Kumar Gupta - Chairman (Non-Executive) & Director (Non-Independent)<BR><BR>This team comprises a mix of independent and non-independent directors, along with executive leadership.

What does Mahanagar Gas do?

Mahanagar Gas Ltd. is a leading city gas distribution company in India, authorized to supply compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and surrounding areas. As of March 2025, it reported net sales of ₹1,964 Cr and a net profit of ₹247 Cr, with a market cap of ₹13,113 Cr.

Overview: <BR>Mahanagar Gas Ltd. is one of the largest city gas distribution companies in India, operating in the gas industry within the mid-cap market segment.<BR><BR>History: <BR>Mahanagar Gas Ltd. was incorporated in 1995 and is the sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane urban, and adjoining municipalities, as well as the Raigad district in Maharashtra. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 1,964 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 247 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 13,113 Cr (Mid Cap)<BR><BR>Key Metrics: <BR>P/E: 12.00 <BR>Industry P/E: 18 <BR>Dividend Yield: 0.92% <BR>Debt-Equity: -0.20 <BR>Return on Equity: 17.70% <BR>Price to Book: 2.20<BR><BR>Contact Details: <BR>Address: MGL House Block No G-33, Bandra-Kurla Complex Bandra(E) Mumbai Maharashtra : 400051 <BR>Phone: 91-22-66952941 <BR>Email: mgl.ipo@mahanagargas.com <BR>Website: www.mahanagargas.com

When is the next results date for Mahanagar Gas?

No Upcoming Board Meetings

Has Mahanagar Gas declared dividend?

Yes, Mahanagar Gas Ltd. has declared a 120% dividend, amounting to ₹12 per share, with an ex-date of February 3, 2025. The dividend yield is 0.92%, and the company has shown varying total returns over different periods, with strong long-term performance.

Mahanagar Gas Ltd. has declared a 120% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 120%<BR>- Amount per share: 12<BR>- Ex-date: 03 Feb 25<BR><BR>Dividend Yield: 0.92%.<BR><BR>Total Returns by Period:<BR>Over the past 6 months, Mahanagar Gas experienced a price return of 3.85%, a dividend return of 0.93%, resulting in a total return of 4.78%.<BR><BR>In the 1-year period, the company had a price return of -1.85%, a dividend return of 0.85%, leading to a total return of -1.0%.<BR><BR>For the 2-year period, Mahanagar Gas saw a price return of 29.98%, a dividend return of 3.88%, culminating in a total return of 33.86%.<BR><BR>In the 3-year period, the price return was 75.03%, with a dividend return of 8.88%, resulting in a total return of 83.91%.<BR><BR>Over the 4 years, the company had a price return of 12.86%, a dividend return of 7.73%, which led to a total return of 20.59%.<BR><BR>Finally, in the 5-year period, Mahanagar Gas achieved a price return of 31.91%, a dividend return of 10.78%, resulting in a total return of 42.69%.<BR><BR>Overall, Mahanagar Gas has declared a significant dividend and demonstrated varying total returns across different periods, with particularly strong performance in the longer-term returns. The dividend yield indicates a modest return relative to the share price, suggesting a balanced approach to shareholder returns.

Is Mahanagar Gas overvalued or undervalued?

As of January 29, 2025, Mahanagar Gas is considered very attractive for investment due to its undervalued status with a PE ratio of 12.63, strong profitability metrics, and positive stock performance compared to peers like GAIL and Adani Total Gas.

As of 29 January 2025, Mahanagar Gas has moved from an attractive to a very attractive valuation grade, indicating a stronger investment appeal. The company is currently undervalued, with a PE ratio of 12.63, an EV to EBITDA of 7.62, and a PEG ratio of 0.00, suggesting that it is trading at a discount relative to its earnings growth potential. In comparison, GAIL (India) has a PE of 11.9 and an EV to EBITDA of 9.37, while Adani Total Gas is marked as very expensive with a PE of 114.25 and an EV to EBITDA of 67.16.<BR><BR>Mahanagar Gas's strong ROCE of 25.95% and ROE of 17.70% further reinforce its undervaluation, as these figures indicate effective management and profitability. Additionally, the company's recent stock performance has outpaced the Sensex, with a year-to-date return of 8.32% compared to the Sensex's 5.62%, suggesting positive market sentiment towards Mahanagar Gas. Overall, the company's strong fundamentals and favorable peer comparison support the conclusion that it is currently undervalued.

Who are the peers of the Mahanagar Gas?

Mahanagar Gas peers include GAIL (India), Adani Total Gas, Petronet LNG, Gujarat Gas, Indraprastha Gas, Aegis Logistics, Guj.St.Petronet, Confidence Petro, IRM Energy, and Positron Energy. Most peers exhibit good management risk and capital structure, with Mahanagar Gas showing a 1-year return of -15.02%.

Peers: The peers of Mahanagar Gas are GAIL (India), Adani Total Gas, Petronet LNG, Gujarat Gas, Indraprastha Gas, Aegis Logistics, Guj.St.Petronet, Confidence Petro, IRM Energy, and Positron Energy.<BR><BR>Quality Snapshot: Excellent management risk is observed at GAIL (India), Petronet LNG, Gujarat Gas, and Aegis Logistics, while Good management risk is found at Adani Total Gas, Indraprastha Gas, Guj.St.Petronet, and Mahanagar Gas. Average management risk is present at Confidence Petro and IRM Energy. In terms of Growth, Excellent growth is seen at Positron Energy, Good growth is noted at GAIL (India) and Aegis Logistics, while Below Average growth is reported for Adani Total Gas, Petronet LNG, Gujarat Gas, Indraprastha Gas, Guj.St.Petronet, Mahanagar Gas, Confidence Petro, and IRM Energy. All peers maintain an Excellent capital structure except for Confidence Petro and IRM Energy, which have a Good capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Guj.St.Petronet at 2.55%, while Confidence Petro has the lowest at -33.30%. Mahanagar Gas has a 1-year return of -15.02%, which is better than Confidence Petro but worse than Guj.St.Petronet. Additionally, the six-month return is negative for Adani Total Gas, Petronet LNG, Gujarat Gas, Aegis Logistics, Confidence Petro, and IRM Energy.

Who are the top shareholders of the Mahanagar Gas?

The top shareholders of Mahanagar Gas include Gail (India) Ltd. with 32.5%, foreign institutional investors at 25.48%, mutual funds with 10.86%, and the Governor of Maharashtra holding 10%. Individual investors own 7.99%, with no pledged promoter holdings.

The top shareholders of Mahanagar Gas include several key players. The largest shareholder is Gail (India) Ltd., which holds 32.5% of the company. Following that, foreign institutional investors (FIIs) collectively own 25.48%, while mutual funds have a stake through 28 schemes, accounting for 10.86%. The Governor of Maharashtra is also a significant public shareholder with a 10% holding. Additionally, individual investors hold 7.99% of the shares. Overall, the majority of the shares are held by promoters, and there are no pledged promoter holdings.

Is Mahanagar Gas technically bullish or bearish?

As of 27 October 2025, Mahanagar Gas is in a bearish trend with moderate strength, indicated by bearish MACD, Bollinger Bands, and moving averages across multiple time frames, suggesting a negative outlook in the near term.

As of 27 October 2025, the technical trend for Mahanagar Gas has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include a bearish MACD on the weekly chart, bearish Bollinger Bands on both weekly and monthly time frames, and bearish moving averages on the daily chart. The KST is bearish on the weekly and mildly bearish on the monthly, while the Dow Theory indicates a mildly bearish trend on the weekly. Overall, the combination of these indicators suggests a negative outlook for Mahanagar Gas in the near term.

How has been the historical performance of Mahanagar Gas?

Mahanagar Gas has shown growth in net sales and total assets over the past three years, with net sales reaching 7,263.80 Cr in March 2025. However, profitability metrics, including operating profit and profit after tax, have declined during this period.

Answer:<BR>The historical performance of Mahanagar Gas shows a mixed trend in financial metrics over the past three years.<BR><BR>Breakdown:<BR>Mahanagar Gas reported net sales of 7,263.80 Cr in March 2025, an increase from 6,290.10 Cr in March 2024 and slightly higher than 6,299.28 Cr in March 2023. Total operating income mirrored net sales, remaining at 7,263.80 Cr in March 2025. The company's total expenditure, excluding depreciation, rose to 5,693.83 Cr in March 2025 from 4,446.20 Cr in March 2024, indicating increased costs primarily in raw materials, which surged to 4,680.30 Cr. Operating profit (PBDIT) decreased to 1,736.56 Cr in March 2025 from 2,018.77 Cr in March 2024, reflecting a decline in operating profit margin from 29.31% to 21.61%. Profit before tax also fell to 1,370.45 Cr in March 2025 from 1,728.11 Cr in March 2024, leading to a profit after tax of 1,041.01 Cr, down from 1,284.69 Cr. The earnings per share (EPS) decreased to 105.31 in March 2025 from 130.06 in March 2024. On the balance sheet, total assets increased to 8,270.21 Cr in March 2025 from 7,253.40 Cr in March 2024, while total liabilities also rose to 8,270.21 Cr. Cash flow from operating activities decreased to 1,405.00 Cr in March 2025 from 1,567.00 Cr in March 2024, although the closing cash and cash equivalents improved to 151.00 Cr from 129.00 Cr. Overall, Mahanagar Gas has experienced growth in sales and assets, but profitability metrics have shown a decline in recent years.

Are Mahanagar Gas Ltd. latest results good or bad?

Mahanagar Gas Ltd.'s latest results show mixed performance: while revenue grew 11.52% year-on-year to ₹2,060.24 crore, net profit declined 9.08% to ₹201.15 crore, raising concerns about profitability due to margin compression. Overall, the results are somewhat disappointing, especially compared to the previous year.

Mahanagar Gas Ltd.'s latest results present a mixed picture. In Q3 FY26, the company reported a net profit of ₹201.15 crore, which is a 5.11% increase sequentially but a 9.08% decline year-on-year. This indicates some improvement in the short term, but a concerning drop compared to the same quarter last year.<BR><BR>On the revenue front, Mahanagar Gas achieved ₹2,060.24 crore, reflecting a 0.48% increase from the previous quarter and an impressive 11.52% growth year-on-year. This growth is driven by steady demand for CNG and PNG in its operational areas.<BR><BR>However, the operating margins have been under pressure. The operating margin, excluding other income, stands at 17.09%, which is an improvement from the previous quarter but down from 17.58% a year ago. The PAT margin also contracted to 9.76%, down significantly from 11.97% in the same quarter last year.<BR><BR>Overall, while the revenue growth is a positive sign, the decline in net profit and margins raises concerns about the company's profitability and operational efficiency. The persistent margin compression suggests that Mahanagar Gas is facing challenges in maintaining its profitability amid regulatory constraints and rising costs. Thus, the results can be seen as somewhat disappointing, especially in the context of year-on-year comparisons.

Should I buy, sell or hold Mahanagar Gas Ltd.?

Which are the latest news on Mahanagar Gas?

Why is Mahanagar Gas Ltd. falling/rising?

As of 26-Mar, Mahanagar Gas Ltd. is experiencing a short-term rise in stock price to Rs 941.10, but faces long-term challenges with a 21.62% decline over the past month and waning investor participation. Despite today's gains, the stock's historical performance indicates significant concerns regarding its growth potential.

As of 26-Mar, Mahanagar Gas Ltd. is experiencing a rise in its stock price, currently at Rs 941.10, reflecting an increase of Rs 22.3 or 2.43%. This upward movement can be attributed to several factors. Notably, the stock has been gaining for the last two days, with a total return of 3.56% during this period. Additionally, it opened with a gain of 2.01% today and reached an intraday high of Rs 988.25, which is a 7.56% increase.<BR><BR>Despite this positive performance today, it is important to consider the broader context. Over the past week, the stock has declined by 5.97%, and it has significantly underperformed the market over the past month and year, with declines of 21.62% and 31.19%, respectively. Furthermore, Mahanagar Gas is currently trading below its moving averages across various time frames, indicating a longer-term downward trend.<BR><BR>Investor participation appears to be waning, as evidenced by a 49.87% drop in delivery volume compared to the five-day average. This suggests that while the stock is rising today, there are underlying concerns regarding its long-term growth potential, as reflected in its poor performance metrics over the past five years, including a -13.19% annual growth rate in operating profit.<BR><BR>In summary, Mahanagar Gas Ltd. is rising today due to short-term gains and positive trading activity, but it faces significant challenges in terms of long-term growth and investor confidence, as indicated by its historical performance and declining participation.

Why is Mahanagar Gas Ltd. falling/rising?

As of 27-Mar, Mahanagar Gas Ltd. is seeing a slight decline in its stock price at Rs 938.50, with a one-year return of -31.40% and a recent drop of 23.04% in the past month. Despite a high dividend yield and strong institutional holdings, the stock's poor long-term growth and negative financial results contribute to a bearish sentiment among investors.

As of 27-Mar, Mahanagar Gas Ltd. is experiencing a slight decline in its stock price, currently at Rs 938.50, which reflects a change of -0.25 (-0.03%). This downward movement can be attributed to several factors highlighted in the provided data. <BR><BR>The stock has underperformed significantly over various time frames, with a one-year return of -31.40%, which is notably worse than the BSE500 index. In the past month, the stock has dropped by 23.04%, compared to a 9.48% decline in the benchmark index. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. <BR><BR>Despite a recent increase in investor participation, with delivery volume rising by 1.6% against the five-day average, the overall performance remains concerning. The company has reported a poor long-term growth rate, with operating profit decreasing at an annual rate of -13.19% over the last five years. Furthermore, negative financial results, including the lowest recorded ROCE and cash equivalents, contribute to the stock's lack of appeal.<BR><BR>While the stock does have a high dividend yield of 3.19% and strong institutional holdings at 55.72%, these factors are overshadowed by the overall negative performance and declining profitability, leading to a bearish sentiment among investors.

Why is Mahanagar Gas Ltd. falling/rising?

As of 28-Mar, Mahanagar Gas Ltd. is experiencing a slight decline in its stock price, currently at Rs 938.50, down by 0.25 (-0.03%). The stock has fallen 31.40% over the past year, underperforming the market, and is trading below its moving averages, indicating a bearish trend amid poor long-term growth prospects.

As of 28-Mar, Mahanagar Gas Ltd. is experiencing a slight decline in its stock price, currently at Rs 938.50, down by 0.25 (-0.03%). This decrease can be attributed to several factors highlighted in the recent performance data. Over the past week, the stock has fallen by 3.07%, significantly underperforming the Sensex, which declined by only 1.27%. In the longer term, the stock has shown a substantial drop of 31.40% over the past year, while the broader market index has only decreased by 5.18%.<BR><BR>The stock is also trading lower than its moving averages across various time frames, indicating a bearish trend. Furthermore, despite a recent increase in investor participation, with delivery volume rising by 1.6% against the 5-day average, the overall sentiment remains negative due to poor long-term growth prospects. The company's operating profit has decreased at an annual rate of 13.19% over the last five years, and its profits have fallen by 9.4% in the past year.<BR><BR>Additionally, the stock is close to its 52-week low, just 3.89% away from Rs 902, which may deter potential investors. While there are some positive aspects, such as a high dividend yield of 3.19% and strong institutional holdings at 55.72%, these factors are overshadowed by the company's poor performance metrics, including a significant decline in profit after tax and low cash reserves. Overall, the combination of negative performance trends and disappointing financial results contributes to the current decline in Mahanagar Gas Ltd.'s stock price.

Why is Mahanagar Gas Ltd. falling/rising?

As of 29-Mar, Mahanagar Gas Ltd. is experiencing a slight decline in its stock price, currently at Rs 938.50, reflecting a change of -0.25 (-0.03%). The stock's decline is driven by significant historical underperformance, trading below moving averages, proximity to a 52-week low, and poor long-term growth prospects.

As of 29-Mar, Mahanagar Gas Ltd. is experiencing a slight decline in its stock price, currently at Rs 938.50, reflecting a change of -0.25 (-0.03%). This downward movement can be attributed to several factors highlighted in the provided data. <BR><BR>Firstly, the stock has shown a significant underperformance over various time frames, with a 1-year return of -31.40%, which is notably worse than the BSE500 index. Additionally, the stock has fallen by -23.04% over the past month, compared to a -9.48% decline in the Sensex, indicating that it is not only declining but doing so at a rate more severe than the broader market.<BR><BR>Moreover, Mahanagar Gas is currently trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically suggests a bearish trend. The stock is also close to its 52-week low, being only 3.89% away from Rs 902, further indicating weakness in its price performance.<BR><BR>Despite some positive indicators, such as a high dividend yield of 3.19% and rising investor participation with a 1.6% increase in delivery volume, these factors have not been sufficient to counterbalance the overall negative sentiment surrounding the stock. The company has also reported poor long-term growth, with an annual operating profit decline of -13.19% over the last five years, which raises concerns about its future profitability.<BR><BR>In summary, the combination of significant historical underperformance, current trading below moving averages, proximity to a 52-week low, and poor long-term growth prospects are contributing to the decline in Mahanagar Gas Ltd.'s stock price.