Mahanagar Gas Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: August 8, 2025, 5:07 pm

Market Cap	13,031 Cr.
Current Price	1,319
High / Low	1,989/1,075
Stock P/E	12.0
Book Value	596
Dividend Yield	2.27 %
ROCE	22.9 %
ROE	17.7 %
Face Value	10.0
PEG Ratio	0.95

Quick Insight

Mahanagar Gas Ltd, currently trading at ₹1,380 with a market capitalization of ₹13,629 crore, showcases solid financial health, reflected in its P/E ratio of 12.6 and an impressive return on equity (ROE) of 18.9%. The company's robust operating profit margin (OPM) of 20% and return on capital employed (ROCE) of 24.5% signal efficient management and a lucrative business model within the LPG/CNG distribution sector. With borrowings at a mere ₹164 crore against reserves of ₹5,791 crore, Mahanagar maintains a conservative capital structure, underscored by a remarkable interest coverage ratio (ICR) of 151.79x. Given these strengths, the stock appears undervalued, making it a compelling investment opportunity for those seeking exposure to the energy sector.

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Mahanagar Gas Ltd

Competitors of Mahanagar Gas Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Petronet LNG Ltd	40,832 Cr.	273	385/270	11.2	129	3.66 %	26.3 %	21.6 %	10.0
Mahanagar Gas Ltd	13,031 Cr.	1,319	1,989/1,075	12.0	596	2.27 %	22.9 %	17.7 %	10.0
Indraprastha Gas Ltd	28,441 Cr.	203	285/153	20.0	66.3	1.34 %	21.6 %	16.5 %	2.00
Confidence Petroleum India Ltd	1,631 Cr.	49.1	98.5/44.8	19.0	40.0	0.20 %	9.48 %	6.87 %	1.00
Adani Total Gas Ltd	64,306 Cr.	585	887/533	99.3	38.2	0.04 %	17.5 %	16.8 %	1.00
Industry Average	29,648.20 Cr	485.82		32.30	173.90	1.50%	19.56%	15.89%	4.80

All Competitor Stocks of Mahanagar Gas Ltd

Quarterly Result

Metric	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
Sales	1,455	1,563	1,671	1,610	1,538	1,571	1,569	1,567	1,590	1,712	1,758	1,865	1,976
Expenses	1,169	1,310	1,415	1,221	1,017	1,092	1,120	1,173	1,171	1,313	1,443	1,486	1,491
Operating Profit	286	253	256	390	521	479	449	394	418	399	314	378	485
OPM %	20%	16%	15%	24%	34%	30%	29%	25%	26%	23%	18%	20%	25%
Other Income	20	26	32	34	39	44	48	45	40	51	46	46	39
Interest	2	2	2	2	3	2	3	4	3	3	3	4	4
Depreciation	54	55	59	64	62	66	68	78	72	73	79	82	83
Profit before tax	250	221	227	357	496	454	426	357	384	373	278	339	438
Tax %	26%	26%	24%	25%	26%	25%	26%	26%	26%	24%	19%	26%	26%
Net Profit	185	164	172	269	368	338	317	265	285	283	225	252	324
EPS in Rs	18.75	16.60	17.42	27.21	37.30	34.27	32.11	26.83	28.81	28.63	22.82	25.53	32.83

Last Updated: August 1, 2025, 5:35 pm

Below is a detailed analysis of the quarterly data for Mahanagar Gas Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

For Sales, as of Jun 2025, the value is 1,976.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,865.00 Cr. (Mar 2025) to 1,976.00 Cr., marking an increase of 111.00 Cr..
For Expenses, as of Jun 2025, the value is 1,491.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,486.00 Cr. (Mar 2025) to 1,491.00 Cr., marking an increase of 5.00 Cr..
For Operating Profit, as of Jun 2025, the value is 485.00 Cr.. The value appears strong and on an upward trend. It has increased from 378.00 Cr. (Mar 2025) to 485.00 Cr., marking an increase of 107.00 Cr..
For OPM %, as of Jun 2025, the value is 25.00%. The value appears strong and on an upward trend. It has increased from 20.00% (Mar 2025) to 25.00%, marking an increase of 5.00%.
For Other Income, as of Jun 2025, the value is 39.00 Cr.. The value appears to be declining and may need further review. It has decreased from 46.00 Cr. (Mar 2025) to 39.00 Cr., marking a decrease of 7.00 Cr..
For Interest, as of Jun 2025, the value is 4.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 4.00 Cr..
For Depreciation, as of Jun 2025, the value is 83.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 82.00 Cr. (Mar 2025) to 83.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Jun 2025, the value is 438.00 Cr.. The value appears strong and on an upward trend. It has increased from 339.00 Cr. (Mar 2025) to 438.00 Cr., marking an increase of 99.00 Cr..
For Tax %, as of Jun 2025, the value is 26.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 26.00%.
For Net Profit, as of Jun 2025, the value is 324.00 Cr.. The value appears strong and on an upward trend. It has increased from 252.00 Cr. (Mar 2025) to 324.00 Cr., marking an increase of 72.00 Cr..
For EPS in Rs, as of Jun 2025, the value is 32.83. The value appears strong and on an upward trend. It has increased from 25.53 (Mar 2025) to 32.83, marking an increase of 7.30.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 22, 2025, 3:26 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,885	2,095	2,078	2,034	2,233	2,791	2,972	2,153	3,560	6,299	6,245	6,924	7,310
Expenses	1,397	1,605	1,569	1,390	1,453	1,906	1,919	1,219	2,636	5,115	4,402	5,414	5,733
Operating Profit	488	490	509	644	780	885	1,053	934	924	1,184	1,843	1,510	1,577
OPM %	26%	23%	24%	32%	35%	32%	35%	43%	26%	19%	30%	22%	22%
Other Income	34	41	47	53	58	78	99	81	86	112	175	184	183
Interest	0	1	2	1	0	0	7	7	8	9	12	13	14
Depreciation	81	80	83	95	111	126	162	174	196	231	274	306	317
Profit before tax	442	449	472	601	727	837	984	834	806	1,056	1,733	1,374	1,428
Tax %	33%	33%	34%	34%	34%	35%	19%	26%	26%	25%	26%	24%
Net Profit	297	301	311	393	478	546	794	620	597	790	1,289	1,045	1,085
EPS in Rs	33.27	33.69	34.80	39.83	48.38	55.32	80.33	62.72	60.43	79.98	130.50	105.78	109.81
Dividend Payout %	53%	52%	50%	48%	39%	36%	44%	37%	41%	20%	23%	28%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	1.35%	3.32%	26.37%	21.63%	14.23%	45.42%	-21.91%	-3.71%	32.33%	63.16%	-18.93%
Change in YoY Net Profit Growth (%)	0.00%	1.98%	23.04%	-4.74%	-7.40%	31.20%	-67.34%	18.20%	36.04%	30.84%	-82.09%

Mahanagar Gas Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	13%
5 Years:	18%
3 Years:	25%
TTM:	16%

Compounded Profit Growth
10 Years:	13%
5 Years:	4%
3 Years:	18%
TTM:	-10%

Stock Price CAGR
10 Years:	%
5 Years:	6%
3 Years:	18%
1 Year:	-27%

Return on Equity
10 Years:	22%
5 Years:	20%
3 Years:	21%
Last Year:	18%

Last Updated: Unknown

Balance Sheet

Last Updated: May 13, 2025, 3:09 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	89	89	89	99	99	99	99	99	99	99	99	99
Reserves	1,208	1,318	1,639	1,741	1,997	2,300	2,854	3,134	3,499	4,035	5,044	5,791
Borrowings	8	16	5	3	1	0	67	74	103	115	139	164
Other Liabilities	664	743	637	782	914	1,042	1,109	1,295	1,534	1,783	1,944	2,150
Total Liabilities	1,969	2,166	2,370	2,624	3,010	3,441	4,128	4,601	5,234	6,032	7,226	8,204
Fixed Assets	991	1,064	1,129	1,305	1,532	1,763	2,049	2,169	2,614	3,026	3,543	4,104
CWIP	345	380	429	412	357	370	487	560	616	709	774	974
Investments	342	371	393	467	688	654	1,121	1,025	1,088	1,310	1,636	1,740
Other Assets	290	350	419	441	434	654	471	847	916	988	1,273	1,385
Total Assets	1,969	2,166	2,370	2,624	3,010	3,441	4,128	4,601	5,234	6,032	7,226	8,204

Below is a detailed analysis of the balance sheet data for Mahanagar Gas Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 99.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 99.00 Cr..
For Reserves, as of Mar 2025, the value is 5,791.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,044.00 Cr. (Mar 2024) to 5,791.00 Cr., marking an increase of 747.00 Cr..
For Borrowings, as of Mar 2025, the value is 164.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 139.00 Cr. (Mar 2024) to 164.00 Cr., marking an increase of 25.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 2,150.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,944.00 Cr. (Mar 2024) to 2,150.00 Cr., marking an increase of 206.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 8,204.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 7,226.00 Cr. (Mar 2024) to 8,204.00 Cr., marking an increase of 978.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 4,104.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,543.00 Cr. (Mar 2024) to 4,104.00 Cr., marking an increase of 561.00 Cr..
For CWIP, as of Mar 2025, the value is 974.00 Cr.. The value appears strong and on an upward trend. It has increased from 774.00 Cr. (Mar 2024) to 974.00 Cr., marking an increase of 200.00 Cr..
For Investments, as of Mar 2025, the value is 1,740.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,636.00 Cr. (Mar 2024) to 1,740.00 Cr., marking an increase of 104.00 Cr..
For Other Assets, as of Mar 2025, the value is 1,385.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,273.00 Cr. (Mar 2024) to 1,385.00 Cr., marking an increase of 112.00 Cr..
For Total Assets, as of Mar 2025, the value is 8,204.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,226.00 Cr. (Mar 2024) to 8,204.00 Cr., marking an increase of 978.00 Cr..

Notably, the Reserves (5,791.00 Cr.) exceed the Borrowings (164.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	398	427	419	532	652	685	985	806	904	969	1,563	1,368
Cash from Investing Activity +	-200	-261	-222	-263	-419	-439	-755	-444	-539	-649	-1,267	-1,001
Cash from Financing Activity +	-185	-176	-191	-284	-226	-235	-242	-349	-310	-285	-312	-336
Net Cash Flow	13	-10	5	-15	8	12	-11	13	54	35	-15	32

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	480.00	474.00	504.00	641.00	779.00	885.00	-66.00	860.00	821.00	-114.00	-138.00	-163.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

No data available for the Financial Efficiency data table.

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	32.50%	32.50%	32.50%	32.50%	32.50%	32.50%	32.50%	32.50%	32.50%	32.50%	32.50%	32.50%
FIIs	24.98%	25.81%	28.37%	29.73%	30.95%	32.38%	30.51%	30.85%	30.54%	31.49%	34.20%	25.75%
DIIs	17.34%	16.06%	15.58%	15.61%	14.93%	15.15%	16.10%	17.23%	17.40%	16.67%	15.46%	21.10%
Government	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%
Public	15.18%	15.63%	13.56%	12.15%	11.60%	9.96%	10.89%	9.43%	9.55%	9.32%	7.84%	10.64%
No. of Shareholders	2,18,221	2,14,250	1,99,724	1,81,222	1,67,717	1,54,383	1,53,582	1,41,617	1,49,718	1,47,540	1,42,738	1,73,905

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Axis Small Cap Fund	918,139	0.72	178.16	918,139	2025-04-22 17:25:27	0%
UTI Value Fund	550,000	0.99	106.72	550,000	2025-04-22 17:25:27	0%
Aditya Birla Sun Life PSU Equity Fund	403,443	1.33	78.28	403,443	2025-04-22 17:25:27	0%
UTI Dividend Yield Fund	400,000	1.73	77.62	400,000	2025-04-22 17:25:27	0%
HDFC Multi Cap Fund	289,463	0.31	56.17	289,463	2025-04-22 17:25:27	0%
Baroda BNP Paribas Small Cap Fund	270,000	3.32	52.39	270,000	2025-04-22 17:25:27	0%
Tata Retirement Savings Fund - Progressive Plan - Regular Plan	261,000	2.32	50.64	261,000	2025-04-22 17:25:27	0%
Bandhan Flexi Cap Fund	250,000	0.61	48.51	250,000	2025-04-22 17:25:27	0%
Tata Retirement Savings Fund - Moderate Plan - Regular Plan	234,000	2.03	45.41	234,000	2025-04-22 17:25:27	0%
Baroda BNP Paribas Value Fund	200,000	2.35	38.81	200,000	2025-04-22 05:46:17	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23
FaceValue	10.00	10.00
Basic EPS (Rs.)	129.21	79.98
Diluted EPS (Rs.)	129.21	79.98
Cash EPS (Rs.)	157.95	103.38
Book Value[Excl.RevalReserv]/Share (Rs.)	519.85	418.53
Book Value[Incl.RevalReserv]/Share (Rs.)	519.85	418.53
Revenue From Operations / Share (Rs.)	636.78	637.71
PBDIT / Share (Rs.)	204.37	131.21
PBIT / Share (Rs.)	175.63	107.81
PBT / Share (Rs.)	174.29	106.86
Net Profit / Share (Rs.)	129.21	79.98
NP After MI And SOA / Share (Rs.)	129.21	79.98
PBDIT Margin (%)	32.09	20.57
PBIT Margin (%)	27.58	16.90
PBT Margin (%)	27.36	16.75
Net Profit Margin (%)	20.29	12.54
NP After MI And SOA Margin (%)	20.29	12.54
Return on Networth / Equity (%)	24.87	19.11
Return on Capital Employeed (%)	30.53	23.81
Return On Assets (%)	17.29	13.09
Asset Turnover Ratio (%)	0.93	0.00
Current Ratio (X)	1.12	1.28
Quick Ratio (X)	1.10	1.26
Dividend Payout Ratio (NP) (%)	21.66	31.88
Dividend Payout Ratio (CP) (%)	17.72	24.66
Earning Retention Ratio (%)	78.34	68.12
Cash Earning Retention Ratio (%)	82.28	75.34
Interest Coverage Ratio (X)	151.79	138.03
Interest Coverage Ratio (Post Tax) (X)	96.97	85.14
Enterprise Value (Cr.)	13047.43	9495.54
EV / Net Operating Revenue (X)	2.07	1.51
EV / EBITDA (X)	6.46	7.33
MarketCap / Net Operating Revenue (X)	2.14	1.54
Retention Ratios (%)	78.33	68.11
Price / BV (X)	2.63	2.35
Price / Net Operating Revenue (X)	2.14	1.54
EarningsYield	0.09	0.08

After reviewing the key financial ratios for Mahanagar Gas Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 129.21. This value is within the healthy range. It has increased from 79.98 (Mar 23) to 129.21, marking an increase of 49.23.
For Diluted EPS (Rs.), as of Mar 24, the value is 129.21. This value is within the healthy range. It has increased from 79.98 (Mar 23) to 129.21, marking an increase of 49.23.
For Cash EPS (Rs.), as of Mar 24, the value is 157.95. This value is within the healthy range. It has increased from 103.38 (Mar 23) to 157.95, marking an increase of 54.57.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 519.85. It has increased from 418.53 (Mar 23) to 519.85, marking an increase of 101.32.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 519.85. It has increased from 418.53 (Mar 23) to 519.85, marking an increase of 101.32.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 636.78. It has decreased from 637.71 (Mar 23) to 636.78, marking a decrease of 0.93.
For PBDIT / Share (Rs.), as of Mar 24, the value is 204.37. This value is within the healthy range. It has increased from 131.21 (Mar 23) to 204.37, marking an increase of 73.16.
For PBIT / Share (Rs.), as of Mar 24, the value is 175.63. This value is within the healthy range. It has increased from 107.81 (Mar 23) to 175.63, marking an increase of 67.82.
For PBT / Share (Rs.), as of Mar 24, the value is 174.29. This value is within the healthy range. It has increased from 106.86 (Mar 23) to 174.29, marking an increase of 67.43.
For Net Profit / Share (Rs.), as of Mar 24, the value is 129.21. This value is within the healthy range. It has increased from 79.98 (Mar 23) to 129.21, marking an increase of 49.23.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 129.21. This value is within the healthy range. It has increased from 79.98 (Mar 23) to 129.21, marking an increase of 49.23.
For PBDIT Margin (%), as of Mar 24, the value is 32.09. This value is within the healthy range. It has increased from 20.57 (Mar 23) to 32.09, marking an increase of 11.52.
For PBIT Margin (%), as of Mar 24, the value is 27.58. This value exceeds the healthy maximum of 20. It has increased from 16.90 (Mar 23) to 27.58, marking an increase of 10.68.
For PBT Margin (%), as of Mar 24, the value is 27.36. This value is within the healthy range. It has increased from 16.75 (Mar 23) to 27.36, marking an increase of 10.61.
For Net Profit Margin (%), as of Mar 24, the value is 20.29. This value exceeds the healthy maximum of 10. It has increased from 12.54 (Mar 23) to 20.29, marking an increase of 7.75.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 20.29. This value exceeds the healthy maximum of 20. It has increased from 12.54 (Mar 23) to 20.29, marking an increase of 7.75.
For Return on Networth / Equity (%), as of Mar 24, the value is 24.87. This value is within the healthy range. It has increased from 19.11 (Mar 23) to 24.87, marking an increase of 5.76.
For Return on Capital Employeed (%), as of Mar 24, the value is 30.53. This value is within the healthy range. It has increased from 23.81 (Mar 23) to 30.53, marking an increase of 6.72.
For Return On Assets (%), as of Mar 24, the value is 17.29. This value is within the healthy range. It has increased from 13.09 (Mar 23) to 17.29, marking an increase of 4.20.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.93. It has increased from 0.00 (Mar 23) to 0.93, marking an increase of 0.93.
For Current Ratio (X), as of Mar 24, the value is 1.12. This value is below the healthy minimum of 1.5. It has decreased from 1.28 (Mar 23) to 1.12, marking a decrease of 0.16.
For Quick Ratio (X), as of Mar 24, the value is 1.10. This value is within the healthy range. It has decreased from 1.26 (Mar 23) to 1.10, marking a decrease of 0.16.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 21.66. This value is within the healthy range. It has decreased from 31.88 (Mar 23) to 21.66, marking a decrease of 10.22.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 17.72. This value is below the healthy minimum of 20. It has decreased from 24.66 (Mar 23) to 17.72, marking a decrease of 6.94.
For Earning Retention Ratio (%), as of Mar 24, the value is 78.34. This value exceeds the healthy maximum of 70. It has increased from 68.12 (Mar 23) to 78.34, marking an increase of 10.22.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 82.28. This value exceeds the healthy maximum of 70. It has increased from 75.34 (Mar 23) to 82.28, marking an increase of 6.94.
For Interest Coverage Ratio (X), as of Mar 24, the value is 151.79. This value is within the healthy range. It has increased from 138.03 (Mar 23) to 151.79, marking an increase of 13.76.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 96.97. This value is within the healthy range. It has increased from 85.14 (Mar 23) to 96.97, marking an increase of 11.83.
For Enterprise Value (Cr.), as of Mar 24, the value is 13,047.43. It has increased from 9,495.54 (Mar 23) to 13,047.43, marking an increase of 3,551.89.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.07. This value is within the healthy range. It has increased from 1.51 (Mar 23) to 2.07, marking an increase of 0.56.
For EV / EBITDA (X), as of Mar 24, the value is 6.46. This value is within the healthy range. It has decreased from 7.33 (Mar 23) to 6.46, marking a decrease of 0.87.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.14. This value is within the healthy range. It has increased from 1.54 (Mar 23) to 2.14, marking an increase of 0.60.
For Retention Ratios (%), as of Mar 24, the value is 78.33. This value exceeds the healthy maximum of 70. It has increased from 68.11 (Mar 23) to 78.33, marking an increase of 10.22.
For Price / BV (X), as of Mar 24, the value is 2.63. This value is within the healthy range. It has increased from 2.35 (Mar 23) to 2.63, marking an increase of 0.28.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.14. This value is within the healthy range. It has increased from 1.54 (Mar 23) to 2.14, marking an increase of 0.60.
For EarningsYield, as of Mar 24, the value is 0.09. This value is below the healthy minimum of 5. It has increased from 0.08 (Mar 23) to 0.09, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Mahanagar Gas Ltd as of August 8, 2025 is: 1,035.71

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of August 8, 2025, Mahanagar Gas Ltd is Overvalued by 21.48% compared to the current share price 1,319.00

Intrinsic Value of Mahanagar Gas Ltd as of August 8, 2025 is: 1,167.12

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of August 8, 2025, Mahanagar Gas Ltd is Overvalued by 11.51% compared to the current share price 1,319.00

Last 5 Year EPS CAGR: 12.69%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Mahanagar Gas Ltd:
1. Net Profit Margin: 20.29%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 30.53% (Industry Average ROCE: 19.56%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 24.87% (Industry Average ROE: 15.89%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 96.97
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.1
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 12 (Industry average Stock P/E: 32.3)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

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. Currently Company is involved in the business activities of Manufacture of gas; distribution of gaseous fuels through mains. Company's Total Operating Revenue is Rs. 6923.68 Cr. and Equity Capital is Rs. 98.78 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
LPG/CNG/PNG/LNG Bottling/Distribution	MGL House, Block No : G-33, Bandra-Kurla Complex, Mumbai Maharashtra 400051	info@mahanagargas.com http://www.mahanagargas.com

Management
Name	Position Held
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

FAQ

What is the intrinsic value of Mahanagar Gas Ltd?

Mahanagar Gas Ltd's intrinsic value (as of 08 August 2025) is ₹1035.71 which is 21.48% lower the current market price of 1,319.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 13,031 Cr. market cap, FY2025-2026 high/low of 1,989/1,075, reserves of 5,791 Cr, and liabilities of 8,204 Cr.

What is the Market Cap of Mahanagar Gas Ltd?

The Market Cap of Mahanagar Gas Ltd is 13,031 Cr..

What is the current Stock Price of Mahanagar Gas Ltd as on 08 August 2025?

The current stock price of Mahanagar Gas Ltd as on 08 August 2025 is 1,319.

What is the High / Low of Mahanagar Gas Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Mahanagar Gas Ltd stocks is 1,989/1,075.

What is the Stock P/E of Mahanagar Gas Ltd?

The Stock P/E of Mahanagar Gas Ltd is 12.0.

What is the Book Value of Mahanagar Gas Ltd?

The Book Value of Mahanagar Gas Ltd is 596.

What is the Dividend Yield of Mahanagar Gas Ltd?

The Dividend Yield of Mahanagar Gas Ltd is 2.27 %.

What is the ROCE of Mahanagar Gas Ltd?

The ROCE of Mahanagar Gas Ltd is 22.9 %.

What is the ROE of Mahanagar Gas Ltd?

The ROE of Mahanagar Gas Ltd is 17.7 %.

What is the Face Value of Mahanagar Gas Ltd?

The Face Value of Mahanagar Gas Ltd is 10.0.