Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Mahanagar Gas Ltd

About the Company - Mahanagar Gas Ltd

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. 3560.18 Cr. and Equity Capital is Rs. 98.78 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
LPG/CNG/PNG/LNG Bottling/DistributionMGL House, Block No : G-33, Bandra-Kurla Complex, Mumbai Maharashtra 400051info@mahanagargas.com
http://www.mahanagargas.com
Management
NamePosition Held
Mr. Mahesh V IyerChairman
Mr. Ashu ShinghalManaging Director
Mr. Sanjay ShendeDeputy Managing Director
Mr. Syed S HussainIndependent Director
Mr. Venkatraman SrinivasanIndependent Director
Ms. Malvika SinhaIndependent Director
Mr. Rajeev Bhaskar SahiIndependent Director
Dr. Harshadeep KambleGovernment Nominee Director

Basic Stock Data of Mahanagar Gas Ltd

Last Updated: June 25, 2024, 10:32 pm

Market Cap 14,779 Cr.
Current Price 1,496
High / Low1,580/971
Stock P/E11.5
Book Value 521
Dividend Yield1.74 %
ROCE36.6 %
ROE27.8 %
Face Value 10.0
PEG Ratio1.12

Mahanagar Gas Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales6667186158301,0281,0871,4551,5631,6711,6101,5381,5711,569
Expenses3504023125289258711,1691,3101,4151,2211,0171,0921,120
Operating Profit317316304302103215286253256390521479449
OPM %48%44%49%36%10%20%20%16%15%24%34%30%29%
Other Income20171923222320263234394448
Interest2222222222323
Depreciation44454547485654555964626668
Profit before tax29128727627575180250221227357496454426
Tax %25%26%26%26%24%27%26%26%24%25%26%25%26%
Net Profit21721320420457132185164172269368338317
EPS in Rs21.9921.5420.6620.685.7513.3418.7516.6017.4227.2137.3034.2732.11

Last Updated: June 7, 2024, 9:04 am

Mahanagar Gas Ltd Quarterly Chart

Mahanagar Gas Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,3091,5141,8852,0952,0782,0342,2332,7912,9722,1533,5606,2996,288
Expenses8101,0321,3971,6051,5691,3901,4531,9061,9191,2192,6365,1154,449
Operating Profit4994834884905096447808851,0539349241,1841,839
OPM %38%32%26%23%24%32%35%32%35%43%26%19%29%
Other Income1932344147535878998186112164
Interest01012100778910
Depreciation647181808395111126162174196231260
Profit before tax4544424424494726017278379848348061,0561,733
Tax %32%33%33%33%34%34%34%35%19%26%26%25%
Net Profit3082992973013113934785467946205977901,293
EPS in Rs34.4533.4133.2733.6934.8039.8348.3855.3280.3362.7260.4379.98130.89
Dividend Payout %44%52%53%52%50%48%39%36%44%37%41%20%

Mahanagar Gas Ltd Profit & Loss Yearly Chart

Mahanagar Gas Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:17%
3 Years:43%
TTM:-1%
Compounded Profit Growth
10 Years:16%
5 Years:19%
3 Years:28%
TTM:63%
Stock Price CAGR
10 Years:%
5 Years:11%
3 Years:7%
1 Year:42%
Return on Equity
10 Years:23%
5 Years:23%
3 Years:22%
Last Year:28%

Last Updated: June 15, 2024, 4:31 pm

Mahanagar Gas Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital89898989899999999999999999
Reserves9781,0931,2081,3181,6391,7411,9972,3002,8543,1343,4994,0354,581
Borrowings1010816531-06774103115115
Other Liabilities4655876647436377829141,0421,1091,2951,5341,7831,862
Total Liabilities1,5421,7791,9692,1662,3702,6243,0103,4414,1284,6015,2346,0326,656
Fixed Assets7649269911,0641,1291,3051,5321,7632,0492,1692,6143,0263,252
CWIP322315345380429412357370487560616709622
Investments2363023423713934676886541,1211,0251,0881,3101,865
Other Assets221237290350419441434654471847916988917
Total Assets1,5421,7791,9692,1662,3702,6243,0103,4414,1284,6015,2346,0326,656

Mahanagar Gas Ltd Reserves and Borrowings Chart

Mahanagar Gas Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 428439398427419532652685985806904969
Cash from Investing Activity -326-285-200-261-222-263-419-439-755-444-539-649
Cash from Financing Activity -91-157-185-176-191-284-226-235-242-349-310-285
Net Cash Flow11-313-105-15812-11135435

Mahanagar Gas Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days22211716171413822191716
Inventory Days6555885511534
Days Payable393432334339403576482634
Cash Conversion Cycle-11-8-10-12-18-16-22-21-44-24-7-13
Working Capital Days-88-77-80-59-79-86-78-95-149-104-62-11
ROCE %39%35%33%30%34%37%37%37%27%23%27%

Mahanagar Gas Ltd Financial Efficiency Indicators Chart

Mahanagar Gas Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters32.50%32.50%32.50%32.50%32.50%32.50%32.50%32.50%32.50%32.50%32.50%32.50%
FIIs29.59%29.38%25.32%24.98%25.81%28.37%29.73%30.95%32.38%30.51%30.85%30.54%
DIIs18.39%17.80%19.05%17.34%16.06%15.58%15.61%14.93%15.15%16.10%17.23%17.40%
Government10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%
Public9.52%10.32%13.13%15.18%15.63%13.56%12.15%11.60%9.96%10.89%9.43%9.55%
No. of Shareholders1,53,8271,64,0381,92,4552,18,2212,14,2501,99,7241,81,2221,67,7171,54,3831,53,5821,41,6171,49,718

Mahanagar Gas Ltd Shareholding Pattern Chart

No. of Mahanagar Gas Ltd Shareholders

Mahanagar Gas Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Equity Arbitrage Fund - Regular Plan534,4000.1955.17198,4002024-06-24169.35%
UTI Dividend Yield Fund400,0001.3541.3198,4002024-06-24101.61%
Bandhan Arbitrage Fund198,4000.520.48198,4002024-06-240%
Baroda BNP Paribas Small Cap Fund175,0001.518.22198,4002024-06-24-11.79%
HDFC Arbitrage Fund - Regular Plan123,2000.1712.72198,4002024-06-24-37.9%
HDFC Arbitrage Fund - Wholesale Plan123,2000.1712.72198,4002024-06-24-37.9%
Tata Arbitrage Fund84,8000.118.83198,4002024-06-24-57.26%
Edelweiss Arbitrage Fund74,4000.17.75198,4002024-06-24-62.5%
NJ Balanced Advantage Fund68,6760.197.15198,4002024-06-24-65.39%
Invesco India Arbitrage Fund64,0000.086.61198,4002024-06-24-67.74%

Mahanagar Gas Ltd ROCE Trend

Mahanagar Gas Ltd EPS Trend

Mahanagar Gas Ltd Key Financial Ratios

MonthMar 24
FaceValue10.00
Basic EPS (Rs.)129.21
Diluted EPS (Rs.)129.21
Cash EPS (Rs.)157.95
Book Value[Excl.RevalReserv]/Share (Rs.)519.85
Book Value[Incl.RevalReserv]/Share (Rs.)519.85
Revenue From Operations / Share (Rs.)636.78
PBDIT / Share (Rs.)204.37
PBIT / Share (Rs.)175.63
PBT / Share (Rs.)174.29
Net Profit / Share (Rs.)129.21
NP After MI And SOA / Share (Rs.)129.21
PBDIT Margin (%)32.09
PBIT Margin (%)27.58
PBT Margin (%)27.36
Net Profit Margin (%)20.29
NP After MI And SOA Margin (%)20.29
Return on Networth / Equity (%)24.87
Return on Capital Employeed (%)30.53
Return On Assets (%)17.29
Current Ratio (X)1.18
Quick Ratio (X)1.16
Interest Coverage Ratio (X)151.79
Interest Coverage Ratio (Post Tax) (X)96.97
Enterprise Value (Cr.)13047.44
EV / Net Operating Revenue (X)2.07
EV / EBITDA (X)6.46
MarketCap / Net Operating Revenue (X)2.14
Price / BV (X)2.63
Price / Net Operating Revenue (X)2.14
EarningsYield0.09

Mahanagar Gas Ltd Profitability Ratios (%)

Mahanagar Gas Ltd Liquidity Ratios

Mahanagar Gas Ltd Liquidity Ratios (%)

Mahanagar Gas Ltd Interest Coverage Ratios (%)

Mahanagar Gas Ltd Valuation Ratios

Fair Value

Fair Value: 1,694.62

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.

Undervalued: 13.28% compared to the current price 1496

Intrinsic Value: 1,868.43

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 24.90% compared to the current price ₹1496

Last 5 Year EPS CAGR: 10.26%

*Investments are subject to market risks

Strength and Weakness of Mahanagar Gas Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 29.92%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -80.67, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -17.17, which is a positive sign.
  4. The company has higher reserves (2,336.69 cr) compared to borrowings (40.54 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (2.46 cr) and profit (542.31 cr) over the years.

    FAQ

    What is the latest fair value of Mahanagar Gas Ltd?

    The latest fair value of Mahanagar Gas Ltd is ₹1694.62.

    What is the Market Cap of Mahanagar Gas Ltd?

    The Market Cap of Mahanagar Gas Ltd is 14,779 Cr..

    What is the current Stock Price of Mahanagar Gas Ltd as on 25 June 2024?

    The current stock price of Mahanagar Gas Ltd as on 25 June 2024 is ₹1,496.

    What is the High / Low of Mahanagar Gas Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Mahanagar Gas Ltd stocks is 1,580/971.

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

    The Stock P/E of Mahanagar Gas Ltd is 11.5.

    What is the Book Value of Mahanagar Gas Ltd?

    The Book Value of Mahanagar Gas Ltd is 521.

    What is the Dividend Yield of Mahanagar Gas Ltd?

    The Dividend Yield of Mahanagar Gas Ltd is 1.74 %.

    What is the ROCE of Mahanagar Gas Ltd?

    The ROCE of Mahanagar Gas Ltd is 36.6 %.

    What is the ROE of Mahanagar Gas Ltd?

    The ROE of Mahanagar Gas Ltd is 27.8 %.

    What is the Face Value of Mahanagar Gas Ltd?

    The Face Value of Mahanagar Gas Ltd is 10.0.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mahanagar Gas Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE