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Mahanagar Gas Ltd Share Price (MGL)

₹1512.050.59%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Mahanagar Gas Ltd

Key events for Mahanagar Gas Ltd

  • Mahanagar Gas Ltd's Low P/E Ratio Raises Concerns - 17 Feb, 2024

    Mahanagar Gas Ltd's low P/E ratio of 11.6x compared to the market average of 32x and an anticipated EPS contraction of 10% per annum over the next three years raises concerns about its profitability and potential for further decline.

  • Mufin Green Finance Ltd Reports Strong Q3 Results - 15 Feb, 2024

    Mufin Green Finance Ltd, a multibagger NBFC stock, reported total revenue from operations of ₹271.78 crore in Q3FY24, logging around 155% YoY rise and delivering over 450% returns to its investors in the last one year.

  • Mahanagar Gas Considers Price Hike Amid Record Highs - 06 Feb, 2024

    Mahanagar Gas is considering raising gas prices due to a shortage in subsidized supply. Shares of the company rose by 6% and reached a new record high of ₹1,5399 per share.

  • Mahanagar Gas Declares Interim Dividend, No Impact on Prices from CBG Blending - 05 Feb, 2024

    Mahanagar Gas has declared an interim dividend of Rs 12 per equity share for FY 2023-24. The company's MD also stated that blending compressed biogas (CBG) with compressed natural gas (CNG) and piped natural gas (PNG) would not affect their prices.

  • Mahanagar Gas Declares Interim Dividend; Emkay Recommends Buying - 03 Feb, 2024

    Mahanagar Gas has declared an interim dividend of Rs. 12 per share and has been recommended for buying by Emkay Global Financials due to its stable pricing, acquisition of Unison Enviro, and strong balance sheet.

  • Mahanagar Gas Acquires Unison Enviro, Stock Gains - 02 Feb, 2024

    Mahanagar Gas has acquired a 100% stake in Unison Enviro for Rs 562.09 crore, making it a wholly-owned subsidiary. Following this news, Mahanagar Gas stock gained 2.37% to reach Rs 1496.30.

  • Mixed Recommendations for Mahanagar Gas Ltd. - 29 Jan, 2024

    Analysts have mixed recommendations for Mahanagar Gas Ltd., with Motilal Oswal recommending buying the stock while Prabhudas Lilladher suggests reducing holdings. Sharekhan recommends buying on dips, citing strong volume growth and improving CNG conversion. The stock has confirmed a recent breakout on the weekly charts.

  • Mahanagar Gas Reports Strong Q3 Results and Declares Interim Dividend - 25 Jan, 2024

    Mahanagar Gas reports strong Q3 FY24 results with an 84.33% YoY profit increase, a 120% interim dividend of ₹12 per share is declared. The company's shares are up 7.2% from a week ago.

  • Mahanagar Gas Posts Strong Q3 Results - 24 Jan, 2024

    Mahanagar Gas reports an 84.3% YoY increase in Q3 net profit to Rs 317 crore due to lower gas costs. Shares rise by almost 3%. Consolidated net sales for December 2023 were down 6.14% YoY.

  • Mahanagar Gas Ltd Reports 84% Increase in Net Profit - 23 Jan, 2024

    Mahanagar Gas Ltd reported a consolidated net profit of Rs 317.18 crore in Q3 FY2023, an 84% increase YoY. However, revenue from operations declined to Rs 1,723.77 crore.

Analyst Rating for Mahanagar Gas Ltd stock

based on 29 analysts

BUY
62.07%
Buy
20.69%
Hold
17.24%
Sell

Based on 29 analysts offering long term price targets for Mahanagar Gas Ltd. An average target of ₹1389.66

Source: S&P Global Market Intelligence

Mahanagar Gas Ltd share Performance

  • ₹1486.3
    ₹1532.95
    ₹1512.05
    downward going graph

    1.70%

    Downside

    Day's Volatility:3.09%

    Upside

    1.38%

    downward going graph
  • ₹864.7
    ₹1554.3
    ₹1512.05
    downward going graph

    42.81%

    Downside

    52 Weeks Volatility:45.61%

    Upside

    2.79%

    downward going graph
1 Month Return15.68 %
3 Month Return46.88 %
1 Year Return70.98 %
Previous Close₹1,521.10
Open₹1,530.00
Volume2.16L
Market Cap₹15,025.09Cr

Mahanagar Gas Ltd Company Information

Mahanagar Gas Limited (MGL) is the largest city gas distributor in India, operating in Mumbai-Thane urban, adjoining municipalities and Raigad district in Maharashtra. MGL is the sole distributor of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG). As of March 31, 2017, the company supplied CNG to over 545,505 vehicles and PNG connections to 948,892 domestic households, 3218 commercial and 62 industrial consumers in Mumbai and its surrounding areas. MGL was incorporated in 1995, as a joint venture between the Gas Authority of India Limited (GAIL), the BG Group UK (formerly British Gas) and the Government of Maharashtra and has since connected over 4,838 kms of pipelines for CNG and PNG distribution. In 2017-18, it achieved the landmark of having a net worth in excess of Rs 2000 crores. MGL also provides outreach services to its customers, such as call center for grievances, CNG fueled two-wheelers in Mumbai, PGN supply operation to Uran in the Raigad district, and 200th CNG station opened in the Mumbai Metropolitan region.

Share Price: ₹1512.05 per share as on 21 Feb, 2024 12:46 AM
Market Capitalisation: ₹15,025.09Cr as of today
Revenue: ₹1,568.76Cr as on December 2023 (Q4 23)
Net Profit: ₹317.18Cr as on December 2023 (Q4 23)
Listing date: 01 Jul, 2016
OrganisationMahanagar Gas Ltd
Headquarters
IndustryGas Distribution
E-voting on sharesClick here to vote

Fundamentals of Mahanagar Gas Ltd

Insights on Mahanagar Gas Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 1.70% to 3.98% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, MGL stock has moved up by 15.7%

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 30.51% to 30.85% in Dec 2023 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 32.50% of holdings in Dec 2023 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, GAIL India Ltd has given 92.1% return, outperforming this stock by 21.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Adani Total Gas Ltd has given 103.2% return, outperforming this stock by 70.9%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 10.89% to 9.42% in Dec 2023 quarter

Mahanagar Gas Ltd Valuation

Mahanagar Gas Ltd in the last 5 years

  • Overview

  • Trends

Lowest (0.00x)

September 29, 2023

Today (11.62x)

February 19, 2024

Industry (27.44x)

February 19, 2024

Highest (11.72x)

February 6, 2024

LowHigh

Mahanagar Gas Ltd Mutual Fund Holdings

Funds Holdings
UTI Value fund Fund-Direct Growth OptionUTI Value fund Fund-Direct Growth Option1.13%
UTI-Dividend Yield Fund -Growth-DirectUTI-Dividend Yield Fund -Growth-Direct2.1%
HDFC Multi Cap Fund Direct GrowthHDFC Multi Cap Fund Direct Growth0.42%
Aditya Birla Sun Life PSU Equity Fund Direct GrowthAditya Birla Sun Life PSU Equity Fund Direct Growth1.01%
Baroda BNP Paribas Small Cap Fund Direct GrowthBaroda BNP Paribas Small Cap Fund Direct Growth1.92%

Mahanagar Gas Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
32.5%
0.00
Foreign Institutions
30.85%
1.12
Mutual Funds
3.98%
134.40
Retail Investors
9.42%
-13.47
Others
23.25%
-4.74

Technicals of Mahanagar Gas Ltd share

News & Events of Mahanagar Gas Ltd

Frequently Asked Questions

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Mahanagar Gas Ltd (MGL) share price today is ₹1512.05

Mahanagar Gas Ltd is listed on NSE

Mahanagar Gas Ltd is listed on BSE

  • Today’s highest price of Mahanagar Gas Ltd is ₹1532.95.
  • Today’s lowest price of Mahanagar Gas Ltd is ₹1486.3.

PE Ratio of Mahanagar Gas Ltd is 11.62

PE ratio = Mahanagar Gas Ltd Market price per share / Mahanagar Gas Ltd Earnings per share

Today’s traded volume of Mahanagar Gas Ltd(MGL) is 2.16L.

Today’s market capitalisation of Mahanagar Gas Ltd(MGL) is ₹15025.09Cr.

Mahanagar Gas Ltd(MGLPrice
52 Week High
₹1554.3
52 Week Low
₹864.7

Mahanagar Gas Ltd(MGL) share price is ₹1512.05. It is down -2.72% from its 52 Week High price of ₹1554.3

Mahanagar Gas Ltd(MGL) share price is ₹1512.05. It is up 74.86% from its 52 Week Low price of ₹864.7

Mahanagar Gas Ltd(MGLReturns
1 Day Returns
-9.05%
1 Month Returns
15.68%
3 Month Returns
46.88%
1 Year Returns
70.98%