Mahanagar Gas Ltd

539957

Summary

Fair Value Assessment
Undervalued (28% Discount)
Fair ValueQ1,925.27UncertaintyHigh
Close Price1,367.65Mar 25, 2025
Market Closed
1,349.10
Price Down by 18.55 | 1.36 %
Previous Close
1,367.65
Day Range
1,343.90 – 1,374.95
Year Range
1,075.00 – 1,988.55
Bid / Ask
Market Cap
133.3 Bil
Volume / Average
8.5 k / 20.8 k
Beta (5-Year)
1.05
Shares Outstanding
98.78 Mil
Primary Exchange
Bombay Stock Exchange

Business Description
Mahanagar Gas Ltd is an India-based natural gas distribution company. It distributes natural gas through the City Gas Distribution network of pipelines. It distributes compressed natural gas (CNG) for use in vehicles and piped natural gas (PNG) for domestic household, commercial, and industrial use, and to transport sector customers as well. The company operates under the business segment of the sale of natural gas. Its business operations are principally carried out in India. The company generates revenue by selling natural gas, of which the sale of CNG accounts majorly for the total gas sales revenue.
Contact
Block No. G-33, Bandra-Kurla Complex MGL House, Mumbai, MH 400051
T +91 2266785000
www.mahanagargas.com opens in a new tab
Sector
Utilities
Industry
Utilities - Regulated Gas
Most Recent Earnings
Dec 31, 2024
Fiscal Year End
Mar 31, 2025
Employees
2,229

Key Metrics

Income Statement (in Bil, except ratios)
12/31/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Revenue
68.89 62.67 62.77 35.36 21.36 29.51
Revenue Growth %
9.56% -0.17% 77.50% 65.56% -27.62% 6.51%
Gross Profit
22.89 24.00 16.41 12.91 12.57 14.08
Gross Profit Margin %
33.23% 38.29% 26.14% 36.50% 58.84% 47.72%
Operating Income
12.33 15.71 9.62 7.40 7.70 8.95
Operating Margin %
17.90% 25.06% 15.33% 20.92% 36.03% 30.32%
EBIT
13.53 16.96 10.22 7.68 8.02 9.57
EBIT Margin %
19.64% 27.07% 16.28% 21.71% 37.57% 32.43%
EBITDA
17.00 19.70 12.53 9.64 9.76 11.19
EBITDA Margin %
24.68% 31.44% 19.96% 27.26% 45.70% 37.91%
Net Income
10.46 12.76 7.90 5.97 6.20 7.94
Net Profit Margin %
15.18% 20.37% 12.59% 16.88% 29.01% 26.89%
Basic EPS
105.87 129.21 79.98 60.43 62.72 80.33
Diluted EPS
105.87 129.21 79.98 60.43 62.72 80.33
Normalized EPS
98.70 123.20 77.02 59.43 61.00 72.38
Total Dividends per Share
30.00 28.00 25.50 23.50 34.50 20.00
Balance Sheet (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Total Assets
79.56 73.81 60.32 52.34 46.01 41.29
Total Liabilities
24.17 22.46 18.98 16.36 13.69 11.76
Total Debt
1.54 1.41 1.15 1.03 0.74 0.67
Total Equity
55.39 51.35 41.34 35.97 32.32 29.53
Cash And Cash Equivalents
0.94 1.29 1.18 0.82 0.28 0.15
Working Capital
2.72 2.08 4.45 5.18 6.43 5.58
Shares Outstanding (Bil)
0.10
Book Value Per Share
519.37 418.54 364.18 327.24 298.92
Total Debt To Equity
0.03 0.03 0.03 0.03 0.02 0.02
Cash Flow Statement (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Cash From Operating Activities
14.93 15.68 9.69 9.04 8.06 9.83
Cash From Investing Activities
-9.55 -10.82 -6.49 -5.39 -4.44 -7.52
Cash From Financing Activities
-5.18 -4.99 -2.85 -3.10 -3.49 -2.42
Capital Expenditures
7.83 7.13 6.49 3.40 4.35
Free Cash Flow
6.88 2.43 0.89 4.05 4.03
Change in Cash
0.20 -0.13 0.35 0.54 0.13 -0.11

Profile

Name (Age)
5-Year Trend
2021
2022
2023
2024
2025
Sanjay Shende (—) Director and Deputy Managing Director
Ashu Shinghal (—) Director and Managing Director
Total Compensation for all Key Executives
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
No Data Available
There is no available information for this investment.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
No Data Available
There is no available information for this investment.

Ownership

Name
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Change Amount
Change %
Date
Axis Small Cap Fund Reg Gr 0.93 0.54 918,139
Feb 28, 2025
Vanguard Total Intl Stock Index Inv 0.80 0.00 791,627
Feb 28, 2025
Vanguard Emerging Mkts Stock Idx Inv 0.73 0.01 725,878
Feb 28, 2025
UTI Value fund Reg Gr 0.73 1.00 725,000
75,000
11.54%
Feb 28, 2025
Aditya BSL PSU Equity Reg Gr Not Rated 0.72 1.88 707,043
Feb 28, 2025
Total (for Top 5) 3.92 3,867,687
75,000

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