Mahanagar Gas Ltd Analyst Rating
based on 28 analysts
55.17%
Buy
20.69%
Hold
24.14%
Sell
Based on 28 analysts offering long term price targets for Mahanagar Gas Ltd. An average target of ₹1576.96
Source: S&P Global Market Intelligence
Mahanagar Gas Ltd Share analysis
Mahanagar Gas Ltd price forecast by 28 analysts
Upside of25.19%
High
₹2200
Target
₹1576.96
Low
₹1000
Mahanagar Gas Ltd target price ₹1576.96, a slight upside of 25.19% compared to current price of ₹1215.3. According to 28 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Mahanagar Gas Ltd revenue growth forecast
Expected growth rate Q1, FY2026:12.31%
Forecast
Actual
Including amortisation and stock based compensations
Mahanagar Gas Ltd EPS growth forecast
EPS estimate Q1, FY2026:
Forecast
Actual
Source: S&P Global Market Intelligence
Mahanagar Gas Ltd Performance
Day's Low
Day's High
₹1,209.95Day's Price Range₹1,264.2552 Week's Low
52 Week's High
₹1,075.2552-Week Price Range₹1,988
| Returns % | |
| 1 Month Return | + 11.93 % |
| 3 Month Return | -34.8 % |
| 1 Year Return | + 5.97 % |
| Market Stats | |
| Previous Close | ₹1,259.65 |
| Open | ₹1,258.00 |
| Volume | 4.11L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹12,244.00Cr |
Mahanagar Gas Ltd Key Statistics
| P/E Ratio | 10.9 |
| PEG Ratio | -17.58 |
| Market Cap | ₹12,244.00 Cr |
| P/B Ratio | 2.62 |
| EPS | 129.21 |
| Dividend Yield | 2.2 |
| Sector | Gas Distribution |
| ROE | 27.79 |
Mahanagar Gas Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹12,244.00 Cr | 3.98% | 0.52 | ₹1,276 Cr | ₹6,290 Cr | |
| HOLD | ₹27,888.03 Cr | -2.01% | 0.51 | ₹1,983 Cr | ₹14,000 Cr | |
| HOLD | ₹34,632.91 Cr | 24.79% | 0.52 | ₹1,143 Cr | ₹15,690 Cr | |
| HOLD | ₹20,816.58 Cr | 14.2% | 0.51 | ₹2,183 Cr | ₹17,294 Cr | |
| HOLD | ₹50,257.50 Cr | 4.34% | 0.59 | ₹3,527 Cr | ₹52,729 Cr |
About Mahanagar Gas Ltd
Share Price: ₹1215.30 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹12,244.00Cr as of today
Revenue: ₹1,786.25Cr as on September 2024 (Q3 24)
Net Profit: ₹283.50Cr as on September 2024 (Q3 24)
Listing date: 01 Jul, 2016
Chairperson Name: Sandeep Kumar Gupta
| Organisation | Mahanagar Gas Ltd |
| Headquarters | |
| Industry | Gas Distribution |
| E-voting on shares | Click here to vote |
Key events for Mahanagar Gas Ltd
Mahanagar Gas Shares Recover Amid APM Concerns - 19 Dec, 2024
Mahanagar Gas Ltd shares have rebounded 10% from November lows, despite concerns over the impact of administered price mechanism (APM) gas de-allocations on their operations.Mahanagar Gas Shares Rebound Amid GST Speculation - 18 Dec, 2024
Mahanagar Gas shares have rebounded 10% from November lows, fueled by speculation about natural gas being included under GST. However, Nuvama warns of imminent profit declines and unsupportive fundamentals.Mahanagar Gas Launches Safety Helpline Amid Risks - 05 Dec, 2024
Mahanagar Gas Limited has launched a helpline, MGL Sahayogi, to report unsafe digging activities threatening underground gas pipelines in Mumbai. This initiative aims to enhance public safety and prevent potential gas leaks and disruptions.MGL Partners with Nawgati for CNG Adoption - 04 Dec, 2024
Mahanagar Gas Limited (MGL) collaborates with Nawgati to enhance CNG adoption among fleet operators through the CNG Mahotsav 2.0 initiative, offering incentives and digital payment solutions.Mahanagar Gas Faces Price Increases Amid Scarcity - 29 Nov, 2024
Mahanagar Gas is exploring options to ensure price stability for customers as scarcity has led to over 2% price increases in some areas this week. Analysts suggest further price hikes may be necessary to maintain margins.Mahanagar Gas Raises CNG Prices Post Elections - 25 Nov, 2024
Mahanagar Gas Ltd announced a ₹2 per kg increase in CNG prices to ₹77 following the Maharashtra assembly elections, driven by rising input costs and reduced gas allocation.Mahanagar Gas Increases CNG Prices Amid Supply Issues - 24 Nov, 2024
Mahanagar Gas Limited has raised CNG prices from Rs 75 to Rs 77 per kilogram due to a reduction in the supply of cheaper input gas, leading to increased costs.Mahanagar Gas Implements CNG Price Hike Amid Cost Pressures - 22 Nov, 2024
Mahanagar Gas Limited has raised the price of CNG by ₹2 per kg to ₹77, effective November 22, due to rising input costs and reduced domestic gas allocations. The stock saw a positive market response, with shares rising up to 4% following the announcement. Analysts suggest further price hikes may be necessary to maintain profitability amid ongoing cost pressures.Mahanagar Gas Stock Target Prices Cut Amid Decline - 21 Nov, 2024
Mahanagar Gas, along with other City Gas Distribution stocks, has seen a significant decline of 23% to 43% over the past three months. Target prices for Mahanagar Gas have been reduced by 30-42%, and the stock rating has been downgraded to 'Reduce' from 'Buy'.Mahanagar Gas Faces Forecast Downgrade Amid Price Cuts - 20 Nov, 2024
Mahanagar Gas has seen a significant stock decline due to government cuts in APM gas allocation, with Emkay Global lowering its RoE forecast to 14% for FY26-27E.
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.
POSITIVE IMPACTFII Holding Up
Foreign Institutions have increased holdings from 31.49% to 34.20% in Sep 2024 quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 32.50% of holdings in Sep 2024 quarter
- NO EFFECT
Against Peers
In the last 1 year, GAIL India Ltd has given 34.0% return, outperforming this stock by 29.9%
- NO EFFECT
Against Peers
In the last 3 years, GAIL India Ltd has given 130.5% return, outperforming this stock by 83.6%
NEGATIVE IMPACTPrice Dip
In the last 3 months, MGL stock has moved down by -35.3%
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 9.34% to 7.84% in Sep 2024 quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 5.24% to 5.13% in Sep 2024 quarter
Mahanagar Gas Ltd Financials
Index Inclusions
Mahanagar Gas Ltd Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 32.5% | 0.00 | |
| Foreign Institutions | 34.2% | 8.60 | |
| Mutual Funds | 5.13% | ||
| Retail Investors | 7.84% | ||
| Others | 20.33% |
Mahanagar Gas Ltd Key Indicators
Mahanagar Gas Ltd Valuation
Mahanagar Gas Ltd in the last 5 years
Lowest (0.00x)
September 29, 2023
Today (10.90x)
December 19, 2024
Industry (19.02x)
December 19, 2024
Highest (16.84x)
October 3, 2024
Mahanagar Gas Ltd Earnings and Dividends
Mahanagar Gas Ltd Earnings Results
Mahanagar Gas Ltd’s net profit fell -16.25% since last year same period to ₹283.51Cr in the Q2 2024-2025. On a quarterly growth basis, Mahanagar Gas Ltd has generated -1.82% fall in its net profits since last 3-months.
Read More about Earnings ResultsMahanagar Gas Ltd Dividends May,2024
In the quarter ending March 2024, Mahanagar Gas Ltd has declared dividend of ₹18 - translating a dividend yield of 2.47%.
Read More about Dividends
Mahanagar Gas Ltd Technicals Summary
Bearish
Neutral
Bullish
Mahanagar Gas Ltd is currently in a Bearish trading position according to technical analysis indicators.
FAQs on Mahanagar Gas Ltd
- Get a PAN card.
- Open a Demat account.
- Open a Trading account.
- Link your Demat account to your Trading account.
- Fund your Trading account.
- Place an order to buy Mahanagar Gas Ltd shares.
Mahanagar Gas Ltd (MGL) share price today is ₹1215.3
Mahanagar Gas Ltd is listed on NSE
Mahanagar Gas Ltd is listed on BSE
- Today’s highest price of Mahanagar Gas Ltd is ₹1264.25.
- Today’s lowest price of Mahanagar Gas Ltd is ₹1209.95.
PE Ratio of Mahanagar Gas Ltd is 10.9
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 4.11L.
Today’s market capitalisation of Mahanagar Gas Ltd(MGL) is ₹12244Cr.
| Mahanagar Gas Ltd(MGL | Price |
|---|---|
52 Week High | ₹1988 |
52 Week Low | ₹1075.25 |
Mahanagar Gas Ltd(MGL) share price is ₹1215.3. It is down -38.87% from its 52 Week High price of ₹1988
Mahanagar Gas Ltd(MGL) share price is ₹1215.3. It is up 13.02% from its 52 Week Low price of ₹1075.25
| Mahanagar Gas Ltd(MGL | Returns |
|---|---|
1 Day Returns | -44.35% |
1 Month Returns | 11.93% |
3 Month Returns | -34.8% |
1 Year Returns | 5.97% |