Mahanagar Gas Analyst Rating
based on 28 analysts
58.62%
Buy
20.69%
Hold
20.69%
Sell
Based on 28 analysts offering long term price targets for Mahanagar Gas. An average target of ₹1541.75
Source: S&P Global Market Intelligence
Mahanagar Gas Share analysis
Mahanagar Gas price forecast by 28 analysts
Upside of16.66%
High
₹2150
Target
₹1541.75
Low
₹1100
Mahanagar Gas target price ₹1541.75, a slight upside of 16.66% compared to current price of ₹1321.6. According to 28 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Mahanagar Gas revenue growth forecast
Expected growth rate Q1, FY2027:21.58%
Forecast
Actual
Including amortisation and stock based compensations
Mahanagar Gas EPS growth forecast
EPS estimate Q1, FY2027:
Forecast
Actual
Source: S&P Global Market Intelligence
Mahanagar Gas Performance
Day's Low
Day's High
₹1,285.8Day's Price Range₹1,332.852 Week's Low
52 Week's High
₹1,075.2552-Week Price Range₹1,988
| Returns % | |
| 1 Month Return | + 6.62 % |
| 3 Month Return | -16.47 % |
| 1 Year Return | + 1.54 % |
| Market Stats | |
| Previous Close | ₹1,294.50 |
| Open | ₹1,298.95 |
| Volume | 7.61L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹12,786.78Cr |
Mahanagar Gas Key Statistics
| P/E Ratio | 11.43 |
| PEG Ratio | -18.44 |
| Market Cap | ₹12,786.78 Cr |
| P/B Ratio | 2.62 |
| EPS | 129.21 |
| Dividend Yield | 2.2 |
| Sector | Gas Distribution |
| ROE | 27.79 |
Mahanagar Gas Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹12,786.78 Cr | 3.29% | 0.52 | ₹1,276 Cr | ₹6,290 Cr | |
| HOLD | ₹27,825.03 Cr | -2.72% | 0.51 | ₹1,983 Cr | ₹14,000 Cr | |
| HOLD | ₹33,676.04 Cr | 16.81% | 0.52 | ₹1,143 Cr | ₹15,690 Cr | |
| HOLD | ₹19,801.00 Cr | 9.15% | 0.51 | ₹2,183 Cr | ₹17,294 Cr | |
| HOLD | ₹49,350.00 Cr | 3.76% | 0.59 | ₹3,527 Cr | ₹52,729 Cr |
About Mahanagar Gas
Share Price: ₹1321.60 per share as on 17 Jan, 2025 04:01 PM
Market Capitalisation: ₹12,786.78Cr 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 |
| Headquarters | |
| Industry | Gas Distribution |
| E-voting on shares | Click here to vote |
Key events for Mahanagar Gas Ltd
Analysts Initiate Coverage on Mahanagar Gas Ltd - 15 Jan, 2025
Analysts have initiated coverage of Mahanagar Gas Ltd with an overweight rating and a target price of Rs 1,606, citing strong volume growth potential despite lower margins. They highlight the increasing demand for natural gas in Mumbai as a key driver for the company's growth.Mahanagar Gas Receives Positive Ratings and Price Targets - 14 Jan, 2025
Mahanagar Gas Ltd saw significant stock movement following positive coverage from Morgan Stanley and HDFC Securities, highlighting strong growth potential and a bullish outlook for natural gas in Mumbai.Mahanagar Gas Ltd Sees Positive Developments and Upgrades - 11 Jan, 2025
Mahanagar Gas Ltd is experiencing positive momentum with a significant increase in gas allocation, share upgrades, and rising stock prices, indicating strong market confidence.Mahanagar Gas Receives Increased Gas Allocation and Upgrades - 10 Jan, 2025
Mahanagar Gas Ltd is set to benefit from a 26% increase in domestic gas allocation, raising CNG supply to 51%. Analysts have upgraded the stock to Buy with a target of Rs 1,700, reflecting strong fundamentals and positive market sentiment.Mahanagar Gas Boosts Domestic Gas Allocation Significantly - 09 Jan, 2025
Mahanagar Gas Limited (MGL) announced a 26% increase in domestic gas allocation, enhancing CNG supply from 37% to 51%, effective January 16, 2025. This increase is expected to positively impact the company's profitability and meet growing CNG demand.Mahanagar Gas Board Change Announced - 06 Jan, 2025
Mahanagar Gas Limited announced the cessation of Dr. Harshadeep Kamble as Nominee Director effective January 6, 2025. Additionally, shares rallied following positive supply news from Citigroup analysts.Mahanagar Gas Shares Rise on Government Gas Supply Order - 03 Jan, 2025
On January 3, 2025, Mahanagar Gas Ltd shares increased by 2.5% following an Oil Ministry directive for GAIL and ONGC to supply gas to city gas firms.Mahanagar Gas Recommended for Long-Term Investment - 31 Dec, 2024
Mahanagar Gas is highlighted as a potential long-term investment opportunity in the gas distribution sector, despite ongoing challenges with gas supply.Mahanagar Gas Increases CNG Prices Amid Challenges - 27 Dec, 2024
Mahanagar Gas Ltd. raised CNG prices by ₹1/kg in December, following a previous hike. Morgan Stanley remains positive on city gas stocks despite price volatility and challenges.Emkay Global Updates Mahanagar Gas Target Price - 26 Dec, 2024
Emkay Global Financial Services reports that city gas distribution companies, including Mahanagar Gas Ltd (MGL), are seeking additional gas amid APM allocation cuts. Analysts maintain an 'add' rating on MGL with a target price of Rs 1,400, indicating a potential upside of 12%.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.
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 4.2% return, outperforming this stock by 6.8%
- NO EFFECT
Against Peers
In the last 3 years, GAIL India Ltd has given 79.0% return, outperforming this stock by 40.0%
NEGATIVE IMPACTPrice Dip
In the last 3 months, MGL stock has moved down by -31.5%
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 5.24% to 5.13% in Sep 2024 quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 9.34% to 7.84% in Sep 2024 quarter
Mahanagar Gas Financials
Index Inclusions
Mahanagar Gas 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 Key Indicators
Mahanagar Gas Valuation
Mahanagar Gas in the last 5 years
Lowest (0.00x)
September 29, 2023
Today (11.43x)
January 17, 2025
Industry (18.25x)
January 17, 2025
Highest (16.84x)
October 3, 2024
Mahanagar Gas 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 2.27%.
Read More about Dividends
Mahanagar Gas Technicals Summary
Bearish
Neutral
Bullish
Mahanagar Gas Ltd is currently in a Bullish trading position according to technical analysis indicators.
FAQs on Mahanagar Gas Ltd
Mahanagar Gas Ltd share price today stands at ₹1321.6, Open. ₹1298.95 ; Previous Close. ₹1294.5 ; High. ₹1332.8 ; Low. ₹1285.8 ; 52 Week High. ₹1988 ; 52 Week Low: ₹1075.25.
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Mahanagar Gas Ltd is listed on NSE
Mahanagar Gas Ltd is listed on BSE
- Today’s highest price of Mahanagar Gas Ltd is ₹1332.8.
- Today’s lowest price of Mahanagar Gas Ltd is ₹1285.8.
PE Ratio of Mahanagar Gas Ltd is 11.43
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 7.61L.
Today’s market capitalisation of Mahanagar Gas Ltd(MGL) is ₹12786.78Cr.
| Mahanagar Gas Ltd(MGL | Price |
|---|---|
52 Week High | ₹1988 |
52 Week Low | ₹1075.25 |
Mahanagar Gas Ltd(MGL) share price is ₹1321.6. It is down -33.52% from its 52 Week High price of ₹1988
Mahanagar Gas Ltd(MGL) share price is ₹1321.6. It is up 22.91% from its 52 Week Low price of ₹1075.25
| Mahanagar Gas Ltd(MGL | Returns |
|---|---|
1 Day Returns | 27.1% |
1 Month Returns | 6.62% |
3 Month Returns | -16.47% |
1 Year Returns | 1.54% |