Mahanagar Gas Ltd.

NSE: MGL BSE: 539957 SECTOR: Gas Transmission/Marketing

1136.5
-2.6 (-0.23%)
NSE: Today, 03:59 PM

Price Summary

Today's High

₹ 1154.7

Today's Low

₹ 1134

52 Week High

₹ 1284.4

52 Week Low

₹ 779.65

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.

Company Essentials

Market Cap

11226.09 Cr.

Enterprise Value

10996.62 Cr.

No. of Shares

9.88 Cr.

P/E

18.12

P/B

3.47

Face Value

₹ 10

Div. Yield

2.02%

Book Value (TTM)

₹  327.24

CASH

229.47 Cr.

DEBT

0 Cr.

Promoter Holding

32.5%

EPS (TTM)

₹  62.72

Sales Growth

6.49%

ROE

29.66 %

ROCE

37 %

Profit Growth

45.23 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Ratios

Sales Growth

1 Year6.49%
3 Year13.48%
5 Year7.25%

Profit Growth

1 Year45.23%
3 Year26.35%
5 Year21.39%

ROE%

1 Year29.66%
3 Year26.09%
5 Year24.03%

ROCE %

1 Year37%
3 Year37.05%
5 Year34.96%

Debt/Equity

0

Price to Cash Flow

11.42

Interest Cover Ratio

151.733624521073

CFO/PAT (5 Yr. Avg.)

1.29682313691678

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2021 32.5 0
Mar 2021 32.5 0
Dec 2020 32.5 0
Sep 2020 32.5 0
Jun 2020 32.5 0
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 26.3462996746032% for the Past 3 years.
  • Company has been maintaining healthy ROE of 26.0855119438919% over the past 3 years.
  • Company has been maintaining healthy ROCE of 37.04654510864% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 151.733624521073.
  • The Company has been maintaining an effective average operating margins of 28.8004433885214% in the last 5 years.
  • Company’s PEG ratio is 0.400619665404358.
  • The company has an efficient Cash Conversion Cycle of -16.7101304791039 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.29682313691678.

 Limitations

  • The company has shown a poor revenue growth of 13.4769180435816% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Net Sales 752.67 277.47 548.95 727.33 784.04
Total Expenditure 508.84 197.48 327.86 410.61 467.88
Operating Profit 243.83 79.99 221.09 316.72 316.16
Other Income 26.96 24.52 18.43 20.39 17.17
Interest 2.08 1.53 2.03 1.72 1.92
Depreciation 43.99 42.26 42.46 44.12 44.84
Exceptional Items 0 0 0 0 0
Profit Before Tax 224.72 60.72 195.03 291.27 286.57
Tax 58.13 15.47 50.69 74.06 73.8
Profit After Tax 166.59 45.25 144.34 217.21 212.77
Adjusted EPS (Rs) 16.86 4.58 14.61 21.99 21.54

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 2078.3 2033.97 2233.01 2791.07 2972.13
Total Expenditure 1569.37 1391.14 1452.9 1905.62 1919.29
Operating Profit 508.93 642.84 780.11 885.45 1052.84
Other Income 47.54 53.98 57.68 77.71 98.95
Interest 2.22 1.02 0.09 0.32 6.53
Depreciation 82.61 95.13 111.18 125.93 161.73
Exceptional Items 0 0 0 0 0
Profit Before Tax 471.63 600.66 726.51 836.91 983.54
Tax 160.74 207.23 248.64 290.52 190.03
Net Profit 310.89 393.43 477.87 546.39 793.51
Adjusted EPS (Rs.) 34.8 39.83 48.38 55.32 80.33

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 89.34 98.78 98.78 98.78 98.78
Total Reserves 1639.09 1741.26 1996.57 2300.09 2853.89
Borrowings 4.38 2.7 1.2 0 0
Other N/C liabilities 131.58 151.83 190.44 220.96 228.63
Current liabilities 506.09 629.68 723.25 821.2 947.2
Total Liabilities 2370.48 2624.25 3010.24 3441.02 4128.5
Assets
Net Block 1128.75 1304.75 1531.95 1763.41 2049.19
Capital WIP 428.87 411.53 356.62 369.69 486.53
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 30.09 30.97 42.56 54.94 73.67
Other N/C Assets 43.74 82.41 103.6 78.88 13.43
Current Assets 739.04 794.59 975.5 1174.1 1505.67
Total Assets 2370.48 2624.25 3010.24 3441.02 4128.5
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit from operations 471.63 600.66 726.51 836.91 983.54
Adjustment 53.07 57.66 71.79 81.94 99.73
Changes in Assets & Liabilities 44.4 60.14 82.18 36.6 137.36
Tax Paid -150.07 -186.19 -228.36 -270.81 -238.01
Operating Cash Flow 419.04 532.27 652.13 684.64 982.62
Investing Cash Flow -222.21 -263.31 -418.66 -438.56 -752.22
Financing Cash Flow -191.43 -283.76 -225.84 -234.56 -241.55
Net Cash Flow 5.4 -14.8 7.63 11.52 -11.16

Corporate Actions

Investors Details

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Promoters 32.5 32.5 32.5 32.5 32.5
gail (india) ltd 0 0 32.5 0 32.5
gail (india) limited 0 0 0 32.5 0
gail (india) ltd 0 0 32.5 0 32.5
gail (india) ltd. 32.5 0 0 0 0
gail (india) ltd 0 32.5 0 0 0
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Public 8.89 11.78 9.85 9.22 9.52
body corporate-ltd liabil... 0 0 0 0 0.03
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
FII/DII 48.61 45.72 47.65 48.28 47.98
schroder international se... 3.64 3.02 2.85 2.85 2.85
stichting depositary apg ... 1.53 0 0 0 0
governor of maharashtra 10 10 10 10 0
governor of maharashtra 10 10 10 10 0
l&t mutual fund trustee l... 3.52 0 0 0 0
sbi life insurance co. lt... 0 1.69 1.33 1.35 0
sbi life insurance co. lt... 0 1.69 1.33 1.35 0
sbi life insurance co. lt... 2.09 0 0 0 0
sbi life insurance co. lt... 2.09 0 0 0 0
bajaj allianz life insura... 0 0 0 0 0
life insurance corporatio... 1.61 4.23 5.12 5.64 6.31
fidelity investment trust... 1.09 1.52 3.12 3.15 2.87
hdfc life insurance compa... 2.03 2.54 2.55 2.64 2.72
tata mutual fund- tata eq... 1.06 1.22 0 0 0
vontobel fund - mtx susta... 3.64 7.31 7.83 7.83 7.05
hdfc life insurance compa... 2.03 2.54 2.55 2.64 2.72
l and t mutual fund trust... 0 2.85 1.58 0 0
aberdeen standard oeic ii... 0 0 0 1.02 1.02

Company Presentations

Mahanagar Gas Stock Price Analysis and Quick Research Report. Is Mahanagar Gas an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Mahanagar Gas has a PE ratio of 18.1949059046356 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Mahanagar Gas has ROA of 20.9659051561724 % which is a good sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Mahanagar Gas has a Current ratio of 1.58960620228368 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Mahanagar Gas has a ROE of 29.6553930786886 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Mahanagar Gas has a D/E ratio of 0 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Mahanagar Gas has an Inventory turnover ratio of 173.24754151431 which shows that the management is efficient in relation to its Inventory and working capital management.

  • Sales growth: - Mahanagar Gas has reported revenue growth of 6.4869200501857 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Mahanagar Gas for the current financial year is 35.423607750958 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Mahanagar Gas is Rs 35 and the yield is 2.0016 %.

Brief about Mahanagar Gas

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