Mahanagar Gas Limited (MGL)

Price1,020.60 2.05 (0.20%)52 Week High1,144.00
ISININE002S0101052 Week Low771.40
IndustryGas DistributorsVolume351.7 T
SectorUtilitiesP/E Ratio TTM10.36
Market Cap100.8 B1 Year Beta0.60
Technical Rating of

Mahanagar Gas Limited (MGL) logo

Mahanagar Gas Limited (MGL) is a leading natural gas distribution company in India. It operates in the Mumbai Metropolitan Region (MMR) and the Gujarat region. MGL has a strong track record of financial performance, with revenue and profit growing steadily over the past few years.

In the financial year 2022-23, MGL’s revenue grew by 15% to Rs. 6,661 crore. Profit after tax (PAT) grew by 20% to Rs. 2,401 crore. The company’s operating margin was 36%, which is higher than the industry average of 30%.

MGL’s strong financial performance is driven by a number of factors, including:

  • A growing customer base: MGL’s customer base has grown steadily over the past few years, reaching 2.5 million in the financial year 2022-23.
  • Increasing demand for natural gas: Natural gas is a cleaner and more efficient fuel than other fossil fuels, such as coal and oil. This has led to increasing demand for natural gas in India, which is one of the fastest growing economies in the world.
  • Government support: The Indian government is promoting the use of natural gas as a cleaner fuel. This has led to the government providing financial assistance to natural gas distribution companies, such as MGL.

MGL is well-positioned to continue to grow in the future. The company has a strong financial position and a growing customer base. The Indian government is also promoting the use of natural gas, which will further boost demand for MGL’s products and services.

Investment Outlook for MGL

MGL is a good investment for investors looking for exposure to the growing natural gas market in India. The company has a strong track record of financial performance and is well-positioned to continue to grow in the future. MGL is also a relatively low-risk investment, as it is backed by the Indian government.

However, there are some risks associated with investing in MGL, such as:

  • Competition from other natural gas distribution companies: The natural gas distribution market in India is becoming increasingly competitive. This could put pressure on MGL’s margins in the future.
  • Changes in government policy: The Indian government could change its policy on natural gas, which could impact MGL’s business.
  • Economic slowdown: If the Indian economy slows down, it could impact MGL’s demand for natural gas.

Overall, MGL is a good investment for investors looking for exposure to the growing natural gas market in India. However, investors should carefully consider the risks before making an investment decision.

          

Mahanagar Gas Limited (MGL) Chart

Technical Analysis of Mahanagar Gas Limited (MGL)

Spinning Top White
Spinning Top White is formed on Mahanagar Gas Limited (MGL) in 1 Day Timeframe. White spinning tops are candlestick lines that are small, green-bodied, and possess shadows (upper and lower) that end up exceeding the length of candle bodies. They often signal indecision between buyer and seller.

Moving Averages

PeriodSimpleExponential
MA 51,037.091,030.74
MA 101,038.421,034.72
MA 201,035.421,035.14
MA 301,021.931,036.57
MA 501,045.931,038.84
MA 1001,046.361,028.79
MA 200981.30992.22

Moving Average Rating

Technical Indicators

NameValueNameValue
Aroon Up (14)21.43Aroon Down (14)57.14
MACD Level (12, 26)-0.92MACD Signal (12, 26)-0.17
Relative Strength Index (7)39.74Relative Strength Index (14)45.02
Stochastic %D (14 3 3)44.20Stochastic %K (14 3 3)28.70
Stochastic RSI Fast (3, 3, 14, 14)14.05Stochastic RSI Slow (3, 3, 14, 14)30.91
Bollinger Upper Band (20)1,068.99Bollinger Lower Band (20)1,001.84
Keltner Channels Upper Band (20)1,081.17Keltner Channels Lower Band (20)989.12
Donchian Channels Upper Band (20)1,077.90Donchian Channels Lower Band (20)994.50
Ichimoku Conversion Line (9, 26, 52, 26)1,034.93Ichimoku Base Line (9, 26, 52, 26)1,026.40
Ichimoku Leading Span A (9, 26, 52, 26)1,056.27Ichimoku Leading Span B (9, 26, 52, 26)1,057.27
Positive Directional Indicator (14)18.14Negative Directional Indicator (14)26.11
Volume Weighted Average Price1,021.08Volume Weighted Moving Average 201,039.78

Oscillator Rating

Oscillators

Awesome Oscillator11.29
Ultimate Oscillator (7,14,28)48.36
Money Flow (14)41.23
Chaikin Money Flow (20)0.03
Commodity Channel Index (20)-67.80
Bull Bear Power-27.34

High / Low

1 Month1,077.90991.10
3 Month1,144.00970.55
6 Month1,144.00909.00
52 Week1,144.00771.40
All Time1,377.50492.65

Volume

Volume351.7 T
Average 10 D450.2 T
Average 30 D434.1 T
Average 60 D479.2 T
Average 90 D417.9 T

Change/Volatility

Change2.05 (0.20%)
Change 1W-32.75 (-3.11%)
Change 1M-3.40 (-0.33%)
Volatility2.12
Volatility W2.19

Performance

Yesterday21.11
Weekly-2.80
Monthly2.47
3 Month-1.58
6 Month4.68
Yearly19.38
5 Year21.78
All Time89.00

Misc.

Average Day Range (14)22.94
Average Directional Index (14)16.09
Average True Range (14)23.26
Williams Percent Range (14)-78.82
Rate Of Change (9)-3.41
Hull Moving Average (9)1,028.87
Momentum (10)-32.50
Parabolic SAR1,063.30

PIVOT POINTS of Mahanagar Gas Limited (MGL)

NameS3S2S1Pivot PointsR1R2R3
Classic699.28872.73948.371,046.181,121.821,219.631,393.08
Fibonacci872.73938.99979.931,046.181,112.441,153.381,219.63
Camarilla976.30992.201,008.101,046.181,039.901,055.801,071.70
Woodie's763.57867.06937.021,040.511,110.481,213.961,283.93
DeMark's - - 910.551,027.271,084.00 - -

Financial Analysis of Mahanagar Gas Limited (MGL)

Income Statement

Basic EPS (FY)79.98
Basic EPS (TTM)98.53
EBITDA (Annual YoY Growth)26.99
EBITDA (Quarterly QoQ Growth)33.76
EBITDA (Quarterly YoY Growth)82.55
EBITDA (TTM)14.2 B
EBITDA (TTM YoY Growth)56.74
EPS Diluted (Annual YoY Growth)32.35
EPS Diluted (FY)79.98
EPS Diluted (MRQ)37.30
EPS Diluted (Quarterly QoQ Growth)37.05
EPS Diluted (Quarterly YoY Growth)98.92
EPS Diluted (TTM)98.53
EPS Diluted (TTM YoY Growth)68.36
EPS Forecast (MRQ)35.70
Free Cash Flow (Annual YoY Growth)1.91
Free Cash Flow Margin (FY)4.80
Gross Profit (Annual YoY Growth)37.48
Gross Profit (FY)12.6 B
Gross Profit (MRQ)6 B
Gross Profit (Quarterly QoQ Growth)27.89
Gross Profit (Quarterly YoY Growth)60.63
Gross Profit (TTM YoY Growth)40.08
Last Year Revenue (FY)63 B
Revenue (Annual YoY Growth)76.94
Revenue per Employee (FY)29.1 M
Revenue (Quarterly QoQ Growth)-4.51
Revenue (Quarterly YoY Growth)5.71
Revenue (TTM YoY Growth)45.07
Net Income (Annual YoY Growth)32.35
Net Income (FY)7.9 B
Net Income (Quarterly QoQ Growth)37.05
Net Income (Quarterly YoY Growth)98.92
Net Income (TTM YoY Growth)68.36
Total Revenue (FY)63 B

Valuation

Enterprise Value/EBITDA (TTM)7.10
Number of Employees2,164.00
Number of Shareholders171.1 T
Shares Float54.6 M
Price to Book (FY)2.44
Price to Earnings Ratio (TTM)10.36
Price to Revenue Ratio (TTM)1.58
Price to Sales (FY)1.60
Total Shares Outstanding98.8 M
Selling & Admin expenses Ratio (FY)4.35
Selling & Admin expenses Ratio (TTM)8.97

Balance Sheet

Total Assets (Annual YoY Growth)15.30
Total Debt (Annual YoY Growth)11.28
Total Liabilities (FY)19.5 B
Cash & Equivalents (FY)1.2 B
Cash and short term investments (FY)15.4 B

Operating Metrics

Dividends

Dividend Yield Forward2.55
Dividends Paid (FY)-2,518,200,000.00
Dividends per share (Annual YoY Growth)4.00
Dividends per Share (FY)26.00

Margins

Net Margin (FY)12.54
Net Margin (TTM)15.25
Gross Margin (FY)19.99
Gross Margin (TTM)27.47
Operating Margin (FY)15.50
Operating Margin (TTM)18.49
Pretax Margin (TTM)20.39

Mahanagar Gas Limited (MGL) FUTURES

ExpiryOpenHighLowCloseSettleContractsValueOIOI Change
28-Sep-231,021.001,033.101,010.201,021.501,021.509687.9 T2 M-161,600
26-Oct-231,027.001,036.451,015.001,025.551,025.555294.3 T454.4 T160 T
30-Nov-231,034.001,036.601,017.501,036.601,034.553256.4 T0

Mahanagar Gas Limited (MGL) OPTIONS

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