Mahanagar Gas
Market Cap
₹106.4b
Last Updated
2021/01/20 12:16 UTC
Data Sources
Company Financials
Executive Summary
Mahanagar Gas Limited operates as a natural gas distribution company primarily in India. More Details
Snowflake Analysis
Flawless balance sheet with acceptable track record.
Share Price & News
How has Mahanagar Gas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 539957 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 539957's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.7%
539957
-2.1%
IN Gas Utilities
-0.9%
IN Market
1 Year Return
-4.9%
539957
23.3%
IN Gas Utilities
17.8%
IN Market
Return vs Industry: 539957 underperformed the Indian Gas Utilities industry which returned 23.3% over the past year.
Return vs Market: 539957 underperformed the Indian Market which returned 17.8% over the past year.
Shareholder returns
| 539957 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.7% | -2.1% | -0.9% |
| 30 Day | 7.0% | 6.6% | 5.2% |
| 90 Day | 30.5% | 50.1% | 23.2% |
| 1 Year | -1.3%-4.9% | 26.6%23.3% | 20.0%17.8% |
| 3 Year | 11.3%2.8% | 17.1%10.0% | 8.5%3.2% |
| 5 Year | n/a | 62.3%43.9% | 82.3%68.5% |
Long-Term Price Volatility Vs. Market
How volatile is Mahanagar Gas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall St
Mahanagar Gas Limited (BOM:539957) Investors Are Paying Above The Intrinsic Value2 years ago | Simply Wall St
BSE Favorite Utilities Dividend Stocks2 years ago | Simply Wall St
Best BSE Utilities Dividend Picks For The DayValuation
Is Mahanagar Gas undervalued compared to its fair value and its price relative to the market?
19.75x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 539957 (₹1084.2) is trading above our estimate of fair value (₹295.51)
Significantly Below Fair Value: 539957 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 539957 is good value based on its PE Ratio (19.8x) compared to the IN Gas Utilities industry average (22.7x).
PE vs Market: 539957 is poor value based on its PE Ratio (19.8x) compared to the Indian market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 539957's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 539957 is good value based on its PB Ratio (3.7x) compared to the IN Gas Utilities industry average (5.2x).
Next Steps
Future Growth
How is Mahanagar Gas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
11.6%
Forecasted Utilities industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mahanagar Gas has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Mahanagar Gas's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Mahanagar Gas competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Utilities industry.
Past Performance
How has Mahanagar Gas performed over the past 5 years?
17.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 539957 has high quality earnings.
Growing Profit Margin: 539957's current net profit margins (24.7%) are higher than last year (24%).
Past Earnings Growth Analysis
Earnings Trend: 539957's earnings have grown by 17.8% per year over the past 5 years.
Accelerating Growth: 539957's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 539957 had negative earnings growth (-25%) over the past year, making it difficult to compare to the Gas Utilities industry average (-3.5%).
Return on Equity
High ROE: 539957's Return on Equity (18.8%) is considered low.
Next Steps
Financial Health
How is Mahanagar Gas's financial position?
Financial Position Analysis
Short Term Liabilities: 539957's short term assets (₹17.4B) exceed its short term liabilities (₹12.3B).
Long Term Liabilities: 539957's short term assets (₹17.4B) exceed its long term liabilities (₹2.3B).
Debt to Equity History and Analysis
Debt Level: 539957 is debt free.
Reducing Debt: 539957 has no debt compared to 5 years ago when its debt to equity ratio was 0.7%.
Debt Coverage: 539957 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 539957 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Mahanagar Gas's current dividend yield, its reliability and sustainability?
1.84%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 539957's dividend (1.84%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).
High Dividend: 539957's dividend (1.84%) is in the top 25% of dividend payers in the Indian market (1.83%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 539957 has been paying a dividend for less than 10 years.
Growing Dividend: 539957's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (19.1%), 539957's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
Sanjib Datta (58 yo)
2.67yrs
Tenure
₹9,102,153
Compensation
Mr. Sanjib Datta serve as Managing Director & Director of Mahanagar Gas Ltd. since May 30, 2018. Mr. Datta served as a Director of ONGC Petro additions Limited since January 18, 2017 until June 19, 2018. M...
CEO Compensation Analysis
Compensation vs Market: Sanjib's total compensation ($USD124.33K) is below average for companies of similar size in the Indian market ($USD485.68K).
Compensation vs Earnings: Sanjib's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Additional Director | 2.67yrs | ₹9.10m | no data | |
| Chief Financial Officer | 6.58yrs | ₹8.60m | 0.00045% ₹ 478.8k | |
| Senior Vice President of Operations & Maintenance | no data | ₹8.22m | no data | |
| Company Secretary & Compliance Officer | 0.92yr | ₹379.00k | no data | |
| Senior Vice President of Marketing | 2yrs | ₹8.82m | no data | |
| Vice President of Human Resources & Corporate Social Responsibility | 2yrs | ₹6.39m | no data | |
| Deputy MD & Additional Whole Time Director | 1.67yrs | ₹7.33m | no data | |
| Vice President of Contracts & Procurement and Chief Risk Officer | 1.58yrs | ₹6.76m | no data | |
| Vice President of Finance | no data | ₹6.15m | no data | |
| Vice President of Projects | no data | ₹5.87m | no data | |
| AVP of Revenue & Taxation | no data | no data | no data | |
| AVP of Construction | no data | no data | no data |
2.0yrs
Average Tenure
55yo
Average Age
Experienced Management: 539957's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Additional Director | 2.67yrs | ₹9.10m | no data | |
| Deputy MD & Additional Whole Time Director | 1.67yrs | ₹7.33m | no data | |
| Independent Director | 2.75yrs | ₹1.12m | no data | |
| Independent Director | 5.83yrs | ₹1.18m | no data | |
| Chairman on the Board | 0.67yr | no data | no data | |
| Independent Non-Executive Director | 1.33yrs | ₹590.00k | no data |
2.2yrs
Average Tenure
61.5yo
Average Age
Experienced Board: 539957's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Mahanagar Gas Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mahanagar Gas Limited
- Ticker: 539957
- Exchange: BSE
- Founded: 1995
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: ₹106.403b
- Shares outstanding: 98.78m
- Website: https://www.mahanagargas.com
Number of Employees
Location
- Mahanagar Gas Limited
- MGL House
- Block G-33
- Mumbai
- Maharashtra
- 400051
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 539957 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Jul 2016 |
| MGL | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Jul 2016 |
Biography
Mahanagar Gas Limited operates as a natural gas distribution company primarily in India. The company offers domestic piped natural gas (PNG), commercial PNG, industrial PNG, and compressed natural gas (CNG...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 12:16 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.