BSE:539957

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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

539957IndustryMarket
7 Day-2.7%-2.1%-0.9%
30 Day7.0%6.6%5.2%
90 Day30.5%50.1%23.2%
1 Year-1.3%-4.9%26.6%23.3%20.0%17.8%
3 Year11.3%2.8%17.1%10.0%8.5%3.2%
5 Yearn/a62.3%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

Valuation

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

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

NamePositionTenureCompensationOwnership
Sanjib Datta
MD & Additional Director2.67yrs₹9.10mno data
Sunil Ranade
Chief Financial Officer6.58yrs₹8.60m0.00045%
₹ 478.8k
Srinivasan Murali
Senior Vice President of Operations & Maintenanceno data₹8.22mno data
Saghan Srivastava
Company Secretary & Compliance Officer0.92yr₹379.00kno data
Rajesh Wagle
Senior Vice President of Marketing2yrs₹8.82mno data
Chakrapani Atmakur
Vice President of Human Resources & Corporate Social Responsibility2yrs₹6.39mno data
Deepak Sawant
Deputy MD & Additional Whole Time Director1.67yrs₹7.33mno data
T. Sharnagat
Vice President of Contracts & Procurement and Chief Risk Officer1.58yrs₹6.76mno data
Rajesh Patel
Vice President of Financeno data₹6.15mno data
Gurvinder Anand
Vice President of Projectsno data₹5.87mno data
Ramesh Narayanan
AVP of Revenue & Taxationno datano datano data
G. J. P. Murthy
AVP of Constructionno datano datano data

2.0yrs

Average Tenure

55yo

Average Age

Experienced Management: 539957's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sanjib Datta
MD & Additional Director2.67yrs₹9.10mno data
Deepak Sawant
Deputy MD & Additional Whole Time Director1.67yrs₹7.33mno data
Premesh Jain
Independent Director2.75yrs₹1.12mno data
Raj Tewari
Independent Director5.83yrs₹1.18mno data
Manoj Jain
Chairman on the Board0.67yrno datano data
Syed Hussain
Independent Non-Executive Director1.33yrs₹590.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
539957BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 2016
MGLNSEI (National Stock Exchange of India)YesEquity SharesININRJul 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/20 12:16
End of Day Share Price2021/01/20 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.