Mahanagar Gas Limited

BSE:539957 Stock Report

Market Cap: ₹114.3b

Mahanagar Gas Valuation

Is 539957 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 539957 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 539957 (₹1187.4) is trading above our estimate of fair value (₹962.39)

Significantly Below Fair Value: 539957 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 539957?

Key metric: As 539957 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 539957. This is calculated by dividing 539957's market cap by their current earnings.
What is 539957's PE Ratio?
PE Ratio10.3x
Earnings₹11.42b
Market Cap₹114.34b

Price to Earnings Ratio vs Peers

How does 539957's PE Ratio compare to its peers?

The above table shows the PE ratio for 539957 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36x
IGL Indraprastha Gas
12.3x1.8%₹218.9b
GSPL Gujarat State Petronet
12.6x-21.6%₹187.4b
GUJGASLTD Gujarat Gas
25.3x15.0%₹317.9b
ATGL Adani Total Gas
94.1xn/a₹669.9b
539957 Mahanagar Gas
10.3x1.1%₹114.3b

Price-To-Earnings vs Peers: 539957 is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (36x).

Price to Earnings Ratio vs Industry

How does 539957's PE Ratio compare vs other companies in the Asian Gas Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
539957 10.3xIndustry Avg. 13.4xNo. of Companies12PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 539957 is good value based on its Price-To-Earnings Ratio (10.3x) compared to the Asian Gas Utilities industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is 539957's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

539957 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ratio19.8x

Price-To-Earnings vs Fair Ratio: 539957 is good value based on its Price-To-Earnings Ratio (10.3x) compared to the estimated Fair Price-To-Earnings Ratio (19.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 539957 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,187.40
₹1,584.52
+33.4%
18.4%₹2,150.00₹1,040.00n/a27
Nov ’25₹1,447.45
₹1,695.79
+17.2%
16.9%₹2,320.00₹1,100.00n/a28
Oct ’25₹1,914.35
₹1,829.07
-4.5%
19.4%₹2,400.00₹1,160.00n/a29
Sep ’25₹1,792.45
₹1,774.50
-1.0%
19.2%₹2,302.00₹1,160.00n/a28
Aug ’25₹1,824.20
₹1,760.45
-3.5%
19.1%₹2,302.00₹1,160.00n/a29
Jul ’25₹1,746.20
₹1,468.28
-15.9%
14.1%₹1,859.00₹1,070.00n/a29
Jun ’25₹1,297.80
₹1,449.41
+11.7%
13.0%₹1,680.00₹1,070.00n/a29
May ’25₹1,442.75
₹1,427.79
-1.0%
15.4%₹1,740.00₹960.00n/a29
Apr ’25₹1,382.80
₹1,406.17
+1.7%
15.2%₹1,665.00₹960.00n/a29
Mar ’25₹1,497.35
₹1,389.66
-7.2%
16.8%₹1,665.00₹925.00n/a29
Feb ’25₹1,461.70
₹1,386.55
-5.1%
16.7%₹1,665.00₹925.00n/a29
Jan ’25₹1,204.45
₹1,211.44
+0.6%
11.7%₹1,411.00₹895.00n/a27
Dec ’24₹1,063.00
₹1,211.93
+14.0%
11.5%₹1,411.00₹895.00n/a28
Nov ’24₹1,004.15
₹1,211.93
+20.7%
11.5%₹1,411.00₹895.00₹1,447.4528
Oct ’24₹1,029.00
₹1,200.61
+16.7%
12.3%₹1,411.00₹871.00₹1,914.3528
Sep ’24₹1,030.15
₹1,186.52
+15.2%
12.9%₹1,411.00₹871.00₹1,792.4529
Aug ’24₹1,120.10
₹1,172.89
+4.7%
12.2%₹1,350.00₹871.00₹1,824.2027
Jul ’24₹1,048.75
₹1,164.92
+11.1%
12.0%₹1,350.00₹871.00₹1,746.2026
Jun ’24₹1,068.20
₹1,159.28
+8.5%
12.1%₹1,350.00₹871.00₹1,297.8025
May ’24₹1,008.35
₹1,071.13
+6.2%
10.7%₹1,280.00₹825.00₹1,442.7524
Apr ’24₹984.35
₹1,043.50
+6.0%
10.7%₹1,280.00₹825.00₹1,382.8024
Mar ’24₹903.40
₹1,001.63
+10.9%
11.4%₹1,280.00₹642.00₹1,497.3527
Feb ’24₹880.00
₹993.11
+12.9%
11.8%₹1,280.00₹642.00₹1,461.7027
Jan ’24₹838.60
₹990.93
+18.2%
11.8%₹1,280.00₹642.00₹1,204.4527
Dec ’23₹900.30
₹973.22
+8.1%
12.7%₹1,280.00₹642.00₹1,063.0027
Nov ’23₹865.80
₹963.07
+11.2%
12.8%₹1,280.00₹642.00₹1,004.1528

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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