Mahanagar Gas Limited

BSE:539957 Stock Report

Market Cap: ₹129.7b

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 (₹1313.3) is trading above our estimate of fair value (₹966.53)

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 Ratio11.4x
Earnings₹11.42b
Market Cap₹129.68b

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 Average43x
IGL Indraprastha Gas
16.7x0.6%₹308.9b
GSPL Gujarat State Petronet
13.6x-21.6%₹207.1b
GUJGASLTD Gujarat Gas
27.8x13.9%₹353.9b
ATGL Adani Total Gas
114xn/a₹800.3b
539957 Mahanagar Gas
11.4x0.4%₹129.7b

Price-To-Earnings vs Peers: 539957 is good value based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (43x).

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 11.4xIndustry Avg. 14.6xNo. of Companies9PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 539957 is good value based on its Price-To-Earnings Ratio (11.4x) compared to the Asian Gas Utilities industry average (14.6x).

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 Ratio11.4x
Fair PE Ratio19.7x

Price-To-Earnings vs Fair Ratio: 539957 is good value based on its Price-To-Earnings Ratio (11.4x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).

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₹1,313.30
₹1,555.96
+18.5%
21.1%₹2,200.00₹1,000.00n/a28
Dec ’25₹1,193.90
₹1,584.89
+32.7%
19.7%₹2,200.00₹1,000.00n/a28
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₹895.00₹1,282.3027
Dec ’24₹1,063.00
₹1,211.93
+14.0%
11.5%₹1,411.00₹895.00₹1,193.9028
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

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/04 23:14
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Mahanagar Gas Limited is covered by 52 analysts. 28 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vivekanand SubbaramanAmbit Capital
Nitin BhasinAmbit Capital
Ritesh GuptaAmbit Capital