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:

24870.10

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81306.85

-213.65 (-0.85%)
-693.86 (-0.85%)

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Nifty
Sensex

:
:

24870.10
81306.85

-213.65 (-0.85%)
-693.86 (-0.85%)

Mahanagar Gas Ltd.

Gas Transmission/Marketing

Rating :

45/99

BSE: 539957 | NSE: MGL

Watchlist

NSE BSE

1327.10

22-Aug-2025

Open
High
Low
Previous Close

1330.1
1337.3
1317.7
1330.10

Volume
Traded Value (lacs)
52 Week High
52 Week Low

82166
108789545.6
1988
1075.25

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

13,105.34
12.25
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

12,772.45
2.26%
2.11

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

12.79
26.32
4.86

EBITDA CAGR (%)

10 Years
5 Years
3 Years

11.46
10.11
5.76

PAT CAGR (%)

10 Years
5 Years
3 Years

12.89
11.02
9.62

P:E (Median)

8 Years
5 Years
3 Years

12.51
12.51
12.51

P:BV (Average)

8 Years
5 Years
3 Years

1.98
1.98
1.98

EV:EBITDA (Average)

8 Years
5 Years
3 Years

5.95
5.95
5.95

Earnings Forecasts:

(Updated: 06-06-2025)

Description 2024 2025 2026 2027
Adj EPS 129.21 105.33 107.67 116.14
P/E Ratio 10.27 12.60 12.33 11.43
Revenue 6290 7264 7689 8387
EBITDA 1844 1570 1580 1694
Net Income 1276 1041 1091 1146
ROA 19 13.3 13.1 12.7
P/B Ratio 2.55 2.23 1.99 1.81
ROE 27.55 18.9 17.14 16.5
FCFF 832 260 490 486
FCFF Yield 6.8 2.12 4 3.97
Net Debt -1303 -1186 -631 -883
BVPS 520.65 595.28 665.5 735.2

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 2,159.72 1,744.57 23.80% 2,039.00 1,719.06 18.61% 1,929.01 1,723.77 11.91% 1,877.41 1,728.94 8.59%
Expenses 1,674.36 1,326.09 26.26% 1,660.63 1,325.27 25.31% 1,614.59 1,275.08 26.63% 1,478.90 1,250.06 18.31%
EBITDA 485.36 418.48 15.98% 378.37 393.79 -3.92% 314.42 448.69 -29.92% 398.51 478.88 -16.78%
EBIDTM 22.47% 23.99% 18.56% 22.91% 16.30% 26.03% 21.23% 27.70%
Other Income 38.69 40.16 -3.66% 46.41 44.57 4.13% 46.29 48.07 -3.70% 51.15 43.71 17.02%
Interest 3.70 3.10 19.35% 3.88 3.83 1.31% 3.38 2.72 24.26% 3.07 2.47 24.29%
Depreciation 82.58 71.85 14.93% 81.82 77.52 5.55% 79.11 68.29 15.84% 73.48 65.79 11.69%
PBT 437.77 383.69 14.09% 339.08 357.01 -5.02% 278.22 425.75 -34.65% 373.11 454.33 -17.88%
Tax 113.45 99.16 14.41% 86.89 92.02 -5.57% 52.85 108.57 -51.32% 90.31 115.83 -22.03%
PAT 324.32 284.53 13.98% 252.19 264.99 -4.83% 225.37 317.18 -28.95% 282.80 338.50 -16.45%
PATM 15.02% 16.31% 12.37% 15.41% 11.68% 18.40% 15.06% 19.58%
EPS 32.83 28.80 13.99% 25.53 26.82 -4.81% 22.81 32.10 -28.94% 28.62 34.26 -16.46%

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 2,282.07 1,832.15 24.56% 2,152.44 1,771.46 21.51% 2,031.51 1,723.77 17.85% 1,962.87 1,728.94 13.53%
Expenses 1,781.39 1,395.40 27.66% 1,757.43 1,376.42 27.68% 1,706.72 1,275.08 33.85% 1,549.45 1,250.06 23.95%
EBITDA 500.68 436.75 14.64% 395.01 395.04 -0.01% 324.79 448.69 -27.61% 413.42 478.88 -13.67%
EBIDTM 21.94% 23.84% 18.35% 22.30% 15.99% 26.03% 21.06% 27.70%
Other Income 32.15 35.65 -9.82% 42.02 44.13 -4.78% 41.99 48.07 -12.65% 46.93 43.71 7.37%
Interest 4.57 3.20 42.81% 4.17 5.60 -25.54% 3.49 2.72 28.31% 3.20 2.47 29.55%
Depreciation 96.09 83.29 15.37% 92.52 81.24 13.88% 91.07 68.29 33.36% 85.17 65.79 29.46%
PBT 432.17 385.91 11.99% 340.34 352.33 -3.40% 272.22 425.75 -36.06% 371.98 454.33 -18.13%
Tax 113.60 97.14 16.94% 92.47 91.75 0.78% 51.05 108.57 -52.98% 88.48 115.83 -23.61%
PAT 318.57 288.77 10.32% 247.87 260.58 -4.88% 221.17 317.18 -30.27% 283.50 338.50 -16.25%
PATM 13.96% 15.76% 11.52% 14.71% 10.89% 18.40% 14.44% 19.58%
EPS 32.18 29.23 10.09% 25.01 26.38 -5.19% 22.40 32.11 -30.24% 28.70 34.27 -16.25%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 8,005.14 6,923.68 6,244.53 6,299.28 3,560.19 2,152.54 2,972.13 2,791.07 2,233.01 2,033.97 2,078.30 Net Sales Growth 15.74% 10.88% -0.87% 76.94% 65.39% -27.58% 6.49% 24.99% 9.79% -2.13% Cost Of Goods Sold 4,734.58 4,457.92 3,618.07 4,434.85 2,045.40 747.31 1,379.54 1,399.16 1,029.11 1,018.40 1,229.70 Gross Profit 3,270.56 2,465.76 2,626.46 1,864.43 1,514.79 1,405.23 1,592.59 1,391.91 1,203.89 1,015.57 848.60 GP Margin 40.86% 35.61% 42.06% 29.60% 42.55% 65.28% 53.58% 49.87% 53.91% 49.93% 40.83% Total Expenditure 6,428.48 5,417.03 4,401.90 5,115.17 2,636.94 1,221.73 1,919.58 1,905.62 1,452.90 1,391.14 1,569.01 Power & Fuel Cost - 193.60 156.90 148.18 121.80 72.95 117.01 116.22 104.91 103.97 104.44 % Of Sales - 2.80% 2.51% 2.35% 3.42% 3.39% 3.94% 4.16% 4.70% 5.11% 5.03% Employee Cost - 137.78 118.13 107.89 83.31 87.53 80.63 70.88 67.02 60.02 56.30 % Of Sales - 1.99% 1.89% 1.71% 2.34% 4.07% 2.71% 2.54% 3.00% 2.95% 2.71% Manufacturing Exp. - 177.31 145.26 119.50 107.73 86.88 94.10 93.01 83.92 69.68 58.28 % Of Sales - 2.56% 2.33% 1.90% 3.03% 4.04% 3.17% 3.33% 3.76% 3.43% 2.80% General & Admin Exp. - 41.52 34.21 32.16 19.67 39.13 21.65 34.30 29.77 27.30 25.02 % Of Sales - 0.60% 0.55% 0.51% 0.55% 1.82% 0.73% 1.23% 1.33% 1.34% 1.20% Selling & Distn. Exp. - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 % Of Sales - 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Miscellaneous Exp. - 408.90 329.33 272.59 259.03 187.93 226.63 192.05 138.16 111.77 0.00 % Of Sales - 5.91% 5.27% 4.33% 7.28% 8.73% 7.63% 6.88% 6.19% 5.50% 4.58% EBITDA 1,576.66 1,506.65 1,842.63 1,184.11 923.25 930.81 1,052.55 885.45 780.11 642.83 509.29 EBITDA Margin 19.70% 21.76% 29.51% 18.80% 25.93% 43.24% 35.41% 31.72% 34.94% 31.60% 24.51% Other Income 182.54 187.14 175.30 111.96 86.81 83.66 99.24 77.71 57.68 53.98 47.18 Interest 14.03 13.43 11.53 9.39 7.53 7.19 6.53 0.32 0.09 1.02 2.22 Depreciation 316.99 306.26 273.64 231.14 196.27 173.67 161.73 125.93 111.18 95.13 82.61 PBT 1,428.18 1,374.10 1,732.76 1,055.54 806.26 833.60 983.54 836.91 726.51 600.66 471.63 Tax 343.50 329.21 443.69 265.49 209.31 214.03 190.03 290.52 248.64 207.23 160.74 Tax Rate 24.05% 23.96% 25.61% 25.15% 25.96% 25.68% 19.32% 34.71% 34.22% 34.50% 34.08% PAT 1,084.68 1,044.89 1,289.07 790.05 596.95 619.58 793.51 546.39 477.87 393.43 310.89 PAT before Minority Interest 1,084.68 1,044.89 1,289.07 790.05 596.95 619.58 793.51 546.39 477.87 393.43 310.89 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 13.55% 15.09% 20.64% 12.54% 16.77% 28.78% 26.70% 19.58% 21.40% 19.34% 14.96% PAT Growth -10.00% -18.94% 63.16% 32.35% -3.65% -21.92% 45.23% 14.34% 21.46% 26.55% EPS 109.79 105.76 130.47 79.96 60.42 62.71 80.31 55.30 48.37 39.82 31.47

Description TTM Mar 25 Mar 24 Mar 23
Net Sales 8,428.89 7,263.80 6,290.10 6,299.28 Net Sales Growth 19.45% 15.48% -0.15% Cost Of Goods Sold 4,985.69 4,679.68 3,645.60 4,434.85 Gross Profit 3,443.20 2,584.12 2,644.50 1,864.43 GP Margin 40.85% 35.58% 42.04% 29.60% Total Expenditure 6,794.99 5,696.96 4,446.20 5,115.17 Power & Fuel Cost - 198.81 157.52 148.18 % Of Sales - 2.74% 2.50% 2.35% Employee Cost - 146.81 119.41 107.89 % Of Sales - 2.02% 1.90% 1.71% Manufacturing Exp. - 180.46 145.66 119.50 % Of Sales - 2.48% 2.32% 1.90% General & Admin Exp. - 43.23 33.69 32.16 % Of Sales - 0.60% 0.54% 0.51% Selling & Distn. Exp. - 0.00 0.00 0.00 % Of Sales - 0% 0% 0% Miscellaneous Exp. - 447.97 344.32 272.59 % Of Sales - 6.17% 5.47% 4.33% EBITDA 1,633.90 1,566.84 1,843.90 1,184.11 EBITDA Margin 19.38% 21.57% 29.31% 18.80% Other Income 163.09 169.72 174.87 111.96 Interest 15.43 14.06 13.30 9.39 Depreciation 364.85 352.05 277.36 231.14 PBT 1,416.71 1,370.45 1,728.11 1,055.54 Tax 345.60 329.14 443.42 265.49 Tax Rate 24.39% 24.02% 25.66% 25.15% PAT 1,071.11 1,040.57 1,284.69 790.05 PAT before Minority Interest 1,071.32 1,040.45 1,284.69 790.05 Minority Interest 0.21 0.12 0.00 0.00 PAT Margin 12.71% 14.33% 20.42% 12.54% PAT Growth -11.11% -19.00% 62.61% EPS 108.41 105.32 130.03 79.96

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 5,889.31 5,142.87 4,134.22 3,597.31 3,232.37 2,952.67 2,398.87 2,095.35 1,840.04 1,728.43 Share Capital 98.78 98.78 98.78 98.78 98.78 98.78 98.78 98.78 98.78 89.34 Total Reserves 5,790.53 5,044.09 4,035.44 3,498.53 3,133.59 2,853.89 2,300.09 1,996.57 1,741.26 1,639.09 Non-Current Liabilities 474.27 413.16 336.92 309.86 257.83 228.63 220.96 191.64 154.53 135.96 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.20 2.70 4.38 Long Term Provisions 55.00 45.22 33.43 25.86 22.45 18.41 14.31 14.75 14.01 11.18 Current Liabilities 1,840.28 1,669.96 1,561.17 1,326.63 1,110.94 946.72 821.20 723.25 629.68 506.09 Trade Payables 415.41 334.19 322.21 271.85 155.86 131.77 152.45 110.03 120.09 111.62 Other Current Liabilities 1,402.73 1,318.70 1,219.65 1,042.07 944.50 804.05 661.06 607.28 501.78 381.89 Short Term Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Short Term Provisions 22.14 17.07 19.31 12.71 10.59 10.90 7.69 5.95 7.82 12.58 Total Liabilities 8,203.86 7,225.99 6,032.31 5,233.80 4,601.14 4,128.02 3,441.03 3,010.24 2,624.25 2,370.48 Net Block 4,104.24 3,542.96 3,025.70 2,613.73 2,169.32 2,049.19 1,763.41 1,531.95 1,304.75 1,128.75 Gross Block 5,712.16 4,878.31 4,118.64 3,504.29 2,910.87 2,617.79 2,174.00 1,818.73 1,481.74 1,211.24 Accumulated Depreciation 1,607.92 1,335.35 1,092.94 890.56 741.56 568.60 410.59 286.78 176.99 82.49 Non Current Assets 6,313.21 5,364.99 4,026.09 3,388.69 2,846.84 2,622.83 2,266.93 2,034.74 1,829.66 1,631.44 Capital Work in Progress 974.15 774.29 708.62 615.94 560.32 486.53 369.69 356.62 411.53 428.87 Non Current Investment 685.75 617.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 521.60 417.07 204.35 145.48 106.05 73.67 54.94 42.56 30.97 30.09 Other Non Current Assets 27.47 13.48 87.42 13.54 11.15 13.43 78.88 103.60 82.41 43.74 Current Assets 1,890.65 1,861.00 2,006.22 1,845.11 1,754.30 1,505.20 1,174.10 975.50 794.59 739.04 Current Investments 1,054.23 1,018.77 1,309.82 1,088.28 1,024.98 1,121.47 654.02 687.68 466.67 393.40 Inventories 48.92 39.84 33.84 27.49 22.16 18.57 19.12 24.00 23.76 18.03 Sundry Debtors 345.62 280.61 294.03 184.04 127.52 68.43 99.53 88.47 94.54 92.33 Cash & Bank 315.03 398.47 227.87 465.17 511.86 229.47 298.84 91.88 136.11 175.03 Other Current Assets 126.85 24.34 23.25 12.78 67.79 67.26 102.59 83.47 73.51 60.25 Short Term Loans & Adv. 97.33 98.97 117.41 67.35 53.58 7.98 17.50 23.02 26.20 20.93 Net Current Assets 50.37 191.04 445.05 518.48 643.36 558.47 352.90 252.25 164.91 232.95 Total Assets 8,203.86 7,225.99 6,032.31 5,233.80 4,601.14 4,128.03 3,441.03 3,010.24 2,624.25 2,370.48

Description Mar 25 Mar 24 Mar 23
Shareholder's Funds 5,880.18 5,138.41 4,134.22 Share Capital 98.78 98.78 98.78 Total Reserves 5,781.40 5,039.63 4,035.44 Non-Current Liabilities 500.48 410.31 336.92 Secured Loans 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 Long Term Provisions 55.25 45.50 33.43 Current Liabilities 1,874.97 1,699.78 1,561.17 Trade Payables 431.28 347.85 322.21 Other Current Liabilities 1,420.73 1,334.67 1,219.65 Short Term Borrowings 0.00 0.00 0.00 Short Term Provisions 22.96 17.26 19.31 Total Liabilities 8,270.21 7,253.40 6,032.31 Net Block 4,854.10 4,235.06 3,025.70 Gross Block 6,514.66 5,577.30 4,118.64 Accumulated Depreciation 1,660.56 1,342.24 1,092.94 Non Current Assets 6,323.84 5,345.80 4,026.09 Capital Work in Progress 1,068.06 823.39 708.62 Non Current Investment 107.50 50.00 0.00 Long Term Loans & Adv. 273.84 225.61 204.35 Other Non Current Assets 20.34 11.74 87.42 Current Assets 1,946.37 1,907.60 2,006.22 Current Investments 1,054.23 1,018.76 1,309.82 Inventories 52.31 42.07 33.84 Sundry Debtors 364.06 296.49 294.03 Cash & Bank 332.89 426.12 227.87 Other Current Assets 142.88 24.32 23.25 Short Term Loans & Adv. 120.16 99.84 117.41 Net Current Assets 71.40 207.82 445.05 Total Assets 8,270.21 7,253.40 6,032.31

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 1,368.45 1,563.10 969.30 903.67 805.53 985.24 684.64 652.13 532.27 419.04 PBT 1,374.10 1,732.76 1,055.54 806.26 833.60 983.54 836.91 726.51 600.66 471.63 Adjustment 180.00 163.65 164.14 144.35 118.19 102.79 81.94 71.79 57.66 53.07 Changes in Working Capital 83.04 90.66 13.40 165.23 60.23 136.92 36.60 82.18 60.14 44.40 Cash after chg. in Working capital 1,637.14 1,987.07 1,233.08 1,115.84 1,012.02 1,223.24 955.45 880.49 718.45 569.11 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -268.69 -423.97 -263.78 -212.17 -206.50 -238.00 -270.81 -228.36 -186.19 -150.07 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -1,000.97 -1,266.75 -649.09 -539.05 -443.91 -754.84 -438.56 -418.66 -263.31 -222.21 Net Fixed Assets -1,033.71 -825.34 -707.03 -649.04 -366.87 -560.63 -368.34 -282.08 -253.16 410.96 Net Investments -104.02 -326.14 -221.54 -63.30 96.49 -467.45 33.66 -221.01 -73.27 -21.93 Others 136.76 -115.27 279.48 173.29 -173.53 273.24 -103.88 84.43 63.12 -611.24 Cash from Financing Activity -335.87 -311.56 -284.79 -310.33 -348.80 -241.55 -234.56 -225.84 -283.76 -191.43 Net Cash Inflow / Outflow 31.61 -15.21 35.42 54.29 12.81 -11.16 11.52 7.63 -14.80 5.40 Opening Cash & Equivalents 102.69 117.90 82.48 28.19 15.38 26.53 15.02 7.39 22.19 16.79 Closing Cash & Equivalent 134.30 102.69 117.90 82.48 28.19 15.38 26.53 15.02 7.39 22.19

Description Mar 25 Mar 24 Mar 23
Cash From Operating Activity 1,405.77 1,567.87 969.30 PBT 1,369.59 1,728.11 1,055.54 Adjustment 244.58 170.05 164.14 Changes in Working Capital 60.35 93.96 13.40 Cash after chg. in Working capital 1,674.52 1,992.12 1,233.08 Interest Paid 0.00 0.00 0.00 Tax Paid -268.75 -424.25 -263.78 Other Direct Exp. Paid 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 Cash From Investing Activity -1,051.86 -1,081.95 -649.09 Net Fixed Assets -1,033.71 -825.34 Net Investments -104.02 -326.14 Others 85.87 69.53 Cash from Financing Activity -331.53 -499.25 -284.79 Net Cash Inflow / Outflow 22.38 -13.33 35.42 Opening Cash & Equivalents 129.37 117.90 82.48 Closing Cash & Equivalent 151.75 129.37 117.90

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 596.20 520.64 418.53 364.17 327.24 298.92 242.86 212.13 186.28 193.46 ROA 13.54% 19.45% 14.03% 12.14% 14.20% 20.97% 16.94% 16.96% 15.75% 13.71% ROE 18.94% 27.79% 20.44% 17.48% 20.03% 29.66% 24.32% 24.29% 22.05% 19.83% ROCE 25.15% 37.60% 27.55% 23.83% 27.19% 37.00% 37.25% 36.89% 33.65% 30.02% Fixed Asset Turnover 1.43 1.53 1.82 1.21 0.85 1.36 1.53 1.49 1.66 1.59 Receivable days 15.06 15.28 12.61 14.64 15.30 9.39 11.22 13.62 15.23 15.06 Inventory Days 2.13 1.96 1.62 2.33 3.18 2.11 2.57 3.55 3.41 2.83 Payable days 30.69 33.11 24.45 38.16 70.24 28.25 26.50 30.04 31.34 26.62 Cash Conversion Cycle -13.50 -15.87 -10.22 -21.19 -51.77 -16.76 -12.70 -12.87 -12.70 -8.74 Total Debt/Equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Interest Cover 103.32 151.28 113.41 108.07 116.87 151.73 2593.66 8037.65 589.25 213.25

Description Mar 25 Mar 24 Mar 23
Book Value (Rs.) 595.28 520.19 418.53 ROA 13.40% 19.34% 13.10% ROE 18.89% 27.71% 19.11% ROCE 25.11% 37.56% 25.76% Fixed Asset Turnover 1.32 1.43 1.68 Receivable days 15.11 15.59 15.51 Inventory Days 2.16 2.00 1.78 Payable days 30.38 33.54 26.52 Cash Conversion Cycle -13.12 -15.95 -9.23 Total Debt/Equity 0.00 0.00 0.00 Interest Cover 98.41 130.93 113.41

Top Investors:

governor of maharashtra

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bajaj allianz life insurance company ltd.

Annual Reports:

News Update:

Mahanagar Gas reports 10% rise in Q1 consolidated net profit
22nd Jul 2025, 17:39 PM

The total consolidated income of the company increased by 23.90% at Rs 2314.22 crore for Q1FY26
Read More
Mahanagar Gas - Quarterly Results
22nd Jul 2025, 13:50 PM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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