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Mahanagar Gas Ltd

Updated on December 4, 2019

Stock/Share Code - MGL

Mahanagar Gas Ltd is in the business of City Gas Distribution (CGD), presently supplying Natural Gas in the city of Mumbai including its adjoining areas and the Raigad district, in the State of Maharashtra, India.

Below is the details of MGL Mahanagar Gas Ltd

Market Cap₹10,309 Cr.
Current Price ₹1,039 as on 9 Dec 19
52 Week High / Low Price₹1,067.25 / ₹754.15
Face Value₹10
Stock P/E14.27
Book Value₹274.7
Dividend Yield1.92 %
ROCE37.25 %
ROE24.32 %
Sales Growth (3yrs)10.33 %
SectorGas Distribution
IndustryMiscellaneous
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company is virtually debt free. Company has been maintaining a healthy dividend payout of 41.05%
Cons: Promoter's stake has decreased The company has delivered a poor growth of 8.16% over past five years. Promoter holding is low: 32.50%

Mahanagar Gas Ltd Price Chart

Mahanagar Gas Ltd Price Chart

Mahanagar Gas Ltd Peer Comparison in Gas Distribution

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. GAIL (India) ₹116.2 9.50 ₹56,850.34 Cr. 2.83 ₹1,167.07 Cr. -34.70 -5.73 18235.45 21.53
2. Petronet LNG ₹272.65 14.94 ₹40,725 Cr. 3.68 ₹1,103.14 Cr. 105.98 -12.88 9361.18 30.34
3. Indraprastha Gas ₹409.7 28.30 ₹28,941.53 Cr. 0.58 ₹380.98 Cr. 103.43 18.93 1692.45 29.58
4. Adani Gas ₹207.45 52.24 ₹17,745.44 Cr. 0.15 ₹120.06 Cr. 136.99 11.67 472.57 24.96
5. Guj.St.Petronet ₹272.65 8.06 ₹12,141.46 Cr. 0.93 ₹696.2 Cr. 116.05 21.71 3043.23 28.37
6. Mahanagar Gas 14.27 ₹10,308.94 Cr. 1.92 ₹270.62 Cr. 98.56 12.50 783.58 37.25
7. Deep Industries ₹104.5 5.31 ₹370.88 Cr. 1.29 ₹26.49 Cr. 57.77 -25.65 52.93 16.51

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Mahanagar Gas Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019
Sales504525531534581587619697753723757784
YOY Sales Growth %-2.08%2.96%9.81%2.47%15.29%11.74%16.67%30.49%29.46%23.09%22.31%12.5%
Expenses337362328334380411408475514509481510
Material Cost %48.19%49.64%43.55%44.37%46.39%49.64%47.3%51.14%50.95%50.73%45.97%48.3%
Employee Cost %2.84%3.05%3.29%3.13%2.89%2.74%2.73%2.59%2.32%2.56%3.22%2.44%
Operating Profit167163203200201176211221239214277273
OPM %33%31%38%37%35%30%34%32%32%30%37%35%
Other Income121312141417151820242023
Interest0-00000000011
Depreciation252625262734303133333739
Profit before tax154150190188188160197209227205259256
Tax %36%34%35%34%34%34%35%35%35%35%34%-6%
Net Profit9999124125124105128136148133170271
EPS in Rs10.0210.0712.5912.6312.5510.6112.9913.8015.0213.5117.2327.40
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales5916397738401,3091,5141,8852,0952,0782,0342,2332,7913,016
Sales Growth %9.26%8.25%20.86%8.73%55.78%15.69%24.48%11.13%-0.79%-2.13%9.79%24.99%%
Expenses3433914954638101,0321,3971,6051,5691,3901,4531,9062,013
Material Cost %39.74%40.15%44.85%35.25%47.43%53.63%60.7%61.85%59.28%50.15%46.16%50.23%%
Manufacturing Cost %12.2%13.96%12.48%10.5%6.81%7.01%6.45%6.88%7.83%8.54%8.46%7.69%%
Employee Cost %3%3.23%3.58%4.34%3.49%3.45%3.17%3.3%3.61%3.98%3.91%3.29%%
Other Cost %3.11%3.84%3.19%4.98%4.17%4.04%3.78%4.59%4.77%5.67%6.54%7.06%%
Operating Profit2482482773784994834884905096447808851,003
OPM %42%39%36%45%38%32%26%23%24%32%35%32%33%
Other Income11151611193234414753587888
Interest2121010121003
Depreciation37414856647181808395111126142
Profit before tax220221244332454442442449472601727837946
Tax %33%33%34%32%32%33%33%33%34%34%34%35%
Net Profit147147162226308299297301311393478546723
EPS in Rs15.6715.6117.1923.8332.0130.4430.3030.1331.2339.8348.3855.3173.16
Dividend Payout %27%30%30%34%44%52%53%52%50%48%39%36%

Compounded Sales Growth

  • 10 Years:: 15.88%
  • 5 Years:: 8.16%
  • 3 Years:: 10.33%
  • TTM:: 21.42%

Compounded Profit Growth

  • 10 Years:: 14.03%
  • 5 Years:: 12.94%
  • 3 Years:: 20.68%
  • TTM:: 46.47%

Return on Equity

  • 3 Years:: 11.81%
  • 1 Year:: 25.39%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019
Share Capital89898989898989898999999999
Equity Capital89.3489.3489.3489.3489.3489.3489.3489.3489.3498.7898.7898.7898.78
Reserves4915866918269781,0931,2081,3181,6391,7411,9972,3002,615
Borrowings241611111010816531050
Other Liabilities1902362833574695916697496447909231,0521,108
Trade Payables61.0178.483.9555.3536.5486.39106.37111.96138.58121.78110.03152.45165.89
Total Liabilities7959271,0741,2831,5461,7831,9742,1722,3772,6333,0203,4513,871
Fixed Assets4344785216397649269911,0641,1291,3051,5321,7631,953
Gross Block620.64705.48796.221603.111152.321373.71517.581671.451211.241481.741818.732174
Accumulated Depreciation187.06227.61275.38964.04388.62448.01526.09607.4482.49176.99286.78410.59
CWIP133180249289322315345380429412357370392
Investments718796113236302342371393467688654976
Other Assets158183209241225240295357426450444664550
Inventories12.8413.113.9613.614.2713.7715.8717.3618.0323.762419.1218.32
Trade receivables72.9381.9993.96105.8282.4590.19109.2696.2392.3394.5488.4799.5395.91
Cash Equivalents35.3139.339.434.1751.0366.0288.81144.92175.03136.1191.88298.84283.05
Loans n Advances36.4548.2361.3841.7149.243.3356.0967.1967.0682.4693.27114.1619.07
Other Assets etc00045.9428.2827.0825.2731.4173.81113.38146.17132.05133.34
Total Assets7959271,0741,2831,5461,7831,9742,1722,3772,6333,0203,4513,871

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity159189210294428439398427419532652684
Profit from operations250.65252.2287.26380.42507.76492.13496.07499.68524.7658.32798.31913.36
Working Capital Changes-16.5410.943.3119.835.2293.2230.146644.460.1482.1841.81
Taxes paid-74.86-73.75-80.81-105.76-115.02-146.46-128.57-138.97-150.07-186.19-228.36-270.81
Cash from Investing Activity-98-129-151-242-326-285-200-261-222-263-419-438
Fixed Assets Purchased-85.38-128.88-148.35-232.19-213.53-226.58-176.84-197.56-215.43-254.52-269.03-362.45
Fixed Assets Sold0.0500.020.050.041.660.040.130.110.050.170.27
Investments purchased-727.26-840.68-785.49-1003.150-1703.36-2083.75-2439.86-2349.47-2561.6-3242.05-4049.62
Investments sold706.44830.11776.53985.6701636.752043.762412.052336.772501.23037.824096.97
Cash from Financing Activity-53-56-59-58-91-157-185-176-191-284-226-235
Repayment of Borrowings-8.83-7.88-5-0.21-0.32-0.64-1.85-1.830000
Interest Paid-2.07-1.53-1.5-0.94-0.3-0.59-0.39-0.77-0.43-0.31-0.75-0.34
Dividends Paid-41.81-47.03-52.26-57.3-90.34-155.75-182.92-182.92-188.18-281.62-223.59-233.02
Net Cash Flow940-511-313-105-15812

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Ratios

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %40%34%33%39%45%39%35%33%30%34%37%37%
Debtor Days454744462322211716171413
Inventory Turnover46.9249.3057.1260.9893.94108.02127.20126.09117.4597.3493.51129.46

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.