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Mahanagar Gas Ltd Performance

Today's Low
1,425.55
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Today's High
1,461.50
52 Wk Low
970.55
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52 Wk High
1,580.00


Open

1457

Traded Value (Cr)

26.74 Cr

Prev. Close

1456.25

VWAP

1439.64

Volume

2,11,311

Face Value

10

Mahanagar Gas Ltd Fundamentals

Market Cap
₹ 14,389 Cr
P/E Ratio (TTM)
11.13
P/B Ratio
145.68
Debt to Equity
0.00
ROE
0.00 %
EPS (TTM)
130.89
Dividend Yield
1.10%
Book Value
10.00

Click here to know more about Fundamentals

Mahanagar Gas Ltd F&O

Mahanagar Gas Ltd Option Chain

Mahanagar Gas Ltd Financials

Mahanagar Gas Ltd Financials

Mahanagar Gas Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 32.50 % 32.50 % 32.50 % 32.50 %
FII 30.85 % 30.51 % 32.38 % 30.95 %
Others 24.69 % 26.03 % 24.35 % 24.79 %
Retail 7.98 % 9.27 % 8.62 % 9.94 %
Mutual Funds 3.98 % 1.70 % 2.15 % 1.81 %

Promoters

32.50%

FII

30.85%

Others

24.69%

Retail

7.98%

Mutual Funds

3.98%

Promoters

32.50%

FII

30.51%

Others

26.03%

Retail

9.27%

Mutual Funds

1.70%

Promoters

32.50%

FII

32.38%

Others

24.35%

Retail

8.62%

Mutual Funds

2.15%

Promoters

32.50%

FII

30.95%

Others

24.79%

Retail

9.94%

Mutual Funds

1.81%

Resistance and Support

₹1,463.07

PIVOT

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Resistance
First Resistance₹1,474.133
Second Resistance₹1,492.017
Third Resistance₹1,503.083
support-arrow
Support
First Resistance₹1,445.183
Second Resistance₹1,434.117
Third Resistance₹1,416.233
RSI75.166
MACD77.844
ADX19.501
CCI83.493

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day211,31163,41933.88
Week603,92199,20332.91
1 Month595,321176,18135.41
6 Months211,31157,87127.39

About Mahanagar Gas Ltd

Mahanagar Gas Limited (MGL) is one of the largest city gas distribution (CGD) companies in India. MGL is the sole authorised distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane urban and adjoining municipalities and the Raigad district in the state of Maharashtra, India. The company distributes CNG for use in motor vehicles and PNG for domestic household as well as for commercial and industrial use. MGL distributes natural gas through an extensive CGD network of pipelines. Mahanagar Gas Limited (MGL) was incorporated in 1995, a joint venture between the Gas Authority of India Limited (GAIL), the BG Group UK (formerly British Gas), and the Government of Maharashtra. During the year 2002-2003, the company expanded the Compressed Natural Gas (CNG) distribution network across the city of Mumbai and in the same year, the company set up additional 45 CNG outlets. During the same year, the company increased the compression capacity and dispensing to the level of 392,000 Kgs/per day and 192 Nos from 152,000 Kgs/per day 78 Nos respectively. During the same year, the company completed the construction work of MGL house at Bandra- Kurla Complex and modernization of operational office at City Gate Station at Sion. During the year 2004-2005, the company the set up a dedicated in- house call center to provide a 'single window' to consumers for redressal of their complaints and to resolve their queries. During the year 2005-2006, the company laid 2062 Kms of PE and Steel pipelines. It set up 122 CNG stations to meet the requirements of vehicular fuels, in which 8 CNG stations were set up in Thane and Mira Road. During the year 2006-2007, the company added 39,000 consumers, which includes around 100 commercial and industrial consumers. During the same year, the company commenced Thane-Vashi-Belapur (TVB) pipeline laying activities. In March 2007, the company commissioned PNG supply in South Mumbai. During the year 2007-2008, the company commenced CNG operations in the Navi Mumbai municipal area by opening a daughter-booster CNG station. During the same year, the company increased MGL's share of gas allocation from 1.37 MMSCMD to 1.62 MMSCMD and in the same year, the company supplemental agreement signed with B.E.S.T. for supplying CNG to their MIDI buses at CNG outlets other than B.E.S.T. depots. During the year 2008-2009, the company executed the Memorandum of Understanding between MGL and MSRTC for a period of 20 years for setting up CNG facility at MSRTC Kurla depot. During the same year, the company signed with NMMT Sale and Supply Agreement, valid for period of 20 years. During the year, the company completed laying 2,000 km of Polyethylene pipeline in Greater Mumbai Geographic Area 1 (GA 1). In 2010-11, Mahanagar Gas completed laying 200 km of steel pipeline in GA 1 in Greater Mumbai and achieved a customer base of 0.5 million domestic customers. In 2011-12, the company commissioned 150th CNG dispensing station. In 2012-13, the company completed laying more than 350 km of Polyethylene pipeline and 350 km of steel pipelines. In 2013-14, the company achieved a customer base of 1 million customers. Mahanagar Gas Limited (MGL) was listed on the bourses on 1 July 2016. The stock debuted at Rs 540 on BSE, a 28.26% premium to issue price of Rs 421.On 1 January 2017, Mahanagar Gas Limited (MGL) in association with M/s Eco Fuel (Indian Partners of Lovato, Italy) launched CNG fueled two-wheelers in Mumbai. On 24 April 2017, Mahanagar Gas Limited announced that it has crossed the 200th CNG station mark in Mumbai Metropolitan Region. On 18 May 2017, Mahanagar Gas Limited started commercial operations of CNG filling station in Raigad district in Maharashtra. On 5 June 2017, Mahanagar Gas Limited opened Piped Natural Gas (PNG) supply in Uran, Maharashtra. During 2017-18, the Company added 20 new CNG stations and upgraded 14 existing stations, which led to an increase in compression capacity by around 3.45 lakhs kg per day. It expanded its network in Raigad by operating about 5 CNG stations. It commissioned the high capacity composite cylinder Type-3 cascade for CNG transport vehicles. As of March 31, 2017, it had a supply network of over 4,838 kms of pipelines, including approximately 4,417 kms of polyethylene (medium and low pressure) pipelines and 421 kms of steel pipelines. As at March 31, 2017, it supplied CNG to over 5,45,505 vehicles through network of 203 CNG filling stations. It also provided PNG connections to over 9,48,892 domestic households, over 3,218 commercial and 62 industrial consumers in Mumbai and its adjoining areas. The stake of BG Asia Pacific Holdings Pte Limited (one of the promoter of the Company) reduced to 24% through sale of shares by them in April, 2018. During the year 2018-19, BG Asia Pacific Holdings Pte. Limited, one of the Promoter of Company sold its partial stake in the Company in two tranches viz. 8.50% on April 11, 2018 and 14% on August 23, 2018 and thereby reduced its stake from 32.50% to 10% as at the end of Financial Year 2018-19. The Company commenced construction of gas pipeline of about 13,500 km length across the country in 2018-19. As of March 31, 2019, it had a supply network of over 436.65 kms of steel pipelines, over 4,873.223 kms of polyethylene pipeline and over 236 CNG filling stations having more than 1,382 dispensing points. The Company expanded its network in Raigad by operating 10 CNG stations. It added 18 new CNG stations and upgraded 33 existing stations, which led to an increase in compression capacity by around 3.176 lakhs kg per day. As of March 31, 2020, the Company had a supply network of over 476 kms of steel pipelines, over 5154 kms of polyethylene pipeline and 256 CNG filling stations with more than 1511 dispensing points. It expanded its network in Raigad with 14 CNG stations. In 2020-21, the Company expanded its network in Raigad by opening 18 CNG stations. In 2021-22, it introduced 24 new CNG stations and upgraded 26 CNG stations. It installed 305 kms of steel and PE pipelines. It commissioned an Electric Vehicle (EV) charging facility at the CNG station at CGS, Sion on 9th February 2022. It commenced gas supply of 6000 MMBTUD from 16th December 2021. It commissioned the first Online CNG station in GA-III - for M/s. Sarveshwari Petroleum, Somatane (HPCL); commissioned First Composite Dispensing Unit in India- M/s. Trimurti Pump & Service Station, Ajivali (HPCL). It expanded the network in Raigad with 23 CNG stations. In 2022-23, the Company commissioned First City Gate Station (CGS) at Savroli in Raigad, Maharashtra. Gas pipeline 314 Km was added in FY 2023.

Managing Director

Sanjay Shende

Founded

1995

NSE Symbol

MGL

Mahanagar Gas Ltd Management

NameDesignation
Syed Shahzad HussainIndependent Non Exe. Director
Sanjay ShendeDeputy Managing Director
Malvika SinhaIndependent Non Exe. Director
Rajeev Bhaskar SahiIndependent Non Exe. Director
Venkatraman SrinivasanIndependent Non Exe. Director
HARSHADEEP SHRIRAM KAMBLENon Independent Non Executive
Ashu ShinghalManaging Director
Sandeep Kumar GuptaChairman(Non Exe)&Dir(Non-Ind)

Mahanagar Gas Ltd News

Mahanagar Gas tumbles on brokerage downgrade
Mahanagar Gas tanked 14.80% to Rs 1333.25 after a foreign broker downgraded the stock to
Mahanagar Gas to acquire 30.97% stake in 3EV Industries
Mahanagar Gas acquires 31% stake in 3EV Industries
Mahanagar Gas said that it has entered into shareholders’ agreement with 3EV Industries Founders, Promoters and other Shareholders to acquire 30.97% shareholding in 3EV Industries.
Mahanagar Gas rises after acquiring 100% stake in Unison Enviro for Rs 562 crore
Mahanagar Gas gained 2.37% to Rs 1496.30 after the company announced the acquisition of 100% equity stake in Unison Enviro (UEPL) for a cash consideration of Rs 562.09 crore.
Mahanagar Gas edges higher after strong Q3 performance; total volumes at 338 SCM million
Mahanagar Gas added 1.62% to Rs 1333.45 after the company reported 84% jump in net profit to Rs 317.18 crore in Q3 FY24 from Rs 172.07 crore in Q3 FY23.
Board of Mahanagar Gas recommends Interim Dividend
Of Rs.12 per share
Mahanagar Gas standalone net profit rises 84.33% in the December 2023 quarter
Sales decline 6.14% to Rs 1568.76 crore
Mahanagar Gas schedules board meeting
On 23 January 2024
Mahanagar Gas announces incorporation of JV Mahanagar LNG
Mahanagar Gas Ltd Surges 4.17%
Mahanagar Gas Ltd has added 0.12% over last one month compared to 2.23% fall in S&P BSE Energy index and 3.23% drop in the SENSEX

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Mahanagar Gas Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Mahanagar Gas Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Mahanagar Gas Ltd's share price is ₹1,428.70 as of April 12, 2024

Mahanagar Gas Ltd's P/E ratio is 11.13 times as of April 12, 2024.

Mahanagar Gas Ltd's most recent financial reports indicate a price-to-book ratio of 145.68, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Mahanagar Gas Ltd's market is 14,390 Cr as on April 12, 2024.

The current financial records of Mahanagar Gas Ltd show a 0.00% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Mahanagar Gas Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Mahanagar Gas Ltd's 52-week high and low as of April 12, 2024 are ₹1461.5 and ₹1425.55 respectively.

As of the Dec 2023 quarter, the promoter shareholding in Mahanagar Gas Ltd stands at 32.50%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 30.51% to 30.85%.