Mahanagar Gas Limited (BOM: 539957)
India
· Delayed Price · Currency is INR | Market Cap | 120.04B |
| Revenue (ttm) | 66.33B |
| Net Income (ttm) | 11.42B |
| Shares Out | n/a |
| EPS (ttm) | 115.58 |
| PE Ratio | 10.51 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | Aug 14, 2024 |
| Volume | 21,986 |
| Open | n/a |
| Previous Close | n/a |
| Day's Range | n/a |
| 52-Week Range | 1,075.00 - 1,988.55 |
| Beta | n/a |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Jan 30, 2025 |
About Mahanagar Gas
Mahanagar Gas Limited operates as a natural gas distribution company in India. The company supplies piped natural gas (PNG) to domestic households for cooking and water heating, as well as for nursing homes, flight kitchens, and places of worship; commercial establishments, including hospitals, hotels, restaurants, and charitable trusts; and industries, such as metals, pharmaceuticals, printing and dyeing, food and beverages, oil mills, FMCG product manufacturers, power generation, and air-conditioning. It also provides compressed natural gas (... [Read more]
Financial Performance
In 2023, Mahanagar Gas's revenue was 62.90 billion, a decrease of -0.15% compared to the previous year's 62.99 billion. Earnings were 12.76 billion, an increase of 61.56%.
Financial StatementsNews
Mahanagar Gas Limited (MGL) releases exclusive helpline for reporting unsafe digging near pipeline
Mahanagar Gas Limited (MGL) has relaunched its 'MGL Sahayogi' initiative with a new helpline number, 1800 2100 2100, to encourage public reporting of unsafe digging. The campaign, featuring actor Shiv...
MGL shares surge nearly 2% after company hikes CNG prices by Rs 2/kg
Mahanagar Gas Limited (MGL) shares jumped nearly 2% following a ₹2 per kilogram increase in the price of Compressed Natural Gas (CNG) in Mumbai and surrounding areas. Effective immediately, the price ...
MGL Hikes CNG Price in Mumbai By Rs 2 to Rs 77/KG
Mahanagar Gas Limited (MGL) has announced a ₹2 per kilogram increase in the price of Compressed Natural Gas (CNG) in Mumbai and its surrounding areas, effective immediately.
Why are MGL shares down 18%? Know more
Shares of Mahanagar Gas Limited (MGL) plummeted 17.50% to ₹1,083.00 on November 18, following the government’s decision to cut the Administered Price Mechanism (APM) gas allocation for city gas distri...
MGL shares drop nearly 10% as government cuts 18% gas allocation
Shares of city gas distribution companies, including Mahanagar Gas Limited (MGL), came under selling pressure on November 18 after the government announced a further 20% cut in the Administered Price ...
Jefferies downgrades MGL and IGL to Underperform, cuts target prices
Global brokerage firm Jefferies has downgraded city gas players Mahanagar Gas Limited (MGL) and Indraprastha Gas Limited (IGL), citing a significant reduction in the allocation of administered pricing...
Mahanagar Gas partners with International Battery Company for battery cell manufacturing, announces plans for Bangalore giga factory
Mahanagar Gas Limited (MGL) has signed a Share Subscription Agreement (SSA) and a Shareholding Agreement (SHA) with International Battery Company, Inc. (IBC US) to invest in a joint venture focused on...
Mahanagar Gas shares surge nearly 4% as CNG vehicle registrations show strong growth in October
Mahanagar Gas Ltd (MGL) and Indraprastha Gas Ltd (IGL) witnessed a rise in their shares, driven by robust growth in CNG vehicle registrations across India in October 2024. According to a Citi report, ...
Jefferies maintains Buy on Mahanagar Gas (MGL), cuts target price to Rs 1,740, sees 15.7% upside
Jefferies has reiterated its Buy rating on Mahanagar Gas Ltd (MGL) with a revised target price of ₹1,740, suggesting a potential upside of approximately 15.7% from the current market price of ₹1,503.9...
Stocks to Buy This Diwali: AngelOne sees Mahanagar Gas rising to ₹2,310, with a 26% upside
AngelOne has highlighted Mahanagar Gas Ltd (MGL) as one of its Diwali picks for 2024, assigning a target price of ₹2,310. Currently trading at ₹1,835, MGL offers an upside potential of 26%. As a key p...
Mahanagar Gas shares drop 3% after weak Q2 performance
Mahanagar Gas Limited’s stock fell more than 3% following the release of its Q2 FY25 earnings, which revealed a 16.5% decrease in standalone net profit to ₹282.8 crore. Despite this decline, the compa...
Mahanagar Gas stock in focus as company announces merger with Unison Enviro
Mahanagar Gas Limited (MGL) has announced the merger of its wholly-owned subsidiary, Unison Enviro Private Limited (UEPL), with itself. The decision, approved by MGL’s Board of Directors, is part of t...
Mahanagar Gas announces merger of Unison Enviro with itself
Mahanagar Gas Limited (MGL) has announced the merger of its wholly-owned subsidiary, Unison Enviro Private Limited (UEPL), with itself, following approval from its Board of Directors.
Mahanagar Gas Q2 FY25 results: Revenue rises 14% YoY to ₹1,962.87 crores; net profit down 16%
Mahanagar Gas Limited (MGL) has reported its financial results for the second quarter of fiscal year 2025, showcasing strong revenue growth but a decline in net profit. The company’s revenue from oper...