Sunday, September 12, 2021

Mahanagar Gas Ltd ( 539957 ) – Rising piped cooking gas prices

Mahanagar Gas Ltd ( 539957 )closes   at 1168.60 with  a  Fall   of   -0.70%   on    on    09-September-2021  with formation of  a  Small Red Candle    on Daily  Price Chart.

About the Company : 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.

Sector Update :  Positive

Financials : Mahanagar Gas Ltd has posted Net Sales / Revenue   of 2152.30 Cr & Net Profit 619.60 Cr in FY2021 and expected to post Net Sales / Revenue   of 2989.20 Cr & Net Profit of 847.20Cr in FY2022 & Net Sales / Revenue   of 3500.90Cr & Net Profit of 924.20Cr in FY2023  and  Net Sales / Revenue   of 3803.20 Cr & Net Profit of 935.90 Cr in FY2024 .

EPS will improved from 62.70 in FY2021 to 94.70 by FY2024. Net Cash Position will increase from ₹511.90Cr to ₹1801.40Cr; Bool Value per Share from ₹327 to ₹479 and Cash Flow per Share from ₹96.40 to ₹152 during the same period.

Valuations  : The Company is now Trading at X1.20 of its  valuations of  FY2021 earnings with ~20% Premium and X0.8 of its FY2022 earnings with ~16% Discount and  X0.77 of its FY2023 earnings with ~23%  Discount and X0.76 of its FY2024 earnings with ~24%  Discount.

Margin of Safety (1Yr Bond Yield: Value>1 ) is now  1.3   which  makes is attractive . The  Equity Value Per Share ( Enterprise Value Method ) is  1117.00

Early Trend: Piped cooking gas prices may rise 10-11% in October 2021

If We factor its FY2023 earnings/valuations, its Price arrives at 1916.

Disclaimer : We are / may going to take exposure shortly.

Join Us at   Telegram #

Data Source NSE Website | Screener.In  | Capital Line Money Control |Refinitiv |

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext   |

Manage your investments the right way With MProfit. Visit

Use Our Referral Link to Get 20% DISCOUNT @


No comments:

Post a Comment

Thanks for Your Valuable comments. It will make Us to Serve You in Better Way. For Any STOCKS Query ,Please Call NiftyNext +91 880 2230 836.


The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
We( WWW.NIFTYNEXT.COM) are not Registered with Any Regulatory Body in India ie SEBI,NSE,BSE,AMFI or Any Otheres.

Blog Archive