Overall Fundamental outlook

Business Operations:

Sector: Utilities
Industry: Utilities - Regulated 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 (CNG) to transport sector. Further, the company supplies liquefied natural gas (LNG) to heavy motor vehicles. In addition, it engages in sale of pipes and fittings required for construction of pipeline infrastructure. The company operates 348 CNG filling stations with 2,152 dispensing points; 608 kilometers of steel pipeline; and 6446 kilometers of poly-ethylene pipeline. Mahanagar Gas Limited was incorporated in 1995 and is based in Mumbai, India.

Revenue projections:

Revenue projections for MGL
Revenue projections for MGL

MGL's projected revenue decline from last year is likely to make investors cautious. Lower revenues often hurt a company's bottom line, leading investors to be concerned about the company's ability to maintain profitability and deliver strong financial results in the future.

Financial Ratios:

currentRatio 0.000000
forwardPE 11.235872
debtToEquity 3.410000
earningsGrowth 0.101000
revenueGrowth 0.250000
grossMargins 0.350910
operatingMargins 0.194230
trailingEps 108.270000
forwardEps 56.030000

MGL's Forward PE being in a reasonable range suggests the stock is fairly priced based on its earnings. The stock isn't overpriced, leaving room for growth, making it an attractive investment for those seeking opportunities for future value appreciation.
MGL's positive earnings and revenue growth suggest the company is on a path to business expansion. This upward trend signals strong financial health, indicating that MGL is well-positioned for sustained growth in both profits and revenue.
Mahanagar Gas Limited's forward EPS being lower than its trailing EPS suggests the company is expected to face declining profits. This points to a less favorable financial outlook for the coming year.

Price projections:

Price projections for MGL
Price projections for MGL

Price projections for Mahanagar Gas Limited have been revised lower over time, signaling a more cautious outlook from analysts. The gradual downward trend indicates that expectations for the company's growth may be softening.

Recommendation changes over time:

Recommendations trend for MGL
Recommendations trend for MGL


Mahanagar Gas Limited has received a favorable buy bias from analysts recently, positioning it as a solid investment opportunity. This sentiment may attract more investors, who view Mahanagar Gas Limited as a stable option to park their money and potentially benefit from the company's continued growth and profitability.