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

The projected decline in Mahanagar Gas Limited's revenues compared to last year is expected to make investors cautious. A drop in revenue often has a direct negative effect on the company's bottom line, signaling potential challenges that could undermine investor confidence and reduce overall profitability.

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

Mahanagar Gas Limited's Forward PE is in a favorable range, meaning its stock price compares well with its earnings and isn't overpriced. This leaves room for growth, making it a compelling opportunity for investors looking to benefit from potential future gains.
MGL's positive earnings and revenue growth indicate that the company is on track to expand its business. This growth suggests a strong financial outlook, with increasing profits and sales positioning MGL for continued success in the market.
MGL's forward EPS being lower than its trailing EPS suggests that the company's earnings may decline in the current year. This could indicate financial challenges ahead for the company.

Price projections:

Price projections for MGL
Price projections for MGL

MGL's price projections have been revised downward gradually, suggesting that expectations for the company's future performance are becoming more conservative. Analysts may be tempering their optimism based on current trends.

Recommendation changes over time:

Recommendations trend for MGL
Recommendations trend for MGL


MGL has been receiving a buy bias from analysts, signaling strong confidence in the stock's future performance. This positive outlook might drive investors to view MGL as an attractive option for their portfolios, positioning the company as a stable and profitable investment choice.