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Buy Mahanagar Gas Ltd For Target Rs.1,234 - Centrum Broking Ltd During Q1FY24, Mahanagar Gas (MGL) reported stronger operational performance than Q4FY23 with EBITDA/ PAT surging by 82.5%/ 98.9% YoY and 33.8%/ 37.0% QoQ led by robust EBITDA/ scm expansion. EBITDA/ scm in Q4 rose 30.7% QoQ at Rs16.8/ scm vs Rs12.8/ scm in Q4FY23 and jumped 84.5% YoY from Rs9.1/scm. Substantial reduction in gas sourcing costs by 20.9% QoQ and 15.0% YoY due to revision in APM gas price led to the supernormal performance. However, management guided for normalised EBITDA/ scm a...
Buy Mahanagar Gas Ltd For Target Rs.1,234 - Centrum Broking Ltd
Buy Mahanagar Gas Ltd For Target Rs.1,234 - Centrum Broking Ltd
Source: Centrum Broking Ltd
8/08/2023 2:20:48 PM
Add Mahanagar Gas Ltd For Target Rs.1,300 - JM Financial MGL’s 1QFY24 EBITDA was significantly higher at INR 5.2bn vs. JMFe/consensus of INR 4.4bn/ INR 4.1bn due to sharper-than-expected jump in margin; however, volume was 2.3% below JMFe. EBITDA margin surged more than expected to INR 16.8/scm in 1QFY24 vs. JMFe of INR 13.9/scm (and vs. INR 12.8/scm in 4QFY23); this was due to lower-than-expected decline in net realisation and lower average gas cost. However, sales volume was 2.3% below JMFe at 3.4mmscmd (up 2.3% QoQ but down 1% YoY); this w...
Add Mahanagar Gas Ltd For Target Rs.1,300 - JM Financial
Add Mahanagar Gas Ltd For Target Rs.1,300 - JM Financial
Source: JM Financial Institutional Securities
4/08/2023 3:09:30 PM
Buy Mahanagar Gas Ltd For Target Rs.1,290 - ICICI Securities Steady progress ahead * Reduction in gas costs is a positive, but results may reflect only by Q2FY24: Post the Rs8/kg reduction in CNG prices at the beginning of Q1FY24, volumes have remained in the range of 3.45-3.65mmscmd (flat to 6% YoY growth) in Q1, with the beginning of summer vacations impacting bus volumes. Q2, however, is likely to see stronger momentum, with the reopening of schools, advent of monsoons (increasing time spent on the road) and the flow through of higher conversions...
Buy Mahanagar Gas Ltd For Target Rs.1,290 - ICICI Securities
Buy Mahanagar Gas Ltd For Target Rs.1,290 - ICICI Securities
Source: ICICI Securities
30/06/2023 11:42:43 AM
Buy Mahanagar Gas Ltd For Target Rs.1,300 - ICICI Direct About the stock: Mahanagar Gas (MGL) is a city gas distribution company and operates in Mumbai, its adjoining areas and Raigad district, Maharashtra. * CNG sales contribute more than 70% of its total sales volume * It has historically reported high gross margins and return ratios Q4FY23 Results: MGL’s results were above our estimates on the profitability front. * Revenue was up 49% YoY to | 1772 crore due to price hikes taken by the company, in line with I-direct estimate of...
Buy Mahanagar Gas Ltd For Target Rs.1,300 - ICICI Direct
Buy Mahanagar Gas Ltd For Target Rs.1,300 - ICICI Direct
Source: ICICI Direct
29/05/2023 3:40:49 PM
Neutral Mahanagar Gas Ltd For Target Rs.1020 - Yes Securities Our view MAHGL’s 4QFY23 reported operating profit at Rs 3.9bn (+81% YoY; +52% QoQ), stood in-line with our estimates (YES Sec: Rs 3.8bn) but above street estimates (Rs 3.0bn). The earnings growth in the quarter was led by strong margins, in-turn driven by moderation in in-put gas cost. The LNG prices experienced a sharp decline during the quarter from average of USD 33/mmbtu to USD 18/mmbtu, which helped reduced RM cost during the quarter. While FY23 was challenging due to high gas p...
Neutral Mahanagar Gas Ltd For Target Rs.1020 - Yes Securities
Neutral Mahanagar Gas Ltd For Target Rs.1020 - Yes Securities
Source: Yes Securities
15/05/2023 12:24:48 PM
Buy Mahanagar Gas Ltd For Target Rs.1,250 - Motilal Oswal Financial Services Ltd * Mahanagar Gas (MAHGL) reported higher-than-estimated EBITDA of INR3.9b (est. INR2.6b), mainly led by higher-than-estimated EBITDA/scm of INR12.8 (est. INR8.2). Volumes were in line with our est. at 3.4mmscmd in 4QFY23. * EBITDA/scm improved 57% QoQ due to a lower portion of spot gas in the sourcing mix. The cost of both spot LNG and long-term contracts also declined for MHGL in the quarter. The management expects EBITDA/scm to remain at current levels for the next few months. * Manage...
Buy Mahanagar Gas Ltd For Target Rs.1,250 - Motilal Oswal Financial Services Ltd
Buy Mahanagar Gas Ltd For Target Rs.1,250 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
10/05/2023 11:18:53 AM
Mahanagar Gas zooms on reporting over 2-fold jump in Q4 net profit Mahanagar Gas is currently trading at Rs. 1082.00, up by 82.65 points or 8.27% from its previous closing of Rs. 999.35 on the BSE. The scrip opened at Rs. 1040.00 and has touched a high and low of Rs. 1088.05 and Rs. 1030.00 respectively. So far 125147 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,088.05 on 09-May-2023 and a 52 week low of Rs. 666.35 on 20-Jun-2022. Last one week high and low of the scrip s...
Mahanagar Gas zooms on reporting over 2-fold jump in Q4 net profit
Mahanagar Gas zooms on reporting over 2-fold jump in Q4 net profit
Source: Accord Fintech
9/05/2023 11:41:12 AM
Buy Mahanagar Gas Ltd For Target Rs.1020 - Religare Broking Mahanagar Gas Ltd * MGL has recently witnessed breakout from a consolidation range and currently trading in a narrow range. * It has retraced marginally but still holding firmly above the short term moving average (20 EMA), indicating positive tone. * Resilience in the other gas distribution companies is added positive. * We thus suggest initiating fresh longs as per the given levels.   Buy Mahanagar Gas Ltd @ BUY CMP 970; Range 965-970; SL945;&...
Buy Mahanagar Gas Ltd For Target Rs.1020 - Religare Broking
Buy Mahanagar Gas Ltd For Target Rs.1020 - Religare Broking
Source: Religare Broking Ltd
21/03/2023 10:20:26 AM
Buy Mahanagar Gas Ltd For Target Rs.1,125 - ICICI Securities Acquires CGD player – Unison Enviro Pvt Ltd Mahanagar Gas (MGL) has announced its first inorganic acquisition in the CGD space, Unison Enviro Pvt Ltd (UEPL), from the latter’s erstwhile promoters Ashoka Buildcon and North Haven India Infra (a Morgan Stanley affiliate). MGL has acquired 100% stake in the fledgling CGD player and has stated UEPL equity value at Rs5.3bn, which implies an enterprise value of ~Rs6.4bn (gross debt on the books of UEPL as of FY22, stood at Rs1.13bn). ...
Buy Mahanagar Gas Ltd For Target Rs.1,125 - ICICI Securities
Buy Mahanagar Gas Ltd For Target Rs.1,125 - ICICI Securities
Source: ICICI Securities Ltd
7/03/2023 12:28:32 PM
Buy Mahanagar Gas Ltd For Target Rs..1090 -Anand Rathi Share and Stock Brokers Muted volume growth; on attractive valuations, maintaining a Buy Mahanagar Gas was hit by lower CNG volume growth in Q3 due to higher gas prices. The gross margin improved despite increase in APM gas prices, which the company passed on. The company was expecting the Kirit Parikh Committee to reduce APM gas prices; this did not come through. It hiked prices in Oct’22 (from Rs80/kg to Rs86) and in Nov’22 (to Rs89.5), which, with falling crude and spot LNG prices, would improve sp...
Buy Mahanagar Gas Ltd For Target Rs..1090 -Anand Rathi Share and Stock Brokers
Buy Mahanagar Gas Ltd For Target Rs..1090 -Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
27/02/2023 1:51:27 PM
Tech Stars : Buy Mahanagar Gas Limited And V-Guard Industries Limited By Religare Broking Mahanagar Gas Limited Buy Mahanagar Gas Limited @ 900-910 CMP 910.00 Stop Loss 850 Target 1020   TECHNICAL RATIONALE – We’re seeing noticeable traction in the stocks related to gas distribution and MGL is also participating in the move. It has formed a fresh buying pivot after reclaiming the major moving averages on the daily chart. We thus advise creating fresh longs in the mentioned range.   V-Guard Industries Limited ...
Tech Stars : Buy Mahanagar Gas Limited And V-Guard Industries Limited By Religare Broking
Tech Stars : Buy Mahanagar Gas Limited And V-Guard Industries Limited By Religare Broking
Source: Religare Broking Ltd
20/12/2022 1:59:57 PM
Buy Mahanagar Gas Ltd For Target Rs.1,025 - Motilal Oswal Financial Services Higher gas cost weighs in on lower profitability * Mahanagar Gas (MAHGL) reported a miss on our estimates. Although, total volumes were in line at 3.5mmscmd (+11% YoY), EBITDA/scm was lower at INR7.9 (v/s our estimate of INR9.3 and INR9.1 in 1QFY23). Thus, EBITDA stood at INR2.5b (our estimate of INR3b, -16% YoY, -11% QoQ) in 2QFY23. * The management highlighted that the decline in EBITDA (v/s 1QFY23) was mainly due to the increase in weighted average cost of gas and lower price realiza...
Buy Mahanagar Gas Ltd For Target Rs.1,025 - Motilal Oswal Financial Services
Buy Mahanagar Gas Ltd For Target Rs.1,025 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
14/12/2022 11:45:02 AM
Buy Mahanagar Gas Ltd For Target Rs.1,066 - Centrum Broking Margin hit on higher cost of gas & PNG (I&C)  MAHGL posted EBITDA of Rs2.5bn (?16% YoY & ?11% QoQ), 22% below our estimates on account of higher cost of gas (+200% YoY & +14% QoQ). Higher spot LNG blending  @ 10% in priority segment & decline i...
Buy Mahanagar Gas Ltd For Target Rs.1,066 - Centrum Broking
Buy Mahanagar Gas Ltd For Target Rs.1,066 - Centrum Broking
Source: Centrum Broking Ltd
9/12/2022 12:55:34 PM
Add Mahanagar Gas Ltd For Target Rs.975 - Yes Securities Higher Spot LNG prices dent margins Our view The 2QFY23 operating profit at Rs 2.53bn (-16% YoY; -11.5% QoQ), missed our and street estimates on higher than estimated gas costs and higher than expected dependence on expensive spot LNG. The gas sales at 318.2mmscm stood 11% YoY & 1.4% QoQ higher. After introduction in May’22, the UBP was dismantled effecting 16th Aug’22, with dependence shifting on spot LNG, on part of CGDs, to bridge the supply gap. In addition, limited ...
Add Mahanagar Gas Ltd For Target Rs.975 - Yes Securities
Add Mahanagar Gas Ltd For Target Rs.975 - Yes Securities
Source: Yes Securities Ltd
8/12/2022 2:19:59 PM
Buy Mahanagar Gas Ltd For Target Rs.980 - ICICI Direct Strong volumes, resilient margins Mahanagar Gas (MGL) reported its Q1FY23 EBITDA at Rs2.86bn (down 6% YoY, up 32.5% QoQ) vs our estimate of Rs3bn. Adjusted PAT dipped 9% YoY (up 40.5% QoQ) to Rs1.85bn (I-Sec: Rs2bn). The marginal miss was driven by: i) weaker than estimated margins even as volumes surprised positively for the quarter. Management has attributed the dip to continued pressure of higher spot LNG costs and higher opex. We however note that both gross margin/scm and EBITDA/scm o...
Buy Mahanagar Gas Ltd For Target Rs.980 - ICICI Direct
Buy Mahanagar Gas Ltd For Target Rs.980 - ICICI Direct
Source: ICICI Direct Ltd
15/09/2022 12:55:34 PM
Add Mahanagar Gas Ltd For Target Rs.s 945 - Yes Securities Stronger sales, better margins drive beat Our view The 1QFY23 operating profit at Rs 2.85bn (-6% YoY; +32.5% QoQ), stood better than our and street estimates on higher than estimated gas sales and better than estimated per unit Ebitda margins. The beat on per unit margins stemmed from better than estimated realizations. MAHGL undertook three price revisions in both CNG and PNG during the quarter, to pass on the higher gas costs, thereby leading to an Ebitda per unit of Rs 9.1/scm, which...
Add Mahanagar Gas Ltd For Target Rs.s 945 - Yes Securities
Add Mahanagar Gas Ltd For Target Rs.s 945 - Yes Securities
Source: Yes Securities Ltd
22/08/2022 12:55:47 PM
LKP Spade : A Weekly Pick - Buy Mahanagar Gas Ltd For Target Rs.916 By LKP Securities Mahanagar Gas Ltd * On the daily chart, the stock has given a falling trend line breakout which suggests a rise in optimism. * Besides, the stock has sustained above its important short term moving average. The daily RSI is in bullish crossover. * Over the short term the stock is likely to remain strong. On the lower end support is visible at 790. Buy Mahanagar Gas Ltd @ Rs. 820-830  Stop Loss Below Rs. 784 CB Target Rs. Rs. 872/916 Duration ...
LKP Spade : A Weekly Pick - Buy Mahanagar Gas Ltd For Target Rs.916 By LKP Securities
LKP Spade : A Weekly Pick - Buy Mahanagar Gas Ltd For Target Rs.916 By LKP Securities
Source: LKP Securities Ltd
8/08/2022 12:09:01 PM
Mahanagar Gas zooms on inking letter of intent with Fuel Delivery Mahanagar Gas is currently trading at Rs. 767.25, up by 17.45 points or 2.33% from its previous closing of Rs. 749.80 on the BSE. The scrip opened at Rs. 757.80 and has touched a high and low of Rs. 784.25 and Rs. 757.80 respectively. So far 21727 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1284.45 on 17-Jun-2021 and a 52 week low of Rs. 680.20 on 24-Feb-2022. Last one week high and low of the scrip stood a...
Mahanagar Gas zooms on inking letter of intent with Fuel Delivery
Mahanagar Gas zooms on inking letter of intent with Fuel Delivery
Source: Accord Fintech
15/06/2022 11:53:46 AM
BUY Mahanagar Gas Ltd For Target Rs. 1222 - Sushil Finance Mahanagar Gas Ltd. reported results for the quarter ended March 2022 Highlights from the Quarter (Q4FY22): Mahanagar Gas reported net revenue of Rs. 1,187.6 cr for Q4FY22, up 51% on a YoY basis and up 6% on a QoQ basis, due to the corresponding quarter last year being impacted by the pandemic. The increased revenues are also due to price hikes taken during the quarter as a result of rising gas prices. The company reported EBITDA of Rs. 215.5 cr, translating to an EBITDA margin of 18.14%...
BUY Mahanagar Gas Ltd For Target Rs. 1222 - Sushil Finance
BUY Mahanagar Gas Ltd For Target Rs. 1222 - Sushil Finance
Source: Sushil Finance Ltd
8/06/2022 1:03:56 PM
BUY Mahanagar Gas Ltd For Target Rs.s 945 - Yes Securities High LNG prices weigh on earnings Our view The 4QFY22 operating profit at Rs 2.15bn (-32% YoY; +109% QoQ) missed our estimates on higher than estimated gas costs. The gas sales during the quarter, stood sequentially weaker as Omicron wave impacted mobility in the month of Jan’22. The APM gas availability as well, continued to be a challenge, with the shortfall of ~17%, during the quarter. Therefore, dependence on LNG to fulfill CNG-T and {NG-D demand impacted margins, which was pa...
BUY Mahanagar Gas Ltd For Target Rs.s 945 - Yes Securities
BUY Mahanagar Gas Ltd For Target Rs.s 945 - Yes Securities
Source: Yes Securities Ltd
12/05/2022 12:14:41 PM
Hold Mahanagar Gas Ltd For Target Rs.850 - ICICI Direct Favourable government initiative to benefit… About the stock: Mahanagar Gas (MGL) is a city gas distribution company and operates in Mumbai, its adjoining areas and Raigad district, Maharashtra. * CNG sales contribute more than 70% of its total sales volume * It has historically reported high gross margins and return ratios   Event: The Maharashtra government has proposed to reduce VAT on natural gas. * MGL is expected to benefit from the proposal (reduction of V...
Hold Mahanagar Gas Ltd For Target Rs.850 - ICICI Direct
Hold Mahanagar Gas Ltd For Target Rs.850 - ICICI Direct
Source: ICICI Direct
19/03/2022 11:41:03 AM
Stock Picks - Infosys Ltd and Mahangar Gas Ltd By ICICI Direct Infosys Ltd Buy Infosys Ltd @ 1728.00-1732.00 CMP 1728.80 TGT 1742.00/1755.00 SL 1716.70   Mahangar Gas Ltd Sell Mahangar Gas Ltd @ 748.00-751.00 CMP 744.70 TGT 742.60/735.50 SL 756.80   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information &...
Stock Picks - Infosys Ltd and Mahangar Gas Ltd By ICICI Direct
Stock Picks - Infosys Ltd and Mahangar Gas Ltd By ICICI Direct
Source: ICICI Direct
23/02/2022 11:38:07 AM
Buy Mahanagar Gas Ltd Target Rs.1,378 - Sushil Finance Highlights from the Quarter (Q3FY22): Mahanagar Gas reported net revenue of Rs. 1,122.9 cr for Q3FY22, up 54% on a YoY basis and up 24% on a QoQ basis, due to the corresponding quarter last year being impacted by the pandemic. The increased revenues are also due to price hikes taken during the quarter as a result of rising gas prices. The company reported EBITDA of Rs. 124.9 cr, translating to an EBITDA margin of 11.13%, down 3522 Bps on a QoQ basis and 2461 Bps on a YoY basis. The margin ...
Buy Mahanagar Gas Ltd Target Rs.1,378 - Sushil Finance
Buy Mahanagar Gas Ltd Target Rs.1,378 - Sushil Finance
Source: Sushil Finance Ltd
12/02/2022 8:20:12 AM
Mahanagar Gas trades higher on the BSE Mahanagar Gas is currently trading at Rs. 802.60, up by 9.10 points or 1.15% from its previous closing of Rs. 793.50 on the BSE. The scrip opened at Rs. 790.00 and has touched a high and low of Rs. 808.15 and Rs. 783.25 respectively. So far 35871 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1284.45 on 17-Jun-2021 and a 52 week low of Rs. 781.20 on 09-Feb-2022. Last one week high and low of the scrip stood at...
Mahanagar Gas trades higher on the BSE
Mahanagar Gas trades higher on the BSE
Source: Accord Fintech
11/02/2022 2:36:52 PM
Mahanagar Gas Q3 net profit down 73.85% at Rs 56.79 cr The company reported standalone net profit of Rs 56.79 crore for the quarter ended December 31, 2021 as compared to Rs 217.21 crore in the same period last year, registering a year-on-year decline of 73.85 per cent. Net revenue of the company rose substantially by 68.50 per cent at Rs 1,122.89 crore in October-December quarter of this fiscal as against Rs 666.40 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 191.64 per cent to Rs ...
Mahanagar Gas Q3 net profit down 73.85% at Rs 56.79 cr
Mahanagar Gas Q3 net profit down 73.85% at Rs 56.79 cr
Source: Dion Global Solution Ltd
9/02/2022 10:34:26 AM
Buy Mahanagar Gas Ltd For Target Rs.900 - Religare Broking Derivative Ideas MGL gained 0.14% and closed flat at 878.9 on 6th Jan. The Scrip is looking to have completed its downward journey where it took trendline support at 840 levels. The Scrip has started moving higher and is now expected to test its Resistance at 920 level. We recommend to go Long in MGL. Strategy:- BUY MGL @ 870-874, SLOSS AT 857, TRGT 900.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://w...
Buy Mahanagar Gas Ltd For Target Rs.900 - Religare Broking
Buy Mahanagar Gas Ltd For Target Rs.900 - Religare Broking
Source: Religare Broking Ltd
7/01/2022 11:29:47 AM
Mahanagar Gas trades in green as LIC buys 2% stake Mahanagar Gas is currently trading at Rs. 884.90, up by 6.20 points or 0.71% from its previous closing of Rs. 878.70 on the BSE. The scrip opened at Rs. 881.00 and has touched a high and low of Rs. 887.60 and Rs. 871.70 respectively. So far 25996 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1284.45 on 17-Jun-2021 and a 52 week low of Rs. 834.05 on 20-Dec-2021. Last one week high and low of the scrip stood at...
Mahanagar Gas trades in green as LIC buys 2% stake
Mahanagar Gas trades in green as LIC buys 2% stake
Source: Accord Fintech
6/01/2022 12:40:49 PM
Maha's MGL hikes gas prices for 2nd time in 3 weeks For the second time in 3 weeks, the Mahanagar Gas Ltd (MGL) has hiked the prices of CNG and PNG with effect from midnight, an official said on Friday. The basic price of CNG is increased by Rs 2/kg and domestic PNG by Rs 1.50/SCM for the Mumbai Metropolitan Region (MMR). Accordingly, the revised all-inclusive prices of CNG that fuels vehicles will go up from Rs 61.50/kg to Rs 63.50/kg, and home use PNG shall shoot up from Rs 36.50/SCM to Rs 38/SCM, said an MGL spokesperson.  
Maha's MGL hikes gas prices for 2nd time in 3 weeks
Maha's MGL hikes gas prices for 2nd time in 3 weeks
Source: IANS
17/12/2021 7:09:40 PM
Stock Picks - Tata Consultancy Services Ltd and Mahanagar Gas Ltd By ICICI Direct Tata Consultancy Services Buy Tata Consultancy Services Ltd @ 3505.00-3510.00 CMP 508.00 TGT 3577.40 SL 3471.70   Mahanagar Gas Sell Mahanagar Gas Ltd @ 921.00-923.00 CMP 919.50 TGT 904.60 SL 931.30​​​​​​​   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all par...
Stock Picks - Tata Consultancy Services Ltd and Mahanagar Gas Ltd By ICICI Direct
Stock Picks - Tata Consultancy Services Ltd and Mahanagar Gas Ltd By ICICI Direct
Source: ICICI Direct
30/11/2021 11:28:38 AM
Hold Mahanagar Gas Ltd For Target Rs.1,120 - ICICI Direct Higher gas price impacts margins… About the stock: Mahanagar Gas (MGL) is a city gas distribution company and operates in Mumbai, its adjoining areas and Raigad district, Maharashtra. * CNG sales contribute more than 70% of its total sales volume * It has historically reported high gross margins and return ratios   Q2FY22 Results: MGL reported results that were lower than estimates on profitability front. * Revenue was up 65.3% YoY to | 907.6 crore, driven by sal...
Hold Mahanagar Gas Ltd For Target Rs.1,120 - ICICI Direct
Hold Mahanagar Gas Ltd For Target Rs.1,120 - ICICI Direct
Source: ICICI Direct
29/11/2021 9:53:45 AM
Buy Mahanagar Gas Ltd For Target Rs.1,378 - Sushil Finance Mahanagar Gas Ltd. reported results for the quarter ended Sept’21. Following are the highlights of the performance. Highlights from the Quarter (Q2FY22): Mahanagar Gas reported net revenue of Rs. 907.6 cr for Q2FY22, up 36% on a QoQ basis and up 65% on a YoY basis, due to the corresponding quarter last year being impacted by the pandemic. The company reported EBITDA of Rs. 324.4 cr, translating to an EBITDA margin of 35.74%, down 1264 Bps on a QoQ basis and 789 Bps on a YoY basis...
Buy Mahanagar Gas Ltd For Target Rs.1,378 - Sushil Finance
Buy Mahanagar Gas Ltd For Target Rs.1,378 - Sushil Finance
Source: Sushil Finance
29/10/2021 4:14:15 PM
Buy Mahanagar Gas Ltd For Target Rs.1,365 - Yes Securities Restricted APM supply drives a miss   Our view The 2QFY22 earnings missed estimates as limited APM supply during the quarter, pushed MAHGL to shift its dependence on expensive RLNG, to fulfill the demand in priority CNG and PNG ‐domestic segments, to the extent of ~5%. In addition, higher LNG price environment also impacted profitability in commercial and industrial segments. The gas sales nevertheless had a smart recovery of 30% QoQ, after a weak 1Q, when Covid‐2nd wa...
Buy Mahanagar Gas Ltd For Target Rs.1,365 - Yes Securities
Buy Mahanagar Gas Ltd For Target Rs.1,365 - Yes Securities
Source: Yes Securities Ltd
29/10/2021 10:11:37 AM
Stock Picks - State Bank of India Ltd and Mahanagar Gas Ltd By ICICI Direct State Bank of India Buy State Bank of India Ltd @ 504.50-505.50 CMP 504.80 TGT 515.00 SL 499.80   Mahanagar Gas Sell​​​​​​​ Mahanagar Gas Ltd @ 1027.00-1030.00 CMP 1023.65 TGT 1019.60 SL 1038.30   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are fo...
Stock Picks - State Bank of India Ltd and Mahanagar Gas Ltd By ICICI Direct
Stock Picks - State Bank of India Ltd and Mahanagar Gas Ltd By ICICI Direct
Source: ICICI Direct
22/10/2021 11:12:10 AM
Mumbai: Pre-Navratri jolt - MGL hikes CNG/PNG rates In a pre-Navratri fuel hike shocker, the Mahanagar Gas Ltd (MGL) has decided to hike the prices of CNG and domestic PNG by Rs 2/kg with effect from midnight (Oct 4/5), an official said here on Monday. Accordingly, the revised final, all-inclusive prices of Compressed Natural Gas used by vehicles will go up from Rs 51.98/kg to Rs 54.57/kg (including taxes), while the rates of domestic Piped Natural Gas in and around Mumbai will shoot up from Rs 30.40/SCM to Rs 32.67/SCM (Slab 1) and Rs 36.0...
Mumbai: Pre-Navratri jolt - MGL hikes CNG/PNG rates
Mumbai: Pre-Navratri jolt - MGL hikes CNG/PNG rates
Source: IANS
5/10/2021 9:28:03 AM
Quote on Which stock should investors buy this GANESH CHATURTHI ? by Mr. Yash Gupta, Angel Broking Ltd Below is quote on Which stock should investors buy this GANESH CHATURTHI? by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd    Since last year’s Ganesh Chaturthi stock markets have given very good returns to investors. Midcaps and Smallcaps have outperformed the border market, we suggest investors do not expect the same amount of returns that they would have got this year. We are suggesting these two stocks thi...
Quote on Which stock should investors buy this GANESH CHATURTHI ? by Mr. Yash Gupta, Angel Broking Ltd
Quote on Which stock should investors buy this GANESH CHATURTHI ? by Mr. Yash Gupta, Angel Broking Ltd
Source: Angel Broking Ltd
9/09/2021 4:36:37 PM
Buy Mahanagar Gas Ltd Target Rs.1235 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Above views are of the author and not of the website kindly read disclaimer
Buy Mahanagar Gas Ltd Target Rs.1235 - Religare Broking
Buy Mahanagar Gas Ltd Target Rs.1235 - Religare Broking
Source: Religare Broking Ltd
7/09/2021 10:55:06 AM
Hold Mahanagar Gas Ltd For Target Rs.1,107 - ICICI Securities Margins at record high; second wave hit volumes Mahanagar Gas’ (MGL) Q1FY22 EPS was up 4.5x YoY on a low base driven by surge in margins and volumes, but down 4% on QoQ basis due to lower volumes on covid-induced lockdown. EBITDA margin was at a record high aided by full benefit of CNG and PNG price hikes made on 8-Feb’21 and lower opex. Spot LNG surge is likely to hit margins on industrial and commercial volumes in Q2. Thus, margins may be down QoQ in Q2, but higher than our F...
Hold Mahanagar Gas Ltd For Target Rs.1,107 - ICICI Securities
Hold Mahanagar Gas Ltd For Target Rs.1,107 - ICICI Securities
Source: ICICI Securities
4/09/2021 9:32:41 AM
Buy Mahanagar Gas Ltd For Target Rs.1,340 - ICICI Direct Healthy margins outlook; CNG near normal in Q2FY22 About the stock: Mahanagar Gas (MGL) is a city gas distribution company and operates in Mumbai, its adjoining areas and Raigad district, Maharashtra. * CNG sales contribute more than 70% of its total sales volume * It has consistently reported high gross margins and return ratios.   Q1FY22 Results: MGL reported Q1FY22 results that were better than estimates. * Revenue was up 140.3% YoY to | 666.9 crore, driven by sales ...
Buy Mahanagar Gas Ltd For Target Rs.1,340 - ICICI Direct
Buy Mahanagar Gas Ltd For Target Rs.1,340 - ICICI Direct
Source: ICICI Direct
2/09/2021 10:36:41 AM
Buy Mahanagar Gas Ltd For Target Rs.1,315 - Motilal Oswal Margin sustainability the biggest question? * MAHGL reported a beat on our estimates, led by highest ever EBITDA/scm (of INR13.9), on the back of improved realization, with lower gas cost. Total volumes were in line, down 17% QoQ at 2.4mmscmd (CNG down 23%), impacted by the second wave of COVID-led lockdowns. * The management said that prices of CNG and PNG Industrial/Commercial are linked to prevailing prices of alternate fuels. Negotiations with OMCs on higher commissions to sell CNG ...
Buy Mahanagar Gas Ltd For Target Rs.1,315 - Motilal Oswal
Buy Mahanagar Gas Ltd For Target Rs.1,315 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
7/08/2021 10:52:21 AM
Buy Mahanagar Gas Ltd For Target Rs. 1,445 - Yes Securities Result Highlights: In‐line 1Q; earnings growth levered to strong margins * 1QFY22 Profitability:  Reported EBITDA and PAT stood at Rs 3.0bn (+280% YoY; ‐4% QoQ) and Rs 2.04bn (+351% YoY; ‐4% QoQ). The YoY growth stemmed from weaker base quarter as strict lockdown during Covid‐1st wave severely impacted sales; however the impact of Covid ‐2nd wave was comparatively less severe, and was apparent by ~4% sequential decline in earnings.   * Gross Margin: The gro...
Buy Mahanagar Gas Ltd For Target Rs. 1,445 - Yes Securities
Buy Mahanagar Gas Ltd For Target Rs. 1,445 - Yes Securities
Source: Yes Securities
30/07/2021 9:30:21 AM
Mahanagar Gas Q1 net profit zooms 351.01% at Rs 204.08 cr The company reported standalone net profit of Rs 204.08 crore for the quarter ended June 30, 2021 as compared to Rs 45.25 crore in the same period last year, registering a year-on-year growth of 351.01 per cent. Net revenue of the company rose triple digit by 140.33 per cent at Rs 666.85 crore in April-June quarter of this fiscal as against Rs 277.47 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 83.75 per cent to Rs 362.86 crore from R...
Mahanagar Gas Q1 net profit zooms 351.01% at Rs 204.08 cr
Mahanagar Gas Q1 net profit zooms 351.01% at Rs 204.08 cr
Source: Dion Global Solutions Ltd
29/07/2021 10:42:37 AM
MGL again hikes prices of CNG, domestic PNG For the second time in six months, the Mahanagar Gas Ltd on Tuesday announced hike in prices of Compressed Natural Gas and Domestic Piped Natural Gas for Mumbai and surrounding areas, with effect from midnight July 13-14, officials said. The rate of CNG - used in over 800,000 vehicles - has been hiked by Rs 2.58/kg, taking it up to Rs 51.98/kg, raising fresh fears of a corresponding increase in the fares for public transport vehicles. The price of Domestic PNG has been increased by Rs.0...
MGL again hikes prices of CNG, domestic PNG
MGL again hikes prices of CNG, domestic PNG
Source: IANS
14/07/2021 9:41:43 AM
Buy Mahanagar Gas Ltd For Target Rs. 1,340 - ICICI Direct Second wave affects demand recovery... Mahanagar Gas’ (MGL) results for Q4FY21 were broadly in line with estimates on the operational front. Topline increased 4.2% YoY to | 784 crore vs. our estimate of | 772.6 crore. Sales volume came in at 2.9 mmscmd, up 3.8% YoY (up 4.4% QoQ) in line with estimate. Gross margins were marginally better than estimate of | 17.5/scm at | 17.7/scm, up | 2.4/scm YoY (flat QoQ). EBITDA at | 316.2 crore (up 29.7% YoY) was slightly below our estimates of |...
Buy Mahanagar Gas Ltd For Target Rs. 1,340 - ICICI Direct
Buy Mahanagar Gas Ltd For Target Rs. 1,340 - ICICI Direct
Source: ICICI Direct
25/06/2021 10:17:00 AM
Hold Mahanagar Gas Ltd For Target Rs. 1,107 - ICICI Securities Margins remain high; 2nd wave to hit volumes Mahanagar Gas’ (MGL) Q4FY21 EPS was up 28% YoY driven by margin rise as CNG and PNG prices were hiked, volumes were up modestly QoQ and YoY. FY21 recurring EPS was down 17% YoY despite 19% YoY rise in margin, hit by 25% YoY volume fall. Factoring in lockdown in Apr-May’21, which may mean ~20% QoQ volume fall in Q1FY22E, has meant cut in FY22E volume estimate by 5%. We have raised our FY22E margin estimate by 1% to Rs12.15/scm (same a...
Hold Mahanagar Gas Ltd For Target Rs. 1,107 - ICICI Securities
Hold Mahanagar Gas Ltd For Target Rs. 1,107 - ICICI Securities
Source: ICICI Securities
23/06/2021 10:43:41 AM
Buy Mahanagar Gas Ltd For Target Rs. 1,300 - Motilal Oswal Lockdown delays recovery; near-term headwinds prevail * Mahanagar Gas (MAHGL) reported numbers in line with estimates. Total sales volumes were up 4% YoY/QoQ to 2.9mmscmd (v/s pre-COVID levels of 3mmscmd in 4QFY19); EBITDA/scm stood at INR12.1. * The lockdowns due to the second wave, which commenced on 15th April in Maharashtra, have adversely impacted CNG volumes (1.43mmscmd; -28.5% v/s 4QFY21) and PNG volumes (0.89mmscmd; flat v/s 4QFY21) – as per data on 22nd May’21. *...
Buy Mahanagar Gas Ltd For Target Rs. 1,300 - Motilal Oswal
Buy Mahanagar Gas Ltd For Target Rs. 1,300 - Motilal Oswal
Source: Motilal Oswal Financial Services
18/06/2021 11:14:09 AM
Hold Mahanagar Gas Ltd For Target Rs.1,378 - Sushil Finance Mahanagar Gas Ltd. reported results for the quarter ended Mar’21. Following are the highlights of the performance. Highlights from the Quarter (Q4FY21): Net Sales for Q4FY21 stood at Rs. 784.04 Cr as against Rs.752.67 Cr in Q4FY20 (up 4.2% YoY) and against Rs. 727.33 Cr in Q3FY21 (up 7.8% QoQ). EBITDA for the quarter stood at Rs. 316.16 Cr as against Rs.243.83 Cr in the corresponding quarter last year (increase of 29.7% YoY) and against Rs.316.72 Cr in the previous quarter (decrease ...
Hold Mahanagar Gas Ltd For Target Rs.1,378 - Sushil Finance
Hold Mahanagar Gas Ltd For Target Rs.1,378 - Sushil Finance
Source: Sushil Finance Ltd
28/05/2021 9:33:25 AM
Mahanagar Gas - 4QFY21 by Mr. Yash Gupta, Angel Broking Ltd Below are Quote on Mahanagar Gas - 4QFY21 by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd    Mahanagar Gas Limited reported revenue growth of 12% in Q4FY21 on back of better than expected realizations. On volume front the company has reported a growth of 2.6% as domestic PNG and CNG has shown a growth of 2.5% & 1% while Commercial & Industrial PNG has reported degrowth of 6% YoY. In Q4FY21 was a low base year for the compan...
Mahanagar Gas - 4QFY21 by Mr. Yash Gupta, Angel Broking Ltd
Mahanagar Gas - 4QFY21 by Mr. Yash Gupta, Angel Broking Ltd
Source: Angel Broking Ltd
26/05/2021 11:22:10 AM
Add Mahanagar Gas Ltd For Target Rs.1,280 - Yes Securities Result Highlights * 4QFY21 Profitability:  Reported EBITDA and PAT stood at Rs 3.16bn (+30% YoY; ‐0.2% QoQ) and Rs 2.13bn (+28% YoY; ‐2% QoQ). The YoY growth stemmed from weaker base quarter, as strict lockdown in Mar’20 had severely impacted gas sales. The sequential impact on profitability on the other hand, stemmed from 10% QoQ higher other operating expenses.   * FY21 profitability: The EBITDA and PAT stood at Rs 9.3bn (‐11.3% YoY) and Rs 6.2bn (‐22% Y...
Add Mahanagar Gas Ltd For Target Rs.1,280 - Yes Securities
Add Mahanagar Gas Ltd For Target Rs.1,280 - Yes Securities
Source: Yes Securities Ltd
26/05/2021 10:33:23 AM