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 MGL'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 1.084000
forwardPE 9.771366
debtToEquity 3.545000
earningsGrowth -0.325000
revenueGrowth 0.148000
grossMargins 0.334600
operatingMargins 0.114070
trailingEps 98.650000
forwardEps 110.220000

MGL's current ratio being 1.084 suggests the company will have no issues paying off its short-term debt. With sufficient cash reserves and current assets, MGL can easily cover its immediate liabilities, reflecting solid financial health.
MGL's low earnings and revenue growth suggest shrinking profits are likely. This could reflect broader financial struggles, signaling that the company might face difficulties in sustaining its profitability.
Mahanagar Gas Limited's negative gross and operating margins reflect unprofitability, suggesting the company is unable to generate revenue sufficient to cover its costs. This could indicate deeper financial challenges or declining efficiency.
MGL's forward EPS being higher than its trailing EPS suggests that the company is expected to generate stronger profits this year. This points to improving financial performance, with MGL anticipated to deliver better earnings than it did in the prior year.

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


With analysts showing a buy bias for MGL, investors may be more inclined to see the stock as an attractive investment. The favorable outlook could spur increased interest, positioning MGL as a safe and profitable place for investors to allocate their funds and seek growth.