NSE: MGL | BSE: 539957

Mid-range Performer

Download real time

1404.80 13.40 (0.96%)

29.34% Fall from 52W High

514.0K NSE+BSE Volume

NSE 19 May, 2025 3:19 PM (IST)

13,876.3

Market Cap

Above industry Median

1.3

Beta 1Year

Very High Volatility

Mahanagar Gas Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MGL, BSE:539957 Mahanagar Gas Ltd.

Mahanagar Gas Ltd.

31 Aug 2023

1404.80

0.96%

MAHANAGAR GAS LIMITED

Buy: Mahanagar Gas Ltd.

Target

Geojit BNP Paribas

Mahanagar Gas Ltd. has gained 24.32% in the last 6 Months

Mahanagar Gas Ltd.

07 Aug 2023

1404.80

0.96%

Mahanagar Gas (HOLD): Walking a tightrope; retain HOLD

Hold: Mahanagar Gas Ltd.

Target

BOB Capital Markets Ltd.

Q1 ahead of consensus on margin surprise but soft CNG volumes for the third straight quarter worrying

Emkay increased Buy price target of Mahanagar Gas Ltd. to 1700.0 on 08 May, 2025.

Mahanagar Gas Ltd.

05 Aug 2023

1404.80

0.96%

Margins hit a new high; Volume ramp up to add to earnings strength

Buy: Mahanagar Gas Ltd.

Target

ICICI Securities Limited

Mahanagar Gas’ (MGL) Q1FY24 EBITDA/PAT at INR 5.2/3.7bn beat I-Sec estimates of EBITDA/PAT of INR 4.3/3bn, rising 83/99% YoY, respectively. Volume growth of just 1% was muted, but INR 7.7/scm jump YoY in EBITDA/scm (highest ever) was enough to drive the earnings strength in the quarter.

Emkay increased Buy price target of Mahanagar Gas Ltd. to 1700.0 on 08 May, 2025.

Mahanagar Gas Ltd.

05 Aug 2023

1404.80

0.96%

Record margins drive beat

Buy: Mahanagar Gas Ltd.

Target

Motilal Oswal

Mahanagar Gas Ltd. is trading below its 200 day SMA of 1469.9

Mahanagar Gas Ltd.

30 Jun 2023

1404.80

0.96%

Mahanagar Gas Ltd

Buy: Mahanagar Gas Ltd.

Target

CD Equisearch

Emkay increased Buy price target of Mahanagar Gas Ltd. to 1700.0 on 08 May, 2025.

Mahanagar Gas Ltd.

29 Jun 2023

1404.80

0.96%

Steady progress ahead

Buy: Mahanagar Gas Ltd.

ICICI Securities Limited

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.

Mahanagar Gas Ltd. is trading below its 200 day SMA of 1469.9

Mahanagar Gas Ltd.

29 Jun 2023

1404.80

0.96%

Mahanagar Gas

Buy: Mahanagar Gas Ltd.

Target

Sharekhan

Mahanagar Gas Ltd. has an average target of 1769.00 from 6 brokers.

Mahanagar Gas Ltd.

25 May 2023

1404.80

0.96%

Key conference takeaways

Buy: Mahanagar Gas Ltd.

ICICI Securities Limited

We hosted the senior management of Mahanagar Gas (MGL) at our Singapore conference. Company was represented by Mr. Ashu Shinghal (MD), Mr. Rajesh Patel (CFO) and Mr. Rajesh Wagle (head of commercial and marketing). Management articulated their strategic roadmap and threw light on recent developments.

Mahanagar Gas Ltd. is trading below its 200 day SMA of 1469.9

Mahanagar Gas Ltd.

10 May 2023

1404.80

0.96%

Steady volumes, strong margins drive a strong quarter

Buy: Mahanagar Gas Ltd.

Target

ICICI Securities Limited

Mahanagar Gas (MGL) has reported a strong 81% YoY jump in EBITDA to Rs3.9bn and a 2x YoY jump in PAT to Rs2.7bn in Q4FY23. QoQ growth was strong as well, with EBITDA/PAT growing 52/56%, respectively. Volumes of 3.4mmscmd, however, disappointed, declining 1% QoQ, well below I-Sec estimates of 3.6mmscmd.