NSE: MGL | BSE: 539957

Mid-range Performer

Download real time

1472.20 -2.40 (-0.16%)

25.95% Fall from 52W High

121.0K NSE+BSE Volume

NSE 16 Jul, 2025 12:19 PM (IST)

14,542.1

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.

10 May 2023

1472.20

-0.16%

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.

Mahanagar Gas Ltd. has an average target of 1695.33 from 6 brokers.

Mahanagar Gas Ltd.

10 May 2023

1472.20

-0.16%

Mahanagar Gas (HOLD): Slow long-term growth prospects; cut to HOLD

Hold: Mahanagar Gas Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Q4 beat consensus as EBITDA margin improved sharply by Rs 4.6/scm QoQ on limited passthrough of lower gas purchase costs

Mahanagar Gas Ltd. is trading above all available SMAs

Mahanagar Gas Ltd.

10 May 2023

1472.20

-0.16%

Mahanagar Gas

Buy: Mahanagar Gas Ltd.

Target

ICICI Direct

Mahanagar Gas Ltd. has an average target of 1695.33 from 6 brokers.

Mahanagar Gas Ltd.

09 May 2023

1472.20

-0.16%

MAHANAGAR GAS LTD.

Buy: Mahanagar Gas Ltd.

Target

Prabhudas Lilladhar

Mahanagar Gas Ltd. has an average target of 1695.33 from 6 brokers.

Mahanagar Gas Ltd.

09 May 2023

1472.20

-0.16%

Margins improve amid declining gas cost

Buy: Mahanagar Gas Ltd.

Target

Motilal Oswal

Mahanagar Gas Ltd. has an average target of 1695.33 from 6 brokers.

Mahanagar Gas Ltd.

10 Apr 2023

1472.20

-0.16%

MAHANAGAR GAS LTD.

Buy: Mahanagar Gas Ltd.

Ventura

Inflection in growth trajectory

Mahanagar Gas Ltd. has an average target of 1695.33 from 6 brokers.

Mahanagar Gas Ltd.

06 Mar 2023

1472.20

-0.16%

Acquires CGD player – Unison Enviro Pvt Ltd

Buy: Mahanagar Gas Ltd.

Target

ICICI Securities Limited

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).

Mahanagar Gas Ltd. has an average target of 1695.33 from 6 brokers.

Mahanagar Gas Ltd.

06 Feb 2023

1472.20

-0.16%

Margin strength offsets miss on volumes

Buy: Mahanagar Gas Ltd.

Target

ICICI Securities Limited

Mahanagar Gas (MGL) has reported a 2.5x YoY growth in EBITDA and a 3x YoY growth in PAT to Rs2.6/1.7bn in Q3FY23, with a weak base driving YoY growth. QoQ growth of 1% in EBITDA /5% QoQ growth in PAT was credible as well, coming in a quarter.

Mahanagar Gas Ltd. has an average target of 1695.33 from 6 brokers.

Is Mahanagar Gas Ltd. worth buying?

519 Votes:

Buy 86.51%

Sell 7.71%

Hold 5.78%

RESEARCH REPORTS

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Buy SEE REPORTS >

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