Mahanagar Gas Ltd.

NSE: MGL | BSE: 539957

Strong Performer, Under Radar

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1386.95 19.60 (1.43%)

30.23% Fall from 52W High

412.0K NSE+BSE Volume

NSE 28 Mar, 2025 3:31 PM (IST)

3

Broker 1Year buys

3 active buys

0

Broker 1Year sells

0 active sells

3

Broker 1Year neutral

3 active holds

Mahanagar Gas Ltd. share price target

Mahanagar Gas Ltd. has an average target of 1765.67. The consensus estimate represents an upside of 27.31% from the last price of 1386.95. View 13 reports from 6 analysts offering long-term price targets for Mahanagar Gas Ltd..

Reco - This broker has downgraded this stock from it's previous report.
(eg. - Buy->Hold)

Target - Broker has maintained previous recommendation but reduced share price target.

Reco - This broker has upgraded this stock from it's previous report.
(eg. - Sell->Hold)

Target - Broker has maintained previous recommendation but increased share price target.

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Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report		Discuss
	31 Mar 2025	Mahanagar Gas	Consensus Share Price Target	1386.95	1526.76	-	10.08	buy	pdf Detailed Estimates
	26 Mar 2025	Mahanagar Gas	Geojit BNP Paribas Target	1386.95	1552.00	1348.30 (2.87%)	11.90	Accumulate	pdf post cache		Broker Report MAHANAGAR GAS LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	29 Jan 2025	Mahanagar Gas	Prabhudas Lilladhar Target	1386.95	1412.00	1267.20 (9.45%)	1.81	Accumulate	pdf post cache		Broker Report MAHANAGAR GAS LTD. Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	26 Dec 2024	Mahanagar Gas	Geojit BNP Paribas Reco Target	1386.95	1392.00	1238.95 (11.95%)	Target met	Accumulate	pdf post cache		Broker Report MAHANAGAR GAS LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	26 Oct 2024	Mahanagar Gas	BOB Capital Markets Ltd. Target	1386.95	1610.00	1497.25 (-7.37%)	16.08	Hold	pdf post cache		Broker Report Mahanagar Gas (HOLD): Resetting margin expectations, reiterate HOLD BOB Capital Markets Ltd. Q2 results were broadly in line with our forecasts. Factoring in stronger growth momentum, we raise FY24-27E volume CAGR to 8.4% from 7.5% pdf Copy Link Share on Share on Share on Share on Alert
	19 Sep 2024	Mahanagar Gas	Prabhudas Lilladhar Reco Target	1386.95	1864.00	1915.25 (-27.58%)	Target met	Hold	pdf post cache		Broker Report MAHANAGAR GAS LTD. Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	05 Aug 2024	Mahanagar Gas	Geojit BNP Paribas Reco Target	1386.95	1673.00	1793.30 (-22.66%)	Target met	Sell	pdf post cache		Broker Report MAHANAGAR GAS LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	29 Jul 2024	Mahanagar Gas	Prabhudas Lilladhar Reco Target	1386.95	1492.00	1839.95 (-24.62%)	Target met	Sell	pdf post cache		Broker Report MAHANAGAR GAS LTD. Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	28 Jul 2024	Mahanagar Gas	Motilal Oswal Target	1386.95	2200.00	1846.10 (-24.87%)	58.62	Buy	pdf post cache		Broker Report Volume/margin surpass guidance Motilal Oswal Mahanagar Gas Ltd.’s (MAHGL) EBITDA decreased 20% YoY to INR4.2b in 1QFY25, mainly driven by a 29% YoY dip in EBITDA/scm to INR11.9. pdf Copy Link Share on Share on Share on Share on Alert
	27 Jul 2024	Mahanagar Gas	ICICI Securities Limited Target	1386.95	2140.00	1846.10 (-24.87%)	54.30	Buy	pdf post cache		Broker Report Second successive quarter of double-digit volume growth; margins should pick up as well ICICI Securities Limited Mahanagar Gas (MGL) has reported Q1FY25 EBITDA/PAT of INR 4.2/2.85bn (+6/+7% QoQ; -20/-23% YoY), well ahead of I-Sec’s estimates of INR 3.9bn/2.6bn. pdf Copy Link Share on Share on Share on Share on Alert
	09 Jun 2024	Mahanagar Gas	Motilal Oswal Target	1386.95	1565.00	1381.05 (0.43%)	Target met	Buy	pdf post cache		Broker Report UEPL and LCV initiatives to propel volume growth Motilal Oswal Total gas consumption is likely to improve to 500mmscmd in FY30 from 185mmscmd in FY24. Further, the CGD sector’s gas consumption is likely to grow to 103mmscmd in FY30 from 34mmscmd in FY24. pdf Copy Link Share on Share on Share on Share on Alert
	08 Jun 2024	Mahanagar Gas	Emkay	1386.95	1680.00	1381.05 (0.43%)	Target met	Buy	pdf post cache		Broker Report Thrust on core, combined with new forays Emkay Mahanagar Gas (MGL) hosted its analyst meet on 7-Jun-24, highlighting its strong FY24 performance, and guided to a steady 5-year volume CAGR of 6- 7%/>10% in standalone (SA)/Unison Enviro (UEPL) vs. ~5% during FY19-24. pdf Copy Link Share on Share on Share on Share on Alert
	11 May 2024	Mahanagar Gas	Emkay	1386.95	1680.00	1300.35 (6.66%)	Target met	Buy	pdf post cache		Broker Report Focus tilts towards volume growth; retain BUY Emkay MGL’s Q4FY24 SA EBITDA/PAT of Rs3.9bn/Rs2.7bn was 6%/10% lower than our expectation, mainly due to lower realization (higher industrial volume share) affecting gross margin and on slightly higher opex. pdf Copy Link Share on Share on Share on Share on Alert
	29 Jan 2024	Mahanagar Gas	BOB Capital Markets Ltd.	1386.95	1590.00	1414.40 (-1.94%)	Target met	Buy	pdf post cache		Broker Report First Light \| Bajaj Auto, TVS Motor, SBI Card, Laurus Labs, Cipla, Mahanagar Gas, DCB Bank, … BOB Capital Markets Ltd. BJAUT: Healthy revival but priced in; downgrade to SELL. TVSL: On a fast track raise to BUY. SBICARD: Asset quality concerns persist; downgrade to HOLD. LAURUS: Challenges galore cut to SELL. CIPLA: Healthy revenue growth, strong margins. MAHGL: Volume growth accelerating, reiterate BUY. DCBB: NII sequentially flat on high interest cost. SBILIFE: ULIP-led growth; maintains market leadership pdf Copy Link Share on Share on Share on Share on Alert
	27 Jan 2024	Mahanagar Gas	BOB Capital Markets Ltd. Target	1386.95	1590.00	1374.15 (0.93%)	Target met	Buy	pdf post cache		Broker Report Mahanagar Gas (BUY): Volume growth accelerating, reiterate BUY BOB Capital Markets Ltd. Q3 beats consensus with sharp uptick in volume growth and stable margins despite lower APM gas allocation pdf Copy Link Share on Share on Share on Share on Alert
	31 Oct 2023	Mahanagar Gas	Motilal Oswal Target	1386.95	1310.00	1032.40 (34.34%)	Target met	Buy	pdf post cache		Broker Report Volume growth remains the key focus Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	31 Oct 2023	Mahanagar Gas	BOB Capital Markets Ltd. Reco Target	1386.95	1255.00	1032.40 (34.34%)	Target met	Buy	pdf post cache		Broker Report Mahanagar Gas (BUY): Focus on volume growth a positive, upgrade to BUY BOB Capital Markets Ltd. Q2 results in line but margin remains above the cycle average; we raise FY24 EBITDA by 11% factoring in a strong H1 pdf Copy Link Share on Share on Share on Share on Alert
	30 Oct 2023	Mahanagar Gas	Prabhudas Lilladhar Reco Target	1386.95	1065.00	1017.15 (36.36%)	Target met	Hold	pdf post cache		Broker Report MAHANAGAR GAS LTD. Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	28 Oct 2023	Mahanagar Gas	ICICI Securities Limited Target	1386.95	1350.00	988.30 (40.34%)	Target met	Buy	pdf post cache		Broker Report Margins hit new highs; volume ramp-up to strengthen earnings ICICI Securities Limited Mahanagar Gas (MGL)’s Q2FY24 EBITDA/PAT at INR 4.8/3.4bn missed our estimates of INR 5bn/3.5bn, but the company delivered a second successive quarter of strong YoY growth with EBITDA/PAT up 89/106% YoY. Volume growth of just 3.4% was muted, but INR 6.6/scm jump YoY in EBITDA/scm was enough to drive the earnings strength in the quarter. pdf Copy Link Share on Share on Share on Share on Alert
	31 Aug 2023	Mahanagar Gas	Geojit BNP Paribas Target	1386.95	1224.00	1024.00 (35.44%)	Target met	Buy	pdf post cache		Broker Report MAHANAGAR GAS LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	07 Aug 2023	Mahanagar Gas	BOB Capital Markets Ltd. Target	1386.95	1210.00	1063.85 (30.37%)	Target met	Hold	pdf post cache		Broker Report Mahanagar Gas (HOLD): Walking a tightrope; retain HOLD BOB Capital Markets Ltd. Q1 ahead of consensus on margin surprise but soft CNG volumes for the third straight quarter worrying pdf Copy Link Share on Share on Share on Share on Alert
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