Mahanagar Gas Share Price Target 2024, 2025, 2027, 2030, 2040

If you think about which share will be best for investment in recent times then you should know about Mahanagar Gas Share Price Target. Today in our blog we will explain the basic idea about Mahanagar Gas Share Price Target 2024, 2025, 2027, 2030, 2040. We did the research and took advice from experts to make this blog about the company’s growth, performance, etc.

Mahanagar Gas Share Price Target is a trading share in the share market. In this article, we will discuss the company’s financial growth, the business policy of the company, the shareholding pattern of the company, and the forecast share price yearly. We use expert data and analysis to understand the Mahanagar Gas Share Price Target Share Price Target. This article may be helpful to those who want to invest in this share right now. Let’s look at Mahanagar Gas Share Price Target 2024 to 2040.

What Is Mahanagar Gas Limited (MGL) Company?

Mahanagar Gas Limited (MGL) is an Indian Natural Gas distribution company which was established in the year 1995, 8th May. The headquarters of the company is situated in Mumbai, Maharashtra. The company is an Enterprise of GAIL (India) Limited.

Overview Of Mahanagar Gas Limited Company

In recent times the company has supplied CNG to 0.77 million vehicles and Piped Natural Gas to 1.53 million domestic households. The MGL Company provides CNG to more than ₹10 lakh Vehicles under which 2495 NMMT/TMT/MSRTC buses, more than 35100 Private Buses/Trucks/Tempos, 5 lakh cars, above 0.7 lakh taxis, etc.

Financial Data Analysis Of Mahanagar Gas Limited Company

We need a basic idea about the company’s PE ratio, return on assets, current ratio, and return on equity. In the below portion, we discuss the performance of the company. Mahanagar Gas Share Price Target also depended upon the ratio described below.

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History Of Mahanagar Gas Share Price Target From 2024 to 2040

Mahanagar Gas Share is a bullish trend in the share market. Mahanagar Gas is under both the Indian Stock Exchange BSE (Bombay Stock Exchange) and NSE (National Stock Exchange). The last 6 months share growth was +420.60 (32.32%), the last 1 year’s share growth was +661.65 (62.40%), the last 5 year’s share growth was +943.95 (121.46%), the maximum share growth was +1,200.85 (230.86%).

Mahanagar Gas Share Price return percentage was 22.67% in the last 3 months, the last 3 year’s share price return percentage was 49.1% and the last 5 years’ percentage was 116.95%. Mahanagar Gas Share always gives a good return to investors. If anyone wants to invest in the share it will be profitable on a long-term basis. Let’s have a look at Mahanagar Gas Share Price Target from 2024 to 2040.

Mahanagar Gas Share Price Target 2024

For the safe and uninterrupted supply of gas to the customer Mahanagar Gas Limited Company provides 608 Km of Steel Pipeline, 6446 Km of PE Pipeline, and also has 349 CNG Filling Stations & 2153 dispensing points. In the industrial area, the company provides Gas connections to the Metal Industry, Pharmaceutical industry, Oil Mills, Power Generation, Air Conditioning, Food & Beverages, FMC Products Manufacturers, etc.

The Mahanagar Gas Limited Company has a good profit growth. The last 5 years’ Share growth was 10.60% which decreased to -0.17% and in the last 1 year the percentage became 32.37%. The Net Profit amount was ₹597.12 Crore in March 2022 which increased to ₹790.25 Crore in March 2023. If we look at Mahanagar Gas Share Price Target 2024, the 1st Price Target is ₹1,425.02 and the 2nd Price Target is ₹2,025.55.

Mahanagar Gas Share Price Target 2025

Mahanagar Gas Limited Company has fixed its aim to spread the distribution network of Natural Gas to the metropolis of Mumbai and its neighboring areas. The Company’s vision envisages being a consumer and environment-friendly gas company. The company is certified by ISO 9001:2015, ISO 45001:2018, ISO 14001:2015. The City Gas Distribution network is designed & maintained by world-class technical & safety standards.

The Sales Growth percentage of the company was 23.52% in the last 5 years which increased to 28.96% in the last 3 years and in the last 1 year the percentage became 77.12%. The Net Sales amount was ₹1,799.92 Crore in March 2023 which became ₹1,721.96 Crore in March 2024. If we look at Mahanagar Gas Share Price Target 2025, the 1st Price Target is ₹2,069 and the 2nd Price Target is ₹2,389.10.

Mahanagar Gas Share Price Target 2027

MGL Company first introduced the Gas detection camera (FLIR) which is used in Gas Leak surveys, which is turned on to visualize emissions that can’t be seen by the naked eye. The company first provides self meter reading option for PNG customers and provides an E-Bill option for PNG Customers. One of the other applications are user-friendly website, the MGL Tez app in collaboration with Best for CNG Vehicles to book time slots for refueling after the selection of Best bus depots.

The ROE percentage of the company is good which was 22.52% in the last 5 years which decreased to 19.56% in the last 3 years and in the last 1 year the percentage was 20.66%. The ROCE Percentage of the company was 30.86% in the last 5 years which decreased to 26.85% in the last 3 years and in the last 1 year, the amount became 27.65%. If we look at Mahanagar Gas Share Price Target 2027, the 1st Price Target is ₹2,812.03 and the 2nd Price Target is ₹3,189.22.

Mahanagar Gas Share Price Target 2030

MGL Company fixed up some strategies for covering growth in its core sector like the company signed an MoU with Brihanmumbai Municipal Corporation for establishing Asia’s largest Compressed Bio-Gas plant which is capable of processing around 1000 TPD municipal solid waste into compressed Bio-Gas. MGL the acquisition of Unison Enviro Pvt Limited to expand footprints in other Geographic Areas.

The Total Revenue amount of the company was ₹6,416.23 Crore in March 2023 which increased to ₹6,422.99 Crore in March 2024. The total expenditure amount of the company was ₹1,384.12 Crore in March 2023 which decreased to ₹1,326.52 Crore in March 2024. If we look at Mahanagar Gas Share Price Target 2030, the 1st Price Target is ₹3,941.02 and the 2nd Price Target is ₹4,199.11.

Also Read – GAIL Share Price Target

Mahanagar Gas Share Price Target 2040

Mahanagar LNG Pvt Limited has a joint venture with Baidyanath LNG to enhance the LNG Ecosystem and switch the transport and mining sector vehicles to greener fuel and the company exploring the uses of Green Hydrogen & Electric Mobility Space. The company fixed the aim to add over 180 Km of Steel pipeline, and 250 CNG filling stations within the next 5 years. The PNG Volume of the company was 0.885 mmscmd in the year 2022 which became 0.935 mmscmd in the year 2024.

As the company spread its business outside of India the FII investor percentage of the company is good which is 30% to 31% which is a very good part of the company’s growth. The tax amount of the company was ₹88.50 Crore in March 2023 which increased to ₹92.33 Crore in March 2024. If we look at Mahanagar Gas Share Price Target 2040, the 1st Price Target is ₹7,299.20 and the 2nd Price Target is ₹7,652.44.

How To Purchase Mahanagar Gas Share?

The most common trading platform for purchasing the Mahanagar Gas Share is described below.

• Zerodha
• Upstox
• Groww
• Angelone

Peer’s Company of Mahanagar Gas Limited Company

• GAIL India Limited
• Adani Total Gas Limited
• Gujarat Gas Limited
• Petronet LNG Limited

Investors Types And Ratio Of Mahanagar Gas Limited Company

There are mainly four main Types of Investors in Mahanagar Gas Company. The company’s growth also depended upon the ratio of investors who invested in the share.

Promoters Holding

Promoters Holding means how much capital is invested by company promoters (owner of the company) through overall capital. Mahanagar Gas Company’s promoter holding capacity is 32.55%.

Public Holding

Public Investors are individuals who invest in the public market for profit in the future (large and small companies). Mahanagar Gas Company’s public holding capacity is 9.66%.

FII

Foreign Institutional Investors are those big companies that invest in different countries company. Mahanagar Gas Company’s FII is 30.69%.

DII

Domestic Institutional Investors (like Insurance, companies mutual funds) who invest in their own country. Mahanagar Gas Company’s DII is 27.10%.

Advantages and Disadvantages Of Mahanagar Gas Share

Every share has some advantages and some disadvantages also. So, the Mahanagar Gas Share Price Target also has some advantages and disadvantages.

Advantages

• In the last 3 years revenue growth of the company was 28.47%.
• The company is virtually debt-free and the company has a healthy interest cover ratio which is 114.12.
• The company has an efficient cash conversation cycle of -10.23 days.
• The company has good cash flow management, PAT stands at 1.30.
• The company has a good ROCE ratio which is 26.85% in the last 3 years.
• The company is increasing with zero promoter pledges.

Disadvantages

The company’s profit growth has decreased by -0.17% in the last 3 years.

Also Read – ONGC Share Price Target

FAQ

Conclusion

Hopefully, www.sharetargethub.com will help you gain basic ideas about the Mahanagar Gas Share Price Target. By doing the research and taking advice from expertise we ensure that on a long-term basis, Mahanagar Gas Share Price Target may reach a very high position. Mahanagar Gas Company is related to the Natural Gas Manufacturing Sector. So the demand for this sector also increases which helps the share to gain profit in the future.

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