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1 Comment
Mahanagar Gas Limited is currently in a long term uptrend where the price is trading 9.1% above its 200 day moving average.
From a valuation standpoint, the stock is 16.6% more expensive than other stocks from the Utilities sector with a price to sales ratio of 5.3.
Mahanagar Gas Limited's total revenue rose by 115.6% to $7B since the same quarter in the previous year.
Its net income has increased by 1646.3% to $2B since the same quarter in the previous year.
Finally, its free cash flow grew by 33.6% to $1B since the same quarter in the previous year.
Based on the above factors, Mahanagar Gas Limited gets an overall score of 4/5.
Sector | Utilities |
---|---|
Industry | Utilities - Regulated Gas |
Exchange | NSE |
CurrencyCode | INR |
ISIN | INE002S01010 |
Dividend Yield | 2.1% |
---|---|
Market Cap | 139B |
Beta | 0.64 |
PE Ratio | 13.21 |
Target Price | 1539.2413 |
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.
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