Mahanagar Gas Share Price Target: A Comprehensive Guide for 2024, 2025, 2027, 2030, and 2040 - Home

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Table Of Contents

What Is Mahanagar Gas Limited (MGL)?
Financial Data Analysis Of Mahanagar Gas Limited Company
Historical Performance of Mahanagar Gas Share Price
Mahanagar Gas Share Price Target for 2024
Mahanagar Gas Share Price Target for 2025
Mahanagar Gas Share Price Target for 2027
Mahanagar Gas Share Price Target for 2030
Mahanagar Gas Share Price Target for 2040
How to Purchase Mahanagar Gas Shares
Peer Comparison of Mahanagar Gas Limited
Investor Types and Holding Patterns
Advantages and Disadvantages of Investing in Mahanagar Gas
FAQs
Conclusion

Investing in the stock market requires careful analysis and consideration, especially when choosing a share that promises long-term growth. One such stock that has caught the attention of investors is Mahanagar Gas Limited (MGL). If you’re looking to understand the potential growth of Mahanagar Gas shares and their target prices from 2024 to 2040, you’re in the right place. This blog will provide you with a detailed analysis of Mahanagar Gas’s financial performance, shareholding pattern, and future share price targets based on expert predictions.

What Is Mahanagar Gas Limited (MGL)?

Mahanagar Gas Limited (MGL) is one of India’s leading natural gas distribution companies. Established on May 8, 1995, MGL is headquartered in Mumbai, Maharashtra, and is an enterprise of GAIL (India) Limited. The company is a key player in supplying Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) to millions of customers across Mumbai and its neighboring areas.

Company Name: Mahanagar Gas Limited
Market Cap: ₹17,523.72 Crore
Book Value: ₹521.01
Face Value: ₹10
52 Week High: ₹1,860.12
52 Week Low: ₹970.55
Price to Book (P/B) Ratio: 3.34
Dividend Yield: 1.74%

With a robust infrastructure, including a vast network of steel and polyethylene pipelines, Mahanagar Gas caters to a wide range of customers, from domestic households to large industrial clients.

Financial Data Analysis Of Mahanagar Gas Limited Company

To assess the potential of Mahanagar Gas shares, it’s essential to analyze its financial performance. Below are some key financial metrics that provide insights into the company’s health:

Metric	Value
Price to Earnings (PE) Ratio	13.32
Return on Assets (ROA)	14.04%
Current Ratio	1.30
Return on Equity (ROE)	20.45%

These metrics suggest that Mahanagar Gas has maintained a healthy financial position, making it an attractive investment option for long-term investors.

Historical Performance of Mahanagar Gas Share Price

Mahanagar Gas shares have shown a bullish trend in recent years. Here’s a look at the historical growth of the share price:

Period	Share Price Growth
Last 6 Months	+32.32%
Last 1 Year	+62.40%
Last 5 Years	+121.46%
Maximum Growth	+230.86%

The share has consistently provided good returns to investors, making it a promising choice for those looking to invest in the natural gas sector.

Mahanagar Gas Share Price Target for 2024

For 2024, Mahanagar Gas is expected to continue its growth trajectory, driven by its extensive pipeline network and expansion into new markets. The company is focusing on ensuring a safe and uninterrupted gas supply to its customers.

Year	Price Target 1	Price Target 2
2024	₹1,425.02	₹2,025.55

The company’s profit growth has been impressive, with net profits rising from ₹597.12 Crore in March 2022 to ₹790.25 Crore in March 2023.

Mahanagar Gas Share Price Target for 2025

Looking ahead to 2025, Mahanagar Gas aims to expand its distribution network across Mumbai and neighboring areas. The company has set ambitious targets to become a leading consumer and environment-friendly gas company.

Year	Price Target 1	Price Target 2
2025	₹2,069	₹2,389.10

With sales growth surging by 77.12% in the last year, Mahanagar Gas is well-positioned to achieve these targets.

Mahanagar Gas Share Price Target for 2027

By 2027, Mahanagar Gas is expected to introduce several technological innovations, such as gas detection cameras and user-friendly applications for its customers. These advancements will likely contribute to the company’s growth and share price appreciation.

Year	Price Target 1	Price Target 2
2027	₹2,812.03	₹3,189.22

The company’s ROE and ROCE ratios indicate a strong potential for profitability in the coming years.

Mahanagar Gas Share Price Target for 2030

By 2030, Mahanagar Gas plans to expand its footprint significantly, including the establishment of Asia’s largest Compressed Bio-Gas plant. These strategic initiatives will play a crucial role in driving the company’s growth.

Year	Price Target 1	Price Target 2
2030	₹3,941.02	₹4,199.11

The company’s total revenue and expenditure are expected to grow steadily, reflecting its commitment to expanding its operations.

Mahanagar Gas Share Price Target for 2040

Looking even further ahead to 2040, Mahanagar Gas has ambitious plans to explore new avenues, such as Green Hydrogen and Electric Mobility. The company’s joint venture with Baidyanath LNG is expected to enhance its LNG ecosystem, contributing to its long-term growth.

Year	Price Target 1	Price Target 2
2040	₹7,299.20	₹7,652.44

The company’s international expansion and strong FII investments will likely play a key role in achieving these targets.

How to Purchase Mahanagar Gas Shares

If you’re considering investing in Mahanagar Gas, here are some popular platforms where you can purchase the shares:

Zerodha
Upstox
Groww
Angel One

These platforms provide user-friendly interfaces and robust tools to help you make informed investment decisions.

Peer Comparison of Mahanagar Gas Limited

When analyzing Mahanagar Gas, it’s also important to compare it with its peers in the industry. Here’s a comparison with other key players in the natural gas sector:

Company	Market Cap	P/E Ratio	Dividend Yield
GAIL India Limited	₹50,000 Crore	10.5	3.5%
Adani Total Gas Limited	₹90,000 Crore	15.2	0.8%
Gujarat Gas Limited	₹30,000 Crore	12.7	2.1%
Petronet LNG Limited	₹40,000 Crore	11.4	4.2%

Mahanagar Gas holds a strong position among its peers, particularly due to its robust financials and growth potential.

Investor Types and Holding Patterns

Mahanagar Gas has a diverse set of investors, including promoters, public investors, FIIs, and DIIs. Here’s a breakdown of the investor holding pattern:

Investor Type	Holding Percentage
Promoters	32.55%
Public Investors	9.66%
Foreign Institutional Investors (FIIs)	30.69%
Domestic Institutional Investors (DIIs)	27.10%

This diversified holding pattern reflects the confidence of various types of investors in the company’s growth prospects.

Advantages and Disadvantages of Investing in Mahanagar Gas

Every investment comes with its set of pros and cons. Here are the advantages and disadvantages of investing in Mahanagar Gas:

Revenue Growth: Consistent revenue growth due to increased demand for natural gas.
Strong Financials: Healthy financial metrics, including high ROE and ROCE.
Expansion Plans: Aggressive expansion into new markets and technological advancements.
Disadvantages:
Regulatory Risks: Potential risks due to changes in government policies.
Market Competition: Intense competition from other players in the natural gas sector.
Dependency on CNG: Heavy reliance on CNG sales, which could be affected by changes in fuel preferences.

Also Read: SRF Share Price Target Analysis for 2024, 2025, 2027, 2030, and 2040

FAQs

Is Mahanagar Gas share a good investment for long-term investors?

Yes, Mahanagar Gas shares have shown strong growth potential, making them a viable option for long-term investors.

What is the market capitalization of Mahanagar Gas?

As of 2024, Mahanagar Gas’s market capitalization stands at ₹17,523.72 Crore.

What is the P/E ratio of Mahanagar Gas?

The P/E ratio of Mahanagar Gas is 13.32, indicating how much investors are willing to pay for each rupee of earnings.

Where can I purchase Mahanagar Gas shares?

Mahanagar Gas shares can be purchased through a brokerage account on stock exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE).

How has Mahanagar Gas performed in the past?

Mahanagar Gas has consistently delivered strong financial performance, with steady growth in revenue, profit, and share price over the years.

Conclusion

Mahanagar Gas Limited presents a compelling investment opportunity for those looking to invest in the natural gas sector. With its robust financial performance, strategic expansion plans, and focus on technological innovation, Mahanagar Gas is well-positioned for future growth. While there are some risks associated with the investment, the company’s strengths far outweigh the potential downsides.

Disclaimer: This blog is for educational purposes only and should not be considered as financial advice. Always consult with a SEBI-registered advisor before making any investment decisions.