Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8100.27 Crore) operating in Gas & Petroleum sector.
Mahanagar Gas Ltd. key Products/Revenue Segments include Gas Natural, Other Operating Revenue and Pipes & Fittings for the year ending 31-Mar-2022.
Financials
Investment Rationale
With ahead-of-estimated volume growth and abysmal valuations, coupled with robust return ratios, it sees the risk-reward ratio strongly tilted in favour of reward. Upgrade to BUY, with a target price of Rs980/sh.
Promoter/FII Holdings
Promoters held 32.5 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.81 per cent, DIIs 16.05 per cent.
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