MGL
Mahanagar Gas Limited is a natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and its adjoining areas.
- TTM EPS: 68.63
- TTM PE: 11.95
- Sector PE: 23.74
- Book Value Per Share: 327.24
- P/B: 2.51
- Face Value: 10
- Mkt Cap (Rs. Cr.): 8,097
- Dividend Yield: 2.81
Some Positives:
- Company with No Debt
- Increasing Revenue every quarter for the past 2 quarters
- Book Value per share Improving for last 2 years
- Company with Zero Promoter Pledge
- Current price is less than the intrinsic value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 38.80%
- Good time to consider, as stock is not in overbought zone
Some Negatives:
- Inefficient use of capital to generate profits - RoCE declining in the last 2 years
- Decline in Net Profit with falling Profit Margin (QoQ)
- Decline in Quarterly Net Profit with falling Profit Margin (YoY)
- Recent Results: Declining Operating Profit Margin and Net Profits (YoY)
My Opinion: Chart pattern looks promising for 50% return in medium to long term(If you are planning for long-term investment keep adding on dips till 770 and keep a stop loss at 650). In short term too, target of 840-850 is achievable. Please analyze chart on shorter time-frame before you buy.
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
Comment:
08/04/2022: CMP 828. Expecting price to be 840-850 next week.
Comment:
CMP 833
Trade closed manually:
Sorry for late update. High made of 870 for that trade previously mentioned.
Comment:
CMP 1120
Comment:
LONG term view intact. CMP 1200