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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Mahanagar Gas Limited is an India-based natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane and Raigad districts of Maharashtra. It operates through the selling of the…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, fully valued.
Mahanagar Gas is scored on the commodity / cyclical framework. It keeps a healthy 10.1% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.38× reported profit. Free cash flow is worth about 2.5% of its market value.
Over the last 3 years revenue compounded at 9%/yr and profit at 2%/yr. Book value itself has compounded 16%/yr — the hallmark of a genuine compounder. Return on equity is a modest 10.0%. In the latest quarter profit grew 49% versus the prior quarter.
At 13× earnings, the stock sits at the 75th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price implies ~7%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 16.93 | 21.9 | better |
| P/B | 1.7 | 2.58 | better |
| EV/EBITDA | 8.25 | 12.05 | better |
| ROE | 10.03 | 17.07 | worse |
| ROCE | 13.23 | 11.28 | better |
| ROA | 6.91 | — | — |
| Quick Ratio | 0.91 | 1.31 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| GAIL | 9.7 | 1.3 | 13.1% |
| Adani Total Gas | 98.6 | 12.2 | 12.4% |
| Petronet LNG | 10.3 | 2.0 | 19.1% |
Revenue has grown every year across all 4 financial years shown. 9% CAGR — growing but slowly.
Revenue is outpacing profit (9% vs 2%) — costs are rising faster than the top line.
Operating margin has compressed from 16% to 14% — costs or competition are eating into profitability.
ROE at 13% — a respectable return on shareholder capital. Capital efficiency declining — ROE down 6pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. 2% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.4× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 15% sequentially — momentum is building.
Profit jumped 49% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 32.5% — dispersed ownership; institutional flows drive the stock. MF holding up 2.6pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.