MGL - Buy Opportunity Analysis

7 de abr. de 2022

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

8 de abr. de 2022

Nota

08/04/2022: CMP 828. Expecting price to be 840-850 next week.

12 de abr. de 2022

Nota

CMP 833

23 de abr. de 2022

Trade fechado manualmente

Sorry for late update. High made of 870 for that trade previously mentioned.

3 de ago. de 2023

Nota

CMP 1120

9 de jan.

Nota

LONG term view intact. CMP 1200