13 hours Ago
HDFC Securities has a buy call on Mahanagar Gas with a target price of Rs 2,000. The current market price of Mahanagar Gas Ltd. is Rs 1,240.
05. Mahanagar Gas, incorporated in 1995, is a Mid Cap company with a market cap of Rs 12243.51 crore, operating in Gas & Petroleum sector.
Mahanagar Gas' key products/revenue segments include Gas Natural, Other Operating Revenue and Pipes & Fittings for the year ending 31-Mar-2024. Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 1833.18 crore, up 7.
74% from last quarter Total Income of Rs 1701.41 crore and up 13.53 % from last year same quarter Total Income of Rs 1614.
64 crore. The company has reported net profit after tax of Rs 283.50 crore in the latest quarter.
The company's top management includes Mr.Sandeep Kumar Gupta, Mr.Ashu Shinghal, Mr.
Sanjay Shende, Mr.Rajeev Bhaskar Sahi, Ms.Malvika Sinha, Mr.
Syed S Hussain, Mr.Venkatraman Srinivasan, Dr.Harshadeep Kamble.
Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2024, the company has a total of 10 crore shares outstanding. Stock Trading Masterclass on Value Investing and Company Valuation View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.
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At the current price, HDFC Securities estimates factors an EBITDA margin of only Rs 7.3/scm over FY25-FY32E as compared to Rs 11.1/scm reported for Q2FY25.
HDFC Securities has revised the target price to Rs 2,000/share, based on Mar-26E free cash flow (WACC 10.5%, terminal growth rate 3%). The stock is currently trading at 11x Mar-26E EPS.
The brokerage maintains a BUY. Promoter/FII Holdings Promoters held 32.5 per cent stake in the company as of 30-Sep-2024, while FIIs owned 34.
2 per cent, DIIs 15.45 per cent. (You can now subscribe to our ETMarkets WhatsApp channel ).
