MAHANAGAR GAS has announced its results for the year ended March 2023. Let us have a look at the detailed performance review of the company during FY22-23.
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 32,355 | 56,776 | 75.5% |
Other income | Rs m | 868 | 1,120 | 29.0% |
Total Revenues | Rs m | 33,223 | 57,896 | 74.3% |
Gross profit | Rs m | 9,233 | 11,841 | 28.3% |
Depreciation | Rs m | 1,963 | 2,311 | 17.8% |
Interest | Rs m | 75 | 94 | 24.7% |
Profit before tax | Rs m | 8,063 | 10,555 | 30.9% |
Tax | Rs m | 2,093 | 2,655 | 26.8% |
Profit after tax | Rs m | 5,970 | 7,901 | 32.3% |
Gross profit margin | % | 28.5 | 20.9 | |
Effective tax rate | % | 26.0 | 25.2 | |
Net profit margin | % | 18.5 | 13.9 |
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No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Networth | Rs m | 35,973 | 41,342 | 14.9 |
Current Liabilities | Rs m | 13,266 | 15,612 | 17.7 |
Long-term Debt | Rs m | 0 | 0 | 0.0 |
Total Liabilities | Rs m | 52,338 | 60,323 | 15.3 |
Current assets | Rs m | 18,451 | 20,062 | 8.7 |
Fixed Assets | Rs m | 33,887 | 40,261 | 18.8 |
Total Assets | Rs m | 52,338 | 60,323 | 15.3 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-22 | Mar-23 | ||
Cash Flow from Operating Activities | Rs m | 9,037 | 9,693 | 7.3% |
Cash Flow from Investing Activities | Rs m | -5,391 | -6,491 | - |
Cash Flow from Financing Activities | Rs m | -3,103 | -2,848 | - |
Net Cash Flow | Rs m | 543 | 354 | -34.8% |
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 327.5 | 574.8 |
TTM Earnings per share | Rs | 60.4 | 80.0 |
Diluted earnings per share | Rs | 60.4 | 80.0 |
Price to Cash Flow | x | 9.7 | 8.1 |
TTM P/E ratio | x | 12.9 | 10.7 |
Price / Book Value ratio | x | 2.7 | 2.0 |
Market Cap | Rs m | 97,032 | 82,645 |
Dividends per share (Unadj.) | Rs | 25.0 | 26.0 |
Current Ratio: The company's current ratio deteriorated and stood at 1.3x during FY23, from 1.4x during FY22. The current ratio measures the company's ability to pay short-term and long-term obligations.
Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 113.4x during FY23, from 108.1x during FY22. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.
Return on Equity (ROE): The ROE for the company improved and stood at 19.1% during FY23, from 16.6% during FY23. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.
Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 25.8% during FY23, from 22.6% during FY22. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.
Return on Assets (ROA): The ROA of the company improved and stood at 13.3% during FY23, from 11.5% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Current ratio | x | 1.4 | 1.3 |
Debtors’ Days | Days | 2 | 2 |
Interest coverage | x | 108.1 | 113.4 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 11.5 | 13.3 |
Return on equity | % | 16.6 | 19.1 |
Return on capital employed | % | 22.6 | 25.8 |
To see how MAHANAGAR GAS has performed over the last 5 years, please visit here.
Over the last one year, MAHANAGAR GAS share price has moved up from Rs 789.8 to Rs 1,056.3, registering a gain of Rs 266.5 or around 33.7%.
Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 18,909.6 (down 0.1%). Over the last one year it has moved down from 19,336.6 to 18,909.6, a loss of 427 points (down 2.2%).
Overall, the S&P BSE SENSEX is up 12.6% over the year.
(To know more, check out historical annual results for MAHANAGAR GAS and quarterly results for MAHANAGAR GAS)
MAHANAGAR GAS currently trades at Rs 1,460.8 per share. You can check out the latest share price performance of MAHANAGAR GAS here...
The revenues of MAHANAGAR GAS stood at Rs 57,896 m in FY23, which was up 74.3% compared to Rs 33,223 m reported in FY22.
MAHANAGAR GAS' revenue has grown from Rs 26,031 m in FY19 to Rs 57,896 m in FY23.
Over the past 5 years, the revenue of MAHANAGAR GAS has grown at a CAGR of 22.1%.
The net profit of MAHANAGAR GAS stood at Rs 7,901 m in FY23, which was up 32.3% compared to Rs 5,970 m reported in FY22.
This compares to a net profit of Rs 6,196 m in FY21 and a net profit of Rs 7,935 m in FY20.
Over the past 5 years, MAHANAGAR GAS net profit has grown at a CAGR of 9.7%.
The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.
This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.
The cash flow statement of MAHANAGAR GAS reveals:
Here's the cash flow statement of MAHANAGAR GAS for the past 5 years.
(Rs m) | FY19 | FY20 | FY21 | FY22 | FY23 |
---|---|---|---|---|---|
From Operations | 6,846 | 9,852 | 8,055 | 9,037 | 9,693 |
From Investments | -4,386 | -7,548 | -4,439 | -5,391 | -6,491 |
From Financial Activity | -2,346 | -2,416 | -3,488 | -3,103 | -2,848 |
Net Cashflow | 115 | -112 | 128 | 543 | 354 |
Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.
The ratio/financial analysis of MAHANAGAR GAS reveals:
Here's the ratio/financial analysis of MAHANAGAR GAS for the past 5 years.
FY19 | FY20 | FY21 | FY22 | FY23 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 35.1 | 39.3 | 47.3 | 28.5 | 20.9 |
Net Profit Margin (%) | 21.6 | 29.6 | 31.5 | 18.5 | 13.9 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
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