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Mahanagar Gas Ltd is an India-based natural gas distribution company. It distributes natural gas through the City Gas Distribution network of pipelines. It distributes compressed natural gas (CNG) for use in vehicles and piped natural gas (PNG) for domestic household, commercial, and industrial use, and to transport sector customers as well. The company operates under the business segment of the sale of natural gas. Its business operations are principally carried out in India. The company generates revenue by selling natural gas, of which the sale of CNG accounts majorly for the total gas sales revenue.
1995
532
LTM Revenue $792M
LTM EBITDA $175M
$1.3B
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Mahanagar Gas has a last 12-month revenue of $792M and a last 12-month EBITDA of $175M.
In the most recent fiscal year, Mahanagar Gas achieved revenue of $728M and an EBITDA of $234M.
Mahanagar Gas expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Mahanagar Gas valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $729M | $728M | XXX | XXX | XXX |
| Gross Profit | $150M | $191M | XXX | XXX | XXX |
| Gross Margin | 21% | 26% | XXX | XXX | XXX |
| EBITDA | $151M | $234M | XXX | XXX | XXX |
| EBITDA Margin | 21% | 32% | XXX | XXX | XXX |
| Net Profit | $69.3M | $91.8M | XXX | XXX | XXX |
| Net Margin | 10% | 13% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Mahanagar Gas's stock price is INR 1278 (or $15).
Mahanagar Gas has current market cap of INR 126B (or $1.5B), and EV of INR 111B (or $1.3B).
See Mahanagar Gas trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.3B | $1.5B | XXX | XXX | XXX | XXX | $1.20 |
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Sign UpAs of April 15, 2025, Mahanagar Gas has market cap of $1.5B and EV of $1.3B.
Mahanagar Gas's trades at 1.6x LTM EV/Revenue multiple, and 7.4x LTM EBITDA.
Analysts estimate Mahanagar Gas's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Mahanagar Gas and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $1.3B | XXX | XXX | XXX |
| EV/Revenue | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 6.8x | XXX | XXX | XXX |
| P/E | 11.6x | XXX | XXX | XXX |
| P/E/Growth | 5.5x | XXX | XXX | XXX |
| EV/FCF | 16.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpMahanagar Gas's NTM/LTM revenue growth is 11%
Mahanagar Gas's revenue per employee for the last fiscal year averaged $1.4M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Mahanagar Gas's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Mahanagar Gas's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Mahanagar Gas and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 0% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 56% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 35% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 13% | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| New Sources Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| APA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Chrysos Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Mahanagar Gas acquired XXX companies to date.
Last acquisition by Mahanagar Gas was XXXXXXXX, XXXXX XXXXX XXXXXX . Mahanagar Gas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Mahanagar Gas founded? | Mahanagar Gas was founded in 1995. |
| Where is Mahanagar Gas headquartered? | Mahanagar Gas is headquartered in India. |
| How many employees does Mahanagar Gas have? | As of today, Mahanagar Gas has 532 employees. |
| Is Mahanagar Gas publicy listed? | Yes, Mahanagar Gas is a public company listed on NSE. |
| What is the stock symbol of Mahanagar Gas? | Mahanagar Gas trades under MGL ticker. |
| When did Mahanagar Gas go public? | Mahanagar Gas went public in 2016. |
| Who are competitors of Mahanagar Gas? | Similar companies to Mahanagar Gas include e.g. TAQA, New Sources Energy, AGL Energy, APA Group. |
| What is the current market cap of Mahanagar Gas? | Mahanagar Gas's current market cap is $1.5B |
| What is the current revenue of Mahanagar Gas? | Mahanagar Gas's last 12-month revenue is $792M. |
| What is the current EBITDA of Mahanagar Gas? | Mahanagar Gas's last 12-month EBITDA is $175M. |
| What is the current EV/Revenue multiple of Mahanagar Gas? | Current revenue multiple of Mahanagar Gas is 1.6x. |
| What is the current EV/EBITDA multiple of Mahanagar Gas? | Current EBITDA multiple of Mahanagar Gas is 7.4x. |
| What is the current revenue growth of Mahanagar Gas? | Mahanagar Gas revenue growth between 2023 and 2024 was 0%. |
| Is Mahanagar Gas profitable? | Yes, Mahanagar Gas is EBITDA-positive (as of the last 12 months). |
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