Mahanagar Fuel Ltd., included within the yr 1995, is a Mid Cap firm (having a market cap of Rs 8835.67 Crore) working in Fuel & Petroleum sector.
Mahanagar Fuel Ltd. key Merchandise/Income Segments embrace Fuel Pure, Different Working Income and Pipes & Fittings for the yr ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the corporate has reported a Standalone Whole Earnings of Rs 1743.51 Crore, up 8.08 % from final quarter Whole Earnings of Rs 1613.19 Crore and up 87.44 % from final yr identical quarter Whole Earnings of Rs 930.16 Crore. Firm has reported internet revenue after tax of Rs 163.97 Crore in newest quarter.
Funding RationaleThe brokerage values MGL on DCF methodology, utilizing a WACC of 10.9%, DER of 35%, long-term EBITDA assumption of Rs9.5/scm and terminal development price of 1.5%. In the long run, it builds in muted quantity development past FY25E in addition to flattish margins, given warning round long term development expectations. Its DCF worth delivers a goal value of Rs1,025/sh, 15.4% upside from right here.
Promoter/FII Holdings Promoters held 32.5 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 25.81 per cent, DIIs 16.05 per cent.
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