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'Buy' Mahanagar Gas Says HDFC Securities On Strong CNG Vehicle Registrations; Revises Target Price
Competitive CNG price versus auto-fuels should support robust volume growth for Mahanagar Gas at 12% CAGR over FY24-27E, Ebitda margin improvement in FY26E from the lows of H2, says HDFC Securities.
07 Jan 2025, 10:39 AM IST 
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At the current price, Mahanagar Gas is trading at 11 times Mar-26E EPS, a 19% discount to its five-year average despite a strong volume growth outlook in the longer term, says the brokerage (Photo: NDTV Profit)
At the current price, Mahanagar Gas is trading at 11 times Mar-26E EPS, a 19% discount to its five-year average despite a strong volume growth outlook in the longer term.
