MGL''s Investors'' and Analysts'' Meet 2025 Presentation
Awaiting price reaction for this filing.
Mahanagar Gas Limited (MGL) shared its Investor Presentation 2025 at the analysts' meet on June 6, 2025. The company is one of India's largest City Gas Distribution (CGD) players with 2.83 million+ PNG households, 1.11 million+ CNG vehicles, 385 CNG stations, and 7,460+ km of pipeline. FY25 financials showed revenue of ₹6,924 crore, PAT of ₹1,045 crore, and ROE of 18.90%. The presentation highlighted a 6.55% 5-year volume CAGR and 14.33% 3-year revenue CAGR, while EBITDA margin contracted to 21.81% in FY25 from 29.51% in FY24 due to higher gas costs. MGL is debt-free, AAA-rated by ICRA, and has earmarked ₹6,906 crore of cumulative capex. Growth plans include adding 180 km of steel pipeline and 250 CNG filling stations over the next 5 years, plus diversification into LNG (MLPL), EVs (3EV), battery manufacturing (IBC India), and a planned 1,000 TPD CBG plant.
The presentation signals steady volume growth but near-term margin pressure from higher gas costs. Long-term outlook remains strong on the back of industry CAGR of 13.7% and CGD volumes expected to reach 103 MMSCMD by 2030, supporting the stock's defensive appeal despite mixed FY25 margin trends.