About Unison Enviro
Unison Enviro builds and operates gas distribution network. It offers gas distribution infrastructure for the supply of Piped Natural Gas (PNG) to domestic, commercial & industrial consumers and Compressed Natural Gas (CNG) for vehicles. It is engaged in supplying natural gas to domestic, commercial and transportation sector. The company was founded in 2015 and is based in Nashik, India. In March 2023, Unison Enviro was acquired by Mahanagar Gas.96M.
Latest Unison Enviro News
Sep 8, 2023
Unison Enviro Pvt Ltd.’s acquisition to support volume growth from FY25. 08 Sep 2023, 12:15 PM IST 08 Sep 2023, 12:15 PM IST WhatsApp (Source: Mahanagar Gas website) BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. HDFC Securities Institutional Equities Mahanagar Gas Ltd.'s stock price has corrected ~12% from the highs of August 2023 owing to weaker-than-expected volume growth. However, we expect the implementation of Kirit Parikh Committee recommendations from April 2023 and a decline in input gas costs to improve Mahanagar Gas’ volume growth. Additionally, with the rise in crude oil prices sequentially, the risk of compressed natural gas price discount to petrol and diesel prices narrowing has declined. The company’s acquisition of Unison Enviro Pvt Ltd.’s three geographical areas should also add to its overall volume growth. At the current price, Mahanagar Gas’ valuation at 9.8 times September-24E earnings per share, a ~24% discount to its five-year average multiple of 12.9 times, remains attractive and provides favorable risk-reward as current market price implies only 2.5% volume growth. We, therefore, upgrade our recommendation on Mahanagar Gas to a 'Buy' with a target price of Rs 1,210/share. Click on the attachment to read the full report: HDFC Securities Institutional Equities Mahanagar Gas - Update.pdf View Document
Unison Enviro Frequently Asked Questions (FAQ)
When was Unison Enviro founded?
Unison Enviro was founded in 2015.
Where is Unison Enviro's headquarters?
Unison Enviro's headquarters is located at Ashoka Marg, Ashoka Nagar, Nashik.
What is Unison Enviro's latest funding round?
Unison Enviro's latest funding round is Acquired.
How much did Unison Enviro raise?
Unison Enviro raised a total of $21M.
Who are the investors of Unison Enviro?
Investors of Unison Enviro include Mahanagar Gas and Morgan Stanley.