Mahanagar Gas Latest Share Price (MGL)
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MGL rose 1.3% on light volume, outperforming Nifty's -0.5% move.
With a market cap of ₹11,014.71 Cr., it trades at a P/E of 15.21. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
Mahanagar Gas flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●High Capital EfficiencyROCE of 18.1% indicating pricing power
- ●Healthy Operating MarginsOPM is structurally strong at 17.5%
- ●Reasonable ValuationTrading at a moderate P/E of 13.7x
- ●Steady Dividend YieldReliable 2.67% dividend yield
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.03x
- ●FII AccumulationFII holding increased by 1.72% QoQ
- ●Positive Free Cash FlowFCF has been positive for 3 consecutive years
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Earnings DeclineEPS (TTM) has contracted by 47.4% YoY
- ●Rising Receivables vs SalesReceivables grew 23.1% outpacing sales growth of 15.4%
Latest Mahanagar Gas News
What changed recently?
Recent events, corporate actions, and announcements.
Mahanagar Gas Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Mahanagar Gas Limited, framed against the sector median so the premium or discount is obvious at a glance.
Mahanagar Gas Limited trades at a P/E of 15.21× and P/B of 1.69×, against the Oil Gas & Consumable Fuels sector median P/E of 11.10×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
Mahanagar Gas Limited technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for Mahanagar Gas Limited — derived from the latest tape, not yesterday's close.
Mahanagar Gas Limited last traded at ₹1,115.3 with an intraday range of ₹1,102.1–₹1,119 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹1115.30| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 1155.97 | +40.67 | +3.65% |
| R3 | 1139.07 | +23.77 | +2.13% |
| R2 | 1129.03 | +13.73 | +1.23% |
| R1 | 1122.17 | +6.87 | +0.62% |
| PIVOT | 1112.13 | -3.17 | -0.28% |
| CURRENT | 1115.30 | — | — |
| S1 | 1105.27 | -10.03 | -0.90% |
| S2 | 1095.23 | -20.07 | -1.80% |
| S3 | 1088.37 | -26.93 | -2.41% |
| S4 | 1071.47 | -43.83 | -3.93% |
MGL is trading Above CPR, indicating Bullishness
CPR is Average
Day's range: ₹1102.1–₹1113.8
Trading Inside opening range
Mahanagar Gas Limited financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for Mahanagar Gas Limited — consolidated or standalone — with margins, YoY growth and key ratios inline.
Mahanagar Gas Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹11,014.71 Cr. and reported EPS of ₹87.35.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 7,979 | 9,065 ▲ 13.6% |
| Sales Growth YoY %Derived | 15.40% | 13.61% |
| Other Income | 167 | 120 ▼ 28.0% |
| Total Income | 8,146 | 9,185 ▲ 12.8% |
| 4,680 | 5,636 ▲ 20.4% | |
| Gross ProfitDerived | 3,299 | 3,429 ▲ 3.9% |
| Gross Margin %Derived | 41.35% | 37.83% |
| 1,729 | 1,979 ▲ 14.4% | |
| EBITDA (Operating Profit)Derived | 1,570 | 1,451 ▼ 7.6% |
| OPM %Derived | 19.68% | 16.00% |
| 365 | 431 ▲ 18.0% | |
| Profit Before Tax (PBT) | 1,370 | 1,140 ▼ 16.8% |
| 329 | 294 ▼ 10.7% | |
| Effective Tax %Derived | 24.03% | 25.80% |
| Total Profit for Period | 1,040 | 841 ▼ 19.2% |
| Less: Non-controlling Interests | -0 | -1 ▼ 408.3% |
| Net Profit (Owner's PAT)Derived | 1,041 | 841 ▼ 19.2% |
| Net Profit Margin %Derived | 13.04% | 9.28% |
| PAT Growth YoY %Derived | -18.47% | -19.16% |
| Earnings Per Share (EPS ₹) | 105.34 | 85.16 ▼ 19.2% |
| Diluted Shares Outstanding (Cr) | 10 | 10 ▲ 0.0% |
| Share of Profit from Associates/JVs | — | -5 |
| Other Comprehensive Income (Net of Tax) | -2 | 5 ▲ 325.0% |
| Total Expenses (incl. D&A & Interest) | 6,776 | 8,046 ▲ 18.7% |
| Material Cost % of RevenueDerived | 58.66% | 62.18% |
| Employee Cost % of RevenueDerived | 1.84% | 1.95% |
| Other Cost % of RevenueDerived | 19.83% | 19.88% |
| Interest Coverage (x)Derived | 86.62x | 49.65x |
| Period | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|
| Revenue from Operations | 6,914 | 7,979 ▲ 15.4% | 9,065 ▲ 13.6% | |
| Sales Growth YoY %Derived | — | 15.40% | 13.61% | |
| Other Income | 175 | 167 ▼ 4.7% | 120 ▼ 28.0% | |
| Total Income | 7,089 | 8,146 ▲ 14.9% | 9,185 ▲ 12.8% | |
3,646 | 4,680 ▲ 28.4% | 5,636 ▲ 20.4% | ||
| Gross ProfitDerived | 3,269 | 3,299 ▲ 0.9% | 3,429 ▲ 3.9% | |
| Gross Margin %Derived | 47.27% | 41.35% | 37.83% | |
1,425 | 1,729 ▲ 21.4% | 1,979 ▲ 14.4% | ||
| EBITDA (Operating Profit)Derived | 1,844 | 1,570 ▼ 14.9% | 1,451 ▼ 7.6% | |
| OPM %Derived | 26.67% | 19.68% | 16.00% | |
297 | 365 ▲ 22.9% | 431 ▲ 18.0% | ||
| Profit Before Tax (PBT) | 1,722 | 1,370 ▼ 20.4% | 1,140 ▼ 16.8% | |
445 | 329 ▼ 26.1% | 294 ▼ 10.7% | ||
| Effective Tax %Derived | 25.86% | 24.03% | 25.80% | |
| Total Profit for Period | 1,276 | 1,040 ▼ 18.5% | 841 ▼ 19.2% | |
| Less: Non-controlling Interests | — | -0 | -1 ▼ 408.3% | |
| Net Profit (Owner's PAT)Derived | 1,276 | 1,041 ▼ 18.5% | 841 ▼ 19.2% | |
| Net Profit Margin %Derived | 18.46% | 13.04% | 9.28% | |
| PAT Growth YoY %Derived | — | -18.47% | -19.16% | |
| Earnings Per Share (EPS ₹) | 129.22 | 105.34 ▼ 18.5% | 85.16 ▼ 19.2% | |
| Diluted Shares Outstanding (Cr) | 10 | 10 ▲ 0.0% | 10 ▲ 0.0% | |
| Share of Profit from Associates/JVs | — | — | -5 | |
| Other Comprehensive Income (Net of Tax) | -4 | -2 ▲ 38.9% | 5 ▲ 325.0% | |
| Total Expenses (incl. D&A & Interest) | 5,368 | 6,776 ▲ 26.2% | 8,046 ▲ 18.7% | |
| Material Cost % of RevenueDerived | 52.72% | 58.66% | 62.18% | |
| Employee Cost % of RevenueDerived | 1.73% | 1.84% | 1.95% | |
| Other Cost % of RevenueDerived | 18.88% | 19.83% | 19.88% | |
| Interest Coverage (x)Derived | 117.30x | 86.62x | 49.65x |
Mahanagar Gas segment analysis : revenue and profit mix.
Disclosed business segments at Mahanagar Gas with their share of revenue and profit, switchable between consolidated and standalone reporting.
Mahanagar Gas discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for Mahanagar Gas Limited.
Our AI distills the core fundamental drivers supporting Mahanagar Gas Limited, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
Mahanagar Gas Limited's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Debt-to-equity 0.0003x ensures exceptional financial resilience and flexibility.
Operating margin 12.62% TTM substantially outperforms sector peers in profitability.
ROCE 18.10% exceeds peer benchmarks, signaling durable competitive advantage.
Stable promoter holding 32.5% reduces governance risk and ensures alignment.
ROE 13.70% outperforms sector median, demonstrating efficient capital deployment.
Key Risks.
Latest quarterly EPS declined 47.4% YoY despite revenue growth, signaling earnings pressure.
FII holdings fell to 25.75%, reflecting foreign investor caution and confidence erosion.
52-week volatility between ₹900–₹1,562 creates significant price risk for traders.
Net cash flow negative ₹95.12 Cr in FY2026, indicating capex intensity straining liquidity.
Quarterly profit variance negative 47.40%, showing earnings volatility and margin compression.
Flip Conditions.
Valuation risk. a P/E above 20 (~1.8× the sector multiple of 11.1) would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Return-quality risk. ROE below 9% would indicate weaker capital compounding.
Income thesis breaks if the dividend is cut or yield falls below 1.33%.
Mahanagar Gas Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Mahanagar Gas Limited is highlighted for quick read-across.
Quick Compare
Mahanagar Gas Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Mahanagar Gas Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Mahanagar Gas Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Mahanagar Gas Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Mahanagar Gas Limited stood at 44.7% of traded volume, against a 20-day average of 52.4%.
Mahanagar Gas announcements: results, concalls, ratings, M&A.
Filings Mahanagar Gas sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Mahanagar Gas files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 123 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
Mahanagar Gas Limited has informed the Exchange about Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
Mahanagar Gas Limited has informed the Exchange about Schedule of meet
Copy of Newspaper Publication
Mahanagar Gas Limited has informed the Exchange about Copy of Newspaper Publication
Shareholders meeting
Mahanagar Gas Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 25, 2026
General Updates
Mahanagar Gas Limited has informed the Exchange about General Updates-Letter sent to Shareholders whose email address are not registered.
Investor decks & rating reports.
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Mahanagar Gas dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Mahanagar Gas has declared, sequenced by announce and record date.
Mahanagar Gas corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Mahanagar Gas Limited: business, sector, key facts.
What Mahanagar Gas Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Mahanagar Gas Limited operates in the LPG/CNG/PNG/LNG Supplier industry under the Oil Gas & Consumable Fuels sector, listed as NSE: MGL, BSE: 539957.
Mahanagar Gas Limited (MGL) is a prominent natural gas distribution company operating within India. Its core business revolves around supplying natural gas to a diverse range of consumers across various sectors. This includes residential customers, for whom MGL provides piped natural gas (PNG) for cooking and water heating; the company also extends its PNG services to institutions like nursing homes, flight kitchens, and religious sites.
Beyond the residential sector, MGL caters to a substantial commercial clientele. This includes hospitals, hotels, restaurants, and charitable trusts, all of whom rely on MGL's PNG supply for their operational needs. Furthermore, MGL extends its services to a wide array of industries, providing PNG to sectors as diverse as metals, pharmaceuticals, printing and dyeing, food and beverages, oil mills, fast-moving consumer goods (FMCG) manufacturers, power generation facilities, and air-conditioning systems.
A significant aspect of MGL's business is its provision of compressed natural gas (CNG) to the transportation sector. The company operates an extensive network to facilitate this, encompassing 348 CNG filling stations equipped with a total of 2,152 dispensing points. To support its CNG operations and broader gas distribution network, MGL maintains an impressive infrastructure including 608 kilometers of steel pipeline and 6446 kilometers of polyethylene pipeline.
MGL's offerings extend beyond PNG and CNG. The company also supplies liquefied natural gas (LNG) to heavy motor vehicles, demonstrating its commitment to serving diverse transportation needs. In addition to its core gas distribution activities, MGL is engaged in the sale of pipes and fittings, crucial components for the construction and maintenance of its extensive pipeline infrastructure. This diversification strategy strengthens its position within the market and enhances its overall operational efficiency.
Established in 1995 and headquartered in Mumbai, MGL's substantial infrastructure and broad range of services contribute to its leading role in India's natural gas distribution market. The company’s diversified customer base, spanning residential, commercial, and industrial sectors, ensures a relatively stable and robust revenue stream. The ongoing expansion of its network and diversification of its product and service offerings point towards continued growth and success for MGL.
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Questions investors ask about Mahanagar Gas Limited (MGL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Mahanagar Gas Limited (MGL)?
The current share price of Mahanagar Gas Limited (MGL) is ₹1,115.30. Today, the stock has gained by ₹13.90 (1.26%), trading in a range of ₹1,102.10 to ₹1,119.00. The stock opened at ₹1,102.10 with a trading volume of 93,375 shares.
02Is Mahanagar Gas Limited stock a good investment for long-term?
Mahanagar Gas Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹11,014.71 Cr., P/E ratio of 15.21, ROE of 13.7%, and ROCE of 18.1%. The dividend yield stands at 2.67%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Mahanagar Gas Limited stock?
The 52-week high price of Mahanagar Gas Limited (MGL) is ₹1,378.00, while the 52-week low is ₹900.00. Currently trading at ₹1,115.30, the stock is 23.92% above its 52-week low and 19.06% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Mahanagar Gas Limited stock at the current price?
Whether to buy Mahanagar Gas Limited stock at ₹1,115.30 depends on multiple factors. The stock is currently trading with a P/E ratio of 15.21 and P/B ratio of 1.69. Today's performance shows a gain of 1.26%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Mahanagar Gas Limited and when is the next dividend?
Mahanagar Gas Limited offers a dividend yield of 2.67%, which means for every ₹100 invested at the current price of ₹1,115.30, you can expect to receive approximately ₹2.67 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Mahanagar Gas Limited?
Mahanagar Gas Limited's key financial metrics include: P/E Ratio: 15.21, P/B Ratio: 1.69, ROE: 13.7%, ROCE: 18.1%, Dividend Yield: 2.67%, EPS: ₹87.35, Book Value: ₹650.70, and Debt-to-Equity: 0.03. The company's market cap stands at ₹11,014.71 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Mahanagar Gas Limited stock performing today in the market?
Mahanagar Gas Limited stock opened at ₹1,102.10 and is currently trading at ₹1,115.30, showing a gain of ₹13.90 (1.26%). The intraday high is ₹1,119.00 and low is ₹1,102.10. The trading volume stands at 93,375 shares, indicating moderate market participation today.
08What is the P/E ratio of Mahanagar Gas Limited and what does it indicate?
Mahanagar Gas Limited has a Price-to-Earnings (P/E) ratio of 15.21, which means investors are willing to pay 15.21 for every ₹1 of earnings. With an EPS of ₹87.35, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Mahanagar Gas Limited (MGL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.