MAHANAGAR GAS Latest Share Price (MGL)
TODAY IN ONE LINE
MGL is little changed at ₹1042.80 on light volume — a quiet consolidation day, supported by recent strong earnings.
With a market cap of ₹10,309.93 Cr., it trades at a P/E of 14.41. 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
- ●Quarterly OutperformanceLatest quarter Sales up 15.1% and Profit up 48.6%
- ●Reasonable ValuationTrading at a moderate P/E of 13.7x
- ●Steady Dividend YieldReliable 2.87% dividend yield
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.00x
- ●Promoter BuyingPromoters increased holdings by 32.50% 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 valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for MAHANAGAR GAS, framed against the sector median so the premium or discount is obvious at a glance.
MAHANAGAR GAS trades at a P/E of 14.41× and P/B of 1.60×, against the Oil Gas & Consumable Fuels sector median P/E of 10.32×.
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 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 — derived from the latest tape, not yesterday's close.
MAHANAGAR GAS last traded at ₹1,042.8 with an intraday range of ₹1,032.5–₹1,052 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹1042.80| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 1091.37 | +48.57 | +4.66% |
| R3 | 1071.87 | +29.07 | +2.79% |
| R2 | 1061.93 | +19.13 | +1.83% |
| R1 | 1052.37 | +9.57 | +0.92% |
| PIVOT | 1042.43 | -0.37 | -0.04% |
| CURRENT | 1042.80 | — | — |
| S1 | 1032.87 | -9.93 | -0.95% |
| S2 | 1022.93 | -19.87 | -1.91% |
| S3 | 1013.37 | -29.43 | -2.82% |
| S4 | 993.87 | -48.93 | -4.69% |
MGL is trading Above CPR, indicating Bullishness
CPR is Narrower, suggesting likely for trending moves
Day's range: ₹1032.5–₹1050
Trading Inside opening range
MAHANAGAR GAS financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for MAHANAGAR GAS — consolidated or standalone — with margins, YoY growth and key ratios inline.
MAHANAGAR GAS reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹10,309.93 Cr. and reported EPS of ₹19.54.
| Metric | Mar 2026 | May 2026 |
|---|---|---|
| Revenue from Operations | 9,065 | 9,065 ▲ 0.0% |
| Sales Growth YoY %Derived | 13.61% | 13.61% |
| Other Income | 120 | 120 ▲ 0.0% |
| Total Income | 9,185 | 9,185 ▲ 0.0% |
| 5,636 | 5,636 ▲ 0.0% | |
| Gross ProfitDerived | 3,429 | 3,429 ▲ 0.0% |
| Gross Margin %Derived | 37.83% | 37.83% |
| 1,979 | 1,979 ▲ 0.0% | |
| EBITDA (Operating Profit)Derived | 1,451 | 1,451 ▲ 0.0% |
| OPM %Derived | 16.00% | 16.00% |
| 431 | 431 ▲ 0.0% | |
| Profit Before Tax (PBT) | 1,140 | 1,140 ▲ 0.0% |
| 294 | 294 ▲ 0.0% | |
| Effective Tax %Derived | 25.80% | 25.80% |
| Total Profit for Period | 841 | 841 ▲ 0.0% |
| Less: Non-controlling Interests | -1 | -1 ▲ 0.0% |
| Net Profit (Owner's PAT)Derived | 841 | 841 ▲ 0.0% |
| Net Profit Margin %Derived | 9.28% | 9.28% |
| PAT Growth YoY %Derived | -19.16% | -19.16% |
| Earnings Per Share (EPS ₹) | 85.16 | 85.16 ▲ 0.0% |
| Diluted Shares Outstanding (Cr) | 10 | 10 ▲ 0.0% |
| Share of Profit from Associates/JVs | -5 | -5 ▲ 0.0% |
| Other Comprehensive Income (Net of Tax) | 5 | 5 ▲ 0.0% |
| Total Expenses (incl. D&A & Interest) | 8,046 | 8,046 ▲ 0.0% |
| Material Cost % of RevenueDerived | 62.18% | 62.18% |
| Employee Cost % of RevenueDerived | 1.95% | 1.95% |
| Other Cost % of RevenueDerived | 19.88% | 19.88% |
| Interest Coverage (x)Derived | 49.65x | 49.65x |
| Period | Mar 2024 | May 2024 | Mar 2025 | May 2025 | Mar 2026 | May 2026 | Trend |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 6,914 | 6,914 ▲ 0.0% | 7,979 ▲ 15.4% | 7,979 ▲ 0.0% | 9,065 ▲ 13.6% | 9,065 ▲ 0.0% | |
| Sales Growth YoY %Derived | — | — | 15.40% | 15.40% | 13.61% | 13.61% | |
| Other Income | 175 | 175 ▲ 0.0% | 167 ▼ 4.7% | 167 ▲ 0.0% | 120 ▼ 28.0% | 120 ▲ 0.0% | |
| Total Income | 7,089 | 7,089 ▲ 0.0% | 8,146 ▲ 14.9% | 8,146 ▲ 0.0% | 9,185 ▲ 12.8% | 9,185 ▲ 0.0% | |
3,646 | 3,646 ▲ 0.0% | 4,680 ▲ 28.4% | 4,680 ▲ 0.0% | 5,636 ▲ 20.4% | 5,636 ▲ 0.0% | ||
| Gross ProfitDerived | 3,269 | 3,269 ▲ 0.0% | 3,299 ▲ 0.9% | 3,299 ▲ 0.0% | 3,429 ▲ 3.9% | 3,429 ▲ 0.0% | |
| Gross Margin %Derived | 47.27% | 47.27% | 41.35% | 41.35% | 37.83% | 37.83% | |
1,425 | 1,425 ▲ 0.0% | 1,729 ▲ 21.4% | 1,729 ▲ 0.0% | 1,979 ▲ 14.4% | 1,979 ▲ 0.0% | ||
| EBITDA (Operating Profit)Derived | 1,844 | 1,844 ▲ 0.0% | 1,570 ▼ 14.9% | 1,570 ▲ 0.0% | 1,451 ▼ 7.6% | 1,451 ▲ 0.0% | |
| OPM %Derived | 26.67% | 26.67% | 19.68% | 19.68% | 16.00% | 16.00% | |
297 | 297 ▲ 0.0% | 365 ▲ 22.9% | 365 ▲ 0.0% | 431 ▲ 18.0% | 431 ▲ 0.0% | ||
| Profit Before Tax (PBT) | 1,722 | 1,722 ▲ 0.0% | 1,370 ▼ 20.4% | 1,370 ▲ 0.0% | 1,140 ▼ 16.8% | 1,140 ▲ 0.0% | |
445 | 445 ▲ 0.0% | 329 ▼ 26.1% | 329 ▲ 0.0% | 294 ▼ 10.7% | 294 ▲ 0.0% | ||
| Effective Tax %Derived | 25.86% | 25.86% | 24.03% | 24.03% | 25.80% | 25.80% | |
| Total Profit for Period | 1,276 | 1,276 ▲ 0.0% | 1,040 ▼ 18.5% | 1,040 ▲ 0.0% | 841 ▼ 19.2% | 841 ▲ 0.0% | |
| Less: Non-controlling Interests | — | — | -0 | -0 ▲ 0.0% | -1 ▼ 408.3% | -1 ▲ 0.0% | |
| Net Profit (Owner's PAT)Derived | 1,276 | 1,276 ▲ 0.0% | 1,041 ▼ 18.5% | 1,041 ▲ 0.0% | 841 ▼ 19.2% | 841 ▲ 0.0% | |
| Net Profit Margin %Derived | 18.46% | 18.46% | 13.04% | 13.04% | 9.28% | 9.28% | |
| PAT Growth YoY %Derived | — | — | -18.47% | -18.47% | -19.16% | -19.16% | |
| Earnings Per Share (EPS ₹) | 129.22 | 129.22 ▲ 0.0% | 105.34 ▼ 18.5% | 105.34 ▲ 0.0% | 85.16 ▼ 19.2% | 85.16 ▲ 0.0% | |
| Diluted Shares Outstanding (Cr) | 10 | 10 ▲ 0.0% | 10 ▲ 0.0% | 10 ▲ 0.0% | 10 ▲ 0.0% | 10 ▲ 0.0% | |
| Share of Profit from Associates/JVs | — | — | — | — | -5 | -5 ▲ 0.0% | |
| Other Comprehensive Income (Net of Tax) | -4 | -4 ▲ 0.0% | -2 ▲ 38.9% | -2 ▲ 0.0% | 5 ▲ 325.0% | 5 ▲ 0.0% | |
| Total Expenses (incl. D&A & Interest) | 5,368 | 5,368 ▲ 0.0% | 6,776 ▲ 26.2% | 6,776 ▲ 0.0% | 8,046 ▲ 18.7% | 8,046 ▲ 0.0% | |
| Material Cost % of RevenueDerived | 52.72% | 52.72% | 58.66% | 58.66% | 62.18% | 62.18% | |
| Employee Cost % of RevenueDerived | 1.73% | 1.73% | 1.84% | 1.84% | 1.95% | 1.95% | |
| Other Cost % of RevenueDerived | 18.88% | 18.88% | 19.83% | 19.83% | 19.88% | 19.88% | |
| Interest Coverage (x)Derived | 117.30x | 117.30x | 86.62x | 86.62x | 49.65x | 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.
Our AI distills the core fundamental drivers supporting MAHANAGAR GAS, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
MAHANAGAR GAS's investment case rests on 0 positive markers and 1 flagged concerns drawn from the latest reported filings.
What you're getting.
No strengths or opportunities on record.
Key Risks.
SWOT generation temporarily unavailable due to model error. The security token included in the request is invalid.
Flip Conditions.
Valuation risk. a P/E above 19 (~1.8× the sector multiple of 10.3) 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 8% would indicate weaker capital compounding.
Income thesis breaks if the dividend is cut or yield falls below 1.44%.
MAHANAGAR GAS peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — MAHANAGAR GAS is highlighted for quick read-across.
Quick Compare
MAHANAGAR GAS chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for MAHANAGAR GAS — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
MAHANAGAR GAS delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for MAHANAGAR GAS over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in MAHANAGAR GAS stood at 57.8% of traded volume, against a 20-day average of 53.4%.
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 131 documents below.
Certificate under SEBI (Depositories and Participants) Regulations, 2018
Mahanagar Gas Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Analysts/Institutional Investor Meet/Con. Call Updates
Mahanagar Gas Limited has informed the Exchange about Schedule of meet
Trading Window
Mahanagar Gas Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations,…
Analysts/Institutional Investor Meet/Con. Call Updates
Mahanagar Gas Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
Mahanagar Gas Limited has informed the Exchange about Schedule of meet
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: business, sector, key facts.
What MAHANAGAR GAS does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
MAHANAGAR GAS 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.
Related
Peers, sector trends, screeners and strategy playbooks contextual to this stock.
- ADANI TOTAL GAS (ATGL) Share PricePeer
- CONFIDENCE PETRO IND (CONFIPET) Share PricePeer
- GUJARAT ENERGY (GUJENERGY) Share PricePeer
- INDRAPRASTHA GAS (IGL) Share PricePeer
- IRM ENERGY (IRMENERGY) Share PricePeer
- Top Gainers TodayScreener
- EMA Crossover ScreenerScreener
- Stock Quality ScorecardScreener
- Technical DashboardScreener
- Results CalendarScreener
- FII Buying ActivityScreener
- All Technical ScreenersScreener
- All Trading StrategiesStrategy
Questions investors ask about MAHANAGAR GAS (MGL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of MAHANAGAR GAS (MGL)?
The current share price of MAHANAGAR GAS (MGL) is ₹1,042.80. Today, the stock has declined by ₹1.10 (0.11%), trading in a range of ₹1,032.50 to ₹1,052.00. The stock opened at ₹1,046.00 with a trading volume of 1,37,813 shares.
02Is MAHANAGAR GAS stock a good investment for long-term?
MAHANAGAR GAS can be considered for long-term investment based on several factors. The company has a market capitalization of ₹10,309.93 Cr., P/E ratio of 14.41, ROE of 13.24%, and ROCE of 13.51%. The dividend yield stands at 2.87%. 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 stock?
The 52-week high price of MAHANAGAR GAS (MGL) is ₹1,329.00, while the 52-week low is ₹900.00. Currently trading at ₹1,042.80, the stock is 15.87% above its 52-week low and 21.53% 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 stock at the current price?
Whether to buy MAHANAGAR GAS stock at ₹1,042.80 depends on multiple factors. The stock is currently trading with a P/E ratio of 14.41 and P/B ratio of 1.6. Today's performance shows a loss of 0.11%. 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 and when is the next dividend?
MAHANAGAR GAS offers a dividend yield of 2.87%, which means for every ₹100 invested at the current price of ₹1,042.80, you can expect to receive approximately ₹2.87 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?
MAHANAGAR GAS's key financial metrics include: P/E Ratio: 14.41, P/B Ratio: 1.6, ROE: 13.24%, ROCE: 13.51%, Dividend Yield: 2.87%, EPS: ₹19.54, Book Value: ₹652.13, and Debt-to-Equity: 0. The company's market cap stands at ₹10,309.93 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is MAHANAGAR GAS stock performing today in the market?
MAHANAGAR GAS stock opened at ₹1,046.00 and is currently trading at ₹1,042.80, showing a decline of ₹1.10 (0.11%). The intraday high is ₹1,052.00 and low is ₹1,032.50. The trading volume stands at 1,37,813 shares, indicating moderate market participation today.
08What is the P/E ratio of MAHANAGAR GAS and what does it indicate?
MAHANAGAR GAS has a Price-to-Earnings (P/E) ratio of 14.41, which means investors are willing to pay 14.41 for every ₹1 of earnings. With an EPS of ₹19.54, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about MAHANAGAR GAS (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.