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Mahanagar Gas Ltd

Mahanagar Gas

Mid Cap•579 Employees•IPO 2016
Current Price
₹1207.30
-12.5 (-1.02%)Updated
NSE :MGL
BSE :539957
Sector :Gas Utilities
Valuation vs Sector
P/E Ratio
12.41vs 10.36
P/B Ratio
1.91vs 1.67
Div Yield
2.72%vs 2.11%
Today's Range
₹1185.00
₹1207.30
union icon
₹1227.00
52 Week Range
52W Low₹1018.60
52W High₹1586.90
₹1207.30
union icon
Downside18.53%
Upside31.44%
chart iconChart

Price Chart

Compare with Peers

Historical Ratios

Track top 12 most important financial ratios

P/E Ratio: Price to Earnings - Most used valuation metric

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Analyzing Investment Quality

Processing 9 key metrics...

Key Metrics

Hover for details

Valuation

Market Cap
₹10,947.05 Cr
Market Cap
Total market value of company
P/E Ratio
11.38
P/E Ratio
Price to Earnings. Lower is generally better (<25 is good)
P/B Ratio
2.06
P/B Ratio
Price to Book Value. <3 may indicate undervaluation
EPS
₹96.93
EPS
Earnings Per Share. Higher and growing is positive

Profitability

ROE
7.25%
ROE
Return on Equity. >15% is good, >20% is excellent
ROCE
22.70%
ROCE
Return on Capital Employed. >15% is good
Net Margin
10.69%
Net Margin
Net profit as % of revenue. >10% is good
Operating Margin
-%
Operating Margin
Operating profit margin. >15% is good

Growth

EPS Growth (5Y)
5.62%
EPS Growth (5Y)
5-year EPS growth. >15% is strong
Revenue Growth (5Y)
19.63%
Revenue Growth (5Y)
5-year revenue growth. >10% is good
Qtr Sales Growth
25.00%
Qtr Sales Growth
Quarter-over-quarter sales growth
Qtr Profit Growth
10.10%
Qtr Profit Growth
Quarter-over-quarter profit growth

Financial Health

Debt/Equity
0.03
Debt/Equity
Financial leverage. <1 is good, <0.5 is excellent
Book Value
₹595.29
Book Value
Net asset value per share
Dividend Yield
2.72%
Dividend Yield
Annual dividend as % of price. >2% is good
Promoter Holding
32.50%
Promoter Holding
Promoter stake. >50% shows confidence
Good
Average
Needs Attention

SWOT Analysis

Strengths

5 points
  • •MGL exhibits a robust Return on Equity (ROE) of 17.70% and Return on Capital Employed (ROCE) of 22.70%, signifying efficient capital utilization and strong profitability. This indicates effective asset management and high returns on investments for shareholders.
  • •The company boasts a very low debt-to-equity ratio of 0.03, suggesting a financially stable position with minimal reliance on debt financing. This strong balance sheet enhances MGL's resilience against economic downturns and financial risks.

Weaknesses

4 points
  • •Promoter holding in MGL stands at 32.50%, which is relatively low compared to some industry peers. This lower promoter stake might raise concerns about potential corporate governance issues or future share dilutions for investors.
  • •MGL's stock price has experienced significant volatility, with a 52-week high of ₹1989 and a low of ₹1075. This wide price fluctuation indicates market uncertainty and potential investment risk for short-term investors.

Opportunities

4 points
  • •As an LPG/CNG/PNG/LNG supplier, MGL is well-positioned to benefit from the increasing demand for cleaner and more affordable energy sources. Government initiatives promoting gas-based economies will drive future growth.
  • •The "Oil Gas & Consumable Fuels" sector offers significant opportunities for infrastructure expansion, particularly in city gas distribution. MGL can capitalize on new geographical licenses and network development to boost sales.

Threats

4 points
  • •MGL operates in a competitive landscape with major players like Adani Total Gas, Gujarat Gas, and Indraprastha Gas. Aggressive expansion by rivals could impact MGL's market share and profitability in key regions.
  • •Changes in government policies regarding gas pricing, distribution, and environmental regulations pose a significant threat. Unfavorable policy shifts could impact MGL's operational costs and revenue streams.

Segment-wise Financial Analysis

Financial Results

Balance Sheet

Standalone • Annual • All amounts in ₹ Crores • CA Schedule III Format

No Balance Sheet Data Available

Standalone annual data is not available for this symbol.
Try switching to Consolidated view.

Shareholding Pattern

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Company Insider Trading Activity

No insider trading data available

Corporate Action

Company Announcements

Technical Analysis & Indicators

Standard pivot points - most widely used

Pivot Points (CLASSIC)

LevelPriceDistance% Change
R4₹1311.87+₹104.57+8.66%
R3₹1269.87+₹62.57+5.18%
R2₹1248.43+₹41.13+3.41%
R1₹1227.87+₹20.57+1.70%
PIVOT₹1206.43-0.87-0.07%
CURRENT₹1207.30--
S1₹1101.87-₹105.43-8.73%
S2₹1143.87-₹63.43-5.25%
S3₹1164.43-₹42.87-3.55%
S4₹1185.87-₹21.43-1.78%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: N/AP: N/ATC: N/A
R1
R2
R3
R4
indicator
LTP: N/A
PDH: N/A
PDL: N/A
● Market Sentiment

is trading CPR, indicating

● CPR Width

CPR is

● Opening Range

Day's range: ~

● Price Position

Trading Inside opening range

Delivery Volume Analysis & Trading Activity

Latest Volume
3.34L
(02 Mar 2026)
+23.2% vs avg
Delivery %
54.0%
(02 Mar 2026)
+5.7% vs avg
Avg Volume (20D)
2.71L
(03 Feb - 02 Mar)
20-day average
Avg Delivery %
48.3%
(03 Feb - 02 Mar)
Trend ↑
Delivery % indicates the percentage of traded volume that resulted in actual delivery. Higher delivery % (>50%) suggests genuine buying interest and stronger hands.

Peer Comparison & Industry Benchmarking

Quick Compare

Largest by Market Cap
GAIL (India) Ltd
1.09L ₹ Cr
Best Profit Growth
Gujarat Gas Ltd
-0.93 %
Highest Dividend Yield
GAIL (India) Ltd
4.64 %

Peer Comparison

Company Name
ATGL
Adani Total Gas Ltd
GAIL
GAIL (India) Ltd
GSPL
Gujarat State Petronet Ltd
GUJGASLTD
Gujarat Gas Ltd
IGL
Indraprastha Gas Ltd
IRMENERGY
IRM Energy Ltd

About

MGL

Mahanagar Gas Ltd

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.

COMPANY FACTS - MGL

Registered Address

MGL House,G-33 Block,, Bandra-Kurla Complex,, Bandra (East)

Mumbai

MAHARASHTRA

IN

Tel: 912266785000

Website:https://www.mahanagargas.com/

Investor Relations:https://www.mahanagargas.com/investors/annual-reports.aspx
Company Details

Group: Utilities

Sector: Utilities

Industry: Gas Utilities

Exchange: NATIONAL STOCK EXCHANGE OF INDIA

Employees: 579

IPO Date: 01/07/2016

MANAGEMENT - MGL

Shri. Sandeep Gupta

Non-Executive Non-Independent Chairman of the Board

Mr. Rajesh Patel

Chief Financial Officer, Vice President - Finance and R&T

Mr. Atul Prabhu

Company Secretary and Compliance Officer

Mr. Ashu Shinghal

Managing Director, Executive Director

Mr. Ajay Sinha

Deputy Managing Director, Additional Director

Dr. Ponnusamy Anbalagan

Non-Executive Non-Independent Nominee Director

Mr. Harish Agarwal

Non-Executive Independent Director

Mr. Mahesh Gupta

Non-Executive Independent Director

Shri. Pankaj Kuchhal

Additional Non-Executive Independent Director

Ms. Malvika Sinha

Non-Executive Independent Director

Investor Questions Answered

Mahanagar Gas Ltd (MGL) Stock FAQs

Get answers to the most common questions about Mahanagar Gas Ltd stock price, fundamentals, financial metrics, and investment analysis

The current share price of Mahanagar Gas Ltd (MGL) is ₹1,207.3. Today, the stock has declined by ₹12.50 (1.02%), trading in a range of ₹1,185 to ₹1,227. The stock opened at ₹1,185 with a trading volume of 3,33,797 shares.
Mahanagar Gas Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹10,947.05 crores, P/E ratio of 11.38, ROE of 7.25%, and ROCE of 22.70%. The dividend yield stands at 2.72%. 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.
The 52-week high price of Mahanagar Gas Ltd (MGL) is ₹1,586.9, while the 52-week low is ₹1,018.6. Currently trading at ₹1,207.3, the stock is 33.2% away from its 52-week low and 23.9% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
Whether to buy Mahanagar Gas Ltd stock at ₹1,207.3 depends on multiple factors. The stock is currently trading with a P/E ratio of 11.38 and P/B ratio of N/A. Today's performance shows a loss of 1.02%. 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.
Mahanagar Gas Ltd offers a dividend yield of 2.72%, which means for every ₹100 invested at the current price of ₹1,207.3, you can expect to receive approximately ₹2.72 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.
Mahanagar Gas Ltd's key financial metrics include: P/E Ratio: 11.38, P/B Ratio: N/A, ROE: 7.25%, ROCE: 22.70%, Dividend Yield: 2.72%, EPS: ₹96.93, Book Value: ₹595.29, Debt-to-Equity: 0.03, and Current Ratio: N/A. The company's market cap stands at ₹10,947.05 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
Mahanagar Gas Ltd stock opened at ₹1,185 and is currently trading at ₹1,207.3, showing a decline of ₹12.50 (1.02%). The intraday high is ₹1,227 and low is ₹1,185. The trading volume stands at 3,33,797 shares, indicating moderate market participation today.
Mahanagar Gas Ltd has a Price-to-Earnings (P/E) ratio of 11.38, which means investors are willing to pay ₹11.38 for every ₹1 of earnings. With an EPS of ₹96.93, 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.
Mahanagar Gas Ltd has a market capitalization of ₹10,947.05 crores, making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹1,207.3) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
Mahanagar Gas Ltd has a book value of ₹595.29 per share and a Price-to-Book (P/B) ratio of N/A. The current market price is ₹1,207.3, which is 102.8% above the book value. A P/B ratio below 1 may indicate undervaluation or asset quality concerns.
Mahanagar Gas Ltd has a Return on Equity (ROE) of 7.25% and Return on Capital Employed (ROCE) of 22.70%. ROE measures how efficiently the company generates profits from shareholders' equity, while ROCE indicates how well the company uses its capital to generate profits. These returns may need improvement for better profitability. Higher percentages generally indicate better financial performance.
Mahanagar Gas Ltd operates in the diversified sector and belongs to the general industry. The company competes with other players in this space and its performance is influenced by sector-specific trends, regulatory changes, and market dynamics. Understanding the sector helps investors assess growth potential, cyclical patterns, and industry-specific risks that may impact the stock's performance.
Mahanagar Gas Ltd has a debt-to-equity ratio of 0.03, which measures the company's financial leverage by comparing total debt to shareholders' equity. A low ratio suggests conservative financing with minimal debt. Lower ratios generally indicate lower financial risk, but optimal levels vary by industry.
Mahanagar Gas Ltd has an Earnings Per Share (EPS) of ₹96.93, which represents the company's profit allocated to each outstanding share. With a current stock price of ₹1,207.3 and P/E ratio of 11.38, investors are paying 11.38 times the annual earnings per share. This strong EPS indicates robust profitability. Track EPS growth over quarters to assess earnings momentum.
Mahanagar Gas Ltd has reported a sales growth of N/A% and profit growth of N/A%. The company may be facing growth challenges or operating in a mature market. Consistent growth over multiple quarters is a positive indicator for long-term investors. Compare these growth rates with industry peers for better perspective.
Mahanagar Gas Ltd has a current ratio of N/A, which measures the company's ability to pay short-term obligations with current assets. A ratio below 1 may indicate potential liquidity concerns. This metric is crucial for assessing the company's working capital management and financial safety.
To analyze Mahanagar Gas Ltd stock, consider: 1) Fundamental Analysis - Review P/E (11.38), ROE (7.25%), debt-to-equity (0.03), and growth rates. 2) Technical Analysis - Check 52-week range (₹1018.60 - ₹1586.90), moving averages, and chart patterns. 3) Valuation - Compare current price (₹1207.30) with book value (₹595.29) and industry peers. 4) Financial Health - Assess current ratio (N/A) and cash flows. 5) Growth Prospects - Evaluate sales growth (N/A%) and profit growth (N/A%). Always diversify and consult a financial advisor.
The face value (or par value) of Mahanagar Gas Ltd share is ₹10.00. Face value is the nominal value of a share as stated in the company's charter and is used for accounting purposes and calculating dividends. The current market price of ₹1,207.3 is 11973x the face value. Face value remains constant unless the company undergoes a stock split or bonus issue, while market price fluctuates based on demand and supply.
Investing in Mahanagar Gas Ltd carries several risks: 1) Market Risk - Stock price volatility (52-week range: ₹1018.60 - ₹1586.90). 2) Business Risk - Industry-specific challenges in the sector. 3) Financial Risk - Debt-to-equity ratio of 0.03 indicates leverage. 4) Liquidity Risk - Based on trading volume of 3,33,797 shares. 5) Valuation Risk - P/E of 11.38 may indicate over/undervaluation. 6) Economic Risk - Macroeconomic factors affecting the industry. Diversify your portfolio and invest only what you can afford to lose.
Mahanagar Gas Ltd operates in the industry with key metrics: P/E ratio of 11.38, ROE of 7.25%, market cap of ₹10,947.05 crores, and dividend yield of 2.72%. To make an informed comparison, analyze these metrics against industry peers considering factors like revenue growth (N/A%), profit margins, debt levels (D/E: 0.03), and market position. Use our peer comparison tool on this page to see detailed side-by-side analysis with competitors.
Target prices for Mahanagar Gas Ltd vary among analysts and depend on multiple factors including earnings projections, industry trends, and market conditions. The stock is currently trading at ₹1,207.3, with a 52-week range of ₹1018.60 to ₹1586.90. Based on fundamentals like P/E (11.38), ROE (7.25%), and growth rates, analysts may have different target prices. Always refer to recent research reports from reputed brokerages and make decisions based on your own analysis and risk appetite.
Consider selling Mahanagar Gas Ltd stock when: 1) Target Price Achieved - If the stock reaches your predetermined target from current ₹1207.30. 2) Fundamental Deterioration - Declining ROE (currently 7.25%), increasing debt (D/E: 0.03), or falling growth rates. 3) Better Opportunities - Finding stocks with superior risk-reward ratios. 4) Portfolio Rebalancing - When the stock becomes overweight in your portfolio. 5) Changed Investment Thesis - If reasons for buying no longer hold. 6) Stop Loss - If price falls below your risk threshold. Always base decisions on thorough analysis rather than emotions.
Tax implications for Mahanagar Gas Ltd stock investments: 1) Short-term Capital Gains (STCG) - If sold within 1 year, gains taxed at 15% plus cess. 2) Long-term Capital Gains (LTCG) - If held over 1 year, gains above ₹1 lakh taxed at 10% without indexation. 3) Dividend Income - Dividends (current yield: 2.72%) are taxable as per your income tax slab. 4) Securities Transaction Tax (STT) - Applicable on both buy and sell transactions. 5) Intraday Trading - Treated as speculative income, taxed as per slab. Tax laws change periodically, so consult a tax advisor for personalized guidance and latest regulations.