Mahanagar Gas Ltd (MGL)
₹1,048.50
Mkt cap
₹10,357 Cr
P/E ratio
14.40
P/B
1.61
Div yield
2.86%
ROE
12.30%
ROCE
17.10%
EPS (TTM)
₹72.81
Book value
₹651
52W range
900–1,314
Sector
Energy
Price history
Previous close
Mahanagar Gas Ltd is engaged in the business of City gas distribution (CGD), presently supplying natural gas in the city of Mumbai including adjoining areas and the Raigad District in the state of Maharashtra. [1]
NSE MGLBSE 539957
Health check
Cautious
ValuationFair
ProfitabilityAverage
GrowthModerate
TechnicalsBearish
52-week range
−20.21% from high₹1,049
₹900+16.50% from low₹1,314
Current
₹1,048.50
Prev close
₹1,053.00
Day
−0.43%
Price performance
1D
−0.69%
1W
+2.21%
1M
−0.46%
3M
−6.51%
6M
−8.75%
1Y
−19.67%
YTD
−8.19%
Financials
Revenue, profit & margin
P/E ratio
14.4×
MGL is 1% above the sector median of 14.2×
MGL14.4×
Sector median14.2×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,538 | 1,571 | 1,569 | 1,567 | 1,590 | 1,786 | 1,758 | 1,963 | 2,081 | 2,049 | 2,058 | 2,051 | 2,372 | |
| Expenses | 1,017 | 1,092 | 1,120 | 1,173 | 1,171 | 1,373 | 1,443 | 1,568 | 1,581 | 1,711 | 1,706 | 1,791 | 2,029 | |
| Operating Profit | 521 | 479 | 449 | 394 | 418 | 413 | 314 | 395 | 501 | 338 | 352 | 260 | 343 | |
| OPM % | 34% | 30% | 29% | 25% | 26% | 23% | 18% | 20% | 24% | 16% | 17% | 13% | 14% | |
| Other Income | 39 | 44 | 48 | 45 | 40 | 47 | 46 | 42 | 32 | 29 | 29 | 29 | 30 | |
| Interest | 3 | 2 | 3 | 4 | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 5 | 6 | |
| Depreciation | 62 | 66 | 68 | 78 | 72 | 84 | 79 | 95 | 96 | 104 | 103 | 106 | 109 | |
| Profit before tax | 496 | 454 | 426 | 357 | 384 | 373 | 278 | 338 | 432 | 258 | 272 | 178 | 259 | |
| Tax % | 26% | 25% | 26% | 26% | 26% | 23% | 19% | 28% | 26% | 25% | 26% | 26% | 25% | |
| Net Profit | 368 | 338 | 317 | 265 | 285 | 287 | 225 | 242 | 320 | 193 | 202 | 132 | 194 | |
| EPS in Rs | 37.30 | 34.27 | 32.11 | 26.83 | 28.81 | 29.03 | 22.82 | 24.53 | 32.35 | 19.58 | 20.45 | 13.36 | 19.61 | |
| Raw PDF |
Earnings
Results dates & reactionsNext results
3 Nov '26
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +0.18% · closed higher next day 0 of last 1
| Q1FY27 | |
|---|---|
| Broadcast | 30 Jul '26 |
| Earnings day | +0.18% |
| +1 day | −0.25% |
| +5 days | +1.89% |
| +15 days | −0.38% |
| +30 days | −3.06% |
| Filing | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Results analysis
Shareholding
as of Sep 202632.50%Promoter
Promoters32.50%
FIIs23.46%0.25
DIIs22.26%0.27
Public11.78%0.03
Government10.00%
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Adani Total Gas | ₹534.45 | 95.90 | 58,779 | 0.05% | 167 | +3.22% | 1,936 | +34.09% | 15.09% |
| Petronet LNG | ₹289.50 | 10.32 | 43,425 | 3.45% | 1,137 | +35.07% | 5,558 | −53.22% | 22.55% |
| Gujarat Energy | ₹208.10 | 9.98 | 19,525 | 4.28% | 1,007 | +69.80% | 9,545 | +63.12% | 11.73% |
| Indraprastha Gas | ₹139.19 | 19.48 | 19,487 | 3.41% | 24 | −93.30% | 5,118 | +27.21% | 17.52% |
| Mahanagar Gas | ₹1,048.50 | 14.37 | 10,357 | 2.86% | 194 | −39.39% | 2,372 | +13.95% | 17.14% |
| GSPL Transmission | ₹114.61 | 12.33 | 3,584 | 0.00% | — | — | — | — | 6.64% |
| Confidence Petro | ₹59.57 | 14.70 | 1,979 | 0.17% | 63 | +207.04% | 2,409 | +116.60% | 9.12% |
| Median: 9 Co. | ₹208.10 | 14.21 | 10,357 | 0.62% | 115 | +35.07% | 2,390 | +28.70% | 15.09% |
Filings
Annual reports13
Concall transcripts78
TranscriptAug 2026PPTAug 2026RECAug 2026TranscriptMay 2026PPTMay 2026TranscriptFeb 2026PPTFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptJul 2025PPTJul 2025RECJul 2025TranscriptJun 2025PPTJun 2025PPTMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptOct 2024PPTSep 2024TranscriptAug 2024TranscriptJun 2024
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 Oct - Mahanagar Gas schedules Q2 FY27 earnings call on November 4, 2026 at 4:00 PM IST.Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 27 OctBoard Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026 26 Oct - Board meeting on November 3, 2026 to approve Q2 and half-year FY2026 results; trading window closedOctober 1.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Oct - Submitted RTA certificate under Regulation 74(5) for quarter ended September 30, 2026.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Sep - MGL will attend PL Capital Mid & Small Cap Conference 2026 on September 29, 2026, in-person.