Mahanagar Gas Ltd (MGL)
₹1,077.00
Mkt cap
₹10,932 Cr
P/E ratio
12.90
P/B
1.65
Div yield
2.71%
ROE
13.70%
ROCE
18.30%
EPS (TTM)
₹83.49
Book value
₹651
52W range
908–1,512
Sector
Energy
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]
Health check
Cautious
ValuationFair
ProfitabilityAverage
GrowthModerate
TechnicalsBearish
52-week range
−28.78% from high₹1,077
₹908+18.56% from low₹1,512
Current
₹1,077.00
Prev close
₹1,079.00
Day
−0.19%
Price performance
1D
−0.19%
1W
−1.27%
1M
−8.31%
3M
−4.70%
6M
−1.87%
1Y
−29.28%
YTD
−5.69%
Financials
FRevenue, profit & margin
P/E ratio
12.9×
MGL is 15% below the sector median of 15.1×
MGL12.9×
Sector median15.1×
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,610 | 1,538 | 1,571 | 1,569 | 1,567 | 1,590 | 1,786 | 1,758 | 1,963 | 2,081 | 2,049 | 2,058 | 2,051 | |
| Expenses | 1,221 | 1,017 | 1,092 | 1,120 | 1,173 | 1,171 | 1,373 | 1,443 | 1,568 | 1,581 | 1,711 | 1,706 | 1,791 | |
| Operating Profit | 390 | 521 | 479 | 449 | 394 | 418 | 413 | 314 | 395 | 501 | 338 | 352 | 260 | |
| OPM % | 24% | 34% | 30% | 29% | 25% | 26% | 23% | 18% | 20% | 24% | 16% | 17% | 13% | |
| Other Income | 34 | 39 | 44 | 48 | 45 | 40 | 47 | 46 | 42 | 32 | 29 | 29 | 29 | |
| Interest | 2 | 3 | 2 | 3 | 4 | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 5 | |
| Depreciation | 64 | 62 | 66 | 68 | 78 | 72 | 84 | 79 | 95 | 96 | 104 | 103 | 106 | |
| Profit before tax | 357 | 496 | 454 | 426 | 357 | 384 | 373 | 278 | 338 | 432 | 258 | 272 | 178 | |
| Tax % | 25% | 26% | 25% | 26% | 26% | 26% | 23% | 19% | 28% | 26% | 25% | 26% | 26% | |
| Net Profit | 269 | 368 | 338 | 317 | 265 | 285 | 287 | 225 | 242 | 320 | 193 | 202 | 132 | |
| EPS in Rs | 27.21 | 37.30 | 34.27 | 32.11 | 26.83 | 28.81 | 29.03 | 22.82 | 24.53 | 32.35 | 19.58 | 20.45 | 13.36 | |
| Raw PDF |
Earnings
EResults dates & reactionsNext results
30 Jul '26
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
No reaction history yet.
No quarterly filings ingested yet.
Corporate actions
CLast 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
Sas of Mar 202632.50%Promoter
Promoters32.50%
FIIs24.13%0.76
DIIs21.01%0.18
Public12.34%0.55
Government10.00%
Ownership trend
Peers
P7 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 | ₹715.40 | 124.23 | 78,691 | 0.03% | 156 | +4.32% | 1,549 | +15.92% | 15.09% |
| Petronet LNG | ₹278.40 | 10.68 | 41,775 | 3.59% | 1,371 | +25.19% | 9,442 | −23.33% | 22.74% |
| Gujarat Energy | ₹285.65 | 15.09 | 26,862 | 2.04% | 152 | −27.01% | 5,792 | +41.20% | 18.49% |
| Indraprastha Gas | ₹151.56 | 13.69 | 21,218 | 2.80% | 339 | −25.18% | 4,163 | +5.45% | 17.90% |
| Mahanagar Gas | ₹1,106.40 | 12.91 | 10,932 | 2.71% | 132 | −45.56% | 2,051 | +4.52% | 18.28% |
| Confidence Petro | ₹75.35 | 26.95 | 2,503 | 0.13% | 34 | +37.50% | 1,216 | +31.45% | 9.23% |
| IRM Energy | ₹261.75 | 20.26 | 1,078 | 0.57% | 13 | +190.66% | 280 | +4.41% | 8.63% |
| Median: 7 Co. | ₹278.40 | 15.09 | 21,218 | 2.04% | 152 | +4.32% | 2,051 | +5.45% | 17.90% |
Filings
DAnnual reports12
Concall transcripts75
TranscriptMay 2026PPTMay 2026TranscriptFeb 2026PPTFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptJul 2025PPTJul 2025RECJul 2025TranscriptJun 2025PPTJun 2025PPTMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptOct 2024PPTSep 2024TranscriptAug 2024PPTJun 2024TranscriptMay 2024PPTMay 2024RECMay 2024
Credit ratings6
Announcements5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 JulAnnouncement under Regulation 30 (LODR)-Newspaper Publication 7 Jul - Newspaper Publication of notice to the shareholders for transfer of Equity Shares of the Company and Unpaid/Unclaimed Final Dividend for FY 2018-19 to Invertor Education …Announcement under Regulation 30 (LODR)-Change in Management 30 Jun - MGL announces senior management changes effective July 1, 2026; one retirement and two appointments.Closure of Trading Window 26 JunAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Jun - MGL will participate in JM Financial Virtual PSU Conference on June 15, 2026.