Good morning :)
Mahanagar Gas Ltd

Mahanagar Gas Ltd

MGL Share Price

NSE
1,219.801.32% (+15.90)
High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
Loading...
1D
1W
1M
1Y
5Y
Max
SIP

With a market cap of ₹12,048 cr, stock is ranked 491

Stock is 2.59x as volatile as Nifty

MGL Stock Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹12,048 cr, stock is ranked 491

Stock is 2.59x as volatile as Nifty

MGL Performance & Key Metrics

MGL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
12.572.042.46%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
22.482.881.39%

MGL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
79%
Analysts have suggested that investors can buy this stock

from 29 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

MGL Company Profile

Mahanagar Gas Limited is a natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and its adjoining areas.

Investor Presentation

View older View older 

Oct 30, 2025

PDF
View Older Presentations
PE Ratio
9.02
9.02
1Y Return
6.38%
6.38%
Buy Reco %
79.31
79.31
PE Ratio
86.05
86.05
1Y Return
11.84%
11.84%
Buy Reco %
0.00
0.00
PE Ratio
24.42
24.42
1Y Return
7.25%
7.25%
Buy Reco %
50.00
50.00
PE Ratio
13.93
13.93
1Y Return
12.82%
12.82%
Buy Reco %
88.46
88.46
PE Ratio
15.48
15.48
1Y Return
9.21%
9.21%
Buy Reco %
43.75
43.75
Compare with Peers

MGL Sentiment Analysis

MGL Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

MGL Stock Summary · February 2026

In Q3 FY '25-'26, the company demonstrated robust operational performance, marked by increased household connections and pipeline infrastructure, despite facing minor gas supply disruptions that slightly impacted CNG volumes. Strategic pricing adjustments, including a CNG price hike, alongside effective cost management, have bolstered margins and EBITDA, with expectations for continued growth in the upcoming quarters. The company is proactively adapting its gas sourcing strategies to mitigate supply chain vulnerabilities and price volatility, while also investing in infrastructure expansion to support CNG growth. Additionally, ongoing discussions around pollution control measures and the integration of compressed biogas are set to enhance sustainability and revenue generation, positioning the company favorably for future market dynamics.

MGL Stock Growth Drivers
MGL Stock Growth Drivers
6
  • Operational Expansion and Achievements

    Mahanagar Gas Limited has made significant strides in expanding its City Gas Distribution (CGD) infrastructure.

  • Financial Performance and Profitability

    The company reported a net profit after tax of INR 202 crores for the quarter,

MGL Stock Challenges
MGL Stock Challenges
4
  • CNG Volume Growth Challenges

    The company has faced challenges in CNG volume growth, particularly in the Mumbai area. A

  • Margin Stability Concerns

    Despite a recent increase in gas prices, the company is experiencing fluctuations in margins. While

MGL Forecast

MGL Forecasts

Price

Revenue

Earnings

MGL

MGL

Income

Balance Sheet

Cash Flow

MGL Income Statement

MGL Income Statement

Loading...

Quartersep 2023dec 2023mar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025
Total Revenue1,614.641,616.831,656.741,701.411,833.181,889.402,006.402,115.162,079.422,089.84
Operating & Other expensessubtract1,092.051,120.071,217.571,229.011,372.831,522.621,570.231,583.111,714.411,708.93
Depreciation/Amortizationsubtract65.7968.2981.2483.2984.2691.0792.5296.09103.98103.55
Interest & Other Itemssubtract2.472.725.603.203.203.494.174.575.126.40
Taxes & Other Itemssubtract115.83108.5791.7597.1386.1050.9892.44112.7164.5469.81
EPS34.2732.1126.3829.2329.0322.3925.0132.2619.3720.36

MGL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual Report Pending

Investor Presentation

Oct 30PDF
Jul 23PDF
Jul 23PDF
FY 2025FY 2025

Annual report

PDF

Investor Presentation

Jun 6PDF
May 7PDF
Jan 29PDF
FY 2024FY 2024

Annual report

PDF
FY 2023FY 2023

Annual report

PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF

Investor Presentation

Jul 6PDF
FY 2020FY 2020

Annual report

PDF

Investor Presentation

Aug 23PDF
FY 2019FY 2019

Annual report

PDF

Investor Presentation

Nov 19PDF
Aug 10PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF
FY 2016FY 2016

Annual report

PDF
 

MGL Stock Peers

MGL Past Performance & Peer Comparison

MGL Past Performance & Peer Comparison

Comparing 3 stocks from 
UtilitiesGas Distribution

Loading...

StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Mahanagar Gas Ltd11.582.042.46%
Gail (India) Ltd9.021.324.39%
Adani Total Gas Ltd86.0513.380.05%
Gujarat Gas Ltd24.423.301.43%

MGL Stock Price Comparison

Compare MGL with any stock or ETF
Compare MGL with any stock or ETF
MGL
Loading...

MGL Holdings

MGL Shareholdings

MGL Promoter Holdings Trend

MGL Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

MGL Institutional Holdings Trend

MGL Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 1.29%

Tickertape Separator

MGL Shareholding Pattern

MGL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding32.50%9.35%11.48%24.89%21.78%

Mar 2025

Jun 2025

Sep 2025

Dec 2025

MGL Shareholding History

MGL Shareholding History

SepDec '24MarJunSepDec '2534.20%25.75%23.76%25.48%23.60%24.89%

Mutual Funds Invested in MGL

Mutual Funds Invested in MGL

No mutual funds holding trends are available

Top 5 Mutual Funds holding Mahanagar Gas Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
1.0489%0.65%0.22%67/168 (-10)
1.0247%0.48%-0.04%70/152 (-3)
0.7075%0.86%-0.09%50/67 (-1)

Compare 3-month MF holding change on Screener

MGL Insider Trades & Bulk Stock Deals

MGL Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing MGL stock

smallcases containing MGL stock

Looks like this stock is not in any smallcase yet.

MGL Events

MGL Events

MGL Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

MGL Dividend Trend

No dividend trend available

MGL Upcoming Dividends

MGL Upcoming Dividends

No upcoming dividends are available

MGL Past Dividends

MGL Past Dividends

Cash Dividend

Ex DateEx DateFeb 13, 2026

Interim
Interim | Div/Share: ₹12.00

Dividend/Share

12.00

Ex DateEx Date

Feb 13, 2026

Cash Dividend

Ex DateEx DateAug 14, 2025

Final
Final | Div/Share: ₹18.00

Dividend/Share

18.00

Ex DateEx Date

Aug 14, 2025

Cash Dividend

Ex DateEx DateFeb 3, 2025

Interim
Interim | Div/Share: ₹12.00

Dividend/Share

12.00

Ex DateEx Date

Feb 3, 2025

Cash Dividend

Ex DateEx DateAug 14, 2024

Final
Final | Div/Share: ₹18.00

Dividend/Share

18.00

Ex DateEx Date

Aug 14, 2024

Cash Dividend

Ex DateEx DateFeb 5, 2024

Interim
Interim | Div/Share: ₹12.00

Dividend/Share

12.00

Ex DateEx Date

Feb 5, 2024

MGL Stock News & Opinions

MGL Stock News & Opinions

Spotlight
Mahanagar Gas Ltd soars 0.34%, up for fifth straight session

Mahanagar Gas Ltd gained for a fifth straight session today. The stock is quoting at Rs 1205.1, up 0.34% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 25459.95. The Sensex is at 82146.86, down 0.16%. Mahanagar Gas Ltd has risen around 17.16% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has risen around 11.34% in last one month and is currently quoting at 37118.6, down 0.13% on the day. The volume in the stock stood at 1.04 lakh shares today, compared to the daily average of 2.52 lakh shares in last one month.The PE of the stock is 12.26 based on TTM earnings ending December 25.Powered by Capital Market - Live

1 day agoCapital Market - Live
Spotlight
Mahanagar Gas Ltd spurts 2.48%, gains for third straight session

Mahanagar Gas Ltd is up for a third straight session in a row. The stock is quoting at Rs 1192, up 2.48% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.25% on the day, quoting at 25392.55. The Sensex is at 82144.81, down 1.38%. Mahanagar Gas Ltd has added around 15.89% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has added around 10.13% in last one month and is currently quoting at 36741.55, down 0.21% on the day. The volume in the stock stood at 3.71 lakh shares today, compared to the daily average of 2.41 lakh shares in last one month.The PE of the stock is 11.87 based on TTM earnings ending December 25.Powered by Capital Market - Live

3 days agoCapital Market - Live
Spotlight
Mahanagar Gas posts PAT of Rs 201 crore in Q3; clocks total volumes of 425.07 SCM million

EBIDTA rose by 12% YoY to Rs 352.07 crore during the period under review. EBIDTA margin for Q3 FY26 was 17.10% as against 17.89%% in Q3 FY25. Total sales volume for the December'25 quarter was 425.07 SCM million, 12.3% YoY. For the period under review, CNG sales volume added up to 301.88 SCM million (up 12.4% YoY) and PNG sales aggregated to 123.19 SCM million (up 11.9% YoY). Mahanagar Gas is in the business of city gas distribution (CGD), presently distribution of natural gas for domestic industrial, commercial customers and CNG vehicles. The scrip rose 2.19% to currently trade at Rs 1178.60 on the BSE. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Earnings
Mahanagar Gas consolidated net profit declines 9.08% in the December 2025 quarter

Net profit of Mahanagar Gas declined 9.08% to Rs 201.15 crore in the quarter ended December 2025 as against Rs 221.24 crore during the previous quarter ended December 2024. Sales rose 11.52% to Rs 2060.24 crore in the quarter ended December 2025 as against Rs 1847.41 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales2060.241847.41 12 OPM %17.0517.58 - PBDT374.51363.29 3 PBT270.96272.22 0 NP201.15221.24 -9 Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Board of Mahanagar Gas recommends interim dividend

Mahanagar Gas announced that the Board of Directors of the Company at its meeting held on 7 February 2026, inter alia, have recommended the interim dividend of Rs 12 per equity Share (i.e. 120%) , subject to the approval of the shareholders.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Mahanagar Gas Ltd spurts 1.58%, rises for third straight session

Mahanagar Gas Ltd rose for a third straight session today. The stock is quoting at Rs 1070, up 1.58% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 25723.35. The Sensex is at 83606.72, down 0.16%. Mahanagar Gas Ltd has dropped around 4.55% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has dropped around 0.65% in last one month and is currently quoting at 35657.55, up 1.76% on the day. The volume in the stock stood at 63032 shares today, compared to the daily average of 2.77 lakh shares in last one month.The PE of the stock is 10.51 based on TTM earnings ending September 25.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Mahanagar Gas to discuss results

Mahanagar Gas will hold a meeting of the Board of Directors of the Company on 7 February 2026.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Spotlight
Mahanagar Gas Ltd slips for fifth straight session

Mahanagar Gas Ltd is down for a fifth straight session today. The stock is quoting at Rs 1054.4, down 0.51% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.67% on the day, quoting at 25702.5. The Sensex is at 83622.68, down 0.66%.Mahanagar Gas Ltd has lost around 5.47% in last one month.Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has eased around 0.55% in last one month and is currently quoting at 34729.65, down 0.82% on the day. The volume in the stock stood at 1.15 lakh shares today, compared to the daily average of 2.67 lakh shares in last one month.The PE of the stock is 10.56 based on TTM earnings ending September 25.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Mahanagar Gas Ltd drops for fifth straight session

Mahanagar Gas Ltd fell for a fifth straight session today. The stock is quoting at Rs 1168.4, down 1.24% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.39% on the day, quoting at 25929.6. The Sensex is at 84872.4, down 0.31%.Mahanagar Gas Ltd has eased around 7.57% in last one month.Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has eased around 3.32% in last one month and is currently quoting at 35459.4, down 1.08% on the day. The volume in the stock stood at 1.11 lakh shares today, compared to the daily average of 2.37 lakh shares in last one month.The PE of the stock is 11.8 based on TTM earnings ending September 25.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Mahanagar Gas receives affirmation in credit ratings from ICRA

Mahanagar Gas announced that ICRA has reaffirmed/ assigned the rating ICRA AAA; Stable / ICRA A1+ to the company's bank facilities of Rs 2,025 crore. Powered by Capital Market - Live

3 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Mahanagar Gas Ltd (MGL) today?

    The share price of MGL as on 27th February 2026 is ₹1219.80. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Mahanagar Gas Ltd (MGL) share?

    The past returns of Mahanagar Gas Ltd (MGL) share are
    • Past 1 week: 9.58%
    • Past 1 month: 16.33%
    • Past 3 months: 0.48%
    • Past 6 months: -4.28%
    • Past 1 year: -6.98%
    • Past 3 years: 39.62%
    • Past 5 years: 5.29%

  3. What are the peers or stocks similar to Mahanagar Gas Ltd (MGL)?
  4. What is the dividend yield % of Mahanagar Gas Ltd (MGL) share?

    The current dividend yield of Mahanagar Gas Ltd (MGL) is 2.46.

  5. What is the market cap of Mahanagar Gas Ltd (MGL) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Mahanagar Gas Ltd (MGL) is ₹12048.91 Cr as of 27th February 2026.

  6. What is the 52 week high and low of Mahanagar Gas Ltd (MGL) share?

    The 52-week high of Mahanagar Gas Ltd (MGL) is ₹1586.90 and the 52-week low is ₹1018.60.

  7. What is the PE and PB ratio of Mahanagar Gas Ltd (MGL) stock?

    The P/E (price-to-earnings) ratio of Mahanagar Gas Ltd (MGL) is 11.58. The P/B (price-to-book) ratio is 2.04.

  8. Which sector does Mahanagar Gas Ltd (MGL) belong to?

    Mahanagar Gas Ltd (MGL) belongs to the Utilities sector & Gas Distribution sub-sector.

  9. How to buy Mahanagar Gas Ltd (MGL) shares?

    You can directly buy Mahanagar Gas Ltd (MGL) shares on Tickertape. Simply sign up, connect your demat account and place your order.