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Mahanagar Gas Ltd

MGL Share Price

1,425.600.55% (-7.90)
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With a market cap of ₹13,727 cr, stock is ranked 449

Stock is 2.99x 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 ₹13,727 cr, stock is ranked 449

Stock is 2.99x as volatile as Nifty

MGL Performance & Key Metrics

MGL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
13.192.672.16%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
20.683.041.46%

MGL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
68%
Analysts have suggested that investors can buy this stock

from 28 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 

Jun 6, 2025

PDF
View Older Presentations
PE Ratio
10.12
10.12
1Y Return
16.44%
16.44%
Buy Reco %
76.67
76.67
PE Ratio
110.72
110.72
1Y Return
30.87%
30.87%
Buy Reco %
0.00
0.00
PE Ratio
28.67
28.67
1Y Return
27.30%
27.30%
Buy Reco %
47.37
47.37
PE Ratio
17.31
17.31
1Y Return
13.38%
13.38%
Buy Reco %
67.86
67.86
PE Ratio
16.72
16.72
1Y Return
7.17%
7.17%
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 · May 2025

Mahanagar Gas Limited (MGL) showcased a mixed financial performance in Q4 FY25, with quarterly EBITDA and net profit increases overshadowed by annual declines due to rising costs and reduced APM gas allocations. The company successfully connected over 150,000 new domestic households and expanded its CNG infrastructure, reflecting a commitment to growth despite challenges in cost management and market dynamics. Management remains optimistic about future opportunities in LNG trucking and industrial segments, while also exploring diversification into the solid fuel market. A significant capital expenditure plan of Rs. 1,300 crores aims to enhance operations, although ongoing regulatory uncertainties and procurement complexities could impact profitability and pricing strategies.

MGL Stock Growth Drivers
MGL Stock Growth Drivers
7
  • Operational Achievements

    Mahanagar Gas Limited (MGL) has made significant strides in operational performance, connecting 150,142 domestic households

  • Financial Performance

    In Q4 FY25, MGL reported an EBITDA of Rs. 378 crores, a 20% increase from

MGL Stock Challenges
MGL Stock Challenges
5
  • Decline in Financial Performance

    Mahanagar Gas Limited reported a decrease in EBITDA for the fiscal year, dropping to Rs.

  • Increased Operating Expenses

    The company has experienced a sharp increase in operating expenses per SCM, attributed to higher

MGL Forecast

MGL Forecasts

Price

Revenue

Earnings

MGL

MGL

Income

Balance Sheet

Cash Flow

MGL Income Statement

MGL Income Statement

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Financial YearFY 2023FY 2024FY 2025TTM
Total Revenue6,411.166,464.977,430.397,430.39
Raw Materialssubtract4,454.933,656.655,694.695,694.69
Power & Fuel Costsubtract148.18157.52
Employee Costsubtract137.09151.35
Selling & Administrative Expensessubtract33.1837.04
Operating & Other expensessubtract341.71443.64
Depreciation/Amortizationsubtract231.14283.87352.05352.05
Interest & Other Itemssubtract9.3913.3014.0614.06
Taxes & Other Itemssubtract265.49445.23329.02329.02
EPS79.98129.22105.33105.34
DPS16.0030.0030.0030.00
Payout ratio0.200.230.280.28

MGL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2025FY 2025

Annual Report Pending

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
Jul 10PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF

Investor Presentation

Sep 9PDF
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

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Mahanagar Gas Ltd13.192.672.16%
Gail (India) Ltd10.121.633.91%
Adani Total Gas Ltd110.7217.220.04%
Gujarat Gas Ltd28.674.261.22%

MGL Stock Price Comparison

Compare MGL with any stock or ETF
Compare MGL with any stock or ETF
MGL
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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

Decreased 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 decreased by 2.00%

Tickertape Separator

MGL Shareholding Pattern

MGL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding32.50%13.27%10.55%23.76%19.92%

Jun 2024

Sep 2024

Dec 2024

Mar 2025

MGL Shareholding History

MGL Shareholding History

Dec '23MarJunSepDec '24Mar30.85%30.55%31.49%34.20%25.75%23.76%

Mutual Funds Invested in MGL

Mutual Funds Invested in MGL

Increased Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 3.00%

Top 5 Mutual Funds holding Mahanagar Gas Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.8864%0.49%-0.06%97/139 (-12)
0.6999%0.99%-0.02%51/71 (+1)
0.6826%1.68%-0.20%19/40 (-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 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

Cash Dividend

Ex DateEx DateAug 14, 2023

Final
Final | Div/Share: ₹16.00

Dividend/Share

16.00

Ex DateEx Date

Aug 14, 2023

Cash Dividend

Ex DateEx DateFeb 14, 2023

Interim
Interim | Div/Share: ₹10.00

Dividend/Share

10.00

Ex DateEx Date

Feb 14, 2023

MGL Stock News & Opinions

MGL Stock News & Opinions

Spotlight
Mahanagar Gas Ltd rises for third consecutive session

Mahanagar Gas Ltd is up for a third straight session today. The stock is quoting at Rs 1389.6, up 4.51% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.43% on the day, quoting at 25109.55. The Sensex is at 82487.47, up 0.36%. Mahanagar Gas Ltd has slipped around 1.39% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has slipped around 4.56% in last one month and is currently quoting at 35924.05, up 1.1% on the day. The volume in the stock stood at 17.83 lakh shares today, compared to the daily average of 5.04 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1396.3, up 4.6% on the day. Mahanagar Gas Ltd is down 1.6% in last one year as compared to a 7.96% spurt in NIFTY and a 10.35% spurt in the Nifty Energy index.The PE of the stock is 12.57 based on TTM earnings ending March 25.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Board of Mahanagar Gas recommends final dividend

Mahanagar Gas announced that the Board of Directors of the Company at its meeting held on 6 May 2025, inter alia, have recommended the final dividend of Rs 18 per equity Share (i.e. 180%) , subject to the approval of the shareholders.Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Mahanagar Gas consolidated net profit declines 5.20% in the March 2025 quarter

Net profit of Mahanagar Gas declined 5.20% to Rs 247.04 crore in the quarter ended March 2025 as against Rs 260.58 crore during the previous quarter ended March 2024. Sales rose 21.81% to Rs 1964.38 crore in the quarter ended March 2025 as against Rs 1612.61 crore during the previous quarter ended March 2024. For the full year,net profit declined 19.00% to Rs 1040.57 crore in the year ended March 2025 as against Rs 1284.69 crore during the previous year ended March 2024. Sales rose 15.48% to Rs 7263.80 crore in the year ended March 2025 as against Rs 6290.10 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1964.381612.61 22 7263.806290.10 15 OPM %20.0624.50 -21.6029.31 - PBDT432.00433.57 0 1721.642005.47 -14 PBT339.48352.33 -4 1369.591728.11 -21 NP247.04260.58 -5 1040.571284.69 -19 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Mahanagar Gas announces board meeting date

Mahanagar Gas will hold a meeting of the Board of Directors of the Company on 6 May 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Mahanagar Gas drops on APM gas allocation cut

The development has raised concerns over the company's near-term profitability. In a regulatory filing, MGL informed the exchanges that its allocation of APM natural gas ' used primarily for the supply of piped natural gas (PNG) to households and compressed natural gas (CNG) for transport ' has been reduced by approximately 18% from 16 April 2025, compared to the previous fortnight's allocation. This reallocation comes in line with policy guidelines issued by the Ministry of Petroleum and Natural Gas on 10 August 2022. The policy prioritizes APM gas supply for the city gas distribution (CGD) sector, routed through GAIL (India), based on availability. Due to supply constraints, MGL's shortfall in APM gas is being substituted with costlier New Well/Well Intervention Gas (NWG). This will have an adverse impact on the profitability, MGL said in the filing, while adding that it is in the process of exploring all measures to mitigate the impact. MGL is one of India's leading city gas distribution company providing Compressed Natural Gas (CNG) for mobility and Piped Natural Gas (PNG) to residential, commercial, and industrial customers, serving Mumbai, Urban thane, and Raigad district of Maharashtra. The company reported 30.25% fall in consolidated net profit to Rs 221.24 crore on a 17.76% increase in net sales to Rs 1,847.41 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Mahanagar Gas hikes its stake in International Battery Company India

Mahanagar Gas has completed investment in 43,71,065 no. of equity shares of International Battery Company India (IBC India) on 03 February 2025 and consequently, the Company holds 44% of the paid-up equity share capital along with voting rights of IBC India. IBC India was incorporated to carry on the business of undertaking manufacturing, promotion, marketing, distribution, sale and export of the battery cells. Upon the investment, IBC India has become an associate of the Company. Powered by Capital Market - Live

4 months agoCapital Market - Live
Spotlight
Mahanagar Gas records nearly 29% YoY drop in Q3 PAT; sales volume at 378.69 SCM million

EBIDTA declined by 29.9% YoY to Rs 314.42 crore during the period under review. EBIDTA margin for Q3 FY25 was 17.89% as against 28.60% in Q3 FY24. Total sales volume for the December'24 quarter was 378.69 SCM million, 12.1% YoY. For the period under review, CNG sales volume added up to 268.56 SCM million (up 10.9% YoY) and PNG sales aggregated to 110.13 SCM million (up 15.3% 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 company reported 16.5% fall in standalone net profit to Rs 282.8 crore despite a 9% rise in net revenue from operations to Rs 1,711.62 crore in Q2 FY25 over Q2 FY24. The scrip shed 0.03% to currently trade at Rs 1277.40 on the BSE. Powered by Capital Market - Live

4 months 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 28 January 2025, 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

4 months agoCapital Market - Live
Earnings
Mahanagar Gas consolidated net profit declines 30.25% in the December 2024 quarter

Net profit of Mahanagar Gas declined 30.25% to Rs 221.24 crore in the quarter ended December 2024 as against Rs 317.18 crore during the previous quarter ended December 2023. Sales rose 17.76% to Rs 1847.41 crore in the quarter ended December 2024 as against Rs 1568.76 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1847.411568.76 18 OPM %17.5828.60 - PBDT363.29494.04 -26 PBT272.22425.75 -36 NP221.24317.18 -30 Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Mahanagar Gas to discuss results

Mahanagar Gas will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live

4 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 18th June 2025 is ₹1425.60. 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: 2.43%
    • Past 1 month: 3.03%
    • Past 3 months: 7.68%
    • Past 6 months: 15.01%
    • Past 1 year: -3.13%
    • Past 3 years: 103.96%
    • Past 5 years: 31.68%

  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 2.16.

  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 ₹13727.15 Cr as of 18th June 2025.

  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 ₹1988 and the 52-week low is ₹1075.25.

  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 13.19. The P/B (price-to-book) ratio is 2.67.

  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.