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Mahanagar Gas Ltd

MGL Share Price

1,206.000.33% (-4.00)
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With a market cap of ₹11,952 cr, stock is ranked 502

Stock is 2.63x 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 ₹11,952 cr, stock is ranked 502

Stock is 2.63x as volatile as Nifty

MGL Performance & Key Metrics

MGL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
12.222.032.48%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
22.402.871.40%

MGL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
70%
Analysts have suggested that investors can buy this stock

from 30 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
9.56
9.56
1Y Return
9.09%
9.09%
Buy Reco %
83.33
83.33
PE Ratio
101.16
101.16
1Y Return
0.25%
0.25%
Buy Reco %
0.00
0.00
PE Ratio
16.22
16.22
1Y Return
22.78%
22.78%
Buy Reco %
70.37
70.37
PE Ratio
24.07
24.07
1Y Return
13.87%
13.87%
Buy Reco %
47.62
47.62
PE Ratio
15.11
15.11
1Y Return
12.40%
12.40%
Buy Reco %
47.06
47.06
Compare with Peers

MGL Sentiment Analysis

MGL Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

MGL Stock Summary · November 2025

In the recent earnings conference call, management highlighted a complex landscape marked by rising operational costs and declining profitability, primarily due to increased staff expenses and volatile gas prices. Despite these challenges, the company is experiencing robust growth in gas volumes and expanding its CNG station network, with plans for significant capital investments in new business initiatives like EV charging and LNG offerings. The anticipated merger with UEPL is expected to yield tax benefits and improve cash flow, although immediate profit impacts may be limited. As regulatory changes influence market dynamics, the company remains focused on adapting its pricing strategies while leveraging volume growth to enhance long-term profitability. Overall, while current financial pressures persist, there is cautious optimism for future performance driven by strategic expansions and operational efficiencies.

MGL Stock Growth Drivers
MGL Stock Growth Drivers
5
  • Operational Expansion and Performance

    Mahanagar Gas Limited (MGL) has achieved significant operational milestones, including connecting 53,566 domestic households in

  • Financial Performance and Tax Benefits

    MGL reported an EBITDA of INR 338 crores for the current quarter, with a net

MGL Stock Challenges
MGL Stock Challenges
7
  • Decline in Profitability

    Mahanagar Gas Limited has reported a significant decline in profitability, with net profit after tax

  • Increased Gas Costs and Margin Compression

    The company has faced rising gas costs, primarily due to a higher weighted average cost

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 Revenue6,411.166,464.977,430.398,090.38
Raw Materialssubtract4,454.933,656.654,694.036,390.37
Power & Fuel Costsubtract148.18157.52198.81
Employee Costsubtract137.09151.35184.09
Selling & Administrative Expensessubtract33.1837.0447.46
Operating & Other expensessubtract341.71443.64570.30
Depreciation/Amortizationsubtract231.14277.36352.05383.66
Interest & Other Itemssubtract9.3913.3014.0617.35
Taxes & Other Itemssubtract265.49443.42329.02320.67
EPS79.98130.06105.3499.04
DPS16.0030.0030.0030.00
Payout ratio0.200.230.280.30

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

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Mahanagar Gas Ltd11.492.032.48%
Gail (India) Ltd9.561.404.14%
Adani Total Gas Ltd101.1615.730.04%
Indraprastha Gas Ltd16.222.623.52%

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

Increased 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 increased by 1.43%

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 1.89%

Tickertape Separator

MGL Shareholding Pattern

MGL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding32.50%11.19%11.70%23.60%21.02%

Dec 2024

Mar 2025

Jun 2025

Sep 2025

MGL Shareholding History

MGL Shareholding History

JunSepDec '24MarJunSep31.49%34.20%25.75%23.76%25.48%23.60%

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)
1.2366%0.55%-0.06%61/156 (+28)
0.8538%1.01%-0.00%51/66 (+2)
0.7989%0.72%-0.06%96/105 (-3)

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 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

Cash Dividend

Ex DateEx DateAug 14, 2023

Final
Final | Div/Share: ₹16.00

Dividend/Share

16.00

Ex DateEx Date

Aug 14, 2023

MGL Stock News & Opinions

MGL Stock News & Opinions

Spotlight
Mahanagar Gas shares slide amid Mumbai CNG supply disruption

The MGL stock fell 1.42% on Monday (17 November) and is down another 0.45% to trade at Rs 1,230.10 on the BSE today. The stock is down 1.87% in two consecutive sessions. Media reports said the disruption began after GAIL's main gas pipeline was damaged inside the RCF premises in Trombay. The incident affected supply at MGL's City Gate Station in Wadala from Sunday, 16 November. MGL is prioritising supply to domestic Piped Natural Gas customers. Several CNG stations across Mumbai, Thane and Navi Mumbai remain shut. Restoration work is in progress. Supply is expected to normalise by 18 November, according to reports. MGL is in the business of city gas distribution (CGD), presently distribution of natural gas for domestic industrial, commercial customers and CNG vehicles. The company's standalone net profit tanked 32.57% to Rs 193.37 crore while revenue from operations (excluding excise duty) surged by 14.72% YoY to Rs 2,049.33 crore in Q2 September 2025. Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
Mahanagar Gas slides as Q2 PAT slumps 33% YoY to Rs 193-cr

Revenue from operations (excluding excise duty) surged by 14.72% YoY to Rs 2,049.33 crore for the quarter ended 30 September 2025. Profit before tax (PBT) stood at Rs 258.01 crore in the Q2 FY26 quarter, down 30.80% from Rs 372.90 crore recorded in the same period a year ago. EBITDA decreased by 1.37% YoY to Rs 838.66 crore during the period under review. The EBITDA margin for Q2 FY26 stood at 20.30%, compared to 24.63% in Q2 FY25. Total sales volume for the September 2025 quarter was 827.67 million standard cubic meters (SCM), up 9.91% YoY. During the same period, CNG sales volume reached 589.30 million SCM, reflecting a growth of 7.93% YoY, while PNG sales aggregated to 238.58 million SCM, up 15.12% 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. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Earnings
Mahanagar Gas consolidated net profit declines 33.27% in the September 2025 quarter

Net profit of Mahanagar Gas declined 33.27% to Rs 191.37 crore in the quarter ended September 2025 as against Rs 286.79 crore during the previous quarter ended September 2024. Sales rose 14.79% to Rs 2050.40 crore in the quarter ended September 2025 as against Rs 1786.25 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales2050.401786.25 15 OPM %16.3923.14 - PBDT359.89457.15 -21 PBT255.91372.89 -31 NP191.37286.79 -33 Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Mahanagar Gas to conduct board meeting

Mahanagar Gas will hold a meeting of the Board of Directors of the Company on 29 October 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Mahanagar Gas Ltd soars 1.02%, up for third straight session

Mahanagar Gas Ltd rose for a third straight session today. The stock is quoting at Rs 1303.2, up 1.02% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.81% on the day, quoting at 26078.15. The Sensex is at 85221.98, up 0.94%. Mahanagar Gas Ltd has added around 1.92% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has added around 0.96% in last one month and is currently quoting at 35644.15, up 0.57% on the day. The volume in the stock stood at 59482 shares today, compared to the daily average of 2.8 lakh shares in last one month.The PE of the stock is 11.75 based on TTM earnings ending June 25.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Mahanagar Gas Ltd up for third straight session

Mahanagar Gas Ltd gained for a third straight session today. The stock is quoting at Rs 1306.4, up 1.81% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.36% on the day, quoting at 25168.05. The Sensex is at 82125.26, up 0.41%. Mahanagar Gas Ltd has risen around 2.32% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has risen around 3.58% in last one month and is currently quoting at 35369.45, up 0.42% on the day. The volume in the stock stood at 4.59 lakh shares today, compared to the daily average of 2.69 lakh shares in last one month.The PE of the stock is 11.69 based on TTM earnings ending June 25.Powered by Capital Market - Live

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

Mahanagar Gas Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1281.7, down 0.06% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.62% on the day, quoting at 24558. The Sensex is at 80224.7, down 0.7%.Mahanagar Gas Ltd has eased around 7.73% in last one month.Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has eased around 4.62% in last one month and is currently quoting at 33955.95, down 0.54% on the day. The volume in the stock stood at 8.69 lakh shares today, compared to the daily average of 2.9 lakh shares in last one month.The PE of the stock is 11.68 based on TTM earnings ending June 25.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Mahanagar Gas Ltd spurts 1.27%

Mahanagar Gas Ltd is up for a third straight session in a row. The stock is quoting at Rs 1354.4, up 1.27% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.11% on the day, quoting at 24611.85. The Sensex is at 80661.84, up 0.07%. Mahanagar Gas Ltd has dropped around 8.23% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has dropped around 3.79% in last one month and is currently quoting at 34610.35, up 0.64% on the day. The volume in the stock stood at 1.23 lakh shares today, compared to the daily average of 5.51 lakh shares in last one month.The PE of the stock is 12.18 based on TTM earnings ending June 25.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Mahanagar Gas schedules AGM

Mahanagar Gas announced that the 30th Annual General Meeting(AGM) of the company will be held on 22 August 2025.Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Mahanagar Gas Ltd slips for fifth straight session

Mahanagar Gas Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1375.5, down 0.31% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 24697.3. The Sensex is at 80986.38, down 0.59%.Mahanagar Gas Ltd has lost around 7.26% in last one month.Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has eased around 4.13% in last one month and is currently quoting at 35250.5, down 0.55% on the day. The volume in the stock stood at 3.09 lakh shares today, compared to the daily average of 7.06 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1375.2, down 0.25% on the day. Mahanagar Gas Ltd tumbled 25.24% in last one year as compared to a 0.56% slide in NIFTY and a 19.3% fall in the Nifty Energy index.The PE of the stock is 12.56 based on TTM earnings ending June 25.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 25th November 2025 is ₹1206. 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: -2.02%
    • Past 1 month: -6.93%
    • Past 3 months: -8.82%
    • Past 6 months: -9.80%
    • Past 1 year: 1.89%
    • Past 3 years: 38.97%
    • Past 5 years: 28.65%

  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 2.48.

  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 ₹11952.11 Cr as of 25th November 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 ₹1586.90 and the 52-week low is ₹1153.

  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 11.49. The P/B (price-to-book) ratio is 2.03.

  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.