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Mahanagar Gas NSEI:MGL Stock Report

Last Price

₹1.39k

Market Cap

₹137.8b

7D

3.7%

1Y

-6.2%

Updated

21 Jun, 2025

Data

Company Financials +

Mahanagar Gas (MGL) Stock Overview

Operates as a natural gas distribution company in India. More details

MGL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends3/6

MGL Community Fair Values

Create Narrative

See what 13 others think this stock is worth. Follow their fair value or set your own to get alerts.

Mahanagar Gas Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Mahanagar Gas
Historical stock prices
Current Share Price₹1,394.80
52 Week High₹1,988.00
52 Week Low₹1,075.25
Beta0.61
1 Month Change3.02%
3 Month Change1.07%
1 Year Change-6.23%
3 Year Change84.50%
5 Year Change29.49%
Change since IPO162.65%

Recent News & Updates

Mahanagar Gas (NSE:MGL) Has A Pretty Healthy Balance Sheet

Mar 01
Mahanagar Gas (NSE:MGL) Has A Pretty Healthy Balance Sheet

Little Excitement Around Mahanagar Gas Limited's (NSE:MGL) Earnings

Feb 13
Little Excitement Around Mahanagar Gas Limited's (NSE:MGL) Earnings

Recent updates

Mahanagar Gas (NSE:MGL) Has A Pretty Healthy Balance Sheet

Mar 01
Mahanagar Gas (NSE:MGL) Has A Pretty Healthy Balance Sheet

Little Excitement Around Mahanagar Gas Limited's (NSE:MGL) Earnings

Feb 13
Little Excitement Around Mahanagar Gas Limited's (NSE:MGL) Earnings
author-image

CGD Expansion And UEPL Merger Will Improve CNG Adoption And Operational Efficiencies

Expansion of CGD infrastructure and a court order phasing out petrol/diesel vehicles are likely to boost CNG adoption and revenue growth.

Be Wary Of Mahanagar Gas (NSE:MGL) And Its Returns On Capital

Dec 18
Be Wary Of Mahanagar Gas (NSE:MGL) And Its Returns On Capital

Mahanagar Gas (NSE:MGL) Strong Profits May Be Masking Some Underlying Issues

Nov 01
Mahanagar Gas (NSE:MGL) Strong Profits May Be Masking Some Underlying Issues

Mahanagar Gas Limited's (NSE:MGL) Low P/E No Reason For Excitement

Oct 22
Mahanagar Gas Limited's (NSE:MGL) Low P/E No Reason For Excitement

Is Mahanagar Gas (NSE:MGL) A Risky Investment?

Sep 26
Is Mahanagar Gas (NSE:MGL) A Risky Investment?

Mahanagar Gas Limited's (NSE:MGL) Shares Bounce 35% But Its Business Still Trails The Market

Jul 02
Mahanagar Gas Limited's (NSE:MGL) Shares Bounce 35% But Its Business Still Trails The Market

Shareholders Are Optimistic That Mahanagar Gas (NSE:MGL) Will Multiply In Value

Jun 07
Shareholders Are Optimistic That Mahanagar Gas (NSE:MGL) Will Multiply In Value

We Think Mahanagar Gas (NSE:MGL) Can Manage Its Debt With Ease

Mar 21
We Think Mahanagar Gas (NSE:MGL) Can Manage Its Debt With Ease

Capital Investments At Mahanagar Gas (NSE:MGL) Point To A Promising Future

Mar 06
Capital Investments At Mahanagar Gas (NSE:MGL) Point To A Promising Future

Mahanagar Gas Limited's (NSE:MGL) Price Is Right But Growth Is Lacking

Feb 17
Mahanagar Gas Limited's (NSE:MGL) Price Is Right But Growth Is Lacking

Calculating The Fair Value Of Mahanagar Gas Limited (NSE:MGL)

Jan 11
Calculating The Fair Value Of Mahanagar Gas Limited (NSE:MGL)

Mahanagar Gas (NSE:MGL) Might Become A Compounding Machine

Oct 04
Mahanagar Gas (NSE:MGL) Might Become A Compounding Machine

Estimating The Fair Value Of Mahanagar Gas Limited (NSE:MGL)

Sep 07
Estimating The Fair Value Of Mahanagar Gas Limited (NSE:MGL)

Mahanagar Gas (NSE:MGL) Has Announced That It Will Be Increasing Its Dividend To ₹16.00

Aug 03
Mahanagar Gas (NSE:MGL) Has Announced That It Will Be Increasing Its Dividend To ₹16.00

Capital Allocation Trends At Mahanagar Gas (NSE:MGL) Aren't Ideal

Jul 04
Capital Allocation Trends At Mahanagar Gas (NSE:MGL) Aren't Ideal

Here's Why Mahanagar Gas (NSE:MGL) Can Manage Its Debt Responsibly

Feb 24
Here's Why Mahanagar Gas (NSE:MGL) Can Manage Its Debt Responsibly

Mahanagar Gas' (NSE:MGL) Upcoming Dividend Will Be Larger Than Last Year's

Feb 05
Mahanagar Gas' (NSE:MGL) Upcoming Dividend Will Be Larger Than Last Year's

Mahanagar Gas' (NSE:MGL) Shareholders Have More To Worry About Than Only Soft Earnings

Nov 19
Mahanagar Gas' (NSE:MGL) Shareholders Have More To Worry About Than Only Soft Earnings

Here's Why Mahanagar Gas (NSE:MGL) Can Manage Its Debt Responsibly

Sep 27
Here's Why Mahanagar Gas (NSE:MGL) Can Manage Its Debt Responsibly

Here's What's Concerning About Mahanagar Gas' (NSE:MGL) Returns On Capital

Jul 23
Here's What's Concerning About Mahanagar Gas' (NSE:MGL) Returns On Capital

Mahanagar Gas (NSE:MGL) Might Be Having Difficulty Using Its Capital Effectively

Apr 05
Mahanagar Gas (NSE:MGL) Might Be Having Difficulty Using Its Capital Effectively

Capital Investment Trends At Mahanagar Gas (NSE:MGL) Look Strong

Dec 17
Capital Investment Trends At Mahanagar Gas (NSE:MGL) Look Strong

Shareholder Returns

MGLIN Gas UtilitiesIN Market
7D3.7%-4.0%-0.1%
1Y-6.2%-20.2%-0.3%

Return vs Industry: MGL exceeded the Indian Gas Utilities industry which returned -20.2% over the past year.

Return vs Market: MGL underperformed the Indian Market which returned -0.3% over the past year.

Price Volatility

Is MGL's price volatile compared to industry and market?
MGL volatility
MGL Average Weekly Movement5.3%
Gas Utilities Industry Average Movement5.4%
Market Average Movement6.4%
10% most volatile stocks in IN Market9.1%
10% least volatile stocks in IN Market4.3%

Stable Share Price: MGL has not had significant price volatility in the past 3 months compared to the Indian market.

Volatility Over Time: MGL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1995532n/awww.mahanagargas.com

Mahanagar Gas Limited operates as a natural gas distribution company in India. The company supplies piped natural gas (PNG) to domestic households for cooking and water heating, as well as for nursing homes, flight kitchens, and places of worship; commercial establishments, including hospitals, hotels, restaurants, and charitable trusts; and industries, such as metals, pharmaceuticals, printing and dyeing, food and beverages, oil mills, FMCG product manufacturers, power generation, and air-conditioning. It also provides compressed natural gas (CNG) to transport sector.

Mahanagar Gas Limited Fundamentals Summary

How do Mahanagar Gas's earnings and revenue compare to its market cap?
MGL fundamental statistics
Market cap₹137.78b
Earnings (TTM)₹10.41b
Revenue (TTM)₹72.64b
13.2x
P/E Ratio
1.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGL income statement (TTM)
Revenue₹72.64b
Cost of Revenue₹46.80b
Gross Profit₹25.84b
Other Expenses₹15.44b
Earnings₹10.41b

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)105.34
Gross Margin35.58%
Net Profit Margin14.33%
Debt/Equity Ratio0%

How did MGL perform over the long term?

See historical performance and comparison

Dividends

2.2%
Current Dividend Yield
28%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/21 20:49
End of Day Share Price 2025/06/20 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mahanagar Gas Limited is covered by 52 analysts. 27 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vivekanand SubbaramanAmbit Capital
Nitin BhasinAmbit Capital
Ritesh GuptaAmbit Capital