Mahanagar Gas Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Ashu Shinghal
Chief executive officer
₹13.5m
Total compensation
| CEO salary percentage | 34.40% |
| CEO tenure | 2.9yrs |
| CEO ownership | n/a |
| Management average tenure | 5yrs |
| Board average tenure | 2.1yrs |
Recent management updates
Recent updates
Why Mahanagar Gas' (NSE:MGL) Shaky Earnings Are Just The Beginning Of Its Problems
Nov 06
Earnings Working Against Mahanagar Gas Limited's (NSE:MGL) Share Price
Sep 17Mahanagar Gas (NSE:MGL) Might Be Having Difficulty Using Its Capital Effectively
Jul 15Mahanagar Gas (NSE:MGL) Has A Pretty Healthy Balance Sheet
Mar 01Little Excitement Around Mahanagar Gas Limited's (NSE:MGL) Earnings
Feb 13
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 18Mahanagar Gas (NSE:MGL) Strong Profits May Be Masking Some Underlying Issues
Nov 01Mahanagar Gas Limited's (NSE:MGL) Low P/E No Reason For Excitement
Oct 22Is Mahanagar Gas (NSE:MGL) A Risky Investment?
Sep 26Mahanagar Gas Limited's (NSE:MGL) Shares Bounce 35% But Its Business Still Trails The Market
Jul 02Shareholders Are Optimistic That Mahanagar Gas (NSE:MGL) Will Multiply In Value
Jun 07We Think Mahanagar Gas (NSE:MGL) Can Manage Its Debt With Ease
Mar 21Capital Investments At Mahanagar Gas (NSE:MGL) Point To A Promising Future
Mar 06Mahanagar Gas Limited's (NSE:MGL) Price Is Right But Growth Is Lacking
Feb 17Calculating The Fair Value Of Mahanagar Gas Limited (NSE:MGL)
Jan 11Mahanagar Gas (NSE:MGL) Might Become A Compounding Machine
Oct 04Estimating The Fair Value Of Mahanagar Gas Limited (NSE:MGL)
Sep 07Mahanagar Gas (NSE:MGL) Has Announced That It Will Be Increasing Its Dividend To ₹16.00
Aug 03Capital Allocation Trends At Mahanagar Gas (NSE:MGL) Aren't Ideal
Jul 04Here's Why Mahanagar Gas (NSE:MGL) Can Manage Its Debt Responsibly
Feb 24Mahanagar Gas' (NSE:MGL) Upcoming Dividend Will Be Larger Than Last Year's
Feb 05Mahanagar Gas' (NSE:MGL) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 19Here's Why Mahanagar Gas (NSE:MGL) Can Manage Its Debt Responsibly
Sep 27Here's What's Concerning About Mahanagar Gas' (NSE:MGL) Returns On Capital
Jul 23Mahanagar Gas (NSE:MGL) Might Be Having Difficulty Using Its Capital Effectively
Apr 05Capital Investment Trends At Mahanagar Gas (NSE:MGL) Look Strong
Dec 17CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | ₹10b |
| Jun 30 2025 | n/a | n/a | ₹11b |
| Mar 31 2025 | ₹13m | ₹5m | ₹10b |
| Dec 31 2024 | n/a | n/a | ₹10b |
| Sep 30 2024 | n/a | n/a | ₹11b |
| Jun 30 2024 | n/a | n/a | ₹12b |
| Mar 31 2024 | n/a | n/a | ₹13b |
| Dec 31 2023 | n/a | n/a | ₹13b |
| Sep 30 2023 | n/a | n/a | ₹11b |
| Jun 30 2023 | n/a | n/a | ₹10b |
| Mar 31 2023 | ₹4m | n/a | ₹8b |
Compensation vs Market: Ashu's total compensation ($USD151.63K) is below average for companies of similar size in the Indian market ($USD546.74K).
Compensation vs Earnings: Ashu's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Ashu Shinghal
Mr. Ashu Shinghal serves as Managing Director and Director at Mahanagar Gas Limited since December 23, 2022. He served as Director of ONGC Petro additions Limited from July 01, 2020 until May 10, 2023. Mr....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 2.9yrs | ₹13.45m | no data | |
| Deputy MD & Director | 4.5yrs | ₹12.01m | no data | |
| Chief Financial Officer | 4yrs | ₹6.15m | no data | |
| Vice President of Operation & Maintenance | no data | no data | no data | |
| AVP of Internal Audit | 5yrs | no data | no data | |
| Senior Vice President of Marketing | 6.8yrs | ₹8.82m | no data | |
| Vice President of Human Resources & Corporate Social Responsibility | 6.8yrs | ₹6.39m | no data | |
| Senior VP of Contracts & Procurement and Chief Risk Officer | 6.4yrs | ₹6.76m | no data | |
| Vice President of Projects | no data | ₹5.87m | no data |
Experienced Management: MGL's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 2.9yrs | ₹13.45m | no data | |
| Deputy MD & Director | 4.5yrs | ₹12.01m | no data | |
| Independent Non-Executive Director | 4.3yrs | ₹1.54m | no data | |
| Chairman of the Board | 2.1yrs | no data | no data | |
| Independent Director | 1yr | ₹763.00k | no data | |
| Independent Director | 1yr | ₹823.00k | no data | |
| Non-Executive Non-Independent Nominee Director | less than a year | no data | no data |
Experienced Board: MGL's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/14 07:43 |
| End of Day Share Price | 2025/11/14 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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 55 analysts. 28 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Vivekanand Subbaraman | Ambit Capital |
| Nitin Bhasin | Ambit Capital |
| Ritesh Gupta | Ambit Capital |