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Mahanagar Gas Ltd logo

Mahanagar Gas Ltd

NSE: MGL BSE: 539957

₹1135.65

(-0.90%)

Mon, 04 May 2026, 10:12 am

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Mahanagar Gas Share Price Live Chart

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Summary

  • Market Cap

    11220.17

  • Net Profit

    1040.45

  • P/B

    2.33

  • Sector P/E

    16.72

  • P/E

    13.16

  • EV/EBITDA

    7.81

  • Debt/Equity (Industry)

    0.41

  • Interest Cover (Industry)

    13.38

  • ROCE (Industry)

    17.16

  • RONW (Industry)

    16.95

  • ROE

    18.89

  • ROCE

    24.13

  • Debt/Equity

    0.03

  • EPS (TTM)

    97.01

  • Dividend Yield

    2.64

  • Book Value

    628.59

  • Interest Cover

    98.41

Analysis

all

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Pros

  • Dividends paid are well covered by earnings (4x coverage).
  • Mahanagar Gas's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • Mahanagar Gas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mahanagar Gas is profitable, therefore cash runway is not a concern.
  • Mahanagar Gas is profitable, therefore cash runway is not a concern.
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Cons

  • Dividend payments have increased, but Mahanagar Gas only paid a dividend in the past 4 years.
  • Mahanagar Gas has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Mahanagar Gas's dividend is below the markets top 25% of dividend payers in India (3.08%).
  • Mahanagar Gas's earnings are expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).
  • Mahanagar Gas's earnings growth is positive but not above the India market average.

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Financials

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Ratios

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Shareholding

ShareholdersMAR 2026DEC 2025SEPT 2025JUN 2025MAR 2025
Promoters32.5032.5032.5032.5032.50
FII24.1424.8923.6025.4823.76
DII21.0120.8322.8922.5223.82
Public12.3511.7811.029.509.92
Government10.001010.0010.0010.00

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Technical Analysis

RSI

63.16

MACD

30.18

50 DMA

1071.35

200 DMA

1198.37

Support and Resistance

TypeR3R2R1PPS1S2S3
Classic1586.031332.581234.121079.13980.67825.68572.23
Fibonacci1332.581235.771175.951079.13982.32922.50825.68
Camarilla1205.351182.121158.881079.131112.421089.181065.95

Pivots Level: Classic

R3

+506.90

1586.03

R2

+253.45

1332.58

R1

+154.98

1234.12

1079.13
1079.13
Pivot Point
LTP: 1135.40

S1

-98.47

980.67

S2

-253.45

825.68

S3

-506.90

572.23

Moving Average

SMAEMA

Period

Value

  • 10-EMA

    1126.23

  • 20-EMA

    1099.50

  • 30-EMA

    1086.13

  • 50-EMA

    1081.84

  • 100-EMA

    1108.29

  • 200-EMA

    1173.20

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Corporate Actions

Announcement DatePurposeActionEx Date
07 Feb 2026board-meetingsQuarterly Results, Interim Dividend
07 Feb 2026dividend₹12.00 Dividend /Share13 Feb 2026
13 Jan 2026dividendInterim Dividend - Rs. - 1213 Feb 2026
29 Oct 2025board-meetingsQuarterly Results
31 Jul 2025agm
14 Jul 2025dividendFinal Dividend - Rs. - 1814 Aug 2025
06 May 2025dividend₹18.00 Dividend /Share14 Aug 2025
28 Jan 2025dividend₹12.00 Dividend /Share03 Feb 2025
03 Jan 2025dividendInterim Dividend - Rs. - 1203 Feb 2025
31 Jul 2024agm

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Peer Comparison

Mahanagar Gas Ltd logo

Mahanagar Gas Ltd

GAIL (India) Ltd logo

GAIL (India) Ltd

Adani Total Gas Ltd logo

Adani Total Gas Ltd

Petronet LNG Ltd logo

Petronet LNG Ltd

Indraprastha Gas Ltd logo

Indraprastha Gas Ltd

Gujarat Gas Ltd logo

Gujarat Gas Ltd

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Mahanagar Gas Ltd About

Mahanagar Gas is in the business of City Gas Distribution presently supplying Compressed Natural Gas (CNG) and Piped Natural Gas.

Industry

Miscellaneous

Founded

1995

Headquarters

CEO

Sandeep Kumar Gupta

Employees

Contact

Website icon

Website

https://www.mahanagargas.com

Email icon

Email

investorrelations@mahanagargas.com, prabhu.atul@ma

Phone icon

Phone

91-22-66952941

Location icon

Location

MGL House Block No G-33, Bandra-Kurla Complex Bandra(E), Mumbai, Maharashtra, 400051

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Mahanagar Gas Ltd Company History

YearHistory
2018
  • Social Change Award 2018 by Government of India.
2021
  • Mahanagar Gas Limited launches 'MGL Hat-trick Yojana' for CNG Commercial Vehicles.
  • Mahanagar Gas Limited introduces India’s first Mobile CNG Refulling Unit.
2022
  • MGL won the prestigious GREENTECH Award for outstanding achievements in Environment Protection at 22nd Annual Greentech Environment Award 2022.
  • MGL won the esteemed APEX India GOLD Award 2022 for Best Fire & Safety Measures under Public Utility Service Organization Sector.
2023
  • Mahanagar Gas Limited commences PNG supply at Raj Bhavan.
  • Mahanagar Gas Limited signs Agreement to acquire Unison Enviro Private Limited.
  • Mahanagar Gas Limited Signs MoU with Baidyanath LNG to scale up LNG Network.
  • Mahanagar Gas Limited organised free Eye check-up Camp for Auto rickshaw drivers under MGL Aarogya initiative.
2024
  • MGL announces incorporation of Mahanagar LNG Private Limited.
  • Mahanagar Gas Limited Brings Khushiyan Lakhon Ki to new PNG Users.
  • Mahanagar Gas Limited Completes its First Acquisition 100% Equity in Unison Enviro Transferred to MGL.
  • Mahanagar Gas Limited launches new edition of MGL CNG Mahotsav.

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Deals

Client NameOrder SideQTYAvg PriceDate
EASTSPRING INVESTMENTS INDIA EQUITY OPEN LIMITEDSell725150957.0107 Apr 2026
WASHINGTON STATE INVESTMENT BOARDBuy617784950.4227 Mar 2026
GRAVITON RESEARCH CAPITAL LLPSell5190281133.5918 Nov 2024
GRAVITON RESEARCH CAPITAL LLPBuy5094281132.7118 Nov 2024
GRAVITON RESEARCH CAPITAL LLPSell5784121560.8118 Oct 2024
GRAVITON RESEARCH CAPITAL LLPBuy5784121560.4118 Oct 2024
GRAVITON RESEARCH CAPITAL LLPSell5870181909.8717 Sept 2024
GRAVITON RESEARCH CAPITAL LLPBuy5870181908.8317 Sept 2024
GRAVITON RESEARCH CAPITAL LLPBuy5687211776.5902 Jul 2024
GRAVITON RESEARCH CAPITAL LLPSell5687211774.9102 Jul 2024

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Mahanagar Gas Ltd News

Mahanagar Gas Publishes Postal Ballot Notice Advertisement

Mahanagar Gas published newspaper advertisement for postal ballot notice on April 17, 2026, under Regulation 30, seeking shareholder approval for director appointments through e-voting process.

17 Apr 2026

companies

Mahanagar Gas Issues Postal Ballot Notice for Directors

Mahanagar Gas Limited issued postal ballot notice dated April 16, 2026, seeking shareholder approval for appointment of Deepak Gupta as Chairman and Praveer Kumar Srivastava as Managing Director through e-voting from April 20 to May 19, 2026.

16 Apr 2026

companies

Mahanagar Gas Appoints New Managing Director

Mahanagar Gas Limited appointed Praveer Kumar Srivastava as Managing Director for five years from April 30, 2026, replacing Ashu Shinghal who ceases duties on the same date.

10 Apr 2026

companies

Prudential plc reduces stake in Mahanagar Gas

Prudential plc and subsidiaries sold 728,763 shares of Mahanagar Gas Limited, reducing their holding from 3.15% to 2.41% through market sale on 6th April 2026.

08 Apr 2026

companies

Mahanagar Gas Submits Q4 FY26 Compliance Certificate

Mahanagar Gas Limited submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026, confirming proper handling of dematerialisation processes.

07 Apr 2026

companies

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