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Mahanagar Gas Ltd logo

Mahanagar Gas Ltd

NSE: MGL BSE: 539957

1126.40

(-0.44%)

Fri, 27 Feb 2026, 10:17 am

Mahanagar Gas Share Price Live Chart

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Summary

  • Market Cap

    11882.97

  • Net Profit

    1040.45

  • P/B

    2.33

  • Sector P/E

    16.73

  • P/E

    13.16

  • EV/EBITDA

    7.81

  • Debt/Equity (Industry)

    0.39

  • Interest Cover (Industry)

    16.96

  • ROCE (Industry)

    17.36

  • RONW (Industry)

    17.21

  • ROE

    18.89

  • ROCE

    24.13

  • Debt/Equity

    0.03

  • EPS (TTM)

    97.01

  • Dividend Yield

    2.49

  • 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

ShareholdersDEC 2025SEPT 2025JUN 2025MAR 2025DEC 2024
Promoters32.5032.5032.5032.5032.50
FII24.8923.6025.4823.7625.75
DII20.8322.8922.5223.8221.10
Public11.7811.029.509.9210.64
Government1010.0010.0010.0010

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Technical Analysis

RSI

68.11

MACD

26.29

50 DMA

1112.13

200 DMA

1269.44

Support and Resistance

TypeR3R2R1PPS1S2S3
Classic1342.431208.531130.671074.63996.77940.73806.83
Fibonacci1208.531157.381125.781074.631023.48991.88940.73
Camarilla1089.621077.351065.071074.631040.531028.251015.98

Pivots Level: Classic

R3

+267.80

1342.43

R2

+133.90

1208.53

R1

+56.03

1130.67

1074.63
1074.63
Pivot Point
LTP: 1219.80

S1

-77.87

996.77

S2

-133.90

940.73

S3

-267.80

806.83

Moving Average

SMAEMA

Period

Value

  • 10-EMA

    1172.49

  • 20-EMA

    1147.51

  • 30-EMA

    1136.55

  • 50-EMA

    1136.22

  • 100-EMA

    1169.90

  • 200-EMA

    1232.03

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Corporate Actions

Announcement DatePurposeActionEx Date
07 Feb 2026dividend₹12.00 Dividend /Share13 Feb 2026
07 Feb 2026board-meetingsQuarterly Results, Interim Dividend
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

Indraprastha Gas Ltd logo

Indraprastha Gas Ltd

Adani Total Gas Ltd logo

Adani Total Gas Ltd

Gujarat Gas Ltd logo

Gujarat Gas Ltd

Petronet LNG Ltd logo

Petronet LNG 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
GRAVITON RESEARCH CAPITAL LLPSell5190281133.5918 Nov 2024
GRAVITON RESEARCH CAPITAL LLPBuy5094281132.7118 Nov 2024
GRAVITON RESEARCH CAPITAL LLPBuy5784121560.4118 Oct 2024
GRAVITON RESEARCH CAPITAL LLPSell5784121560.8118 Oct 2024
GRAVITON RESEARCH CAPITAL LLPBuy5870181908.8317 Sept 2024
GRAVITON RESEARCH CAPITAL LLPSell5870181909.8717 Sept 2024
GRAVITON RESEARCH CAPITAL LLPBuy5687211776.5902 Jul 2024
GRAVITON RESEARCH CAPITAL LLPSell5687211774.9102 Jul 2024
GRAVITON RESEARCH CAPITAL LLPBuy4960011696.9301 Jul 2024
GRAVITON RESEARCH CAPITAL LLPSell4960011695.7301 Jul 2024

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Mahanagar Gas Ltd News

MGL Q3FY26 Results: Strong Volume Growth Drives Performance

Mahanagar Gas Limited reports 7.19% YoY volume growth to 4.62 MMSCMD in Q3FY26, with EBITDA rising to INR352 crores and net profit at INR202 crores. Board approves 120% interim dividend.

16 Feb 2026

co actions results

MGL Q3FY26 Results: Revenue Up 11.6% YoY, Declares ₹12 Dividend

Mahanagar Gas reports Q3FY26 revenue of ₹2,265.97 crore, up 11.6% YoY. Net profit at ₹201.97 crore, down 9.5% YoY. Board declares interim dividend of ₹12 per share with February 13, 2026 record date.

07 Feb 2026

co actions results

MGL Board Meet on Feb 7 for Q3FY26 Results & Dividend

Mahanagar Gas Limited has scheduled its board meeting for February 07, 2026, to approve Q3FY26 financial results and consider interim dividend declaration for shareholders.

29 Jan 2026

co actions results

Mahanagar Gas Shows Double Bottom Pattern Reversal

Mahanagar Gas Ltd forms double bottom pattern on 2-hour chart, signaling potential near-term bullish reversal with breakout above neckline at ₹1,060 support level amid technical indicator confirmation.

20 Jan 2026

stocks

MGL Announces Full Restoration of GAIL Gas Supply to Mumbai by November 18 Afternoon

Mahanagar Gas Limited announced that GAIL's gas supply to Mumbai and its suburbs will be fully restored by the afternoon of November 18, 2025. The restoration will benefit gas consumers across Mumbai and suburban areas who were affected by the supply disruption.

19 Nov 2025

stock

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800