| Quarterly Financials | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 1,704 | 1,644 | 1,577 | 1,615 | 1,617 | 1,657 | 1,701 | 1,833 | 1,889 | 2,006 | 2,115 | 2,079 |
| Expenses | 1,415 | 1,221 | 1,017 | 1,092 | 1,120 | 1,218 | 1,229 | 1,373 | 1,523 | 1,570 | 1,583 | 1,714 |
| EBITDA | 288 | 423 | 560 | 523 | 497 | 439 | 472 | 460 | 367 | 436 | 532 | 365 |
| Operating Profit % | 15 % | 24 % | 34 % | 30 % | 29 % | 25 % | 26 % | 23 % | 18 % | 20 % | 24 % | 16 % |
| Depreciation | 59 | 64 | 62 | 66 | 68 | 81 | 83 | 84 | 91 | 93 | 96 | 104 |
| Interest | 2 | 2 | 3 | 3 | 3 | 6 | 3 | 3 | 4 | 4 | 5 | 5 |
| Profit Before Tax | 227 | 357 | 496 | 454 | 426 | 352 | 386 | 373 | 272 | 340 | 431 | 256 |
| Tax | 55 | 89 | 127 | 116 | 109 | 92 | 97 | 86 | 51 | 93 | 113 | 65 |
| Net Profit | 172 | 269 | 368 | 339 | 317 | 261 | 289 | 287 | 221 | 247 | 319 | 191 |
| EPS in ₹ | 17.42 | 27.21 | 37.30 | 34.27 | 32.11 | 26.38 | 29.23 | 29.03 | 22.39 | 25.01 | 32.26 | 19.37 |
Mahanagar Gas
Mahanagar Gas
1,215.60
-17.10
(-1.39%)
Company has added their latest Transcript1 day ago
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Key Fundamentals
Market Cap
12,007.40 Cr
EPS
105.33
PE Ratio
12.29
Dividend Yield
2.47 %
Industry
Oil & Gas 52 Week High
1,586.90
52 Week Low
1,075.25
PB Ratio
1.94
Debt to Equity
0.03
Sector
Gas Supplier Analyst Rating and Forecast
- By Refinitiv from30 analysts
Actual
Company News
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Mahanagar Gas has announced its strategic shift to prioritize volume growth over maintaining margins. The company plans to establish a new CNG station featuring 55-56 dispensing arms, with completion targeted for March-April.
Mahanagar Gas reported Q2 net profit of 1.9 billion rupees, down from 3.2 billion rupees in the previous quarter, missing analyst estimates of 2.63 billion rupees. Revenue declined slightly to 22.6 billion rupees from 22.8 billion rupees quarter-on-quarter. EBITDA fell to 3.4 billion rupees from 4.85 billion rupees, below estimates of 3.79 billion rupees. EBITDA margin compressed to 14.99% from 22.47% in the previous quarter, significantly lower than the estimated 19.2%.
MGL Schedules Quarterly Results Review for October 29Oct 22, 2025
MGL has announced it will review its quarterly results on October 29. The company has set this date for the review of its financial performance.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
611.20 | #1 67,220.40 | 107.43 | 5,030.70 | 11.33 | 654 | -11.91 | 41.84 | |
278.50 | 41,775.00 | #1 11.26 | #1 51,755.00 | -2.97 | #1 3,884 | -4.63 | 48.61 | |
212.00 | 29,680.00 | 17.89 | 15,261.90 | 7.02 | 1,713 | -10.91 | 49.91 | |
399.25 | 27,484.00 | 24.02 | 16,695.20 | 5.69 | 1,148 | -0.94 | 31.11 | |
1,215.60 | #5 12,007.40 | #2 12.29 | #4 7,430.40 | #2 14.93 | #4 1,040 | #8 -33.30 | 31.36 | |
40.90 | 1,358.90 | 14.22 | 3,188.20 | #1 17.49 | 88 | 33.12 | 37.13 | |
307.30 | 1,261.80 | 30.96 | 1,009.90 | 10.46 | 47 | -25.67 | 40.89 | |
276.85 | 284.60 | 19.75 | 288.80 | 6.22 | 14 | #1 3,700.00 | 39.92 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
14.93 %
Net Income Growth
-19.02 %
Cash Flow Change
-10.34 %
ROE
-29.34 %
ROCE
-30.99 %
EBITDA Margin (Avg.)
-25.17 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2023 | 2024 | 2025 |
| Total Assets | 6,032 | 7,253 | 8,270 |
| Fixed Assets | 3,026 | 4,235 | 4,854 |
| Current Assets | 2,006 | 1,908 | 1,946 |
| Capital Work in Progress | 709 | 823 | 1,068 |
| Investments | 1,310 | 1,069 | 1,162 |
| Other Assets | 988 | 1,126 | 1,186 |
| Total Liabilities | 6,032 | 7,253 | 8,270 |
| Current Liabilities | 1,561 | 1,700 | 1,875 |
| Non Current Liabilities | 337 | 410 | 501 |
| Total Equity | 4,134 | 5,143 | 5,895 |
| Reserve & Surplus | 4,035 | 5,040 | 5,781 |
| Share Capital | 99 | 99 | 99 |
Cash Flow
| Cash Flow | 2023 | 2024 | 2025 |
| Net Cash Flow | 35 | 12 | 22 |
| Investing Activities | -649 | -1,057 | -1,052 |
| Operating Activities | 969 | 1,568 | 1,406 |
| Financing Activities | -285 | -499 | -332 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % | 32.50 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 30.55 % | 31.49 % | 34.20 % | 25.75 % | 23.76 % | 25.48 % | 23.60 % |
| DIIs | 16.75 % | 17.96 % | 17.39 % | 18.99 % | 17.21 % | 15.92 % | 15.47 % | 15.61 % | 14.93 % | 15.16 % | 15.50 % | 16.72 % | 17.40 % | 16.67 % | 15.47 % | 21.10 % | 23.82 % | 22.52 % | 22.89 % |
| Government | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % | 10.00 % |
| Public / Retail | 7.82 % | 8.11 % | 8.70 % | 11.11 % | 13.05 % | 13.27 % | 11.66 % | 10.58 % | 9.94 % | 8.62 % | 9.27 % | 7.98 % | 8.03 % | 7.85 % | 6.51 % | 8.70 % | 8.09 % | 7.99 % | 9.32 % |
| Others | 32.93 % | 31.43 % | 31.41 % | 27.40 % | 27.24 % | 28.30 % | 30.37 % | 31.32 % | 32.62 % | 33.73 % | 32.73 % | 32.80 % | 1.52 % | 1.49 % | 1.33 % | 1.94 % | 1.83 % | 1.51 % | 1.69 % |
| No of Share Holders | 1,48,404 | 1,53,827 | 1,64,038 | 1,92,455 | 2,18,221 | 2,14,250 | 1,99,724 | 1,81,222 | 1,67,717 | 1,54,383 | 1,53,582 | 1,41,617 | 1,49,718 | 1,47,540 | 1,42,738 | 1,73,905 | 1,67,650 | 1,66,589 | 1,78,576 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 19 | 19 | 20 | 35 | 23 | 25 | 16 | 30 | 30 |
| Dividend Yield (%) | 0.00 | 1.98 | 1.8 | 2.44 | 2.99 | 2.95 | 2.54 | 1.17 | 2.16 | 2.47 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 22 Feb 2021 |  Dividend | ₹ 9.00 /share | 18 Feb 2021 | 1,110.95 | 1,183.05 |
| 21 Sept 2021 | Dividend | ₹ 14.00 /share | 17 Sept 2021 | 1,130.80 | 1,107.55 |
| 18 Feb 2022 | Dividend | ₹ 9.50 /share | 17 Feb 2022 | 832.50 | 776.25 |
| 17 Aug 2022 | Dividend | ₹ 15.50 /share | 11 Aug 2022 | 762.40 | 921.60 |
| 14 Feb 2023 | Dividend | ₹ 10.00 /share | 14 Feb 2023 | 880.00 | 891.35 |
| 16 Aug 2023 | Dividend | ₹ 16.00 /share | 14 Aug 2023 | 979.95 | 985.55 |
| 05 Feb 2024 | Dividend | ₹ 12.00 /share | 05 Feb 2024 | 1,314.90 | 1,476.95 |
| 14 Aug 2024 | Dividend | ₹ 18.00 /share | 14 Aug 2024 | 1,378.85 | 1,790.65 |
| 23 Aug 2024 |  Annual General Meeting | NA | 23 Aug 2024 | 1,891.45 | 1,815.45 |
| 24 Oct 2024 |  Quarterly Result Announcement | NA | 24 Oct 2024 | 1,760.65 | 1,577.90 |
| 28 Jan 2025 | Quarterly Result Announcement | NA | 28 Jan 2025 | 1,321.35 | 1,258.75 |
| 03 Feb 2025 | Dividend | ₹ 12.00 /share | 03 Feb 2025 | 1,258.75 | 1,374.30 |
| 06 May 2025 | Quarterly Result Announcement | NA | 06 May 2025 | 1,333.70 | 1,404.85 |
| 22 Jul 2025 | Quarterly Result Announcement | NA | 22 Jul 2025 | 1,475.65 | 1,513.30 |
| 14 Aug 2025 | Dividend | ₹ 18.00 /share | 14 Aug 2025 | 1,404.85 | 1,343.70 |
| 22 Aug 2025 | Annual General Meeting | NA | 22 Aug 2025 | 1,412.40 | 1,329.75 |
| 29 Oct 2025 | Quarterly Result Announcement | NA | 29 Oct 2025 | 1,290.45 | 1,291.05 |
Announcements
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome9 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Investor Presentation9 days ago
9 days agoResults - Financial Results For The Quarter And Half Year Ended September 30 202510 days ago
10 days agoBoard Meeting Outcome for Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30 202510 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 24, 2025
Oct 24, 2025Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended September 30 2025Oct 22, 2025
Oct 22, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 16, 2025
Oct 16, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotOct 16, 2025
Oct 16, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 09, 2025
Oct 09, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 06, 2025
Oct 06, 2025Closure of Trading WindowSep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateSep 08, 2025
Sep 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 26, 2025
Aug 26, 2025Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 26, 2025
Aug 26, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 25, 2025
Aug 25, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateAug 22, 2025
Aug 22, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateAug 22, 2025
Aug 22, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 22, 2025
Aug 22, 2025Effective Date Of The Scheme Of AmalgamationAug 16, 2025
Aug 16, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 04, 2025
Aug 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 04, 2025
Aug 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 04, 2025
Aug 04, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 01, 2025
Aug 01, 2025Letter Sent To Shareholders - Annual Report FY 2024-25Jul 31, 2025
Jul 31, 2025Record Date For The Purpose Of Payment Of Final Dividend On Equity Shares For FY 2024-25Jul 31, 2025
Jul 31, 2025Business Responsibility and Sustainability Reporting (BRSR)Jul 31, 2025
Jul 31, 2025Reg. 34 (1) Annual Report.Jul 31, 2025
Jul 31, 2025Notice Of 30Th Annual General MeetingJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJul 30, 2025
Jul 30, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 28, 2025
Jul 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 23, 2025
Jul 23, 2025Certified True Copy Of The Oder Passed By The National Company Law TribunalJul 23, 2025
Jul 23, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 23, 2025
Jul 23, 2025Results - Financial Results For The Quarter Ended June 30 2025Jul 22, 2025
Jul 22, 2025Board Meeting Outcome for Board Meeting Outcome For Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter Ended June 30 2025Jul 22, 2025
Jul 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 17, 2025
Jul 17, 2025Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30 2025Jul 15, 2025
Jul 15, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 11, 2025
Jul 11, 2025Pronouncement Of Order By The HonBle National Company Law Tribunal Mumbai Bench Sanctioning The Scheme Of Amalgamation Of Unison Enviro Private Limited Wholly Owned Subsidiary With Its Holding Company I.E. Mahanagar Gas Limited And Their Respective SharehJul 09, 2025
Jul 09, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 03, 2025
Jul 03, 2025Closure of Trading WindowJun 26, 2025
Jun 26, 2025Announcement Under Regulation 30 (LODR)-Investor PresentationJun 06, 2025
Jun 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 29, 2025
May 29, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 29, 2025
May 29, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 26, 2025
May 26, 2025Mutual Fund Holdings
Axis Small Cap Fund Direct-Growth 
Canara Robeco Small Cap Fund Direct - Growth 
Aditya Birla Sun Life PSU Equity Fund Direct-Growth 
ICICI Prudential Energy Opportunities Fund Direct-Growth 
Mahindra Manulife Multi Cap Fund Direct - Growth 
HDFC Multi Cap Fund Direct - Growth 
UTI Dividend Yield Fund Direct-Growth 
Edelweiss Small Cap Fund Direct - Growth 
Tata Retirement Savings Fund Progressive Plan Direct-Growth 
NJ Balanced Advantage Fund Direct - Growth 
Baroda BNP Paribas Multi Cap Fund Direct-Growth 
Franklin India Dividend Yield Fund Direct-Growth 
Bandhan Infrastructure Fund Direct Plan-Growth 
Sundaram Value Fund Direct-Growth 
Bajaj Finserv Multi Asset Allocation Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 31.36
ATR(14)
Less Volatile 26.36
STOCH(9,6)
Oversold 17.77
STOCH RSI(14)
Oversold 0.00
MACD(12,26)
Bearish -6.78
ADX(14)
Weak Trend 14.86
UO(9)
Bearish 34.59
ROC(12)
Downtrend And Accelerating -5.23
WillR(14)
Oversold -94.52
About Mahanagar Gas
Mahanagar Gas Limited (MGL) is a major city gas distribution company in India, operating in Mumbai, Thane, and Raigad district of Maharashtra. It distributes compressed natural gas (CNG) for vehicles and piped natural gas (PNG) for domestic, commercial, and industrial use through an extensive pipeline network. MGL was incorporated in 1995 as a joint venture between GAIL, BG Group UK, and the Government of Maharashtra. The company has expanded its operations over the years, increasing its pipeline network, CNG stations, and customer base. As of 2023, MGL has over 5,000 km of polyethylene pipelines, 476 km of steel pipelines, and 256 CNG filling stations. The company also offers PNG for various industries and has recently introduced electric vehicle charging facilities at some CNG stations.
Listing Date
01 Jul, 2016(9 Years,
8 days)
Website
Chairperson NameSandeep Kumar Gupta
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