| 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
1,043.30
+14.70
(1.43%)
Market Cap
10,305.49 Cr
PE Ratio
10.39
Volume
3,02,328.00
Day High - Low
1,051.00 - 1,029.10
52W High-Low
1,586.90 - 1,018.60
Key Fundamentals
Market Cap
10,305.49 Cr
EPS
105.33
PE Ratio
10.39
PB Ratio
1.64
Book Value
628.59
EBITDA
1,736.60
Dividend Yield
2.92 %
Industry
Oil & Gas Sector
Gas Supplier Return on Equity
17.65
Debt to Equity
0.03
Analyst Rating and Forecast
- By Refinitiv from30 analysts
Actual
Company News
View All News
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.
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.
Mahanagar Gas Appoints Two New Directors Following Shareholder ApprovalNov 18, 2025
Mahanagar Gas Limited shareholders approved the appointment of Ajay Sinha as Deputy Managing Director for 5 years and Pankaj Kuchhal as Independent Director for 3 years, both effective from August 23, 2025. The appointments bring over three decades of Oil & Gas industry experience in Sinha and 38 years of downstream sector expertise in Kuchhal to strengthen the company's leadership team.
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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 |
|---|---|---|---|---|---|---|---|---|
529.85 | #1 58,273.44 | 89.98 | 5,030.70 | 11.33 | 654 | 11.38 | 37.31 | |
290.65 | 43,597.50 | 11.35 | #1 51,755.00 | -2.97 | #1 3,884 | -4.63 | 60.26 | |
410.55 | 28,261.86 | 23.92 | 16,695.20 | 5.69 | 1,148 | 20.72 | 51.34 | |
174.96 | 24,494.43 | 15.32 | 15,261.90 | 7.02 | 1,713 | -15.24 | 32.10 | |
1,043.30 | #5 10,305.49 | #1 10.39 | #4 7,430.40 | #2 14.93 | #4 1,040 | #8 -33.30 | 37.81 | |
32.48 | 1,079.12 | 11.11 | 3,188.20 | #1 17.49 | 88 | -6.42 | 38.73 | |
242.85 | 997.13 | 23.18 | 1,009.90 | 10.46 | 47 | 5.00 | 31.69 | |
197.20 | 202.70 | 14.56 | 288.80 | 6.22 | 14 | #1 3,700.00 | 32.45 |
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 | Dec 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 % | 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 % | 24.89 % |
| 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 % | 20.83 % |
| 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 % | 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 % | 10.09 % |
| 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 % | 1.70 % |
| 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 | 1,79,761 |
Dividend History
| Annual Cash Flows | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 19 | 19 | 20 | 35 | 23 | 25 | 16 | 30 | 30 | 0.00 |
| Dividend Yield (%) | 1.98 | 1.8 | 2.44 | 2.99 | 2.95 | 2.54 | 1.17 | 2.16 | 2.92 | 0.00 |
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)-Analyst / Investor Meet - Intimation
7 hrs ago
7 hrs agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation7 hrs ago
7 hrs agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation7 hrs ago
7 hrs agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation7 hrs ago
7 hrs agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation7 hrs ago
7 hrs agoCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 05, 2026
Jan 05, 2026Closure of Trading WindowDec 24, 2025
Dec 24, 2025Announcement under Regulation 30 (LODR)-Credit RatingNov 28, 2025
Nov 28, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 19, 2025
Nov 19, 2025Announcement Under Regulation 30 (LODR) - Update On Clarification On Media Reports Regarding CNG Supply InterruptionNov 18, 2025
Nov 18, 2025Clarification sought from Mahanagar Gas LtdNov 18, 2025
Nov 18, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateNov 18, 2025
Nov 18, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportNov 18, 2025
Nov 18, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 06, 2025
Nov 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 06, 2025
Nov 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 30, 2025
Oct 30, 2025Announcement under Regulation 30 (LODR)-Investor PresentationOct 30, 2025
Oct 30, 2025Results - Financial Results For The Quarter And Half Year Ended September 30 2025Oct 29, 2025
Oct 29, 2025Board Meeting Outcome for Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30 2025Oct 29, 2025
Oct 29, 2025Announcement 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, 2025Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 33.72
ATR(14)
Volatile 31.91
STOCH(9,6)
Neutral 62.20
STOCH RSI(14)
Neutral 57.31
MACD(12,26)
Bullish 1.45
ADX(14)
Weak Trend 18.54
UO(9)
Bearish 47.23
ROC(12)
Downtrend And Accelerating -3.11
WillR(14)
Oversold -90.61
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...more
Listing Date
01 Jul, 2016(9 Years,
59 days)
Website
Chairperson NameSandeep Kumar Gupta
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