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Oil, Gas & Consumable Fuels | Small Cap
Health Score : 7.92Mahanagar Gas Ltd presents a financially robust and highly profitable profile, characteristic of a stable utility company. Its greatest strength lies in its exceptionally strong solvency, with a near absence of debt, which significantly lowers its long-term financial risk. The company is also highly profitable, effectively converting revenues into profits and generating strong returns on its investments. However, this is contrasted by some notable challenges. The company's liquidity, or its ability to cover short-term bills, appears tight. A more significant concern is the divergence in growth trends; while revenues and assets are expanding, profits have recently declined, indicating pressure on margins. Heavy investment in infrastructure, while essential for a utility's future, is currently weighing on some efficiency metrics. Overall, it's a low-risk, profitable company facing challenges in translating top-line growth into bottom-line gains.
Health Score : 7.92Mahanagar Gas Ltd presents a financially robust and highly profitable profile, characteristic of a stable utility company. Its greatest strength lies in its exceptionally strong solvency, with a near absence of debt, which significantly lowers its long-term financial risk. The company is also highly profitable, effectively converting revenues into profits and generating strong returns on its investments. However, this is contrasted by some notable challenges. The company's liquidity, or its ability to cover short-term bills, appears tight. A more significant concern is the divergence in growth trends; while revenues and assets are expanding, profits have recently declined, indicating pressure on margins. Heavy investment in infrastructure, while essential for a utility's future, is currently weighing on some efficiency metrics. Overall, it's a low-risk, profitable company facing challenges in translating top-line growth into bottom-line gains.
Overall Valuation Score
Markets Depth NSE
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0
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Sell Orders
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0
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Markets Today NSE
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0.00
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0.00
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Avg Price
0.00
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0
Last Traded Quantity
0
Last Traded Time
N/A
Price Movement Indicator
Today's Low: 0.00
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P/E RATIO (TTM)
11.22
Industry Median
17.15
Small Cap Median
17.36
P/E RATIO
10.74
P/B RATIO
1.80
Industry Median
2.07
Small Cap Median
2.15
P/S RATIO
1.54
Industry Median
1.34
Small Cap Median
1.47
Others
PEG RATIO
0.00
EV/EBITDA RATIO
6.46
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹1131 as on Jun 15, 2026.
Growth Score : 4.80The company's growth profile shows a concerning divergence. While it is successfully expanding its sales and growing its asset base, which indicates market expansion and investment in the future, this is not translating into higher profits. Recent trends show a decline in both operating profit and net income. This suggests that the costs associated with growth, or other market pressures, are outpacing revenue gains, putting pressure on overall profitability and shareholder returns.
Revenue Growth RateExcellent
Operating Profit Growth RatePoorEarnings Per Share (EPS) GrowthPoorAsset Growth RateExcellentNet Income Growth RatePoor| Growth Ratios | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue Growth Rate | -0.14 | 15.48 | 13.52 |
| Operating Profit Growth Rate | 55.74 | -14.91 | -7.84 |
| Earnings Per Share (EPS) Growth | 62.62 | -19.01 | -19.17 |
| Asset Growth Rate | 20.24 | 14.02 | 8.6 |
| Net Income Growth Rate | 62.66 | -19.07 | -19.13 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Chennai Petroleum Corporation Ltd | 8.84 | 6.66 | Neutral | 4757.00 | 205.62 | 3103.00 |
| 2 | Mahanagar Gas Ltd | 7.92 | 10.74 | Neutral | 1446.00 | 85.73 | 841.00 |
| 3 | GSPL | N/A | N/A | N/A | N/A | N/A | N/A |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Quarterly Report⬤7th Feb 26
Quarterly Financial Results Q3 FY 2025-26
NEUTRAL SENTIMENT
Mahanagar Gas Ltd. (MGL) is a prominent City Gas Distribution (CGD) company in India, primarily operating in the Mumbai Metropolitan Region. It supplies Compressed Natural Gas (CNG) to vehicles and Piped Natural Gas (PNG) to domestic, commercial, and industrial consumers, promoting cleaner and more efficient energy solutions for its service areas.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Mahanagar Gas Ltd's P/E ratio (TTM) is 11.22, compared to the industry median of 17.15 and large cap median of 17.36.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Mahanagar Gas Ltd's P/B ratio is 1.80, compared to the industry median of 2.07 and large cap median of 2.15.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Mahanagar Gas Ltd's P/S ratio is 1.54, compared to the industry median of 1.34 and large cap median of 1.47.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Mahanagar Gas Ltd's PEG ratio is 0.95.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Mahanagar Gas Ltd's EV/EBITDA ratio is 6.46.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Mahanagar Gas Ltd's ROE is 13.08%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Mahanagar Gas Ltd's ROA is 16.10%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Mahanagar Gas Ltd's ROCE is 18%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Mahanagar Gas Ltd's operating margin is 17.54%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Mahanagar Gas Ltd's net margin is 10.20%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Mahanagar Gas Ltd's current ratio is 0.50.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Mahanagar Gas Ltd's debt-to-equity ratio is 0.03.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Mahanagar Gas Ltd's interest coverage ratio is 55.05.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Mahanagar Gas Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Mahanagar Gas Ltd's EPS is -19.17.
(Source line: "Ratios as of 19 Oct 2026, based on last traded price of ₹1131. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1995
Headquarters: Mumbai, Maharashtra
Core Offerings: Compressed Natural Gas (CNG), Piped Natural Gas (PNG) for domestic use, Piped Natural Gas (PNG) for commercial use, Piped Natural Gas (PNG) for industrial use
Stock Listing: NSE (MGL), BSE (539957)
Promoter: GAIL (India) Limited and Shell Gas B.V. (joint promoters)
1995: Incorporated as a joint venture between GAIL (India) Ltd., the Government of Maharashtra, and British Gas Asia Pacific Holdings Pte. Limited (now Shell Gas B.V.).
1996: Commenced operations, initiating the supply of PNG to domestic customers and CNG to vehicles in Mumbai.
2007: Expanded its operational footprint to cover Navi Mumbai, Thane, and other adjacent regions.
2016: Successfully completed its Initial Public Offering (IPO) and subsequently listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Present: Continues to be a key player in the Mumbai Metropolitan Region's city gas distribution sector, focusing on network expansion and customer base growth.
2022: Acquired Unison Enviro Private Limited to expand geographical presence beyond MMR.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| City Gas Distribution | 100% | N/A (company-wide EBITDA) |
Compressed Natural Gas (CNG): Supplies natural gas as a clean automotive fuel to a wide range of vehicles, including public transport (buses, taxis, auto-rickshaws) and private cars, through its extensive network of CNG dispensing stations.
Piped Natural Gas (PNG) - Domestic: Provides a convenient and continuous supply of natural gas directly to households for cooking, replacing traditional LPG cylinders and ensuring safety and ease of use.
Piped Natural Gas (PNG) - Commercial & Industrial: Caters to the energy demands of various commercial establishments (e.g., hotels, restaurants, bakeries) and diverse industrial units, offering reliable and cost-effective energy solutions.
Mahesh Vishwanathan Iyer (Chairman, Non-Executive): A nominee director of GAIL (India) Limited, also serving as Director (Business Development) at GAIL, bringing extensive industry experience. Sanjeev Kumar (Managing Director): An experienced professional in the oil and gas sector with a strong background in business development, operations, and strategic management.
Acquired 100% equity share capital of Unison Enviro Private Limited (UEPL) in March 2022 to expand its operational footprint. Has a consistent history of dividend payments.
The Mahanagar Gas Ltd share price today is ₹1131 on NSE (MGL), as of 23 Oct 2026.
As of 19 Oct 2026, Mahanagar Gas Ltd share price is ₹1131, with previous close ₹1131. Today's range is ₹1131 to ₹1131. The 52-week range is ₹900 to ₹1252.
As of today, Mahanagar Gas Ltd's market cap is ₹11,174.28 crore (Mid Cap).
Mahanagar Gas Ltd's current P/E ratio is 11.22, compared to the UTILITIES sector average of 21.
Mahanagar Gas Ltd's current P/B ratio is 1.80.
Mahanagar Gas Ltd's current dividend yield is N/A. Last dividend of ₹18.00 per share was declared on 26-Jul-2024.
Mahanagar Gas Ltd's EPS (TTM) is ₹-19.17.
Mahanagar Gas Ltd. (MGL) is a prominent City Gas Distribution (CGD) company in India, primarily operating in the Mumbai Metropolitan Region. It supplies Compressed Natural Gas (CNG) to vehicles and Piped Natural Gas (PNG) to domestic, commercial, and industrial consumers, promoting cleaner and more efficient energy solutions for its service areas.
Mahanagar Gas Ltd is promoted by GAIL (India) Limited and Shell Gas B.V. (joint promoters), holding 32.5% as of 19 Oct 2026.
Mahanagar Gas Ltd is listed on NSE (MGL) and BSE (539957). Its next quarterly results are expected on Q1 FY25 (Late July / Early August 2024).
