Mahanagar Gas Ltd share price logo

Mahanagar Gas Ltd

NSE: MGL

BSE: 539957

Small Cap

Oil & Gas Sector

₹1062.80

-8.90

(-0.83%)

as on

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Tech Chart

What are INDmoney investors doing with Mahanagar Gas shares?

Based on platform-user behaviour - not analyst opinion or company fundamentals.

Search interest on INDmoney

-8%

Searches for Mahanagar Gas on INDmoney have decreased by 8% over the last 30 days.

Average holding period of indmoney investors

38 days

INDmoney investors hold Mahanagar Gas shares for an average of 38 days.

Key Events for Mahanagar Gas

Last Dividend Declared

₹18.00 per share, declared on 07/05/2026

View Dividend History

Mahanagar Gas Stock Performance

as on September 16, 2026 at 5:33 pm IST

  • Day's Low

    Day's High

    ₹1,047.00
    ₹1,074.80
    downward going graph

    1.49%

    Downside

    1.13%

    Upside

    downward going graph

  • 52 Week's Low

    52 Week's High

    ₹900.00
    ₹1,378.00
    downward going graph

    15.32%

    Downside

    29.66%

    Upside

    downward going graph

Mahanagar Gas share price movements today

Previous Close
₹1,071.70
Open
₹1,062.80
Volume
52.00K
Upper Circuit
₹1,286.00
Lower Circuit
₹857.40
Day's Low - High
₹1,047.00 - ₹1,074.80
52 Week Low - High
₹900.00 - ₹1,378.00

Mahanagar Gas Historical Returns

1 Month Return
-5.08 %
3 Month Return
-9.61 %
1 Year Return
-21.38 %
3 Year Return
+ 1.69 %
5 Year Return
-8.78 %

Mahanagar Gas Fundamentals

as on September 16, 2026 at 12:03 pm IST

Market Cap

₹10,586.01 Cr

Return on Equity (ROE)

13.76

PE Ratio (TTM)

14.97

Return on capital employed (ROCE)

18.07

Industry PE ratio

19.26

Beta (LTM)

0.95

P/B Ratio

1.42

Dividend Yield

3.24

PEG Ratio

-0.41

Quarterly Earnings Growth YOY

-39.53

EPS (TTM)

85.09

Book Value

650.7

Mahanagar Gas Stock Valuation

as on September 16, 2026 at 12:03 pm IST

Mahanagar Gas in the last 5 years

  • Overview

  • Trends

Lowest (0.00x)

September 29, 2023

Today (14.97x)

September 11, 2026

Industry (19.26x)

September 11, 2026

Highest (16.67x)

October 3, 2024

LowHigh

Today’s Price to Earnings Ratio: 14.97x

Mahanagar Gas Technical Analysis

Track how Mahanagar Gas technical analysis has moved over time to understand its trends.

1 min
5 min
15 min
30 min
1 day
1 week
1 month

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Moving Averages

Bearish

Neutral

Bullish

Bullish

Oscillators

Bearish

Neutral

Bullish

Bullish

Overall

Bearish3
Bullish10
Neutral2

Oscillators

Name

Value

Action

MACD level (12,26)
0.03
Bullish
CCI (20)
-154.91
Bullish
RSI (14)
52.9
Neutral
Momentum (10)
1.3
Bearish
ADI (14)
50.83
Bullish
Ultimate Oscillator (7,14,28)
64.13
Neutral

Moving Averages

Name

Value

Action

SMA (20)
1063.48
Bullish
EMA (20)
1063.93
Bullish
VWMA (20)
1063.78
Bullish
SMA (50)
1064.54
Bearish
EMA (50)
1064.16
Bullish
SMA (200)
1062.18
Bullish
EMA (200)
1065.28
Bearish
KAMA (200)
1064.27
Bullish
DEMA (200)
1060.99
Bullish

Mahanagar Gas Ltd vs Peer Comparison

Compare market cap, revenue, PE, and other key metrics of Mahanagar Gas with its industry peers.

Company
Analyst View
Market Cap(in ₹ Cr)
5 Year CAGRDebt to Asset Ratio
Net Profit(in ₹ Cr)
Yearly Revenue(in ₹ Cr)
Mahanagar Gas Ltd image
Mahanagar Gas Ltd
BUY10,586.01-1.76%0.528408,245
Indraprastha Gas Ltd image
Indraprastha Gas Ltd
BUY21,004.22-9.49%0.511,54316,167
Gujarat Energy Ltd image
Gujarat Energy Ltd
HOLD22,851.55-12.86%0.001,14816,486
Gujarat State Petronet Ltd image
Gujarat State Petronet Ltd
HOLD15,140.61-3.97%0.631,63717,370
Petronet LNG Ltd image
Petronet LNG Ltd
BUY42,592.504.39%0.563,80943,494
See all

Market expectation of Mahanagar Gas Stock

Common consensus of the market based on various publicly available news, publications,brokerage expectation and market data

BUY

76.67%

Buy

13.33%

Hold

10.00%

Sell

Mahanagar Gas Ltd Quarterly Profit & Loss

Figures in Rupees Crores

Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sales
1,570.93
1,568.76
1,612.61
1,665.76
1,786.25
1,847.41
1,964.38
2,083.01
2,050.4
2,060.24
2,052.05
2,372.72
Other Income
43.71
48.07
44.13
35.65
46.93
41.99
42.02
32.15
29.02
29.6
29.1
30.43
Total Income
1,614.64
1,616.83
1,656.74
1,701.41
1,833.18
1,889.4
2,006.4
2,115.16
2,079.42
2,089.84
2,081.15
2,403.15
Expenses
1,092.05
1,120.07
1,217.57
1,229.01
1,372.83
1,522.62
1,570.23
1,583.11
1,714.41
1,708.93
1,793.69
2,030.25
Operating Profit
478.88
448.69
395.04
436.75
413.42
324.79
394.15
499.9
335.99
351.31
258.36
342.47
Operating Profit Margin %
30.48%
28.6%
24.5%
26.22%
23.14%
17.58%
20.06%
24%
16.39%
17.05%
12.59%
14.43%
Profit Before Interest, Tax and Depreciation
522.59
496.76
439.17
472.4
460.35
366.78
436.17
532.05
365.01
380.91
287.46
372.9
Interest
2.47
2.72
5.6
3.2
3.2
3.49
4.17
4.57
5.12
6.4
4.87
5.93
Depreciation
65.79
68.29
81.24
83.29
84.26
91.07
92.52
96.09
103.98
103.55
106.26
108.96
Profit Before Tax
454.33
425.75
352.33
385.91
372.89
272.22
339.48
431.39
255.91
270.96
176.33
258.01
Tax Paid
115.83
108.57
91.75
97.14
86.11
51.05
92.47
112.81
64.66
69.86
46.7
65.37
Profit After Tax
338.5
317.18
260.58
288.77
286.78
221.17
247.01
318.58
191.25
201.1
129.63
192.64
Total Net profit including share of profit / Loss from associate company
338.5
317.18
260.58
288.77
286.78
221.17
247.01
318.58
191.25
201.1
129.63
192.64
EPS
34.27
32.11
26.38
29.23
29.03
22.39
25.01
32.26
19.37
20.36
13.15
19.54
Actual EPS
34.27
32.11
26.38
29.23
29.03
22.39
25.01
32.26
19.37
20.36
13.15
19.54
Adjusted EPS
34.27
32.11
26.38
29.23
29.03
22.39
25.01
32.26
19.37
20.36
13.15
19.54
Diluted EPS
34.27
32.11
26.38
29.23
29.03
22.39
25.01
32.26
19.37
20.36
13.15
19.54

Mahanagar Gas Ltd Annual Profit & Loss

Figures in Rupees Crores

Mar 2023
Mar 2024
Mar 2025
Mar 2026
Sales
6,299.28
6,290.1
7,263.8
8,245.7
Other Income
111.88
174.87
166.59
119.87
Total Income
6,411.16
6,464.97
7,430.39
8,365.57
Expenses
5,115.09
4,446.2
5,694.69
6,800.14
Operating Profit
1,184.19
1,843.9
1,569.11
1,445.56
Operating Profit Margin %
18.8%
29.31%
21.6%
17.53%
Profit Before Interest, Tax and Depreciation
1,296.07
2,018.77
1,735.7
1,565.43
Interest
9.39
13.3
14.06
20.96
Depreciation
231.14
277.36
352.05
409.88
Profit Before Tax
1,055.54
1,728.11
1,369.59
1,134.59
Tax Paid
265.49
443.42
329.44
294.03
Profit After Tax
790.05
1,284.69
1,040.15
840.56
Total Net profit including share of profit / Loss from associate company
790.05
1,284.69
1,040.15
840.56
EPS
79.98
130.06
105.31
85.15
Actual EPS
79.98
130.06
105.31
85.15
Adjusted EPS
79.98
130.06
105.31
85.15
Diluted EPS
79.98
130.06
105.31
85.15

Mahanagar Gas Ltd Cash Flow

Figures in Rupees Crores

Mar 2023
Mar 2024
Mar 2025
Mar 2026
Net Cash from Operating Activities
969.3
1,567.87
1,406.61
1,162.29
Cash Flow from Investing Activities
-649.09
-1,057.15
-1,052.72
-888.26
Cash Flow from Financing Activities
-284.79
-499.25
-331.51
-368.58
Net Cash Flow
35.42
11.47
22.38
-94.55

Mahanagar Gas Stock Shareholding Pattern

Numbers in percentages

Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Promoters
32.5%
32.5%
32.5%
32.5%
32.5%
32.5%
32.5%
32.5%
32.5%
32.5%
32.5%
DII
16.72%
17.4%
16.67%
15.47%
21.1%
23.82%
22.52%
22.89%
20.83%
21.01%
22.53%
FII
0%
30.55%
31.49%
34.2%
25.75%
23.76%
25.48%
23.6%
24.89%
24.14%
23.21%
Government
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
Public
9.42%
9.55%
9.34%
7.84%
10.64%
9.92%
9.5%
11.02%
11.78%
12.35%
11.75%
Total Outstanding Shares
9,87,77,778
9,87,77,778
9,87,77,778
9,87,77,778
9,87,77,778
9,87,77,778
9,87,77,778
9,87,77,778
9,87,77,778
9,87,77,778
9,87,77,778
Total Shareholders
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
1,84,373
1,78,033

Mutual Funds Buying / Exiting Mahanagar Gas

Holdings as of 15 Sep 2026 · based on the latest SEBI-mandated portfolio disclosures

Mutual Funds Buying Mahanagar Gas

Sorted by largest increase in holding, month-over-month.

Fund Name

Value of Holding

Increase (MoM)

Holding %

Parag Parikh Flexi Cap Direct Growth

Parag Parikh Flexi Cap Direct Growth

₹365.50 Cr

₹167.55 Cr (+84.65%)

0.25%

Mutual Funds Exiting Mahanagar Gas

Sorted by largest decrease in holding, month-over-month.

Fund Name

Value of Holding

Decrease (MoM)

Holding %

HDFC Multi Cap Fund Direct Growth

HDFC Multi Cap Fund Direct Growth

₹172.67 Cr

₹0.04 Cr (-0.02%)

0.84%

Mahanagar Gas Corporate Actions

View detailed summary of the earnings and dividend history of Mahanagar Gas.

  • Mahanagar Gas Ltd Earnings Results

    Mahanagar Gas Ltd’s net profit fell -39.44% since last year same period to ₹193.00Cr in the Q1 2026-2027. On a quarterly growth basis, Mahanagar Gas Ltd has generated 48.53% jump in its net profits since last 3-months.

    Read More about Earnings Results

  • Mahanagar Gas Ltd Dividends May,2026

    In the quarter ending March 2026, Mahanagar Gas Ltd has declared dividend of ₹18.00 per share on 07 May 2026 - translating a dividend yield of 2.77%.

    Read More about Dividends

Indices Featuring Mahanagar Gas Stock

Check stock indices that include Mahanagar Gas.

S&P BSE Energy

₹11,058.89

+71.44 (▲0.65%)

Nifty Energy

₹37,175.80

+27.85 (▲0.07%)

S&P BSE 400 MidSmallCap

₹12,364.66

-42.18 (▲0.34%)

Nifty Smallcap 250

₹17,783.25

-109.55 (▲0.61%)

Nifty 500

₹22,501.55

+24.10 (▲0.11%)

S&P BSE 250 SmallCap

₹7,012.01

-40.61 (▲0.58%)

Nifty MidSmallcap 400

₹20,672.65

-78.05 (▲0.38%)

BSE 500

₹35,207.91

+38.29 (▲0.11%)

Insights on Mahanagar Gas Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 8.82% to 11.18% in Jun 2026 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, GAIL India Ltd has given 38.4% return, outperforming this stock by 36.7%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Adani Total Gas Ltd has given -4.2% return, outperforming this stock by 17.1%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 32.50% of holdings in Jun 2026 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 24.14% to 23.21% in Jun 2026 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, MGL stock has moved down by -5.1%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 12.35% to 11.75% in Jun 2026 quarter

About Mahanagar Gas Ltd

Mahanagar Gas Limited (MGL) is the largest city gas distributor in India, operating in Mumbai-Thane urban, adjoining municipalities and Raigad district in Maharashtra. MGL is the sole distributor of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG). As of March 31, 2017, the company supplied CNG to over 545,505 vehicles and PNG connections to 948,892 domestic households, 3218 commercial and 62 industrial consumers in Mumbai and its surrounding areas. MGL was incorporated in 1995, as a joint venture between the Gas Authority of India Limited (GAIL), the BG Group UK (formerly British Gas) and the Government of Maharashtra and has since connected over 4,838 kms of pipelines for CNG and PNG distribution. In 2017-18, it achieved the landmark of having a net worth in excess of Rs 2000 crores. MGL also provides outreach services to its customers, such as call center for grievances, CNG fueled two-wheelers in Mumbai, PGN supply operation to Uran in the Raigad district, and 200th CNG station opened in the Mumbai Metropolitan region.

Revenue: ₹2,372.72Cr as on June 2026 (Q1 FY27)
Net Profit: ₹192.64Cr as on June 2026 (Q1 FY27)
Listing date: 01 Jul, 2016
Chairperson Name: Sandeep Kumar Gupta
OrganisationMahanagar Gas Ltd
IndustryGas Distribution
CEOSandeep Kumar Gupta
E-voting on sharesClick here to vote

FAQs

What is Mahanagar Gas share price today?

Mahanagar Gas share price today stands at ₹1062.8 as on . Mahanagar Gas share today touched a day high of ₹1074.8 and a low of ₹1047.

What is the 52 week high and 52 week low range for Mahanagar Gas share?

Mahanagar Gas touched a 52 week high of ₹1378 and a 52 week low of ₹900. Mahanagar Gas share price today i.e. is trending at ₹1062.8, which is -22.87% down from its 52 week high and 18.09% up from its 52 week low.

What is Mahanagar Gas's market capitalisation today?

Mahanagar Gas market capitalisation is ₹10,586.01 Cr as on .

How to buy Mahanagar Gas shares?

To buy Mahanagar Gas shares, you need to follow these steps:

  • Open a Demat account and Trading account on INDmoney
  • Fund your Trading account
  • Search for MGL or Mahanagar Gas Ltd on the INDmoney app to check live prices of the stock
  • Click on Buy or SIP to place an order to invest in Mahanagar Gas shares. You can invest by selecting the number of shares or set up a fixed SIP to invest every month or week.

What is Mahanagar Gas trading volume today?

Mahanagar Gas trading volume is 52.00K as on . This means that 52.00K shares of Mahanagar Gas were bought and sold on the stock market during today's trading session.