5nance5nance
5nance5nance
HomeScreens
LOGINGET FREE ACCOUNT

Mahanagar Gas Ltd.

•
mahanagargas.comBSE: 539957NSE: MGL
Market Cap₹ 10,712 Cr.
Current Price
High / Low₹ 1,378 / 900
Stock P/E14.9
Book Value₹ 671
Price to Book1.42
Dividend Yield2.77 %
ROCE18.9 %
ROE13.8 %
Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Oil Gas & Consumable Fuels

Reduce

Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.

Confidence
78%
View full sector analysis →

PROS

  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 27.2%
  • Company has a good return on equity (ROE) track record: 3 Years ROE 20.1%
  • Company has delivered good sales growth of 30.8% CAGR over last 5 years
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.30x)
  • Company has been maintaining a healthy dividend payout of 35.0%

CONS

  • Recent results are weak - TTM profit is down 36.1% versus prior year
  • Company has delivered a poor profit growth of 6.4% over past five years
  • Expensive relative to growth - PEG of 6.3

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsGas TransmissionGas Transmission/Marketing
Part ofNIFTY TOTAL MKTNIFTY SML250 Q50NIFTY 500NIFTY SMLCAP 250
S.No.Name
1.GAIL175.0011.65115064.243.144670.9996.0841350.1816.7110.1617.99
2.ATGL612.05106.4867313.880.041417.20757.6619067.901172.6216.9614.67
3.GUJENERGY259.0012.8124300.183.441007.40207.479771.38140.3511.3214.41
4.IGL152.4015.6821336.023.12237.92-44.395043.4416.5618.236.95
5.MGL1084.4514.9710711.962.77192.64-39.382598.9013.8818.7813.18
6.CFEL39.0613.5897.730.641.17409.5735.84-12.548.5911.04
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
1,6901,7291,7241,7191,7451,9632,0312,1512,1602,2552,2662,2582,598
1,1691,2501,2751,3251,3261,5491,7061,7561,6741,9171,9141,9982,369
Operating Profit521479449394418413325395485338352260229
OPM %30.84%27.70%26.03%22.91%23.99%21.06%15.99%18.37%22.47%14.98%15.54%11.53%8.80%
39444845404742423929292930
Interest3234333445656
Depreciation626668787284909583104103106109
Profit before Tax496454426357384373273338438258272178259
Tax %25.68%25.49%25.50%25.78%25.84%23.09%18.40%28.23%25.92%25.05%25.69%26.09%25.23%
Net Profit368338317265285287223242324193202132194
37.3034.2732.1126.8328.8029.0322.5824.5332.8319.5820.4513.3519.61

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
2,0342,2332,7912,9722,1533,5606,2996,2457,2618,2409,377
1,3911,4531,9061,9201,2222,6375,1154,4025,6946,7898,198
Operating Profit6437808851,0539319231,1841,8431,5671,4511,179
OPM %31.60%34.94%31.72%35.41%43.24%25.93%18.80%29.51%21.58%17.61%12.57%
545878998487112175169119118
Interest100778912142122
Depreciation95111126162174196231274352409422
Profit before Tax6017278379848348061,0561,7331,3711,141967
Tax %34.50%34.22%34.71%19.32%25.67%25.96%25.15%25.61%24.03%25.75%25.47%
Net Profit3934785467946205977901,2891,041847721
EPS39.8348.3855.3180.3362.7260.4379.98130.50105.4185.73—
Dividend Payout %47.70%39.27%36.16%43.57%36.67%41.37%32.51%22.99%28.46%34.99%—

COMPOUNDED SALES GROWTH

10 Years:
15%
5 Years:
31%
3 Years:
9%

COMPOUNDED PROFIT GROWTH

10 Years:
11%
5 Years:
6%
3 Years:
2%

STOCK PRICE CAGR

10 Years:
6%
5 Years:
-1%
3 Years:
2%
1 Year:
-14%

RETURN ON EQUITY

10 Years:
22%
5 Years:
20%
3 Years:
20%
Last Year:
14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2026

Aug 18

₹ 1.80

Rs.18.0000 per share(180%)Final Dividend

2026

Feb 13

₹ 1.20

Rs.12.0000 per share(120%)Interim Dividend

2025

Aug 14

₹ 1.80

Rs.18.0000 per share(180%)Final Dividend

2025

Feb 3

₹ 1.20

Interim Dividend

2024

Aug 14

₹ 1.80

Rs.18.0000 per share(180%)Final Dividend

2024

Feb 5

₹ 1.20

Rs.12.0000 per share(120%)Interim Dividend

2023

Aug 14

₹ 1.60

Rs.16.0000 per share(160%)Final Dividend

2023

Feb 14

₹ 1

Rs.10.0000 per share(100%)Interim Dividend

2022

Aug 11

₹ 1.55

Rs.15.5000 per share(155%)Final Dividend

2022

Feb 17

₹ 0.95

Rs.9.5000 per share(95%)Interim Dividend

2021

Sep 17

₹ 1.40

Rs.14.0000 per share(140%)Final Dividend

2021

Feb 18

₹ 0.90

Rs.9.0000 per share(90%)Interim Dividend

2020

Sep 16

₹ 1.05

Audited Results & Final Dividend

2020

Sep 16

₹ 1.50

Rs.15.0000 per share(150%)Special Dividend

2018

Sep 7

₹ 1.10

2018

Feb 20

₹ 0.80

Interim Dividend

2017

Sep 14

₹ 1.10

Rs.11.0000 per share(110%)Final Dividend

2017

Feb 17

₹ 0.80

Interim Dividend

2016

Sep 15

₹ 1.75

Rs.17.5000 per share(175%)Final Dividend

2026

Aug 4

₹ 1.80

Rs.18.0000 per share(180%)Final Dividend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital99999999999999999999
1,7411,9972,3002,8543,1343,4994,0355,0445,7806,335
32250588395124165140
Trade Payables120110152132156272322334431476
6618038889941,1551,2811,4811,6251,8101,916
Total Liabilities2,6243,0103,4414,1284,6015,2346,0327,2268,2848,965
1,3051,5321,7632,0492,1692,6143,0263,5434,8445,373
Capital Work in Progress4123573704875606167097741,0621,259
4676886541,1211,0251,0881,3101,6361,1781,169
24241919222734405262
0000000281363458
Cash & Bank13692299229512465228398333114
281318336223313423726554452529
Total Assets2,6243,0103,4414,1284,6015,2346,0327,2268,2848,965

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
7188809551,2231,0121,1161,2331,5631,4201,147
Cash from Investing-263-419-439-755-444-539-649-1,267-1,056-874
Cash from Financing-284-226-235-242-349-310-285-312-341-368
-15812-11135435-1522-95

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
32.5032.5032.5032.5032.5032.5032.5032.5032.51
31.4934.2025.7523.7625.4823.5924.8924.1323.22
16.6715.4621.1023.8222.5222.8920.8321.0122.53
10.0010.0010.0010.0010.0010.0010.0010.0010.00
9.347.8410.659.929.5011.0211.7812.3511.73

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07
Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-07 - Mahanagar Gas Limited has informed the Exchange about Schedule of meet

2026-08-26
Shareholders meeting

2026-08-26 - Mahanagar Gas Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 25, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-26
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-26 - Mahanagar Gas Limited has informed the Exchange about Schedule of meet

2026-08-25
Shareholders meeting

2026-08-25 - Mahanagar Gas Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 25, 2026

2026-08-07
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - Mahanagar Gas Limited has informed the Exchange about Transcript

2026-08-06
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-06 - Mahanagar Gas Limited has informed the Exchange about Schedule of meet

2026-08-06
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-06 - Mahanagar Gas Limited has informed the Exchange about Schedule of meet

2026-08-04
Copy of Newspaper Publication

2026-08-04 - Mahanagar Gas Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-03
General Updates

2026-08-03 - Mahanagar Gas Limited has informed the Exchange about Business Responsibility and Sustainability Report for the financial year 2025-26

News

Recent coverage and analyst commentary for MGL

Loading news…

🤖

AI Stock Analyst

Mahanagar Gas Ltd.

🔒

Sign in to Chat with AI

Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.

✨ Sign In to Chat

Free 5nance Account

5nance5nance

Stock analysis and screening tool

5nanceAI © 2020-2026

Made with ❤️ in India.

Data provided by Accord Fintech

Terms & Privacy.

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nance5nance

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nanceAI © 2020-2026

Data provided by Accord Fintech

Made with ❤️ in India.

HomeScreens
Login