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Discovery themes featuring this stockMahanagar Gas Ltd (MGL) is currently trading at 1,094.45 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Mahanagar Gas Limited is one of India’s largest city gas distribution companies, supplying CNG and PNG across Mumbai, Thane and Raigad with an extensive pipeline network, 491 CNG stations and around 3.07 million PNG household connections which constitute the company’s core regulated distribution business and customer base. MGL delivered steady volume growth with Q3 FY26 average sales at 4.62 MMSCMD (up 7.19% YoY) and nine‑month average at 4.556 MMSCMD, driven by CNG, domestic PNG and I&C additions, while company targets double‑digit volume growth on a medium‑term basis and reported strong customer additions during the quarter. Margins and profitability show mixed signals: standalone Q3 revenue rose 11.5% YoY to ₹2,058 crore while PAT declined 9.4% YoY to ₹202 crore for the quarter; management guidance targets EBITDA per SCM in the INR8–9 range longer term, reflecting procurement index volatility and portfolio management efforts. Strategic moves are notable: MGL has materially expanded footprint via UEPL acquisition, progressing large-format CNG stations in Mumbai, commissioning first LNG station via MLPL, and entered a battery cell JV with approved capex, signalling diversification beyond traditional CGD into LNG and energy storage opportunities. Regulatory and sourcing dynamics are front-and-center: MGL is actively managing gas procurement mix across APM, NWG, HPHT, Henry Hub and spot markets, while zonal unified tariffs, CBG incentives, and Henry Hub volatility remain key determinants of near-term cost and margin performance.
Over the past 52 weeks, Mahanagar Gas Ltd has traded between a low of ₹1,019.00 and a high of ₹1,586.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Mahanagar Gas Ltd has a market capitalization of approximately 10,877.41. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Mahanagar Gas Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 11.36 and operates in the Gas Distribution sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 10,877.41 Cr, Mahanagar Gas Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Mahanagar Gas Ltd operates in the Gas Distribution sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Mahanagar Gas Ltd is 11.36. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Mahanagar Gas reported an 11.6% year-on-year increase in revenue to ₹2,265.97 crore, but its net profit declined by 9.4% to ₹201.97 crore. The company also declared an interim dividend of ₹12 per share.
Bearish
4
Neutral
5
Bullish
5
Bearish
36
Neutral
5
Bullish
5
Bearish
32
Neutral
0
Bullish
0
Change in Directors
Mahanagar Gas Ltd notified that Shri Sandeep Kumar Gupta will cease as Chairman and Director with effect from March 1, 2026 and Shri Deepak Gupta (DIN:09503339) is appointed Additional Director and designated Chairman effective March 1, 2026, until further orders from GAIL and subject to shareholder approval.
Change in Directors/KMP
Mahanagar Gas announced Sandeep Kumar Gupta will cease as Chairman and Director effective March 1, 2026; Deepak Gupta (DIN: 09503339) is appointed Additional Non‑Executive Non‑Independent Director designated as Chairman from March 1, 2026, subject to GAIL orders and shareholder approval.
Change in Directors/KMP
Mahanagar Gas announced Shri Sandeep Kumar Gupta will cease as Director and Chairman effective March 1, 2026 following GAIL's nomination withdrawal; Shri Deepak Gupta (DIN:09503339) has been appointed Additional Non‑Executive, Non‑Independent Director designated as Chairman from March 1, 2026, subject to shareholder approval.
Change in Directors
Mahanagar Gas Ltd announced Shri Sandeep Kumar Gupta will cease as Director & Chairman effective Mar 1, 2026 following GAIL's nomination withdrawal; Shri Deepak Gupta appointed Additional Non‑Executive Non‑Independent Director designated as Chairman from Mar 1, 2026, subject to shareholder approval.
Mahanagar Gas Limited is one of India’s largest city gas distribution companies, supplying CNG and PNG across Mumbai, Thane and Raigad with an extensive pipeline network, 491 CNG stations and around 3.07 million PNG household connections which constitute the company’s core regulated distribution business and customer base.
MGL delivered steady volume growth with Q3 FY26 average sales at 4.62 MMSCMD (up 7.19% YoY) and nine‑month average at 4.556 MMSCMD, driven by CNG, domestic PNG and I&C additions, while company targets double‑digit volume growth on a medium‑term basis and reported strong customer additions during the quarter.
Margins and profitability show mixed signals: standalone Q3 revenue rose 11.5% YoY to ₹2,058 crore while PAT declined 9.4% YoY to ₹202 crore for the quarter; management guidance targets EBITDA per SCM in the INR8–9 range longer term, reflecting procurement index volatility and portfolio management efforts.
Strategic moves are notable: MGL has materially expanded footprint via UEPL acquisition, progressing large-format CNG stations in Mumbai, commissioning first LNG station via MLPL, and entered a battery cell JV with approved capex, signalling diversification beyond traditional CGD into LNG and energy storage opportunities.
Regulatory and sourcing dynamics are front-and-center: MGL is actively managing gas procurement mix across APM, NWG, HPHT, Henry Hub and spot markets, while zonal unified tariffs, CBG incentives, and Henry Hub volatility remain key determinants of near-term cost and margin performance.
Gas Distribution
Gas Distribution
10,877 Cr
High Risk
11.4
16.6
3.3
1.8
1,586.00
1,019.00
Sales CAGR
Profit CAGR
ROE
ROCE
| Symbol | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
157.45 | 22,043 Cr | 13.25 | 1.96 | 4.45 | 14.23 | 17.81 | 9.89 | |
288.00 | 16,379 Cr | 15.44 | 1.37 | 1.72 | 8.63 | 17.47 | 7.23 | |
1101.20 | 10,877 Cr | 11.36 | 1.75 | 2.72 | 15.76 | 20.47 | 11.06 | |
221.65 | 910 Cr | 20.30 | 0.94 | 0.68 | 4.22 | 7.78 | 3.89 | |
152.95 | 116 Cr | 9.66 | 1.76 | 0.00 | 59.01 | 49.52 | 0.00 | |
40.95 | 9 Cr | 63.98 | 2.34 | 0.00 | 0.44 | 0.57 | 1.35 | |
0.94 | 2 Cr | 9.40 | 0.11 | 0.00 | -15.32 | -6.12 | -10.13 |
