Welcome to Multibagg AI
Log in to access personalized features
Portfolio
Alerts
Ask Iris
Discovery
Timeline
Multibagg AI is an AI powered stock research and analysis platform. We provide data, information, content, and analytics for publicly traded Indian companies listed on NSE and BSE. AI can make mistakes, check important information.
Prices might be delayed by a few minutes.
Join our Exclusive Community
Join our Exclusive Community
Made with 💙 in India. © Finsky Technologies Pvt Ltd. 2026
Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.
Discovery themes featuring this stockBearish
5
Neutral
7
Bullish
2
Bearish
20
Neutral
7
Bullish
19
Bearish
15
Neutral
0
Bullish
17
Discovery themes featuring this stock| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
288.20 | 42,818 Cr | 10.46 | 1.92 | 0.00 | 17.56 | 21.47 | 14.92 | ||
254.75 | 24,300 Cr | 14.25 | 1.32 | 1.15 | 10.95 | 12.37 | 6.19 | ||
153.70 | 21,336 Cr | 15.76 | 1.85 | 3.12 | 13.47 | 17.20 | 7.95 | ||
1101.05 | 10,712 Cr | 14.99 | 1.67 | 2.77 | 13.09 | 17.37 | 7.96 | ||
87.85 | 3,006 Cr | 21.68 | 2.13 | 0.11 | 6.55 | 9.56 | 5.07 | ||
281.00 | 1,162 Cr | 15.09 | 1.16 | 0.53 | 5.33 | 8.65 | 5.93 | ||
188.40 | 125 Cr | 14.23 | 1.89 | 0.00 | 59.01 | 49.52 | 0.00 | ||
| Median: 7 Co. | — | 254.75 | 10,712 Cr | 14.99 | 1.85 | 0.53 | 13.09 | 17.20 | 6.19 |
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
LPG/CNG/PNG/LNG Supplier
10,712 Cr
Moderate Risk
15.0
16.5
1.3
1.7
1,377.05
902.00
Sales CAGR
Profit CAGR
ROE
ROCE
View Standalone
View Standalone
View Standalone
View Standalone
View Standalone
View Standalone
View Standalone
View Standalone
Mahanagar Gas Ltd (MGL) is currently trading at 1,101.05 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 ₹902.00 and a high of ₹1,377.05. 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 10,711.96. 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 14.99 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 10,711.96 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 its sector 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 14.99. 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.
MGL’s 31st AGM is scheduled for Tuesday, August 25, 2026 at 3:00 p.m. IST and will be held via Video Conference (VC) / OAVM.
MGL’s 31st AGM is scheduled for Tuesday, August 25, 2026 at 3:00 p.m. IST, to be held through VC/OAVM.
Mahanagar Gas has declared an interim dividend of ₹12.00 per share.
Mahanagar Gas reported standalone profit after tax of ₹193.70 crore for Q1 FY27 (quarter ended June 30, 2026).
