Mahanagar Gas Limited

BSE: MGL539957ISIN INE002S01010

Energy
LPG/CNG/PNG/LNG Supplier
BSE 500

Share price

₹1,058.10+1.80 (+0.17%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹1,282.00
52W low: ₹902.00
Off 52W high: -17.46%
1M return: +1.36%
3M return: -5.15%
6M return: -9.46%
1Y return: -16.23%
20D avg volume: 43,340
50 DMA: ₹1,063.79
200 DMA: ₹1,089.03

Key ratios Consolidated

Market cap: ₹10,452 Cr
Current price: ₹1,058.10
52W high / low: ₹1,282.00 / ₹902.00
Face value: ₹10.00
P/E: 15.87
P/B: 1.59
EPS (TTM): ₹66.69
Book value / share: ₹665.99
ROE: —
ROCE: 16.50%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-57.20 Cr
Interest cover: 55.37
Dividend yield: 2.84%
Dividend / share (TTM): ₹30.00
Payout: 44.98%
Cash conversion cycle: 1.7 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	2,778	2,599	2,259	2,268	2,256	2,282	2,152	2,032	1,963	1,832	1,771	1,724
	23.55	30.43	29.10	29.60	29.02	32.15	42.02	41.99	46.93	35.65	44.13	48.07
	2,802	2,629	2,288	2,298	2,285	2,314	2,194	2,073	2,010	1,868	1,816	1,772
	2,598	2,371	2,110	2,026	2,028	1,882	1,854	1,801	1,638	1,482	1,470	1,346
	1,915	1,734	1,482	1,418	1,426	1,312	1,281	1,269	1,126	1,005	977.72	923.06
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	60.42	46.42	43.08	47.55	48.88	37.14	35.30	35.51	43.95	32.05	30.68	29.11
	7.83	5.93	4.87	6.40	5.12	4.57	4.17	3.49	3.20	3.20	5.60	2.72
	116.65	108.96	106.26	103.55	103.98	96.09	92.52	91.07	85.17	83.29	87.75	68.29
	501.28	476.29	474.13	450.82	443.88	433.15	441.28	219.05	203.20	191.87	207.67	167.92
	203.91	258.32	177.93	271.73	257.78	432.17	340.34	272.21	371.98	385.91	345.82	425.75
	-17.33	0.00	0.00	0.00	0.00	0.00	-0.86	0.00	0.00	0.00	0.00	0.00
	186.58	258.32	177.93	271.73	257.78	432.17	339.48	272.21	371.98	385.91	345.82	425.75
	50.00	65.37	46.70	69.86	64.66	113.60	92.47	51.05	88.48	97.14	93.56	108.57
	135.40	192.64	129.62	201.10	191.25	317.79	247.01	221.16	283.50	288.77	252.26	317.18
	13.73	19.54	13.15	20.36	19.37	32.18	25.01	22.39	28.70	29.23	25.54	32.11
Key metrics
	311.06	373.21	289.06	381.68	366.88	532.83	436.17	366.77	460.35	472.40	439.17	496.76
	11.20%	14.40%	12.80%	16.80%	16.30%	23.30%	20.30%	18.10%	23.50%	25.80%	24.80%	28.80%
	4.90%	7.40%	5.70%	8.90%	8.50%	13.90%	11.50%	10.90%	14.40%	15.80%	14.20%	18.40%
	2.60%	—	2.60%	—	3.90%	—	5.40%	—	—	—	—	—
	23.10%	13.90%	4.90%	11.60%	15.00%	24.60%	21.50%	17.90%	—	—	—	—
	-29.20%	-39.40%	-47.50%	-9.10%	-32.50%	10.00%	-2.10%	-30.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	9,904	9,065	7,979	6,914
	112.68	119.87	166.59	174.87
	10,016	9,185	8,146	7,089
	9,105	8,046	6,775	5,368
	6,549	5,637	4,680	3,645
	0.00	0.00	0.00	—
	197.47	176.65	146.81	119.41
	25.03	20.96	14.06	13.30
	435.42	409.88	352.05	283.87
	1,903	1,802	1,583	681.19
	911.89	1,140	1,370	1,722
	-17.33	0.00	-0.86	0.00
	894.56	1,140	1,370	1,722
	231.93	294.04	329.14	445.23
	658.76	840.55	1,040	1,276
	66.78	85.15	105.33	129.21
Key metrics
	1,355	1,570	1,736	2,019
	13.68%	17.30%	21.80%	29.20%
	6.65%	9.30%	13.00%	18.50%
	—	16.50%	21.60%	—
	13.54%	13.60%	15.40%	—
	-32.59%	-19.20%	-18.50%	—
	—	86.69	630.51	—
	—	1.38	1.74	—
	—	0.00	0.00	—
	—	-57.20	-151.75	—
	—	1.7	-0.6	—
Balance sheet
	—	8,981	8,270	—
	—	1,837	1,946	—
	—	57.20	151.75	—
	—	458.65	364.06	—
	—	62.58	52.32	—
	—	28.39	—	—
	—	4,985	4,422	—
	—	479.48	431.28	—
	—	1,959	1,875	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	6,442	5,895	—
Cash flow
	—	1,162	1,814	—
	—	-888.26	-1,462	—
	—	-368.58	-329.80	—
	—	1,076	1,184	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	2,777	2,598	2,258	2,266	2,255	2,160	2,039	1,929	1,877	1,745	1,719	1,724
	23.51	30.37	28.99	29.41	28.87	38.69	46.41	46.29	51.15	40.16	44.57	48.07
	2,800	2,628	2,287	2,295	2,284	2,198	2,085	1,975	1,929	1,785	1,764	1,772
	2,596	2,369	2,109	2,024	2,026	1,761	1,746	1,697	1,555	1,401	1,407	1,346
	1,914	1,733	1,482	1,416	1,425	1,237	1,213	1,205	1,080	959.76	951.70	923.06
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	60.47	46.34	42.98	47.47	48.84	34.61	33.02	33.42	41.60	29.74	29.40	29.11
	7.59	5.73	4.77	6.30	5.01	3.70	3.88	3.38	3.07	3.10	3.83	2.72
	116.27	108.55	106.08	103.37	103.80	82.58	81.82	79.11	73.48	71.85	77.52	68.29
	501.22	476.10	473.76	450.68	443.76	403.38	414.33	204.90	191.42	181.70	192.18	167.92
	204.40	259.07	178.48	271.81	258.01	437.77	339.08	278.22	373.12	383.69	357.01	425.75
	-17.33	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	187.07	259.07	178.48	271.81	258.01	437.77	339.08	278.22	373.12	383.69	357.01	425.75
	50.04	65.37	46.56	69.84	64.64	113.45	86.89	52.85	90.31	99.16	92.02	108.57
	137.03	193.70	131.92	201.97	193.37	324.32	252.19	225.37	282.80	284.53	264.99	317.18
	13.87	19.61	13.35	20.45	19.58	32.83	25.53	22.82	28.63	28.80	26.83	32.11
Key metrics
	310.93	373.35	289.33	381.48	366.82	524.05	424.78	360.71	449.67	458.64	438.36	496.76
	11.20%	14.40%	12.80%	16.80%	16.30%	24.30%	20.80%	18.70%	24.00%	26.30%	25.50%	28.80%
	4.90%	7.50%	5.80%	8.90%	8.60%	15.00%	12.40%	11.70%	15.10%	16.30%	15.40%	18.40%
	2.70%	—	2.60%	—	3.90%	—	5.40%	—	—	—	—	—
	23.10%	20.30%	10.70%	17.50%	20.10%	23.80%	18.60%	11.90%	—	—	—	—
	-29.10%	-40.30%	-47.70%	-10.40%	-31.60%	14.00%	-4.80%	-28.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	9,899	9,060	7,590	6,862	6,921	3,885
	112.28	119.20	184.01	175.30	111.88	85.74
	10,011	9,179	7,774	7,037	7,033	3,971
	9,097	8,038	6,400	5,304	5,977	3,164
	6,544	5,632	4,458	3,618	4,436	2,046
	0.00	0.00	0.00	—	—	—
	197.26	176.36	137.78	118.13	107.89	83.31
	24.39	20.57	13.43	11.53	9.39	7.53
	434.27	409.18	306.26	273.64	231.14	196.27
	1,902	1,801	1,485	665.70	572.35	507.16
	913.76	1,141	1,374	1,733	1,056	806.26
	-17.33	0.00	0.00	—	—	—
	896.43	1,141	1,374	1,733	1,056	806.26
	231.81	293.70	329.21	443.69	265.49	209.31
	664.62	846.82	1,045	1,289	790.05	596.95
	67.28	85.73	105.78	130.50	79.98	60.43
Key metrics
	1,355	1,570	1,694	2,018	1,296	1,010
	13.69%	17.30%	22.30%	29.40%	18.70%	26.00%
	6.71%	9.30%	13.80%	18.80%	11.40%	15.40%
	—	16.60%	21.80%	—	—	—
	18.08%	19.40%	10.60%	-0.90%	78.20%	—
	-33.22%	-19.00%	-18.90%	63.20%	32.30%	—
	—	85.69	293.06	—	—	—
	—	1.36	1.31	—	—	—
	—	0.00	0.00	—	—	—
	—	-56.56	-134.30	—	—	—
	—	1.8	-1.0	—	—	—
Balance sheet
	—	8,965	8,204	—	—	—
	—	1,830	1,891	—	—	—
	—	56.56	134.30	—	—	—
	—	458.36	345.62	—	—	—
	—	62.50	48.92	—	—	—
	—	28.39	22.25	—	—	—
	—	4,966	4,098	—	—	—
	—	475.62	415.41	—	—	—
	—	1,955	1,840	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	6,434	5,889	—	—	—
Cash flow
	—	1,147	1,368	—	—	—
	—	-874.43	-1,113	—	—	—
	—	-368.14	-223.51	—	—	—
	—	1,062	1,075	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +9.39%
Sales CAGR 5Y: —
Profit CAGR 3Y: +2.34%
Profit CAGR 5Y: —
Sales YoY (TTM): +18.08%
Profit YoY (TTM): -33.22%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +13.54%
Profit YoY (TTM): -32.59%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 32.50%

Quarter	September 2026	June 2026
Promoter %	32.50%	32.50%

Holder	Type	Holding	Previous	Change
Gail (India) Limited	Promoter	32.50%	32.50%	0.00%
Governor of Maharashtra	Public	10.00%	10.00%	0.00%
Life Insurance Corporation Of India	Public	5.80%	6.75%	-0.95%
Parag Parikh Flexi Cap Fund	Public	4.05%	1.68%	+2.37%
Uti Value Fund	Public	1.85%	1.85%	0.00%
Hdfc Mutual Fund - Hdfc Multi Cap Fund	Public	1.74%	1.74%	0.00%
Cape Ann Global Developing Markets Fund	Public	1.51%	1.53%	-0.02%
Robeco Capital Growth Funds - Robeco Asia-Pacific Equities	Public	1.51%	1.49%	+0.02%
Washington State Investment Board Managed By Brandes Investment Partners, L.P.	Public	1.49%	1.49%	0.00%
Mercer Qif Fund Plc-Mercer Investment Fund 1	Public	1.22%	—	—
Aditya Birla Sun Life Mutual Fund - Aditya Birla Sun Life Psu Equity Fund	Public	1.10%	—	—
Bajaj Life Insurance Limited	Public	1.03%	1.10%	-0.07%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
ADANI TOTAL GAS LIMITED	62,695	570.05	97.66	13.50%	+23.97% TTM	+2.60% TTM	-9.34%
PETRONET LNG LTD.	46,515	310.10	10.04	21.30%	-29.65% TTM	+26.31% TTM	+10.53%
Gujarat Energy Limited	20,772	221.40	12.18	11.50%	+41.97% TTM	+48.95% TTM	-45.62%
Indraprashtha Gas Ltd.	19,145	136.75	19.29	13.90%	+14.33% TTM	-37.64% TTM	-36.34%
Mahanagar Gas Limited	10,452	1,058.10	15.87	16.50%	+13.54% TTM	-32.59% TTM	-16.23%
GSPL Transmission Limited	3,512	112.30	—	—	—	—	—
Confidence Petroleum India Limited	2,099	63.17	15.14	9.90%	+72.45% TTM	+44.65% TTM	+53.03%
IRM ENERGY LIMITED	948	230.85	11.03	8.40%	+16.07% TTM	+109.84% TTM	-25.95%

Filings & corporate actions

Recent announcements

Link of Audio Recording of Earnings Conference Call held for Standalone and Consolidated Financial Results and Operational Performance for the quarter and half year ended September 30, 20264 Nov 2026 · Company Update / Analyst / Investor Meet
Investor Presentation4 Nov 2026 · Company Update / Investor Presentation
Amendments to the ''Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information'' of the Company3 Nov 2026 · Company Update / Code of Conduct under SEBI (PIT) Regulations, 2015
Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 20263 Nov 2026 · Result / Financial Results
Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 20263 Nov 2026 · Board Meeting / Outcome of Board Meeting
Analysts / Investors Meeting is scheduled to be held on Thursday, November 05, 20262 Nov 2026 · Company Update / Analyst / Investor Meet
Earnings conference call with research analysts and investors that is scheduled to be held on Wednesday, November 04, 2026 at 04:00 PM (IST) to discuss the financial and operational performance ....28 Oct 2026 · Company Update / Analyst / Investor Meet
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for PPFAS Mutual Fund27 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Mahanagar Gas Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve the Unaudited Standalone and ....26 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 20188 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Analyst / Investor Meeting is scheduled to be held on Tuesday, September 29, 202623 Sep 2026 · Company Update / Analyst / Investor Meet
Trading Window Closure for the quarter and half year ended September 30, 202622 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Analyst / Investor Meeting is scheduled to be held on Monday, September 21, 202616 Sep 2026 · Company Update / Analyst / Investor Meet
Analyst / Investor Meeting is scheduled to be held on Friday, September 11, 20267 Sep 2026 · Company Update / Analyst / Investor Meet
Outcome of remote e-voting and e-voting at 31st Annual General Meeting of the Company held on Tuesday, August 25, 202626 Aug 2026 · AGM/EGM / AGM
Analyst / Investor Meeting is scheduled to be held on Wednesday, September 02, 202626 Aug 2026 · Company Update / Analyst / Investor Meet
Proceedings of 31st Annual General Meeting of the Company held on Tuesday, August 25, 2026 at 03:00 pm (IST)25 Aug 2026 · AGM/EGM / AGM
Transcript of Earnings Conference Call for the quarter ended June 30, 20267 Aug 2026 · Company Update / Earnings Call Transcript
Analyst / Investor Meeting is scheduled to be held on Wednesday, August 12, 20266 Aug 2026 · Company Update / Analyst / Investor Meet
Analyst / Investor Meeting is scheduled to be held on Tuesday, August 11, 20266 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Advertisement - Notice of 31st Annual General Meeting, Information on E-voting and Record Date4 Aug 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Report for FY 2025-263 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for the FY 2025-263 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 31st Annual General Meeting of the Company scheduled to be held on Tuesday, August 25, 20263 Aug 2026 · AGM/EGM / AGM
Letter sent to shareholders providing weblink of Annual Report for FY 2025-263 Aug 2026 · Company Update / General
Record Date for Final Dividend for FY 2025-26 - Tuesday, August 18, 20263 Aug 2026 · Corp. Action / Record Date
Newspaper Publication in connection with the 31st Annual General Meeting of the Company under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201531 Jul 2026 · Company Update / Newspaper Publication
Link of Audio Recording of Earnings Conference Call held for Standalone and Consolidated Financial Results and Operational Performance for the quarter ended June 30, 202631 Jul 2026 · Company Update / Analyst / Investor Meet
Investor Presentation31 Jul 2026 · Company Update / Investor Presentation
Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 202630 Jul 2026 · Result / Financial Results
Approval of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 202630 Jul 2026 · Board Meeting / Outcome of Board Meeting
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the management of the Company shall be participating in an ....27 Jul 2026 · Company Update / Analyst / Investor Meet
Mahanagar Gas Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2026 ,inter alia, to consider and approve the Unaudited Standalone and ....24 Jul 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 20188 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper Publication of notice to the shareholders for transfer of Equity Shares of the Company and Unpaid/Unclaimed Final Dividend for FY 2018-19 to Invertor Education and Protection ....7 Jul 2026 · Company Update / Newspaper Publication
Change in Senior Management Personnel of the Company30 Jun 2026 · Company Update / Change in Management
Trading Window Closure for the quarter ended June 30, 202626 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Analyst / Investor Meeting is scheduled to be held on Monday, June 15, 20269 Jun 2026 · Company Update / Analyst / Investor Meet
Change in Senior Management Personnel of the Company31 May 2026 · Company Update / Change in Management
Change in Directorate20 May 2026 · Company Update / Change in Directorate

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 18.0000	18 Aug 2026	18 Aug 2026	—
Interim Dividend - Rs. - 12.0000	13 Feb 2026	13 Feb 2026	—
Final Dividend - Rs. - 18.0000	14 Aug 2025	14 Aug 2025	—
Interim Dividend - Rs. - 12.0000	3 Feb 2025	3 Feb 2025	—
Final Dividend - Rs. - 18.0000	14 Aug 2024	—	—

Board meetings

3 Nov 2026 Board Meeting - Financial Results
30 Jul 2026 Board Meeting - Financial Results