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Mahanagar Gas Limited

Oil, Gas & Consumable Fuels · Gas

NSE: MGL BSE: 539957
₹1058.00
▲ 7.50 (0.71%)
Sept. 30, 2026 · NSE · nse_bhavcopy
Quality
69/100
Moderate
Valuation
85/100
Undervalued
Momentum
14/100
Bearish

QVM read Cheap on its own multiples Quality Moderate, Valuation Undervalued, Momentum Bearish

Tradinity's own scoring, not a copy of any third party's -- see the Key Metrics section for the real ratios behind each number.

About

Mahanagar Gas Limited (MGL) is an Indian natural gas distribution company, incorporated on 8 May 1995. MGL is an enterprise of GAIL (India) Limited and Government of Maharashtra.

Source: Wikipedia

Key Metrics

Market Capitalization
₹10,451 Cr
PE (TTM)
14.5
Industry median 14.5 (9 companies)
Price to Book
1.6
PEG (TTM)
-0.4
Institutions holding %
45.74%
FII + DII, latest filed period
Piotroski Score
5
Relative return vs Nifty50, qtr %
-2.4
Relative return vs Sector, qtr %
-6.7
Free Cash Flow
₹87 Cr
as of March 31, 2026
Industry median ₹588 Cr (9 companies)
EPS Growth (YoY)
-40.27%
as of June 30, 2026
Industry median 124.00% (9 companies)
Net Profit Growth (TTM)
-33.53%
as of June 30, 2026
Industry median 13.46% (9 companies)
Operating Revenue Growth (TTM)
17.14%
as of June 30, 2026
Industry median 17.14% (9 companies)
Profit Growth (YoY)
-40.28%
as of June 30, 2026
Industry median 127.55% (9 companies)
Revenue Growth (YoY)
20.29%
as of June 30, 2026
Industry median 24.26% (9 companies)
Current Ratio
0.94
as of March 31, 2026
Industry median 1.71 (9 companies)
Debt to Equity
0.00
as of March 31, 2026
Industry median 0.16 (9 companies)
Interest Coverage
45.35
as of June 30, 2026
Industry median 25.17 (9 companies)
Net Margin
7.46%
as of June 30, 2026
Industry median 9.67% (9 companies)
Operating Margin (EBIT)
10.19%
as of June 30, 2026
Industry median 13.86% (9 companies)
Operating Margin (TTM)
10.55%
as of June 30, 2026
Industry median 10.55% (9 companies)
Return on Assets
10.66%
as of March 31, 2026
Industry median 6.87% (9 companies)
Return on Capital Employed
18.83%
as of March 31, 2026
Industry median 13.52% (9 companies)
Return on Equity
14.86%
as of March 31, 2026
Industry median 12.60% (9 companies)

Investment checklist

Tradinity's own yes/no questions with the rule stated beside each. “Items without enough data are left out, never counted as a No, and the totals count only answered questions. A summary of numbers on this page, not advice.

Financials

2 of 8 met
  • No Net profit is higher than a year earlier in each of the last 4 quarters
  • Yes Revenue is higher than a year earlier in each of the last 4 quarters
  • No Quality score is Strong (70 or more)
  • No Piotroski F-score is 7 or more (score 5)
  • Yes Debt to equity is below 0.5 (0.00)
  • No Return on equity is 15% or more (14.9%)
  • No Net cash flow for the latest year is positive
  • No Cash from operations is higher than the year before

Ownership

3 of 3 met
  • Yes FII/FPI or DII holding rose in the latest quarter
  • Yes Promoter holding rose or was unchanged in the latest quarter
  • Yes Promoter pledge is 5% of their holding or less and not rising (0.0% pledged)

Peer comparison

0 of 3 met
  • No 1-year return beats the industry median
  • No Revenue growth beats the industry median
  • No Profit growth beats the industry median

Value and momentum

1 of 6 met
  • No Price sits in the Buy zone of its own historical PE range (Sell Zone)
  • Yes Valuation score is Undervalued (70 or more)
  • No Momentum score is Bullish (70 or more)
  • No Price is above the 5, 10 and 20 day averages
  • No Price is above the 50, 100 and 200 day averages
  • No Latest candle has a bullish shape (hammer, dragonfly doji, white marubozu)

Price

Download CSV

PE/EPS use each quarter's real filed EPS only from 45 days after quarter-end (no look-ahead) against the raw close of the day. Price-to-book isn't a mode here: the feed has no dated share count, so there's no real history to chart.

RSI (14) (same adjusted close series as the price chart above)

MACD (12, 26, 9) (same adjusted close series as the price chart above)

Relative Returns (vs NIFTY 50)

Prices adjusted for splits and bonuses. * = a corporate action affecting this date could not be parsed and is not reflected.

Price range

Day return
0.7%
Low 1039.0000 · High 1067.1000
1W return
-3.2%
Low 1035.0000 · High 1092.0000
1M return
-1.1%
Low 1035.0000 · High 1112.0000
52W return
-17.1%
Low 900.0000 · High 1335.4000
Lifetime High ₹1964.9500 (Sept. 26, 2024)
Lifetime Low ₹496.7500 (July 12, 2016)

Full price history and technicals →

EMA & SMA

Bullish0
Bearish6
5D
1060.7
10D
1067.6
20D
1076.8
50D
1091.8
100D
1098.3
200D
1097.5

Delivery and volume

Day avg. delivery
52.0%
Week avg. delivery
52.5%
Month avg. delivery
54.8%

Week = 5 sessions, Month = 22 sessions ending the latest trading day — the same combined NSE+BSE delivery data as the table below, just summed.

Resistance and support

1054.70
Pivot
First resistance1070.40
Second resistance1082.80
Third resistance1098.50
First support1042.30
Second support1026.60
Third support1014.20
Day RSI42.7
Day MFI50.8
Day MACD-11.28
Day MACD signal-9.40

Beta

1M1.34
3M0.76
1Y0.94
3Y1.17

Price change analysis

↓ -1.1%
Over 1 Month
LowHigh
1035.001112.00
↓ -9.0%
Over 3 Months
LowHigh
1035.001179.00
↑ 12.1%
Over 6 Months
LowHigh
924.151252.00
↓ -17.1%
Over 1 Year
LowHigh
900.001335.40
Legend Positive indicator Neutral indicator Negative indicator

Buy/Sell Zone

View Buy/Sell Zone →
Current PE 14.5 (own history: 10.8–16.1)
Sell Zone
Revenue (June 30, 2026)
₹2,598 Cr
Net profit (June 30, 2026)
₹194 Cr
Basic EPS (June 30, 2026)
₹19.6100

Ranks #7 of 9 in Gas by market cap -- full peer table on the Financials page.

Shareholding pattern / Ownership

Shareholding summary

Jun 2026
  • Promoter32.50%
  • Mutual funds11.18%
  • FII/FPI23.21%
  • Other DII11.35%
  • Public21.76%

Largest holders

NameCategoryShares %Shares
GAIL (India) LimitedPromoter32.5000%32102750
Governor of MaharashtraPublic10.0000%9877778
Life Insurance Corporation of IndiaPublic6.7500%6665971
UTI Value FundPublic1.8500%1822964
HDFC Mutual Fund - HDFC Multi Cap FundPublic1.7400%1715001

As of June 30, 2026. Only holders the filing discloses individually.

Historical promoter holding

Promoters holdings were unchanged at 32.50% in Jun 2026 qtr

Historical fii holding

FII/FPI holdings decreased from 24.14% to 23.21% in Jun 2026 qtr

Historical mutual fund holding

Mutual funds holdings increased from 8.82% to 11.18% in Jun 2026 qtr

11 mutual fund schemes also hold this stock.

All shareholding details →

Insider trading, SAST & pledges

All 5 insider trades, 27 SAST, 0 pledge events →

Latest insider trades

FiledPersonCategoryTypeQuantityValue
22 Aug 2019 BG Asia Pacific Holdings Pte. Limited Promoter Sell 0 ₹0
24 Aug 2018 BG Asia Pacific Holdings Pte. Limited Promoter Sell 0 ₹0
24 Aug 2018 BG Asia Pacific Holdings Pte. Limited Promoter Sell 0 ₹0
13 Apr 2018 BG Asia Pacific Holding Pte. Limited Promoter Sell 0 ₹0
13 Apr 2018 BG Asia Pacific Holding Pte. Limited Promoter Sell 0 ₹0

All insider and SAST disclosures →

DateClientDealActionQuantityPriceExchange
7 Apr 2026 EASTSPRING INVESTMENTS INDIA EQUITY OPEN LIMITED Bulk Sell 725,150 957.0100 BSE
27 Mar 2026 WASHINGTON STATE INVESTMENT BOARD Bulk Buy 617,784 950.4200 BSE
18 Nov 2024 GRAVITON RESEARCH CAPITAL LLP Bulk Sell 519,028 1133.5900 NSE
18 Nov 2024 GRAVITON RESEARCH CAPITAL LLP Bulk Buy 509,428 1132.7100 NSE
18 Oct 2024 GRAVITON RESEARCH CAPITAL LLP Bulk Sell 578,412 1560.8100 NSE
18 Oct 2024 GRAVITON RESEARCH CAPITAL LLP Bulk Buy 578,412 1560.4100 NSE
17 Sep 2024 GRAVITON RESEARCH CAPITAL LLP Bulk Sell 587,018 1909.8700 NSE
17 Sep 2024 GRAVITON RESEARCH CAPITAL LLP Bulk Buy 587,018 1908.8300 NSE
9 Apr 2024 STICHTING PENSIOENFONDS RAIL & OPENBAAR VERVOER Block Buy 133,121 1483.1000 NSE
9 Apr 2024 STICHTING CUST ROBECO INST RE:CALYP Block Sell 133,121 1483.1000 NSE

All bulk and block deals →

Last 12 months ₹30.00 per share
Dividend yield 2.84%
Ex-dateSubjectPer share (₹)Record date
18 Aug 2026 Dividend - Rs 18 Per Share 18.0000 18 Aug 2026
13 Feb 2026 Interim Dividend - Rs 12 Per Share 12.0000 13 Feb 2026
14 Aug 2025 Dividend - Rs 18 Per Share 18.0000 14 Aug 2025
3 Feb 2025 Interim Dividend - Rs 12 Per Share 12.0000 3 Feb 2025
14 Aug 2024 Annual General Meeting/Dividend - Rs 18 Per Share 18.0000 —
5 Feb 2024 Interim Dividend - Rs 12 Per Share 12.0000 5 Feb 2024
14 Aug 2023 Annual General Meeting/Dividend - Rs 16 Per Share 16.0000 —
14 Feb 2023 Interim Dividend - Rs 10 Per Share 10.0000 14 Feb 2023
11 Aug 2022 Annual General Meeting/Dividend - Rs 15.5 Per Share 15.5000 —
17 Feb 2022 Interim Dividend - Rs 9.50 Per Share 9.5000 18 Feb 2022

Quarterly results, AGMs, buybacks and other board-approved business.

DatePurposeResults
30 Jul 2026 Financial Results Yes
7 May 2026 Financial Results/Dividend Yes
7 Feb 2026 Financial Results/Dividend Yes
29 Oct 2025 Financial Results Yes
22 Jul 2025 Financial Results Yes

Corporate Announcements

All 754 announcements, with search →

Exchange disclosures (NSE and BSE), most recent first.

DateCategoryAnnouncement
23 Sep 2026 Analysts/Institutional Investor Meet/Con. Call Updates Mahanagar Gas Limited has informed the Exchange about Schedule of meet
22 Sep 2026 Trading Window Mahanagar Gas Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
16 Sep 2026 Company Update Mahanagar Gas Ltd - 539957 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 Sep 2026 Analysts/Institutional Investor Meet/Con. Call Updates Mahanagar Gas Limited has informed the Exchange about Schedule of meet
7 Sep 2026 Analysts/Institutional Investor Meet/Con. Call Updates Mahanagar Gas Limited has informed the Exchange about Schedule of meet
26 Aug 2026 Shareholders meeting 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.
26 Aug 2026 Analysts/Institutional Investor Meet/Con. Call Updates Mahanagar Gas Limited has informed the Exchange about Schedule of meet
25 Aug 2026 Shareholders meeting Mahanagar Gas Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 25, 2026
7 Aug 2026 Analysts/Institutional Investor Meet/Con. Call Updates Mahanagar Gas Limited has informed the Exchange about Transcript
6 Aug 2026 Analysts/Institutional Investor Meet/Con. Call Updates Mahanagar Gas Limited has informed the Exchange about Schedule of meet

All announcements →

SWOT

Tradinity's own rule-based read of the real ratios elsewhere on this page -- not a copy of any third party's, and never a forward-looking prediction.

Strengths

  • Low financial leverage (Debt/Equity 0.00)
  • Comfortable interest coverage (45.4x)
  • Strong revenue growth YoY (20.3%)

Weaknesses

  • Tight liquidity (Current Ratio 0.94)
  • Declining profit YoY (-40.3%)

Opportunities

  • PE below 15 (14.5) relative to a typical growth business

Threats

Data unavailable.

Single-stock futures available for this stock -- OI buildup, PCR, Max Pain and Greeks are all on the full F&O page.

Part of: NIFTY 500, NIFTY 500, NIFTY ENERGY, NIFTY ENERGY

Frequently asked questions about Mahanagar Gas Limited

Where is the share price?

The price at the top of this page is the last traded price from exchange data; during market hours it refreshes on its own. The Chart & Technicals section has the full price history.

Where are the financial results?

The Financials page has quarterly and annual results, ratios, cash flow and the balance sheet, on a standalone or consolidated basis.

Who owns the company?

The Ownership section shows the latest shareholding pattern from exchange filings, with promoter, FII, DII and public holdings by quarter.

Does Tradinity give buy or sell advice?

No. The scores and checklist on this page are rule-based summaries of published figures, not recommendations. Tradinity is not a registered investment adviser.