Mahanagar Gas Ltd

Mahanagar Gas Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mahanagar Gas Ltd

₹ 1,167 2.94%
06 May - close price
mahanagargas.com BSE: 539957 NSE: MGL
About

Mahanagar Gas Ltd is engaged in the business of City gas distribution (CGD), presently supplying natural gas in the city of Mumbai including adjoining areas and the Raigad District in the state of Maharashtra.[1]

Key Points

Business Segments

Website BSE NSE
  • Market Cap ₹ 11,526 Cr.
  • Current Price ₹ 1,167
  • High / Low ₹ 1,587 / 900
  • Stock P/E 11.9
  • Book Value ₹ 629
  • Dividend Yield 2.57 %
  • ROCE 22.9 %
  • ROE 17.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.8%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Energy Oil, Gas & Consumable Fuels Gas LPG/CNG/PNG/LNG Supplier

Part of BSE 500 Nifty 500 Nifty Energy Nifty500 Shariah BSE Energy

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
1,671 1,610 1,538 1,571 1,569 1,567 1,590 1,786 1,758 1,865 2,081 2,049 2,058
1,415 1,221 1,017 1,092 1,120 1,173 1,171 1,373 1,443 1,486 1,581 1,711 1,706
Operating Profit 256 390 521 479 449 394 418 413 314 378 501 338 352
OPM % 15% 24% 34% 30% 29% 25% 26% 23% 18% 20% 24% 16% 17%
32 34 39 44 48 45 40 47 46 46 32 29 29
Interest 2 2 3 2 3 4 3 3 3 4 4 5 6
Depreciation 59 64 62 66 68 78 72 84 79 82 96 104 103
Profit before tax 227 357 496 454 426 357 384 373 278 339 432 258 272
Tax % 24% 25% 26% 25% 26% 26% 26% 23% 19% 26% 26% 25% 26%
172 269 368 338 317 265 285 287 225 252 320 193 202
EPS in Rs 17.42 27.21 37.30 34.27 32.11 26.83 28.81 29.03 22.82 25.53 32.35 19.58 20.45
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,885 2,095 2,078 2,034 2,233 2,791 2,972 2,153 3,560 6,299 6,245 6,924 8,054
1,397 1,605 1,569 1,390 1,453 1,906 1,919 1,219 2,636 5,115 4,402 5,414 6,485
Operating Profit 488 490 509 644 780 885 1,053 934 924 1,184 1,843 1,510 1,569
OPM % 26% 23% 24% 32% 35% 32% 35% 43% 26% 19% 30% 22% 19%
34 41 47 53 58 78 99 81 86 112 175 184 137
Interest 0 1 2 1 0 0 7 7 8 9 12 13 20
Depreciation 81 80 83 95 111 126 162 174 196 231 274 306 385
Profit before tax 442 449 472 601 727 837 984 834 806 1,056 1,733 1,374 1,301
Tax % 33% 33% 34% 34% 34% 35% 19% 26% 26% 25% 26% 24%
297 301 311 393 478 546 794 620 597 790 1,289 1,045 967
EPS in Rs 33.27 33.69 34.80 39.83 48.38 55.32 80.33 62.72 60.43 79.98 130.50 105.78 97.91
Dividend Payout % 53% 52% 50% 48% 39% 36% 44% 37% 41% 20% 23% 28%
Compounded Sales Growth
10 Years: 13%
5 Years: 18%
3 Years: 25%
TTM: 20%
Compounded Profit Growth
10 Years: 13%
5 Years: 4%
3 Years: 18%
TTM: -9%
Stock Price CAGR
10 Years: %
5 Years: 0%
3 Years: 6%
1 Year: -15%
Return on Equity
10 Years: 22%
5 Years: 20%
3 Years: 21%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 89 89 89 99 99 99 99 99 99 99 99 99 99
Reserves 1,208 1,318 1,639 1,741 1,997 2,300 2,854 3,134 3,499 4,035 5,044 5,791 6,114
8 16 5 3 1 0 67 74 103 115 139 164 216
664 743 637 782 914 1,042 1,109 1,295 1,534 1,783 1,944 2,150 2,220
Total Liabilities 1,969 2,166 2,370 2,624 3,010 3,441 4,128 4,601 5,234 6,032 7,226 8,204 8,649
991 1,064 1,129 1,305 1,532 1,763 2,049 2,169 2,614 3,026 3,543 4,104 5,022
CWIP 345 380 429 412 357 370 487 560 616 709 774 974 1,163
Investments 342 371 393 467 688 654 1,121 1,025 1,088 1,310 1,636 1,740 1,237
290 350 419 441 434 654 471 847 916 988 1,273 1,385 1,228
Total Assets 1,969 2,166 2,370 2,624 3,010 3,441 4,128 4,601 5,234 6,032 7,226 8,204 8,649

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
398 427 419 532 652 685 985 806 904 969 1,563 1,368
-200 -261 -222 -263 -419 -439 -755 -444 -539 -649 -1,267 -1,001
-185 -176 -191 -284 -226 -235 -242 -349 -310 -285 -312 -336
Net Cash Flow 13 -10 5 -15 8 12 -11 13 54 35 -15 32
Free Cash Flow 221 229 204 278 383 322 559 466 256 257 793 300
CFO/OP 108% 116% 112% 112% 113% 108% 116% 108% 121% 104% 108% 108%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 21 17 16 17 14 13 8 22 19 17 16 18
Inventory Days 5 5 5 8 8 5 5 11 5 3 4 4
Days Payable 34 32 33 43 39 40 35 76 48 26 34 34
Cash Conversion Cycle -8 -10 -12 -18 -16 -22 -21 -44 -24 -7 -13 -12
Working Capital Days -77 -80 -59 -79 -86 -78 -97 -152 -106 -63 -72 -70
ROCE % 35% 33% 30% 34% 37% 37% 37% 27% 23% 27% 34% 23%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Total Gas Sales Volume
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CNG Stations
Numbers
Pipeline Length - Total
Kilometers
PNG Domestic Households Connected
Lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50% 32.50%
32.38% 30.51% 30.85% 30.54% 31.49% 34.20% 25.75% 23.76% 25.48% 23.59% 24.89% 24.13%
15.15% 16.10% 17.23% 17.40% 16.67% 15.46% 21.10% 23.82% 22.52% 22.89% 20.83% 21.01%
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
9.96% 10.89% 9.43% 9.55% 9.32% 7.84% 10.64% 9.92% 9.50% 11.01% 11.79% 12.34%
No. of Shareholders 1,54,3831,53,5821,41,6171,49,7181,47,5401,42,7381,73,9051,67,6501,66,5891,78,5761,79,7611,84,373

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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DRHP

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