Mahanagar Gas Ltd

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

₹ 1,159 0.42%
13 Nov - 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 ₹ 11,444 Cr.
  • Current Price ₹ 1,159
  • High / Low ₹ 1,265 / 900
  • Stock P/E 17.0
  • Book Value ₹ 666
  • Dividend Yield 2.59 %
  • ROCE 17.0 %
  • ROE 12.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 28.9%

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 BSE Energy BSE 250 SmallCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
1,571 1,569 1,613 1,666 1,786 1,847 1,964 2,083 2,050 2,060 2,052 2,373 2,538
1,092 1,120 1,218 1,229 1,373 1,523 1,570 1,583 1,714 1,709 1,794 2,030 2,235
Operating Profit 479 449 395 437 413 325 394 500 336 351 258 342 304
OPM % 30% 29% 24% 26% 23% 18% 20% 24% 16% 17% 13% 14% 12%
44 48 44 36 47 42 42 32 29 30 29 30 6
Interest 2 3 6 3 3 3 4 5 5 6 5 6 8
Depreciation 66 68 81 83 84 91 93 96 104 104 106 109 117
Profit before tax 454 426 352 386 373 272 339 431 256 271 176 258 185
Tax % 25% 26% 26% 25% 23% 19% 27% 26% 25% 26% 26% 25% 27%
338 317 261 289 287 221 247 319 191 201 130 193 135
EPS in Rs 34.27 32.11 26.38 29.24 29.03 22.40 25.01 32.26 19.37 20.36 13.15 19.54 13.73
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
6,299 6,290 7,264 8,246 9,023
5,115 4,446 5,695 6,800 7,768
Operating Profit 1,184 1,844 1,569 1,446 1,256
OPM % 19% 29% 22% 18% 14%
112 175 167 120 95
Interest 9 13 14 21 25
Depreciation 231 277 352 410 435
Profit before tax 1,056 1,728 1,370 1,135 891
Tax % 25% 26% 24% 26%
790 1,285 1,040 841 659
EPS in Rs 79.98 130.06 105.31 85.16 66.78
Dividend Payout % 20% 23% 28% 35%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 9%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 0%
TTM: -31%
Stock Price CAGR
10 Years: 5%
5 Years: 3%
3 Years: 4%
1 Year: -8%
Return on Equity
10 Years: %
5 Years: %
3 Years: 18%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 99 99 99 99 99
Reserves 4,035 5,040 5,779 6,329 6,480
115 141 201 223 339
1,783 1,974 2,223 2,331 2,618
Total Liabilities 6,032 7,253 8,302 8,981 9,536
3,026 4,235 4,854 5,392 5,771
CWIP 709 823 1,068 1,270 1,453
Investments 1,310 1,069 1,162 1,148 991
988 1,126 1,218 1,171 1,321
Total Assets 6,032 7,253 8,302 8,981 9,536

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026
969 1,568 1,407 1,162
-649 -1,057 -1,053 -888
-285 -499 -332 -369
Net Cash Flow 35 11 22 -95
Free Cash Flow 257 786 229 88
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 104% 108% 107% 99%

Ratios

Consolidated / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 17 17 18 20
Inventory Days 3 4 4 4
Days Payable 26 35 34 31
Cash Conversion Cycle -7 -13 -11 -7
Working Capital Days -63 -72 -66 -56
ROCE % 34% 23% 17%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
CNG Sales Volume
MMSCMD

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CNG Vehicles (registered)
count
PNG Domestic Household Connections
count
Total Sales Volume
MMSCMD
CNG Stations
count
DPNG (Domestic PNG) Sales Volume
MMSCMD
Industrial & Commercial Sales Volume
MMSCMD
Pipeline Length
km

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Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 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%
30.85% 30.54% 31.49% 34.20% 25.75% 23.76% 25.48% 23.59% 24.89% 24.13% 23.21% 23.46%
17.23% 17.40% 16.67% 15.46% 21.10% 23.82% 22.52% 22.89% 20.83% 21.01% 22.53% 22.26%
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
9.43% 9.55% 9.32% 7.84% 10.64% 9.92% 9.50% 11.01% 11.79% 12.34% 11.75% 11.78%
No. of Shareholders 1,41,6171,49,7181,47,5401,42,7381,73,9051,67,6501,66,5891,78,5761,79,7611,84,3731,78,0331,75,638

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

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