Mahanagar Gas Limited
NSE: MGLMarket Closed • NSE
Day range
52 week range
Mahanagar Gas Limited closed at INR1054.00 (+0.63%) on volume 0.52x its 20-day average, trading 19.79% below its 52-week high.
2026-Q2
Q2 FY2026 Financial Results
PAT moved +48.5% QoQ
2026-08-18
DIVIDEND Announced
Dividend - Rs 18 Per Share
2026-02-13
DIVIDEND Announced
Interim Dividend - Rs 12 Per Share
Revenue and PAT bars use independent scales to make their year-on-year direction readable.
Complete reported financial history · Values use the company's reporting currency
Hover over the chart for exact reported values. Percentage lines use the right-hand axis.
A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.
Strengths
Strong Capital Efficiency: ROCE stands at 17.0%
High Cash Flow Conversion: CFO/PAT averaged 1.37x over last 3 years
Attractive Valuation: P/E of 14.6x trades below sector historical averages
Risks
Elevated Leverage Burden: Debt-to-Equity stands at 3.46x
Bull case
Market Leadership: Established operational scale in Utilities - Regulated Gas.
Bear case
Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.
Flip condition
Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.
Ownership distribution
Category trends
Hover over a period for exact holdings
Complete dividend, bonus, split, rights and other action history
| Record date | Corporate action | Information | Announcement date | Ex-date |
|---|---|---|---|---|
| 18 Aug 2026 | Dividend | ₹18.00 / share | — | 18 Aug 2026 |
| 13 Feb 2026 | Dividend | ₹12.00 / share | — | 13 Feb 2026 |
| 14 Aug 2025 | Dividend | ₹18.00 / share | — | 14 Aug 2025 |
| 03 Feb 2025 | Dividend | ₹12.00 / share | — | 03 Feb 2025 |
| — | Dividend | ₹18.00 / share | — | 14 Aug 2024 |
| 05 Feb 2024 | Dividend | ₹12.00 / share | — | 05 Feb 2024 |
| — | Dividend | ₹16.00 / share | — | 14 Aug 2023 |
| 14 Feb 2023 | Dividend | ₹10.00 / share | — | 14 Feb 2023 |
| — | Dividend | ₹15.50 / share | — | 11 Aug 2022 |
| 18 Feb 2022 | Dividend | ₹9.50 / share | — | 17 Feb 2022 |
| — | Dividend | ₹14.00 / share | — | 17 Sept 2021 |
| 22 Feb 2021 | Dividend | ₹9.00 / share | — | 18 Feb 2021 |
| — | Dividend | ₹10.50 / share | — | 16 Sept 2020 |
| 09 Mar 2020 | Dividend | ₹9.50 / share | — | 06 Mar 2020 |
| — | Dividend | ₹10.50 / share | — | 29 Aug 2019 |
| 08 Feb 2019 | Dividend | ₹9.50 / share | — | 07 Feb 2019 |
| — | Dividend | ₹11.00 / share | — | 07 Sept 2018 |
| 21 Feb 2018 | Dividend | ₹8.00 / share | — | 20 Feb 2018 |
| — | Dividend | ₹11.00 / share | — | 14 Sept 2017 |
| 20 Feb 2017 | Dividend | ₹8.00 / share | — | 17 Feb 2017 |
| — | Dividend | ₹10.00 / share | — | 15 Sept 2016 |
Traded volume and delivery percentage across the latest 20 sessions
Compare valuation, latest quarterly performance and year-on-year growth
| Company name | Market cap ₹ Cr | P/E ratio | Dividend yield % | Quarterly sales ₹ Cr | Profit after tax ₹ Cr | Sales growth % | Profit growth % |
|---|---|---|---|---|---|---|---|
 Adani Power LimitedADANIPOWER Open analysis | ₹3.78L | 26.50 | 0.00% | ₹18,902.00 | ₹4,867.00 | +33.97% | +47.26% |
 NTPC LimitedNTPC Open analysis | ₹3.06L | 11.01 | 3.93% | ₹50,741.00 | ₹6,896.00 | +7.81% | +12.90% |
 Power Grid Corporation of India LimitedPOWERGRID Open analysis | ₹2.33L | 14.65 | 3.60% | ₹9,795.00 | ₹3,411.00 | -1.34% | -6.62% |
Adani Green Energy LimitedADANIGREEN Open analysis | ₹2.14L | 124.71 | 0.00% | ₹4,431.00 | ₹983.00 | +16.61% | +19.30% |
 Adani Energy Solutions LimitedADANIENSOL Open analysis | ₹1.67L | 56.21 | 0.00% | ₹9,711.00 | ₹1,237.00 | +42.41% | +129.50% |
 The Tata Power Company LimitedTATAPOWER Open analysis | ₹1.13L | 29.32 | 0.71% | ₹19,051.00 | ₹1,401.00 | +5.63% | +11.01% |
 GAIL (India) LimitedGAIL Open analysis | ₹1.11L | 11.18 | 3.25% | ₹41,198.00 | ₹4,671.00 | +16.67% | +96.10% |
 Siemens Energy India LimitedENRIN Open analysis | ₹1.03L | 69.13 | 0.14% | ₹2,485.60 | ₹440.90 | +39.28% | +67.83% |
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]
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Is Mahanagar Gas Limited Shariah compliant?
Mahanagar Gas Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (2.14%) complies with AAOIFI threshold (≤ 33%).
What is Mahanagar Gas Limited's current valuation relative to peers?
Mahanagar Gas Limited trades at a P/E of 14.6x compared to the sector median of 21.1x, and a Price-to-Book of 1.6x.
Is the company financially healthy?
The company has a Debt-to-Equity ratio of 3.46x and a Net Debt to EBITDA ratio of 0.15x. Interest coverage is 68.9x.
What are the historical revenue and profit growth rates?
Over the past 5 years, revenue compounded at 5.6% while net profit growth averaged -8.1%.
Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.
Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.