MGL · Mahanagar Gas Ltd · Natural Gas Utilities
MGL · Mahanagar Gas Ltd · Natural Gas Utilities
As of 05 Nov close
52-week range
14.0% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹2,599 Cr
Revenue YoY
PAT YoY
-39.3%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
1.8
P/S (TTM)
1.1
Sector P/E
13.5
Dividend yield
+2.8%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| MGL (this stock) | 16.2 | 1.8 | +7.6% | +11.1% | 0.03 | +2.8% |
| Gail (India) | 11.5 | 1.3 | +6.7% | +11.1% | 0.28 | +3.2% |
| Adani Total Gas | 127.2 | 13.3 | +9.3% | +13.0% | 0.46 | +0.0% |
| Gujarat Energy Ltd | 9.1 | 1.3 | +8.9% | +14.6% | 0.18 | +3.7% |
Promoter
stable
FII
falling 2q
MF
11.18% (+2.36pp)
rising 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- unknownrediff.com· 08 Sept 2026, 09:36 am$100 Oil Hits India's Import Bill
- unknownbusiness-standard.com· 07 Sept 2026, 09:10 pmIndian crude basket tops $100/bbl as Iran-US tensions fuel supply concerns
- unknowneconomictimes.indiatimes.com· 28 Aug 2026, 10:00 amOil & gas stocks after 6 months of West Asia crisis: Who beat markets, who lagged & what’s next?
- lowlivemint.com· 10 Aug 2026, 02:01 pmParag Parikh Flexi Cap Fund July portfolio: CIE Automotive, Petronet LNG see higher holdings; check top 10 stocks
Concalls & investor presentations
AI-generatedKey takeaway: Mahanagar Gas Limited (MGL) held its Q1 FY27 Earnings Conference Call on July 31, 2026, where management discussed the impact of the ongoing geopolitical conflict in West Asia on natural gas availability and pricing in India. Despite challenges, MGL reported that 100% of its domestic PNG and a significant portion of its CNG requirements are sourced from domestic production, ensuring supply continuity. The company achieved 97,461 DPNG conversions during the quarter, bringing the total to 2.17 million. Sales volumes increased overall, with CNG sales rising by 9.74% year-on-year. EBITDA for the quarter was INR343 crores, a 31.74% increase, while net profit after tax rose by 46.83% to INR194 crores. Management highlighted the successful transition to SAP S/4HANA as part of its digital transformation. The call concluded with management expressing confidence in maintaining uninterrupted gas supply and ongoing infrastructure development despite external pressures.
Management highlighted growth in sales volumes and profitability, indicating a strong operational performance.
Sourced from an exchange-filed transcript, dated 07 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Mahanagar Gas Limited (MGL) held its Q4 FY26 Earnings Conference Call on May 8, 2026, where management discussed the impact of geopolitical crises on LNG supply and operational performance. Management reported that domestic PNG and CNG supplies remained stable, with 100% of domestic PNG sourced from local production. However, industrial and commercial gas supplies faced curtailment, affecting prices. MGL connected 143,997 domestic households in the quarter, totaling 3.21 million households, and laid 138.48 kilometers of pipeline, bringing the total to over 8,320 kilometers. The company added 28 CNG stations, reaching 518 stations. Q4 sales volume increased by 1.12% quarter-on-quarter and 6.15% year-on-year. Net profit for the quarter was INR 132 crores, down from INR 202 crores in the previous quarter. The Board approved a final dividend of INR 18 per share, totaling INR 30 for FY26. Management expressed optimism about future growth opportunities despite current challenges.
Management highlighted both growth achievements and challenges due to supply disruptions.
Sourced from an exchange-filed transcript, dated 14 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Mahanagar Gas Limited (MGL) held its earnings conference call on February 9, 2026, to discuss its financial results for the quarter and nine months ended December 31, 2025. Management reported a connection of 124,908 domestic households, bringing the total to approximately 3.07 million. The company laid 120.3 kilometers of pipeline, increasing the total to over 8,182 kilometers, and added six CNG stations, totaling 491. Average sales volume rose to 4.62 MMSCMD, a 7.19% increase year-over-year. EBITDA for the quarter was INR 352 crores, with a net profit after tax of INR 202 crores. Management announced an interim dividend of 120%, or INR 12 per share. The call also addressed challenges such as muted CNG growth in Mumbai due to fleet reductions and land availability, while discussing strategies for gas sourcing and pricing adjustments in response to market conditions.
The document presented a balanced view of operational achievements and challenges.
Sourced from an exchange-filed transcript, dated 16 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedMahanagar Gas Limited (MGL) reported revenue of ₹7,590 crore and net profit of ₹1,045 crore for FY2024-25, reflecting stable financial performance. The company is awaiting final approval for the merger of its wholly owned subsidiary, Unison Enviro Private Limited, which is expected to streamline operations and reduce costs. MGL has no material weaknesses in its internal controls, and no significant audit issues or regulatory penalties were noted. The company has maintained compliance with statutory requirements and has a robust governance framework.
- Revenue from operations increased to ₹7,590 crore (FY2024-25) from ₹6,862 crore (FY2023-24).
- Net profit stood at ₹1,045 crore for FY2024-25, down from ₹1,289 crore in the previous year.
- The merger of Unison Enviro Private Limited is pending final approval from the NCLT.
- No material weaknesses in internal controls were identified during the year.
- No defaults, regulatory penalties, or liquidity issues were reported.
Key takeaway: MGL demonstrated consistent financial performance with stable revenue and profit, though net profit declined slightly. The pending merger approval and potential regulatory outcomes are key considerations for investors.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (1 item); Default / Covenant Breach (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
1 occurrenceEarlier (1-3 years ago)
The company was levied a penalty of Rs. 5,000 each by BSE and NSE during the financial year 2023-24 for a one-day delay in filing related party transaction disclosure for the half year ended September 30, 2023.
Default / Covenant Breach
1 occurrenceEarlier (1-3 years ago)
The company has statutory dues in arrears for more than six months as of March 31, 2025, including excise duty and service tax disputes pending in various forums from 2001 to 2017.
Routine disclosures
Contingent Liability
1 occurrenceEarlier (1-3 years ago)
The company has provided an unsecured loan to Unison Enviro Private Limited and has given a corporate guarantee on its behalf, as detailed in note 31.8.
Related-Party Transaction
1 occurrenceEarlier (1-3 years ago)
Mahanagar Gas Limited obtained shareholders' approval for material related party transactions with GAIL at the 28th AGM held on August 24, 2023, for the financial year 2024-25.