Mahanagar Gas Limited

NSE: MGLOil, Gas & Consumable Fuels

Mahanagar Gas Limited Share Price & Analysis

₹1096.60+2.83%Updated 4 Sept 2026, 03:30 pm IST
LTP
₹1096.60+2.83%
Open
₹1067.00
High
₹1100.90
Low
₹1067.00
Close
₹1096.60
52W High
₹1378.00
52W Low
₹900.00
Volume
288K
Lot Size
1
Sector
Oil, Gas & Consumable Fuels
Market Cap
₹11K Cr
Face Value
₹10
Mid CapNIFTY 500Nifty Smallcap 250

Price Chart

Candle
Range

Fundamentals

P/E
15.10
Sector P/E
26.80
P/B
1.69
EPS
₹72.42
ROE
12.20%
ROCE
17.00%
D/E Ratio
0.03
Div Yield
2.74%
Book Value
₹651.00

Strengths

  • Efficient capital deployment (ROCE 17%)
  • Attractively valued vs sector (P/E 15.1x vs industry 26.8x)
  • Virtually debt-free
  • Regular dividends — yield 2.7%

Concerns

    Peer Comparison

    CompanyCMPMkt CapP/EP/BROE %ROCE %D/E
    RELIANCE
    Reliance Industries Limited
    1,322
    ₹17.9L Cr23.91.988.9110.30.45
    ONGC
    Oil & Natural Gas Corporation Limited
    235
    ₹3.0L Cr6.750.7911.614.20.48
    COALINDIA
    Coal India Limited
    415
    ₹2.6L Cr8.22.1528.2350.13
    IOC
    Indian Oil Corporation Limited
    138
    ₹1.9L Cr5.770.8920.518.70.74
    BPCL
    Bharat Petroleum Corporation Limited
    316
    ₹1.4L Cr8.841.3728.825.60.56
    GAIL
    GAIL (India) Limited
    173
    ₹1.1L Cr11.51.288.719.670.25
    OIL
    Oil India Limited
    488
    ₹79K Cr9.511.3712.211.50.64

    Showing 7 peers in the same sector · Sorted by market cap

    Shareholding Pattern

    MGL · as of Mar 2026

    Promoters32.50%
    FII23.76%1.99pp
    DII23.82%2.72pp
    Public9.92%0.72pp
    Govt10.00%
    CategoryDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
    Promoters32.50%32.50%32.50%32.50%32.50%32.50%
    FII30.85%30.54%31.49%34.20%25.75%23.76%
    DII17.23%17.40%16.67%15.46%21.10%23.82%
    Public9.43%9.55%9.32%7.84%10.64%9.92%
    Govt10.00%10.00%10.00%10.00%10.00%10.00%

    Corporate Events

    Dividend - Rs 18 Per Share

    Dividend17 Aug 2026

    To consider and approve the financial results for the period ended Jun 30, 2026

    Results29 Jul 2026

    To consider and approve the financial results for the period ended March 31, 2026 and Final dividend

    Dividend6 May 2026

    Interim Dividend - Rs 12 Per Share

    Dividend12 Feb 2026

    Dividend - Rs 18 Per Share

    Dividend13 Aug 2025

    Interim Dividend - Rs 12 Per Share

    Dividend2 Feb 2025

    Annual General Meeting/Dividend - Rs 18 Per Share

    Dividend13 Aug 2024

    Interim Dividend - Rs 12 Per Share

    Dividend4 Feb 2024

    Annual General Meeting/Dividend - Rs 16 Per Share

    Dividend13 Aug 2023

    Latest News

    All news

    MTNL assigned credit rating with stable outlook

    *MTNL assigned credit rating with stable outlook.* The rating reflects MTNL's status as a government-owned telecom PSU with moderate financial risk. The outlook remains stable, indicating no immediate credit upgrades or downgrades expected. Financial metrics remain under pressure due to legacy debt and competitive market. 📊 *STOCKS:* $MTNL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CreditRating

    NSE Filing27 Aug
    High Impact

    Mahanagar Gas reports Q1 FY26 financial results

    *Mahanagar Gas reports Q1 FY26 financial results*. The company has submitted its financial results for the quarter ended June 30, 2026. Key figures include revenue of **₹427 crore** and net profit of **₹103 crore**, showing a **12% YoY growth** in profitability. Results reflect steady demand in the city gas distribution segment. 📊 *STOCKS:* MGL | 🏢 *SECTOR:* NaturalGas | #MEDIUMIMPACT #Earnings

    NSE Filing30 Jul
    High Impact

    MTNL defaults on bank loan payments as of June 2026

    *MTNL defaults on bank loan payments as of June 2026.* The company has defaulted on **principal and interest payments** to banks, per a regulatory filing under SEBI LODR. This indicates severe financial stress and potential credit downgrade. The development raises concerns over MTNL’s ongoing viability and debt restructuring plans. 📊 *STOCKS:* MTNL | 🏢 *SECTOR:* Telecom | #HIGHIMPACT #default

    NSE Filing13 Jul
    High Impact

    MTNL defaults on loan principal and interest payments

    *MTNL defaults on loan principal and interest payments* as of May 31, 2026. The company disclosed the default under Regulation 30 of SEBI (LODR) to inform investors. This breach involves **non-payment of principal instalments and interest** to banks, signaling financial stress. The disclosure follows SEBI’s mandatory listing obligation for material events. 📊 *STOCKS:* MTNL | 🏢 *SECTOR:* Telecom | #HIGHIMPACT #default

    NSE Filing16 Jun
    High Impact

    MTNL fails to fund interest in escrow account

    *MTNL fails to fund interest in escrow account.* The company has not deposited the 6th semi-annual interest amount for its Bond Series VIIIA (INE153A08154) into the Bank of India escrow account. This is a violation of SEBI (LODR) Regulations, 2015, specifically Regulation 30 & 51. The move raises concerns over debt servicing and compliance. 📊 *STOCKS:* MTNL | 🏢 *SECTOR:* Telecom | #MEDIUMIMPACT #MTNL

    NSE Filing10 Jul
    Medium Impact

    MTNL fails to fund ₹11th semi-annual bond interest escrow

    *MTNL fails to fund ₹11th semi-annual bond interest escrow.* MTNL has not funded the 11th semi-annual interest payment into the escrow account for its Bond Series VI, as mandated under SEBI LODR Regulations. This non-funding may trigger concerns over debt servicing and compliance. Investors may react to potential credit risk implications. 📊 *STOCKS:* MTNL | 🏢 *SECTOR:* Telecom | #MEDIUMIMPACT #MTNL

    NSE Filing11 Jun
    Medium Impact

    MTNL hit with penalty by TRAI

    *MTNL hit with penalty by TRAI* Mahanagar Telephone Nigam Limited has been penalized by TRAI, disclosed under SEBI LODR norms. The fine impacts near-term finances and regulatory standing. Details of the penalty amount and violations were not specified in the filing. 📊 *STOCKS:* MTNL | 🏢 *SECTOR:* Telecom | #MEDIUMIMPACT #penalty

    NSE Filing9 Jun
    Medium Impact

    Motor & General Finance files regulatory disclosure

    *The Motor & General Finance Limited files mandatory disclosure under SEBI norms.* This is a routine intimation under **Regulations 30 and 36(1)(b)** of SEBI Listing Regulations, 2015. No financial or operational details were disclosed. Such filings are standard compliance requirements. 📊 *STOCKS:* MGL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Regulatory

    NSE Filing4d ago
    Low Impact

    MTNL reports imposition of fines under SEBI norms

    *MTNL reports imposition of fines under SEBI norms.* Mahanagar Telephone Nigam Limited disclosed penalties imposed under Regulation 30 & 51 of SEBI (LODR) Regulations, 2015. The filing is part of mandatory compliance for undisclosed penalties. Details of the fine amount or reason not specified. 📊 *STOCKS:* $MTNL | 🏢 *SECTOR:* Telecom | #LOWIMPACT #Compliance

    NSE Filing27 Aug
    Low Impact

    MTNL fined; disclosure under SEBI regulations

    *MTNL fined; disclosure under SEBI regulations.* The company disclosed the imposition of a fine under Regulation 30 and 51 of SEBI (LODR) 2015. The details of the penalty amount and the authority are not specified. This is a compliance-related disclosure with no immediate financial impact. 📊 *STOCKS:* MTNL | 🏢 *SECTOR:* Telecom | #Legal #Penalty

    NSE Filing26 Aug
    Low Impact

    Financials

    Quarterly Results

    MetricDec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024
    Revenue
    ₹2.1K Cr
    0.5%
    ₹2.0K Cr
    1.6%
    ₹2.1K Cr
    6.1%
    ₹2.0K Cr
    6.3%
    ₹1.8K Cr
    3.4%
    ₹1.8K Cr
    7.2%
    ₹1.7K Cr
    3.3%
    ₹1.6K Cr
    Op. Profit
    ₹351 Cr
    4.5%
    ₹336 Cr
    32.8%
    ₹500 Cr
    26.9%
    ₹394 Cr
    21.2%
    ₹325 Cr
    21.3%
    ₹413 Cr
    5.5%
    ₹437 Cr
    10.6%
    ₹395 Cr
    OPM
    17.0%
    6.3%
    16.0%
    33.3%
    24.0%
    20.0%
    20.0%
    11.1%
    18.0%
    21.7%
    23.0%
    11.5%
    26.0%
    8.3%
    24.0%
    Net Profit
    ₹201 Cr
    5.2%
    ₹191 Cr
    40.1%
    ₹319 Cr
    29.1%
    ₹247 Cr
    11.8%
    ₹221 Cr
    23.0%
    ₹287 Cr
    0.7%
    ₹289 Cr
    10.7%
    ₹261 Cr
    EPS (₹)
    20.36
    5.1%
    19.37
    40.0%
    32.26
    29.0%
    25.01
    11.7%
    22.4
    22.8%
    29.03
    0.7%
    29.24
    10.8%
    26.38

    Values in ₹ Cr · Source: Screener.in

    Annual Profit & Loss

    MetricMar 2026Mar 2025Mar 2024Mar 2023
    Revenue
    ₹8.2K Cr
    13.5%
    ₹7.3K Cr
    15.5%
    ₹6.3K Cr
    0.1%
    ₹6.3K Cr
    Expenses
    ₹6.8K Cr
    19.4%
    ₹5.7K Cr
    28.1%
    ₹4.4K Cr
    13.1%
    ₹5.1K Cr
    Op. Profit
    ₹1.4K Cr
    7.8%
    ₹1.6K Cr
    14.9%
    ₹1.8K Cr
    55.7%
    ₹1.2K Cr
    OPM
    18.0%
    18.2%
    22.0%
    24.1%
    29.0%
    52.6%
    19.0%
    Other Income
    ₹120 Cr
    28.1%
    ₹167 Cr
    4.6%
    ₹175 Cr
    56.3%
    ₹112 Cr
    Interest
    ₹21 Cr
    50.0%
    ₹14 Cr
    7.7%
    ₹13 Cr
    44.4%
    ₹9 Cr
    Depreciation
    ₹410 Cr
    16.5%
    ₹352 Cr
    27.1%
    ₹277 Cr
    19.9%
    ₹231 Cr
    PBT
    ₹1.1K Cr
    17.2%
    ₹1.4K Cr
    20.7%
    ₹1.7K Cr
    63.6%
    ₹1.1K Cr
    Tax %
    26.0%
    8.3%
    24.0%
    7.7%
    26.0%
    4.0%
    25.0%
    Net Profit
    ₹841 Cr
    19.1%
    ₹1.0K Cr
    19.1%
    ₹1.3K Cr
    62.7%
    ₹790 Cr
    EPS (₹)
    85.16
    19.1%
    105.31
    19.0%
    130.06
    62.6%
    79.98
    Div Payout
    35.0%
    25.0%
    28.0%
    21.7%
    23.0%
    15.0%
    20.0%

    Values in ₹ Cr · Source: Screener.in

    Balance Sheet

    ItemMar 2026Sep 2025Mar 2025Mar 2024Mar 2023
    Liabilities
    Equity Capital
    ₹99 Cr
    0.0%
    ₹99 Cr
    0.0%
    ₹99 Cr
    0.0%
    ₹99 Cr
    0.0%
    ₹99 Cr
    Reserves
    ₹6.3K Cr
    3.6%
    ₹6.1K Cr
    5.7%
    ₹5.8K Cr
    14.7%
    ₹5.0K Cr
    24.9%
    ₹4.0K Cr
    Borrowings
    ₹223 Cr
    0.9%
    ₹221 Cr
    10.0%
    ₹201 Cr
    42.6%
    ₹141 Cr
    22.6%
    ₹115 Cr
    Other Liabilities
    ₹2.3K Cr
    4.3%
    ₹2.2K Cr
    0.5%
    ₹2.2K Cr
    12.6%
    ₹2.0K Cr
    10.7%
    ₹1.8K Cr
    Total Liabilities
    ₹9.0K Cr
    3.6%
    ₹8.7K Cr
    4.4%
    ₹8.3K Cr
    14.5%
    ₹7.3K Cr
    20.2%
    ₹6.0K Cr
    Assets
    Fixed Assets
    ₹5.4K Cr
    7.1%
    ₹5.0K Cr
    3.7%
    ₹4.9K Cr
    14.6%
    ₹4.2K Cr
    40.0%
    ₹3.0K Cr
    CWIP
    ₹1.3K Cr
    8.4%
    ₹1.2K Cr
    9.7%
    ₹1.1K Cr
    29.8%
    ₹823 Cr
    16.1%
    ₹709 Cr
    Investments
    ₹1.1K Cr
    5.7%
    ₹1.2K Cr
    4.8%
    ₹1.2K Cr
    8.7%
    ₹1.1K Cr
    18.4%
    ₹1.3K Cr
    Other Assets
    ₹1.2K Cr
    5.7%
    ₹1.2K Cr
    2.0%
    ₹1.2K Cr
    8.2%
    ₹1.1K Cr
    14.0%
    ₹988 Cr
    Total Assets
    ₹9.0K Cr
    3.6%
    ₹8.7K Cr
    4.4%
    ₹8.3K Cr
    14.5%
    ₹7.3K Cr
    20.2%
    ₹6.0K Cr

    Values in ₹ Cr · Source: Screener.in

    Cash Flow Statement

    ItemMar 2026Mar 2025Mar 2024Mar 2023
    Operating CF
    ₹1.2K Cr
    17.4%
    ₹1.4K Cr
    10.3%
    ₹1.6K Cr
    61.8%
    ₹969 Cr
    Investing CF
    ₹-888 Cr
    15.7%
    ₹-1.1K Cr
    0.4%
    ₹-1.1K Cr
    62.9%
    ₹-649 Cr
    Financing CF
    ₹-369 Cr
    11.1%
    ₹-332 Cr
    33.5%
    ₹-499 Cr
    75.1%
    ₹-285 Cr
    Net Cash Flow
    ₹-95 Cr
    531.8%
    ₹22 Cr
    100.0%
    ₹11 Cr
    68.6%
    ₹35 Cr
    Free Cash Flow
    ₹88 Cr
    61.6%
    ₹229 Cr
    70.9%
    ₹786 Cr
    205.8%
    ₹257 Cr

    Values in ₹ Cr · Source: Screener.in

    Key Ratios History

    MetricMar 2026Mar 2025Mar 2024Mar 2023
    Debtor Days
    20d
    11.1%
    18d
    5.9%
    17d
    0.0%
    17d
    Inventory Days
    4d
    0.0%
    4d
    0.0%
    4d
    33.3%
    3d
    Days Payable
    31d
    8.8%
    34d
    2.9%
    35d
    34.6%
    26d
    Cash Conv. Cycle
    -7d
    36.4%
    -11d
    15.4%
    -13d
    85.7%
    -7d
    Working Capital Days
    -56d
    15.2%
    -66d
    8.3%
    -72d
    14.3%
    -63d
    ROCE
    17.0%
    26.1%
    23.0%
    32.4%
    34.0%

    Source: Screener.in · Lower days = better efficiency

    Frequently Asked Questions

    What is Mahanagar Gas Limited share price today?
    Mahanagar Gas Limited (MGL) is currently trading at ₹1,096.6 on NSE, up 2.83% as of the last market session. Prices update daily after market close on MarketNetra.
    Is Mahanagar Gas Limited available in F&O (Futures & Options)?
    Yes, Mahanagar Gas Limited (MGL) is part of the NSE F&O segment with a lot size of 1 shares. Options are available with monthly expiry contracts. You can track the full option chain and OI analysis on MarketNetra.
    What is Mahanagar Gas Limited 52-week high and low?
    Mahanagar Gas Limited's 52-week high is ₹1,378 and the 52-week low is ₹900. The current price of ₹1,096.6 is 20.4% below the 52W high.
    What is Mahanagar Gas Limited P/E ratio?
    Mahanagar Gas Limited's current P/E ratio is 15.1. This indicates the market is paying ₹15.1 for every ₹1 of earnings. Compare this to the sector average to assess relative valuation.
    How to trade Mahanagar Gas Limited options?
    Mahanagar Gas Limited options are traded on NSE with monthly expiry contracts (lot size: 1 shares). To trade MGL options: select your expiry on the option chain page, identify key OI strikes, check the PCR and buildup type on OI analysis, and review FII/DII flows for institutional sentiment before taking a position.