Mahanagar Gas Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Efficient capital deployment (ROCE 18.1%)
- ✓Attractively valued vs sector (P/E 12.9x vs industry 24x)
- ✓Virtually debt-free
- ✓Regular dividends — yield 2.7%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| RELIANCE Reliance Industries Limited | ₹1,312 | ₹17.5L Cr | 22.5 | 1.96 | 8.91 | 10.3 | 0.45 |
| ONGC Oil & Natural Gas Corporation Limited | ₹246 | ₹3.1L Cr | 7.43 | 0.83 | 11.7 | 14.2 | 0.48 |
| COALINDIA Coal India Limited | ₹452 | ₹2.7L Cr | 8.79 | 2.34 | 28.5 | 35.3 | 0.13 |
| IOC Indian Oil Corporation Limited | ₹144 | ₹2.0L Cr | 4.73 | 0.93 | 20.7 | 18.8 | 0.74 |
| BPCL Bharat Petroleum Corporation Limited | ₹307 | ₹1.3L Cr | 5.02 | 1.33 | 28.8 | 25.7 | 0.56 |
| GAIL GAIL (India) Limited | ₹174 | ₹1.1L Cr | 14.8 | 1.29 | 8.71 | 9.68 | 0.25 |
| HINDPETRO Hindustan Petroleum Corporation Limited | ₹393 | ₹83K Cr | 4.59 | 1.28 | 30.9 | 22.2 | 1.11 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
MGL · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 32.50% | 32.50% | 32.50% | 32.50% | 32.50% | 32.50% |
| FII | 30.85% | 30.54% | 31.49% | 34.20% | 25.75% | 23.76% |
| DII | 17.23% | 17.40% | 16.67% | 15.46% | 21.10% | 23.82% |
| Public | 9.43% | 9.55% | 9.32% | 7.84% | 10.64% | 9.92% |
| Govt | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026 and Final dividend
Interim Dividend - Rs 12 Per Share
Dividend - Rs 18 Per Share
Interim Dividend - Rs 12 Per Share
Annual General Meeting/Dividend - Rs 18 Per Share
Interim Dividend - Rs 12 Per Share
Annual General Meeting/Dividend - Rs 16 Per Share
Latest News
All news →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
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
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
MTNL funds 11th semi-annual interest in escrow account
*MTNL funds 11th semi-annual interest in escrow account.* This follows compliance with SEBI (LODR) Regulations, 2015, specifically Regulation 30 & 51. The payment relates to MTNL Bond Series VI (INE153A08097) and has been deposited in the designated Bank of India escrow account. Routine debt servicing reflects adherence to regulatory norms. 📊 *STOCKS:* MTNL | 🏢 *SECTOR:* Telecom | #LOWIMPACT #Regulation
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 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
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 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 (₹) | 85.15 ▼19.2% | 105.34 ▼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
| Item | Mar 2026 | Sep 2025 | Mar 2025 | Mar 2024 | Mar 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 ▲2.1% | ₹2.2K Cr ▲10.9% | ₹2.0K Cr ▲10.7% | ₹1.8K Cr |
| Total Liabilities | ₹9.0K Cr ▲3.6% | ₹8.7K Cr ▲4.8% | ₹8.3K Cr ▲14.0% | ₹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 ▲4.7% | ₹1.2K Cr ▲5.3% | ₹1.1K Cr ▲14.0% | ₹988 Cr |
| Total Assets | ₹9.0K Cr ▲3.6% | ₹8.7K Cr ▲4.8% | ₹8.3K Cr ▲14.0% | ₹7.3K Cr ▲20.2% | ₹6.0K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| Operating CF | ₹1.2K Cr ▼17.4% | ₹1.4K Cr ▼10.3% | ₹1.6K Cr ▲61.8% | ₹969 Cr |
| Investing CF | ₹-888 Cr ▲15.6% | ₹-1.1K Cr ▲0.5% | ₹-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
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 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 | -10d ▲84.8% | -66d ▲8.3% | -72d ▼14.3% | -63d |
| ROCE | 18.0% ▼21.7% | 23.0% ▼32.4% | 34.0% | — |
Source: Screener.in · Lower days = better efficiency