Mahanagar Gas Ltd share price logo

Mahanagar Gas Share Price

(MGL)

₹1336.5▲0.45%

as on 02:11PM, 21 Feb 2025

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Option Chain

Mahanagar Gas Performance

  • Day's Low

    Day's High

    ₹1,325.75
    Day's Price Range
    ₹1,365.85

  • 52 Week's Low

    52 Week's High

    ₹1,075.25
    52-Week Price Range
    ₹1,988
1 Month Return+ 5.09 %
3 Month Return+ 19.3 %
1 Year Return-11.12 %
Previous Close₹1,342.55
Open₹1,336.55
Volume6.09L
Upper Circuit-
Lower Circuit-
Market Cap₹13,261.41Cr

Mahanagar Gas Key Statistics

P/E Ratio

12.68

PEG Ratio

-0.51

Market Cap

₹13,261.41 Cr

P/B Ratio

2.62

EPS

129.21

Dividend Yield

2.2

Sector

Gas Distribution

ROE

27.79

Mahanagar Gas Analyst Rating

based on 28 analysts

BUY

62.07%

Buy

20.69%

Hold

17.24%

Sell

Based on 28 analysts offering long term price targets for Mahanagar Gas. An average target of ₹1508.14

Source: S&P Global Market Intelligence

Mahanagar Gas Share analysis

Mahanagar Gas price forecast by 28 analysts

Upside of12.33%

High

₹2000

Target

₹1508.14

Low

₹1030

Mahanagar Gas target price ₹1508.14, a slight upside of 12.33% compared to current price of ₹1336.5. According to 28 analysts rating.

Source: S&P Global Market Intelligence

Key events for Mahanagar Gas Ltd

  • Citi Sees Growth Opportunities for Mahanagar Gas - 20 Feb, 2025

    Citi believes the end of marketing exclusivity for city gas distribution companies presents a growth opportunity for Mahanagar Gas, allowing expansion through mergers and acquisitions.

  • Mahanagar Gas Maintains CNG Prices Amid APM Gas Restoration - 19 Feb, 2025

    Mahanagar Gas' MD stated no further changes in CNG prices are expected after the partial restoration of APM gas allocation. The company anticipates 13-14% volume growth in the coming years.

  • Mahanagar Gas Shares Surge on BMC Clean Fuel Directive - 18 Feb, 2025

    Mahanagar Gas Ltd shares gained 2% following the Brihanmumbai Municipal Corporation's directive for eateries to switch to cleaner fuels by July 2025. This move is expected to boost demand for MGL's services, enhancing its market position.

  • Mahanagar Gas Expands CNG and Renewable Energy Plans - 14 Feb, 2025

    Mahanagar Gas is set to expand its CNG infrastructure and acquire renewable energy assets from ReNew, planning Rs 1,000 crore in capex for FY26. The company anticipates a 12% volume growth despite lower profitability due to higher procurement costs.

  • MGL Stock Shows Strong Bullish Momentum - 05 Feb, 2025

    Mahanagar Gas Ltd (MGL) has experienced a bullish breakout above Rs 1,324, supported by strong volumes. The stock is above key EMAs, indicating bullish continuation. A rounding bottom pattern suggests a reversal, with RSI above 60 and a bullish MACD crossover. Immediate resistance is at Rs 1,480, while support is at Rs 1,282.

  • MGL Acquires Stake in International Battery Company - 04 Feb, 2025

    Mahanagar Gas Ltd has announced the acquisition of a 4.4% stake in International Battery Company India Pvt Ltd for Rs 35.36 crore, indicating strategic expansion.

  • Mahanagar Gas Declares Dividend and Invests in IBC India - 03 Feb, 2025

    Mahanagar Gas declared an interim dividend of Rs 12 per share for FY 2024-25. The stock dropped 6.13% as it turned ex-dividend. Additionally, the company acquired a 44% stake in International Battery Company India, making it an associate.

  • Mahanagar Gas Upgraded Amid Strong Volume Growth - 30 Jan, 2025

    Mahanagar Gas reported 12% volume growth and raised guidance to 10%. Analysts upgraded the stock to Accumulate, anticipating positive impacts from potential vehicle phase-out in Mumbai.

  • Mahanagar Gas Reports Q3 Results with Profit Decline - 29 Jan, 2025

    Mahanagar Gas reported a significant decline in net profit for Q3 FY25, down 30.25% YoY, despite a revenue increase. Brokerages maintain positive outlook with growth potential.

  • Mahanagar Gas Reports Q3 Decline, Declares Dividend - 28 Jan, 2025

    Mahanagar Gas Ltd reported a 28.9% YoY decline in net profit to ₹225.4 crore for Q3 FY25 but exceeded estimates. The company declared an interim dividend of ₹12 per share, with a record date of February 3, 2025.

  • Mahanagar Gas Ltd Faces F&O Trading Ban - 27 Jan, 2025

    On January 28, 2025, Mahanagar Gas Ltd is among four stocks banned from futures and options trading due to exceeding 95% of the market-wide position limit.

Insights on Mahanagar Gas Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, MGL stock has moved up by 8.3%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 7.84% to 10.64% in Dec 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 5.13% to 10.27% in Dec 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, GAIL India Ltd has given 80.0% return, outperforming this stock by 4.1%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 32.50% of holdings in Dec 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Indraprastha Gas Ltd has given -7.0% return, outperforming this stock by 4.1%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 34.20% to 25.75% in Dec 2024 quarter

Mahanagar Gas Financials

Value in ₹ crore
DetailsQ'4 23Q'1 24Q'2 24Q'3 24Q'4 24
Revenue₹1,568.76Cr (-)₹1,612.61Cr (↑2.80%)₹1,665.76Cr (↑3.30%)₹1,786.25Cr (↑7.23%)₹1,847.41Cr (↑3.42%)
Net Income₹317.18Cr (-)₹252.26Cr (↓20.47%)₹288.77Cr (↑14.47%)₹283.50Cr (↓1.82%)₹221.17Cr (↓21.99%)
Net Profit Margin20.22% (-)15.64% (↓22.65%)17.34% (↑10.87%)15.87% (↓8.48%)11.97% (↓24.57%)
Value in ₹ crore
Details2021202220232024
Total Assets₹4,632.71Cr (-)₹5,274.84Cr (↑13.86%)₹6,081.83Cr (↑15.30%)₹7,282.22Cr (↑19.74%)
Total Liabilities₹1,400.34Cr (-)₹1,677.53Cr (↑19.79%)₹1,947.61Cr (↑16.10%)₹2,139.35Cr (↑9.84%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹985.24Cr (-)₹805.53Cr (↓18.24%)₹903.67Cr (↑12.18%)₹969.30Cr (↑7.26%)₹1,563.10Cr (↑61.26%)

Index Inclusions

S&P BSE Energy

₹10,314.10

-0.86 (▲-89.82%)

Nifty Small 100

₹15,601.10

-0.93 (▲-146.6%)

Nifty Smallcap 250

₹14,641.10

-0.85 (▲-126.2%)

Nifty MidSmallcap 400

₹17,201.55

-1.14 (▲-199.15%)

S&P BSE 250 SmallCap

₹5,878.34

-0.78 (▲-45.92%)

Nifty Smallcap 50

₹7,543.10

-1.09 (▲-82.85%)

Nifty 500

₹20,660.25

-0.82 (▲-170.85%)

Nifty Energy

₹31,550.65

-0.69 (▲-219%)

BSE Small-Cap

₹45,735.62

-0.69 (▲-319.32%)

S&P BSE 400 MidSmallCap

₹10,464.63

-1.11 (▲-117.92%)

BSE 500

₹32,494.14

-0.8 (▲-263.43%)

S&P BSE AllCap

₹10,471.31

0.68 (▲71.07%)

Mahanagar Gas Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
32.5%
0.00
Foreign Institutions
25.75%
-24.68
Mutual Funds
10.27%
100.11
Retail Investors
10.64%
35.73
Others
20.84%
2.47

Mahanagar Gas Key Indicators

Details2024
Earning Per Share (₹)129.21
Details20202021202220232024
Return On Equity %29.6620.0317.4820.4427.79
Details2024
Return On Assets %17.53
Details2024
Book Value Per Share (₹)519.36

Mahanagar Gas Valuation

Mahanagar Gas in the last 5 years

  • Overview

  • Trends

Lowest (0.00x)

September 29, 2023

Today (12.68x)

February 20, 2025

Industry (16.25x)

February 20, 2025

Highest (16.84x)

October 3, 2024

LowHigh

Mahanagar Gas Earnings and Dividends

  • Mahanagar Gas Ltd Earnings Results

    Mahanagar Gas Ltd’s net profit fell -30.25% since last year same period to ₹221.24Cr in the Q3 2024-2025. On a quarterly growth basis, Mahanagar Gas Ltd has generated -21.96% fall in its net profits since last 3-months.

    Read More about Earnings Results

  • Mahanagar Gas Ltd Dividends January,2025

    In the quarter ending December 2024, Mahanagar Gas Ltd has declared dividend of ₹12 - translating a dividend yield of 2.23%.

    Read More about Dividends

Mahanagar Gas Technicals Summary

Bearish

Neutral

Bullish

Bullish

Mahanagar Gas Ltd is currently in a Bullish trading position according to technical analysis indicators.

More on Technical Analysis

Mahanagar Gas Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
Mahanagar Gas Ltd
Mahanagar Gas Ltd
BUY₹13,261.41 Cr4.38%0.52₹1,276 Cr₹6,290 Cr
Indraprastha Gas Ltd
Indraprastha Gas Ltd
BUY₹28,505.43 Cr-2.01%0.51₹1,983 Cr₹14,000 Cr
Gujarat Gas Ltd
Gujarat Gas Ltd
HOLD₹27,573.47 Cr8.1%0.52₹1,143 Cr₹15,690 Cr
Gujarat State Petronet Ltd
Gujarat State Petronet Ltd
HOLD₹16,178.76 Cr4.19%0.51₹2,183 Cr₹17,294 Cr
Petronet LNG Ltd
Petronet LNG Ltd
HOLD₹46,027.50 Cr3.17%0.59₹3,527 Cr₹52,729 Cr
See all

About Mahanagar Gas

Mahanagar Gas Limited (MGL) is the largest city gas distributor in India, operating in Mumbai-Thane urban, adjoining municipalities and Raigad district in Maharashtra. MGL is the sole distributor of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG). As of March 31, 2017, the company supplied CNG to over 545,505 vehicles and PNG connections to 948,892 domestic households, 3218 commercial and 62 industrial consumers in Mumbai and its surrounding areas. MGL was incorporated in 1995, as a joint venture between the Gas Authority of India Limited (GAIL), the BG Group UK (formerly British Gas) and the Government of Maharashtra and has since connected over 4,838 kms of pipelines for CNG and PNG distribution. In 2017-18, it achieved the landmark of having a net worth in excess of Rs 2000 crores. MGL also provides outreach services to its customers, such as call center for grievances, CNG fueled two-wheelers in Mumbai, PGN supply operation to Uran in the Raigad district, and 200th CNG station opened in the Mumbai Metropolitan region.

Share Price: ₹1336.50 per share as on 21 Feb, 2025 02:11 PM
Market Capitalisation: ₹13,261.41Cr as of today
Revenue: ₹1,847.41Cr as on December 2024 (Q4 24)
Net Profit: ₹221.17Cr as on December 2024 (Q4 24)
Listing date: 01 Jul, 2016
Chairperson Name: Sandeep Kumar Gupta
OrganisationMahanagar Gas
Headquarters
IndustryGas Distribution
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FAQs on Mahanagar Gas Ltd

What is Mahanagar Gas Ltd price today?

Mahanagar Gas Ltd share price today stands at ₹1336.5, Open: ₹1336.55, Previous Close: ₹1342.55, High: ₹1365.85, Low: ₹1325.75, 52 Week High: ₹1988, 52 Week Low: ₹1075.25.

How to Buy Mahanagar Gas Ltd Share in India?

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Is Mahanagar Gas Ltd listed on NSE?

Mahanagar Gas Ltd is listed on NSE

Is Mahanagar Gas Ltd listed on BSE?

Mahanagar Gas Ltd is listed on BSE

What are today's High and Low prices of Mahanagar Gas Ltd?

  • Today's highest price of Mahanagar Gas Ltd is ₹1365.85.
  • Today's lowest price of Mahanagar Gas Ltd is ₹1325.75.

What are today's traded volumes of Mahanagar Gas Ltd?

Today's traded volume of Mahanagar Gas Ltd(MGL) is 6.09L.

What is today's market capitalisation of Mahanagar Gas Ltd?

Today's market capitalisation of Mahanagar Gas Ltd(MGL) is ₹13261.41Cr.

What is the 52 Week High and Low Range of Mahanagar Gas Ltd?

Mahanagar Gas Ltd (MGL)
Price
52 Week High
₹1988
52 Week Low
₹1075.25

How much percentage Mahanagar Gas Ltd is down from its 52 Week High?

Mahanagar Gas Ltd (MGL) share price is ₹1336.5. It is down -32.77% from its 52 Week High price of ₹1988

How much percentage Mahanagar Gas Ltd is up from its 52 Week low?

Mahanagar Gas Ltd (MGL) share price is ₹1336.5. It is up 24.30% from its 52 Week Low price of ₹1075.25

What are the historical returns of Mahanagar Gas Ltd?

Mahanagar Gas Ltd (MGL)
Returns
1 Day Returns
-6.05%
1 Month Returns
5.09%
3 Month Returns
19.3%
1 Year Returns
-11.12%

What is the PE ratio of Mahanagar Gas Ltd today?

PE Ratio of Mahanagar Gas Ltd is 12.68

PE ratio = Mahanagar Gas Ltd Market price per share / Mahanagar Gas Ltd Earnings per share