Mahanagar Gas Ltd share price logo

Mahanagar Gas Ltd Share Price

(MGL)

Small Cap

Gas Sector

₹1380▲0.75%

as on 04:02PM, 21 Mar 2025

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Option Chain

Mahanagar Gas Performance

  • Day's Low

    Day's High

    ₹1,361
    Day's Price Range
    ₹1,392.95

  • 52 Week's Low

    52 Week's High

    ₹1,075.25
    52-Week Price Range
    ₹1,988
1 Month Return+ 4.78 %
3 Month Return+ 12.6 %
1 Year Return+ 3.02 %
Previous Close₹1,369.70
Open₹1,369.75
Volume3.78L
Upper Circuit₹1,506.65
Lower Circuit₹1,232.75
Market Cap₹13,631.33Cr

Mahanagar Gas Fundamentals

P/E Ratio

13.04

PEG Ratio

-0.52

Market Cap

₹13,631.33 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 27 analysts

BUY

67.86%

Buy

14.29%

Hold

17.86%

Sell

Based on 27 analysts offering long term price targets for Mahanagar Gas. An average target of ₹1511.96

Source: S&P Global Market Intelligence

Mahanagar Gas Share analysis

Mahanagar Gas price forecast by 27 analysts

Upside of9.56%

High

₹2000

Target

₹1511.96

Low

₹1030

Mahanagar Gas target price ₹1511.96, a slight upside of 9.56% compared to current price of ₹1380. According to 27 analysts rating.

Source: S&P Global Market Intelligence

Key events for Mahanagar Gas Ltd

  • Mahanagar Gas Sees Positive Developments and Appointments - 20 Mar, 2025

    Mahanagar Gas Ltd experiences positive market activity with a Buy rating from Axis Capital and HDFC Securities, alongside a new director appointment. However, regulatory uncertainties loom over the sector.

  • Mahanagar Gas Highlights Growth at Expo 2025 - 17 Mar, 2025

    Mahanagar Gas Limited showcased its commitment to the natural gas sector at the Oil, Gas & Power World Expo 2025, discussing investment opportunities and challenges. The company emphasized innovation in LNG, EVs, and sustainability initiatives.

  • Mahanagar Gas Expands into EV Battery Manufacturing - 10 Mar, 2025

    Mahanagar Gas Ltd is collaborating with two-wheeler manufacturers for EV battery cells, with deliveries expected by 2026. The company has partnered with International Battery Company to establish a cell manufacturing facility in Karnataka, with an initial investment of Rs 870 crore and a projected return of 16-18%.

  • Gas Pipeline Fire Injures Three in Mumbai - 09 Mar, 2025

    A fire erupted from a leaking gas pipeline of Mahanagar Gas Limited in Andheri, Mumbai, injuring three individuals early Sunday morning. The incident raised safety concerns regarding gas supply infrastructure.

  • Mahanagar Gas Targets 13% Volume Growth in FY25 - 08 Mar, 2025

    Mahanagar Gas Ltd. aims for a 13% volume growth in FY25, with an 11% increase already recorded in the first nine months. The Managing Director expressed confidence in achieving double-digit growth annually over the next three years, despite potential dips in EBITDA margins.

  • Mahanagar Gas Plans Expansion Amid Stable CNG Prices - 06 Mar, 2025

    Mahanagar Gas plans to invest Rs 1,000 crore in FY26 for expanding CNG stations and infrastructure. Despite analysts suggesting a price hike, the company maintains no need for further increases, expecting double-digit volume growth driven by commercial and industrial sectors.

  • Investec Upgrades Mahanagar Gas to Buy Rating - 03 Mar, 2025

    Investec has upgraded Mahanagar Gas to a Buy rating from Hold, setting a target price of Rs 1,600, reflecting a potential 29% upside from its current price.

  • Mahanagar Gas Waives Deposit for PNG Transition - 28 Feb, 2025

    Mahanagar Gas Limited has waived the security deposit for eateries and bakeries transitioning to Piped Natural Gas (PNG) in Mumbai, aligning with clean fuel mandates. The company will also assist in obtaining necessary approvals and cover costs for downstream pipelines and metering facilities, reinforcing its commitment to sustainability.

  • Mahanagar Gas Projects Growth Amid Technical Strength - 24 Feb, 2025

    Mahanagar Gas Ltd reported strong performance for Q3FY25, projecting 10% YoY growth for FY26. The stock shows bullish technical patterns, with potential targets at Rs 1550.

  • 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.

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

    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

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, MGL stock has moved up by 12.6%

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, MGL has outperformed top 5 stocks with highest market-cap in Natural Gas Utilities

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, MGL has outperformed top 5 stocks with highest market-cap in Natural Gas Utilities

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

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

  • 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%)

Mahanagar Gas Index Inclusions

S&P BSE Energy

₹10,856.11

1.86 (▲198.3%)

Nifty Smallcap 50

₹7,803.95

2.14 (▲163.15%)

Nifty 500

₹21,273.90

0.97 (▲203.85%)

Nifty Energy

₹33,475.05

1.44 (▲474%)

S&P BSE 400 MidSmallCap

₹10,848.81

1.49 (▲158.79%)

Nifty Small 100

₹16,184.95

2.06 (▲326.9%)

BSE 500

₹33,487.78

0.95 (▲316.59%)

BSE Small-Cap

₹47,296.81

2.05 (▲952.22%)

Nifty MidSmallcap 400

₹17,784.45

1.62 (▲284.25%)

S&P BSE AllCap

₹10,471.31

0.68 (▲71.07%)

S&P BSE 250 SmallCap

₹6,111.41

2.14 (▲127.97%)

Nifty Smallcap 250

₹15,242.30

2.14 (▲319.95%)

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

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

Mahanagar Gas Valuation

Mahanagar Gas in the last 5 years

  • Overview

  • Trends

Lowest (0.00x)

September 29, 2023

Today (13.04x)

March 21, 2025

Industry (16.74x)

March 21, 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 2.17%.

    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₹13,631.33 Cr19.45%0.52₹1,276 Cr₹6,290 Cr
Indraprastha Gas Ltd
Indraprastha Gas Ltd
BUY₹27,739.63 Cr5.99%0.51₹1,983 Cr₹14,000 Cr
Gujarat Gas Ltd
Gujarat Gas Ltd
HOLD₹28,447.72 Cr20.3%0.52₹1,143 Cr₹15,690 Cr
Gujarat State Petronet Ltd
Gujarat State Petronet Ltd
HOLD₹16,288.78 Cr14.86%0.51₹2,183 Cr₹17,294 Cr
Petronet LNG Ltd
Petronet LNG Ltd
HOLD₹45,187.50 Cr11.83%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.

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 ₹1380, Open: ₹1369.75, Previous Close: ₹1369.7, High: ₹1392.95, Low: ₹1361, 52 Week High: ₹1988, 52 Week Low: ₹1075.25.

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

Today's traded volume of Mahanagar Gas Ltd(MGL) is 3.78L.

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

Today's market capitalisation of Mahanagar Gas Ltd(MGL) is ₹13631.33Cr.

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 ₹1380. It is down -30.58% 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 ₹1380. It is up 28.34% from its 52 Week Low price of ₹1075.25