MAHANAGAR GAS LTD.
Latest filings
Next results: Tue, 3 Nov · Financial Results- Mahanagar Gas sets November 4 earnings call for Q2 FY27 · Board & Shareholder Meetings
- PPFAS Mutual Fund crosses 5 percent stake in Mahanagar Gas · Ownership Changes
- Board meeting set for November 3 to approve Q2 and H1 results · Results
Snapshot
What the business is, and whether it's a good one at a fair price.
Distributes natural gas through three streams across its licensed geographic areas: automotive CNG, domestic piped natural gas (D-PNG) for households, and industrial/commercial piped gas. CNG volume grew 9.74% and D-PNG 9.09% in Q1 FY27, while I&C fell 7.15% on a 20% government gas allocation cut. Natural gas purchases are the dominant cost at 62.2% of revenue; depreciation is 4.5% and capex 11.9%, reflecting pipeline and station infrastructure. Domestic APM gas covers 100% of PNG and major CNG demand, but the I&C segment is exposed to imported LNG and Brent-linked pricing. FY27 capex is Rs 1,500-1,800 crore to accelerate household conversions under PNG Drive 2.0. GAIL (India) Limited is the promoter.
Scorecard
Measured from the filed financials, judged against its Gas peers · as of FY26 — not investment advice
Strengths
Concerns
Nothing flagged in the filed numbers.Charts
How has the market priced it — with filings on the timeline?
MGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peers
How does it stack up on valuation, returns and growth?
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Financials
Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Ownership
Who owns it — and is the promoter stake clean?
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Common questions
Answered from MAHANAGAR GAS LTD.'s filed financials and exchange disclosures
What does MAHANAGAR GAS LTD. do?
MAHANAGAR GAS LTD. is a Gas company listed on NSE and BSE, trading under the symbol MGL.
Is MAHANAGAR GAS LTD. profitable?
Yes. Over the trailing twelve months MAHANAGAR GAS LTD. reported a net profit of ₹715 Cr on revenue of ₹9,382 Cr.
Does MAHANAGAR GAS LTD. pay a dividend?
Yes. The dividend yield is 2.85% at the current price. It paid out 35% of its profit as dividend in FY26.
Is MAHANAGAR GAS LTD. debt-free?
Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹57 Cr of cash.
Is MAHANAGAR GAS LTD. expensive compared with its peers?
On trailing P/E, MAHANAGAR GAS LTD. ranks 6 of 9 in Gas — cheaper than 38% of them, against an industry median of 14.5×. This is a position, not a valuation judgement.
How much does the MAHANAGAR GAS LTD. share price move in a day?
On a typical session MAHANAGAR GAS LTD. moves 1.07% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.
When are MAHANAGAR GAS LTD.'s next results?
Financial Results on Tue, 3 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.
Where can I track MAHANAGAR GAS LTD.'s announcements?
Every NSE and BSE filing by MAHANAGAR GAS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.