Mahanagar Gas Limited
MGL · 539957 · Energy · LPG/CNG/PNG/LNG Supplier
- Market cap
- Rs 10,402 Cr
- P/E
- 14.54x
- P/B
- 1.62x
- 52W high / low
- Rs 1,301 / Rs 900
About Mahanagar Gas
Mahanagar Gas Limited is listed on the NSE under the symbol MGL and on the BSE under scrip code 539957. It is classified in the Energy sector, industry: LPG/CNG/PNG/LNG Supplier. It is a constituent of BSE 500, NIFTY 500, NIFTY Energy and NIFTY Smallcap 250. The company listed on 1 Jul 2016 and has a face value of Rs 10.
The latest available end-of-day price is Rs 1,053 (+0.02% on the day), for a market capitalisation of Rs 10,402 Cr. Trailing P/E is 14.54x and price-to-book is 1.62x. The 52-week range is Rs 900 to Rs 1,301. The latest price is 38% of the way from the 52-week low to the 52-week high.
Against the 7-company comparison set from the official BSE basic industry LPG/CNG/PNG/LNG Supplier, its market capitalisation is 0.5 times the peer median of Rs 19,757 Cr, and its P/E of 14.54x compares with a peer median of 14.56x. The comparison set is chosen mechanically from the exchange classification; it is not a ranking.
Latest annual results
For FY26 (year ended 31 Mar 2026), Mahanagar Gas Limited reported revenue of Rs 9,065 Cr and net profit of Rs 841 Cr, with a net margin of 9.27% and earnings per share of Rs 85.15 (consolidated statements).
Year-on-year change: revenue +12.76%; net profit −19.21%; EPS −19.16%.
At the same date the balance sheet shows total assets of Rs 8,981 Cr, shareholders' equity of Rs 6,428 Cr, total debt of Rs 0 Cr, cash of Rs 57.2 Cr, a debt-to-equity ratio of 0.00 and operating cash flow of Rs 1,162 Cr.
On a trailing-twelve-month basis the filings add up to revenue of Rs 9,382 Cr, net income of Rs 715 Cr and a net margin of 7.62%.
Shareholding pattern
In the shareholding pattern for 30 Sept 2026, Mahanagar Gas Limited's ownership is split: promoters 32.50%; foreign institutional investors (FIIs) 23.46%; domestic institutional investors (DIIs) 22.26%; retail and other shareholders 21.78%.
Compared with the filing for 30 Jun 2026: promoter holding 0.00 percentage points; FII holding +0.25 percentage points; DII holding −0.27 percentage points.
The same filing lists reported promoter pledge of 0.00% and 1,75,638 shareholders on record.
Recent filings and corporate actions
89 BSE corporate announcements were filed by Mahanagar Gas Limited in the past twelve months; the most frequent category is "Company Update" (60). The most recent is "Earnings conference call with research analysts and investors that is scheduled to be held on Wednesday, November 04, 2026 at 04:00 PM (IST…" (Company Update), filed on 28 Oct 2026.
The disclosed corporate-action timeline lists 10 entries: dividend (10). The latest is a dividend (Final Dividend - Rs. - 18.0000) with ex-date 18 Aug 2026.
Figures are raw disclosures from official NSE/BSE and SEBI filings plus mechanically computed ratios, restated in words. This is research data, not investment advice, a rating or a recommendation; DalalOS is not a SEBI-registered investment advisor.
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Peer comparison
Official BSE basic industry: LPG/CNG/PNG/LNG Supplier. Limited to companies within a 0.1x–10x market-cap band.
Edit columns
| Adani Total Gas Limited | Rs 546.6 | Rs 60,115 Cr | Rs 6,860 Cr | Rs 632 Cr | 95.06x | 13.94% |
| Petronet LNG Limited | Rs 289.15 | Rs 43,373 Cr | Rs 38,028 Cr | Rs 4,208 Cr | 10.31x | 19.96% |
| Indraprastha Gas Limited | Rs 141.64 | Rs 19,830 Cr | Rs 18,949 Cr | Rs 1,354 Cr | 14.57x | 12.24% |
| GUJARAT ENERGY LIMITED | Rs 210.88 | Rs 19,757 Cr | Rs 24,096 Cr | Rs 1,706 Cr | 9.43x | 12.67% |
| Mahanagar Gas LimitedThis company | Rs 1,053 | Rs 10,402 Cr | Rs 9,500 Cr | Rs 715 Cr | 14.54x | 11.63% |
| GSPL Transmission Limited | Rs 116.99 | Rs 3,659 Cr | — | — | — | — |
| Confidence Petroleum India Limited | Rs 67.6 | Rs 2,246 Cr | Rs 6,029 Cr | Rs 139 Cr | 16.69x | 9.78% |
| Median | Rs 210.88 | Rs 19,757 Cr | Rs 14,225 Cr | Rs 1,034 Cr | 14.56x | 12.46% |
Peers are selected mechanically from the official BSE industry hierarchy and current market-cap band. This is a comparison set, not a ranking or recommendation.
Companies related to Mahanagar Gas
Same official industry (LPG/CNG/PNG/LNG Supplier)
- Adani Total Gas LimitedATGL · Market cap Rs 60,115 Cr
- Petronet LNG LimitedPETRONET · Market cap Rs 43,373 Cr
- Indraprastha Gas LimitedIGL · Market cap Rs 19,830 Cr
- GUJARAT ENERGY LIMITEDGUJENERGY · Market cap Rs 19,757 Cr
- GSPL Transmission LimitedGSPLTRANS · Market cap Rs 3,659 Cr
- Confidence Petroleum India LimitedCONFIPET · Market cap Rs 2,246 Cr
Other Energy companies of a similar market capitalisation
- GAIL (India) LimitedGAIL · Market cap Rs 1,08,601 Cr
- Oil India LimitedOIL · Market cap Rs 73,929 Cr
- Hindustan Petroleum Corporation LimitedHINDPETRO · Market cap Rs 72,835 Cr
- Aegis Logistics LimitedAEGISLOG · Market cap Rs 41,372 Cr
- Mangalore Refinery and Petrochemicals LimitedMRPL · Market cap Rs 30,362 Cr
- Aegis Vopak Terminals LimitedAEGISVOPAK · Market cap Rs 26,171 Cr
- Chennai Petroleum Corporation LimitedCHENNPETRO · Market cap Rs 22,512 Cr
- Castrol India LimitedCASTROLIND · Market cap Rs 18,558 Cr
Companies are grouped mechanically from the exchange classification and listed by market capitalisation. This is a comparison set, not a ranking or recommendation.