Mahanagar Gas
MGLNSE

Mahanagar Gas

₹1,064.40-42.00 (3.80%)1D
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Overview
Technicals
News
Events

Performance

Today’s low
1,058.70
Today’s high
1,110.90
52 week low
900.00
52 week high
1,586.90
Open price
1,108.70
Previous close
1,106.40
Live volume
1,75,038
Lower circuit
885.20
Upper circuit
1,327.60

Fundamentals

Market Cap
₹10,930Cr
ROE
13.09%
P/E Ratio(TTM)
13.00
EPS(TTM)
85.10
P/B Ratio
1.70
Dividend Yield
0.00%
Industry P/E
16.81
Book Value
650.71
Debt to Equity
0.03
Face Value
10

Financial performance

Quarterly
Yearly
All Financials
MAR '26
Revenue (Cr)
₹2,288
-0.41%
Profit (Cr)
₹130
-35.54%
06001.2k1.8k2.4k
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26

About

Mahanagar Gas Limited is one of India's top city gas distribution companies, providing Compressed Natural Gas (CNG) for vehicles and Piped Natural Gas (PNG) for homes and businesses. Its vision is to become a world-class, environment-friendly company that is an employer of choice and is committed to delivering safe, efficient, and dependable energy to its customers and stakeholders. Safety is the company's most important concern, operating under the guiding principle of 'Zero Injuries' to ensure the well-being of its workforce and prevent accidents in its operations. The company serves more than nine lakh vehicles with CNG, which is a key fuel for public transport buses in its operational areas, helping reduce air pollution significantly. To prepare for the future, the company is diversifying into the Electric Vehicle (EV) sector by investing in a 3-wheeler EV manufacturer to promote cleaner transportation alternatives. MGL has an extensive network of approximately 7,000 kilometers of pipeline and 347 CNG stations, showing its commitment to building accessible and reliable gas infrastructure for its customers.;
CEO/MD
Ashu Shinghal
Founded in
1995
NSE symbol
MGL

Shareholding Pattern

Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Promoters
32.50%
Foreign Institutions
24.14%
Retail And Others
22.35%
Other Domestic Institutions
12.19%
Mutual Funds
8.82%
Livesquawk
Mahanagar Gas expects domestic PNG volume growth to reach 12% or more, driven by new suburban connections. Despite lower per capita consumption in existing areas, demand growth remains strong for Mahanagar Gas.
Livesquawk
Mahanagar Gas aims to maintain EBITDA per SCM above ₹8 despite FY27 margin uncertainty. The company prioritizes infrastructure expansion and volume growth over short-term margin protection.
Livesquawk
Citi maintains Buy on MGL with ₹1400 target, citing Q4 EBITDA, net profit in line despite margin pressure. MGL saw 6% YoY volume growth, ₹30/share FY26 dividend; LNG risks offset by supportive CGD policies.
2026
7
May
Quarterly & Annual Result
Release date

13
Feb
Dividend
Ex date
₹12.00
per share

For each share you hold, you will receive ₹12.00
Dividend amount₹12.00 per share
Dividend TypeInterim
Ex Date13 Feb ‘26
Record Date13 Feb ‘26
Announcement date7 Feb ‘26

7
Feb
Dividend
Announced
₹12.00
per share

For each share you hold, you will receive ₹12.00
Dividend amount₹12.00 per share
Dividend TypeInterim
Ex Date13 Feb ‘26
Record Date13 Feb ‘26
Announcement date7 Feb ‘26
7
Feb
Quarterly Result
Release date
2025
29
Oct
Quarterly Result
Release date

14
Aug
Dividend
Ex date
₹18.00
per share

For each share you hold, you will receive ₹18.00
Dividend amount₹18.00 per share
Dividend TypeFinal
Ex Date14 Aug ‘25
Record Date14 Aug ‘25
Announcement date6 May ‘25
22
Jul
Quarterly Result
Release date

6
May
Dividend
Announced
₹18.00
per share

For each share you hold, you will receive ₹18.00
Dividend amount₹18.00 per share
Dividend TypeFinal
Ex Date14 Aug ‘25
Record Date14 Aug ‘25
Announcement date6 May ‘25

3
Feb
Dividend
Ex date
₹12.00
per share

For each share you hold, you will receive ₹12.00
Dividend amount₹12.00 per share
Dividend TypeInterim
Ex Date3 Feb ‘25
Record Date3 Feb ‘25
Announcement date28 Jan ‘25

28
Jan
Dividend
Announced
₹12.00
per share

For each share you hold, you will receive ₹12.00
Dividend amount₹12.00 per share
Dividend TypeInterim
Ex Date3 Feb ‘25
Record Date3 Feb ‘25
Announcement date28 Jan ‘25
2024

14
Aug
Dividend
Ex date
₹18.00
per share

For each share you hold, you will receive ₹18.00
Dividend amount₹18.00 per share
Dividend TypeFinal
Ex Date14 Aug ‘24
Record Date14 Aug ‘24
Announcement date9 May ‘24
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