What is Mahanagar Gas Ltd (MGL) share price return in the past 10 years?

Data is not available for this company

What is the share price of Mahanagar Gas Ltd (MGL)?

Company share prices are keep on changing according to the market conditions. The current trading price of Mahanagar Gas Ltd (MGL) on 04-Jun-2026 16:59:59 at 16:59 is 1074.00.

What is the P/E ratio of Mahanagar Gas?

The latest standalone P/E ratio of Mahanagar Gas as of 04-Jun-2026 is 12.53.

What is the P/B ratio of Mahanagar Gas Ltd (MGL)?

The latest standalone P/B ratio of Mahanagar Gas Ltd (MGL) as of 04-Jun-2026 is 1.65.

What is the 52-week high and low of Mahanagar Gas Ltd (MGL)?

The 52-week high of Mahanagar Gas Ltd (MGL) is Rs. 1586.00 and the 52-week low is Rs. 902.00.

Mahanagar Gas Ltd (MGL) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Mahanagar Gas Ltd (MGL)
Brand: Mahanagar Gas

Key Metrics

Valuation Multiples

Market Cap

₹10,609 Cr.

Current Price

₹1,074

52-Week Low / High

₹902 / 1,586

TTM EPS

₹85.7

TTM Sales

₹9,060 Cr.

Book Value per Share

₹651.4

P/E Ratio

12.53

In line with its 5-year historical median

Industry PE

22.9

Price to Book (P/B)

1.65

Lower than its 5-year historical median

Price to Sales (P/S)

1.17

Lower than its 5-year historical median

EV/EBITDA

6.68

Lower than its 5-year historical median

Dividend Yield

2.16%

Profitability Efficiency

Return on Equity (ROE)

18.94%

Underperforms industry median

Return on Capital Employed (ROCE)

25.15%

In line with industry median

Return on Assets (ROA)

13.54%

Operating Profit Margin

21.8%

Net Profit Margin

15.09%

Gross Profit Margin

22.1%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

10.88%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

-18.23%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

-18.94%

Asset Quality

Promoter Holding

32.50%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹6,335 Cr.

Equity

₹98.8 Cr.

Face Value

₹10

All Time Low / High

₹493.20 / 1988.55

Mahanagar Gas stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is Mahanagar Gas Ltd a good quality company?

Mahanagar Gas Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Mahanagar Gas Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Mahanagar Gas Ltd vs industry peers?

Mahanagar Gas Ltd revenue CAGR is 18.43%, compared to the industry median CAGR of 15.74%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Mahanagar Gas Ltd?

Promoters hold 32.50% of the Mahanagar Gas Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Mahanagar Gas Ltd over the last decade?

Over the last 5 year(s), the stock has delivered a CAGR of -1.4% based on the current price.

DeciZen - make an informed investing decision on Mahanagar Gas

Standalone basis

1. Right Stock

2. Right Price

Price Chart

3. Right Time ⓘ

#Likely Future 5 Year CAGR.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	30%	33.7%	36.9%	37.3%	37%	27.2%	23.8%	27.6%	37.6%	25.2%	-
Value Creation Index ⓘ	1.1	1.5	1.7	1.8	1.7	1.0	0.8	1.0	1.8	0.9	-
Growth Parameters ⓘ
Sales ⓘ	2,078	2,034	2,233	2,791	2,972	2,153	3,560	6,299	6,245	6,924	9,060
Sales YoY Gr.	-	-2.1%	9.8%	25%	6.5%	-27.6%	65.4%	76.9%	-0.9%	10.9%	-
Adj EPS ⓘ	34.8	39.9	48.6	55.6	80.5	63.2	61.1	80.4	131	106.1	85.7
YoY Gr.	-	14.4%	21.9%	14.5%	44.7%	-21.5%	-3.3%	31.5%	63%	-19%	-
BVPS (₹) ⓘ	193.5	186.3	212.1	242.9	298.9	327.2	364.2	418.5	520.6	596.2	651.4
Adj Net Profit ⓘ	311	394	480	549	795	624	603	794	1,294	1,048	847
Cash Flow from Ops. ⓘ	419	532	652	685	985	806	904	969	1,563	1,368	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	14.3%	18.4%	24.8%	10.9%
Adj EPS ⓘ	13.2%	5.7%	20.2%	-19%
BVPSⓘ	13.3%	14.8%	17.9%	14.5%
Share Price	-	-1.9%	1.4%	-18.1%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	19.8	22.1	24.4	24.5	29.7	20.2	17.7	20.5	27.9	19	13.7
Op. Profit Mgn % ⓘ	24.5	31.7	35.1	31.9	35.5	43.5	26.2	18.9	29.6	21.8	16.1
Net Profit Mgn % ⓘ	15	19.4	21.5	19.7	26.8	29	17	12.6	20.7	15.1	9.4
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	36	45	48	42	33	45	37	32	43	47	38
Cash Conv. Cycle ⓘ	-9	-13	-13	-13	-17	-26	-14	-7	-11	-9	0

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	2,078	2,034	2,233	2,791	2,972	2,153	3,560	6,299	6,245	6,924
Operating Expenses ⓘ +	1,569	1,391	1,453	1,906	1,920	1,222	2,637	5,115	4,402	5,417
Manufacturing Costs	163	174	189	209	211	160	230	268	302	371
Material Costs	1,230	1,018	1,029	1,399	1,380	747	2,045	4,435	3,618	4,458
Employee Cost	56	60	67	71	81	88	83	108	118	138
Other Costs ⓘ	121	139	168	226	248	227	279	305	364	450
Operating Profit ⓘ	509	643	780	885	1,053	931	923	1,184	1,843	1,507
Operating Profit Margin (%)	24.5%	31.6%	34.9%	31.7%	35.4%	43.2%	25.9%	18.8%	29.5%	21.8%
Other Income ⓘ +	48	54	58	78	99	84	87	112	175	187
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	2	1	0	0	7	7	8	9	12	13
Depreciation ⓘ	83	95	111	126	162	174	196	231	274	306
Profit Before Tax ⓘ	472	601	727	837	984	834	806	1,056	1,733	1,374
Tax ⓘ	161	207	249	291	190	214	209	265	444	329
Profit After Tax	311	393	478	546	794	620	597	790	1,289	1,045
PAT Margin (%)	15.0%	19.3%	21.4%	19.6%	26.7%	28.8%	16.8%	12.5%	20.6%	15.1%
Adjusted EPS (₹)	34.8	39.8	48.4	55.3	80.3	62.7	60.4	80.0	130.5	105.8
Dividend Payout Ratio (%)	50.30%	47.70%	39.30%	36.20%	43.60%	36.70%	41.40%	32.50%	23%	28.40%

Valuation of Mahanagar Gas - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	1,728	1,840	2,095	2,399	2,953	3,232	3,597	4,134	5,143	5,889
Share Capital ⓘ	89	99	99	99	99	99	99	99	99	99
Reserves ⓘ	1,639	1,741	1,997	2,300	2,854	3,134	3,499	4,035	5,044	5,791
Debt +	4	3	1	0	0	0	0	0	0	0
Long Term Debt	4	3	1	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	112	120	110	152	132	156	272	322	334	415
Others Liabilities ⓘ	526	661	804	890	1,044	1,213	1,365	1,576	1,749	1,899
Total Liabilities ⓘ	2,370	2,624	3,010	3,441	4,128	4,601	5,234	6,032	7,226	8,204
Fixed Assets
Net Fixed Assets ⓘ +	1,129	1,305	1,532	1,763	2,049	2,169	2,614	3,026	3,543	4,104
Gross Block	1,211	1,482	1,819	2,174	2,618	2,911	3,504	4,119	4,878	5,712
Accumulated Depreciation	82	177	287	411	569	742	891	1,093	1,335	1,608
CWIP ⓘ	429	412	357	370	487	560	616	709	774	974
Investments ⓘ	393	467	688	654	1,121	1,025	1,088	1,310	1,636	1,740
Inventories	18	24	24	19	19	22	27	34	40	49
Trade Receivables	92	95	88	100	68	128	184	294	281	346
Cash Equivalents	175	136	92	299	229	512	465	228	398	315
Others Assets ⓘ	134	187	230	236	154	185	239	432	554	676
Total Assets ⓘ	2,370	2,624	3,010	3,441	4,128	4,601	5,234	6,032	7,226	8,204

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	419	532	652	685	985	806	904	969	1,563	1,368
PBT ⓘ	472	601	727	837	984	834	806	1,056	1,733	1,374
Adjustment ⓘ	53	58	72	82	103	118	144	164	164	180
Changes in Working Capital ⓘ	44	60	82	37	137	60	165	13	91	83
Tax Paid ⓘ	-150	-186	-228	-271	-238	-206	-212	-264	-424	-269
Cash Flow From Investing Activity ⓘ +	-222	-263	-419	-439	-755	-444	-539	-649	-1,267	-1,001
Capex	-215	-254	-269	-362	-426	-340	-647	-713	-770	-1,069
Net Investments	-38	-43	-179	-114	-376	-140	66	18	221	95
Others ⓘ	31	34	30	38	47	36	42	46	-718	-28
Cash Flow From Financing Activity ⓘ +	-191	-284	-226	-235	-242	-349	-310	-285	-312	-336
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-0	-0	-1	-0	-2	-0	-0	0	0	0
Dividend Paid ⓘ	-156	-282	-145	-191	-178	-322	-281	-252	-277	-296
Others ⓘ	-35	-2	-81	-43	-62	-26	-29	-33	-35	-39
Net Cash Flow ⓘ	5	-15	8	12	-11	13	54	35	-15	32

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	19.83	22.05	24.29	24.32	29.66	20.03	17.48	20.44	27.79	18.94
ROCE (%)	30.02	33.65	36.89	37.25	37	27.19	23.83	27.55	37.6	25.15
Asset Turnover Ratio	1.01	0.9	0.87	0.95	0.86	0.54	0.79	1.23	1.04	0.98
PAT to CFO Conversion(x)	1.35	1.35	1.36	1.25	1.24	1.3	1.51	1.23	1.21	1.31
Working Capital Days
Receivable Days	15.10	15.20	13.60	11.20	9.40	15.30	14.60	12.60	15.30	15.10
Inventory Days	2.80	3.40	3.60	2.60	2.10	3.20	2.30	1.60	2	2.10
Payable Days	33.20	41.50	40.80	34.20	37.60	70.20	38.20	24.50	33.10	30.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mahanagar Gas Ltd FAQs

The current trading price of Mahanagar Gas on 04-Jun-2026 16:59 is ₹1,074.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Mahanagar Gas stood at ₹10,608.7 Cr

The latest P/E ratio of Mahanagar Gas as of 03-Jun-2026 is 12.53.

The latest P/B ratio of Mahanagar Gas as of 03-Jun-2026 is 1.65.

The 52-week high of Mahanagar Gas is ₹1,586 and the 52-week low is ₹902.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mahanagar Gas is ₹9,060 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mahanagar Gas Ltd is a good quality company.

The key valuation ratios of Mahanagar Gas Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mahanagar Gas Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Mahanagar Gas Ltd

Mahanagar Gas Limited, (MGL) one of the India's leading Natural Gas Distribution Companies was incorporated on May 8, 1995. GAIL (India) Limited (Maharatna Company of Govt. of India) is the promoter of MGL.

Mahanagar Gas (MGL) is one of the leading Natural Gas Distribution Companies in India. MGL is the sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane and Raigad district of Maharashtra. Promoted by GAIL (India) Limited, the largest state-owned natural gas processing and distribution Company in India and BG Asia Pacific Holdings Pte. Ltd (BGAPH), MGL distributes CNG for motor vehicles and PNG for domestic, commercial as well as industrial use.

Business area of the company

MGL is in the business of City Gas Distribution (CGD), supplying natural gas in the city of Mumbai including its adjoining areas and the Raigad district, in the State of Maharashtra, India.

Services offered by the company

Domestic PNG
Commercial PNG
CNG
Industrial PNG
Gas Geysers

Awards

2009: MGL Certified for OHSAS 18001:2007 Occupational Health & Safety Management Systems in July 2009
2009: MGL recertified for ISO 14001:2004 in November 2009
2009: 6th CII Western Region SHE award 2009 (Service Sector-Large)
2010: BG Chairman’s Award for Safety 2010
2013: Greentech Safety Award, 2013
2013: Greentech Environment Excellence Award, 2013
2014: Greentech CSR Award, 2014
2015: Greentech CSR Award, 2015
2015: 5th Annual Greentech CSR Award 2015
2015: Pt. Madan Mohan Malviya Award being presented for CSR Initiative - MGL Unnati, 2015
2015: Golden Peacock Award for Corporate Social Responsibility, 2015
2015: Rashtra Vibhushan Award 2015 in Gold Category
2016: Greentech HR Award 2016
2016: Rashtra Vibhushan Award 2016
2016: Greentech Safety Awards 2016 in Gold Category
2016: Best Education Improvement Award by World CSR Day 2016
2016: Rashtra Vibhushan Award 2016-17
2017: The Middle East CSR Leadership Awards 2017
2017: Nava Bharat CSR Leadership Summit Awards 2017
2017: National Award for Excellence in CSR & Sustainability 2017
2017: Innov Awars 2017 in Gold Category
2017: Golden Tigers Award 2017
2018: Yes Bank - Business World Best CFO Award 2018
2018: Social Change Award 2018 by Govt. of India
2018: Financial Express CFO Awards 2018
2019: MGL was conferred with Stars of Industry Award, 2019 for outstanding achievement in CSR.

Major events and milestones

1997-1998: The first natural gas supply and transportation contract was signed with GAIL.
2008-2009: Completed laying 2,000 km of PE pipeline in GA 1.
2010-2011: Completed laying 200 km of steel pipeline in GA 1 and achieved a customer base of 0.5 million domestic customers.
2011-2012: Commissioned 150th CNG dispensing station.
2012-2013: Completed laying more than 350 km of PE pipeline and 350 km of steel pipelines.
2013-2014: Achieved a customer base of 1.0 million customers.
2017: MGL crosses 200th CNG Station mark in MMR
2017-18: Mahanagar Gas sets up First CNG Station in Raigad.
2018-19: Expanded its network in Raigad by operating 10 CNG stations.
2019-20: Crossed a milestone of 250 CNG stations.

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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Mahanagar Gas Ltd (MGL)

Mahanagar Gas Ltd (MGL)

Mahanagar Gas stock performance

Check Before You Invest

Quality

Valuation

Price Trend

DeciZen - make an informed investing decision on Mahanagar Gas

1. Right Stock

2. Right Price

3. Right Time ⓘ

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Mahanagar Gas - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mahanagar Gas Ltd FAQs

What is the share price of Mahanagar Gas?

What is the market cap of Mahanagar Gas?

What is the P/E ratio of Mahanagar Gas?

What is the P/B ratio of Mahanagar Gas?

What is the 52-week high and low of Mahanagar Gas?

What is the TTM revenue of Mahanagar Gas?

Is Mahanagar Gas Ltd a good quality company?

Is Mahanagar Gas Ltd undervalued or overvalued?

Is Mahanagar Gas Ltd a good buy now?

About Mahanagar Gas Ltd

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