MGL
Mahanagar Gas Limited (MGL) Stock Analysis
Mahanagar Gas Limited distributes piped natural gas and CNG in Mumbai and surrounding areas as a city gas distribution licensee. It sources gas from domestic and imported supply for households, transport, and industries. Volume growth follows vehicle conversion and PNG connections. It is listed on Indian stock exchanges.
Utilities › Utilities - Regulated Gas
₹1,080.90
-0.31% 1W | -17.20% 52W
Market Cap
10.7k CR
P/E Ratio
14.9
52W High
₹1349.9
52W Low
₹900
Div. Yield
3.33%
Beta
0.7
50 DMA
₹1102.1
200 DMA
₹1096.8
Profit Margin
8.4%
Inst. Own.
35.1%
🔥 APPROACHING RESISTANCE
🔥 APPROACHING RESISTANCE
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,538 | 1,571 | 1,569 | 1,613 | 1,666 | 1,786 | 1,847 | 1,964 | 2,083 | 2,050 | 2,060 | 2,052 | 2,373 |
| Expenses | 1,017 | 1,092 | 1,120 | 1,218 | 1,229 | 1,373 | 1,523 | 1,570 | 1,583 | 1,714 | 1,709 | 1,794 | 2,030 |
| Operating Profit | 521 | 479 | 449 | 395 | 437 | 413 | 325 | 394 | 500 | 336 | 351 | 258 | 342 |
| OPM % | 34% | 30% | 29% | 24% | 26% | 23% | 18% | 20% | 24% | 16% | 17% | 13% | 14% |
| Other Income | 39 | 44 | 48 | 44 | 36 | 47 | 42 | 42 | 32 | 29 | 30 | 29 | 30 |
| Interest | 3 | 2 | 3 | 6 | 3 | 3 | 3 | 4 | 5 | 5 | 6 | 5 | 6 |
| Depreciation | 62 | 66 | 68 | 81 | 83 | 84 | 91 | 93 | 96 | 104 | 104 | 106 | 109 |
| Profit before tax | 496 | 454 | 426 | 352 | 386 | 373 | 272 | 339 | 431 | 256 | 271 | 176 | 258 |
| Tax % | 26% | 25% | 26% | 26% | 25% | 23% | 19% | 27% | 26% | 25% | 26% | 26% | 25% |
| Net Profit | 368 | 338 | 317 | 261 | 289 | 287 | 221 | 247 | 319 | 191 | 201 | 130 | 193 |
| EPS in Rs | 37.30 | 34.27 | 32.11 | 26.38 | 29.24 | 29.03 | 22.40 | 25.01 | 32.26 | 19.37 | 20.36 | 13.15 | 19.54 |
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 6,299 | 6,290 | 7,264 | 8,246 | 8,535 |
| Expenses | 5,115 | 4,446 | 5,695 | 6,800 | 7,247 |
| Operating Profit | 1,184 | 1,844 | 1,569 | 1,446 | 1,288 |
| OPM % | 19% | 29% | 22% | 18% | 15% |
| Other Income | 112 | 175 | 167 | 120 | 118 |
| Interest | 9 | 13 | 14 | 21 | 22 |
| Depreciation | 231 | 277 | 352 | 410 | 423 |
| Profit before tax | 1,056 | 1,728 | 1,370 | 1,135 | 961 |
| Tax % | 25% | 26% | 24% | 26% | |
| Net Profit | 790 | 1,285 | 1,040 | 841 | 715 |
| EPS in Rs | 79.98 | 130.06 | 105.31 | 85.16 | 72.42 |
| Dividend Payout % | 20% | 23% | 28% | 35% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 9.0% | – | – |
| Profit CAGR | -2.0% | – | – |
Shareholding Pattern
Promoters32.50%
FIIs25.48%
DIIs22.52%
Public9.50%
Promoters32.50%
FIIs23.59%
DIIs22.89%
Public11.01%
Promoters32.50%
FIIs24.89%
DIIs20.83%
Public11.79%
Promoters32.50%
FIIs24.13%
DIIs21.01%
Public12.34%
Promoters32.50%
FIIs23.21%
DIIs22.53%
Public11.75%
Promoters32.50%
FIIs30.95%
DIIs14.93%
Public11.60%
Promoters32.50%
FIIs30.54%
DIIs17.40%
Public9.55%
Promoters32.50%
FIIs23.76%
DIIs23.82%
Public9.92%
Promoters32.50%
FIIs24.13%
DIIs21.01%
Public12.34%
Promoters32.50%
FIIs23.21%
DIIs22.53%
Public11.75%
MGL
Holdings Analysis
Key strengths & risk signals
58
Overall
61
Fundamental
56
Technical
Risks (4)
OVERVALUED! PEG of 7.10 means expensive relative to growth rate.
WEAK POSITION! Current price (1080.9) is below both moving averages.
WEAK YEAR! Stock declined 17.2% in the last year.
NEGATIVE MOMENTUM! Price declined across timeframes - down 0.3% (1 week), 4.3% (1 month), 11.4% (3 months).
Strengths (4)
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
BULLISH TREND! 50-day average (1102.1) is above 200-day average (1096.8) - positive signal.
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
BULLISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 182,472 vs down days: 163,022. Ratio: 1.12x
Fundamental & Technical Analysis
58Overall
61Fundamental
56Technical
Fundamental Breakdown
Growth Quality
13/30
Revenue CAGR: 9.3% (MODERATE, 8/15). Profit CAGR: 2.1% (SLOW, 5/15).
Profit Margin
3/10
LOW MARGIN! 8.4% profit margin - thin profits.
PEG Valuation
0/10
OVERVALUED! PEG of 7.10 means expensive relative to growth rate.
Dividend Yield
7/10
GOOD DIVIDEND! 3.33% yield - decent income potential.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.03 - excellent financial health.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 9.96% public ownership - strong promoter/institutional control.
Stability Index
8/10
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
Technical Breakdown
Moving Averages
10/10
BULLISH TREND! 50-day average (1102.1) is above 200-day average (1096.8) - positive signal.
Price Position
2/10
WEAK POSITION! Current price (1080.9) is below both moving averages.
Trend Pattern
10/20
AT RESISTANCE! Stock is at key resistance level.
52W Performance
2/10
WEAK YEAR! Stock declined 17.2% in the last year.
Volume Sentiment
20/30
BULLISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 182,472 vs down days: 163,022. Ratio: 1.12x
RSI
3/5
NEUTRAL! RSI at 46.3 - balanced momentum.
52W Range
3/5
MID RANGE! Trading at 40.2% of 52W range - neutral zone.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 0.3% (1 week), 4.3% (1 month), 11.4% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
MGL
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-05-14 | Concall PDF | |
| Q3FY262026-02-16 | Concall PDF | |
| Q2FY262025-11-07 | Concall PDF | |
| Q1FY072026-08-07 | Concall PDF |
Peer Comparison
Utilities · Utilities - Regulated Gas · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MGL | ₹1,080.90 | 14.9 | 8.4% | 9.3% | 2.1% | -17.2% | 58 | APPROACHING RESISTANCE | -39.4% | +48.6% | +13.9% | +15.6% |
| IRMENERGY | ₹271.90 | 15.3 | 6.5% | 2.8% | -5.5% | -22.1% | 55 | CONSOLIDATING UP | +143.2% | +164.1% | +24.2% | +16.5% |
| IGL | ₹148.90 | 16.3 | 8.1% | 4.6% | -1.9% | -29.8% | 54 | APPROACHING SUPPORT | -44.0% | -29.4% | +17.2% | +10.2% |
| ATGL | ₹638.10 | 111 | 10.1% | 10.4% | 6.3% | -15.4% | 67 | HIT RESISTANCE | -14.2% | -15.8% | +27.2% | +12.6% |
| GAIL | ₹172.80 | 11.5 | 6.7% | -0.9% | 10.5% | -3.9% | 67 | APPROACHING SUPPORT | +96.9% | +214.2% | +16.7% | +15.8% |
| JPPOWER | ₹16.50 | 23.6 | 11.1% | -1.3% | 101.1% | -17.0% | 57 | APPROACHING RESISTANCE | +68.6% | -3,598.5% | +12.2% | +28.1% |
| RPOWER | ₹21.00 | – | -4.1% | 0.8% | – | -56.7% | 46 | BREAKDOWN | +44.7% | -113.1% | +3.7% | +3.7% |
| INOXGREEN | ₹172.60 | 54.8 | 44.5% | 10.9% | – | -14.3% | 51 | CONSOLIDATING DOWN | +85.0% | +46.4% | -17.4% | -37.0% |
Data from TradeAlone · Updated daily
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