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
₹1,153.70
+10.74% 1W | -8.80% 52W
Market Cap
11.4k CR
P/E Ratio
17.3
52W High
₹1263.5
52W Low
₹900
Div. Yield
3.1%
Beta
0.7
50 DMA
₹1063.6
200 DMA
₹1089.5
Profit Margin
7.3%
Inst. Own.
35.5%
🚀 BREAKOUT
🚀 BREAKOUT
Fundamentals
Profit & Loss
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,571 | 1,569 | 1,613 | 1,666 | 1,786 | 1,847 | 1,964 | 2,083 | 2,050 | 2,060 | 2,052 | 2,373 | 2,538 |
| YoY Sales growth | -6% | +0% | +8% | +14% | +18% | +22% | +25% | +15% | +12% | +4% | +14% | +24% | |
| Expenses | 1,092 | 1,120 | 1,218 | 1,229 | 1,373 | 1,523 | 1,570 | 1,583 | 1,714 | 1,709 | 1,794 | 2,030 | 2,235 |
| Operating Profit | 479 | 449 | 395 | 437 | 413 | 325 | 394 | 500 | 336 | 351 | 258 | 342 | 304 |
| OPM % | 30% | 29% | 24% | 26% | 23% | 18% | 20% | 24% | 16% | 17% | 13% | 14% | 12% |
| Other Income | 44 | 48 | 44 | 36 | 47 | 42 | 42 | 32 | 29 | 30 | 29 | 30 | 6 |
| Interest | 2 | 3 | 6 | 3 | 3 | 3 | 4 | 5 | 5 | 6 | 5 | 6 | 8 |
| Depreciation | 66 | 68 | 81 | 83 | 84 | 91 | 93 | 96 | 104 | 104 | 106 | 109 | 117 |
| Profit before tax | 454 | 426 | 352 | 386 | 373 | 272 | 339 | 431 | 256 | 271 | 176 | 258 | 185 |
| Tax % | 25% | 26% | 26% | 25% | 23% | 19% | 27% | 26% | 25% | 26% | 26% | 25% | 27% |
| Net Profit | 338 | 317 | 261 | 289 | 287 | 221 | 247 | 319 | 191 | 201 | 130 | 193 | 135 |
| EPS in Rs | 34.27 | 32.11 | 26.38 | 29.24 | 29.03 | 22.40 | 25.01 | 32.26 | 19.37 | 20.36 | 13.15 | 19.54 | 13.73 |
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 6,299 | 6,290 | 7,264 | 8,246 | 9,023 |
| Sales growth | -0% | +15% | +14% | +14% | |
| Expenses | 5,115 | 4,446 | 5,695 | 6,800 | 7,768 |
| Operating Profit | 1,184 | 1,844 | 1,569 | 1,446 | 1,256 |
| OPM % | 19% | 29% | 22% | 18% | 14% |
| Other Income | 112 | 175 | 167 | 120 | 95 |
| Interest | 9 | 13 | 14 | 21 | 25 |
| Depreciation | 231 | 277 | 352 | 410 | 435 |
| Profit before tax | 1,056 | 1,728 | 1,370 | 1,135 | 891 |
| Tax % | 25% | 26% | 24% | 26% | |
| Net Profit | 790 | 1,285 | 1,040 | 841 | 659 |
| EPS in Rs | 79.98 | 130.06 | 105.31 | 85.16 | 66.78 |
| Dividend Payout % | 20% | 23% | 28% | 35% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 9.0% | – | – |
| Profit CAGR | 0.0% | – | – |
Shareholding Pattern
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%
FIIs23.46%
DIIs22.26%
Public11.78%
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%
FIIs23.46%
DIIs22.26%
Public11.78%
MGL
Holdings Analysis
Key strengths & risk signals
60
Overall
61
Fundamental
59
Technical
Risks (4)
OVERVALUED! PEG of 6.86 means expensive relative to growth rate.
WEAK POSITION! Current price (1041.8) is below both moving averages.
WEAK YEAR! Stock declined 17.8% in the last year.
BEARISH TREND! 50-day average (1081.0) is below 200-day average (1089.9) - negative signal.
Strengths (4)
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
BULLISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 169,582 vs down days: 107,995. Ratio: 1.57x
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
NEUTRAL! RSI at 44.0 - balanced momentum.
Fundamental & Technical Analysis
60Overall
61Fundamental
59Technical
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 6.86 means expensive relative to growth rate.
Dividend Yield
7/10
GOOD DIVIDEND! 3.42% 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
3/10
BEARISH TREND! 50-day average (1081.0) is below 200-day average (1089.9) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (1041.8) 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 17.8% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 169,582 vs down days: 107,995. Ratio: 1.57x
RSI
3/5
NEUTRAL! RSI at 44.0 - balanced momentum.
52W Range
2/5
LOWER HALF! Trading at 34.3% of 52W range - weakness visible.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - 2.1% (1 week), -3.7% (1 month), -3.7% (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 | ₹1,153.70 | 17.3 | 7.3% | 9.3% | 2.1% | -8.8% | 60 | BREAKOUT | – | -29.7% | – | +7.0% |
| IGL | ₹143.30 | 20.1 | 5.6% | 4.6% | -1.9% | -31.8% | 55 | BOUNCE FROM SUPPORT | -93.3% | -89.2% | +27.2% | +11.6% |
| IRMENERGY | ₹256.80 | 12.3 | 7.1% | 2.8% | -5.5% | -20.5% | 52 | CONSOLIDATING DOWN | +101.6% | -24.9% | +28.7% | +2.5% |
| ATGL | ₹580.40 | 99.6 | 9.5% | 10.4% | 6.3% | -7.3% | 64 | CONSOLIDATING DOWN | – | +22.3% | – | +10.8% |
| GAIL | ₹187.90 | 9.8 | 7.9% | -0.9% | 10.5% | +3.0% | 73 | BREAKOUT | – | +1.2% | – | +14.4% |
| JPPOWER | ₹14.20 | 25.8 | 8.5% | -1.3% | 101.1% | -22.2% | 57 | CONSOLIDATION | – | -92.9% | – | -14.8% |
| RPOWER | ₹19.30 | – | -4.1% | 0.8% | – | -54.9% | 43 | CONSOLIDATION | +44.7% | -113.1% | +3.7% | +3.7% |
| CLEANMAX | ₹1,305.30 | 84.4 | 7.0% | 27.1% | – | +44.4% | 58 | CONSOLIDATING DOWN | +85.8% | -3.1% | +37.1% | -12.2% |
Data from TradeAlone · Updated daily
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