Mahanagar Gas

Why is Mahanagar Gas Ltd. falling/rising?

As of 22-Jun, Mahanagar Gas Ltd. is seeing a stock price increase to 1,246.35, up 3.26%, driven by strong performance metrics and solid fundamentals, despite a decline in investor participation. The stock has outperformed the Sensex and is supported by positive technical indicators and high institutional holdings.

As of 22-Jun, Mahanagar Gas Ltd. is experiencing a rise in its stock price, currently at 1,246.35, which reflects an increase of 39.3 or 3.26%. This upward movement is supported by several factors. Over the past week, the stock has outperformed the Sensex, gaining 9.39% compared to the index's 1.09%. Additionally, the stock has shown a significant increase of 18.17% over the past month, while the Sensex has only risen by 2.23%.<BR><BR>Today's performance indicates that Mahanagar Gas has outperformed its sector by 2.68%, and it reached an intraday high of Rs 1253.1, marking a 3.82% increase. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive technical indicator.<BR><BR>However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 22.79% against the 5-day average. Despite this, the stock remains liquid enough for trading, indicating that there is still interest among investors.<BR><BR>The company's fundamentals also support its stock price rise, as it is net-debt free and has a high return on equity (ROE) of 15.42%. High institutional holdings at 55.15% suggest that knowledgeable investors are backing the stock, which can further bolster confidence in its performance. Overall, the combination of strong recent performance, positive technical indicators, and solid fundamentals contributes to the rising stock price of Mahanagar Gas Ltd.

Which are the latest news on Mahanagar Gas?

Should I buy, sell or hold Mahanagar Gas Ltd.?

What does Mahanagar Gas do?

Mahanagar Gas Limited (MGL) is a leading city gas distribution company in India, authorized to distribute compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and nearby areas. As of March 2026, it reported net sales of ₹2,052 Cr and a net profit of ₹130 Cr, with a market cap of ₹10,452 Cr.

Overview: <BR>Mahanagar Gas Limited (MGL) is one of the largest city gas distribution companies in India, operating in the gas industry within the small-cap market segment.<BR><BR>History: <BR>Mahanagar Gas Ltd. was incorporated in the year 1995. It is the sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and surrounding areas. The latest reported quarterly results show net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 2,052 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 130 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 10,452 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 13.00 <BR>Industry P/E: 21 <BR>Dividend Yield: 2.83% <BR>Debt-Equity: -0.14 <BR>Return on Equity: 13.09% <BR>Price-to-Book: 1.63<BR><BR>Contact Details: <BR>Address: MGL House Block No G-33, Bandra-Kurla Complex Bandra(E) Mumbai Maharashtra : 400051 <BR>Tel: 91-22-66952941 <BR>Email: mgl.ipo@mahanagargas.com <BR>Website: www.mahanagargas.com

How big is Mahanagar Gas?

As of 10th June, Mahanagar Gas Ltd. has a market capitalization of 10,452.00 Cr, with recent net sales of 8,245.70 Cr and a net profit of 841.14 Cr over the last four quarters.

As of 10th June, <BR><BR>Market Cap: Mahanagar Gas Ltd. has a market capitalization of 10,452.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 8,245.70 Cr, while the sum of Net Profit for the same period is 841.14 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the balance sheet is March 2025. Shareholder's Funds are valued at 5,880.18 Cr, and Total Assets amount to 8,270.21 Cr.

Who are in the management team of Mahanagar Gas?

The management team of Mahanagar Gas includes Chairman Sandeep Kumar Gupta, Managing Director Ashu Shinghal, Deputy Managing Director Sanjay Shende, and several Independent Non-Executive Directors: Syed Shahzad Hussain, Malvika Sinha, Rajeev Bhaskar Sahi, and Venkatraman Srinivasan, along with Non-Independent Non-Executive Director Harshadeep Shriram Kamble. They are responsible for the company's strategic direction and operations.

The management team of Mahanagar Gas includes the following individuals:<BR><BR>1. **Sandeep Kumar Gupta** - Chairman (Non-Executive) & Director (Non-Independent)<BR>2. **Ashu Shinghal** - Managing Director<BR>3. **Sanjay Shende** - Deputy Managing Director<BR>4. **Syed Shahzad Hussain** - Independent Non-Executive Director<BR>5. **Malvika Sinha** - Independent Non-Executive Director<BR>6. **Rajeev Bhaskar Sahi** - Independent Non-Executive Director<BR>7. **Venkatraman Srinivasan** - Independent Non-Executive Director<BR>8. **Harshadeep Shriram Kamble** - Non-Independent Non-Executive Director<BR><BR>This team plays a crucial role in guiding the company's strategic direction and operations.

Who are the peers of the Mahanagar Gas?

Mahanagar Gas's peers include GAIL (India), Adani Total Gas, Petronet LNG, and others. In terms of management risk, growth, and capital structure, Mahanagar Gas is rated as good, with a 1-year return of -24.58%, the lowest among its peers.

Peers: The peers of Mahanagar Gas are GAIL (India), Adani Total Gas, Petronet LNG, Aegis Logistics, Gujarat Gas, Indraprastha Gas, Guj.St.Petronet, Confidence Petro, IRM Energy, and Positron Energy.<BR><BR>Quality Snapshot: Excellent management risk is observed at Petronet LNG, while Good management risk is found at GAIL (India), Adani Total Gas, Aegis Logistics, Gujarat Gas, Indraprastha Gas, Guj.St.Petronet, and Mahanagar Gas, and the rest. Average management risk is seen at Confidence Petro and IRM Energy. Growth is Excellent at Aegis Logistics, Good at Adani Total Gas and Confidence Petro, Average at GAIL (India), Petronet LNG, Indraprastha Gas, and Mahanagar Gas, and Below Average at Gujarat Gas and Guj.St.Petronet, and the rest. Capital Structure is Excellent at GAIL (India), Petronet LNG, Gujarat Gas, Indraprastha Gas, Guj.St.Petronet, and Mahanagar Gas, Good at Adani Total Gas, Aegis Logistics, and Confidence Petro, and Average at IRM Energy.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Confidence Petro at 21.78%, while the lowest is Mahanagar Gas at -24.58%. Mahanagar Gas's 1-year return is significantly lower than that of Confidence Petro. Additionally, GAIL (India), Petronet LNG, Gujarat Gas, Indraprastha Gas, Guj.St.Petronet, IRM Energy, and Mahanagar Gas all have negative six-month returns.

Are Mahanagar Gas Ltd. latest results good or bad?

Mahanagar Gas Ltd.'s latest results are concerning, with a 4.46% revenue increase but a 47.40% decline in net profit, indicating significant margin compression and operational challenges. Investors should be cautious due to the sharp drop in profitability and low operating margins.

Mahanagar Gas Ltd.'s latest results indicate a challenging situation for the company. In the fourth quarter of FY26, while revenue increased by 4.46% year-on-year to ₹2,052.05 crores, net profit saw a significant decline of 47.40%, dropping to ₹129.94 crores. This sharp profit drop highlights serious margin compression, with the operating profit margin falling to 12.67%, down from 20.11% in the same quarter last year.<BR><BR>The results reveal a concerning trend where the company is struggling to convert revenue growth into profitability. Despite higher sales, the operating profit before depreciation, interest, and tax decreased sharply, indicating that rising input costs and limited pricing power are severely impacting margins.<BR><BR>Overall, the financial performance reflects fundamental challenges within the company, suggesting that the results are more negative than positive. The significant decline in profit and the lowest operating margins in recent quarters signal ongoing operational difficulties that investors should be cautious about.

When is the next results date for Mahanagar Gas Ltd.?

The next results date for Mahanagar Gas Ltd. is 07 May 2026.

The next results date for Mahanagar Gas Ltd. is scheduled for 07 May 2026.

How has been the historical performance of Mahanagar Gas?

Mahanagar Gas has shown growth in net sales and total assets over the past three years, with net sales reaching 7,263.80 Cr in March 2025. However, profitability metrics, including operating profit and profit after tax, have declined during this period.

Answer:<BR>The historical performance of Mahanagar Gas shows a mixed trend in financial metrics over the past three years.<BR><BR>Breakdown:<BR>Mahanagar Gas reported net sales of 7,263.80 Cr in March 2025, an increase from 6,290.10 Cr in March 2024 and slightly higher than 6,299.28 Cr in March 2023. Total operating income mirrored net sales, remaining at 7,263.80 Cr in March 2025. The company's total expenditure, excluding depreciation, rose to 5,693.83 Cr in March 2025 from 4,446.20 Cr in March 2024, indicating increased costs primarily in raw materials, which surged to 4,680.30 Cr. Operating profit (PBDIT) decreased to 1,736.56 Cr in March 2025 from 2,018.77 Cr in March 2024, reflecting a decline in operating profit margin from 29.31% to 21.61%. Profit before tax also fell to 1,370.45 Cr in March 2025 from 1,728.11 Cr in March 2024, leading to a profit after tax of 1,041.01 Cr, down from 1,284.69 Cr. The earnings per share (EPS) decreased to 105.31 in March 2025 from 130.06 in March 2024. On the balance sheet, total assets increased to 8,270.21 Cr in March 2025 from 7,253.40 Cr in March 2024, while total liabilities also rose to 8,270.21 Cr. Cash flow from operating activities decreased to 1,405.00 Cr in March 2025 from 1,567.00 Cr in March 2024, although the closing cash and cash equivalents improved to 151.00 Cr from 129.00 Cr. Overall, Mahanagar Gas has experienced growth in sales and assets, but profitability metrics have shown a decline in recent years.

Is Mahanagar Gas technically bullish or bearish?

As of 27 October 2025, Mahanagar Gas is in a bearish trend with moderate strength, indicated by bearish MACD, Bollinger Bands, and moving averages across multiple time frames, suggesting a negative outlook in the near term.

As of 27 October 2025, the technical trend for Mahanagar Gas has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include a bearish MACD on the weekly chart, bearish Bollinger Bands on both weekly and monthly time frames, and bearish moving averages on the daily chart. The KST is bearish on the weekly and mildly bearish on the monthly, while the Dow Theory indicates a mildly bearish trend on the weekly. Overall, the combination of these indicators suggests a negative outlook for Mahanagar Gas in the near term.

Who are the top shareholders of the Mahanagar Gas?

The top shareholders of Mahanagar Gas include Gail (India) Ltd. with 32.5%, foreign institutional investors at 25.48%, mutual funds with 10.86%, and the Governor of Maharashtra holding 10%. Individual investors own 7.99%, with no pledged promoter holdings.

The top shareholders of Mahanagar Gas include several key players. The largest shareholder is Gail (India) Ltd., which holds 32.5% of the company. Following that, foreign institutional investors (FIIs) collectively own 25.48%, while mutual funds have a stake through 28 schemes, accounting for 10.86%. The Governor of Maharashtra is also a significant public shareholder with a 10% holding. Additionally, individual investors hold 7.99% of the shares. Overall, the majority of the shares are held by promoters, and there are no pledged promoter holdings.

Is Mahanagar Gas overvalued or undervalued?

As of January 29, 2025, Mahanagar Gas is considered very attractive for investment due to its undervalued status with a PE ratio of 12.63, strong profitability metrics, and positive stock performance compared to peers like GAIL and Adani Total Gas.

As of 29 January 2025, Mahanagar Gas has moved from an attractive to a very attractive valuation grade, indicating a stronger investment appeal. The company is currently undervalued, with a PE ratio of 12.63, an EV to EBITDA of 7.62, and a PEG ratio of 0.00, suggesting that it is trading at a discount relative to its earnings growth potential. In comparison, GAIL (India) has a PE of 11.9 and an EV to EBITDA of 9.37, while Adani Total Gas is marked as very expensive with a PE of 114.25 and an EV to EBITDA of 67.16.<BR><BR>Mahanagar Gas's strong ROCE of 25.95% and ROE of 17.70% further reinforce its undervaluation, as these figures indicate effective management and profitability. Additionally, the company's recent stock performance has outpaced the Sensex, with a year-to-date return of 8.32% compared to the Sensex's 5.62%, suggesting positive market sentiment towards Mahanagar Gas. Overall, the company's strong fundamentals and favorable peer comparison support the conclusion that it is currently undervalued.

Has Mahanagar Gas declared dividend?

Yes, Mahanagar Gas Ltd. has declared a 120% dividend, amounting to ₹12 per share, with an ex-date of February 3, 2025. The dividend yield is 0.92%, and the company has shown varying total returns over different periods, with strong long-term performance.

Mahanagar Gas Ltd. has declared a 120% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 120%<BR>- Amount per share: 12<BR>- Ex-date: 03 Feb 25<BR><BR>Dividend Yield: 0.92%.<BR><BR>Total Returns by Period:<BR>Over the past 6 months, Mahanagar Gas experienced a price return of 3.85%, a dividend return of 0.93%, resulting in a total return of 4.78%.<BR><BR>In the 1-year period, the company had a price return of -1.85%, a dividend return of 0.85%, leading to a total return of -1.0%.<BR><BR>For the 2-year period, Mahanagar Gas saw a price return of 29.98%, a dividend return of 3.88%, culminating in a total return of 33.86%.<BR><BR>In the 3-year period, the price return was 75.03%, with a dividend return of 8.88%, resulting in a total return of 83.91%.<BR><BR>Over the 4 years, the company had a price return of 12.86%, a dividend return of 7.73%, which led to a total return of 20.59%.<BR><BR>Finally, in the 5-year period, Mahanagar Gas achieved a price return of 31.91%, a dividend return of 10.78%, resulting in a total return of 42.69%.<BR><BR>Overall, Mahanagar Gas has declared a significant dividend and demonstrated varying total returns across different periods, with particularly strong performance in the longer-term returns. The dividend yield indicates a modest return relative to the share price, suggesting a balanced approach to shareholder returns.