What does Mahanagar Gas do?

Jun 06 2025 05:34 PM IST
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Mahanagar Gas Ltd. is a leading city gas distribution company in India, authorized to supply compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and surrounding areas. As of March 2025, it reported net sales of ₹1,964 Cr and a net profit of ₹247 Cr, with a market cap of ₹13,113 Cr.
Overview:
Mahanagar Gas Ltd. is one of the largest city gas distribution companies in India, operating in the gas industry within the mid-cap market segment.

History:
Mahanagar Gas Ltd. was incorporated in 1995 and is the sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane urban, and adjoining municipalities, as well as the Raigad district in Maharashtra. The latest quarterly results reported net sales and net profit for the period ending March 2025.

Financial Snapshot:
Most recent Net Sales: 1,964 Cr (Quarterly Results - Mar 2025)
Most recent Net Profit: 247 Cr (Quarterly Results - Mar 2025)
Market-cap value: Rs 13,113 Cr (Mid Cap)

Key Metrics:
P/E: 12.00
Industry P/E: 18
Dividend Yield: 0.92%
Debt-Equity: -0.20
Return on Equity: 17.70%
Price to Book: 2.20

Contact Details:
Address: MGL House Block No G-33, Bandra-Kurla Complex Bandra(E) Mumbai Maharashtra : 400051
Phone: 91-22-66952941
Email: mgl.ipo@mahanagargas.com
Website: www.mahanagargas.com
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