Mahanagar Gas

Why is Mahanagar Gas Ltd. falling/rising?

As of 11-Aug, Mahanagar Gas Ltd. is seeing a stock price increase to 1,134.05, driven by positive short-term performance and increased investor interest, despite a challenging long-term outlook with a -15.18% return over the past year. The company’s strong management efficiency and high institutional holdings suggest confidence among larger investors.

As of 11-Aug, Mahanagar Gas Ltd. is experiencing a rise in its stock price, currently at 1,134.05, with a change of 10.3 (0.92%) upward. This increase can be attributed to several factors. Firstly, the stock has shown a positive performance over the past week, gaining 2.11% while the benchmark Sensex has declined by 0.35%. Additionally, Mahanagar Gas is trading above its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trend.<BR><BR>Investor participation has also increased, with a notable rise in delivery volume by 20.86% against the 5-day average, suggesting growing interest among investors. Furthermore, the company maintains a high management efficiency, reflected in its return on equity (ROE) of 15.42%, and it is net-debt free, which are positive indicators for potential investors.<BR><BR>However, it is important to note that despite the recent rise, the stock has underperformed its sector by 1.02% today and has a negative return of -15.18% over the past year. This context suggests that while there are positive movements currently, the stock's long-term performance has been challenging, with profits falling by 33.4% over the same period. Nonetheless, the high institutional holdings at 55.75% indicate confidence from larger investors, which may contribute to the stock's current upward movement.

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

Which are the latest news on Mahanagar Gas?

Are Mahanagar Gas Ltd. latest results good or bad?

Mahanagar Gas Ltd.'s latest results show strong revenue growth of 13.91% to ₹2,372.72 crore, but a significant net profit decline of 39.44% to ₹193 crore and reduced margins indicate operational challenges, making the overall results more negative than positive.

Mahanagar Gas Ltd.'s latest results indicate a challenging quarter for the company. While the revenue for Q1 FY27 reached ₹2,372.72 crore, reflecting a year-on-year growth of 13.91%, the net profit fell significantly by 39.44% to ₹193 crore. This decline in profitability is concerning, especially given the backdrop of rising input costs and regulatory pressures that have led to severe margin compression.<BR><BR>The operating margin decreased from 24.04% in Q1 FY26 to 14.45% in Q1 FY27, a drop of 960 basis points, and the PAT margin also contracted to 8.12% from 15.29%. These figures highlight the company's struggle to maintain profitability despite achieving record revenue levels. The inability to pass on increased costs to customers in a competitive environment raises questions about the sustainability of its business model.<BR><BR>Overall, while Mahanagar Gas has shown strong revenue growth, the substantial decline in net profit and margins suggests that the results are more negative than positive, indicating operational challenges that need to be addressed.

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.

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.