Mahanagar Gas Limited
Mahanagar Gas Limited operates in LPG/CNG/PNG/LNG Supplier, part of the Oil Gas & Consumable Fuels sector. It booked ₹2,599 cr of revenue in its latest quarter (Q1 FY27) and kept 7.4% of sales as profit. It is the 5th largest of 7 LPG/CNG/PNG/LNG Supplier companies we track, by market value.
“Incorporated on May 8, 1995, Mahanagar Gas Limited (MGL) has evolved Our Vision into one of India’s foremost city gas distribution companies, playing a pivotal role in driving cleaner energy adoption across MMR and Raigad.”
Healthier than 74% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 611–2,858 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 44
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold
Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.
What if I invest in MGL?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹2,599 cr |
| Other Income | ₹30 cr |
| Total Income | ₹2,629 cr |
| Cost of Materials | ₹1,734 cr |
| Purchases of Stock-in-Trade | ₹0 cr |
| Inventory Change (±) | ₹-84 L |
| Employee Benefit Expense | ₹46 cr |
| Finance Costs | ₹6 cr |
| Depreciation & Amortisation | ₹109 cr |
| Other Expenses | ₹476 cr |
| Total Expenses | ₹2,371 cr |
| Profit before Tax | ₹258 cr |
| Tax Expense | ₹65 cr |
| Share of JV / Associates | ₹-31 L |
| Net Profit | ₹193 cr |
| Net margin on total income | 7.3% |
| Metric | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 2,268 cr | 2,259 cr | 2,599 cr |
| Total income | 2,298 cr | 2,288 cr | 2,629 cr |
| Expenses | 2,026 cr | 2,110 cr | 2,371 cr |
| Profit before tax | 272 cr | 178 cr | 258 cr |
| Tax | 70 cr | 47 cr | 65 cr |
| Net profit (owners' share) | 201 cr | 130 cr | 193 cr |
| Net margin (owners' share, on revenue) | 8.9% | 5.8% | 7.4% |
| EPS (₹) | 20.36 | 13.15 | 19.54 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Adani Total Gas Limited | ₹587 | ₹64,488 cr | 113.8 | 11.7% | 7.4% | — |
| Petronet LNG Limited | ₹283 | ₹42,518 cr | 9.3 | 20.4% | 20.5% | — |
| GUJARAT ENERGY LIMITED | ₹239 | ₹22,432 cr | 5.6 | 21.7% | 10.2% | — |
| Indraprastha Gas Limited | ₹149 | ₹20,814 cr | 21.6 | 8.3% | 4.7% | — |
| Mahanagar Gas Limitedthis company | ₹1,071 | ₹10,581 cr | 13.7 | 12.0% | 7.4% | — |
| Confidence Petroleum India Limited | ₹87 | ₹2,882 cr | 11.7 | 17.5% | 2.6% | — |
| IRM Energy Limited | ₹269 | ₹1,105 cr | 8.2 | 13.6% | 9.5% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹18 / share | 18 Aug 2026 |
| Dividend | ₹12 / share | 13 Feb 2026 |
| Dividend | ₹18 / share | 14 Aug 2025 |
| Dividend | ₹12 / share | 3 Feb 2025 |
| Dividend | ₹18 / share | 14 Aug 2024 |
| Dividend | ₹12 / share | 5 Feb 2024 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.