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Mahanagar Gas Ltd

Wed 30/04/2025,15:59:33 NSE: MGL

₹ 1346.10 19.20 (1.45%)
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Wed 30/04/2025,16:1:0

Mahanagar Gas Ltd

Wed 30/04/2025,15:59:33 | NSE : MGL

₹ 1346.1019.20 (1.45%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 1324.00

Previous Close

₹ 1326.90

Volume

764409

Mkt Cap ( Rs. Cr)

₹13296.48

High

₹ 1374.00

Low

₹ 1307.00

52 Week High

₹ 1988.00

52 Week Low

₹ 1075.25

Book Value Per Share

₹ 560.73

Dividend Yield

2.23

Face Value

₹ 10.00

What’s Your Call?

Collective community sentiment on Mahanagar Gas Ltd

Your Vote -

Buy

89.87%

Hold

1.78%

Sell

8.35%

89.87%

1066 users have voted

Market Depth

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Buy Order Quantity

0%

Sell Order Quantity

100%

Bid Price

Qty

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Bid Total

0

Bid Price

Qty

1346.10

159

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Bid Total

159

Option Chain

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News

Media spotlight triggers stock stock attention, sentiment.

  • Mahanagar Gas - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    30 Apr 2025, 5:57PM Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that, an earnings conference

  • Mahanagar Gas - Board Meeting Intimation

    29 Apr 2025, 5:17PM MAHANAGAR GAS LIMITED has informed the Exchange about Board Meeting to be held on 06-May-2025 to consider and approve the Yearly Audited Financial res

  • Mahanagar Gas - Board Meeting Intimation for Considering And Approving The Audited Standalone And Consolidated Financial Resu

    29 Apr 2025, 5:15PM Mahanagar Gas Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/05/2025 ,inter alia, to consider and ap

  • Mahanagar Gas has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    18 Apr 2025, 8:30PM As of March 2025, 32.50% is owned by Indian Promoters and 67.50% by Public. <p align=justify> Institutional holds 47.58% (Insurance Companies 10.29%)

  • Mahanagar Gas - Disclosure of material issue

    15 Apr 2025, 5:28PM Mahanagar Gas Limited has informed regarding Disclosure of material issue

  • Mahanagar Gas - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    8 Apr 2025, 5:36PM We submit herewith the certificate under Regulation 74(5) of SEBI (Depositories & Participants) Regulations, 2018.

  • Mahanagar Gas - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    8 Apr 2025, 5:35PM We submit herewith the certificate received from our Registrar and Share Transfer Agent, MUFG Intime India Private Limited (Formerly Link Intime India

  • Mahanagar Gas - Trading Window-XBRL

    25 Mar 2025, 6:31PM Mahanagar Gas Limited has informed the Exchange about Closure of Trading Window

  • Mahanagar Gas - Trading Window

    25 Mar 2025, 6:28PM Mahanagar Gas Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 20

  • Mahanagar Gas - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    20 Mar 2025, 4:44PM MAHANAGAR GAS LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

  • Mahanagar Gas - Change in Director(s)

    20 Mar 2025, 3:06PM Mahanagar Gas Limited has informed the Exchange regarding Change in Director(s) of the company.

  • Mahanagar Gas - Shareholders meeting

    20 Mar 2025, 2:44PM Mahanagar Gas Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot and Voting Result

  • Mahanagar Gas - Announcement under Regulation 30 (LODR)-Change in Directorate

    20 Mar 2025, 2:51PM Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform that the Shareholders of t

  • Mahanagar Gas - Shareholder Meeting / Postal Ballot-Scrutinizer\s Report

    20 Mar 2025, 2:27PM Pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we hereby submit the Voting Results and S

  • Mahanagar Gas - Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

    20 Mar 2025, 2:23PM This is furtherance to our intimation dated February 14, 2025 regarding submission of Postal Ballot Notice dated January 28, 2025, we wish to inform t

  • Mahanagar Gas - Analysts/Institutional Investor Meet/Con. Call Updates

    27 Feb 2025, 5:53PM Mahanagar Gas Limited has informed the Exchange about Schedule of meet

  • Mahanagar Gas - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    27 Feb 2025, 5:49PM Analysts/ Institutional Investors Meeting is scheduled to be held Monday, March 10, 2025

  • Mahanagar Gas - Notice Of Shareholders Meetings-XBRL

    15 Feb 2025, 7:25PM Mahanagar Gas Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot

  • Mahanagar Gas - Copy of Newspaper Publication

    15 Feb 2025, 6:29PM Mahanagar Gas Limited has informed the Exchange about Copy of Newspaper Publication of the Notice of Postal Ballot (including instructions for remote

  • Mahanagar Gas - Shareholders meeting

    14 Feb 2025, 9:05PM Mahanagar Gas Limited has informed the Exchange regarding Notice of Postal Ballot

  • Mahanagar Gas - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

    14 Feb 2025, 9:05PM Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we submit herewith the Notice of Postal Ballot f

  • Mahanagar Gas - Analysts/Institutional Investor Meet/Con. Call Updates

    13 Feb 2025, 12:31PM Mahanagar Gas Limited has informed the Exchange about Schedule of meet

  • Mahanagar Gas - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    13 Feb 2025, 12:36PM Analyst Institutional Investor Meeting is scheduled to be held on March 06, 2025

  • Mahanagar Gas - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    13 Feb 2025, 12:34PM Analyst Institutional Investor Meeting is scheduled to be held on February 25, 2025

  • Mahanagar Gas - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    13 Feb 2025, 12:32PM Analyst Institutional Investor Meeting is scheduled on February 19, 2025

  • Mahanagar Gas - Analysts/Institutional Investor Meet/Con. Call Updates

    4 Feb 2025, 4:59PM Mahanagar Gas Limited has informed the Exchange about Transcript

  • Mahanagar Gas - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    4 Feb 2025, 5:01PM Transcript of Q3 FY25 Earnings Conference Call for the quarter and nine months ended December 31, 2024

  • Mahanagar Gas - Acquisition-XBRL

    3 Feb 2025, 7:21PM Mahanagar Gas Limited has informed the Exchange regarding Acquisition

  • Mahanagar Gas - Announcement under Regulation 30 (LODR)-Acquisition

    3 Feb 2025, 7:03PM Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has completed investment in 43,71,0

  • Mahanagar Gas - Acquisition

    3 Feb 2025, 7:00PM Mahanagar Gas Limited has informed the Exchange about investment in 43,71,065 no. of equity shares of International Battery Company India Private Limi

  • IGL/MGL

    18 Nov 2024 , 10:34AM Further reduction in gas allocation communicated by GAIL effective November 16. Revised gas allocation is 20% lesser than the previous allocation. Reduction in gas allocation will have an impact on profitability.

  • IGL/MGL/ Gujarat Gas

    10 Jul 2024 , 10:30AM The government is considering a reduction in the central excise duty on CNG from the current 14.4% to a range of 5-7%, which is expected to decrease CNG prices by Rs 5-6 per kg. CNG volumes represent 70-73% of the total volumes for MGL and IGL, and about 30% of Gujarat Gas's total volumes. Positive

  • Mahanagar Gas

    9 Jul 2024 , 10:24AM The company announced a hike in prices for CNG and domestic piped natural gas (PNG) in and around Mumbai starting July 9 to offset the rising input cost. The company will increase the price of delivered CNG by Rs 1.5 per KG, while domestic PNG will see a hike of Rs 1/SCM. The revised delivered price, inclusive of taxes, for CNG will be Rs 75.00/Kg and domestic PNG price will be Rs 48/SCM. Positive

  • Mahanagar Gas

    6 Mar 2024 , 12:22PM The company has reduced the price of compressed natural gas (CNG) by Rs 2.5/Kg to Rs 73.50/Kg in and around Mumbai effective from midnight of 5th March 2024, due to reduction in gas input cost.

  • Mahanagar Gas

    2 Feb 2024 , 12:41PM The company has completed acquisition of a 100% stake in Unison Enviro Pvt Ltd (UEPL) at a consideration of Rs562 crore. Accordingly, UEPL has become a wholly owned subsidiary of MGL with effect from 1st February 2024. This is on expected lines and the acquisition of UEPL would allay volume growth concerns for MGL.

  • Stock Update – MGL Q2FY24 result review

    1 Nov 2023 , 11:56AM Stock Update – MGL Q2FY24 result review: In-line Q2; valuation attractive

  • Mahanagar Gas

    18 Oct 2023 , 10:51AM The company has entered into a joint venture agreement (JVC) with Baidyanath LNG to incorporate a private limited company in India for undertaking the business of liquefied natural gas (LNG). MGL and Baidyanath LNG will subscribe to the initial share capital of JVC in the ratio of 51:49. Long term Positive for MGL as it would support volume growth.

  • Stock update – Mahanagar Gas

    30 Jun 2023 , 10:47AM Stock update – Mahanagar Gas: Best bet among CGDs

  • Stock update – Mahanagar Gas

    8 Mar 2023 , 12:20PM Stock update – Mahanagar Gas: UEPL acquisition a strategic fit and allay growth concerns.

  • Mahanagar Gas

    6 Mar 2023 , 1:14PM Mahanagar Gas (MGL) – Buy

  • Mahanagar Gas

    20 Dec 2022 , 3:06PM MGL appoints Ashu Shinghal as Managing Director (MD) for 5 years w.e.f December 24. Mr. Shinghal has rich experience of more than 31 years in hydrocarbon sector covering diverse functional areas which includes Corporate Strategy, large scale Project Execution including cross country Gas Pipelines, Petrochemical and LNG. Presently he works in close association with top management in strategic decision making of GAIL. Mr. Shinghal is a Mechanical Engineering graduate from NIT, Silchar and also holds a MBA with specialization in Operation Management.

  • Mahanagar Gas

    4 Oct 2022 , 10:59AM The company has hiked CNG and domestic PNG price by Rs6/kg and Rs4/scm respectively to Rs86/kg and Rs52.5/scm. This would help to partially offset the recent 40% increase in domestic gas price, and we expect more CNG/PNG price hikes by MGL. Positive read through for the stock.

  • Stock update – Mahanagar Gas

    29 Aug 2022 , 10:47AM Stock update – Mahanagar Gas: Supportive policy framework; attractively valued

  • Mahanagar Gas

    17 Aug 2022 , 10:23AM The company has cut CNG price by Rs6/kg to Rs80/kg and domestic PNG price Rs4/scm to Rs48.50/scm in Mumbai. We highlight here that price cut reflects pass through of lower gas cost given higher allocation of domestic gas to CGD sector. The lower CNG price would widen discount with petrol and is positive in terms of volume growth. We expect IGL to also cut CNG/D-PNG price. We have Buy rating on MGL and IGL.

  • Mahanagar Gas

    8 Aug 2022 , 9:57AM Mahanagar Gas reported strong Q1FY23 results with 13%/16% beat in operating profit/PAT at Rs286 crore/Rs185 crore, up 32.5%/40.5% q-o-q led by stronger-than-expected volume growth of 9% q-o-q to 3.4 mmscmd and beat in EBITDA margin at Rs9.1/scm (up 20.5% q-o-q). CNG/I&C volume was up strongly by 12%/5% q-o-q to 2.5 mmscmd/0.4 mmscmd.

  • Mahanagar Gas

    13 Jul 2022 , 10:31AM Mahanagar Gas Limited: The company has increased the retail price of CNG by Rs 4/kg to Rs 80/kg and that of domestic PNG by Rs 3/scm to Rs 48.5/scm in and around Mumbai. The price hike reflects pass through of recent surge in spot LNG price and depreciation of Indian rupee. Price would help to protect margin and is positive for MGL.

  • Mahanagar Gas

    2 May 2022 , 9:49AM Mahanagar Gas (MGL): The company has hiked CNG price by Rs4/kg to pass on higher gas cost to the end customers. MGL has total CNG price hike of Rs15/kg since April 2022 and the would cushion its margin from high gas cost. Having said that, we believe that margin overhand would continue for CGDs given expectation of further steep hike in domestic gas price for H2FY23.

  • Mahanagar Gas

    6 Apr 2022 , 12:33PM Mahanagar Gas (MGL): The company hiked CNG and domestic PNG price by Rs7/kg and Rs5/scm to Rs67/kg and Rs41/scm respectively post the recent steep hike in the domestic gas price. The price hike will cushion margin amid elevated gas cost but expectation of further hike in domestic gas price from October 2022 and lower allocation of APM gas for CNG/domestic PNG would continue to remain an overhang on the margins of city gas distribution companies.

  • Mahanagar Gas

    1 Apr 2022 , 10:53AM The company has cut CNG price by Rs6/kg to Rs60/kg and domestic-PNG price by Rs3.5/scm to Rs36/scm with effect from April 1, 2022. The price is to reflect reduction in VAT to 3% from 13.5% earlier. The cut reflects changes in tax rates of natural gas and we believe that MGL would implement CNG/domestic-PNG price hikes in the coming days to pass on the recent steep hike of 110% in the APM gas price to $6.1/mmbtu.

  • City Gas company hogs limelight

    15 Mar 2022 , 2:31PM Russia's Yamal-Europe gas pipeline suspends flows

  • Mahanagar Gas

    14 Mar 2022 , 9:59AM Mahanagar Gas Limited (MGL): As per media reports, Maharashtra government has proposed to cut VAT on CNG to 3% from 13.5% currently. This would be positive for MGL as it further improves competitiveness of CNG versus petrol and help MGL to cushion its margin through price hike to pass on likely steep hike in the domestic gas price from April 2022.

  • Stock update – MGL Q3FY22 result review

    11 Feb 2022 , 10:40AM Stock update – MGL Q3FY22 result review: High LNG prices dent margins; earnings off mark

  • MGL Q3FY2022 results

    9 Feb 2022 , 2:14PM MGL Q3FY2022 results – Earnings impacted by one-off related to trade discount to OMCs

  • Mahanagar Gas

    10 Jan 2022 , 10:55AM The company has hiked CNG and domestic PNG price by Rs2.5/kg and Rs1.5/scm respectively to Rs66/kg and Rs39.5/scm with effect from January 09, 2022. The price hike is positive for MGL and believe that CGDs would continue to price increases to sustain EBITDA margin given expectation of steep hike in domestic gas price from April 2022 and recent increase in share of high-priced spot LNG price in overall gas sourcing mix. We have Buy rating on MGL.

  • Mahanagar Gas

    6 Jan 2022 , 12:08PM Life Insurance Corporation of India (LIC) has acquired over 2% stake in Mahanagar Gas, raising the total shareholding from 5% to 7.01%. This was done through open market transaction and is positive for Mahanagar Gas.

  • Mahanagar Gas

    20 Dec 2021 , 9:48AM Mahanagar Gas Limited (MGL) has raised CNG prices by Rs2/Kg (up by 22%) and PNG prices by Rs1.50/scm (up 25% in the last 2 months). This would help in improving the margins of the company although shortfall in APM gas allocation for CNG/D-PNG and high spot LNG price would keep margin under pressure in Q3FY22. Positive for MGL.

  • Mahanagar Gas

    29 Nov 2021 , 10:53AM The company has increased CNG price by Rs3.96/kg and domestic PNG price by Rs2.57/scm. We have been highlighting that CGDs would take gradual price to pass on any potential increase in the domestic gas price from April 2022. CNG/domestic PNG price hike is positive for MGL as price hikes would help sustain EBITDA margin.

  • First Cut: MGL Q2FY2022 results

    27 Oct 2021 , 1:34PM Sharp miss in PAT due to weak margin performance offsetting strong volume recovery

  • Mahanagar Gas

    14 Oct 2021 , 10:32AM The company has increased CNG price by Rs2.97/kg to Rs57.54/kg and domestic PNG price by Rs1.26/scm to Rs33.93/scm in Mumbai with effect from October 13, 2021. Price hike is positive for MGL as it would help sustain EBITDA margin. We have Buy rating on MGL.

  • Mahanagar Gas – Stock update

    30 Jul 2021 , 11:45AM Mahanagar Gas – Stock update (Q1FY22 results): Record margins brighten Q1; volume on recovery on track

  • MGL Q1FY2022 results

    29 Jul 2021 , 10:40AM Strong numbers with 16% beat in operating profit/PAT at Rs304 crore/Rs204 crore; robust EBITDA margin of Rs13.9/scm (up 14.7% q-o-q)

  • Mahanagar Gas

    14 Jul 2021 , 9:15AM The company has increased price of CNG and Domestic PNG by Rs2.6/kg and Rs0.6/scm respectively to Rs51.98/kg and Rs30.4/scm with effect from July 14, 2021. We believe that price hike is on the account of recent depreciation of Indian Rupee. Price hike is positive for MGL as it would help it sustain high gross margins. We have Buy rating on MGL.

  • Mahanagar Gas – Stock update (Q4FY21 results)

    26 May 2021 , 10:51AM Mahanagar Gas – Stock update (Q4FY21 results): Q4 slightly off mark; long-term growth outlook stays bright

  • MGL Q4FY2021 results

    25 May 2021 , 9:12AM Operating profit at Rs316 crore was 4.8% below/in-line with our/street estimates; EBITDA margin of Rs12.1/scm and volume growth of 3.8% y-o-y was below our estimate

  • Mahanagar Gas Limited – Improving earnings outlook, cheapest CGD stock

    15 Mar 2021 , 10:17AM Mahanagar Gas Limited – Improving earnings outlook, cheapest CGD stock

  • Mahanagar Gas – Stock update (Q3FY21 results):

    11 Feb 2021 , 12:21PM Mahanagar Gas – Stock update (Q3FY21 results): Consistent margin outperformance; earnings outlook improving

  • MGL Q3FY2021 results

    10 Feb 2021 , 11:11AM MGL Q3FY2021 results: Operating profit/PAT beats street estimates by 12%/10% led by higher margin at Rs12.3/scm (up 35% y-o-y) and volume at 2.8mmscmd (up 32% q-o-q)

  • Mahanagar Gas Ltd

    9 Feb 2021 , 12:22PM Mahangar Gas Limited (MGL): The company has increased CNG Price By 1.5/kg to 49.4/kg and PNG price by Rs95/scm to 29.85/scm. The price to cover increase in operational fixed cost due to COVID-19. Price hike should be revived positively as it reflects pricing power and would help sustain high margins. We have Buy rating on MGL.

  • Mahanagar Gas – Stock update

    6 Jan 2021 , 11:46AM Mahanagar Gas – Stock update: Robust earnings outlook, cheapest CGD stock

  • Private CNG pump owners threaten strike

    29 Dec 2020 , 3:32PM Mahanagar Gas Limited to not be impacted much

  • MGL – Stock update

    18 Nov 2020 , 10:08AM MGL – Stock update (Q2FY21 results): Volume recovery on track; Best-ever margin

  • Mahanagar Gas

    26 Oct 2020 , 11:57AM Life Insurance Corporation of India (LIC) has marginally increased stake in MGL to 5% from 4.95% through open market purchase.

  • Mahanagar Gas

    19 Oct 2020 , 10:54AM Mahanagar Gas: As per media reports, there were reports of gas leakage in certain parts of Mumbai but MGL has clarified that there is no breach across its pipelines in Mumbai.

  • Mahanagar Gas

    6 Oct 2020 , 1:42PM The company has reduced CNG prices by Rs1.05/kg and domestic PNG price by Rs0.7/scm in Mumbai post the recent cut in domestic gas price. The lower than expected pass through of gas price cut and improved competitiveness of CNG versus petrol and bodes well for margin and volume growth of IGL. We have Positive view on MGL.

  • Mahanagar Gas

    11 Aug 2020 , 10:44AM Mahanagar Gas Limited - Stock update: Cheapest CGD stock; earnings to bounce back on volume recovery

  • Mahanagar Gas Ltd

    7 Aug 2020 , 3:29PM MGL Q1FY2021 results: Weak results; PAT substantially below estimates due to sharp miss in volume and EBITDA margin

  • Mahanagar Gas

    27 Jul 2020 , 9:40AM The company has increased CNG price by Rs1/kg to Rs48.95/kg with effect from July 24, 2020 so as to recover fixed cost given sharp decline in volume amid COVID-19 and rise in gas cost due to depreciation of Indian rupee against US dollar. The move would help MGL to sustain its EBITDA margins of Rs9.5-10/scm. We have Buy rating on MGL.

  • Mahanagar Gas Ltd

    13 Jul 2020 , 4:30PM The company has highlighted that profitability of the company would get impacted due to lower sales volume due to COVID-19 pandemic. The company has indicated that current volumes are at 50% of pre-COVID-19 level, which is better than 40-42% level seen in May 2020. MGL is debt free and has treasury surplus and earnings on treasury surplus could be lower due to conditions in financial markets. With relaxation of lockdown norms, we expect MGL’s gas sales volume to gradually normalise in H2FY2021 while low gas price would support margin. We have Buy rating on MGL.

  • Mahanagar Gas

    6 Jul 2020 , 10:53AM New Idea: Mahanagar Gas Limited - Initiating Coverage: Gaining the Green Edge

  • Mahanagar Gas

    12 Jun 2020 , 9:44AM Mahanagar Gas - Viewpoint: Mixed results; low gas prices to keep margins firm

  • Mahanagar Gas

    11 Jun 2020 , 10:53AM MGL Q4FY2020 results: Mixed results as miss in volume (down 7.4% y-o-y) gets offset by higher EBITDA margin (up 22% y-o-y); Operating profit/PAT in-line with estimates

  • Mahanagar Gas Ltd

    7 Apr 2020 , 12:36PM The company has reduced its CNG price by Rs2/Kg to Rs47.95/Kg and Domestic PNG by Rs1/SCM to Rs29.6/SCM in and around Mumbai effective from midnight of April 04, 2020. The price cuts reflects latest cut in domestic gas price by 26% to $2.4/mmbtu forH1FY2021. After the above revision, MGL's CNG offers attractive savings of about 55% and 28% as compared to petrol and diesel respectively at current price levels in Mumbai. We have already highlighted in our earlier FNA that the lower gas cost and improved competitiveness of CNG vs petrol and bodes well for margin expansion of city gas distribution companies like MGL and IGL.

  • Mahanagar Gas

    27 Feb 2020 , 12:33PM Board of directors of MGL has declared an interim dividend of Rs9.5/share and has fixed March 09, 2020 as the record date for eligibility of shareholders for dividend – sentimentally positive for MGL.

  • Mahanagar Gas

    11 Feb 2020 , 3:23PM Mahanagar Gas Limited – Viewpoint Q3FY2020 results: Low domestic gas price to drive up margins

  • Mahanagar Gas

    10 Feb 2020 , 10:17AM MGL Q3FY2020 results: In-line PAT as slight miss in EBITDA margin at Rs9.2/scm (down 7% q-o-q) gets offset by higher other income

  • Mahanagar gas

    10 Dec 2019 , 10:56AM As per media reports, private CNG dealers of MGL may go to strike to protest for reduction in CNG dealer margin (to Rs2.5/kg from Rs4.1/kg earlier). A close to 34 CNG private dealers could shut down in the protest which could impact CNG volumes of MGL (accounts for 73% of total volumes of ~3mmscmd) – negative read through for MGL, if matter escalates.

  • Mahanagar Gas: Viewpoint - Margins remain robust

    14 Nov 2019 , 11:41AM Mahanagar Gas: Viewpoint - Margins remain robust

  • Mahanagar Gas

    13 Nov 2019 , 11:35AM MGL Q2FY2020 results: Miss in operating profit due to lower-than-expected gas sales volume and per unit margins; PAT beats estimated on lower tax rate

  • BG Asia Pacific Holdings plans to sell its remaining 10% stake in Mahanagar Gas

    20 Aug 2019 , 11:40AM ALERT: Mahanagar Gas: BG Asia Pacific Holdings plans to sell its remaining 10% stake in Mahanagar Gas in a block deal, which is likely to be at 6.8% discount to last closing price of Rs787. The stake sale would remove major overhang on Mahanagar Gas, it would be a good opportunity to enter into the stock for long term investment. The floor price is at Rs733, however the discovered price will be higher. The stock is trading at and attractive valuations of 12.3x FY21E EPS (28% discount to average historical one-year forward PE multiple of 17.1x) and has decent earnings growth outlook and strong RoE. We have a positive stance on the stock.

  • MGL jumps as British Gas sells entire stake

    20 Aug 2019 , 11:11AM MGL surges over 11% to Rs. 878.35, after promoter BG Asia Pacific sells entire stake

  • Tata Power, Mahanagar Gas ink pact to offer various services

    14 May 2019 , 11:38AM Mahanagar Gas Limited (MGL): Tata Power and MGL enters into MoU to explore possibilities of co-operation in Common Utility Revenue Cycle Management and Customer Management Solutions, IT Solutions, Data Analytics, Geographical Information System (GIS) based solutions SCADA systems; Common safeguard activities for underground assets, solar rooftop initiatives and setting up of commercial-scale charging and/or battery swapping stations for electric vehicles, with the allied power management solutions – neutral read through for MGL.

  • MGL net profit rises by 19.6% y-o-y to Rs. 148 crore

    30 Jan 2019 , 10:22AM MGL Q3FY2019 results: Marginally higher-than-expected operating profit led by beat in EBITDA margin; robust volume growth of 8.1% y-o-y

  • Mahanagar Gas Q2 net profit surges by 9.2% y-o-y to Rs. 136 crore

    14 Nov 2018 , 10:15AM Mahanagar Gas Q2 net profit rises by 9.2% y-o-y to Rs. 136 crore for the quarter ended September 30, 2018

  • Mahanagar Gas Limited: Viewpoint - Maintain Positive view

    3 Oct 2018 , 11:20AM We maintain positive view on attractive valuations

  • MGL hikes fuel prices

    3 Oct 2018 , 11:14AM MGL has hiked CNG and PNG price by Rs. 2.86/kg and Rs. 1.89/scm respectively to Rs. 49.61/kg and Rs. 29.4/scm with effect from October1, 2018 so as to pass on higher gas cost post recent increase in the domestic gas price by 10% to $3.36/mmBtu - positive read through for MGL as the price hike would help it to maintain its gross margins.

  • Petroleum and Natural Gas Regulatory Board to offer gas distribution network

    13 Mar 2018 , 11:27AM Long term positive for Indraprastha Gas, Mahanagar Gas and Gujarat Gas.

  • MGL starts PNG supply in Dombivili

    18 Sep 2017 , 10:36AM MGL starts Piped Natural Gas (PNG) supply in Dombivili (East) area of Maharashtra with the residential societies in Milap Nagar

  • CNG and PNG prices in Mumbai to rise

    3 Aug 2017 , 9:40AM Mahanagar Gas Limited: Increases CNG and PNG prices in Mumbai; positive read through.
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Key fundamentals

Evaluate the intrinsic value of Mahanagar Gas Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 5142.87 4134.22 3597.323 3232.3712 2952.6678
Liabilities 5142.87 4134.22 3597.323 3232.3712 2952.6678
Equity 98.78 98.78 98.7778 98.7778 98.7778
Gross Profit 1842.63 1184.19 924.3218 933.9603 1052.835
Net Profit 1289.07 790.05 596.9472 619.5775 793.5098
Cash From Operating Activities 1563.1 969.3 903.6847 805.5262 982.6226
NPM(%) 20.64 12.54 16.76 28.78 26.69
Revenue 6244.53 6299.28 3560.1844 2152.5371 2972.1281
Expenses 4401.9 5115.09 2635.8626 1218.5768 1919.2931
ROE(%) 23.27 14.26 10.77 11.18 14.32

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
03 Feb 2025 12 120 2.23 1277.55
14 Aug 2024 18 180 2.23 1329.75
05 Feb 2024 12 120 2.23 1312.35
14 Feb 2023 10 100 2.23 851.85
11 Aug 2022 15.5 155 2.23 747.2
17 Feb 2022 9.5 95 2.23 828.85
17 Sep 2021 14 140 2.23 1141.5
18 Feb 2021 9 90 2.23 1140.05
16 Sep 2020 15 150 2.23 1074.2
16 Sep 2020 10.5 105 2.23 1036.3
06 Mar 2020 9.5 95 2.23 1075.35
29 Aug 2019 10.5 105 2.23 938.45
07 Feb 2019 9.5 95 2.23 899.75
07 Sep 2018 11 110 2.23 841.8
20 Feb 2018 8 80 2.23 1057.9
14 Sep 2017 11 110 2.23 985.85
17 Feb 2017 8 80 2.23 872.35
15 Sep 2016 17.5 175 2.23 591.55

Peers

Other companies within the same industry or sector that are comparable to Mahanagar Gas Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Alphageo (India) Ltd 247.70 -2.27 96.38 857.83 5.95 3.23
Indraprastha Gas Ltd 192.59 4.08 15.70 94143.00 613.49 3.63
Dolphin Offshore Enterprises (India) Ltd 405.90 2.00 34.93 5380.27 1161.85 0.00
GAIL (India) Ltd 189.09 -0.27 10.00 884285.20 150.56 2.91

Company Info

The Company was incorporated on May 8, 1995 as a public limited company, pursuant to a joint venture agreement entered into between GAIL and British Gas plc on December 6, 1994, for the purposes of undertaking the business of city distribution and marketing of natural gas in in Mumbai, its Adjoining Areas and the Raigad district in the state of Maharashtra, India or at such other places as may be decided by the Company from time to time. the Company received a certificate of commencement of business on July 4, 1995. Major events in the history : 1997-1998 -The first natural gas supply and transportation contract was signed with GAIL 2008-2009 -Completed laying 2,000 km of PE pipeline in GA 1 2010-2011 -Completed laying 200 km of steel pipeline in GA 1 and achieved a customer base of 0.5 million domestic customers 2011-2012 -Commissioned 150th CNG dispensing station 2012-2013 -Completed laying more than 350 km of PE pipeline and 350 km of steel pipelines 2013-2014 -Achieved a customer base of 1.0 million customers Awards, achievements and certifications : 2002 -Inside Outside Mega Show 2002 -ISO 9001:2008 2003 -BG Chairman's Award -ISO 14001:2004 2004 -BG Chairman's Award -Corcon 2004 Conference on corrosion -Greentech Safety Gold Award -Greentech Environment Gold Award 2005 -Golden Peacock Environment Management Award -BG Chief executive innovation awards 2007 -BG Chairman's Award 2008 -9th Annual Greentech Environment excellence award 2009 -CII Safety Health and environment award -OHSAS 18001:2007 2010 -NGV India 2011 -BG Chairman's Award 2012 -National Safety Council - Maharashtra Safety Awards 2013 -14th Annual Greentech Environment Award -12th Annual Greentech Safety Award -International Certification Services Quality champion recognition -Certificate of Compliance to PNGRB notification GSR 39(E) 2014 -4th Annual Greentech CSR Award 2015 -Second Pandit Madan Mohan Malaviya Award (Silver Award) -5th Annual Greentech CSR Award -Rashtra Vibhushan Award -Golden Peacock Award for Corporate Social Responsibility 2017 - Mahanagar Gas Limited has launched CNG-fueled two-wheeler, whose cost of running comes to 60 paise a kilometre and will also help in cutting emission level. -"Launch of CNG fueled Two Wheeler in Mumbai". 2018 -Social Change Award 2018 by Government of India. 2021 -Mahanagar Gas Limited launches 'MGL Hat-trick Yojana' for CNG Commercial Vehicles. -Mahanagar Gas Limited introduces India's first Mobile CNG Refulling Unit. 2022 -MGL won the prestigious GREENTECH Award for outstanding achievements in "Environment Protection" at 22nd Annual Greentech Environment Award 2022. -MGL won the esteemed APEX India GOLD Award 2022 for Best Fire & Safety Measures under Public Utility Service Organization Sector. 2023 -Mahanagar Gas Limited commences PNG supply at Raj Bhavan. -Mahanagar Gas Limited signs Agreement to acquire Unison Enviro Private Limited. -Mahanagar Gas Limited Signs MoU with Baidyanath LNG to scale up LNG Network. -Mahanagar Gas Limited organised free Eye check-up Camp for Auto rickshaw drivers under MGL Aarogya initiative. 2024 -MGL announces incorporation of Mahanagar LNG Private Limited. -Mahanagar Gas Limited Brings Khushiyan Lakhon Ki to new PNG Users. -Mahanagar Gas Limited Completes its First Acquisition 100% Equity in Unison Enviro Transferred to MGL. -Mahanagar Gas Limited launches new edition of MGL CNG Mahotsav.

The Company was incorporated on May 8, 1995 as a public limited company, pursuant to a joint venture agreement entered into between GAIL and British Gas plc on December 6, 1994, for the purposes of undertaking the business of city distribution and marketing of natural gas in in Mumbai, its Adjoining Areas and the Raigad district in the state of Maharashtra, India or at such other places as may be decided by the Company from time to time. the Company received a certificate of commencement of business on July 4, 1995. Major events in the history : 1997-1998 -The first natural gas supply and transportation contract was signed with GAIL 2008-2009 -Completed laying 2,000 km of PE pipeline in GA 1 2010-2011 -Completed laying 200 km of steel pipeline in GA 1 and achieved a customer base of 0.5 million domestic customers 2011-2012 -Commissioned 150th CNG dispensing station 2012-2013 -Completed laying more than 350 km of PE pipeline and 350 km of steel pipelines 2013-2014 -Achieved a customer base of 1.0 million customers Awards, achievements and certifications : 2002 -Inside Outside Mega Show 2002 -ISO 9001:2008 2003 -BG Chairman's Award -ISO 14001:2004 2004 -BG Chairman's Award -Corcon 2004 Conference on corrosion -Greentech Safety Gold Award -Greentech Environment Gold Award 2005 -Golden Peacock Environment Management Award -BG Chief executive innovation awards 2007 -BG Chairman's Award 2008 -9th Annual Greentech Environment excellence award 2009 -CII Safety Health and environment award -OHSAS 18001:2007 2010 -NGV India 2011 -BG Chairman's Award 2012 -National Safety Council - Maharashtra Safety Awards 2013 -14th Annual Greentech Environment Award -12th Annual Greentech Safety Award -International Certification Services Quality champion recognition -Certificate of Compliance to PNGRB notification GSR 39(E) 2014 -4th Annual Greentech CSR Award 2015 -Second Pandit Madan Mohan Malaviya Award (Silver Award) -5th Annual Greentech CSR Award -Rashtra Vibhushan Award -Golden Peacock Award for Corporate Social Responsibility 2017 - Mahanagar Gas Limited has launched CNG-fueled two-wheeler, whose cost of running comes to 60 paise a kilometre and will also help in cutting emission level. -"Launch of CNG fueled Two Wheeler in Mumbai". 2018 -Social Change Award 2018 by Government of India. 2021 -Mahanagar Gas Limited launches 'MGL Hat-trick Yojana' for CNG Commercial Vehicles. -Mahanagar Gas Limited introduces India's first Mobile CNG Refulling Unit. 2022 -MGL won the prestigious GREENTECH Award for outstanding achievements in "Environment Protection" at 22nd Annual Greentech Environment Award 2022. -MGL won the esteemed APEX India GOLD Award 2022 for Best Fire & Safety Measures under Public Utility Service Organization Sector. 2023 -Mahanagar Gas Limited commences PNG supply at Raj Bhavan. -Mahanagar Gas Limited signs Agreement to acquire Unison Enviro Private Limited. -Mahanagar Gas Limited Signs MoU with Baidyanath LNG to scale up LNG Network. -Mahanagar Gas Limited organised free Eye check-up Camp for Auto rickshaw drivers under MGL Aarogya initiative. 2024 -MGL announces incorporation of Mahanagar LNG Private Limited. -Mahanagar Gas Limited Brings Khushiyan Lakhon Ki to new PNG Users. -Mahanagar Gas Limited Completes its First Acquisition 100% Equity in Unison Enviro Transferred to MGL. -Mahanagar Gas Limited launches new edition of MGL CNG Mahotsav.

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Parent Organisation

Mahanagar Gas Ltd.

Founded

08/05/1995

Managing Director

Mr.Ashu Shinghal

NSE Symbol

MGLEQ

FAQ

The current price of Mahanagar Gas Ltd is ₹ 1346.10.

The 52-week high for Mahanagar Gas Ltd is ₹ 1374.00 and the 52-week low is ₹ 1307.00.

The market capitalization of Mahanagar Gas Ltd is currently ₹ 13296.48. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Mahanagar Gas Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Mahanagar Gas Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Mahanagar Gas Ltd shares.

The CEO of Mahanagar Gas Ltd is Mr.Ashu Shinghal, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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