Oil Gas & Consumable Fuels · NIFTY 500
Mahanagar Gas Limited
₹1,155.90 -3.60 (-0.31%) Updated 12 Nov, 6:47 pm IST
Today
- Open
- ₹1,159.50
- Prev close
- ₹1,159.50
- Day high
- ₹1,164.40
- Day low
- ₹1,148.00
- Volume
- 1.57 L
- Value traded
- ₹18.13 Cr
- Upper circuit
- ₹1,391.40
- Lower circuit
- ₹927.60
- 52W high
- ₹1,284.00
- 52W low
- ₹900.00
- 1 month
- +8.21%
- 6 months
- +2.10%
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Revenue · QoQ (vs last quarter)
Revenue · YoY (vs a year ago)
Net profit · QoQ (vs last quarter)
Net profit · YoY (vs a year ago)
EPS (₹) · YoY (vs a year ago)
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,724 | 1,771 | 1,832 | 1,963 | 2,032 | 2,152 | 2,282 | 2,256 | 2,268 | 2,259 | 2,599 | 2,778 |
| Other income | 48.1 | 44.1 | 35.7 | 46.9 | 42.0 | 42.0 | 32.2 | 29.0 | 29.6 | 29.1 | 30.4 | 23.6 |
| Total income | 1,772 | 1,816 | 1,868 | 2,010 | 2,073 | 2,194 | 2,314 | 2,285 | 2,298 | 2,288 | 2,629 | 2,802 |
| Raw material | 923 | 978 | 1,005 | 1,126 | 1,269 | 1,281 | 1,312 | 1,426 | 1,418 | 1,482 | 1,734 | 1,915 |
| Purchases | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Employee cost | 29.1 | 30.7 | 32.1 | 44.0 | 35.5 | 35.3 | 37.1 | 48.9 | 47.6 | 43.1 | 46.4 | 60.4 |
| Other expenses | 323 | 367 | 358 | 380 | 403 | 441 | 433 | 444 | 451 | 474 | 476 | 501 |
| Total expenses | 1,346 | 1,470 | 1,482 | 1,638 | 1,801 | 1,854 | 1,882 | 2,028 | 2,026 | 2,110 | 2,371 | 2,598 |
| Operating profit | 449 | 395 | 437 | 413 | 325 | 394 | 501 | 338 | 352 | 260 | 343 | 288 |
| OPM % | 26.0% | 22.3% | 23.8% | 21.1% | 16.0% | 18.3% | 21.9% | 15.0% | 15.5% | 11.5% | 13.2% | 10.3% |
| Finance cost | 2.7 | 5.6 | 3.2 | 3.2 | 3.5 | 4.2 | 4.6 | 5.1 | 6.4 | 4.9 | 5.9 | 7.8 |
| Depreciation | 68.3 | 87.8 | 83.3 | 85.2 | 91.1 | 92.5 | 96.1 | 104 | 104 | 106 | 109 | 117 |
| Exceptional items | — | — | — | — | — | -0.9 | — | — | — | — | — | -17.3 |
| Profit before tax | 426 | 346 | 386 | 372 | 272 | 339 | 432 | 258 | 272 | 178 | 258 | 187 |
| Tax | 109 | 93.6 | 97.1 | 88.5 | 51.1 | 92.5 | 114 | 64.7 | 69.9 | 46.7 | 65.4 | 50.0 |
| Net profit | 317 | 252 | 289 | 284 | 221 | 247 | 318 | 191 | 201 | 130 | 193 | 135 |
| Profit to shareholders | 317 | 252 | 289 | 284 | 221 | 247 | 318 | 191 | 201 | 130 | 193 | 136 |
| EPS (₹) | 32.11 | 25.54 | 29.23 | 0.00 | 22.39 | 0.00 | 32.18 | 19.37 | 20.36 | 13.15 | 19.54 | 0.00 |
Profit & loss
Results for each year
3 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
Revenue · YoY (vs a year ago)
Net profit · YoY (vs a year ago)
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 6,914 | 7,979 | 9,065 |
| Other income | 175 | 167 | 120 |
| Total expenses | 5,368 | 6,775 | 8,046 |
| Employee cost | 119 | 147 | 177 |
| Operating profit | 1,844 | 1,569 | 1,451 |
| OPM % | 26.7% | 19.7% | 16.0% |
| Finance cost | 13.3 | 14.1 | 21.0 |
| Depreciation | 284 | 352 | 410 |
| Profit before tax | 1,722 | 1,370 | 1,140 |
| Tax | 445 | 329 | 294 |
| Tax rate % | 25.9% | 24.0% | 25.8% |
| Net profit | 1,276 | 1,040 | 841 |
| Profit to shareholders | 1,276 | 1,041 | 841 |
| Net margin % | 18.5% | 13.0% | 9.3% |
| EPS (₹) | 129.21 | 0.00 | 85.15 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Shareholders' equity · YoY (vs a year ago)
| ₹ Cr | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|
| Shareholders' equity | 5,130 | 5,880 | 6,428 | 6,579 |
| Long-term borrowings | 0.0 | 0.0 | 0.0 | 0.0 |
| Short-term borrowings | 0.0 | 0.0 | 0.0 | 0.0 |
| Current liabilities | 1,700 | 1,875 | 1,959 | 2,181 |
| Fixed assets (PPE) | 3,777 | 4,422 | 4,985 | 5,376 |
| Inventories | 42.1 | 52.3 | 62.6 | 71.4 |
| Trade receivables | 296 | 364 | 459 | 570 |
| Cash & equivalents | 129 | 152 | 57.2 | 42.3 |
| Current assets | 2,008 | 1,946 | 1,837 | 1,860 |
| Total assets | 7,381 | 8,270 | 8,981 | 9,536 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
Operations · YoY (vs a year ago)
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | 1,461 | 1,814 | 1,162 |
| Cash from investing | -358 | -1,462 | -888 |
| Cash from financing | -1,116 | -330 | -369 |
| Spent on fixed assets | -783 | -1,184 | -1,076 |
| Free cash flow | 678 | 631 | 86.7 |
| Net cash flow | -13.3 | 22.4 | -94.6 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Latest (30 Sep 2026)
- Promoter & group
- 32.50%
- Public (FIIs, mutual funds, retail…)
- 67.50%
- Promoter change, last quarter
- 0.00 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Dividend - Rs 18 Per Share
- Interim Dividend - Rs 12 Per Share
- Dividend - Rs 18 Per Share
- Interim Dividend - Rs 12 Per Share
- Annual General Meeting/Dividend - Rs 18 Per Share
- Interim Dividend - Rs 12 Per Share
- Annual General Meeting/Dividend - Rs 16 Per Share
- Interim Dividend - Rs 10 Per Share
Board meetings
- MAHANAGAR GAS LIMITED has informed the Exchange about Board Meeting to be held on 03-Nov-2026 to inter-alia consider and approve the Unaudited Financ…
- the financial results for the period ended September 30, 2026
- MAHANAGAR GAS LIMITED has informed the Exchange about Board Meeting to be held on 30-Jul-2026 to inter-alia consider and approve the Unaudited Financ…
- the financial results for the period ended Jun 30, 2026
- the Yearly Audited Financial results of the Company for the period ended March 2026 and Dividend.
Filings with NSE
- Analysts/Institutional Investor Meet/Con. Call Updates
- Analysts/Institutional Investor Meet/Con. Call Updates
- Analysts/Institutional Investor Meet/Con. Call Updates
- Analysts/Institutional Investor Meet/Con. Call Updates
- Analysts/Institutional Investor Meet/Con. Call Updates
- General Updates
- Outcome of Board Meeting
Latest news
MGL Share Price Today - Mahanagar Gas on NSE/BSEscanx.trade · 8 Nov, 2:52 pmMGL Outlook for the WeekEquitypandit · 8 Nov, 1:30 pmMahanagar Gas Q2 results: Net profit falls 29.5% QoQ to ₹136 crore, revenue advances 7%Upstox · 3 Nov, 6:33 pmStock to buy today: Mahanagar Gas (₹1,185.15) – BUYBusinessLine · 17 Jun, 12:30 pmHigher gas realisations help Mahanagar Gas beat Q1 estimates; Nomura keeps BuyMoneycontrol.com · 31 Jul, 12:30 pmMahanagar Gas Q2 Results: Profit Plunges 29%; Here's The One Cost That Wiped Out Revenue GainsNDTV Profit · 3 Nov, 3:34 pmMahanagar Gas Q2: Net profit falls 29% QoQ, EBITDA margin contracts to 12%CNBC TV18 · 3 Nov, 3:44 pmMahanagar Gas: Efficient business trading at a discountValue Research · 1 May, 12:30 pmAbout
About Mahanagar Gas Limited
Mahanagar Gas Limited is listed on the NSE under the symbol MGL and belongs to the Oil Gas & Consumable Fuels sector.
Company details
- Company name
- Mahanagar Gas Limited
- NSE symbol
- MGL
- BSE scrip code
- 539957
- ISIN
- INE002S01010
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 1 Jul 2016
- Face value
- ₹10 per share
- Market lot
- 1 share
- Shares issued
- 9.88 crore
- Index
- NIFTY 500
- Sector (NSE)
- Oil Gas & Consumable Fuels
- Industry
- Gas Distributors
- Managing director / CEO
- Praveer Kumar Srivastava
- Chair
- Deepak Gupta
- Headquarters
- Mumbai, India
- Registered address
- MGL House, Block No. G-33, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051
- Founded
- 1995
- Employees
- 3,070
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- mahanagargas.com
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.