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Mahanagar Gas Ltd.

Gas TransmissionGas Transmission/Marketing

www.mahanagargas.com BSE: 539957NSE: MGL

₹1,079.95BSE1.35%

16 Sep, 4:01 PM

₹1,079.95

₹10.67K Cr

14.91

1.61

13.66%

₹1,083.90

₹1,047.00

₹1,377.05

₹902.00

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Price Performance

Peer Comparison

Name
GAIL (I) LTD GAIL	171.05	11.38	1,12,467.08	3.22	4,670.99	96.08%	41,350.18	16.71%	10.17
ATGL ATGL	586.35	102.00	64,487.36	0.04	141.72	-14.23%	1,906.79	27.26%	16.96
GUJENERGY GUJENERGY	244.90	12.07	22,977.27	3.65	1,007.40	84.19%	9,771.38	61.62%	11.32
INDRA GAS IGL	148.65	15.29	20,811.02	3.20	237.92	-44.39%	5,043.44	16.56%	18.23
Mahanagar Gas Ltd. MGL	1,079.95	14.91	10,666.02	2.78	192.64	-39.53%	2,598.90	13.88%	18.78
CFEL CFEL	46.47	15.96	116.27	0.54	1.17	409.57%	35.84	-12.54%	8.59

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,832.15	1,962.87	2,031.51	2,152.44	2,282.07	2,256.36	2,267.93	2,258.90	2,598.90
Expenses	1,395.40	1,549.45	1,706.72	1,757.43	1,781.39	1,918.50	1,915.85	1,998.93	2,256.12
	436.75	413.42	324.79	395.01	500.68	337.86	352.08	259.97	342.78
	23.84%	21.06%	15.99%	18.35%	21.94%	14.97%	15.52%	11.51%	13.19%
	35.65	46.93	41.98	42.02	32.15	29.02	29.60	29.10	30.43
Interest	3.20	3.20	3.49	4.17	4.57	5.12	6.40	4.87	5.93
	83.29	84.26	90.17	95.24	96.09	103.98	103.55	106.26	108.96
	385.91	372.89	273.11	336.76	431.39	255.91	270.96	176.33	258.01
	25.17%	23.09%	18.41%	28.32%	26.15%	25.27%	25.78%	26.49%	25.34%
	288.78	286.79	222.91	241.41	318.68	191.37	201.15	129.96	193.00
	29.23	29.03	22.57	24.44	32.26	19.37	20.36	13.16	19.54

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00
INCOME :
	6,921.12	6,914.51	7,979.12	9,065.39
Less: Excise Duty	621.68	624.25	715.17	819.56
	6,299.28	6,290.10	7,263.80	8,245.70
EXPENDITURE :
Increase/Decrease in Stock	-0.79	0.17	-0.62	-1.10
Raw Material Consumed	4,435.64	3,645.43	4,680.30	5,637.15
Power & Fuel Cost	148.18	157.52	198.81	216.36
Employee Cost	107.89	119.41	146.81	176.65
Other Manufacturing Expenses	119.50	145.66	180.46	204.31
General and Administration Expenses	32.16	33.69	44.09	58.64
Miscellaneous Expenses	272.59	344.32	447.11	503.10
	5,115.17	4,446.20	5,696.96	6,795.11
Operating Profit (Excl OI)	1,184.11	1,843.90	1,566.84	1,450.59
	111.96	174.87	169.72	119.87
	1,296.07	2,018.77	1,736.56	1,570.46
Interest	9.39	13.30	14.06	20.96
PBDT	1,286.68	2,005.47	1,722.50	1,549.50
	231.14	277.36	352.05	409.88
Profit Before Taxation & Exceptional Items	1,055.54	1,728.11	1,370.45	1,139.62
	1,055.54	1,728.11	1,369.59	1,134.59
Provision for Tax	265.49	443.42	329.44	294.04
	790.05	1,284.69	1,040.15	840.55
Extra items			0.00	0.00
Minority Interest			0.12	0.61
Consolidated Net Profit	790.05	1,284.69	1,040.27	841.16
Profit Balance B/F	3,286.69	3,823.74	4,829.28	5,573.21
Appropriations	4,076.74	5,108.43	5,869.55	6,414.37
Equity Dividend %	260.00%	300.00%	300.00%	300.00%
	79.98	130.06	105.31	85.15
Adjusted EPS	79.98	130.06	105.31	85.15

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	98.78	98.78	98.78	98.78
Total Reserves	4,035.44	5,039.63	5,778.71	6,328.83
Reserve excluding Revaluation Reserve	4,035.44	5,039.63	5,778.71	6,328.83
Revaluation reserve		0.00
	4,134.22	5,138.41	5,877.49	6,427.61
Minority Interest		4.90	14.58	13.98
Deferred Tax Assets / Liabilities	208.60	244.32	311.12	374.27
Other Long Term Liabilities	94.89	120.49	168.11	143.84
Long Term Provisions	33.43	45.50	55.25	62.88
Total Non-Current Liabilities	336.92	410.31	534.48	580.99
Trade Payables	322.21	347.85	431.28	479.48
Other Current Liabilities	1,219.65	1,334.67	1,420.71	1,455.43
Short Term Provisions	19.31	17.26	22.98	23.63
Total Current Liabilities	1,561.17	1,699.78	1,874.97	1,958.54
Total Liabilities	6,032.31	7,253.40	8,301.52	8,981.12
Gross Block	4,118.64	5,577.30	6,480.10	7,408.61
Less: Accumulated Depreciation	1,092.94	1,342.24	1,625.94	2,016.58
Net Block	3,025.70	4,235.06	4,854.16	5,392.03
Capital Work in Progress	708.62	823.39	1,068.06	1,269.52
Non Current Investments		50.00	107.50	112.47
Long Term Investment		50.00	107.50	112.47
Long Term Loans & Advances	204.35	225.61	305.08	356.78
Other Non Current Assets	87.42	11.74	20.34	13.81
Total Non-Current Assets	4,026.09	5,345.80	6,355.14	7,144.61
Currents Investments	1,309.82	1,018.76	1,054.23	1,035.64
Inventories	33.84	42.07	52.31	62.58
Sundry Debtors	294.03	296.49	364.06	458.65
Cash and Bank	227.87	426.12	332.90	114.26
Other Current Assets	23.25	24.32	22.71	35.12
Short Term Loans and Advances	117.41	99.84	120.17	130.26
Total Current Assets	2,006.22	1,907.60	1,946.38	1,836.51
Net Current Assets (Including Current Investments)	445.05	207.82	71.41	-122.03
Total Assets	6,032.31	7,253.40	8,301.52	8,981.12
Contingent Liabilities	40.39	314.40	440.55	551.22
Total Debt	0.00	0.00	0.00	0.00
	418.53	520.19	595.01	650.70
Adjusted Book Value	418.53	520.19	595.01	650.70

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00
	1,055.54	1,728.11	1,369.59	1,134.59
Adjustment	164.14	170.05	245.44	357.17
Changes In working Capital	13.40	93.96	60.33	-63.93
Cash Flow after changes in Working Capital	1,233.08	1,992.12	1,675.36	1,427.83
Cash Flow from Operating Activities	969.30	1,567.87	1,406.62	1,162.29
Cash Flow from Investing Activities	-649.09	-1,081.95	-1,052.72	-888.26
Cash Flow from Financing Activitie	-284.79	-499.25	-331.52	-368.58
Net Cash Inflow / Outflow	35.42	-13.33	22.38	-94.55
Opening Cash & Cash Equivalents	82.48	117.90	129.37	151.75
Cash & Cash Equivalent on Amalgamation / Take over / Merger		24.80
Closing Cash & Cash Equivalent	117.90	129.37	151.75	57.20

Ratios

Valuation

14.91

1.61

7.48

1.14

72.43

670.25

Profitability

13.66

18.78

9.73

16.00

9.27

Leverage & Liquidity

0.00

0.94

55.13

Returns

2.78

1.05

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	32.50	32.50	32.50	32.50	32.50	32.50	32.50	32.50	32.51
	58.16	59.66	56.85	57.58	58.00	56.48	55.72	55.14	55.75
	9.34	7.84	10.65	9.92	9.50	11.02	11.78	12.35	11.73
	67.49	67.50	67.50	67.50	67.50	67.49	67.50	67.49	67.49
No. of Shareholders	1,47,540	1,42,738	1,73,905	1,67,650	1,66,589	1,78,576	1,79,761	1,84,373	1,78,033

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-08-06	AGM
2026-07-24	Board Meeting	Quarterly Results
2026-05-07	Ex Dividend	Rs.18.0000 per share(180%)Final Dividend	2026-08-18	2026-08-18

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Gas TransmissionGas Transmission/Marketing

Mahanagar Gas Ltd. operates in the Gas Transmission sector under the Gas Transmission/Marketing industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

9 members across the board and senior leadership

Atul Prabhu

Company Secretary & Compliance Officer

—

Deepak Gupta

Chairman

—

Praveer Kumar Srivastava

Managing Director

—

Ajay Sinha

Deputy Managing Director

₹98.28 L

Mar '26

P Anbalagan

Nominee Director - Governor of Maharashtra

—

Malvika Sinha

Non Executive Independent Director

₹15.90 L

Mar '26

Harish Kumar Agarwal

Non Executive Independent Director

₹15.60 L

Mar '26

Mahesh Kumar Gupta

Non Executive Independent Director

₹15.30 L

Mar '26

Pankaj Kuchhal

Non Executive Independent Director

₹7.86 L

Mar '26

MGL Latest News

News

4 of 4 articles

EQUITY19 Aug 2026 · 14:55

Gas stocks trade higher as govt comes out with incentive scheme to boost domestic PNG connections

Mahanagar Gas is currently trading at Rs. 1134.30, up by 23.65 points or 2.13%

EQUITY31 Jul 2026 · 16:25

Mahanagar Gas submits investor presentation

EQUITY9 Jun 2026 · 17:21

Mahanagar Gas informs about analyst meet

EQUITY7 May 2026 · 19:55

Mahanagar Gas reports Profit after tax of Rs 1319.20 Mln, in the March 2026 quarter

MGL

₹1,079.95

+1.35%