Mahanagar Gas Ltd Stock Price Today (NSE: MGL)
Fundamental Score
Mahanagar Gas Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Mahanagar Gas Ltd share price today is ₹927.70, up +0.12% on NSE/BSE as of 30 March 2026. Mahanagar Gas Ltd (MGL) is a Mid-cap company in the LPG/CNG/PNG/LNG Supplier sector with a market capitalisation of ₹11.81K (Cr). The 52-week high for MGL share price is ₹1586.90 and the 52-week low is ₹900.00. At a P/E ratio of 11.92x, MGL is currently trading below its industry average P/E of 20.96x. The company has a Return on Equity (ROE) of 17.72% and a debt-to-equity ratio of 0.03.
Mahanagar Gas Ltd Share Price Chart — NSE/BSE Historical Performance
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Mahanagar Gas Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
Mahanagar Gas Share Price Analysis: A ROCE-Focused Perspective
The Indian gas distribution sector, particularly players like Mahanagar Gas, is navigating a landscape increasingly influenced by fluctuating global energy prices and evolving government policies aimed at promoting cleaner fuels. Today, the Mahanagar Gas share price stands at ₹1152.599976, with a PE ratio of 11.92. This analysis delves into the company's Return on Capital Employed (ROCE) and its implications for long-term value creation. This analysis is part of an 80-parameter fundamental audit verified by Sweta Mishra.
Mahanagar Gas boasts a ROCE of 22.89%. This robust return signifies the company's efficiency in generating profits from its invested capital. A high ROCE, relative to its cost of capital, indicates a strong competitive advantage and ability to reinvest earnings effectively. This efficient capital allocation strengthens the company's economic moat, making it more resilient to competitive pressures within the City Gas Distribution (CGD) sector.
The company's ROCE must be considered in the context of its peers. While a detailed management quality comparison requires deeper qualitative analysis, it’s important to note that
Gujarat Gas Limited and other players like Adani Total Gas Limited, operate in different geographical regions and may have differing regulatory environments influencing their respective ROCE figures. Understanding these nuances is crucial for a comprehensive relative valuation.A sustainable high ROCE allows Mahanagar Gas to potentially fund future expansion projects, enhance infrastructure, and increase shareholder value through dividends or share buybacks. The company's operational efficiency, as reflected in its ROCE, warrants close attention. While this analysis provides an observational overview, potential investors should conduct thorough due diligence and consider a wide range of factors before making any investment decisions. This includes analyzing the regulatory landscape, competitive intensity, and the company's long-term growth strategies.
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Mahanagar Gas Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of MGL across key market metrics for learning purposes.
Positive Indicators
10 factors identified
Strong Return on Equity (17.72%)
Observation: Efficient use of shareholders' capital generating superior returns.
Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.
Excellent ROCE Performance (22.89%)
Observation: Superior returns on capital employed across business operations.
Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.
Strong Operating Margins (25.40%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Attractive Valuation (P/E: 11.92 vs Industry: 20.96)
Observation: Trading at discount to industry peers.
Analysis: P/E below industry average may present value opportunity.
Consistent Growth Track Record (18.43% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Conservative Debt Levels (D/E: 0.03)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (79.01x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Strong Cash Generation (₹2072.14 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Strong Institutional Confidence (FII+DII: 46.48%)
Observation: Significant professional investor participation.
Analysis: High institutional holding often signals thorough due diligence.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
3 factors identified
Profit Decline Concern (-32.57%)
Observation: Significant year-over-year profit contraction observed.
Analysis: Declining profitability requires investigation into underlying causes.
Weak Earnings Growth (4.26% CAGR)
Observation: Below-average 5-year EPS growth performance.
Analysis: Low EPS growth may not keep pace with inflation.
Stagnant Profit Growth (4.26% CAGR)
Observation: Limited 5-year profit growth trajectory.
Analysis: Low profit growth may indicate scalability challenges or market maturity.
Mahanagar Gas Ltd Financial Statements
Comprehensive financial data for Mahanagar Gas Ltd including income statement, balance sheet and cash flow
About MGL (Mahanagar Gas Ltd)
Mahanagar Gas Ltd is a vital artery in Mumbai's energy infrastructure, quietly delivering clean and efficient fuel to millions. It’s the unseen hand warming homes with piped natura...l gas (PNG), powering industries with compressed natural gas (CNG), and ensuring businesses can operate smoothly. From the bustling kitchens of domestic households to the intricate processes of pharmaceutical manufacturers, MGL's network stretches far and wide, offering a reliable and cost-effective energy solution. Through an extensive pipeline system, the company delivers PNG to residential customers for cooking and water heating, offering a sustainable alternative to traditional fuels like LPG. Beyond homes, MGL services an array of commercial establishments, including hospitals, hotels, and restaurants, contributing to the smooth operation of these critical services. The reach of MGL extends beyond the residential and commercial sectors, deeply impacting the industrial landscape of the region. Numerous industries, from metalworking to food processing, rely on MGL for a continuous supply of CNG, fueling their operations and contributing to the economic engine of the city. CNG is especially valuable for environmentally conscious businesses because of the decreased emissions. MGL's commitment to providing this cleaner alternative is a key component of its sustainability agenda, promoting cleaner air and a healthier environment. By servicing a diverse range of industries, MGL demonstrates its adaptability and commitment to meeting the evolving energy needs of a dynamic urban center. MGL plays a critical role in supporting everyday life and powering economic activities throughout the metropolitan area. From the humble act of cooking a family meal to the large-scale operations of industrial plants, MGL's contribution is undeniable. The company continuously invests in its infrastructure and technology to ensure the safe and reliable delivery of natural gas to its customers. With a focus on quality, safety, and sustainability, MGL is not just an energy supplier; it is a partner in the growth and development of the city, ensuring a cleaner and more efficient future for all. By embracing innovation and prioritizing customer satisfaction, MGL continues to cement its position as a leader in the natural gas distribution industry.
Company Details
Key Leadership
Corporate Events
MGL Share Price: Frequently Asked Questions
What is the current share price of Mahanagar Gas Ltd (MGL)?
As of 30 Mar 2026, 12:03 pm IST, Mahanagar Gas Ltd share price is ₹927.70. The MGL stock has a market capitalisation of ₹11.81K (Cr) on NSE/BSE.
Is MGL share price Overvalued or Undervalued?
MGL share price is currently trading at a P/E ratio of 11.92x, compared to the industry average of 20.96x. Based on this relative valuation, the Mahanagar Gas Ltd stock appears to be Undervalued against its sector peers.
What is the 52-week high and low of MGL share price?
The 52-week high of MGL share price is ₹1586.90 and the 52-week low is ₹900.00. These values are updated daily from NSE/BSE price data.
What factors affect the Mahanagar Gas Ltd share price?
Key factors influencing MGL share price include quarterly earnings growth (Sales Growth: 14.73%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Mahanagar Gas Ltd a good stock for long-term investment?
Mahanagar Gas Ltd shows a 5-year Profit Growth of 4.26% and an ROE of 17.72%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.03 before investing in MGL shares.
How does Mahanagar Gas Ltd compare with its industry peers?
Mahanagar Gas Ltd competes with major peers in the LPG/CNG/PNG/LNG Supplier. Investors should compare MGL share price P/E of 11.92x and ROE of 17.72% against the industry averages to determine competitive standing.
What is the P/E ratio of MGL and what does it mean?
MGL share price has a P/E ratio of 11.92x compared to the industry average of 20.96x. Investors pay ₹12 for every ₹1 of annual earnings.
How is MGL performing according to Bull Run's analysis?
MGL has a Bull Run fundamental score of 51.7/100, indicating moderate strength with some areas for improvement. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does MGL belong to?
MGL operates in the LPG/CNG/PNG/LNG Supplier industry. This classification helps understand the competitive landscape and sector-specific trends affecting Mahanagar Gas Ltd share price.
What is Return on Equity (ROE) and why is it important for MGL?
MGL has an ROE of 17.72%, which indicates excellent management efficiency. ROE measures how efficiently Mahanagar Gas Ltd generates profits from shareholders capital.
How is MGL debt-to-equity ratio and what does it indicate?
MGL has a debt-to-equity ratio of 0.03, which indicates conservative financing with low financial risk.
What is MGL dividend yield and is it a good dividend stock?
MGL offers a dividend yield of 2.51%, meaning you receive ₹2.51 annual dividend for every ₹100 invested in Mahanagar Gas Ltd shares.
How has MGL share price grown over the past 5 years?
MGL has achieved 5-year growth rates of: Sales Growth 18.43%, Profit Growth 4.26%, and EPS Growth 4.26%.
What is the promoter holding in MGL and why does it matter?
Promoters hold 32.50% of MGL shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Mahanagar Gas Ltd.
What is MGL market capitalisation category?
MGL has a market capitalisation of ₹11807 crores, placing it in the Mid-cap category.
How volatile is MGL stock?
MGL has a beta of N/A. A beta > 1 suggests the Mahanagar Gas Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is MGL operating profit margin trend?
MGL has a 5-year average Operating Profit Margin (OPM) of 25.40%, indicating the company's operational efficiency.
How is MGL quarterly performance?
Recent quarterly performance shows Mahanagar Gas Ltd YoY Sales Growth of 14.73% and YoY Profit Growth of -32.57%.
What is the institutional holding pattern in MGL?
MGL has FII holding of 23.59% and DII holding of 22.89%. Significant institutional holding often suggests professional confidence in the Mahanagar Gas Ltd stock.