MGLLPG/CNG/PNG/LNG Supplier
Mahanagar Gas Ltd — PE Ratio & Valuation Analysis
₹927.70
+0.12%
Current P/E11.92xPrice to earnings
Industry P/E20.96xSector average
4Y Avg P/E12.4x3.9% below avg
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43.1% Discount to Industry
MGL P/E 11.92x vs sector avg 20.96x
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Historical PE Ratio
| Year | EPS (₹) | Year-end Price | PE Ratio |
|---|---|---|---|
| 2025 | ₹105.33 | ₹1136 | 10.8x |
| 2024 | ₹129.21 | ₹1284 | 9.9x |
| 2023 | ₹79.98 | ₹1201 | 15x |
| 2022 | ₹60.43 | ₹838 | 13.9x |
PE = Year-end closing price ÷ Diluted EPS. Source: NSE/BSE filings.
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Understanding Mahanagar Gas Ltd Valuation
Mahanagar Gas Ltd (MGL) currently trades at 11.92x earnings. The LPG/CNG/PNG/LNG Supplier sector average PE is 20.96x. MGL is trading at a discount to peers — may indicate relative value. Historically, MGL has traded at an average PE of 12.4x — it is currently below that level. Always evaluate PE alongside earnings growth (PEG ratio), return on equity, debt levels and business quality. A lower PE isn't always better. Educational data only — not investment advice.
ROE
17.72%
Dividend Yield
2.51%
More on Mahanagar Gas Ltd
Data from NSE/BSE public filings. Educational purposes only. Bull Run is not SEBI-registered. Not investment advice.