as of —
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Change
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Day Open
₹—
Day High
₹—
Day Low
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NSE Close — 25 Sep 2026
₹1,071.3
Change
-8.3 (-0.77%)
Open
₹1,076.5
Prev. Close
₹1,079.6
Day High
₹1,088.0
Day Low
₹1,062.9
Volume Analysis
Traded
104,630
Delivered
65,429
Delivery %
62.53%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (0)
No signal for this stock
Weaknesses (0)
No signal for this stock
Opportunities (0)
No signal for this stock
Threats (1)
- •FII holding has been falling
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹1,110.34 | ₹1,099.17 | ₹1,085.24 | ₹1,074.07 | ₹1,060.14 | ₹1,048.97 | ₹1,035.04 |
| Fibonacci | ₹1,099.17 | ₹1,089.58 | ₹1,083.66 | ₹1,074.07 | ₹1,064.48 | ₹1,058.56 | ₹1,048.97 |
| Camarilla | ₹1,078.2 | ₹1,075.9 | ₹1,073.6 | ₹1,074.07 | ₹1,069.0 | ₹1,066.7 | ₹1,064.4 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
-5.04%
1 Week
-0.6%
1 Month
-1.95%
3 Months
-8.76%
6 Months
+13.53%
1 Year
-13.44%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹1,116.86
Current price is at or below the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
10.79%
Net margin 8.38% × asset turnover 0.92x × equity multiplier 1.4x
Company Overview
Sector
Oil, Gas & Consumable Fuels
Market Cap
₹10,586 Cr
P/E (TTM)
14.8
ROE
12.2%
Book Value
₹651.0
Face Value
₹10.0
Source: Screener.in (Consolidated figures) — data as of 25 Sep 2026. Not investment advice.
TopFund Analysis
Mahanagar Gas Ltd. holds up reasonably well on TopFund's composite fundamentals check within the Oil, Gas & Consumable Fuels sector, at 65/100. The strongest factor is Financial Strength (100/100), while Growth (29/100) is the weakest area to weigh before deciding. FII holding has been falling.
TopFund Score — Fundamentals Quality
65/100 — GoodData confidence: 77/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company is almost debt free.
- +Company has been maintaining a healthy dividend payout of 28.9%
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
MGL will attend PL Capital Mid & Small Cap Conference 2026 on September 29, 2026, in-person.
Analyst / Investor Meeting is scheduled to be held on Monday, September 21, 2026
MGL will attend UBS India Summit investor meetings in-person on September 11, 2026.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,538 | 1,571 | 1,569 | 1,613 | 1,666 | 1,786 | 1,847 | 1,964 | 2,083 | 2,050 | 2,060 | 2,052 | 2,373 |
| Expenses + | 1,017 | 1,092 | 1,120 | 1,218 | 1,229 | 1,373 | 1,523 | 1,570 | 1,583 | 1,714 | 1,709 | 1,794 | 2,030 |
| Operating Profit | 521 | 479 | 449 | 395 | 437 | 413 | 325 | 394 | 500 | 336 | 351 | 258 | 342 |
| OPM % | 34.0% | 30.0% | 29.0% | 24.0% | 26.0% | 23.0% | 18.0% | 20.0% | 24.0% | 16.0% | 17.0% | 13.0% | 14.0% |
| Other Income + | 39 | 44 | 48 | 44 | 36 | 47 | 42 | 42 | 32 | 29 | 30 | 29 | 30 |
| Interest | 3 | 2 | 3 | 6 | 3 | 3 | 3 | 4 | 5 | 5 | 6 | 5 | 6 |
| Depreciation | 62 | 66 | 68 | 81 | 83 | 84 | 91 | 93 | 96 | 104 | 104 | 106 | 109 |
| Profit before tax | 496 | 454 | 426 | 352 | 386 | 373 | 272 | 339 | 431 | 256 | 271 | 176 | 258 |
| Tax % | 26.0% | 25.0% | 26.0% | 26.0% | 25.0% | 23.0% | 19.0% | 27.0% | 26.0% | 25.0% | 26.0% | 26.0% | 25.0% |
| Net Profit + | 368 | 338 | 317 | 261 | 289 | 287 | 221 | 247 | 319 | 191 | 201 | 130 | 193 |
| EPS in Rs | 37 | 34 | 32 | 26 | 29 | 29 | 22 | 25 | 32 | 19 | 20 | 13 | 20 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales + | 6,299 | 6,290 | 7,264 | 8,246 | 8,535 |
| Expenses + | 5,115 | 4,446 | 5,695 | 6,800 | 7,247 |
| Operating Profit | 1,184 | 1,844 | 1,569 | 1,446 | 1,288 |
| OPM % | 19.0% | 29.0% | 22.0% | 18.0% | 15.0% |
| Other Income + | 112 | 175 | 167 | 120 | 118 |
| Interest | 9 | 13 | 14 | 21 | 22 |
| Depreciation | 231 | 277 | 352 | 410 | 423 |
| Profit before tax | 1,056 | 1,728 | 1,370 | 1,135 | 961 |
| Tax % | 25.0% | 26.0% | 24.0% | 26.0% | — |
| Net Profit + | 790 | 1,285 | 1,040 | 841 | 715 |
| EPS in Rs | 80 | 130 | 105 | 85 | 72 |
| Dividend Payout % | 20.0% | 23.0% | 28.0% | 35.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Reserves | 4,035 | 5,040 | 5,779 | 6,329 |
| Borrowings + | 115 | 141 | 201 | 223 |
| Other Liabilities + | 1,783 | 1,974 | 2,223 | 2,331 |
| Total Liabilities | 6,032 | 7,253 | 8,302 | 8,981 |
| Fixed Assets + | 3,026 | 4,235 | 4,854 | 5,392 |
| CWIP | 709 | 823 | 1,068 | 1,270 |
| Investments | 1,310 | 1,069 | 1,162 | 1,148 |
| Other Assets + | 988 | 1,126 | 1,218 | 1,171 |
| Total Assets | 6,032 | 7,253 | 8,302 | 8,981 |
| Equity Capital | 99 | 99 | 99 | 99 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from Operating Activity + | 969 | 1,568 | 1,407 | 1,162 |
| Cash from Investing Activity + | -649 | -1,057 | -1,053 | -888 |
| Cash from Financing Activity + | -285 | -499 | -332 | -369 |
| Net Cash Flow | 35 | 11 | 22 | -95 |
| CFO/OP | 104 | 108 | 107 | 99 |
| Free Cash Flow | 257 | 786 | 229 | 88 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 10.89% | 9.43% | 9.55% | 9.32% | 7.84% | 10.64% | 9.92% | 9.5% | 11.01% | 11.79% | 12.34% | 11.75% |
| Promoters | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% |
| Government | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% |
| FII | 30.51% | 30.85% | 30.54% | 31.49% | 34.2% | 25.75% | 23.76% | 25.48% | 23.59% | 24.89% | 24.13% | 23.21% |
| DII | 16.1% | 17.23% | 17.4% | 16.67% | 15.46% | 21.1% | 23.82% | 22.52% | 22.89% | 20.83% | 21.01% | 22.53% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Oil, Gas & Consumable Fuels — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Mahanagar Gas Ltd. (this stock) | 10,586 | 14.8 | 1.65 | 12.2% |
| Vedanta Oil And Gas Ltd | 13,440 | 62.5 | — | — |
| Gulf Oil Lub. Ind. Ltd. | 5,347 | 13.7 | 3.47 | 24.1% |
| Deep Industries Limited | 4,938 | 11.9 | 2.48 | 19.2% |
| Savita Oil Technolo. Ltd | 4,890 | 11.8 | 2.69 | 8.26% |
| Sindhu Trade Links Ltd | 3,662 | 47.3 | 1.84 | 2.52% |
| Prabha Energy Limited | 3,604 | 3276.0 | 7.8 | -0.15% |
Which Mutual Funds Hold Mahanagar Gas Ltd.?
Frequently Asked Questions about Mahanagar Gas Ltd.
Mahanagar Gas Ltd. (MGL) closed at ₹1,071.3 on NSE on 25 September 2026, down 8.3 (0.77%) from the previous close.
Mahanagar Gas Ltd. trades on the NSE (National Stock Exchange of India) under the symbol MGL.
Mahanagar Gas Ltd. has a trailing twelve-month P/E (price-to-earnings) ratio of 14.8.
Mahanagar Gas Ltd. has a dividend yield of 2.8%.
Mahanagar Gas Ltd.'s 52-week high is ₹1,335.0 and its 52-week low is ₹900.0.
Mahanagar Gas Ltd. has a market capitalisation of ₹10,586 crore.
Mahanagar Gas Ltd. has a TopFund Quality Score of 65/100 (Good), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
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