Mahanagar Gas Ltd. (MGL) fundamentals
Mahanagar Gas Ltd. is a listed company in Gas, part of the Oil Gas & Consumable Fuels sector, listed on the NSE as MGL (ISIN INE002S01010). This page carries its reported financials, balance sheet, cash flow, shareholding pattern and valuation ratios.
What Mahanagar Gas Ltd. does
Mahanagar Gas Limited is an India-based natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane and Raigad districts of Maharashtra. It operates through the selling of the natural gas segment. It offers PNG for domestic, commercial and industrial purposes. Its domestic PNG is used for various purposes, like cooking and water heating. It is also used by hospitals, nursing homes, hotels, flight kitchens, restaurants, places of worship and others. It offers PNG for various industries, including metal, pharmaceuticals, food and beverages, printing and dyeing, oil mills, power generation and air conditioning. It supplies CNG to Brihanmumbai Electricity Supply and Transport/Thane Municipal Transport/Maharashtra State Road Transport Corporation/Navi Mumbai Municipal Transport (BEST/TMT/MSRTC/NMMT) buses, light commercial vehicles (LCVs)/ tempos/ trucks/private buses. It also installs gas geysers.
Valuation and market data
| Last close | ₹1100.00 |
|---|---|
| Market capitalisation | ₹10,859 crore |
| Enterprise value | ₹11,382 crore |
| P/E (TTM) | 12.92 |
| Price to book | 1.69 |
| Price to sales (TTM) | 0.73 |
| Book value per share | ₹652.55 |
| Dividend yield | 272.73% |
| Sector | Oil Gas & Consumable Fuels |
| Industry | Gas |
| Listed since | Fri Jul 01 |
Annual results
| Period | Revenue | Profit before tax | Net profit | EPS |
|---|---|---|---|---|
| Mar 2026 | ₹8,359 crore | ₹1,141 crore | ₹847 crore | 85.73 |
| Mar 2025 | ₹7,427 crore | ₹1,371 crore | ₹1,041 crore | 105.41 |
| Mar 2024 | ₹6,420 crore | ₹1,733 crore | ₹1,289 crore | 130.50 |
| Mar 2023 | ₹6,411 crore | ₹1,056 crore | ₹790 crore | 79.98 |
| Mar 2022 | ₹3,646 crore | ₹806 crore | ₹597 crore | 60.43 |
Figures are as reported (standalone), in ₹ crore.
Shareholding pattern
As of Jun 2026:
| Promoters | 32.5% |
|---|---|
| Foreign institutions (FII) | 23.2% |
| Mutual funds | 11.2% |
| Other domestic institutions | 11.3% |
| Retail and others | 21.8% |
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Data is sourced from exchange filings and vendor feeds and is for research, not investment advice. Figures can be restated by the company after publication.