Mahanagar Gas Ltd (IN:MGL)
:MGL
MGL Stock Chart & Stats
₹1153.30
₹7.65(0.61%)
At close: 4:00 PM EST
₹1153.30
₹7.65(0.61%)
Day’s Range― - ―
52-Week Range₹902.00 - ₹1,586.00
Previous CloseN/A
Volume773.40K
Average Volume (3M)14.39K
Market Cap
₹93.15B
Enterprise Value₹95.37B
Total Cash (Recent Filing)₹12.99B
Total Debt (Recent Filing)₹4.02B
Price to Earnings (P/E)13.9
Beta1.36
Next Earnings
May 12, 2026EPS Estimate
20.74Next Dividend Ex-DateN/A
Dividend Yield2.62%
Share Statistics
EPS (TTM)20.40
Shares Outstanding98,777,780
10 Day Avg. Volume12,519
30 Day Avg. Volume14,387
Financial Highlights & Ratios
PEG Ratio-0.69
Price to Book (P/B)2.33
Price to Sales (P/S)1.89
P/FCF Ratio61.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,320.00Price Target Upside14.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)97.93
Revenue Forecast (FY)₹90.28B
Bulls Say, Bears Say
Bulls Say
Strong Balance SheetLow leverage and a robust equity base give MGL durable financial flexibility to fund capital-intensive pipeline and station expansion, absorb commodity or demand shocks, and secure favorable financing. This underpins long-term investment capacity and supports consistent operations and shareholder returns.
Consistent Revenue GrowthSustained top-line growth across multiple years reflects rising PNG/CNG volumes and stronger network utilization, a durable sign of expanding market penetration. Persistent revenue gains improve scale economics, support fixed-cost absorption and provide a stable base for long-term margin and cash-flow improvement.
Regulated Essential Business ModelMGL's regulated CGD role creates structural demand from households, commercial and transport sectors and high barriers to entry via authorized geographic areas and infrastructure. Ownership of distribution assets yields durable cash flows and competitive advantage versus new entrants over the medium term.
Bears Say
Volatile Free Cash FlowA sharp drop in free cash flow reduces the company's internal funding for capex, network expansion and dividends. Given CGD's ongoing capital needs, persistent FCF variability may force reliance on external financing or slow growth, weakening long-term financial resilience and strategic optionality.
Slight Margin ErosionGradual contraction in net and operating margins suggests pressure on spreads between procurement and selling prices or rising operating costs. If sustained, margin erosion will lower ROE and cash generation, constraining reinvestment capacity and reducing the cushion against adverse regulatory or commodity moves.
Regulatory And Policy ExposureAs a regulated CGD provider operating in authorized areas, MGL's profitability and tariffs are exposed to policy decisions on gas allocation, pricing and taxation. Structural regulatory shifts or unfavorable policy changes can materially alter procurement economics and permitted returns, reducing predictability.
Mahanagar Gas Ltd News
MGL FAQ
What was Mahanagar Gas Ltd’s price range in the past 12 months?
Mahanagar Gas Ltd lowest stock price was ₹902.00 and its highest was ₹1586.00 in the past 12 months.
What is Mahanagar Gas Ltd’s market cap?
Mahanagar Gas Ltd’s market cap is ₹93.15B.
When is Mahanagar Gas Ltd’s upcoming earnings report date?
Mahanagar Gas Ltd’s upcoming earnings report date is May 12, 2026 which is in 40 days.
How were Mahanagar Gas Ltd’s earnings last quarter?
Mahanagar Gas Ltd released its earnings results on Feb 07, 2026. The company reported ₹20.4 earnings per share for the quarter, missing the consensus estimate of ₹20.564 by -₹0.164.
Is Mahanagar Gas Ltd overvalued?
According to Wall Street analysts Mahanagar Gas Ltd’s price is currently Undervalued.
Does Mahanagar Gas Ltd pay dividends?
Mahanagar Gas Ltd pays a Semiannually dividend of ₹18 which represents an annual dividend yield of 2.62%. See more information on Mahanagar Gas Ltd dividends here
What is Mahanagar Gas Ltd’s EPS estimate?
Mahanagar Gas Ltd’s EPS estimate is 20.74.
How many shares outstanding does Mahanagar Gas Ltd have?
Mahanagar Gas Ltd has 98,777,780 shares outstanding.
What happened to Mahanagar Gas Ltd’s price movement after its last earnings report?
Mahanagar Gas Ltd reported an EPS of ₹20.4 in its last earnings report, missing expectations of ₹20.564. Following the earnings report the stock price went up 0.399%.
Which hedge fund is a major shareholder of Mahanagar Gas Ltd?
Currently, no hedge funds are holding shares in IN:MGL
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Mahanagar Gas Ltd
Mahanagar Gas Limited operates as a natural gas distribution company in India. The company provides domestic piped natural gas (PNG), commercial PNG, industrial PNG, and compressed natural gas (CNG), as well as manufactures gas geysers. It operates 290 CNG filing stations that provides gas to approximately 8.5 lakh vehicles with 1,738 dispensing points; 550 km of steel pipeline and approximately 5,670 km of MDPE pipeline; and 4,339 commercial and industrial customers. The company's PNG is used for various applications, such as cooking and water heating, as well as in hospitals, nursing homes, hotels, flight kitchens, restaurants, places of worship, etc. Mahanagar Gas Limited was incorporated in 1995 and is based in Mumbai, India.
MGL Stock 12 Month Forecast
Average Price Target
₹1,320.00
▲(14.45% Upside)
Technical Analysis
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