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MGL Stock Chart & Stats
₹1075.90
₹21.00(1.95%)
At close: 4:00 PM EDT
₹1075.90
₹21.00(1.95%)
Day’s Range― - ―
52-Week Range₹902.00 - ₹1,377.05
Previous CloseN/A
Volume98.78K
Average Volume (3M)14.39K
Market Cap
₹112.61B
Enterprise Value₹82.30K
Total Cash (Recent Filing)₹11.50B
Total Debt (Recent Filing)₹0.00
Price to Earnings (P/E)15.7
Beta1.36
Next Earnings
Oct 22, 2026EPS Estimate
22.54Next Dividend Ex-DateN/A
Dividend Yield2.63%
Share Statistics
EPS (TTM)72.42
Shares Outstanding98,777,780
10 Day Avg. Volume12,519
30 Day Avg. Volume14,387
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)1.43
Price to Sales (P/S)1.11
P/FCF Ratio89.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,168.00Price Target Upside8.56% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)77.6
Revenue Forecast (FY)₹95.48B
Bulls Say, Bears Say
Bulls Say
Conservative Balance SheetVery low leverage and steady equity/assets growth provide durable financial flexibility. That conservative capital structure supports sustained investment in pipeline and CNG infrastructure, helps absorb commodity or regulatory shocks, and underpins long-term credit and funding optionality.
Multi-year Revenue GrowthSustained multi-year top-line expansion reflects expanding PNG and CNG customer base and network scale. Durable revenue growth supports spreading fixed costs, improving unit economics over time, and provides a foundation for steady utility-like cash generation despite near-term cyclicality.
Regulated CGD FranchiseAuthorized city-gas distribution rights create structural barriers to entry and predictable demand from captive PNG/CNG customers. The regulatory franchise enables long-term asset recovery and recurring volume-based revenue, supporting stable, utility-like fundamentals for capital allocation.
Bears Say
Margin CompressionMeaningful margin decline reduces profitability and long-term returns on invested capital. If procurement, transportation, or operating costs persistently outpace tariff adjustments or efficiency gains, margin pressure can structurally erode earnings power and weaken reinvestment capacity.
Weak Free Cash FlowA sharp fall in free cash flow limits capacity to fund network expansion or absorb working-capital swings without tapping external financing. Persistent low FCF versus earnings raises structural funding risk for capex and dividends even if operating cash flow remains positive.
Procurement Cost ExposureBusiness economics depend on the spread between customer tariffs and gas procurement/delivery costs. Structural exposure to volatile upstream gas prices and potential regulatory lag on tariff pass-through can persistently compress margins and introduce earnings volatility.
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 ₹1377.05 in the past 12 months.
What is Mahanagar Gas Ltd’s market cap?
Mahanagar Gas Ltd’s market cap is ₹112.61B.
When is Mahanagar Gas Ltd’s upcoming earnings report date?
Mahanagar Gas Ltd’s upcoming earnings report date is Oct 22, 2026 which is in 66 days.
How were Mahanagar Gas Ltd’s earnings last quarter?
Mahanagar Gas Ltd released its earnings results on Jul 30, 2026. The company reported ₹19.6 earnings per share for the quarter, beating the consensus estimate of ₹14.919 by ₹4.681.
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 2.63%. See more information on Mahanagar Gas Ltd dividends here
What is Mahanagar Gas Ltd’s EPS estimate?
Mahanagar Gas Ltd’s EPS estimate is 22.54.
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 ₹19.6 in its last earnings report, beating expectations of ₹14.919. Following the earnings report the stock price went up 1.177%.
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
Established in 1995 and based in Mumbai, India, Mahanagar Gas Limited functions as a key player in the Indian natural gas distribution sector. The company delivers a variety of natural gas solutions, including piped natural gas (PNG) for residential, business, and industrial purposes, as well as compressed natural gas (CNG). Beyond gas supply, it also produces gas geysers. Its substantial operational footprint comprises 290 CNG filling stations equipped with 1,738 dispensing points, serving approximately 850,000 vehicles. The underlying infrastructure features 550 kilometers of steel pipeline and roughly 5,670 kilometers of MDPE pipeline, extending services to 4,339 commercial and industrial establishments. PNG finds widespread utility for applications like cooking and water heating, alongside critical uses in hospitals, nursing homes, hotels, flight kitchens, restaurants, and places of worship.
MGL Stock 12 Month Forecast
Average Price Target
₹1,168.00
▲(8.56% Upside)
Technical Analysis
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