Mahanagar Gas Ltd (MGL) AI Stock Analysis

• Market Cap: ₹132.09B
• Dividend Yield: 2.25%
• Average Volume (3M): 17.03K
• Price to Earnings (P/E): 12.3
• Beta (1Y): 1.37
• Revenue Growth: 19.68%
• EPS Growth: -10.62%
• Country: IN
• Employees: 532
• Sector: Utilities
• Sector Strength: 78
• Industry: Regulated Gas
• EPS (TTM): 32.50
• Shares Outstanding: 98,777,780
• 10 Day Avg. Volume: 10,335
• 30 Day Avg. Volume: 17,032
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,549.86
• Price Target Upside: 16.55% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 70 Outperform
• Price Target: ₹1,519.00 ▲(14.23% Upside)

Mahanagar Gas Ltd has a strong financial foundation with solid revenue growth and a robust balance sheet. Valuation metrics indicate potential undervaluation, with a low P/E ratio and a decent dividend yield. However, technical indicators suggest the stock is currently in a downtrend, possibly oversold, which might present a buying opportunity. The lack of recent earnings call information or notable corporate events keeps the focus on financial performance and valuation.

Mahanagar Gas Ltd Business Overview & Revenue Model

Company Description

Mahanagar Gas Ltd (MGL) is one of India's leading natural gas distribution companies. Primarily operating in the Mumbai Metropolitan Region, MGL provides safe and reliable natural gas supply to domestic, commercial, industrial, and vehicular sectors. The company is known for its commitment to sustainable energy solutions and its extensive distribution network, which includes pipelines and compressed natural gas (CNG) stations.

How the Company Makes Money

Mahanagar Gas Ltd generates revenue through the distribution and sale of natural gas. Its key revenue streams include the sale of piped natural gas (PNG) to residential, commercial, and industrial customers and the sale of compressed natural gas (CNG) for automotive use. The company benefits from long-term customer relationships and regulatory frameworks that support natural gas usage. MGL also engages in partnerships with government entities and other corporations to expand its infrastructure and service reach, contributing to its financial growth and stability.

Mahanagar Gas Ltd Financial Statement Overview

Summary

Mahanagar Gas Ltd demonstrates strong financial performance with steady revenue growth and solid profitability. The company maintains a sound balance sheet with low leverage and a high equity ratio, indicating financial stability. However, cash flow variability, particularly in free cash flow, suggests potential cash management challenges.

Income Statement

Mahanagar Gas Ltd has shown solid revenue growth from 2022 to 2025, with a notable increase in total revenue from 2024 to 2025. The gross profit margin remained strong, although net profit margins have slightly declined over the years. The EBIT and EBITDA margins indicate efficient operational performance, though there's a slight decline in EBIT in 2025. Overall, the income statement reflects a stable and growing revenue base with strong profitability.

Balance Sheet

The company's balance sheet exhibits strong financial health, with a low debt-to-equity ratio indicating low leverage. The equity ratio is robust, showcasing a solid foundation of stockholders' equity relative to total assets. Return on equity remains strong, albeit slightly declining in the most recent year. Overall, the balance sheet demonstrates financial stability and efficient capital management.

Cash Flow

Mahanagar Gas Ltd has exhibited fluctuating free cash flow growth, with a significant decrease in free cash flow from 2024 to 2025. The operating cash flow to net income ratio is strong, indicating efficient cash generation from operations. However, the drop in free cash flow signals potential challenges in maintaining cash reserves. Overall, while operational cash flow remains strong, the variability in free cash flow suggests a need for improved cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	72.64B	72.64B	62.90B	62.99B	35.60B	21.53B
Gross Profit	23.40B	25.84B	26.45B	18.64B	9.16B	12.57B
EBITDA	16.90B	15.70B	20.19B	12.96B	10.10B	10.14B
Net Income	10.41B	10.41B	12.76B	7.90B	5.97B	6.20B
Balance Sheet
Total Assets	82.70B	82.70B	73.81B	60.32B	52.34B	46.01B
Cash, Cash Equivalents and Short-Term Investments	13.87B	13.87B	14.39B	15.31B	15.51B	14.86B
Total Debt	2.01B	2.01B	1.41B	1.15B	1.03B	741.05M
Total Liabilities	23.75B	23.75B	22.46B	18.98B	16.36B	13.69B
Stockholders Equity	58.80B	58.80B	51.30B	41.34B	35.97B	32.32B
Cash Flow
Free Cash Flow	0.00	2.22B	8.33B	2.56B	2.55B	4.66B
Operating Cash Flow	0.00	14.06B	16.16B	9.69B	9.04B	8.06B
Investing Cash Flow	0.00	-10.52B	-10.82B	-6.49B	-5.39B	-4.44B
Financing Cash Flow	0.00	-3.32B	-4.99B	-2.85B	-3.10B	-3.49B

Mahanagar Gas Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1329.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MGL, the sentiment is Negative. The current price of 1329.75 is above the 20-day moving average (MA) of 1328.12, below the 50-day MA of 1399.70, and above the 200-day MA of 1315.69, indicating a neutral trend. The MACD of -21.02 indicates Negative momentum. The RSI at 43.04 is Neutral, neither overbought nor oversold. The STOCH value of 52.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MGL.

Mahanagar Gas Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IGL	71 Outperform	₹286.30B	17.19		2.53%	8.41%	-14.34%
TORNTPOWER	71 Outperform	₹653.97B	23.46		1.48%	-2.95%	16.18%
MGL	70 Outperform	₹132.09B	12.35		2.25%	19.68%	-10.62%
RELINFRA	69 Neutral	₹112.45B	2.19		―	-5.77%	―
Sector *	67 Neutral	$17.69B	18.14	5.29%	3.53%	7.33%	12.21%
GENUSPOWER	64 Neutral	₹106.80B	24.59		0.17%	119.77%	228.09%
CESC	63 Neutral	₹218.26B	15.84		2.75%	9.43%	-2.06%

Mahanagar Gas Ltd Corporate Events

Mahanagar Gas Limited to Engage with Analysts and Investors in August 2025

Mahanagar Gas Limited has announced its participation in several upcoming Analyst and Institutional Investors Meetings scheduled for August 2025. These meetings, which will be held in person, are part of the company’s efforts to engage with stakeholders and provide updates on its operations and strategies. The announcement reflects Mahanagar Gas Limited’s commitment to transparency and proactive communication with the investment community, potentially impacting its market perception and investor relations.

Mahanagar Gas to Engage with Investors in August 2025 Meetings

Mahanagar Gas Limited has announced its participation in several upcoming analyst and institutional investor meetings, scheduled for August 2025. These meetings, which will be held in person, aim to engage with stakeholders and provide insights into the company’s operations and strategic direction, potentially impacting its market positioning and investor relations.

Mahanagar Gas Limited to Engage with Analysts and Investors in August 2025

Mahanagar Gas Limited has announced its participation in several upcoming Analyst and Institutional Investors Meetings, scheduled for August 2025. These meetings, which will be held in person, are part of the company’s efforts to engage with stakeholders and provide insights into its operations. The meetings are set to take place at Emkay’s Global Conference, Equirus Annual India Conference, and Antique’s Flagship India Conference. This engagement reflects the company’s commitment to transparency and maintaining strong relationships with investors, although no unpublished price-sensitive information will be disclosed.

Mahanagar Gas Limited Announces 30th AGM and Annual Report Release

Mahanagar Gas Limited has announced the 30th Annual General Meeting (AGM) scheduled for August 22, 2025, which will be conducted via video conference. The company has released its Integrated Annual Report for the financial year 2024-25, available to shareholders electronically. This announcement ensures compliance with SEBI regulations and facilitates shareholder engagement through digital means, reflecting Mahanagar Gas’s commitment to transparency and modern communication practices.

Mahanagar Gas Sets Record Date for Final Dividend

Mahanagar Gas Limited has announced that the record date for determining shareholders’ entitlement to the final dividend for the financial year 2024-25 is set for August 14, 2025. The Board of Directors recommended a final dividend of Rs. 18 per equity share, which is subject to shareholder approval at the upcoming AGM on August 22, 2025. If approved, the dividend will be distributed within 30 days post-AGM, impacting shareholders and reflecting the company’s financial health and commitment to returning value to its investors.