Mahanagar Gas Ltd
Mahanagar Gas Ltd (MGL) last reported results for the quarter ended Jun 2026, with sales of ₹2,373 crore and net profit of ₹193 crore. The stock last traded at ₹1,039, a market capitalisation of ₹10,264 crore, on a P/E of 14.3. Over the past 52 weeks the stock has ranged between ₹900 and ₹1,335. Figures are as of 6 Oct 2026 and are not real time.
Mahanagar Gas Ltd share price and key metrics
- Current price
- ₹1,039
- Market cap
- ₹10,264 cr
- Stock P/E
- 14.3
- Book value
- ₹651
- ROE
- 12.2%
- ROCE
- 17.0%
- Dividend yield
- 2.88%
- 52w high / low
- 1335/900
Metrics as of 6 Oct 2026. Not real time.
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Mahanagar Gas Ltd growth and returns
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 9%
- TTM
- 11%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- -2%
- TTM
- -33%
- 10 Years
- 4%
- 5 Years
- -1%
- 3 Years
- -2%
- 1 Year
- -19%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 18%
- Last Year
- 12%
Mahanagar Gas Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹2,373 cr, up 13.9% from ₹2,083 cr a year earlier. Net profit was ₹193 cr, down 39.5% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,786 | 1,847 | 1,964 | 2,083 | 2,050 | 2,060 | 2,052 | 2,373 |
| Expenses | 1,373 | 1,523 | 1,570 | 1,583 | 1,714 | 1,709 | 1,794 | 2,030 |
| Operating profit | 413 | 325 | 394 | 500 | 336 | 351 | 258 | 342 |
| OPM % | 23% | 18% | 20% | 24% | 16% | 17% | 13% | 14% |
| Other income | 47 | 42 | 42 | 32 | 29 | 30 | 29 | 30 |
| Interest | 3 | 3 | 4 | 5 | 5 | 6 | 5 | 6 |
| Depreciation | 84 | 91 | 93 | 96 | 104 | 104 | 106 | 109 |
| Profit before tax | 373 | 272 | 339 | 431 | 256 | 271 | 176 | 258 |
| Tax % | 23% | 19% | 27% | 26% | 25% | 26% | 26% | 25% |
| Net profit | 287 | 221 | 247 | 319 | 191 | 201 | 130 | 193 |
| EPS (₹) | 29.03 | 22.40 | 25.01 | 32.26 | 19.37 | 20.36 | 13.15 | 19.54 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Mahanagar Gas Ltd annual results
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 6,299 | 6,290 | 7,264 | 8,246 | 8,535 |
| Operating profit | 1,184 | 1,844 | 1,569 | 1,446 | 1,288 |
| OPM % | 19% | 29% | 22% | 18% | 15% |
| Net profit | 790 | 1,285 | 1,040 | 841 | 715 |
| EPS (₹) | 79.98 | 130.06 | 105.31 | 85.16 | 72.42 |
TTM is the trailing twelve months to the most recent quarter.
Mahanagar Gas Ltd balance sheet
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity capital | 99 | 99 | 99 | 99 |
| 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 |
As reported by the company. Total assets equal total liabilities by construction.
Mahanagar Gas Ltd cash flow
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operations | 969 | 1,568 | 1,407 | 1,162 |
| Cash from investing | -649 | -1,057 | -1,053 | -888 |
| Cash from financing | -285 | -499 | -332 | -369 |
| Net cash flow | 35 | 11 | 22 | -95 |
| Free cash flow | 257 | 786 | 229 | 88 |
| CFO / operating profit | 104% | 108% | 107% | 99% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Mahanagar Gas Ltd operating ratios
| Per year | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROCE % | — | 34% | 23% | 17% |
| Debtor days | 17 | 17 | 18 | 20 |
| Inventory days | 3 | 4 | 4 | 4 |
| Days payable | 26 | 35 | 34 | 31 |
| Cash conversion cycle | -7 | -13 | -11 | -7 |
| Working capital days | -63 | -72 | -66 | -56 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Mahanagar Gas Ltd shareholding pattern
Promoters held 32.50% at Jun 2026, broadly unchanged since Jun 2025. FIIs 23.21% and DIIs 22.53%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 32.50% | 32.50% | 32.50% | 32.50% | 32.50% | 32.50% | 32.50% | 32.50% |
| FIIs | 34.20% | 25.75% | 23.76% | 25.48% | 23.59% | 24.89% | 24.13% | 23.21% |
| DIIs | 15.46% | 21.10% | 23.82% | 22.52% | 22.89% | 20.83% | 21.01% | 22.53% |
| Government | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% |
| Public | 7.84% | 10.64% | 9.92% | 9.50% | 11.01% | 11.79% | 12.34% | 11.75% |
| No. of shareholders | 1,42,738 | 1,73,905 | 1,67,650 | 1,66,589 | 1,78,576 | 1,79,761 | 1,84,373 | 1,78,033 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Mahanagar Gas Ltd corporate filings
- Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Mahanagar Gas Ltd schedules analyst/investor meeting for September 29, 2026Company Updatelow impact
Cruxal's analysis: Mahanagar Gas Ltd has announced an analyst and investor meeting scheduled for Tuesday…
Read the full analysis - Trading Window Closure for the quarter and half year ended September 30, 2026Insider Trading / SASTlow impact
- Mahanagar Gas Ltd schedules analyst and investor meeting for September 21, 2026Company Updatelow impact
Cruxal's analysis: Mahanagar Gas Ltd has announced an analyst and investor meeting scheduled for Monday…
Read the full analysis - Mahanagar Gas Ltd schedules analyst and investor meeting for September 11, 2026Company Updatelow impact
Cruxal's analysis: Mahanagar Gas Ltd has announced an analyst and investor meeting scheduled for Friday…
Read the full analysis - Mahanagar Gas Limited concludes 31st AGM; shareholders approve final dividend of INR 18 per shareAGM/EGMlow impact
Cruxal's analysis: Mahanagar Gas Limited has successfully concluded its 31st Annual General Meeting, with…
Read the full analysis - Mahanagar Gas Ltd schedules analyst and investor meeting for September 02, 2026Company Updatelow impact
Cruxal's analysis: Mahanagar Gas Ltd has announced an analyst and investor meeting scheduled for Wednesday…
Read the full analysis - Mahanagar Gas Limited Concludes 31st AGM; Confirms Final Dividend of INR 18 per ShareAGM/EGMlow impact
Cruxal's analysis: Mahanagar Gas Limited has successfully concluded its 31st Annual General Meeting, where…
Read the full analysis - Mahanagar Gas Limited Q1 FY27 Earnings Call: Strong Volume Growth Amidst Geopolitical Gas Supply VolatilityCompany Updatehigh impact
Cruxal's analysis: Mahanagar Gas Limited reported a strong Q1 FY27 performance with net profit rising 46.83%…
Read the full analysis - Mahanagar Gas Ltd schedules analyst and investor meeting for August 12, 2026Company Updatelow impact
Cruxal's analysis: Mahanagar Gas Ltd has announced an analyst and investor meeting scheduled for Wednesday…
Read the full analysis - Mahanagar Gas Ltd schedules analyst and investor meeting for August 11, 2026Company Updatelow impact
Cruxal's analysis: Mahanagar Gas Ltd has formally announced an analyst and investor meeting scheduled for…
Read the full analysis - Mahanagar Gas Ltd. publishes notice for 31st Annual General Meeting, e-voting, and record dateCompany Updatelow impact
Cruxal's analysis: Mahanagar Gas Ltd. has issued a newspaper advertisement on 2026-08-04, providing the…
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