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Mahanagar Gas Limited (MGL.NS)
Mumbai, IN
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.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.74% | -9.00% | -1.00% | -7.65% | -13.48% | -6.26% | -24.43% | +1.59% | -6.04% | +104.69% | +104.69% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 7 | 0 |
| Buy | 15 | 0 |
| Hold | 5 | +1 |
| Sell | 2 | 0 |
| Strong Sell | 1 | 0 |
-
Revenue growth Regulated Gas: +4.9%+14.1% ★ Q1'26: +6.4% (vs Q1'25)
-
EPS growth Regulated Gas: +13.8%-19.2% Q1'26: -47.4% (vs Q1'25)
-
FCF margin FCF growth · Regulated Gas: +30.8%+8.1% Q1'26: +3.5% (vs Q1'25)
-
EBIT margin Regulated Gas: +12.9%+12.7% Q1'26: +7.9% (vs Q1'25)
-
ROIC Regulated Gas: +4.7%+14.1% ★ Q1'26: +8.7% (vs Q1'25)
-
Share dilution Regulated Gas: 0.0%0.0% ★ Q1'26: +0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Regulated Gas: 2.21×0.15× ★ Q1'26: 0.21× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Mar 2016 actual |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 26 Rev. Ana. 24 EPS Ana. |
Mar 2027 24 Rev. Ana. 22 EPS Ana. |
Mar 2028 24 Rev. Ana. 20 EPS Ana. |
Mar 2029 3 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
20.66B
est: 21.45B (-3.7%)
|
20.20B
est: 20.78B (-2.8%)
|
22.18B
est: 23.34B (-5.0%)
|
27.71B
est: 28.65B (-3.3%)
|
29.51B
est: 30.45B (-3.1%)
|
21.36B
est: 21.82B (-2.1%)
|
35.36B
est: 35.99B (-1.7%)
|
62.77B
est: 63.43B (-1.0%)
|
62.67B
est: 64.18B (-2.4%)
|
72.28B
est: 67.98B (+6.3%)
|
81.51B
81.51B – 84.57B
+19.9% YoY
|
89.70B
89.70B – 95.45B
+10.1% YoY
|
98.50B
98.50B – 110.55B
+9.8% YoY
|
113.00B
111.64B – 114.36B
+14.7% YoY
|
| EBITDA |
5.56B
est: 6.43B (-13.4%)
|
6.97B
est: 6.22B (+12.0%)
|
8.38B
est: 8.45B (-0.9%)
|
9.63B
est: 10.72B (-10.1%)
|
11.52B
est: 10.01B (+15.1%)
|
10.14B
est: 8.82B (+15.1%)
|
10.10B
est: 13.28B (-24.0%)
|
12.96B
est: 14.46B (-10.4%)
|
20.19B
est: 15.81B (+27.7%)
|
17.36B
est: 22.05B (-21.3%)
|
20.07B
20.07B – 20.83B
-9.0% YoY
|
22.09B
22.09B – 23.51B
+10.1% YoY
|
24.26B
24.26B – 27.23B
+9.8% YoY
|
27.83B
27.49B – 28.16B
+14.7% YoY
|
| EBIT |
4.74B
est: 5.28B (-10.3%)
|
6.02B
est: 5.12B (+17.6%)
|
7.27B
est: 6.56B (+10.8%)
|
8.37B
est: 8.36B (+0.1%)
|
9.90B
est: 7.68B (+28.9%)
|
8.41B
est: 6.57B (+27.9%)
|
8.14B
est: 9.90B (-17.8%)
|
10.65B
est: 10.78B (-1.2%)
|
17.41B
est: 12.79B (+36.2%)
|
13.84B
est: 13.98B (-1.0%)
|
16.24B
16.24B – 16.85B
+16.2% YoY
|
17.87B
17.87B – 19.02B
+10.1% YoY
|
19.63B
19.63B – 22.03B
+9.8% YoY
|
22.52B
22.25B – 22.79B
+14.7% YoY
|
| Net Income |
3.11B
est: 3.09B (+0.5%)
|
3.93B
est: 4.00B (-1.7%)
|
4.78B
est: 4.59B (+4.1%)
|
5.46B
est: 5.88B (-7.1%)
|
7.94B
est: 5.42B (+46.4%)
|
6.20B
est: 5.85B (+5.9%)
|
5.97B
est: 8.82B (-32.3%)
|
7.90B
est: 9.60B (-17.7%)
|
12.85B
est: 11.97B (+7.3%)
|
10.41B
est: 10.70B (-2.7%)
|
8.41B
7.73B – 11.71B
-21.4% YoY
|
9.20B
7.95B – 11.01B
+9.4% YoY
|
9.98B
8.18B – 14.31B
+8.5% YoY
|
10.57B
10.46B – 10.68B
+5.9% YoY
|
| SGA |
777.65M
est: 109.97M (+607.1%)
|
833.27M
est: 106.51M (+682.3%)
|
919.10M
est: 2.20B (-58.3%)
|
715.07M
est: 2.50B (-71.4%)
|
1.27B
est: 2.78B (-54.4%)
|
1.35B
est: 1.36B (-0.3%)
|
1.78B
est: 2.05B (-12.9%)
|
1.08B
est: 2.23B (-51.6%)
|
1.19B
est: 2.90B (-58.9%)
|
1.47B
est: 3.17B (-53.7%)
|
3.69B
3.69B – 3.82B
+16.2% YoY
|
4.06B
4.06B – 4.32B
+10.1% YoY
|
4.46B
4.46B – 5.00B
+9.8% YoY
|
5.11B
5.05B – 5.17B
+14.7% YoY
|
| EPS |
31.47
est: 31.30 (+0.5%)
|
39.83
est: 40.51 (-1.7%)
|
48.38
est: 50.43 (-4.1%)
|
55.31
est: 55.82 (-0.9%)
|
80.33
est: 78.88 (+1.8%)
|
62.72
est: 64.15 (-2.2%)
|
60.43
est: 59.74 (+1.2%)
|
79.98
est: 80.10 (-0.1%)
|
130.06
est: 121.14 (+7.4%)
|
105.33
est: 103.12 (+2.1%)
|
91.87
78.30 – 118.56
-10.9% YoY
|
94.89
80.49 – 111.43
+3.3% YoY
|
104.28
82.83 – 144.85
+9.9% YoY
|
107.00
105.86 – 108.14
+2.6% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-08 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 |
| 2026-05-07 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 |
| 2026-05-06 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 |
| 2026-05-05 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 |
| 2026-05-04 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 |
| 2026-04-30 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 |
| 2026-04-29 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 |
| 2026-04-28 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 |
| 2026-04-27 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 |
| 2026-04-24 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-17 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Vanguard FTSE All-World ex-US Small-Cap ETF VSS | 0.02% | 2.32M | 0.06% |
| 2 | Vanguard FTSE Emerging Markets Shares ETF VGE.AX | 0.01% | 76.9K | 0.48% |
| 3 | Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO | 0.01% | 173.5K | 0.26% |
| 4 | Vanguard FTSE Emerging Markets ETF VWO | 0.01% | 8.56M | 0.06% |
| 5 | Vanguard Total International Stock ETF VXUS | 0.00% | 9.37M | 0.05% |
| 6 | Vanguard Total World Stock ETF VT | 0.00% | 571.4K | 0.06% |
| 7 | Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO | 0.00% | 13.8K | 0.22% |
| 8 | Vanguard All-Equity ETF Portfolio VEQT.TO | 0.00% | 41.5K | 0.22% |
| 9 | Vanguard Growth ETF Portfolio VGRO.TO | 0.00% | 22.3K | 0.22% |
| 10 | Vanguard Balanced ETF Portfolio VBAL.TO | 0.00% | 9.8K | 0.22% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Ashu Shinghal | MD & Director | 13M | male |
| Sanjay Yeshwantrao Shende | Deputy MD & Director | 12M | male |
| Chakrapani Atmakur | Vice President of Human Resources & Corporate Social Responsibility | — | male |
| Gurvinder Singh Anand | Vice President of Projects | — | male |
| Rajesh D. Patel | Chief Financial Officer | — | male |
| Rajesh Wagle | Senior Vice President of Marketing | — | male |
| Sitanshu Sekhar Roychowdhury | Vice President of Operation & Maintenance | — | male |
| Ajay Sinha | Deputy MD & Whole-Time Director | — | male |
| T. L. Sharnagat | Senior Vice President of Contracts & Procurement and Chief Risk Officer | — | male |
| Atul Trimbak Prabhu | AVP of Internal Audit, Company Secretary & Compliance Officer | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for MGL.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
