Mahanagar Gas
Mahanagar Gas Share Price

Mahanagar Gas Share Price

NSE: MGL

|

BSE: 539957

|

Gas Transmission

64% Buy

₹1,512.40

-₹30.30 (-1.96%) Last updated on 08 Jul, 2025 | 15:55 IST

Mahanagar Gas Overview

Market cap
Market Cap Switch₹15,238 Crs
Open
₹1,556.00
Prev. Close
₹1,542.70
Circuit range
₹1,696.90 - ₹1,388.50
Day range
₹1,507.30 - ₹1,556.00
Year range
₹1,075.25 - ₹1,988.00
Volume
4,48,093
Avg. traded
₹1,522.70
Revenue (12m)
₹7,979 Crs

About Mahanagar Gas

Mahanagar Gas Limited (MGL) is a major natural gas distribution company in India. Formed in 1995, Mahanagar Gas has GAIL Limited and the Government of Maharashtra as its promotors. The company is known for pioneering the natural gas distribution network in Mumbai and its adjoining regions. It is the only distributor of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Mumbai, Thane and Raigad district in Maharashtra.

The market capitalisation of Mahanagar Gas Limited is over ₹12,400 crore as of January 12, 2024. Mahanagar Gas share price has gained over 12% in the last three years.

Business operations

Mahanagar Gas caters to a diverse customer base through its CNG and PNG services. With a substantial CNG customer base of 9.2 lakh and an active PNG customer base of 15.1 lakh, Mahanagar Gas plays a crucial role in providing clean and efficient energy solutions.

The company has an extensive gas pipeline network, spanning over 6,500 kilometers, utilising both steel and polyethylene materials. This infrastructure facilitates domestic connectivity for a staggering 2.17 million households. Mahanagar Gas also operates 1,909 CNG dispensing points, enhancing its accessibility to eco-friendly fueling solutions.

It manages five city gate stations strategically situated in Sion (Mumbai), Mahape (Navi Mumbai), Ambernath (Thane), Taloja (Raigad) and Savroli (Raigad). In total, Mahanagar Gas maintains 31 offices to facilitate its business operations.

Mahanagar Gas’ extensive network in Mumbai, its adjoining areas and Raigad district spans 6,742 kilometres and consists of both carbon steel and polyethene pipelines, connecting over 23.72 lakh domestic customers. The domestic PNG provided through this network serves various purposes including cooking and water heating.

The PNG and CNG business segments are the core of Mahanagar Gas’ business. In FY23, the company commissioned a medium-density polyethylene line to Maharashtra's Raj Bhavan premises. The company reached an unprecedented connectivity milestone by servicing 3,05,030 domestic households. There were the highest-ever domestic PNG conversions totalling 1,38,000, illustrating a strong customer preference for sustainable energy solutions.

A strategic Memorandum of Understanding (MoU) was established with the Indian Navy to provide PNG connections, enriching the lives of approximately 8000 armed forces households and other defence establishments. Mahanagar Gas has plans to add 200 CNG stations within the next five years.

When it comes to the CNG segment, in December 2022, Mahanagar Gas Limited inaugurated the 300th CNG station, contributing to a total of 313 CNG stations by the conclusion of FY 23. To enhance infrastructure further, it has undertaken lease agreements with City and Industrial Development Corporation, Maharashtra Industrial Development Corporation, Maharashtra State Road Transport Corporation and the Government of Maharashtra for the development of additional Mahanagar Gas-owned CNG stations in the future.

Mahanagar Gas had ׁ509 employees of which 49 (around 10%) were women employees as of March 31, 2023.

Financial Highlights

– Mahanagar Gas Limited's revenue from operations for FY23 stood at ₹6,921 crore, up by 78.15% compared to ₹3,885 crore in FY22. – The net profit after tax for the financial year 2022-23 was ₹790 crore compared to ₹597 crore during the previous year. – In FY23, the earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹1,184 crore from the previous year's ₹924 crore. – The company's earnings per share (EPS) stood at ₹79.98 in FY23 compared to ₹60.43 in the previous financial year.

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Mahanagar Gas Share Price Chart

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Mahanagar Gas Key Indicators

P/E ratio
14.65
P/B ratio
2.2
ROE
27.79%
ROCE
37.6%
Dividend yield
2.29%
Debt/Equity ratio
EPS
130.5

Investment Checklist: (3/6)

not passed

Equity returns

not passed

Dividend returns

passed

Safety factor

NA

Growth factor

passed

Debt vs Equity

passed

Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst Ratings:

Buy

Buy

64%

Hold

18%

Sell

18%

This analysis is based on the reviews of 28 experts in the last 7 days

Mahanagar Gas Financial Ratios

  • Profitability

  • Operational

  • Valuation

Operating profit margin

29.41%

Net profit margin

18.79%

ROE

27.79%

ROA

19.45%

ROCE

37.6%

Mahanagar Gas Shareholder returns

1 day
+0.02%
1 week
+4.01%
1 month
+16.03%
3 months
+18.19%
1 year
-9.22%
3 years
+95.49%
5 years
+49.99%

Revenue Statement

All values are in ₹ Crores (Cr)
RevenueNo Sort
Operating ProfitNo Sort
Net ProfitNo Sort
Mar-24
6,290.10
2,018.77
1,276.37
Mar-23
6,299.28
1,296.07
790.05

Cash Flow

All values are in ₹ Crores (Cr)
OperatingNo Sort
InvestingNo Sort
FinancingNo Sort
Mar-24
1,567.87
-1,081.95
-499.25
Mar-23
969.30
-649.09
-284.79

Balance Sheet

All values are in ₹ Crores (Cr)
Total AssetNo Sort
Total LiabilityNo Sort
Mar-24
7,381.29
2,246.18
Mar-23
6,032.31
1,898.09

Mahanagar Gas Share Price History

DayOpenCloseChange %
08-Jul-25
₹1,556.00
₹1,512.40
-1.96%
07-Jul-25
₹1,550.00
₹1,542.70
+0.02%
04-Jul-25
₹1,508.00
₹1,542.40
+2.28%
03-Jul-25
₹1,515.00
₹1,508.00
-0.10%
02-Jul-25
₹1,494.20
₹1,509.50
+1.23%
01-Jul-25
₹1,485.00
₹1,491.20
+0.54%
30-Jun-25
₹1,510.60
₹1,483.20
-1.89%
27-Jun-25
₹1,447.10
₹1,511.80
+4.47%

Mahanagar Gas Shareholding Pattern

CategoryMar 2025Dec 2024Sep 2024Jun 2024
Promoters
32.50%
32.50%
32.50%
32.50%
Foreign institutions-FII
23.76%
25.75%
34.20%
31.49%
Other domestic institutions
20.55%
20.83%
20.33%
21.43%
Retail and other
9.92%
10.65%
7.84%
9.34%
Mutual Funds
13.27%
10.27%
5.13%
5.24%

Corporate Actions

  • Dividend • ₹12/share

    Ex date 03 Feb 2025

    expand tab
  • Dividend • ₹18/share

    Ex date 14 Aug 2024

    expand tab
  • Dividend • ₹12/share

    Ex date 05 Feb 2024

    expand tab
  • Dividend • ₹16/share

    Ex date 14 Aug 2023

    expand tab

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FAQs on Mahanagar Gas

What is the share price of Mahanagar Gas today?

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Mahanagar Gas share price is ₹ 1,512.40 as on 08 Jul, 2025 | 15:55 IST.

What are the high & low stock price of Mahanagar Gas today?

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Mahanagar Gas stock price hit a high of ₹ 1,556.00 and low of ₹ 1,507.30 as on 08 Jul, 2025 | 15:55 IST.

What is the market cap of Mahanagar Gas?

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The market cap of Mahanagar Gas is ₹ 15,238.45 Crores as on 08 Jul, 2025 | 15:55 IST.

What are the the 52-week high and low share prices of Mahanagar Gas stock on the NSE?

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52-week high stock Price of Mahanagar Gas is ₹ 1,988.00 and Low Price is ₹ 1,075.25 as on 08 Jul, 2025 | 15:55 IST.

What are the stock symbols of Mahanagar Gas?

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The stock symbol of Mahanagar Gas is NSE: MGL on the NSE, BSE: 539957 on the BSE, and the ISIN is INE002S01010.

Can I buy Mahanagar Gas shares on Holidays?

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No, shares of Mahanagar Gas or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell Mahanagar Gas shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.

What is the PE and PB ratio of Mahanagar Gas?

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The PE and PB ratio of Mahanagar Gas is 14.65 and 2.2 respectively, as on 08 Jul, 2025 | 15:55 IST.

What are the returns on Mahanagar Gas shares?

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The historical returns for Mahanagar Gas shares are -9.22 for 1 year, 95.49 for 3 year and 49.99 for 5 year.