Is Mahanagar Gas (MGL) overvalued or fairly valued?

MarketChacha shows Mahanagar Gas's valuation in context — a forward P/E of about 11.7, a price-to-book of about 1.7 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Mahanagar Gas's revenue?

Mahanagar Gas reported revenue of ₹8,240 Cr for FY2026, with net profit of ₹847 Cr, per official filings.

What is the share price of Mahanagar Gas (MGL)?

Mahanagar Gas last traded at ₹1,096.00 (-0.4% on the day), as of 7/21/2026 — a delayed quote shown for education, not investment advice.

Mahanagar Gas

MGL · NSE · Gas Distribution · India

₹1,096.00-0.4%

Delayed · as reported by Yahoo Finance · as of Jul 21, 2026, 5:33 AM

Snapshot

TickerMGL

ExchangeNSE

SectorGas Distribution

IndustryUtilities - Regulated Gas

CountryIndia

HeadquartersMumbai, India

Market cap₹10,776 Cr

P/B1.7

Volume42.28K

Websitewww.mahanagargas.com

Filings tracked0

About Mahanagar Gas

Mahanagar Gas Limited operates as a natural gas distribution company in India. The company supplies piped natural gas (PNG) to domestic households for cooking and water heating, as well as for nursing homes, flight kitchens, and places of worship; commercial establishments, including hospitals, hotels, restaurants, and charitable trusts; and industries, such as metals, pharmaceuticals, printing and dyeing, food and beverages, oil mills, FMCG product manufacturers, power generation, and air-conditioning. It also provides compressed natural gas to transport sector. In addition, it engages in sale of pipes and fittings required for construction of pipeline infrastructure. Further, the company supplies liquefied natural gas to heavy motor vehicles. The company operates 385 CNG filling stations with 2,399 dispensing points; 652 kilometers of steel pipeline; and 6887 kilometers of poly-ethylene pipeline. Mahanagar Gas Limited was incorporated in 1995 and is based in Mumbai, India.

Profile as reported by Yahoo Finance.

Who owns it

Promoters42.5%
Institutions30.7%
Public & other26.8%

87 institutional holders

As reported by Yahoo Finance. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

Margin has compressed by about 2.3 points over the period — profitability is trending down.

Net margin trend12.5% → 10.3%

Margin has compressed by about 2.3 points over the period — profitability is trending down.

Growth qualityrev 9% · PAT 2%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev ₹2,303 Cr · EPS 22.20

Est. earnings growth +14.2%

Next fiscal year

Rev ₹10,039 Cr · EPS 93.98

Est. earnings growth +27.0%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

₹900.0052-wk range₹1,562.00

Delayed · as reported by Yahoo Finance

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 4

Market cap

₹10,776 Cr

Day change

-0.4%

Fwd P/E

11.7

P/B

1.7

Div yield

2.73%

Beta

0.71

Revenue (FY2026)

₹8,240 Cr

Net margin

10.3%

Revenue CAGR (3y)

+9.4%

Profit CAGR (3y)

+2.3%

Net profit (FY2026)

₹847 Cr

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about MGL

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	Net margin
FY2026	₹8,240 Cr	₹847 Cr	10.3%
FY2025	₹7,264 Cr	₹1,045 Cr	14.4%
FY2024	₹6,245 Cr	₹1,289 Cr	20.6%
FY2023	₹6,299 Cr	₹790 Cr	12.5%

Quarterly

Period	Revenue	Net profit	Net margin
2026Q1	₹2,051 Cr	₹132 Cr	6.4%
2025Q4	₹2,058 Cr	₹202 Cr	9.8%
2025Q3	₹2,049 Cr	₹193 Cr	9.4%
2025Q2	₹1,976 Cr	₹324 Cr	16.4%

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.