Is Mahanagar Gas (MGL) overvalued or fairly valued?

MarketChacha shows Mahanagar Gas's valuation in context — a forward P/E of about 12.1, 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 ₹9,060 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 ₹1,134.30 (+1.0% on the day), as of 8/11/2026 — a delayed quote shown for education, not investment advice.

Mahanagar Gas

MGL · NSE · Gas Distribution · India

Snapshot

TickerMGL

ExchangeNSE

SectorGas Distribution

IndustryUtilities - Regulated Gas

CountryIndia

Employees729

HeadquartersMumbai, India

Websitewww.mahanagargas.com

Filings tracked6

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, domestic households, and commercial establishments and industries used for cooking and water heating, as well as by hospitals, nursing homes, hotels, flight kitchens, restaurants, and places of worship. It also supplies compressed natural gas (CNG) and liquefied natural gas (LNG) to vehicles; and sells pipes and fittings required for construction of pipeline infrastructure. The company operates 518 CNG stations connected to 32.14 lakh households; and 5,924 industrial and commercial customers through a pipeline network of 8320 kilometers comprising of carbon steel and polyethylene pipelines. Mahanagar Gas Limited was incorporated in 1995 and is based in Mumbai, India.

Who owns it

Promoters42.5%
Institutions31.3%
Public & other26.2%

86 institutional holders

Ownership breakdown from public market data. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

Margin has compressed by about 3.2 points over the period — profitability is trending down.

Net margin trend12.5% → 9.3%

Margin has compressed by about 3.2 points over the period — profitability is trending down.

Growth qualityrev 13% · PAT 2%

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

Computed by MarketChacha from reported figures (BSE (official results filing)). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev ₹2,507 Cr · EPS 27.10

Est. earnings growth +32.5%

Next fiscal year

Rev ₹10,258 Cr · EPS 94.17

Est. earnings growth +18.8%

Analyst consensus estimates — not the company's own guidance.

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Financials at a glance

Source: BSE (official results filing)

Annual

Quarterly · last 5

Revenue (FY2026)

₹9,060 Cr

Net margin

9.3%

Revenue CAGR (3y)

+12.9%

Profit CAGR (3y)

+2.3%

EPS (FY2026)

85.73

Net profit (FY2026)

₹847 Cr

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	EPS	Net margin
FY2026	₹9,060 Cr	₹847 Cr	85.73	9.3%
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	EPS	Net margin
2026Q2	₹2,372 Cr	₹194 Cr	—	8.2%
2026Q1	₹2,258 Cr	₹132 Cr	13.35	5.8%
2025Q4	₹2,266 Cr	₹202 Cr	20.45	8.9%
2025Q3	₹2,049 Cr	₹193 Cr	—	9.4%
2025Q2	₹1,976 Cr	₹324 Cr	—	16.4%

Figures as reported, in ₹ (crore). Source: BSE (official results filing).

Filings & announcements

2026

Business Responsibility and Sustainability Reporting (BRSR)
Business Responsibility and Sustainability Report for FY 2025-26
BSE8/3/2026
Reg. 34 (1) Annual Report.
Annual Report for the FY 2025-26
BSE8/3/2026
Notice Of 31St Annual General Meeting
Notice of 31st Annual General Meeting of the Company scheduled to be held on Tuesday, August 25, 2026
BSE8/3/2026material
Letter Sent To Shareholders - Annual Report FY 2025-26
Letter sent to shareholders providing weblink of Annual Report for FY 2025-26
BSE8/3/2026
Record Date For The Purpose Of Payment Of Final Dividend On Equity Shares For FY 2025-26
Record Date for Final Dividend for FY 2025-26 - Tuesday, August 18, 2026
BSE8/3/2026
Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30, 2026
Mahanagar Gas Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2026 ,inter alia, to consider and approve the Unaudited Standalone and ....
BSE7/24/2026material

In the news

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