Mahanagar Gas Ltd Share Price

Q: What is the share price of Mahanagar Gas Ltd today?

Mahanagar Gas Ltd share price as on 22 Jan 2025 is ₹1280.2

Gas Distribution

NSE: MGL Small Cap ISIN: INE002S01010

As on 22 January 2025 at 15:59 IST

₹1,280.20

+ 2.65

(0.21%)

Sell Buy

About Mahanagar Gas Ltd

Mahanagar Gas Ltd (MGL), founded in the year 1995, is India's premier natural gas distribution company. Headquartered in the city of Mumbai, Maharashtra, MGL offers a cleaner, more efficient alternative to traditional fuels, significantly reducing carbon emissions. Over the years, the company has experienced substantial growth. It has expanded its network and customer base to become a key player in the natural gas industry. MGL’s main products are CNG and PNG. They are cleaner fuel alternatives for vehicles, households, and industries. They also help reduce pollution and provide cost-effective energy solutions. Read More...

Over 1 Month

4.24%

Over 6 Months

-26.13%

Over 1 Year

-2.65%

Over 3 Years

49.81%

Mahanagar Gas Ltd Summary

Close ₹ 1,280.20

Open ₹ 1,284.30

High ₹ 1,287.55

Low ₹ 1,254.25

Volume 2,82,925

Net Turnover (in ₹) ₹ 47,39,91,548.10

52Wk High ₹ 1,988

52Wk Low ₹ 1,075.25

52Wk High / Low

1,075.25

1,988

Mahanagar Gas Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 12,619.36

EPS (TTM) 116.37

Book Value (BV) 560.23

Div. Yield 2.35 %

P/E (TTM) 10.98

Price/Book Value 2.28

Delivery % 24.57 %

Face Value 10

Key Ratios

PE Ratio 10.45

PB Ratio 2.62

EV to Sales 2.12

PEG Ratio 0.17

ROA 24.16

ROE 27.79

Debt-Equity 0.03

Net Profit Margin 18.79

Operating Profit Margin 29.41

Mahanagar Gas Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	6,464.97	6,411.16	-	-	-
Total Expenses	4,743.37	5,355.62	-	-	-
Profit Before Tax	1,721.60	1,055.54	-	-	-
Profit After Tax	1,276.37	790.05	-	-	-
Operating Profit after Depreciation	1,734.90	1,064.93	-	-	-

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	4,365.92	3,025.70	-	-	-
Total Non Current Assets	5,473.69	4,026.09	-	-	-
Total Current Assets	1,907.60	2,006.22	-	-	-
TOTAL ASSETS	7,381.29	6,032.31	-	-	-
Total Shareholder's Fund	5,130.21	4,134.22	-	-	-

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	1,567.86	969.30	-	-	-
Net Cash used in Investing Activities	-1,057.15	-649.09	-	-	-
Net Cash used in Financing Activities	-499.24	-284.79	-	-	-

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	6,419.83	6,411.16	3,645.93	2,233.05	3,071.08
Total Expenses	4,687.07	5,355.62	2,839.67	1,399.44	2,087.54
Profit Before Tax	1,732.76	1,055.54	806.26	833.60	983.54
Profit After Tax	1,289.07	790.05	596.95	619.58	793.51
Operating Profit after Depreciation	1,744.29	1,064.93	813.79	840.80	990.06

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	3,542.96	3,025.70	2,613.73	2,169.32	2,049.19
Total Non Current Assets	5,364.99	4,026.09	3,388.69	2,846.84	2,622.83
Total Current Assets	1,861	2,006.22	1,845.11	1,754.30	1,505.20
TOTAL ASSETS	7,225.99	6,032.31	5,233.80	4,601.14	4,128.03
Total Shareholder's Fund	5,142.87	4,134.22	3,597.31	3,232.37	2,952.67

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	1,563.10	969.30	903.67	805.53	985.24
Net Cash used in Investing Activities	-1,266.75	-649.09	-539.05	-443.91	-754.84
Net Cash used in Financing Activities	-311.56	-284.79	-310.34	-348.80	-241.55

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	1,786.25	1,665.76	1,612.61	1,568.76	1,570.93
Total Expenses	1,372.83	1,229.01	1,217.57	1,120.07	1,092.05
Profit Before Tax	371.98	385.91	345.82	425.75	454.33
Profit After Tax	283.50	288.77	252.26	317.18	338.50
Operating Profit after Depreciation	460.35	472.40	439.17	496.76	522.59

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	1,711.62	1,589.63	1,567.05	1,568.76	1,570.93
Total Expenses	1,313.11	1,171.15	1,173.26	1,120.07	1,092.05
Profit Before Tax	373.11	383.69	357.01	425.75	454.33
Profit After Tax	282.80	284.53	264.99	317.18	338.50
Operating Profit after Depreciation	449.66	458.64	438.36	496.76	522.59

Mahanagar Gas Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 1,259.15

S2 1,240.75

S3 1,208.60

Pivot 1,291.30

R1 1,309.70

R2 1,341.85

R3 1,360.25

Moving Average

20 SMA 1,273.86

50 SMA 1,260.59

100 SMA 1,502.70

200 SMA 1,525.73

Mahanagar Gas Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

Mahanagar Gas Ltd

₹18/Share

Announcement Date 14 Aug 2024

Record Date 14 Aug 2024

Div Yield 180%

AGM Date: 24 Aug 2022

We wish to inform you that the 27th Annual General Meeting (AGM) of Mahanagar Gas Limited is scheduled to be held on Wednesday, August 24, 2022 at 1100 hours (IST) through Video Conferencing (VC)/ Other Audio Visual Means (OAVM). Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the Company will remain closed from Wednesday, August 17, 2022 to Wednesday, August 24, 2022 (both days inclusive) for the purpose of 27th Annual General Meeting and payment of dividend for the Financial Year 2021-22. The Record Date ('cut-off') for the purpose of 27th AGM and ascertaining eligibility of Final Dividend for the Financial Year 2021-2022 is Tuesday, August 16, 2022. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the newspaper advertisement of the Notice of 27th Annual General Meeting of the Company, Remote E-Voting Information and Book Closure. (As Per BSE Announcement Dated on 30/07/2022) In continuation to our letter dated 25th July, 2022, we wish to inform you that pursuant to the circulars issued by the Ministry of Corporate Affairs ('MCA') and Securities and Exchange Board of India (SEBI) and in compliance with the provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the 27th Annual General Meeting of the members of the Company was held today i.e. on Wednesday, August 24, 2022 at 11.00 A.M. through Video Conferencing, to transact the business as stated in the AGM Notice. We submit herewith the Proceedings of the 27th Annual General Meeting pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. (As Per BSE Announcement Dated on 24.08.2022) Pursuant to Regulation 44(3) of the Listing Regulations, and Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, we enclose herewith the following, in respect of the 27th Annual General Meeting (AGM) of the Company held on Wednesday, August 24, 2022 at 11:00 a.m. through Video Conferencing (VC)/ Other Audio Visual Means (OAVM), in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India. 1. Disclosure of the voting results of the businesses transacted at the 27th AGM as required under Regulation 44(3) of the SEBI Listing Regulations. 2. Combined report of the Scrutinizer on Remote e-voting and e-voting conducted at the 27th AGM, dated August 25, 2022, pursuant to Section 108 of the Companies Act, 2013. Request you to kindly take the same on record. (As Per BSE Announcement Dated on 25.08.2022) Mahanagar Gas Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Pursuant to Reg. 30 of SEBI (LODR) Reg., 2015 & in continuation to our letter dated 08.02.2022, we wish to inform that the shareholders at 27th AGM held through VC on 24.08.2022, approved the Appointment of M/s Deloitte Haskins & Sells LLP, Chartered Accountants (FRN: 117366W/W100018) as the Statutory Auditors of the Company for a term of 5 consecutive years commencing from conclusion of 27th AGM up to conclusion of 32nd AGM of the Company. The brief profile is as under: M/s Deloitte Haskins & Sells LLP, Chartered Accountants is registered with the Institute of Chartered Accountants of India (Registration No. 117366W/W100018). The Firm has around 2,500 professionals and staff. M/s Deloitte Haskins & Sells LLP has offices in Mumbai, Delhi, Kolkata, Chennai, Bangalore, Ahmedabad, Hyderabad, Coimbatore, Kochi, Pune, Jamshedpur & Goa. The registered office of the Firm is One International Center, Tower 3, 27th to 32nd Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai - 400013 (As Per BSE Announcement Dated on 26.08.2022)

AGM Date: 24 Aug 2023

AGM 24/08/2023 The 28th Annual General Meeting of the Company is scheduled to be held on Thursday, August 24, 2023 at 03:00 PM (IST) through Video Conferencing/ Other Audio Visual Means. The Record Date for the purpose of 28th AGM and ascertaining eligibility of Final Dividend for FY 2022-23 is Wednesday, August 16, 2023. (As Per BSE Announcement dated on 31.07.2023) Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the Proceedings of the 28th Annual General Meeting held today i.e. Thursday, August 24, 2023 at 03:00 p.m. through Video Conferencing. (As per BSE Announcement Dated on 24/08/2023) We submit herewith the Voting Results and Scrutinizer''s Report of 28th Annual General Meeting held on Thursday, August 24, 2023. (As per BSE Announcement Dated on 25/08/2023)

AGM Date: 23 Aug 2024

AGM 23/08/2024 Pursuant to Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report of the Company for the financial year 2023-24 along with Notice of the 29th Annual General Meeting ('AGM') which is being sent through electronic mode to the Members of the Company. Kindly take the above information on your records (As Per BSE Announcement dated on 01.08.2024) Proceedings of 29th Annual General Meeting. (As Per BSE Announcement dated on 23.08.2024)

Mahanagar Gas Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
Mahanagar Gas Ltd	₹1,277.90	₹12,622.81
GAIL (India) Ltd	₹179.95	₹1,18,318.92
Adani Total Gas Ltd	₹665.95	₹73,241.85
Petronet LNG Ltd	₹325.15	₹48,772.50
Gujarat Gas Ltd	₹499.15	₹34,360.99
Indraprastha Gas Ltd	₹395.55	₹27,688.53

Mahanagar Gas Ltd News

Mahanagar Gas to discuss results

On 28 January 2025

21 Jan 2025, 11:10 am

Mahanagar Gas Ltd gains for third straight session

Mahanagar Gas Ltd is quoting at Rs 1311.45, up 3.21% on the day as on 12:49 IST on the NSE. The stock is up 5.75% in last one year as compared to a 8.75% jump in NIFTY and a 1.95% jump in the Nifty Energy index.

10 Jan 2025, 01:05 pm

Gas stocks plunge as government cuts domestic gas allocation

Shares of five gas companies fell by 1.4% to 18.66% following the government's decision to reduce domestic gas allocation to city gas distributors by ~20% for the second straight month.

18 Nov 2024, 02:35 pm

Mahanagar Gas to undertake battery cell manufacturing with International Battery Co

Mahanagar Gas said that it will form a joint venture entity with International Battery Company for undertaking the manufacturing, promotion, marketing, distribution and sale of battery cells to customers in India.

08 Nov 2024, 09:39 am

Mahanagar Gas declines after weak Q2 performance

Mahanagar Gas slipped 3.64% to Rs 1487.65 after the company reported 16.5% fall in standalone net profit to Rs 282.8 crore despite a 9% rise in net revenue from operations to Rs 1,711.62 crore in Q2 FY25 over Q2 FY24.

25 Oct 2024, 10:04 am

Mahanagar Gas Ltd Stock Analysis

Annual revenue for Mahanagar Gas Ltd increased by 0.14% to ₹6,419.83 crore in FY 2024 from ₹6,411.16 crore in FY 2023.
Annual Net Profit for Mahanagar Gas Ltd increased by 63.16% to ₹1,289.07 crore in FY 2024 from ₹790.05 crore in FY 2023.
Promoter Shareholding in Mahanagar Gas Ltd remains unchanged by 0.00% in the most recent quarter, from 32.50% in June 2024 to 32.50% in September 2024.
Mahanagar Gas Ltd delivered a 1-year return of -2.65% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
Mahanagar Gas Ltd share price moved up by 0.21% from its previous close of INR ₹1,277.55. The latest Mahanagar Gas Ltd share price is INR ₹1,280.20.
Mahanagar Gas Ltd share price today has been at a low of 1,254.25 and a high of 1,287.55. Over the past 52 weeks, the Mahanagar Gas Ltd share price has seen a low of 1,075.25 and a high of 1,988.

About Mahanagar Gas Ltd

Mahanagar Gas Ltd (MGL), founded in 1995, is India's premier natural gas distribution company. It specialises in compressed and piped natural gas for domestic, commercial, and automotive sectors. Headquartered in Mumbai, Maharashtra, MGL offers a cleaner, more efficient alternative to traditional fuels, significantly reducing carbon emissions.

Over the years, the company has experienced substantial growth. It has expanded its network and customer base to become a key player in the natural gas industry. The company's commitment to promoting cleaner energy alternatives has positioned it as a critical contributor to India's efforts in reducing its carbon footprint.

Under the guidance of experienced managerial promoters, MGL continues to drive innovation and sustainability in the energy sector. These managerial promoters are

Sandeep Kumar Gupta
Ashu Shinghal
Sanjay Shende
Rajeev Bhaskar Sahi
Malvika Sinha

GAIL (India) Limited, a Maharatna company of the Government of India, is a significant promoter of MGL, holding a 32.50% stake. GAIL’s support contributes to MGL’s operations and growth in the natural gas sector. The company’s main products are CNG and PNG. They are cleaner fuel alternatives for vehicles, households, and industries. As a result, they help reduce pollution and provide cost-effective energy solutions.

While not currently the top-ranked stock in the industry, MGL maintains a strong market position and is known for its reliable and efficient services. The company’s registered office is in Mumbai, with the registrar’s office in LBS Marg, Vikhroli. MGL continues to expand its infrastructure to meet the growing demand for natural gas in the Mumbai Region and beyond.

Importance of Mahanagar Gas Limited

Mahanagar Gas Ltd (MGL) plays an important role in the energy sector, particularly in natural gas distribution. The company’s importance can be understood through its contributions to economic growth and public health. As a leading natural gas distributor, MGL provides a cleaner alternative to traditional fossil fuels. This significantly impacts various aspects of society.

One of the primary reasons MGL is important is its contribution to environmental sustainability. Natural gas is cleaner than coal and oil, producing fewer pollutants and greenhouse gases. MGL’s distribution of compressed natural gas and piped natural gas helps reduce the carbon footprint of the regions it serves. This shift towards cleaner energy sources is important in improving air quality. Using CNG in vehicles reduces emissions of harmful pollutants such as nitrogen oxides and particulate matter. This contributes to healthier urban environments.

Economic growth is another area where MGL’s impact is significant. The company supports the local economy by creating jobs and fostering industrial growth. The availability of reliable and affordable natural gas encourages industries to set up operations in the regions where MGL serves. This boosts industrial output and attracts investments, leading to overall economic development. Using natural gas as a fuel source can also lower business operational costs. This makes them more competitive in the global market.

Innovation and technological advancement are also areas where MGL has made significant contributions. The company continuously invests in modernising its infrastructure. It also adopts advanced technologies to improve efficiency and safety. This includes using smart metres, automated control systems, and advanced leak detection methods. These innovations not only enhance the reliability of gas supply but also ensure that MGL operates at the highest safety and efficiency standards.

MGL’s role in promoting energy security cannot be overlooked. Natural gas is a reliable and efficient energy source that can help reduce dependence on imported oil. This is particularly important for a country like India, which aims to achieve energy self-sufficiency. MGL’s extensive distribution network ensures a steady supply of natural gas. The company serves various residential, commercial, and industrial sectors. This reliability is important for maintaining an uninterrupted energy supply.

MGL’s importance extends to supporting government policies and initiatives promoting clean energy. The company’s operations align with national goals of reducing carbon emissions and increasing the use of natural gas in the energy mix. MGL’s efforts in expanding its network of natural gas usage support these policy objectives. This contributes to the country’s overall energy strategy.

Community engagement and corporate social responsibility are integral to MGL’s operations. The company actively participates in various CSR initiatives to improve the quality of life in its communities. These initiatives include educational programs and environmental conservation projects. MGL’s commitment to social responsibility underscores its role as a responsible corporate citizen dedicated to making a positive impact beyond its core business operations.

The company’s efforts in promoting natural gas as a cleaner and more efficient energy source are important. They play a key role in addressing some of the most pressing challenges of our time. MGL’s commitment to innovation and community engagement further enhances its importance. This makes it a key contributor to the sustainable development of the regions it serves. As a result, MGL plays a pivotal role in shaping a cleaner and more prosperous future through its comprehensive energy distribution approach.