Mahanagar Gas Limited Share Price and Company Fundamentals
Last traded: Today at 10:00 AM
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.
Key Metrics
PE ratio
10.87
PB ratio
1.67
Dividend yield
2.74%
Beta
0.50
Market cap
₹103.65B
Enterprise value
₹93.01B
Company profile
| Industry / Sector | Utilities - Regulated Gas / Utilities |
|---|---|
| Full time employees | 579 |
| Website | https://www.mahanagargas.com |
| Mailing address | MGL House Block G-33 Bandra-Kurla Complex Bandra (East) Mumbai 400051 India |
| Phone / Fax | 91 22 6678 5000 / 91 22 2652 8925 |
Dividends
Dividend yield
2.74%
Dividend amount
₹30.00
Payout ratio
31.10%
5Y Avg. yield
-%
Mahanagar Gas Limited paid ₹30.00 dividend and the ex-dividend date was 13 Feb 2026.The dividend payout ratio is 31.10%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.MGL dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.
Company Executives
As of Mar 2026, following are the company executives and directors listed on Mahanagar Gas Limited.
| Name | Title | Age | Total Pay |
|---|---|---|---|
| Mr. Ashu Shinghal | MD & Director | ||
| Mr. Sanjay Yeshwantrao Shende | Deputy MD & Director | 60 | |
| Mr. Rajesh D. Patel | Chief Financial Officer | 54 | |
| Mr. Sitanshu Sekhar Roychowdhury | Vice President of Operation & Maintenance | ||
| Mr. Atul Trimbak Prabhu | AVP of Internal Audit, Company Secretary & Compliance Officer | ||
| Mr. Rajesh P. Wagle | Senior Vice President of Marketing | 59 | |
| Mr. Chakrapani Atmakur | Vice President of Human Resources & Corporate Social Responsibility | 58 | |
| Mr. T. L. Sharnagat | Senior VP of Contracts & Procurement and Chief Risk Officer | 55 | |
| Mr. Ajay Sinha | Deputy MD & Whole-Time Director | ||
| Mr. Gurvinder Singh Anand | Vice President of Projects | 54 |
Profitability and management effectiveness
Profit margin
11.68%
Operating margin
12.06%
Return on assets
-
Return on equity
-
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.
The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.
Valuation and Trading Info
The market capitalization of Mahanagar Gas Limited is 103.65B and its enterprise value is 93.01B. The enterprise value to revenue ratio of MGL is 1.14. The enterprise value to EBITDA ratio of MGL is 5.97.
The MGL's stocks Beta value is 0.50 making it 50% less volatile compared to NSE market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.
Mahanagar Gas Limited (NSE:MGL) Frequently Asked Questions
1. What is Mahanagar Gas Limited's Stock Symbol?
Mahanagar Gas Limited trades on NSE under the ticker symbol "MGL".
2. What is Mahanagar Gas Limited's stock price today?
One share of MGL stock can currently be purchased for approximately ₹1049.3.
3. How can I contact Mahanagar Gas Limited?
Mahanagar Gas Limited's mailing address is MGL House Block G-33 Bandra-Kurla Complex Bandra (East) Mumbai 400051 India. The company can be reached via phone at 91 22 6678 5000.
4. What is Mahanagar Gas Limited's official website?
The official website of Mahanagar Gas Limited is https://www.mahanagargas.com.