Mahanagar Gas Ltd

539957

Summary

Fair Value Assessment
Undervalued (17% Discount)
Fair ValueQ1,642.83UncertaintyHigh
Close Price1,361.30Sep 17, 2025
Market Closed
1,342.05
Price Down by 19.25 | 1.41 %
Previous Close
1,342.05
Day Range
1,338.00 – 1,371.55
Year Range
1,075.00 – 1,988.55
Bid / Ask
Market Cap
132.6 Bil
Volume / Average
9.6 k / 22.6 k
Beta (5-Year)
Shares Outstanding
98.78 Mil
Primary Exchange
Bombay Stock Exchange

Business Description
Mahanagar Gas Ltd is an India-based natural gas distribution company. It distributes natural gas through the City Gas Distribution network of pipelines. It distributes compressed natural gas (CNG) for use in vehicles and piped natural gas (PNG) for domestic household, commercial, and industrial use, and to transport sector customers as well. The company operates under the business segment of the sale of natural gas. Its business operations are principally carried out in India. The company generates revenue by selling natural gas, of which the sale of CNG accounts majorly for the total gas sales revenue.
Contact
Block No. G-33, Bandra-Kurla Complex MGL House, Mumbai, MH 400051
T +91 2266785000
www.mahanagargas.com opens in a new tab
Sector
Utilities
Industry
Utilities - Regulated Gas
Most Recent Earnings
Jun 30, 2025
Fiscal Year End
Mar 31, 2026
Employees
2,419

Key Metrics

This table shows 5 and 10 year data from the company's income statement sheet.
Income Statement (in Bil, except ratios)
06/30/2025
03/2025
03/2024
03/2023
03/2022
03/2021
Revenue
76.45 72.28 62.67 62.77 35.36 21.36
Revenue Growth %
19.55% 15.33% -0.17% 77.50% 65.56% -27.62%
Gross Profit
23.57 22.46 24.00 16.41 12.91 12.57
Gross Profit Margin %
30.84% 31.08% 38.29% 26.14% 36.50% 58.84%
Operating Income
12.75 12.24 15.71 9.62 7.40 7.70
Operating Margin %
16.68% 16.93% 25.06% 15.33% 20.92% 36.03%
EBIT
13.95 13.48 16.96 10.22 7.68 8.02
EBIT Margin %
18.25% 18.66% 27.07% 16.28% 21.71% 37.57%
EBITDA
17.60 17.00 19.70 12.53 9.64 9.76
EBITDA Margin %
23.02% 23.53% 31.44% 19.96% 27.26% 45.70%
Net Income
10.70 10.41 12.76 7.90 5.97 6.20
Net Profit Margin %
13.99% 14.40% 20.37% 12.59% 16.88% 29.01%
Basic EPS
108.28 105.33 129.21 79.98 60.43 62.72
Diluted EPS
108.28 105.33 129.21 79.98 60.43 62.72
Normalized EPS
101.78 98.83 123.20 77.02 59.43 61.00
Total Dividends per Share
30.00 30.00 28.00 25.50 23.50 34.50
This table shows 5 and 10 year data from the company's balance sheet.
Balance Sheet (in Bil, except ratios)
03/31/2025
03/2025
03/2024
03/2023
03/2022
03/2021
Total Assets
82.70 82.70 73.81 60.32 52.34 46.01
Total Liabilities
23.75 23.75 22.46 18.98 16.36 13.69
Total Debt
2.01 2.01 1.41 1.15 1.03 0.74
Total Equity
58.95 58.95 51.35 41.34 35.97 32.32
Cash And Cash Equivalents
1.52 1.52 1.29 1.18 0.82 0.28
Working Capital
0.71 0.71 2.08 4.45 5.18 6.43
Shares Outstanding (Mil)
98.78
Book Value Per Share
595.29 595.29 519.37 418.54 364.18 327.24
Total Debt To Equity
0.03 0.03 0.03 0.03 0.03 0.02
This table shows 5 and 10 year data from the company's cash flow statement.
Cash Flow Statement (in Bil, except ratios)
03/31/2025
03/2025
03/2024
03/2023
03/2022
03/2021
Cash From Operating Activities
14.06 14.06 15.68 9.69 9.04 8.06
Cash From Investing Activities
-10.52 -10.52 -10.82 -6.49 -5.39 -4.44
Cash From Financing Activities
-3.32 -3.32 -4.99 -2.85 -3.10 -3.49
Capital Expenditures
11.84 11.84 7.83 7.13 6.49 3.40
Free Cash Flow
1.60 1.60 6.88 2.43 0.89 4.05
Change in Cash
0.22 0.22 -0.13 0.35 0.54 0.13

Profile

Executives shows executive data in a table format includes information on Key Executives, Board of Directors.
Name (Age)
5-Year Trend
2021
2022
2023
2024
2025
Sanjay Shende (—) Director and Deputy Managing Director
Ashu Shinghal (—) Director and Managing Director
Total Compensation for all Key Executives
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
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Something went wrong.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
Oops!
Something went wrong.

Ownership

Ownership lists the Fund owners and Intitutional owners of the stock.
Name
Morningstar
Rating
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Current Shares
Change Amount
Change %
Date
Axis Small Cap Fund Reg Gr 1.17 0.57 1,157,462
0.00%
Aug 31, 2025
Vanguard Total Intl Stock Index Inv 0.82 0.00 810,611
0.00%
Jul 31, 2025
UTI Value fund Reg Gr 0.81 1.03 799,175
58,313
7.87%
Aug 31, 2025
Canara Robeco Small Cap Reg Gr 0.76 0.74 747,746
0.00%
Aug 31, 2025
Vanguard Emerging Mkts Stock Idx Inv 0.74 0.01 735,667
0.00%
Jul 31, 2025
Total (for Top 5) 4.30 4,250,661
58,313

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