Mahanagar Gas financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹2,599cr+13.9% on Q1 FY26
Net profit
₹193cr−39.4% on Q1 FY26
EBITDA margin
13.2%−8.8 pts on Q1 FY26
EPS
₹19.54−39.3% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue2,5992,282+13.9%
EBITDA343501−31.5%
EBITDA margin13.2%21.9%−8.8 pts
Profit before tax258432−40.2%
Net profit193318−39.4%
EPS₹19.54₹32.18−39.3%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹2,599 crNet profit₹193 crNet margin7.4%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
10,402————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
1,0931,0931,2061,1481,428
14.014.014.64.9—
9,323————
9,3829,0657,9796,9147,033
—+13.6%+15.4%−1.7%—
1,2931,4511,5701,844953
13.8%16.0%19.7%26.7%—
8701,0411,2181,560953
7158411,0401,276—
7.6%9.3%13.0%18.5%—
₹72.43₹85.15₹105.34₹129.21—
—−19.2%−18.5%——
—1,1621,8141,461969
—−1,076−1,184−783−713
86.786.7631678256
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

MGL₹1,053.00

Mahanagar Gas Ltd.

· Energy & Power
₹ CrorePeersIGLATGLMRPLAEGISVOPAKCHENNPETROCASTROLINDAEGISLOGPETRONETMcap ₹10,402 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————10,401.5
- Cash, Equiv & ST Investments1,427.71,148.11,206.01,092.81,092.8
+ Minority Interest—4.914.614.014.0
Enterprise Value————9,322.7
Revenue7,032.86,914.47,979.09,065.39,382.1
Growth %, YoY—-1.7+15.4+13.6—
EBITDA953.11,843.91,570.01,450.61,292.7
Margin %—26.6719.6816.0013.78
EBIT953.11,560.01,217.91,040.7869.9
Net Income—1,276.41,040.5840.6714.6
Margin %—18.4613.049.277.62
EPS, Adj (current shares)—129.21105.3485.1572.43
Growth %, YoY——-18.5-19.2—
Cash from Operations969.31,461.21,814.41,162.3—
Capital Expenditures-713.1-783.4-1,183.9-1,075.6—
Free Cash Flow256.2677.9630.586.786.7
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Mahanagar Gas financials and key ratios

Prices at the 30 October 2026 close · figures from the company's filings with NSE

Mahanagar Gas (NSE: MGL) had a market capitalisation of ₹10,357 crore at the 30 October 2026 close (₹1,048.50 a share), a PE ratio of 14.5 on the last four quarters' profit and a price-to-book ratio of 1.61. In FY26 its consolidated net profit was ₹841 crore on revenue of ₹9,065 crore; in Q1 FY27 (April–June 2026) it was ₹193 crore, down 39.3% year on year. It had no borrowings on 31 March 2026. Promoters held 32.50% of the shares on 30 September 2026.

Share price used
₹1,048.50 · 30 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Mahanagar Gas at a glance · consolidated

Market cap
₹10,357 Crat ₹1,048.50 · 30 Oct close
PE ratio (last 4 quarters)
14.512.3 on FY26 profit
Price to book (PB)
1.61book value ₹650.70 a share
ROE (FY26)
13.7%−5.2 pts vs FY25ROCE 15.5%
Debt to equity
0.00net cash ₹1,150 Cr
Promoter holding
32.50%unchanged vs 30 Jun 202630 September 2026
Dividend yield
2.86%₹30 a share in 12 months
Net worth
₹6,428 Cr+9.3% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
₹86.7 Cr−86.3% vs FY25

Questions

What is the Mahanagar Gas PE ratio today?

Mahanagar Gas' PE ratio is 14.5 at the 30 October 2026 close (₹1,048.50 a share): a market capitalisation of ₹10,357 crore divided by consolidated net profit of ₹715 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹841 crore) it is 12.3.

What is the Mahanagar Gas PB ratio (price to book value)?

Mahanagar Gas' price-to-book (PB) ratio is 1.61 at the 30 October 2026 close: a market capitalisation of ₹10,357 crore divided by shareholders' equity (book value) of ₹6,428 crore on 31 March 2026. That is a book value of ₹650.70 per share against a share price of ₹1,048.50.

What is the Mahanagar Gas net worth?

Mahanagar Gas' net worth — shareholders' equity in its consolidated balance sheet — was ₹6,428 crore on 31 March 2026, up 9.3% from ₹5,880 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹10,357 crore at the 30 October 2026 close.

What is the Mahanagar Gas market cap?

Mahanagar Gas' market capitalisation was ₹10,357 crore at the 30 October 2026 close: 9.88 crore shares at ₹1,048.50 each.

Is Mahanagar Gas debt free?

Yes. Mahanagar Gas had no borrowings on 31 March 2026 (consolidated balance sheet), and it held ₹1,150 crore of cash, bank balances and current investments.

What is the Mahanagar Gas EPS?

Mahanagar Gas' basic earnings per share (EPS) were ₹85.15 in FY26, against ₹105.33 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹72.42.

What is the Mahanagar Gas debt to equity ratio?

Mahanagar Gas' debt-to-equity ratio was 0.00 on 31 March 2026: no borrowings against total equity of ₹6,442 crore. A year earlier, on 31 March 2025, it was 0.00.

What is the Mahanagar Gas dividend in 2026 and its record date?

In 2026, Mahanagar Gas has declared two dividends totalling ₹30 a share: ₹12 (interim) with record date 13 February 2026 and ₹18 with record date 18 August 2026.

What is the Mahanagar Gas promoter holding?

Promoters held 32.50% of Mahanagar Gas on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the Mahanagar Gas ROE and ROCE?

In FY26, Mahanagar Gas' return on equity (ROE) was 13.7% and its return on capital employed (ROCE) was 15.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 18.9% and ROCE 20.2%.

What is the Mahanagar Gas book value per share?

Mahanagar Gas' book value per share was ₹650.70 on 31 March 2026: shareholders' equity of ₹6,428 crore divided by the 9.88 crore shares in issue, up 9.3% from ₹595.28 a year earlier. The share price at the 30 October 2026 close was ₹1,048.50.

What is the Mahanagar Gas shareholding pattern?

On 30 September 2026, Mahanagar Gas' shares were held by promoters 32.50%, foreign portfolio investors (FII/FPI) 23.46%, domestic institutions (DII) 22.26% (including mutual funds at 11.98%) and retail and other non-institutional investors 11.78%. Over the year, FII holding was down 0.14 percentage points from 23.60% and DII holding was down 0.63 percentage points from 22.89%.

What is the Mahanagar Gas dividend yield?

Mahanagar Gas' dividend yield is 2.86% at the 30 October 2026 close: dividends of ₹30 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,048.50. They were ₹18 on 18 August 2026 and ₹12 on 13 February 2026 (interim).

What is the Mahanagar Gas free cash flow?

In FY26, Mahanagar Gas generated ₹1,162 crore of cash from operations and spent ₹1,076 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹86.7 crore. In FY25 it was ₹631 crore.

What is the Mahanagar Gas revenue and profit in FY26?

In FY26 (April 2025–March 2026), Mahanagar Gas' consolidated net profit was ₹841 crore, down 19.2% from ₹1,041 crore in FY25, on revenue from operations of ₹9,065 crore (up 13.6%).

What are the Mahanagar Gas latest quarterly results?

Mahanagar Gas' latest results are for Q1 FY27 (April–June 2026), filed on 30 July 2026: consolidated net profit ₹193 crore, down 39.3% from ₹318 crore in Q1 FY26; revenue from operations ₹2,599 crore, up 13.9% year on year.

How does the Mahanagar Gas PE ratio compare with its peers?

At the 30 October 2026 closing prices, on FY26 net profit, Mahanagar Gas' PE ratio is 12.3, the lowest of the four: IGL 12.6, Adani Total Gas 89.6 and Mangalore Refinery & Petrochemicals 15.8, a peer average of 39.3. Each is the company's market capitalisation at that price divided by its FY26 net profit.

Mahanagar Gas vs IGL: how do they compare?

In FY26, Mahanagar Gas earned net profit of ₹841 crore on revenue of ₹9,065 crore, against ₹1,550 crore on ₹17,846 crore for IGL. Mahanagar Gas' operating margin was 11.5% (IGL 7.4%) and its return on equity 13.7% (IGL 14.0%). At the 30 October 2026 close, Mahanagar Gas' market capitalisation was ₹10,357 crore against ₹19,487 crore for IGL, and its PE ratio on FY26 profit 12.3 against 12.6.

When are the Mahanagar Gas next results?

Mahanagar Gas will announce its Q2 FY27 results (July–September 2026) on Tuesday, 3 November 2026, the date of the board meeting it has notified to the exchanges.

How does Mahanagar Gas compare with its peers?

On FY26 consolidated figures, against IGL, Adani Total Gas and Mangalore Refinery & Petrochemicals: Mahanagar Gas' operating margin of 11.5% is the second highest of the four (IGL 7.4%, Adani Total Gas 14.9%, Mangalore Refinery & Petrochemicals 4.5%; peer average 8.9%); its return on equity of 13.7% is the lowest of the four (IGL 14.0%, Adani Total Gas 14.5%, Mangalore Refinery & Petrochemicals 14.2%; peer average 14.2%); its revenue growth over three years of 8.8% a year is the second highest of the four (IGL 4.6% a year, Adani Total Gas 11.0% a year, Mangalore Refinery & Petrochemicals −5.5% a year; peer average 3.4% a year).

Where do these Mahanagar Gas figures come from?

From Mahanagar Gas' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.