Market closed · data as of 27 Aug 2026 · source NSE via Alphave. Open the live chart →
Mahanagar Gas is a city gas distribution company supplying compressed natural gas (CNG) to vehicles and piped natural gas (PNG) to domestic households, commercial establishments and industrial units in Mumbai, its adjoining Thane-Raigad areas, and newer geographical areas. CNG for automobiles is the dominant revenue driver, supported by a large network of CNG stations and a steadily expanding domestic PNG connection base. Margins are driven by the spread between allocated domestic gas/imported LNG costs and retail prices.
It is one of India's largest city gas distributors and the incumbent CGD player in the Mumbai metropolitan region, with GAIL as a promoter.
Mahanagar Gas Ltd. is a constituent of NIFTY 500, NIFTY ENERGY, NIFTY SMALLCAP 250. See where it sits on the market heatmap →
Consolidated annual figures taken from Mahanagar Gas Ltd.'s own filed statements — not estimates, and not restated by us. The most recent period shown is FY26 (year ended 31 Mar 2026).
| Metric | FY26 | FY25 | FY24 |
|---|---|---|---|
| EPS (basic, ₹) | 85.15 | 105.33 | 129.21 |
| Book value / share (₹) | 652.11 | 596.76 | 519.85 |
| Return on equity | 13.1% | 17.6% | 24.9% |
| Return on capital employed | 14.8% | 19.0% | 27.5% |
| Operating margin | 11.5% | 15.3% | 22.6% |
| Net margin | 9.3% | 13.0% | 18.5% |
| EBITDA | ₹1,451 Cr | ₹1,570 Cr | ₹1,844 Cr |
| Free cash flow | ₹87 Cr | ₹631 Cr | ₹678 Cr |
| Total debt | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Debt to equity | 0.00 | 0.00 | 0.00 |
| Interest coverage | 49.6 | 86.6 | 117.3 |
| Current ratio | 0.94 | 1.04 | 1.18 |
| Shares outstanding | 9,87,80,000 | 9,87,80,000 | 9,87,80,000 |
Open the full income statement, balance sheet and cash flow for MGL →
As disclosed for the quarter ended 30 Jun 2026.
Institutional ownership changes quarter to quarter. See daily FII and DII flows across the market →
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