Mahanagar Gas Limited share price

Key numbers

Market cap

₹ 10,582 Cr

Current price

₹ 1,071.30

52-week high / low

₹ 1,335 / 900

Stock P/E

14.8

Book value

₹ 650.7

Dividend yield

3.36%

ROCE

18.2%

ROE

13.7%

Debt to equity

0.03

Sales growth (3 yrs)

9.3%

Profit growth (3 yrs)

2.1%

1-year return

-18.1%

About Mahanagar Gas Limited

Mahanagar Gas Limited operates as a natural gas distribution company in India. The company supplies piped natural gas (PNG) to domestic households, domestic households, and commercial establishments and industries used for cooking and water heating, as well as by hospitals, nursing homes, hotels, flight kitchens, restaurants, and places of worship. It also supplies compressed natural gas (CNG) and liquefied natural gas (LNG) to vehicles; and sells pipes and fittings required for construction of pipeline infrastructure. The company operates 518 CNG stations connected to 32.14 lakh households; and 5,924 industrial and commercial customers through a pipeline network of 8320 kilometers comprising of carbon steel and polyethylene pipelines. Mahanagar Gas Limited was incorporated in 1995 and is based in Mumbai, India.

Quarterly results

Consolidated figures in ₹ crores

Concall summary (2026-08-07)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

• Once the war situation deescalates, the prices are expected to reduce over a period.
• Assuming that things come to a reasonable level and we are able to maintain the prices, then we do expect that growth should be i n the range of 8% to 9% only for CNG.

Growth & demand

• Coming to MGL's operations compared to the corresponding quarter of last year, average overall sales volume has increased from 4.456 to 4.766 mmscmd, which is an increase of 7.01% sales volume.
• Sales volume of the CNG has increased from 3.185 mmscmd to 3.496 mmscmd, which is an increase of 9.74%.

Margins & costs

• EBITDA from operation for the quarter is INR343 crores as compared to the previous quarter EBITDA of INR260 crores, an increase of 31.74%.
• It is a challenge of how do you have a better gas input cost and how do you realize better margin.

Capex & expansion

• The initiative has laid a strong foundation for sustained growth, improved infrastructure utilization and continued expansion of the PNG network while maintaining high safety standards and quality.
• And in line with that, our capex could see an increase of almost INR1,500 crores to INR1,800 crores, subject to availability of the manpower who does the ground level job.

Balance sheet & cash

• Yes, if I see the cash flow, the operating cash flow is around I think INR1,000 crores, INR1,100 crores.
• We have been broadly around INR30 per share has been paid out as dividend.

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