Mahanagar Gas Limited

Web: mahanagargas.com NSE: MGL BSE: 539957 SECTOR: Oil Gas & Consumable Fuels - Gas | Add Note | View Notes

1095 29(3%)

Volume

84k as on 03, Sep

Open

1,466

High

1,263

Low

1,231

1,066

VWAP

1,070

52 Week High

1,378

52 Week Low

900

Viand Research Rating

Quality Score

0/100

Growth Score

24/100

Valuation Score

50/100

Momentum Score

0/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

10,820

No. of Shares

9.88

P/E

10.15

P/B

2.11

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

20.77

ROCE

Profit Growth

Listing Date

01-Jul-16

Promoter Holding

32.5%

FII Holding

24.13%

DII Holding

21.01%

Price Chart

Price Performance

1 Week2%

1 Month4%

3 Months1%

6 Months12%

1 Year17%

YTD5%

Moving Average

5 Day SMA1,074

10 Day SMA1,092

20 Day SMA1,110

30 Day SMA1,109

50 Day SMA1,114

61 Day SMA1,123

80 Day SMA1,112

200 Day SMA1,108

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	1,098	1,071	1,090	1,096
Resistance 2	1,090	1,069	1,083	1,089
Resistance 1	1,078	1,067	1,078	1,075
Pivot Point	1,070	1,065	1,070	1,069
Support 1	1,057	1,063	1,062	1,055
Support 2	1,050	1,061	1,057	1,048
Support 3	1,037	1,060	1,050	1,035

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	RELIANCE	17,95,227	1322	2%	1%	4%	4%	18	21.9	0.45	95754
2	ONGC	2,95,511	235	2%	2%	16%	0%	7	21.9	0.47	49793
3	COALINDIA	2,55,260	415	5%	1%	1%	7%	9	21.9	0.12	31071
4	IOC	1,94,224	138	0%	4%	23%	1%	5	21.9	0.6	43677
5	BPCL	1,37,940	318	1%	3%	15%	2%	6	21.9	0.54	25843
6	GAIL	1,13,532	173	1%	0%	6%	0%	11	21.9	0.28	7582
7	OIL	79,622	490	4%	8%	0%	24%	0	21.9	0.65	7551
8	HINDPETRO	76,006	357	3%	9%	15%	6%	0	21.9	0.85	18047
9	ATGL	67,666	615	5%	8%	25%	3%	99	21.9	0.46	656
10	AEGISLOG	44,823	1277	1%	7%	90%	84%	0	21.9	0.69	1107
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%	(0.01) 32.50%
FIIs	(-0.81) 24.13%	(1.31) 24.89%	(-1.91) 23.59%	(1.71) 25.48%	(-2.01) 23.76%	(-8.51) 25.75%	(2.71) 34.20%	(0.91) 31.49%	(-0.31) 30.54%	(0.31) 30.85%	(-1.91) 30.51%	(1.41) 32.38%	(1.21) 30.95%	(1.41) 29.73%	(2.61) 28.37%	(0.81) 25.81%	(-0.31) 24.98%	(-4.11) 25.32%	(0.01) 29.38%
DIIs	(0.21) 21.01%	(-2.11) 20.83%	(0.41) 22.89%	(-1.31) 22.52%	(2.71) 23.82%	(5.61) 21.10%	(-1.21) 15.46%	(-0.71) 16.67%	(0.21) 17.40%	(1.11) 17.23%	(1.01) 16.10%	(0.21) 15.15%	(-0.71) 14.93%	(0.01) 15.61%	(-0.51) 15.58%	(-1.31) 16.06%	(-1.71) 17.34%	(1.31) 19.05%	(0.01) 17.80%
Government	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%
Public	12.34%	11.79%	11.01%	9.50%	9.92%	10.64%	7.84%	9.32%	9.55%	9.43%	10.89%	9.96%	11.60%	12.15%	13.56%	15.63%	15.18%	13.13%	10.32%
No. of Shareholders	184,373	179,761	178,576	166,589	167,650	173,905	142,738	147,540	149,718	141,617	153,582	154,383	167,717	181,222	199,724	214,250	218,221	192,455	164,038

Quarterly Results

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022
Sales	2052	2060	2050	2083	1964	1847	1786	1666	1613	1569	1571	1538	1610	1671
Sales Growth % (YoY)	4.5%	11.5%	14.8%	25%	21.8%	17.8%	13.7%	8.3%	0.1%	-6.1%	-	-	-	-
Sales Growth % (QoQ)	-0.4%	0.5%	-1.6%	6.1%	6.3%	3.4%	7.2%	3.3%	2.8%	-0.1%	2.1%	-4.5%	-3.7%	-
Expenses	1794	1709	1714	1583	1570	1523	1373	1229	1218	1120	1092	1017	1221	1415
Operating Profit	258	351	336	500	394	325	413	437	395	449	479	521	390	256
OPM %	13	17	16	24	20	18	23	26	24	29	30	34	24	15
Other Income	29	30	29	32	42	42	47	36	44	48	44	39	34	32
Interest	5	6	5	5	4	3	3	3	6	3	2	3	2	2
Depreciation	106	104	104	96	93	91	84	83	81	68	66	62	64	59
Profit before tax	176	271	256	431	339	272	373	386	352	426	454	496	357	227
Tax %	26	26	25	26	27	19	23	25	26	26	25	26	25	24
Net Profit	130	201	191	319	247	221	287	289	261	317	338	368	269	172
Net Profit Growth % (QoQ)	-35.3%	5.2%	-40.1%	29.1%	11.8%	-23%	-0.7%	10.7%	-17.7%	-6.2%	-8.2%	36.8%	56.4%	-
Net Profit Growth % (YoY)	-47.4%	-9%	-33.4%	10.4%	-5.4%	-30.3%	-15.1%	-21.5%	-3%	84.3%	-	-	-	-
TTM Net Profit	841	958	978	1074	1044	1058	1154	1205	1284	1292	1147	809	441	0
EPS in Rs	13.15	20.36	19.37	32.26	25.01	22.4	29.03	29.24	26.38	32.11	34.27	37.3	27.21	17.42

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Sales	8246	7264	6290	6299
Sales Growth %	13.5%	15.5%	-0.2%	-
Expenses	6800	5695	4446	5115
Operating Profit	1446	1569	1844	1184
OPM %	18	22	29	19
Other Income	120	167	175	112
Interest	21	14	13	9
Depreciation	410	352	277	231
Profit before tax	1135	1370	1728	1056
Tax %	26	24	26	25
Net Profit	841	1040	1285	790
Net Profit Growth %	-19.1%	-19.1%	62.7%	-
EPS in Rs	85.15	105.34	130.06	79.98
Dividend Payout %	0	28	23	20

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Cash from Operating Activity	1162	1406	1568	969
Cash from Investing Activity	-888	-1052	-1057	-649
Cash from Financing Activity	-369	-332	-499	-285
Net Cash Flow	-95	22	11	35

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023
Equity Capital	99	99	99	99	99	99
Reserves	6329	6110	5781	5430	5040	4035
Borrowings	223	221	201	154	141	115
Other Liabilities	2331	2235	2189	2273	1974	1783
Total Liabilities	8981	8665	8270	7956	7253	6032
Fixed Assets	5392	5033	4854	4542	4235	3026
CWIP	1270	1172	1068	898	823	709
Investments	1148	1218	1162	1318	1069	1310
Other Assets	1171	1242	1186	1198	1126	988
Total Assets	8981	8665	8270	7956	7253	6032

Delivery

Delivery Data: MGL

#	Date	1062 14% 1211	Value (Cr)	Q/T 20	Del 52	Del 34
1	4-Sep	1097	31	12	51	16
2	3-Sep	1066	9	9	57	5
3	2-Sep	1065	19	16	60	11
4	1-Sep	1078	22	12	34	7
5	31-Aug	1069	27	16	64	17
6	28-Aug	1093	30	9	64	19
7	27-Aug	1093	17	9	58	10
8	26-Aug	1115	10	13	45	5
9	25-Aug	1101	29	12	58	17
10	24-Aug	1128	28	13	51	15
11	21-Aug	1114	17	13	54	9
12	20-Aug	1138	26	23	45	12
13	19-Aug	1128	183	26	17	32
14	18-Aug	1111	31	14	56	17
15	17-Aug	1129	33	14	60	20
16	14-Aug	1139	27	14	40	11
17	13-Aug	1126	15	16	62	9
18	12-Aug	1118	6	11	72	4
19	11-Aug	1134	12	14	64	8
20	10-Aug	1124	35	16	64	23
21	7-Aug	1140	60	34	86	52
22	6-Aug	1124	21	11	61	13
23	5-Aug	1115	12	9	51	6
24	4-Aug	1112	18	12	59	11
25	3-Aug	1116	16	11	48	8
26	31-Jul	1120	94	18	36	34
27	30-Jul	1118	340	24	19	65
28	29-Jul	1105	20	13	62	13
29	28-Jul	1079	8	12	61	5
30	27-Jul	1098	11	8	53	6
31	24-Jul	1077	9	8	42	4
32	23-Jul	1067	6	6	53	3
33	22-Jul	1082	11	11	51	6
34	21-Jul	1081	14	10	51	7
35	20-Jul	1091	18	10	62	11
36	17-Jul	1100	18	12	47	9
37	16-Jul	1113	14	10	44	6
38	15-Jul	1106	6	9	56	3
39	14-Jul	1123	15	12	38	6
40	13-Jul	1114	10	13	55	5
41	10-Jul	1126	14	9	53	7
42	9-Jul	1123	15	10	37	6
43	8-Jul	1094	23	14	49	11
44	7-Jul	1134	13	10	47	6
45	6-Jul	1126	17	9	56	9
46	3-Jul	1129	12	12	54	6
47	2-Jul	1143	23	13	51	12
48	1-Jul	1162	22	15	62	13
49	30-Jun	1174	44	14	30	13
50	29-Jun	1142	33	9	51	17

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	10,820c	276c	2.61
03-Sep	10,545c	174c	1.62
01-Sep	10,718c	73c	0.69
31-Aug	10,645c	166c	1.53
27-Aug	10,811c	190c	1.72
26-Aug	11,001c	125c	1.14
25-Aug	10,876c	236c	2.12
24-Aug	11,113c	67c	0.60
21-Aug	11,180c	45c	0.40
19-Aug	11,135c	132c	1.20
18-Aug	11,003c	199c	1.77
17-Aug	11,201c	59c	0.53
14-Aug	11,261c	59c	0.53
13-Aug	11,201c	188c	1.70
12-Aug	11,014c	167c	1.49
11-Aug	11,181c	22c	0.19
10-Aug	11,159c	12c	0.11
06-Aug	11,147c	133c	1.21
04-Aug	11,014c	48c	0.44
03-Aug	11,062c	63c	0.57
31-Jul	10,999c	20c	0.18
30-Jul	10,979c	242c	2.25
29-Jul	10,737c	89c	0.83
28-Jul	10,648c	139c	1.29
27-Jul	10,788c	120c	1.12
24-Jul	10,668c	0	0

Stock Checklist

Price is above from 52 week high low average: 41%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 127 fund scheme(s) across 26 fund house(s) as of Aug26 · Total value ₹2,359 Cr · 22 increasing / 48 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
PPFAS Mutual Fund	4	0.15%	+0.12%	444.8
UTI Mutual Fund	14	0.98%	-0.03%	408.6
HDFC Mutual Fund	8	0.83%	-0.06%	369.4
Aditya Birla Sun Life Mutual Fund	8	0.93%	-0.03%	272.4
ICICI Prudential Mutual Fund	10	0.17%	-0.13%	229.9
Axis Mutual Fund	4	0.36%	-0.09%	219.3
Bandhan Mutual Fund	14	0.25%	+0.16%	76.4
Baroda BNP Paribas Mutual Fund	10	0.78%	+0.05%	75.3
Franklin Templeton Mutual Fund	2	1.34%	-0.07%	61.6
DSP Mutual Fund	8	0.94%	+0.28%	52.3
Tata Mutual Fund	4	1.70%	-0.13%	50.9
Sundaram Mutual Fund	2	1.14%	+0.01%	29.6
Nippon India Mutual Fund	4	0.28%	-0.02%	22.2
Mahindra Manulife Mutual Fund	2	0.75%	-	13.1
SBI Mutual Fund	4	0.21%	-0.02%	10.7
Motilal Oswal Mutual Fund	6	0.11%	-0.02%	9.4
Taurus Mutual Fund	2	1.04%	+0.07%	8.4
Edelweiss Mutual Fund	2	0.30%	-0.01%	1.6
Jio BlackRock Mutual Fund	1	0.30%	-0.03%	1.2
Groww Mutual Fund	4	0.10%	-0.02%	1
Navi Mutual Fund	6	0.29%	-0.10%	0.4
Kotak Mahindra Mutual Fund	2	0.29%	-0.01%	0.4
Angel One Mutual Fund	2	0.03%	-	0
Mirae Asset Mutual Fund	2	0.04%	-	0
Zerodha Mutual Fund	1	0.20%	-	0
ICICI Prudential Asset Management Company Limited	1	0.00%	-0.26%	0

Mahanagar Gas Limited

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