Mahanagar Gas Limited

Web: mahanagargas.com NSE: MGL BSE: 539957 SECTOR: Oil Gas & Consumable Fuels - Gas

1073 9(-1%)

Volume

1L as on 22, Jul

Open

1,466

High

1,263

Low

1,231

1,082

VWAP

1,083

52 Week High

1,562

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)

10,602

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 Month13%

3 Months6%

6 Months3%

1 Year27%

YTD4%

Moving Average

5 Day SMA1,094

10 Day SMA1,106

20 Day SMA1,127

30 Day SMA1,140

50 Day SMA1,113

61 Day SMA1,119

80 Day SMA1,098

200 Day SMA1,134

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	1,119	1,088	1,111	1,116
Resistance 2	1,111	1,086	1,102	1,109
Resistance 1	1,096	1,084	1,096	1,093
Pivot Point	1,087	1,081	1,087	1,086
Support 1	1,073	1,079	1,079	1,070
Support 2	1,064	1,077	1,073	1,063
Support 3	1,049	1,075	1,064	1,046

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	RELIANCE	17,17,009	1269	1%	3%	8%	10%	18	21.9	0.45	95754
2	ONGC	3,17,300	252	2%	3%	3%	3%	7	21.9	0.47	49793
3	COALINDIA	2,62,471	426	0%	5%	1%	10%	9	21.9	0.12	31071
4	IOC	1,97,203	140	1%	2%	11%	7%	5	21.9	0.6	43677
5	BPCL	1,34,058	309	1%	2%	11%	9%	6	21.9	0.54	25843
6	GAIL	1,12,724	171	0%	2%	6%	7%	11	21.9	0.28	7582
7	HINDPETRO	81,740	384	0%	0%	8%	9%	0	21.9	0.85	18047
8	OIL	74,417	458	3%	7%	3%	0%	0	21.9	0.65	7551
9	ATGL	73,473	668	5%	7%	24%	5%	99	21.9	0.46	656
10	AEGISLOG	48,122	1371	2%	26%	105%	79%	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

#	Date	1030 22% 1252	Value (Cr)	Q/T 18	Del 42	Del 24
1	22-Jul	1082	11	11	51	6
2	21-Jul	1081	14	10	51	7
3	20-Jul	1091	18	10	62	11
4	17-Jul	1100	18	12	47	9
5	16-Jul	1113	14	10	44	6
6	15-Jul	1106	6	9	56	3
7	14-Jul	1123	15	12	38	6
8	13-Jul	1114	10	13	55	5
9	10-Jul	1126	14	9	53	7
10	9-Jul	1123	15	10	37	6
11	8-Jul	1094	23	14	49	11
12	7-Jul	1134	13	10	47	6
13	6-Jul	1126	17	9	56	9
14	3-Jul	1129	12	12	54	6
15	2-Jul	1143	23	13	51	12
16	1-Jul	1162	22	15	62	13
17	30-Jun	1174	44	14	30	13
18	29-Jun	1142	33	9	51	17
19	25-Jun	1175	18	11	53	9
20	24-Jun	1196	21	11	37	8
21	23-Jun	1220	20	11	48	10
22	22-Jun	1246	51	16	45	23
23	19-Jun	1209	29	18	59	17
24	18-Jun	1211	25	16	58	14
25	17-Jun	1209	66	18	37	24
26	16-Jun	1186	61	15	54	33
27	15-Jun	1139	29	12	49	14
28	12-Jun	1095	29	11	54	16
29	11-Jun	1061	10	10	47	5
30	10-Jun	1080	15	11	50	8
31	9-Jun	1059	21	11	43	9
32	8-Jun	1070	10	11	46	4
33	5-Jun	1089	33	12	52	17
34	4-Jun	1074	44	20	67	29
35	3-Jun	1081	12	7	49	6
36	2-Jun	1092	12	10	33	4
37	1-Jun	1077	47	28	15	7
38	29-May	1095	63	22	70	44
39	27-May	1103	10	12	52	5
40	26-May	1096	22	14	41	9
41	25-May	1075	20	11	51	10
42	22-May	1055	15	14	39	6
43	21-May	1054	13	10	48	6
44	20-May	1076	24	8	41	10
45	19-May	1059	17	10	39	7
46	18-May	1059	9	9	45	4
47	15-May	1088	28	14	32	9
48	14-May	1067	38	18	63	24

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	10,602c	66c	0.62
22-Jul	10,668c	10c	0.09
21-Jul	10,678c	188c	1.73
17-Jul	10,866c	146c	1.33
16-Jul	11,012c	10c	0.09
15-Jul	11,022c	104c	0.95
14-Jul	10,918c	145c	1.31
13-Jul	11,063c	53c	0.48
10-Jul	11,117c	14c	0.12
09-Jul	11,103c	257c	2.37
08-Jul	10,846c	356c	3.17
07-Jul	11,201c	89c	0.80
06-Jul	11,113c	281c	2.46
02-Jul	11,393c	253c	2.17
30-Jun	11,646c	98c	0.85
29-Jun	11,548c	100c	0.86
26-Jun	11,648c	56c	0.48
25-Jun	11,704c	150c	1.27
24-Jun	11,854c	242c	2.00
23-Jun	12,096c	237c	1.92
22-Jun	12,333c	380c	3.18
19-Jun	11,953c	52c	0.44
17-Jun	11,901c	186c	1.59
16-Jun	11,715c	484c	4.31
15-Jun	11,231c	390c	3.60
12-Jun	10,841c	307c	2.92
11-Jun	10,534c	65c	0.62
10-Jun	10,599c	0	0

Stock Checklist

Price is below from 52 week high low average: 48%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: NO

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 133 fund scheme(s) across 27 fund house(s) as of Jul26 · Total value ₹2,138 Cr · 9 increasing / 2 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
UTI Mutual Fund	16	1.05%	-	412.3
HDFC Mutual Fund	8	0.96%	-	387
ICICI Prudential Mutual Fund	10	0.38%	+0.13%	331
Aditya Birla Sun Life Mutual Fund	8	2.20%	-	300
Axis Mutual Fund	6	0.22%	-	215.5
PPFAS Mutual Fund	4	0.05%	-	93.8
Baroda BNP Paribas Mutual Fund	8	5.37%	-	69.5
Franklin Templeton Mutual Fund	2	1.41%	+0.06%	64.6
Tata Mutual Fund	4	1.82%	-	51.6
Sundaram Mutual Fund	2	1.13%	-	30
DSP Mutual Fund	8	0.64%	-	29.7
Bandhan Mutual Fund	8	42.38%	-	27.1
ICICI Prudential Asset Management Company Limited	1	0.26%	+0.26%	24.1
Mirae Asset Mutual Fund	8	0.14%	-	23.8
Nippon India Mutual Fund	4	0.27%	-	21.6
Mahindra Manulife Mutual Fund	2	0.72%	+0.01%	13.1
SBI Mutual Fund	4	0.18%	-	10.6
Motilal Oswal Mutual Fund	6	0.13%	-	9.3
LIC Mutual Fund	2	0.60%	-	8.1
Taurus Mutual Fund	2	0.97%	-0.06%	7.8
Edelweiss Mutual Fund	4	0.37%	-	4.2
Jio BlackRock Mutual Fund	1	0.33%	-	1.1
Groww Mutual Fund	4	0.18%	-	1
Navi Mutual Fund	6	0.71%	-	0.4
Kotak Mahindra Mutual Fund	2	0.31%	-0.01%	0.4
Zerodha Mutual Fund	1	0.16%	-	0
Angel One Mutual Fund	2	0.03%	-	0

Mahanagar Gas Limited

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