Mahanagar Gas Limited

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

1047 5(1%)

Volume

76k as on 16, Oct

Open

1,466

High

1,263

Low

1,231

1,042

VWAP

1,051

52 Week High

1,314

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)

10,343

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

Rank/Sector Rank

#593/#19

Promoter Holding

32.5%

FII Holding

24.13%

DII Holding

21.01%

Price Chart

Price Performance

1 Week1%

1 Month2%

3 Months5%

6 Months3%

1 Year18%

YTD7%

Moving Average

5 Day SMA1,036

10 Day SMA1,039

20 Day SMA1,053

30 Day SMA1,064

50 Day SMA1,084

61 Day SMA1,086

80 Day SMA1,097

200 Day SMA1,093

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	1,074	1,052	1,064	1,072
Resistance 2	1,064	1,051	1,057	1,063
Resistance 1	1,056	1,049	1,052	1,054
Pivot Point	1,046	1,047	1,046	1,045
Support 1	1,038	1,046	1,039	1,036
Support 2	1,028	1,044	1,034	1,027
Support 3	1,020	1,042	1,028	1,018

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	RELIANCE	16,36,084	1209	3%	2%	10%	15%	18	21.7	0.45	95754
2	ONGC	2,83,836	226	0%	6%	21%	11%	7	21.7	0.47	49793
3	COALINDIA	2,51,131	408	1%	1%	4%	7%	9	21.7	0.12	31071
4	IOC	1,83,025	130	3%	3%	10%	15%	5	21.7	0.6	43677
5	BPCL	1,24,947	288	2%	3%	5%	13%	6	21.7	0.54	25843
6	GAIL	1,09,936	167	1%	1%	6%	6%	11	21.7	0.28	7582
7	HINDPETRO	73,899	347	6%	1%	7%	24%	0	21.7	0.85	18047
8	OIL	73,848	454	0%	9%	4%	9%	0	21.7	0.3	4455
9	ATGL	61,259	557	3%	1%	3%	7%	99	21.7	0.46	656
10	AEGISLOG	46,420	1322	2%	1%	107%	70%	0	21.7	0.12	944
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	1012 16% 1173	Value (Cr)	Q/T 15	Del 49	Del 17
1	21-Oct	1048	17	9	69	12
2	19-Oct	1042	6	7	59	3
3	16-Oct	1054	8	10	53	4
4	15-Oct	1047	11	6	54	6
5	14-Oct	1036	29	11	69	20
6	13-Oct	1022	25	16	80	20
7	12-Oct	1021	13	8	56	7
8	9-Oct	1043	14	8	58	8
9	8-Oct	1044	10	6	52	5
10	7-Oct	1042	8	7	49	4
11	6-Oct	1040	6	6	46	3
12	5-Oct	1044	7	5	53	4
13	1-Oct	1045	23	10	53	12
14	30-Sep	1058	23	7	49	11
15	29-Sep	1050	12	7	53	6
16	28-Sep	1049	14	8	53	8
17	25-Sep	1071	11	13	63	7
18	24-Sep	1080	6	8	57	3
19	23-Sep	1093	32	11	29	9
20	22-Sep	1067	25	18	70	18
21	21-Sep	1078	7	8	53	4
22	18-Sep	1082	21	16	58	12
23	17-Sep	1071	7	7	54	4
24	16-Sep	1080	11	6	47	5
25	15-Sep	1072	7	7	55	4
26	11-Sep	1084	8	8	58	5
27	10-Sep	1101	22	10	59	13
28	9-Sep	1084	17	23	78	13
29	8-Sep	1103	10	9	64	6
30	7-Sep	1092	11	9	56	6
31	4-Sep	1097	31	12	51	16
32	3-Sep	1066	9	9	57	5
33	2-Sep	1065	19	16	60	11
34	1-Sep	1078	22	12	34	7
35	31-Aug	1069	27	16	64	17
36	28-Aug	1093	30	9	64	19
37	27-Aug	1093	17	9	58	10
38	26-Aug	1115	10	13	45	5
39	25-Aug	1101	29	12	58	17
40	24-Aug	1128	28	13	51	15
41	21-Aug	1114	17	13	54	9
42	20-Aug	1138	26	23	45	12
43	19-Aug	1128	183	26	17	32
44	18-Aug	1111	31	14	56	17
45	17-Aug	1129	33	14	60	20
46	14-Aug	1139	27	14	40	11
47	13-Aug	1126	15	16	62	9
48	12-Aug	1118	6	11	72	4

Daily Market Cap

Date	Total Market Cap	Change	Chg %
21-Oct	10,343c	70c	0.68
19-Oct	10,273c	162c	1.55
17-Oct	10,435c	0	0
16-Oct	10,435c	113c	1.09
15-Oct	10,322c	200c	1.97
14-Oct	10,123c	18c	0.18
13-Oct	10,105c	46c	0.46
12-Oct	10,059c	252c	2.44
09-Oct	10,310c	22c	0.21
08-Oct	10,332c	59c	0.58
06-Oct	10,273c	80c	0.77
05-Oct	10,353c	99L	0.01
01-Oct	10,354c	48c	0.47
29-Sep	10,402c	11c	0.10
28-Sep	10,391c	230c	2.17
25-Sep	10,622c	156c	1.45
24-Sep	10,778c	296c	2.83
22-Sep	10,481c	124c	1.16
17-Sep	10,605c	258c	2.37
10-Sep	10,863c	55c	0.51
07-Sep	10,807c	13c	0.12
04-Sep	10,820c	0	0

Stock Checklist

Price is above from 52 week high low average: 36%

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 114 fund scheme(s) across 25 fund house(s) as of Oct26 · Total value ₹2,440 Cr · 38 increasing / 6 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
PPFAS Mutual Fund	4	0.29%	+0.04%	847.8
UTI Mutual Fund	14	0.99%	+0.05%	385.8
HDFC Mutual Fund	8	0.83%	+0.04%	348.8
Aditya Birla Sun Life Mutual Fund	4	0.93%	-0.03%	230.8
ICICI Prudential Mutual Fund	6	0.98%	+0.02%	173.2
Bandhan Mutual Fund	12	0.44%	+0.02%	139.7
Baroda BNP Paribas Mutual Fund	10	0.79%	+0.05%	71.1
Franklin Templeton Mutual Fund	2	1.35%	+0.04%	58.2
DSP Mutual Fund	8	0.86%	+0.02%	49.3
Tata Mutual Fund	4	1.65%	-	48
Sundaram Mutual Fund	2	1.15%	+0.05%	28
Nippon India Mutual Fund	4	0.26%	-0.01%	20.5
SBI Mutual Fund	4	0.20%	-0.01%	9.9
Motilal Oswal Mutual Fund	6	0.10%	-0.01%	8.7
Mahindra Manulife Mutual Fund	2	0.49%	+0.01%	8.5
Taurus Mutual Fund	2	0.90%	+0.03%	7.6
Edelweiss Mutual Fund	2	0.27%	-0.01%	1.5
Jio BlackRock Mutual Fund	1	0.27%	-0.01%	1.1
Groww Mutual Fund	4	0.10%	-0.01%	1
Navi Mutual Fund	6	0.28%	-	0.5
Kotak Mahindra Mutual Fund	2	0.26%	-0.01%	0.5
Axis Mutual Fund	2	0.03%	-	0.2
Angel One Mutual Fund	2	0.03%	-	0
Zerodha Mutual Fund	1	0.16%	-0.01%	0
Mirae Asset Mutual Fund	2	0.02%	-	0

Mahanagar Gas Limited

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