Gujarat Energy Limited (Gujarat Gas) (NSE: GUJENERGY) and Mahanagar Gas Ltd (NSE: MGL) are both listed in the Oil and Gas Distribution industry. Gujarat Energy has a market capitalisation of ₹20,173 Cr and Mahanagar Gas ₹10,252 Cr, as of 9 Nov 2026. Their P/E ratios are 10 and 12.2 respectively. Return on equity is 12.27% for Gujarat Energy and 13.63% for Mahanagar Gas. Over one year, Gujarat Energy's share price is down 44.1% and Mahanagar Gas's is down 12.3%.
| Metric | Gujarat Energy | Mahanagar Gas |
|---|---|---|
| NSE Symbol | GUJENERGY | MGL |
| BSE Code | 539336 | 539957 |
| Share Price | ₹227.70 | ₹1,119.70 |
| Market Cap | ₹20,173 Cr | ₹10,252 Cr |
| P/E Ratio | 10 | 12.2 |
| Return on Equity | 12.27% | 13.63% |
| Return on Assets | 4.54% | 7.54% |
| Dividend Yield | 4.14% | 3.47% |
| Beta (1Y) | 0.92 | 0.9 |
| 1-Year Price Change | -44.1% | -12.3% |
| 3-Month Price Change | -14.2% | -0.3% |
| 52-Week Range | ₹206.33 – ₹443.75 | ₹900.00 – ₹1,263.50 |
| Latest Quarter | Q2 FY27 | Q2 FY27 |
| Quarterly Revenue | ₹9,857 Cr | ₹2,778 Cr |
| Quarterly Net Profit | ₹490 Cr | ₹135 Cr |
| Net Margin | 5.0% | 4.9% |
| EPS (Basic, Quarter) | ₹5.32 | ₹13.73 |
| Results Basis | consolidated | consolidated |
| Headquarters | Gandhinagar, Gujarat | Mumbai, Maharashtra |
The figures sit side by side and are not ranked. Quarterly figures are in ₹ crore, parsed from each company's exchange filing (XBRL); the two companies' latest quarters can differ.
Gujarat Energy Limited engages in the distribution of natural gas in India. It operates a network of approximately 42,600 kilometers of natural gas pipeline and 828 compressed natural gas (CNG) stations. The company supplies piped natural gas to approximately 22.6 lakh households, approximately 15,600 commercial customers; and approximately 4,400 industrial customers, as well as operates 828 CNG stations. The company also owns wind power generation assets in Gujarat and operates a pilot project of blending green hydrogen. Additionally, it provides IT services for various e-governance initiativ…
Mahanagar Gas Limited operates as a natural gas distribution company in India. The company supplies piped natural gas (PNG) to domestic households for cooking and water heating, as well as for nursing homes, flight kitchens, and places of worship; commercial establishments, including hospitals, hotels, restaurants, and charitable trusts; and industries, such as metals, pharmaceuticals, printing and dyeing, food and beverages, oil mills, FMCG product manufacturers, power generation, and air-conditioning. It also provides compressed natural gas to transport sector. In addition, it engages in sal…
Gujarat Energy has a market capitalisation of ₹20,173 Cr, against ₹10,252 Cr for Mahanagar Gas as of 9 Nov 2026, about 2.0 times the size by market cap.
Gujarat Energy has a P/E of 10 and Mahanagar Gas a P/E of 12.2 as of 9 Nov 2026.
Gujarat Energy has a return on equity of 12.27% and Mahanagar Gas 13.63%.
Gujarat Energy's share price is down 44.1% over one year and Mahanagar Gas's is down 12.3%.
Gujarat Energy reported revenue of ₹9,857 Cr and net profit of ₹490 Cr for Q2 FY27. Mahanagar Gas reported revenue of ₹2,778 Cr and net profit of ₹135 Cr for Q2 FY27. Figures are parsed from each company's exchange filing.
Both are classified under Gas Utilities > Oil and Gas Distribution on FinBizNet.
No. The page lays the two companies' published figures side by side and draws no conclusion from them. It is descriptive market data, not investment advice.
Data as of 9 Nov 2026. Descriptive market data only — not investment advice.