Indraprastha Gas Ltd (IGL) (NSE: IGL) and Mahanagar Gas Ltd (NSE: MGL) are both listed in the Oil and Gas Distribution industry. Indraprastha Gas has a market capitalisation of ₹18,609 Cr and Mahanagar Gas ₹10,252 Cr, as of 9 Nov 2026. Their P/E ratios are 12 and 12.2 respectively. Return on equity is 13.93% for Indraprastha Gas and 13.63% for Mahanagar Gas. Over one year, Indraprastha Gas's share price is down 33.3% and Mahanagar Gas's is down 12.3%.
| Metric | Indraprastha Gas | Mahanagar Gas |
|---|---|---|
| NSE Symbol | IGL | MGL |
| BSE Code | 532514 | 539957 |
| Share Price | ₹143.59 | ₹1,119.70 |
| Market Cap | ₹18,609 Cr | ₹10,252 Cr |
| P/E Ratio | 12 | 12.2 |
| Return on Equity | 13.93% | 13.63% |
| Return on Assets | 5.14% | 7.54% |
| Dividend Yield | 2.26% | 3.47% |
| Beta (1Y) | 0.51 | 0.9 |
| 1-Year Price Change | -33.3% | -12.3% |
| 3-Month Price Change | -5.6% | -0.3% |
| 52-Week Range | ₹125.63 – ₹218.38 | ₹900.00 – ₹1,263.50 |
| Latest Quarter | Q2 FY27 | Q2 FY27 |
| Quarterly Revenue | ₹5,615 Cr | ₹2,778 Cr |
| Quarterly Net Profit | ₹24 Cr | ₹135 Cr |
| Net Margin | 0.4% | 4.9% |
| EPS (Basic, Quarter) | ₹0.16 | ₹13.73 |
| Results Basis | consolidated | consolidated |
| Headquarters | New Delhi, Delhi | 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.
Indraprastha Gas Limited distributes and sells natural gas in India. It supplies compressed natural gas (CNG) to the transport sector; and piped natural gas to domestic, industrial, and commercial sectors. The company operates CNG stations, as well as steel pipeline and MDPE networks. It serves households; hotels, restaurants, malls, commercial complexes, educational/religious institutions, and hospitals; and metal, textiles, food and beverages, pharmaceuticals, chemical, auto and ancillary, and packaging industries. The company was incorporated in 1998 and is headquartered in New Delhi, India…
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…
Indraprastha Gas has a market capitalisation of ₹18,609 Cr, against ₹10,252 Cr for Mahanagar Gas as of 9 Nov 2026, about 1.8 times the size by market cap.
Indraprastha Gas has a P/E of 12 and Mahanagar Gas a P/E of 12.2 as of 9 Nov 2026.
Indraprastha Gas has a return on equity of 13.93% and Mahanagar Gas 13.63%.
Indraprastha Gas's share price is down 33.3% over one year and Mahanagar Gas's is down 12.3%.
Indraprastha Gas reported revenue of ₹5,615 Cr and net profit of ₹24 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.