Mahanagar Gas Ltd (NSE: MGL, BSE: 539957) is a Mumbai, Maharashtra-based company in the Oil and Gas Distribution industry. With a market capitalisation of ₹10,411 Cr, it ranks #576 by market cap among the 6,137 Indian listed companies on FinBizNet, and #5 of 7 in Oil and Gas Distribution. At ₹1,023.10 (as of 25 Oct 2026), the share price is 22.1% below its 52-week high of ₹1,314.00 and 13.7% above its 52-week low of ₹900.00. The share price is down 21.2% over one year and down 5.0% over three months.
| Current Price | ₹1,023.10 |
|---|---|
| Market Cap | ₹10,411 Cr |
| NSE Symbol | MGL |
| BSE Code | 539957 |
| Sector | Utilities > Power Utilities > Gas Utilities |
| Sub-Industry | Gas Utilities > Oil and Gas Distribution |
| P/E Ratio | 12.2 |
| Return on Equity | 13.63% |
| Return on Assets | 7.54% |
| 52-Week Range | ₹900.00 – ₹1,314.00 |
| 1-Year Price Change | -21.2% |
| 3-Month Price Change | -5.0% |
| Beta (1Y) | 0.91 |
| Dividend Yield | 3.45% |
| Headquarters | Mumbai, Maharashtra |
| Website | www.mahanagargas.com |
| Revenue | ₹2,599 Cr |
|---|---|
| Net Profit | ₹193 Cr |
| Net Margin | 7.4% |
| EPS (Basic) | ₹19.54 |
| Basis | consolidated |
Figures in ₹ crore, parsed from the company's exchange filing (XBRL).
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 sale of pipes and fittings required for construction of pipeline infrastructure. Further, the company supplies liquefied natural gas to heavy motor vehicles. The company operates 385 CNG filling stations with 2,399 dispensing points; 652 kilometers of steel pipeline; and 6887 kilometers of poly-ethylene pipeline. Mahanagar Gas Limited was incorporated in 1995 and is based in Mumbai, India.
1. Selling and Distribution of Natural Gas-This segment distributes natural gas. 2. 0-0 3. 0-0 4. 0-0
1. Selling and Distribution of Natural Gas-100%
| Company | Market Cap | P/E | ROE | Latest Qtr Revenue | 1Y Change |
|---|---|---|---|---|---|
| Gail (India) Ltd | ₹1,10,527 Cr | 14.5 | 8.69% | ₹41,350 Cr | -8.5% |
| Adani Total Gas Limited | ₹63,717 Cr | 96.1 | 14.46% | ₹2,110 Cr | -14.8% |
| Gujarat Energy Limited (Gujarat Gas) | ₹20,887 Cr | 10.2 | 12.27% | ₹9,771 Cr | -49.7% |
| Indraprastha Gas Ltd (IGL) | ₹20,028 Cr | 12.9 | 13.93% | ₹5,043 Cr | -33.7% |
| Mahanagar Gas Ltd | ₹10,411 Cr | 12.2 | 13.63% | ₹2,599 Cr | -21.2% |
| Irm Energy | ₹1,060 Cr | 19.4 | 5.46% | ₹355 Cr | -30.4% |
| Positron Energy Limited | ₹166 Cr | 8.2 | — | — | — |
Listed by market capitalisation. Ratios are shown for context only.
Mahanagar Gas Ltd is trading at ₹1,023.10, with a market capitalisation of ₹10,411 Cr.
Mahanagar Gas Ltd operates in the Utilities > Power Utilities > Gas Utilities space (Gas Utilities > Oil and Gas Distribution).
Mahanagar Gas Ltd has a P/E of 12.2 and a return on equity of 13.63%.
Mahanagar Gas Ltd is listed on the NSE under the symbol MGL and on the BSE under the scrip code 539957.
Mahanagar Gas Ltd's share price is down 21.2% over one year and down 5.0% over three months. Its 52-week range is ₹900.00 to ₹1,314.00.
In Q1 FY27, Mahanagar Gas Ltd reported revenue of ₹2,599 Cr and net profit of ₹193 Cr, with basic EPS of ₹19.54 (consolidated, parsed from the company's exchange filing).
Data as of 25 Oct 2026. Descriptive market data only — not investment advice.