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Mahanagar Gas Ltd

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Mahanagar Gas Ltd

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UtilitiesGas, Water and Multi-utilities
  • Price (INR)1,101.20
  • Today's Change-101.80 / -8.46%
  • Shares traded1.08m
  • 1 Year change-9.22%
  • Beta1.2042
Data delayed at least 15 minutes, as of Mar 04 2026 10:01 GMT.
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About the company

Mahanagar Gas Limited is an India-based natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane and Raigad districts of Maharashtra. It operates through the selling of the natural gas segment. It offers PNG for domestic, commercial and industrial purposes. Its domestic PNG is used for various purposes, like cooking and water heating. It is also used by hospitals, nursing homes, hotels, flight kitchens, restaurants, places of worship and others. It offers PNG for various industries, including metal, pharmaceuticals, food and beverages, printing and dyeing, oil mills, power generation and air conditioning. It supplies CNG to Brihanmumbai Electricity Supply and Transport/Thane Municipal Transport/Maharashtra State Road Transport Corporation/Navi Mumbai Municipal Transport (BEST/TMT/MSRTC/NMMT) buses, light commercial vehicles (LCVs)/ tempos/ trucks/private buses. It also installs gas geysers.

  • Revenue in INR (TTM)89.59bn
  • Net income in INR9.57bn
  • Incorporated1995
  • Employees579.00
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Anhui Province Natural Gas Develp Co Ltd71.51bn4.16bn67.09bn1.23k15.751.38--0.93810.60690.606910.546.910.7215111.4737.054,354,790.004.204.805.896.2711.809.755.824.800.648481.800.374741.63-5.006.81-3.308.2422.3618.47
Shizuoka Gas Co Ltd117.42bn5.86bn68.65bn1.46k11.580.8865.850.5847133.36133.362,670.281,742.721.1011.839.65--5.826.117.307.8822.44--5.294.881.76--0.114825.21-0.509310.6514.4922.0626.7320.39
Bestsun Energy Co Ltd70.61bn4.48bn85.14bn1.94k17.441.34--1.210.27290.27294.543.550.67915.5821.082,722,747.004.325.456.858.0014.2518.506.379.060.369325.240.396588.64-2.540.8426-13.41-15.22-10.28-11.17
K&O Energy Group Inc53.31bn4.89bn86.81bn663.0016.781.339.581.63312.87312.873,410.923,950.020.73928.608.81--7.475.798.606.7723.8520.4010.117.054.10--0.00818.24-1.159.3435.8724.1211.9214.04
Henan Lantian Gas Co Ltd56.29bn4.19bn89.71bn1.67k22.382.06--1.590.42040.42045.724.570.711917.1721.442,531,424.005.359.227.1013.6915.8919.947.5211.280.856218.910.30176.06-3.875.53-16.989.08-4.90--
Shanxi Guoxin Energy Corp Ltd209.49bn-4.62bn91.07bn6.04k--1.71--0.4347-0.18-0.188.132.170.597733.7611.572,601,692.00-0.9416-0.8048-1.37-1.486.6712.19-1.58-1.660.54720.84790.7783---6.128.17-545.28---22.38--
Rukun Raharja Tbk PT24.01bn2.20bn106.19bn733.0048.305.6921.684.4295.2395.231,040.17808.370.6759216.159.526,485,089,000.008.055.8110.597.5128.4124.5311.909.342.206.730.405553.6824.9015.81-0.212534.96-0.12357.90
Zhongyu Energy Holdings Ltd150.88bn1.80bn111.83bn5.14k62.051.2511.780.74120.05560.05564.612.770.487611.004.842,485,934.000.71082.471.344.3812.0016.291.465.200.47322.210.607129.58-1.2610.59-40.67-19.39-15.46-22.16
Mahanagar Gas Ltd89.59bn9.57bn119.25bn579.0012.45--8.811.3396.9396.93906.99--------154,728,800.00--14.77--19.51----10.6815.45--50.20--22.9215.4019.57-19.007.1522.038.45
Chongqing Gas Group Corp Ltd138.40bn3.44bn133.69bn3.56k39.011.75--0.9660.16460.16466.633.660.9523139.0912.052,917,584.002.684.384.316.567.519.742.814.880.6616--0.138840.52-0.96377.64-23.23-0.9889-8.020.2342
Chengdu Gas Group Corp Ltd69.96bn6.47bn134.35bn2.56k20.762.09--1.920.54590.54595.905.430.62344.5649.602,048,469.006.167.0310.5411.8317.58--9.8910.631.25--0.008153.401.951.82-7.101.61-19.584.18
Gas Malaysia Bhd171.15bn8.90bn150.06bn704.0016.854.1212.870.87680.29730.29735.711.211.99--9.42--10.3411.4817.3021.649.058.035.204.99----0.290572.27-8.801.87-13.5212.4120.08-0.7418
Gujarat State Petronet Ltd170.77bn10.52bn168.78bn252.0016.04--7.260.988418.6518.65302.64--------677,658,800.00--12.77--19.8124.5926.569.2812.50--29.38--14.000.95277.70-33.05-8.476.7920.11
Towngas Smart Energy Co Ltd250.62bn19.13bn176.68bn23.56k9.240.58684.910.7050.44130.44135.536.950.390329.8511.46868,943.303.293.205.264.9425.3226.008.428.760.5499--0.408237.637.4210.522.004.1910.561.30
Data as of Mar 04 2026. Currency figures normalised to Mahanagar Gas Ltd's reporting currency: Indian Rupee INR

Institutional shareholders

20.47%Per cent of shares held by top holders
HolderShares% Held
Life Insurance Corporation of India (Investment Portfolio)as of 30 Jun 20256.67m6.75%
The Vanguard Group, Inc.as of 31 Jan 20262.24m2.27%
Eastspring Investments (Singapore) Ltd.as of 28 Nov 20252.14m2.17%
UTI Asset Management Co. Ltd. (Investment Management)as of 31 Jan 20261.76m1.79%
APG Asset Management NVas of 31 Dec 20241.38m1.40%
Aditya Birla Sun Life Amc Ltd. (Investment Management)as of 31 Jan 20261.32m1.34%
HDFC Asset Management Co. Ltd. (Invt Mgmt)as of 31 Jan 20261.25m1.27%
Robeco Institutional Asset Management BVas of 30 Jan 20261.23m1.24%
Axis Asset Management Co. Ltd.as of 31 Jan 20261.16m1.18%
Bajaj Allianz Life Insurance Co. Ltd.as of 30 Jun 20251.07m1.08%
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Data from 31 Dec 2025 - 15 Feb 2026Source: FactSet Research Systems Inc.
Data Provided by LSEG
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