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Clear AllValue Research Rating
Quality Score 
0/0
Growth Score
0/0
Valuation Score
0/0
Momentum Score
0/0
Today’s Range
52 Week Range
Liquidity
Market cap
₹9,927 Cr
Revenue (TTM)
₹8,959 Cr
Net Profit (TTM)
₹957 Cr
ROE
18.9 %
ROCE
25.1 %
P/E Ratio
10.4
P/B Ratio
1.5
Industry P/E
13.84
EV/EBITDA
5.7
Div. Yield
3 %
Debt to Equity
0
Book Value
₹649
EPS
₹96.9
Face value
10
Shares outstanding
98,777,778
CFO
₹8,925.45 Cr
EBITDA
₹10,318.78 Cr
Net Profit
₹6,853.80 Cr
|
Company
|
YTD
|
1 Month
|
3 Months
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|---|---|---|---|---|---|---|---|
|
Mahanagar Gas
| -12.0 | -11.6 | -10.8 | -24.5 | 0.5 | -2.2 | -- |
|
*
| -- | -- | -- | -- | -- | -- | -- |
|
Company
|
2025
|
2024
|
2023
|
2022
|
2021
|
2020
|
2019
|
|---|---|---|---|---|---|---|---|
|
Mahanagar Gas
| -11.4 | 6.7 | 43.2 | -2.9 | -18.6 | -0.5 | 16.7 |
|
BSE Small Cap
| -6.6 | 29.0 | 47.5 | -1.8 | 62.8 | 32.1 | -6.8 |
|
| -5.0 | 12.9 | 32.6 | 22.2 | 64.4 | -0.4 | -7.3 |
Is there a threat to the company's solvency?
Can creative accounting be detected through the financial numbers?
How did the company perform in the last one year?
5Y Avg -- 3Y Avg -- TTM --
P/E Ratio
--
--Min --Median --Max
P/B Ratio
--
--Min --Median --Max
Earnings Yield (%)
--
Earnings Yield (%) = EBIT / Enterprise value
PEG Ratio
--
Price = Price / Earnings to growth ratio
Company |
Price (₹) | Market Cap (₹ Cr) | Revenue (TTM) | Net Profit (TTM) | OPM (%) | ROE (%) | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
|
Mahanagar Gas
|
1,000.0 | 9,927.2 | 8,958.8 | 961.4 | 13.3 | 15.8 | 10.4 | 1.5 |
| 556.2 | 61,111.0 | 6,167.3 | 626.0 | 15.0 | 14.7 | 95.2 | 13.1 | |
| 144.3 | 94,878.7 | 1,42,940.0 | 7,279.9 | 6.6 | 9.9 | 11 | 1.1 | |
| 354.3 | 24,341.5 | 16,198.4 | 1,158.7 | 8.2 | 13.5 | 20.9 | 2.7 | |
| 256.8 | 14,373.3 | 17,077.0 | 1,609.2 | 10.5 | 8.9 | 13.7 | 1.2 | |
| 153.7 | 21,539.0 | 17,602.5 | 1,314.9 | 8.0 | 15.2 | 12.9 | 1.9 | |
| 64.0 | 53.4 | 100.0 | 6.4 | -- | 21.8 | 8.6 | 1.7 | |
| 895.2 | 21,638.9 | 2,887.8 | 245.2 | 13.3 | 43.2 | 88.3 | 28.7 |
2 min read•By Jugal Harpalani
2 min read•By Jugal Harpalani
Mumbai's official gas supplier: Mahanagar Gas
1 min read•By Yash Rohra
Mahanagar Gas IPO - Should you buy?
5 min read•By Research Desk
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. Read more
Incorporated
1995
Chairman
--
Managing Director
Ashu Shinghal
Group
PSU
Headquarters
Mumbai, Maharashtra
Website
Looking for more details about Mahanagar Gas Ltd.’s IPO? Explore our IPO Details page.
Our rating system has guided millions of investors in the past 20 years.
The share price of Mahanagar Gas Ltd is ₹1,000.00 (NSE) and ₹1,000.10 (BSE) as of 19-Mar-2026 IST. Mahanagar Gas Ltd has given a return of 0.53% in the last 3 years.
The P/E ratio of Mahanagar Gas Ltd is 10.37 times as on 19-Mar-2026, a 25 discount to its peers’ median range of 13.84 times.
The P/B ratio of Mahanagar Gas Ltd is 1.55 times as on 19-Mar-2026, a 19 discount to its peers’ median range of 1.91 times.
PE & PB ratio at the end of financial year.
| Year | P/E Ratio | P/B Ratio |
|---|---|---|
|
2025
|
13.16
|
2.33
|
|
2024
|
10.48
|
2.62
|
|
2023
|
12.31
|
2.35
|
|
2022
|
12.90
|
2.14
|
|
2021
|
18.61
|
3.57
|
The 52-week high and low of Mahanagar Gas Ltd are Rs 1,586.90 and Rs 988.00 as of 19-Mar-2026.
Mahanagar Gas Ltd has a market capitalisation of ₹ 9,927 Cr as on 19-Mar-2026. As per SEBI classification, it is a Small Cap company.
Before investing in Mahanagar Gas Ltd, assess your goals, risk tolerance, and if the company aligns with your long-term plan. Carefully review its business model, financials, and valuation. Avoid making decisions based on tips or short-term trends.
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