Mahanagar Gas Key Ratios
NSE: MGL | BSE: 539957
₹1,096.60
As on 04-Sep-2026 15:58IST
Market cap
₹10,830 Cr
Revenue (TTM)
₹9,382 Cr
P/E Ratio
15.1
P/B Ratio
1.6
Div. Yield
2.7 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 15.05 | 13.92 | 11.31 | 10.14 | 28.02 |
| EBIT | 51.97 | -42.08 | -31.30 | -9.62 | -2.34 |
| Net Profit | 46.83 | -39.39 | -32.72 | -9.52 | -1.52 |
| EPS | 46.83 | -39.39 | -32.72 | -9.52 | -1.52 |
| Book Value | -- | -- | 9.45 | 15.89 | 14.76 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 18.17 | 18.01 | 9.27 | 12.62 | 16.72 |
| Net Margin
| 14.74 | 14.58 | 7.57 | 10.05 | 13.99 |
| Return on equity
| 20.15 | 19.67 | 11.32 | 13.66 | 18.88 |
| Return on Capital
| 27.20 | 26.59 | -- | 18.78 | 25.12 |
| Return on Assets
| 14.23 | 13.77 | 8.34 | 9.73 | 13.37 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.00 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
--
|
18.78
|
25.12
|
37.56
|
25.76
|
|
Peer Median
|
--
|
18.51
|
29.26
|
27.62
|
--
|
ROE
11.32
Lower than Peers by 4.34
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
11.32
|
13.66
|
18.88
|
27.71
|
19.11
|
|
Peer Median
|
15.66
|
14.06
|
21.54
|
20.79
|
--
|
ROA
8.34
Lower than Peers by 1.52
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
8.34
|
9.73
|
13.37
|
19.34
|
13.10
|
|
Peer Median
|
9.86
|
9.45
|
12.01
|
13.92
|
--
|
EBIT Margin
9.27
Lower than Peers by 2.28
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
9.27
|
12.62
|
16.72
|
24.90
|
15.13
|
|
Peer Median
|
11.56
|
9.27
|
10.97
|
14.01
|
--
|
Net Margin
7.57
Lower than Peers by 1.68
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
7.57
|
10.05
|
13.99
|
19.87
|
12.32
|
|
Peer Median
|
9.25
|
9.69
|
13.91
|
11.88
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
--
|
13.79
|
17.45
|
22.59
|
14.75
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
11.31
Higher than Peers by 3.28
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
11.31
|
13.52
|
15.48
|
-0.15
|
--
|
|
Peer Median
|
8.03
|
12.22
|
6.41
|
-2.48
|
--
|
EBIT Growth
-31.40
Lower than Peers by 24.95
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
-31.40
|
-14.33
|
-22.45
|
64.39
|
--
|
|
Peer Median
|
-6.45
|
-10.99
|
-22.25
|
21.41
|
--
|
Net Profit Growth
-32.72
Lower than Peers by 25.61
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
-32.72
|
-19.19
|
-19.03
|
62.61
|
--
|
|
Peer Median
|
-7.11
|
-10.76
|
-17.70
|
20.63
|
--
|
EPS Growth
-32.72
Lower than Peers by 26.08
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
-32.72
|
-19.14
|
-19.03
|
62.61
|
--
|
|
Peer Median
|
-6.64
|
-17.76
|
-19.00
|
31.06
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
--
|
9.36
|
14.38
|
24.29
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
0.00
|
--
|
--
|
--
|
Current Ratio
0.94
Lower than Peers by 0.10
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
0.94
|
0.94
|
1.04
|
1.12
|
1.29
|
|
Peer Median
|
1.04
|
0.97
|
1.07
|
0.97
|
--
|
Quick Ratio
0.91
Lower than Peers by 0.10
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
0.91
|
0.91
|
1.01
|
1.10
|
1.26
|
|
Peer Median
|
1.01
|
1.02
|
1.01
|
0.91
|
--
|
Interest Coverage
44.27
Lower than Peers by 13.55
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
44.27
|
55.13
|
98.41
|
130.93
|
113.41
|
|
Peer Median
|
57.82
|
43.02
|
52.95
|
38.47
|
--
|
Operating Efficiency
Debtors to sales
4.89
Lower than Peers by 0.88
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
4.89
|
5.56
|
5.01
|
4.71
|
4.67
|
|
Peer Median
|
5.77
|
5.55
|
5.96
|
6.50
|
--
|
Asset Turnover
1.09
Higher than Peers by 0.01
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
1.09
|
1.05
|
1.03
|
1.04
|
1.15
|
|
Peer Median
|
1.08
|
1.11
|
1.02
|
1.09
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
--
|
16.56
|
15.11
|
15.59
|
15.51
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
--
|
2.31
|
2.16
|
2.00
|
1.78
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
--
|
29.49
|
30.38
|
33.54
|
26.52
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
--
|
-10.62
|
-13.12
|
-15.95
|
-9.23
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
15.14
Lower than Peers by 3.11
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
15.14
|
10.89
|
13.17
|
10.48
|
12.31
|
|
Peer Median
|
18.25
|
16.81
|
16.86
|
14.67
|
--
|
Price / Book Value
1.64
Lower than Peers by 0.15
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
1.64
|
1.42
|
2.33
|
2.62
|
2.35
|
|
Peer Median
|
1.79
|
1.78
|
2.73
|
4.07
|
--
|
Dividend Yield
2.74
Lower than Peers by 0.44
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
2.74
|
3.24
|
2.16
|
2.20
|
2.64
|
|
Peer Median
|
3.18
|
3.00
|
1.52
|
1.85
|
--
|
EV/EBITDA
7.60
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
7.60
|
5.76
|
7.70
|
6.46
|
7.33
|
|
Peer Median
|
--
|
18.52
|
13.17
|
17.71
|
--
|
Market Cap
10,830
Lower than Peers by 23,790
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Mahanagar Gas
|
10,830
|
9,158
|
13,696
|
13,468
|
9,724
|
|
Peer Median
|
34,620
|
27,771
|
28,959
|
34,571
|
--
|