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MGL — MAHANAGAR GAS LTD.

Structural concernsInstitutions reducing stake

Price History

Data as of 26 Jun 2026· via fincrux

How MGL has traded over time.

Is the price reasonable right now?

Where today's price sits within its own 12-month range — context, not advice.

Middle of its 12-month range45% of range

Sitting roughly mid-way between its 12-month high and low — neither cheap nor stretched versus its own recent history. It sits above its 200-day average, the longer-term trend.

₹908 low₹1,506 high
vs 50-day avg
+4.9%
vs 200-day avg
+2.8%
Beginner mode
Plain English, with everything explained

MGL

NSE

MAHANAGAR GAS LTD.

Energy / Oil & Gas

₹1,174.60
0.00%
last close
0%
Quality Score
Several red flagsBig money selling

MAHANAGAR GAS LTD. clears only 1 of 3 checks. The numbers flag real concerns — exactly the kind of thing that gets lost in exciting news or social-media buzz. Tread carefully.

Company size
₹10816.00 Cr
Price tag
12.8×
Money it earns
13.7%

The four quality checks

Every company faces the same four checks. Tap the ? on any term to learn what it means.

01

Is the company drowning in loans?

We check how much the company has borrowed versus its own money. Too much debt makes a business fragile when times get tough.

Aligned

The company keeps its borrowing under control. That's a sign of a sturdy balance sheet.

D/E 0.03goal < 0.5
02

Does it make good money, consistently?

We look at how much profit the company squeezes out of its owners' money, averaged over three years — not just one lucky quarter.

Watch

Profitability is decent but not quite at the level we'd call strong.

ROE 13.7%goal > 15% (3y avg)
03

Is the big, smart money buying in?

Large professional investors (global funds and Indian mutual funds) do deep research before buying. We track whether they've been adding or trimming their stake.

Divergent

Professional investors have been reducing their stake recently.

FII+DII 45.1%goal stable or rising (2Q)
04

Is the price reasonable right now?

Even a great company can be a bad buy if it's overpriced. We compare today's price tag to how this company has typically been priced over the past five years.

No data

We don't have enough reliable data to run this check yet, so we're leaving it open rather than guessing.

Data unavailablegoal P/E < 5y median

What we noticed

Observations from the data — not recommendations.

  • Mahanagar Gas Ltd is engaged in the business of City gas distribution (CGD), presently supplying natural gas in the city of Mumbai including adjoining areas and the Raigad District in the state of Maharashtra.[1]
Data as of 26 Jun 2026· via fincrux

StockVault is an educational research and mathematical-modeling sandbox. It presents structural readings derived from public data and does not provide investment advice, recommendations, or target prices. Figures shown are illustrative and delayed. Markets carry risk; decisions are your own.

Balance Sheet

What MGL owns and owes over the years. Tap the ? on any line to learn what it means.

Line itemFigures in ₹ crore
ItemMar '22Mar '23Mar '24Mar '25Mar '26
Borrowings103115139164219
Equity Capital9999999999
Reserves3,4994,0355,0445,7916,335
Total Assets5,2346,0327,2268,2048,965
Total Liabilities5,2346,0327,2268,2048,965

Borrowings rising

Total borrowings are up about 113% over the last 5 years — worth watching alongside how much it earns.

Periodic Performance

Yearly net profit for MGL — does it earn money consistently?

Consistently profitable

Every one of the last 5 years has been profitable — a sign of durable earnings.

₹597 Cr
₹790 Cr
₹1,289 Cr
₹1,045 Cr
₹847 Cr
Mar '22Mar '23Mar '24Mar '25Mar '26
rev ₹3,560 Crrev ₹6,299 Crrev ₹6,245 Crrev ₹6,924 Crrev ₹8,240 Cr
Net profit · annualProfitLoss

Strengths & Risks

What the numbers say is good and bad about MGL — observations, not recommendations.

Strengths

2
  • Keeps borrowing low relative to its own capital — a sturdy balance sheet.
  • Profitable in every one of the last 5 years.

Risks

1
  • Large professional investors have been trimming their stake recently.

Institutional Ownership Trend

FII and DII holding across the last four quarters.

FII· Foreign institutions
24.1%-1.4 pp
DII· Domestic institutions
21.0%-1.5 pp
Jun '25Sep '25Dec '25Mar '26

Sector Peers

How others in Energy / Oil & Gas score on the same four guardrails.

  • BPCLBHARAT PETROLEUM CORP LT100
  • PETRONETPETRONET LNG LIMITED100
  • IOCINDIAN OIL CORP LTD84
  • GUJGASLTDGUJARAT GAS LIMITED81
  • CASTROLINDCASTROL INDIA LIMITED69
View the full sector