Mahanagar Gas Ltd.
NSE: MGL · LPG/CNG/PNG/LNG Supplier
Snapshot
Unlock Mahanagar Gas Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Mahanagar Gas Limited is a prominent natural gas distribution company in India, primarily serving the Mumbai metropolitan region. The company supplies compressed natural gas (CNG) for vehicles and piped natural gas (PNG) for domestic, commercial, and industrial applications.
Business Model
The company generates revenue through the distribution and sale of natural gas via an extensive network of steel and MDPE pipelines and CNG filling stations. It serves a diverse customer base ranging from residential households to large-scale industrial and commercial enterprises.
- CNG filling stations:290
- Dispensing points:1,738
- Steel pipeline length:550 km
- MDPE pipeline length:5,670 km
- Commercial and industrial customers:4,339
Growth Outlook
Growth is driven by the continued expansion of the gas distribution infrastructure and the increasing adoption of cleaner fuel alternatives for transport and domestic use. The company focuses on increasing its pipeline network density to capture higher market penetration in its operational areas.
Key Risks
- Regulatory Risk. The company is subject to government-mandated pricing policies and allocation of natural gas, which can impact profit margins.
- Supply Chain Volatility. Fluctuations in the global price and availability of imported natural gas can significantly affect operational costs.
- Infrastructure Development. Delays in obtaining necessary permits and land access for pipeline expansion could hinder the company's growth targets.
- Competitive Pressure. The emergence of alternative fuel technologies or increased competition in the city gas distribution sector may impact market share.
Start your research today
Unlock AI insights, financials, peers and live data on Mahanagar Gas Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹9,382 Cr
TTM · consolidated
NET PROFIT
₹715 Cr
TTM · consolidated
EPS
₹72.42
TTM · consolidated
RETURN ON EQUITY
11.6%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
14.7%
TTM · consolidated
P/E
15.1x
Q1 FY27 · consolidated
EV/EBITDA
7.6x
Q1 FY27 · consolidated
EBITDA MARGIN
15.0%
TTM · consolidated
NET PROFIT MARGIN
7.4%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · LPG/CNG/PNG/LNG Supplier
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Mahanagar Gas Ltd.MGL | ₹10,832 Cr | 15.14 | 7.64 | 11.3% | 15.0% | 11.6% | 14.7% | -14.8% |
Petronet LNG Ltd.PETRONET | ₹43,215 Cr | 10.27 | 6.30 | -24.8% | 17.7% | 20.0% | 23.7% | +5.0% |
Gujarat Energy LimitedGUJGASLTD | ₹25,281 Cr | 19.88 | 11.56 | 4.2% | 13.2% | 7.6% | 10.0% | -40.4% |
Indraprastha Gas Ltd.IGL | ₹22,126 Cr | 16.26 | 10.92 | 9.8% | 10.8% | 12.2% | 12.6% | -27.2% |
Confidence Petroleum India LimitedCONFIPET | ₹2,740 Cr | 20.37 | 7.32 | 72.5% | 7.3% | 10.1% | 13.3% | +70.4% |
IRM EnergyIRMENERGY | ₹1,155 Cr | 15.81 | 6.83 | 12.0% | 13.9% | 7.5% | 11.1% | +3.3% |
As of Q1 FY27
Financials
Mahanagar Gas Ltd.
NSE: MGL · LPG/CNG/PNG/LNG Supplier
Snapshot
Unlock Mahanagar Gas Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Mahanagar Gas Limited is a prominent natural gas distribution company in India, primarily serving the Mumbai metropolitan region. The company supplies compressed natural gas (CNG) for vehicles and piped natural gas (PNG) for domestic, commercial, and industrial applications.
Business Model
The company generates revenue through the distribution and sale of natural gas via an extensive network of steel and MDPE pipelines and CNG filling stations. It serves a diverse customer base ranging from residential households to large-scale industrial and commercial enterprises.
- CNG filling stations:290
- Dispensing points:1,738
- Steel pipeline length:550 km
- MDPE pipeline length:5,670 km
- Commercial and industrial customers:4,339
Growth Outlook
Growth is driven by the continued expansion of the gas distribution infrastructure and the increasing adoption of cleaner fuel alternatives for transport and domestic use. The company focuses on increasing its pipeline network density to capture higher market penetration in its operational areas.
Key Risks
- Regulatory Risk. The company is subject to government-mandated pricing policies and allocation of natural gas, which can impact profit margins.
- Supply Chain Volatility. Fluctuations in the global price and availability of imported natural gas can significantly affect operational costs.
- Infrastructure Development. Delays in obtaining necessary permits and land access for pipeline expansion could hinder the company's growth targets.
- Competitive Pressure. The emergence of alternative fuel technologies or increased competition in the city gas distribution sector may impact market share.
Start your research today
Unlock AI insights, financials, peers and live data on Mahanagar Gas Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹9,382 Cr
TTM · consolidated
NET PROFIT
₹715 Cr
TTM · consolidated
EPS
₹72.42
TTM · consolidated
RETURN ON EQUITY
11.6%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
14.7%
TTM · consolidated
P/E
15.1x
Q1 FY27 · consolidated
EV/EBITDA
7.6x
Q1 FY27 · consolidated
EBITDA MARGIN
15.0%
TTM · consolidated
NET PROFIT MARGIN
7.4%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · LPG/CNG/PNG/LNG Supplier
As of Q1 FY27