Mahanagar Gas
Oil & Gas · NSE
↓ 13.8% vs fair value
52W Low
₹900
+7.4% from low
52W High
₹1,587
-39.1% from high
Valuation Gauge
Current Price
₹967
Fair Value
₹850
Fair Value Analysis
₹850
Based on free cash flow projections and balance sheet strength analysis and earnings multiple (EV/EBITDA) for Oil & Gas sector companies | Sector-cheap: P/E at 8th percentile vs sector peers.
Cash Flow Analysis
40% weight
Balance Sheet Value
20% weight
EV/EBITDA Multiple
40% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Financially Healthy
Profitability
ROE of 17.0% is above the Oil & Gas sector benchmark of 10% — strong returns
Debt & Leverage
D/E ratio of 0.0x is well within the Oil & Gas sector norm of 1.5x — strong balance sheet
Valuation vs Peers
P/E of 8.9x is in line with the Oil & Gas sector median of 8x — fairly valued
Cash Flow
FCF margin of 3.1% — thin cash generation, watch capex trends
Earnings Growth
5yr EPS CAGR of 20.4% is in line with the Oil & Gas sector average of 14.6%
Dividend
Dividend yield of 3.2% provides strong shareholder returns (benchmark: 3.0%)
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
3.8%
Free cash flow / market cap
Operating Cash Flow
₹1.4K Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹107.1
P/E Ratio
8.9x
P/B Ratio
1.5x
ROE
17%
ROCE
21.6%
Debt / Equity
0.04x
Beta
0.67
Div Yield
3.1%
FCF (Cr)
₹222 Cr
Revenue (Cr)
₹7,228 Cr
EPS Growth 5Y
20.4%
Mkt Cap (Cr)
₹9,415 Cr
52W High
₹1,586.9
52W Low
₹900
Book Value/Share
₹628.9
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| TTM | ₹8.2K Cr | ₹1.6K Cr | 19.0% | ₹958 Cr | ₹97.00 |
| 2025-03-31 | ₹7.3K Cr | ₹1.6K Cr | 22.0% | ₹1.0K Cr | ₹105.34 |
| 2024-03-31 | ₹6.3K Cr | ₹1.8K Cr | 29.0% | ₹1.3K Cr | ₹130.06 |
| 2023-03-31 | ₹6.3K Cr | ₹1.2K Cr | 19.0% | ₹790 Cr | ₹79.98 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
Oil & Gas| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
Gulf Oil Lubricants India Limited | ₹891 | ₹1,626.9 | +45.2% | 12.7 | 21.1% | UNDERVALUED |
GP Petroleums Limited | ₹28.7 | ₹44.1 | +35.0% | 5.4 | 7.4% | UNDERVALUED |
Magadh Sugar & Energy Limited | ₹493 | ₹640.5 | +23.0% | 8 | 13.9% | UNDERVALUED |
Oil and Natural Gas Corporation | ₹281.4 | ₹330.7 | +14.9% | 9.5 | 12.2% | FAIRLY_VALUED |
Avadh Sugar & Energy Limited | ₹499 | ₹534.5 | +6.6% | 12.8 | 8.0% | FAIRLY_VALUED |
GAIL India | ₹143.4 | ₹146.9 | +2.3% | 10.9 | 9.8% | FAIRLY_VALUED |
Hindustan Petroleum Corporation Limited | ₹328.9 | ₹333.1 | +1.3% | 4.5 | 12.3% | FAIRLY_VALUED |
Mahanagar Gas | ₹966.6 | ₹849.5 | -13.8% | 9.9 | 17.0% | FAIRLY_VALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Company Documents
Annual reports, concall transcripts & regulatory filings
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What traders are saying right now
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Telegram Channels
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Search Interest
Google Trends · India · Last 90 days"Mahanagar Gas"
Interest score (0 = low, 100 = peak)
90-day trend
Mahanagar Gas Ltd. Technical Momentum Shifts Amid Bearish Sentiment - Markets Mojo
Mahanagar Gas Ltd. is Rated Sell - Markets Mojo
Stock In News: KEC International, MGL, IDFC First Bank, PFC — Stocks Likely To Stay In Focus Today [928c83] - Fathom Journal
Mahanagar Gas Ltd. Stock Falls to 52-Week Low of Rs.1011.45 - Markets Mojo
Mahanagar Gas and 3 other stocks in which bulk and block deal took place - Trade Brains
Mahanagar Gas Share Price: Bade Investors Ne Li Entry! Apollo Micro & Cyient DLM Mein Bhi Fund Ka Kamaal - Whalesbook
Mahanagar Gas Ltd up for third straight session - Business Standard
Mahanagar Gas Ltd. Technical Momentum Shifts Amid Mixed Market Signals - marketsmojo.com
Mahanagar Gas Ltd. is Rated Sell - Markets Mojo
Mahanagar Gas Ltd. Falls to 52-Week Low of Rs 920.85 as Sell-Off Deepens - Markets Mojo
Mahanagar Gas Ltd. Falls to 52-Week Low of Rs 920.85 as Sell-Off Deepens - Markets Mojo
Mahanagar Gas Ltd. Falls to 52-Week Low of Rs 988.5 as Sell-Off Deepens - Markets Mojo
MGL Share Price Today - Mahanagar Gas Stock Analysis - Equitypandit
Oil And Gas Stocks To Buy: From MGL To IGL On Systematix List; Gulf Oil Among Top Picks — Check Target Prices - NDTV Profit
Mahanagar Gas Ltd. Stock Hits 52-Week Low at Rs.988.55 - Markets Mojo
Mahanagar Gas Ltd. Stock Falls to 52-Week Low Amidst Continued Underperformance - Markets Mojo
Mahanagar Gas - GAIL among 10 energy stocks that hit 52-week lows; slip up to 18% in a month - The Economic Times
Should PNG users worry about gas shortage? Mahanagar Gas reassures consumers - Upstox
MGL Outlook for the Week (March 16, 2026 – March 20, 2026) - Equitypandit
Gail, IGL, MGL: Is any gas stock worth buying now? Analysts guide - Business Standard
Technical Pulse
Plain English — no jargon
Trading 21.7% below its 200-day average — stock has been in a steep downtrend.
RSI is 36 — oversold territory. Selling pressure is high but may be slowing.
Below both 20-day and 50-day averages — no short-term recovery signal yet.
Fairly valued and technically oversold — may bounce from here. Reasonable entry if you have a long-term view.