Mahanagar Gas Limited logo

MGL

NSE
Mahanagar Gas Limited (SMALL CAP)
Energy>Oil Gas & Consumable Fuels>Gas>LPG/CNG/PNG/LNG Supplier
1,126.30
3.60 (0.32%)
High VOLATILITY
As on 10 Jul 2026

Price History

Market Cap
₹11.13K Cr
SMALL CAP
P/E Ratio
13.1
Industry
LPG/CNG/PNG/LNG Supplier
52-Week Range
52W Low900+25.1%
52W High1,562-27.9%
Current Price
1,126.30
Circuit Limits (20%)
Lower Circuit901.04
Upper Circuit1,351.56
Reference Price
1,126.30

Investment Checklist

Triple Bottom on 1D (BREAKOUT CONFIRMED) — target ₹1218.0
Head and Shoulders on 1D (BREAKOUT CONFIRMED) — target ₹1095.8
10/20 Bearish Cross detected 3 day(s) ago
SuperTrend(10,3): Price below SuperTrend (Industry Standard (Swing/Medium-Term))
SuperTrend(7,3): Price below SuperTrend (Responsive Setting (Day Trading/Short-Term))

Technical Analysis

Technical Analysis

Analysis from 2026-07-10

Confidence
39%

Trend

NEUTRAL
NEUTRAL

Mixed MA signals — sideways/transition

EMA20
1138.89
EMA50
1122.54
EMA200
1167.05

Price Action

MIXED
NEUTRAL
Higher Highs2
Higher Lows4
Lower Highs7
Lower Lows5

Support & Resistance Levels

Resistance (Above)
1152.50
1191.26
1254.19
1314.00
1332.93
Support (Below)
1121.02
1095.45
1042.10
1021.30
918.30

Volume Analysis

TrendDECREASING
Change-36.60%
Unusual VolumeNo

Recent MA Crossovers

10/20 Bearish Cross
3 days ago
SELL

Stop Loss Levels

Fixed Risk

1% Risk1115.04
3% Risk1092.51
5% Risk1069.98
7% Risk (Custom)
1047.46

Technical Levels

1x ATR (Volatility)1091.73
2x ATR (Swing)1057.16
3x ATR (Trend)1022.59
Immediate Support1121.02

Moving Averages

EMA 50 (Trend)1122.54

Financials

Financial Analysis

MetricDec '24Mar '25Jun '25Dec '25
Revenue₹1,847.4 Cr₹1,928.1 Cr₹2,083 Cr₹2,060.2 Cr
Net Profit₹222.9 Cr₹247 Cr₹317.9 Cr₹201.2 Cr
EPS₹22.57₹32.18₹20.36
Operating Profit₹366.8 Cr₹436.2 Cr₹532.1 Cr₹380.9 Cr

Peer Comparison

LPG/CNG/PNG/LNG Supplier

Peer Comparison

Symbol
Name
Price
Change
P/E Ratio
Market Cap
Adani Total Gas Limited₹723.90+3.32%121.6
₹79.62K Cr
Petronet LNG Limited₹278.95+0.65%10.9
₹41.84K Cr
GUJARAT ENERGY LIMITED₹289.70+1.13%26.8
₹27.18K Cr
Indraprastha Gas Limited₹154.06+1.51%17.1
₹21.57K Cr
Mahanagar Gas Limited₹1,126.30+0.32%13.1
₹11.13K Cr
Confidence Petroleum India Limited₹76.45+5.71%25.2
₹2.54K Cr
IRM Energy Limited₹263.50+0.29%19.0
₹1.08K Cr

Corporate Information

Large Deals

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Bulk, Block and Short deals reported for this stock.

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Corporate Actions

Recent actions

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Ex DatePurposeType
13 Feb 2026
Interim Dividend - Rs 12 Per Share
INTERIM_DIVIDEND
14 Aug 2025
Dividend - Rs 18 Per Share
DIVIDEND
03 Feb 2025
Interim Dividend - Rs 12 Per Share
INTERIM_DIVIDEND
14 Aug 2024
Annual General Meeting/Dividend - Rs 18 Per Share
AGM
05 Feb 2024
Interim Dividend - Rs 12 Per Share
INTERIM_DIVIDEND

Announcements

Latest updates

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DateDescriptionLink
09 Jul 2026
Certificate under SEBI (Depositories and Participants) Regulations, 2018
07 Jul 2026
Copy of Newspaper Publication
01 Jul 2026
Appointment
26 Jun 2026
Trading Window
09 Jun 2026
Analysts/Institutional Investor Meet/Con. Call Updates

Board Meetings

Upcoming and past meetings

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DatePurposeLinks
07 May 2026
Financial Results/Dividend
07 May 2026
Board Meeting Intimation
07 Feb 2026
Board Meeting Intimation
07 Feb 2026
Financial Results/Dividend
29 Oct 2025
Financial Results

Corporate Events

Upcoming results & meetings

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No upcoming events found

We couldn't find any scheduled corporate actions for this symbol at the moment.

Shareholding Pattern

Shareholding Pattern

As of Dec 2025

Current Distribution

Trend (Last 8 Qtrs)

Latest News

News for MGL

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Nomura says Delhi EV policy structurally negative for IGL; prefers MGL
negative
Business Standard - Markets 10d ago

Nomura says Delhi EV policy structurally negative for IGL; prefers MGL

Nomura said that city gas distribution companies may now need to start to aggressively pursue inorganic opportunities to grow volumes, given the risk of pollution-led CNG mandates in large cities.

IGLMGLOil Gas & Consumable Fuels
MGL rides PNG adoption wave, analysts see further upside
positive
ET Markets - Stocks 11d ago

MGL rides PNG adoption wave, analysts see further upside

Mahanagar Gas shares have surged on government's push for piped natural gas adoption, aiming for a 20% customer base increase. This move is expected to significantly boost PNG consumption and accelerate volume growth. Despite a recent rally, the stock's valuation remains attractive, with analysts predicting future earnings growth and potential for a re-rating as margin pressures ease.

FELFELDVRMGLONGCConsumer ServicesOil Gas & Consumable Fuels
NEWS
positive
Business Standard - Markets 23d ago

Mahanagar Gas Ltd up for fifth session

Mahanagar Gas Ltd is quoting at Rs 1210.3, up 0.12% on the day as on 12:44 IST on the NSE. The stock is down 13.08% in last one year as compared to a 2.73% spurt in NIFTY and a 14.16% spurt in the Nifty Energy.

AONELIQUIDAONENIFTYAONETMMQ50AONETOTALENERGYGKENERGYKPELMGLMOENERGYOILIETFConstructionFinancial Services

Frequently Asked Questions