Mahanagar Gas Ltd Share Price

Overview

Mahanagar Gas Ltd share price is currently ₹1,097.88, up by ₹2.86 (0.26%) from its previous closing price of ₹1,095.02. The share price has gained 3.2% over the past month and declined -17.54% over the past year. The stock's 52-week low and high are ₹884.78 and ₹1,369.95, respectively. Mahanagar Gas Ltd has a market capitalisation of ₹ 11,010.00 Cr. The share price was last updated on 26 Aug 2026, 03:57 PM IST.

Mahanagar Gas Ltd
Mahanagar Gas Ltd
MGL
 0.00
 2.86
0.26%
Gas Transmission
 0.00(%)1D

Updated: 26 Aug 2026, 03:57:12 pm IST

Market Data

Open Price

 1,087.53

Prev. Close

 1,095.02
 1,087.53

Day Low

 1,101.70

Day High

 884.78

52 Week Low

 1,369.95

52 Week High

Gas TransmissionGas Transmission/Marketing
CategoryMid Cap

Fundamentals

Quick Bite

Price To Earnings Ratio

15.16

Sector PE

27.68

PB Ratio

1.69

Sector PB

3.81

EPS

72.43

Dividend Yield

3.24

Today's Volume

93.261 K

5 Day Avg. Volume

198.328 K

PEG Ratio

-0.79

Market Cap.

₹ 11,010.00 Cr.

StockGro Trade views

Technical Analysis

Forecasts 🧭

Financials

Corporate Actions

ActionsEx-DateRecord-Date
DividendsFinal Dividend of 180% at ₹18/Share
18-Aug-202618-Aug-2026
DividendsInterim Dividend of 120% at ₹12/Share
13-Feb-202613-Feb-2026
DividendsFinal Dividend of 180% at ₹18/Share
14-Aug-202514-Aug-2025
DividendsInterim Dividend of 120% at ₹12/Share
03-Feb-202503-Feb-2025

Mutual Fund Ownership

Mutual Fund Holder
Jun 26
Shares held
Jul 26
Shares held
Parag Parikh Flexi Cap Fund - Regular Plan - Growth16.20 Lac
19.44 Lac
(19.98%)
HDFC Multi Cap Fund - Regular Plan - Growth16.25 Lac
16.25 Lac
no change
Axis Small Cap Fund - Regular Plan - Growth11.57 Lac
9.78 Lac
(15.52%)
UTI Value Fund - Regular Plan - Growth8.20 Lac
8.20 Lac
no change
ICICI Prudential Energy Opportunities Fund - Regular Plan - Growth8.93 Lac
7.98 Lac
(10.56%)

About Mahanagar Gas Ltd 👋

Mahanagar Gas Limited is an India-based natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane and Raigad districts of Maharashtra. It operates through the selling of the natural gas segment. It offers PNG for domestic, commercial and industrial purposes. Its domestic PNG is used for various purposes, like cooking and water heating. It is also used by hospitals, nursing homes, hotels, flight kitchens, restaurants, places of worship and others. It offers PNG for various industries, including metal, pharmaceuticals, food and beverages, printing and dyeing, oil mills, power generation and air conditioning. It supplies CNG to Brihanmumbai Electricity Supply and Transport/Thane Municipal Transport/Maharashtra State Road Transport Corporation/Navi Mumbai Municipal Transport (BEST/TMT/MSRTC/NMMT) buses, light commercial vehicles (LCVs)/ tempos/ trucks/private buses. It also installs gas geysers.

Expert Opinions

Insights from SEBI-registered analysts · updated live

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Ankush

Ankush

20 Aug • 9:24 AM · SEBI-Registered Analyst

IGL, MGL, ADANI TOTAL GAS RISE UP TO 3.5% AS GOVT APPROVES INCENTIVE SCHEME TO BOOST DOMESTIC PNG CONNECTIONS

IGL
Shares of major city gas distributors gained after the government announced incentives to accelerate household PNG connections. Indraprastha Gas, Mahanagar Gas and Adani Total Gas rose 3.5%, 3.3% and 2.2%, respectively. From September, CGD companies will get an additional 200 SCM of cheaper domestic gas for every new household PNG customer who starts using and paying for the service. The move is aimed at reducing LPG import dependence, lowering costs and speeding up investment recovery, while initiatives like National PNG Drive 2.0 will further promote PNG adoption.

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Vineet Chawla

Vineet Chawla

19 Aug • 10:20 PM · SEBI-Registered Analyst

Close crossing last Month High Strategy

Close crossing last Month High Strategy

MGL
is trading near its previous month high. • This strategy focuses on stocks that close above the previous month’s high, which often signals fresh momentum and strong buying interest. • A decisive close above this level indicates that the stock is breaking a key resistance zone,potentially starting a new upward trend. • Traders usually look for strong volume, market support, and the stock trading above important moving averages to confirm the breakout strength. • For risk management, many traders place a stop loss slightly below the breakout level while aiming to capture short to medium-term momentum moves. Disclaimer: Investments in the securities market are subject to market risks, read all the related documents carefully before investing

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Ashish Kumar

Ashish Kumar

19 Aug • 12:05 PM · SEBI-Registered Analyst

Shares of city gas distributors climb on PNG incentive scheme

Shares of

IGL
as (IGL), Mahanagar Gas (MGL) and Adani Total Gas rose up to 3.5% on Wednesday after the government approved an incentive scheme to accelerate domestic piped natural gas (PNG) connections. Under the scheme, effective from September 1, 2026, eligible city gas distribution companies will receive an additional 200 standard cubic metres of cheaper, domestically produced APM gas for every incremental billed household PNG connection above a set threshold. The allocation will help replace costlier imported LNG used in the CNG segment, lowering overall sourcing costs. Officials said the measure should cut the payback period on new domestic connections from about 10 years to roughly three years. It aims to convert India’s large pool of unbilled PNG connections into active, paying users and expand the network, reducing reliance on imported LPG amid supply disruptions.

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THREETREND RESEARCH

THREETREND RESEARCH

7 Aug • 6:33 AM · SEBI-Registered Analyst

MGL

MGL
The chart shows a symmetrical triangle breakdown, where the price was consolidating between a series of lower highs and higher lows before decisively breaking below the lower trendline. This breakdown signals that sellers have gained control, often leading to a sharp increase in bearish momentum as trapped buyers exit their positions and fresh short-selling emerges. In this example, the stock failed to hold the triangle support, resulting in a strong downward move and the continuation of the prevailing downtrend. Traders typically view such a breakdown as a bearish signal and wait for a retest of the broken support, which may act as a new resistance, before considering fresh short positions.

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Priyam Mehta

Priyam Mehta

1 Aug • 2:34 PM · SEBI-Registered Analyst

MGL
Volume growth remains healthy

MGL
1. Volume growth remains healthy MGL continues to report steady growth in CNG and PNG volumes, supported by increasing adoption of cleaner fuels across transport, residential and commercial segments. 2. Expansion of CNG station network The company is adding new CNG stations to improve accessibility and cater to the growing number of CNG vehicles in its operating regions. 3. PNG customer base continues to expand MGL is steadily increasing its domestic, commercial and industrial PNG connections, providing a stable and recurring source of revenue. 4. Focus on clean energy initiatives Besides its core city gas distribution business, MGL is exploring opportunities in: LNG for transportation EV charging infrastructure Compressed Biogas (CBG) Other alternative fuel solutions 5. Margin trends under watch Investors are closely monitoring domestic gas allocation, procurement costs and pricing policies, as these directly influence the company's profitability. 6. Strong financial position MGL maintains: A debt-free balance sheet Strong cash flows Healthy return ratios Consistent profitability 7. Attractive dividend profile The company continues to reward shareholders through regular dividend payouts, making it a preferred stock among dividend-focused investors.

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PATEL ABHIKUMAR HARESHBHAI

PATEL ABHIKUMAR HARESHBHAI

31 Jul • 9:08 AM · SEBI-Registered Analyst

Daily Index View : NIFTY50 as on 31/07/2026

1. Market Trend PROBABILITY 🚨 Current Market Trend: Positive 🚀 10% 🔍 Key Level to Watch: 24081 🔄 Current Market Surface: The trend will stay Positive until the market stay above 24081 That’s 237 points away from the last day Closing Price of 24317 ATR 271 2. Demand & Supply PROBABILITY Force is Demand & Supply is High 15% Last 3 days market has been flatish compared to ATR, so demand has very strong firepower — it just needs sentiment support 30 Jul 2026 FII Cash-net (Buy/sell) DII Cash- net (BUY/SELL) +3,623.51 -1,864 3. Reflexivity PROBABILITY First Half is Mildly Supportive to Bullish Momentum for at least first half 5% Last day market rallied Intraday around 25–50% of the 8-day average ATR, so it should keep its momentum intact in the first half 4. Social Proof (Global) PROBABILITY Dow Jones (Last day close) 48185 Up/Donw by 94 33% Dow jones future (live) 52,553 Up/Donw by +173.0 Hang seng (Live) 25859 Up/Donw by -91 Nikki 225 (Live) 64572 Up/Donw by 2,705 Sentiments: Dow Jones Futures is Trading Flat to Positive & HANG SENG Index is trading Flat to Negative Today, global markets are neutral to slightly positive, and the Indian market has no strong directional bias Top stock to watchout

MGL

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