Mahanagar Gas Ltd share Price Today

Mahanagar Gas Ltd., incorporated in 1995, is promoted by GAIL (India) Ltd., a Maharatna company of the Government of India. Mahanagar Gas Ltd. is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in the Mumbai, Thane, and Raigad districts of Maharashtra. The company supplies PNG for domestic, commercial, and industrial purposes. It connects over two million households, 4,000 small commercial establishments, and 370 industrial establishments. It also supplies CNG to nearly 1 million motor vehicles. As of November 28, 2022, the market capitalisation of Mahanagar Gas Ltd. was Rs 8,969.04 crore, and the net sales of the company in the financial year ending 31 March 2022, was Rs 3,560.19 crore.

Shares of Mahanagar Gas Ltd. trade on NSE and BSE under codes MGL and 539957, respectively.

The board of directors of Mahanagar Gas Ltd. include chairman Mahesh V Iyer, managing director Sanjib Datta, deputy managing director Sanjay Shende, directors Harshdeep S Kamble, Syed S Hussain, Malvika Sinha, Venkatraman Srinivasan, and Rajeev Bhaskar Sahi. The promoter and promoter group hold a 32.5% stake in Mahanagar Gas Ltd., while the public holds the remaining 67.5% shares.

The compounded annual growth rate (CAGR) for the past 10 years of sales of Mahanagar Gas Ltd. was 9.96%, while the CAGR of operating profit during the same time was 7.22%. The profit after tax grew at a CAGR of 8% over the past decade. The consolidated total sales of Mahanagar Gas Ltd. in the quarter ending September 30, 2022, was Rs 1,407.79 crore, while the corresponding figure for the same period in the previous financial year was Rs 752.71 crore.

On 28 November 2022, shares of Mahanagar Gas Ltd. closed at Rs 910.45 on NSE. The 52-week high and low prices of Mahanagar Gas Ltd.’s shares on the NSE were Rs 938 and Rs 665.80, respectively. The share generated a return of 25.28% in the previous six months and -2.70% last year.

Peers of Mahanagar Gas Ltd. include GAIL (India) Ltd., Petronet LNG Ltd.,  Indraprastha Gas Ltd.,  and Adani Total Gas Ltd. 

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Mahanagar Gas share price as on 26 Apr 2024 is Rs. 1470.2. Over the past 6 months, the Mahanagar Gas share price has increased by 45.34% and in the last one year, it has increased by 45.49%. The 52-week low for Mahanagar Gas share price was Rs. 970.55 and 52-week high was Rs. 1580.