MAHANAGAR GAS SHARE PRICE

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. 

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code:  56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Mahanagar Gas share price as on 13 Jun 2025 is Rs. 1344.5. Over the past 6 months, the Mahanagar Gas share price has increased by 5.13% and in the last one year, it has decreased by 7.02%. The 52-week low for Mahanagar Gas share price was Rs. 1075.25 and 52-week high was Rs. 1988.

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. 

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code:  56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Mahanagar Gas share price as on 13 Jun 2025 is Rs. 1344.5. Over the past 6 months, the Mahanagar Gas share price has increased by 5.13% and in the last one year, it has decreased by 7.02%. The 52-week low for Mahanagar Gas share price was Rs. 1075.25 and 52-week high was Rs. 1988.