MGL

Mahanagar Gas Limited · NSE · INE002S01010 · 272 sessions on record

₹1,045.40▼ −12.60 · −1.2%from ₹1,058.00 the session before · 1 Oct 2026 close · NSE end of day

Open: ₹1,050.00
High: ₹1,056.30
Low: ₹1,024.20
Day's range: ₹323.0% of the previous close
VWAP: ₹1,038.04close +0.71% from it
Volume, shares: 2.3 L1.61× the 20-session average
Turnover, ₹ crore: 23
Trades: 24,0009.6 shares per trade
Previous close: ₹1,058.00−12.60 to the close
Price band, next session: ₹940.85 – ₹1,149.9510% either side of the close · dynamic, widened in 5% steps when hit

Day range66% of the way up

₹1,024.20₹1,056.30

52-week range33% of the way up

₹900.00 23 Mar₹1,335.40 8 Oct

−22% from the high · +16% from the low

Futures and options

No derivatives listed on MGL

Close ₹ · Nifty 50 rebased to the first close · futures open interest by the day's build-up126 sessions to 1 Oct · axis fixed at 4 × ATR-14 around the last close · hover or tap a session and the read beside the chart follows it

272 sessions on file · from 28 Aug

MGL close
Nifty 50, rebased

Session read · latest close: 1 Oct 2026
Close ₹ · day %: ₹1,045.40▼ −1.2% on the previous close
Against Nifty 50: Nifty −0.9%−0.3 pp difference on the day
Against the averages: below 20 · below 5020-session ₹1,076.20 (−2.9%) · 50-session ₹1,095.96 (−4.6%)
Volume: 1.61×the previous 20 sessions · 2.3 L shares
Extremes on the day: none

The market after the news

close against the last close before each bulletin · Nifty 50 over the same sessions

After the last 8 bulletins, MGL closed higher five sessions later in 5 of 8.

Close after each bulletin on the day, one session later and five sessions later, with Nifty 50 and futures open interest
Bulletin	Day of the news	1 session later	5 sessions later	Futures OI on the day
19 AugMahanagar Gas targets 1 million PNG connections by FY27	▲ +0.9%Nifty +0.6% · +0.2 pp	▼ −1.2%Nifty +0.7% · −1.9 pp	▼ −3.1%Nifty +0.1% · −3.2 pp	—
19 AugMahanagar Gas targets 1 million PNG connections by FY27	▲ +1.5%Nifty −0.3% · +1.8 pp	▲ +2.4%Nifty +0.3% · +2.1 pp	▲ +0.3%Nifty +0.2% · +0.1 pp	—
9 JulOil and gas stocks rise despite rising crude prices	▲ +0.3%Nifty +1.0% · −0.7 pp	▼ −0.7%Nifty +1.0% · −1.8 pp	▼ −2.0%Nifty +1.6% · −3.5 pp	—
8 MayMGL announces ₹30/share dividend and ₹846 cr profit	▼ −5.7%Nifty −1.5% · −4.2 pp	▼ −9.3%Nifty −3.3% · −6.0 pp	▼ −9.7%Nifty −2.2% · −7.6 pp	—
4 AprTorrent Gas increases CNG price by ₹2.50 amid global tensions	▲ +0.8%Nifty +1.1% · −0.3 pp	▲ +0.2%Nifty +1.8% · −1.6 pp	▲ +12.4%Nifty +5.0% · +7.4 pp	—
17 FebMahanagar Gas outlines ₹1,300 crore capex plan	▲ +2.2%Nifty +0.4% · +1.8 pp	▲ +1.1%Nifty −1.1% · +2.1 pp	▲ +8.4%Nifty −0.9% · +9.4 pp	—
17 FebMahanagar Gas plans ₹1,300 crore capex for expansion	▲ +0.2%Nifty +0.2% · 0.0 pp	▲ +2.4%Nifty +0.5% · +1.9 pp	▲ +8.0%Nifty −1.0% · +8.9 pp	—
16 FebMahanagar Gas reports Q3 FY26 results and interim dividend	▲ +0.2%Nifty +0.2% · 0.0 pp	▲ +2.4%Nifty +0.5% · +1.9 pp	▲ +8.0%Nifty −1.0% · +8.9 pp	—

8 of 10 bulletins

Quarterly results

consolidated · latest filed 30 Jul, 07:13 pm IST · NSE filings

Revenue ₹2,599 cr; profit ₹193 cr in the Jun 2026 quarter, consolidated.

Last 2 quarters, consolidated₹ crore as filed · year on year against the same quarter a year earlier · market: close on the first session after the filing against the last close before it, Nifty 50 over the same session

Quarterly results of MGL on the consolidated basis with the market's move on the first session after each filing
Quarter	Revenue ₹ cr	Revenue YoY	Profit ₹ cr	Profit YoY	EPS ₹	Market on the day
Jun 2026filed 30 Jul	₹2,599 cr	—	₹193 cr	—	19.54	▲ +0.2%Nifty +0.3% · −0.1 pp
Mar 2026filed 7 May	₹2,259 cr	—	₹130 cr	—	13.15	▼ −0.6%Nifty −0.6% · 0.0 pp

Fundamentals

consolidated · filings to Jun 2026 · close ₹1,045.40 on 1 Oct

1.6 times book value, a 2.9% dividend yield, market cap ₹10,000 cr.

Valuationarithmetic on filings and the close · each cell names what it rests on · — where an input is missing

Market cap: ₹10,000 cron 1 Oct · free float ₹7,000 cr
Price to earnings: —fewer than four consecutive quarters filed
Trailing EPS: —fewer than four consecutive quarters filed
Price to book: 1.6consolidated · balance sheet to Mar 2026
Book value a share: ₹652.13consolidated · balance sheet to Mar 2026 · over NSE's share count
Debt to equity: 0.00borrowings over equity · consolidated · balance sheet to Mar 2026
Return on equity: —needs two filed balance sheets
Dividend yield: 2.9%₹30.00 a share in 365 days
Face value: ₹10a share
Shares outstanding: 10 cron 1 Oct

Growthsums of the four quarters filed to Jun 2026 · growth against the four quarters before them · consolidated

Revenue, trailing 12 months: —fewer than four consecutive quarters filed
Revenue growth, 12 months: —needs eight consecutive quarters filed
Revenue 3-year CAGR: —needs twelve consecutive quarters filed
Profit, trailing 12 months: —fewer than four consecutive quarters filed
Profit growth, 12 months: —needs eight consecutive quarters filed
Profit 3-year CAGR: —needs twelve consecutive quarters filed

PeersBSE sub-group LPG/CNG/PNG/LNG Supplier · F&O stocks with filings on record · industry P/E needs two stocks with trailing profit and a market cap

Stocks in the BSE sub-group LPG/CNG/PNG/LNG Supplier with market cap, price to earnings and price to book
Stock	Market cap ₹	P/E	P/B	Close ₹
ATGLAdani Total Gas Limited	64,000 cron 1 Oct	—	13	₹583.05
PETRONETPetronet LNG Limited	43,000 cron 1 Oct	10consolidated	1.9	₹285.50
GUJENERGYGUJARAT ENERGY LIMITED	22,000 cron 1 Oct	—	1.2	₹230.05
IGLIndraprastha Gas Limited	20,000 cron 1 Oct	—	1.7	₹142.80
MGLMahanagar Gas Limited	10,000 cron 1 Oct	—	1.6	₹1,045.40
CONFIPETConfidence Petroleum India Limited	2,900 cron 1 Oct	—	1.9	₹86.05
IRMENERGYIRM Energy Limited	1,100 cron 1 Oct	—	1.1	₹257.70

Shareholding

quarter to 30 Jun · none pledged · NSE filings

Promoters hold 32.5%, foreign portfolio investors 23.2%, mutual funds 11.2% and insurance companies 10.8%, as filed for the quarter to 30 Jun.

32.5%23.2%11.2%10.8%10.7%11.1%

By category, last 2 quarterspercent of shares · beneath each figure, the change in percentage points against the previous quarter on file

Shareholding of MGL by category over the last 2 quarters with the change against the previous quarter
Category	30 Jun	31 Mar
Promoters	32.500.00 pp	32.50
Foreign portfolio investors	23.21▼ −0.92 pp	24.13
Mutual funds	11.18▲ +2.36 pp	8.82
Insurance companies	10.75▼ −0.60 pp	11.35
Banks and financial institutions	0.60▼ −0.24 pp	0.84
Individual investors	10.65▼ −0.46 pp	11.11
Bodies corporate	0.64▼ −0.10 pp	0.74
Government	10.000.00 pp	10.00
Others	0.47▼ −0.04 pp	0.51

Corporate actions

NSE and BSE records

Nothing upcoming on record; the last was a dividend of ₹18.00 a share, ex-date 18 Aug 2026.

Actionsex-dates · upcoming first, then the last eight · dividends in rupees a share, bonus and split as ratios

Corporate actions of MGL, upcoming first, then the most recent
Ex-date	Action	Amount or ratio	Record date	Source
recent
18 Aug 2026	dividend	₹18.00	18 Aug 2026	NSE
13 Feb 2026	dividend	₹12.00	13 Feb 2026	NSE
14 Aug 2025	dividend	₹18.00	14 Aug 2025	NSE
3 Feb 2025	dividend	₹12.00	3 Feb 2025	NSE
14 Aug 2024	dividend	₹18.00	—	NSE
5 Feb 2024	dividend	₹12.00	5 Feb 2024	NSE

Calendaras notified to the exchange

Next results: —no board meeting notified yet
Dividends in 365 days: ₹30.00a share · ex-dates inside the year
Last dividend: ₹18.00ex-date 18 Aug 2026

Price history

272 sessions on record · to 1 Oct · NSE end of day

MGL is −1.9% over 20 sessions against Nifty's −6.2%, 22% below its 52-week high, realised volatility 22% annualised.

Returns against Nifty 50longest window first · Nifty 50 over the same sessions

Returns of the stock and Nifty 50 over six windows, longest first
Window	From ₹	MGL %	Nifty 50 %	Difference pp
250 sessionssince 26 Sept	₹1,237.75	▼ −16%	▼ −9.1%	−6.5
120 sessionssince 9 Apr	₹1,040.20	▲ +0.50%	▼ −5.7%	+6.2
60 sessionssince 8 Jul	₹1,093.86	▼ −4.4%	▼ −6.1%	+1.7
20 sessionssince 2 Sept	₹1,065.21	▼ −1.9%	▼ −6.2%	+4.4
5 sessionssince 24 Sept	₹1,079.62	▼ −3.2%	▼ −2.8%	−0.39
1 sessionsince 30 Sept	₹1,057.99	▼ −1.2%	▼ −0.88%	−0.31

Averages of the closeclose against each average

5-session average: ₹1,054.80close −0.89% from it
20-session average: ₹1,076.20close −2.9% from it
50-session average: ₹1,095.96close −4.6% from it
200-session average: ₹1,097.12close −4.7% from it

Range and volumetrue range over 14 sessions · high to low over 20 · volume against the 20-session average

Average true range, 14: ₹262.5% of the close
Average day's range, 20: ₹242.3% of the close
Volume against 20 sessions: 1.61×2.3 L vs 1.4 L average

Volatility and co-movement with Nifty 50annualised from daily log returns · counts share one denominator per cell

Realised volatility, 20: 22%≈ ±1.4% a session · moved more than that on 6 of 20
Realised volatility, 60: 21%≈ ±1.3% a session · moved more than that on 21 of 60
Realised volatility, 250: 30%≈ ±1.9% a session · moved more than that on 59 of 250
Beta to Nifty, 60: 0.75moved with Nifty on 33 of 60 sessions
Beta to Nifty, 250: 0.94moved with Nifty on 160 of 250 sessions

Up and down sessionscloses above and below the previous close

Last 20 sessions: 9 up · 11 downof 20
Last 60 sessions: 30 up · 30 downof 60
Last 250 sessions: 125 up · 125 downof 250
Best session, 250: ▲ +7.6%6 Feb
Worst session, 250: ▼ −8.8%4 Mar

Mahanagar Gas Limited is in 16 NSE indices

all 16 indices

10 bulletins on MGL

latest 19 Aug 2026

Beats in the coverage

Often mentioned with

August 2026

19 Aug Mahanagar Gas targets 1 million PNG connections by FY27Mahanagar Gas Ltd aims for 1 million new PNG connections by FY27, increasing capex by 20% to ₹1,800 cr. The company plans to triple daily connections to 3,000, supported by government initiatives and strong Q1 performance with 97,461 conversions.Medium 19 Aug Mahanagar Gas targets 1 million PNG connections by FY27Mahanagar Gas Ltd is raising its capex by 20% to ₹1,800 crore to target 1 million new PNG connections by FY27. The company aims to triple daily connections to 3,000, following a record 97,461 conversions in Q1.High

July 2026

9 Jul Oil and gas stocks rise despite rising crude pricesOil and gas stocks rallied on Thursday, with the Nifty Oil & Gas index up nearly 1%. Mahanagar Gas led gains, rising nearly 3%, despite Brent crude prices climbing to $78.92 per barrel amid US-Iran tensions.Medium

May 2026

8 May MGL announces ₹30/share dividend and ₹846 cr profitMahanagar Gas Ltd announced a total dividend of ₹30 per share for FY26, including a final dividend of ₹18. However, standalone profit after tax fell to ₹846.82 crore, down 18.6% from the previous year, highlighting mixed financial results.Medium

April 2026

4 Apr Torrent Gas increases CNG price by ₹2.50 amid global tensionsTorrent Gas raised CNG prices by ₹2.50 per kg due to geopolitical tensions in West Asia, reflecting instability in global energy markets. This follows similar hikes in LPG and ATF since April 1st, impacting local fuel costs significantly.Medium

February 2026

17 Feb Mahanagar Gas outlines ₹1,300 crore capex planMahanagar Gas Ltd plans a capital expenditure of ₹1,200-1,300 crore for the next financial year, focusing on expanding its gas infrastructure and exploring renewable energy acquisitions. This aligns with ongoing pilot projects in green hydrogen and compressed biogas.Medium 17 Feb Mahanagar Gas plans ₹1,300 crore capex for expansionMahanagar Gas Ltd plans a capital expenditure of ₹1,200-1,300 crore for the next financial year, focusing on expanding its gas network and exploring renewable energy acquisitions. This aligns with its ongoing projects in green hydrogen and compressed biogas.Medium 16 Feb Mahanagar Gas reports Q3 FY26 results and interim dividendMahanagar Gas Limited reported a 7.19% YoY increase in average sales volume for Q3 FY26, reaching 4.62 MMSCMD. The company also declared an interim dividend of ₹12 per share, reflecting strong operational performance amid ongoing infrastructure expansion.Medium 8 Feb Mahanagar Gas Q3 profit declines 9.4%, announces ₹12 dividendMahanagar Gas Limited reported a 9.4% decline in Q3 FY26 net profit to ₹201.97 cr, despite revenue rising 11.6% to ₹2,265.97 cr. The company declared an interim dividend of ₹12 per share, reflecting mixed financial performance.Medium 8 Feb Mahanagar Gas Q3 profit declines 9.4%, ₹12 dividend declaredMahanagar Gas Limited reported a 9.4% decline in Q3 FY26 net profit to ₹201.97 cr despite a 11.6% revenue increase to ₹2,265.97 cr. The company declared an interim dividend of ₹12 per share, indicating ongoing shareholder support.Medium

About Mahanagar Gas Limited

exchange masters as of 18 Sept 2026 · classification by BSE

Company: Mahanagar Gas Limited
Exchange: NSE · BSE 539957, group A
Listed on NSE: 1 Jul 2016
Classification: Energy › Oil, Gas & Consumable Fuels › Gas › LPG/CNG/PNG/LNG Supplier
Index: BSE 500
Face value: ₹10 a share
ISIN: INE002S01010
Sessions on record: 272
Price source: NSE UDiFF bhavcopy · end of day · delayed
Filings: NSE and BSE public disclosures · results, shareholding and corporate actions as filed
Computed: 1 Oct, 09:02 pm IST
Bulletins: 10 · written by the desk · not a recommendation

OI Charts is not a SEBI-registered investment adviser or research analyst. Prices, open interest, filings and the desk read are exchange data and arithmetic on it, not a basis for any investment decision.