NSE: MGL | BSE: 539957

Mid-range Performer

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1320.20 29.00 (2.25%)

33.59% Fall from 52W High

552.7K NSE+BSE Volume

NSE 08 Aug, 2025 3:31 PM (IST)

13,040.6

Market Cap

Above industry Median

1.3

Beta 1Year

Very High Volatility

Dividend

Mahanagar Gas Ltd. has an upcoming dividend of ₹18.00 per share due on 14 Aug 2025 See details

Mahanagar Gas Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MGL, BSE:539957 Mahanagar Gas Ltd.

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Mahanagar Gas Ltd.

31 Jul 2025

1320.20

2.25%

MAHANAGAR GAS LIMITED

Sell: Mahanagar Gas Ltd.

Recommendation Target

Geojit BNP Paribas

MGL delivered a steady performance, driven by its robust infrastructure network, strong customer base and a reliable, albeit costlier, gas sourcing strategy. However, looking ahead, we expect MGL's focus on expanding its footprint in newly acquired geographical areas to come at the behest of discounts as it tries to balance lost volumes due to faster EV adoption and declining institutional demand. Additionally, we also factor in the management's reduced margin guidance and unpredictability in APM and new well gas allocations. Further pass-through of cost increases could be...

Mahanagar Gas Ltd. has an average target of 1567.00 from 5 brokers.

Mahanagar Gas Ltd.

23 Jul 2025

1320.20

2.25%

FY26 margin and volume guidance moderated

Buy: Mahanagar Gas Ltd.

Target

Motilal Oswal

Mahanagar Gas (MAHGL)’s 1QFY26 adj. EBITDA margin of INR9.7/scm was below our est. of INR10.6/scm (reported EBITDA: INR12.9/scm).

Mahanagar Gas Ltd. is trading below all available SMAs

Mahanagar Gas Ltd.

23 Jul 2025

1320.20

2.25%

Mahanagar Gas (MAHGL IN) Q1FY26 Result Update Strong...

Accumulate: Mahanagar Gas Ltd.

Target

Prabhudas Lilladhar

As a result of relaxation in pricing terms for industrials combined with incentives for goods carriers taken a few quarters back, MAHGL continued its stellar volume growth at 9.6% in Q1FY26. Adj EBITDA/scm stood at Rs9.7. As a result, Adjusted EBITDA stood at Rs3.7bn (Ple/BBGe Rs4bn, -11% YoY and +18% QoQ). Adjusted PAT stood at Rs2.4bn (Ple Rs2.8bn, BBGe Rs2.6bn, -9% YoY and +6.8% QoQ). We believe that the volume momentum is likely to sustain, especially due to strong pick up in GA3, momentum in CNG adoption by goods...

Mahanagar Gas Ltd. has lost -26.90% in the last 1 Year

Mahanagar Gas Ltd.

08 Jun 2025

1320.20

2.25%

Volume growth and margin outlook remain intact

Buy: Mahanagar Gas Ltd.

Target

Motilal Oswal

Valuations inexpensive: Over the last eight months, MAHGL’s share price has corrected ~30%, with the stock now trading at 11x FY27E P/E.

Geojit BNP Paribas downgraded Mahanagar Gas Ltd. to Sell with a price target of 1266.0 on 31 Jul, 2025.

Mahanagar Gas Ltd.

08 May 2025

1320.20

2.25%

Some miss on higher opex; volume growth healthy

Buy: Mahanagar Gas Ltd.

Target

Emkay

MGL’s Q4FY25 SA adj EBITDA/APAT of Rs3.2/2.1bn missed our estimates by 5%/6% due to 5% higher unit opex. EBITDA/scm of Rs8.3 was hence 5% below estimate and flat QoQ.

Mahanagar Gas Ltd. is trading below all available SMAs

Mahanagar Gas Ltd.

07 May 2025

1320.20

2.25%

Mahanagar Gas (MAHGL IN) Q4FY25 Result Update Strong...

Hold: Mahanagar Gas Ltd.

Target

Prabhudas Lilladhar

We downgrade the stock from Accumulate' to Hold amid recent runup in the stock. MAHGL reported adj EBITDA of Rs3.2bn in Q4FY25, down 20% YoY (PLe: Rs3.6bn, BBGe: Rs3.5bn). Miss was mainly on account of higher opex. The adjustment is on account of reversal of discounts given to the OMCs of Rs633.5mn. Adj PAT came in at Rs2.1bn, down 22.6% YoY (PLe: Rs2.4bn, BBGe: Rs2.5bn). For the full year, adjusted EBITDA stood at Rs14.5bn, -21.5% YoY. FY25 adj PAT stood at Rs10bn, -22.7% YoY. We build in volume growth of 10%...