NSE: MGL | BSE: 539957

Falling Comet

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1115.40 9.80 (0.89%)

New 52W Low in past week

329.9K NSE+BSE Volume

NSE 10 Dec, 2025 3:31 PM (IST)

11,017.7

Market Cap

Above industry Median

Beta 1Year

Very High Volatility

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.

Mahanagar Gas Ltd.

27 Jul 2024

1115.40

0.89%

Second successive quarter of double-digit volume growth; margins should pick up as well

Buy: Mahanagar Gas Ltd.

Target

ICICI Securities Limited

Mahanagar Gas (MGL) has reported Q1FY25 EBITDA/PAT of INR 4.2/2.85bn (+6/+7% QoQ; -20/-23% YoY), well ahead of I-Sec’s estimates of INR 3.9bn/2.6bn.

Mahanagar Gas has lost -21.25% in the last 6 Months

Mahanagar Gas Ltd.

27 Jul 2024

1115.40

0.89%

Mahanagar Gas (HOLD): Recent run-up raises bar on growth, downgrade to HOLD

Hold: Mahanagar Gas Ltd.

Recommendation Target

BOB Capital Markets Ltd.

MAHGL breaks out of modest growth history, clocking 12% YoY volume growth over past six months

Geojit BNP Paribas upgraded Mahanagar Gas Ltd. to Hold with a price target of 1326.0 on 25 Nov, 2025.

Mahanagar Gas Ltd.

09 Jun 2024, 12:00AM

1115.40

0.89%

UEPL and LCV initiatives to propel volume growth

Buy: Mahanagar Gas Ltd.

Target

Motilal Oswal

Total gas consumption is likely to improve to 500mmscmd in FY30 from
185mmscmd in FY24. Further, the CGD sector’s gas consumption is likely to
grow to 103mmscmd in FY30 from 34mmscmd in FY24.

Number of FII/FPI investors decreased from 366 to 343 in Sep 2025 qtr

Mahanagar Gas Ltd.

08 Jun 2024

1115.40

0.89%

Thrust on core, combined with new forays

Buy: Mahanagar Gas Ltd.

Emkay

Mahanagar Gas (MGL) hosted its analyst meet on 7-Jun-24, highlighting its strong FY24 performance, and guided to a steady 5-year volume CAGR of 6- 7%/>10% in standalone (SA)/Unison Enviro (UEPL) vs. ~5% during FY19-24.

Mahanagar Gas Ltd. has an average target of 1553.67 from 6 brokers.

Mahanagar Gas Ltd.

11 May 2024

1115.40

0.89%

Focus tilts towards volume growth; retain BUY

Buy: Mahanagar Gas Ltd.

Emkay

MGL’s Q4FY24 SA EBITDA/PAT of Rs3.9bn/Rs2.7bn was 6%/10% lower than
our expectation, mainly due to lower realization (higher industrial volume
share) affecting gross margin and on slightly higher opex.

Mahanagar Gas Ltd. is trading below all available SMAs

Mahanagar Gas Ltd.

29 Jan 2024

1115.40

0.89%

First Light | Bajaj Auto, TVS Motor, SBI Card, Laurus Labs, Cipla, Mahanagar Gas, DCB Bank, SBI Life

Buy: Mahanagar Gas Ltd.

BOB Capital Markets Ltd.

BJAUT: Healthy revival but priced in; downgrade to SELL. TVSL: On a fast track raise to BUY. SBICARD: Asset quality concerns persist; downgrade to HOLD. LAURUS: Challenges galore cut to SELL. CIPLA: Healthy revenue growth, strong margins. MAHGL: Volume growth accelerating, reiterate BUY. DCBB: NII sequentially flat on high interest cost. SBILIFE: ULIP-led growth; maintains market leadership