Mahanagar Gas Ltd.
NSE: MGLMahanagar Gas Ltd.: A 30-second snapshot
Mahanagar Gas Ltd (MGL) trades at ₹1,070.9 as of 12 May 2026, down 22.2% over 12 months and 30.88% below its 52-week high, with price remaining below the 50-DMA (₹1,072.77) and 200-DMA (₹1,177.03) for an extended period. Revenue has grown at 11.5% over 5 years but earnings have contracted at -9.1% over the same window, compressing the profit margin to 11.68%. D/E stands at 3.545 on a rising debt trajectory, with a quality score of 45/100 placing it 4th among 6 Energy sector peers.
P/E
12.6
Forward P/E
11.3
ROE
—
Debt / Equity
3.54
Profit Margin
+11.7%
Div. Yield
+2.5%
5Y ROE > 15%
3/5
5Y FCF > 0
4/5
Quality
56/100
Recent context
- ·No news headlines were available for MGL in the current data run (0 articles retrieved), limiting visibility into recent regulatory, tariff, or operational developments.
- ·The 3-month price change of +0.99% suggests near-term price stabilisation relative to the 12-month loss of 22.2%, though the stock remains below key moving averages.
- ·Nearest technical support levels are at ₹1,029, ₹1,008, and ₹900; resistance is clustered at ₹1,113–₹1,168, representing a 4–9% range above current price.
Strengths
- +Dividend yield of 2.54% provides an ongoing income component; the stock has paid dividends consistently over the covered period.
- +Forward PE of 11.27 is below trailing PE of 12.57, indicating earnings are expected to improve year-on-year on a consensus basis across 29 analysts.
- +FCF was positive in 4 of the tracked years, suggesting the business generates cash in most operating periods despite the rising debt trend.
- +5-year revenue CAGR of 11.5% demonstrates sustained top-line expansion in the city gas distribution segment.
Weaknesses
- −5-year earnings CAGR of -9.1% indicates profit has eroded even as revenues have grown, pointing to structural cost or margin pressure.
- −D/E of 3.545 with a rising debt trend raises the leverage risk profile; debt consistency score of 44/100 is below median.
- −Quality score of 45/100 ranks 4th of 6 in the Energy sector, behind Coal India (77) and ONGC (54), indicating below-peer-median financial quality.
- −Price is 30.88% below the 52-week high and has declined 22.2% over 12 months, trading below both the 50-DMA and 200-DMA — a sustained multi-month downtrend by moving-average measures.
Open questions
- ?Does the divergence between 11.5% revenue growth and -9.1% earnings growth reflect a temporary cost spike (e.g., gas procurement prices) or a structural erosion of pricing power in the city gas distribution model?
- ?How sensitive is MGL's debt-servicing capacity to a rise in borrowing costs given D/E of 3.545 and a rising debt trend — and what is the maturity profile of current liabilities?
- ?Given that MGL's PE (12.57) sits above lower-quality Energy peers such as BPCL (5.03) and ONGC (9.76), what fundamental factors, if any, justify the premium relative to its quality rank of 4/6?
- ?With price 30.88% below the 52-week high and no recent news available, what company-specific catalysts — regulatory tariff revisions, volume offtake data, or capex guidance — would most directly explain the sustained price decline?
Peer comparison: Energy
Ranks 4 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| MGL | Mahanagar Gas Ltd.You're viewing | 12.6 | — | 45 |
| Industry avg | across 5 peers | 11.8 | +18.6% | 53 |
| COALINDIA | Coal India Ltd. | 9.2 | +28.1% | 77 |
| ONGC | Oil & Natural Gas Corporation Ltd. | 9.8 | — | 54 |
| BPCL | Bharat Petroleum Corporation Ltd. | 5.0 | — | 53 |
| RELIANCE | Reliance Industries Ltd. | 23.1 | +9.1% | 29 |
| DUMMYVEDL3 | Dummy Vedanta Ltd. 3 | — | — | — |
Technical state
Current price
₹1,070.90
SMA 50
₹1,072.77
SMA 200
₹1,177.03
RSI (14)
42.9 (neutral)
From 52w high
-30.9%
1Y return
-22.2%
3M return
+1.0%
50-DMA
Below
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- mediumMGL is trading at ₹1,070.9, below both its 50-DMA (₹1,072.77) and 200-DMA (₹1,177.03), and is 30.88% below its 52-week high; price has declined 22.2% over the past 12 months.
- medium5-year earnings growth is -9.1% despite 5-year revenue growth of 11.5%, indicating deteriorating profit conversion; profit margin stands at 11.68%.
- mediumDebt-to-equity ratio of 3.545 with a rising debt trend; consistency score of 44/100 and ROE data unavailable for full assessment.
- lowQuality score of 45/100 ranks 4th of 6 peers in the Energy sector; ROE exceeded 15% in only 3 of tracked years, with FCF positive in 4 years.
- lowNews section returned 0 articles (total=0); no recent company-specific headlines available for sentiment analysis.
Cross-section contradictions
- 5-year revenue growth of 11.5% contrasts sharply with earnings growth of -9.1% over the same period, suggesting cost pressures or margin compression are absorbing top-line gains.
- MGL trades at a PE of 12.57, above lower-PE peers COALINDIA (9.17), ONGC (9.76), and BPCL (5.03), despite ranking 4th of 6 on quality score (45 vs COALINDIA 77).
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 12 May 2026 · rotates through NIFTY 500 every ~5 days