Mahanagar Gas Limited

Mahanagar Gas Limitedverified

MGL.NS

Price:

$1170

Market Cap:

$115.57B

Mahanagar Gas Limited operates as a natural gas distribution company in India. The company provides domestic piped natural gas (PNG), commercial PNG, industrial PNG, and compressed natural gas (CNG), as well as manufactures gas geysers. It operates 290 CNG filing stations that provides gas to approximately 8.5 lakh vehicles with 1,738 dispensing points; 550 km of steel pipeline and approximately 5,670 km of MDPE pipeline; and 4,339 commercial and industrial customers. The company's PNG is used for various applications, such as cooking and water heating, as well as in hospitals, nursing homes, hotels, flight kitchens, restaurants, places of worship, etc. Mahanagar Gas Limited was incorporated...[Read more]

Industry

Regulated Gas

IPO Date

2016-07-01

Stock Exchange

NSE

Ticker

MGL.NS

The PE Ratio as of December 2025 (TTM) for Mahanagar Gas Limited (MGL.NS) is 11.86

According to Mahanagar Gas Limited’s latest financial reports and current stock price. The company's current PE Ratio is 11.86. This represents a change of -15.92% compared to the average of 14.11 of the last 4 quarters.

Mahanagar Gas Limited (MGL.NS) Historical PE Ratio (quarterly & annually)

How has MGL.NS PE Ratio performed in the past?

The mean historical PE Ratio of Mahanagar Gas Limited over the last ten years is 15.62. The current 11.86 PE Ratio has changed 7.49% with respect to the historical average. Over the past ten years (40 quarters), MGL.NS's PE Ratio was at its highest in in the June 2020 quarter at 57.43. The PE Ratio was at its lowest in in the June 2023 quarter at 7.03.

Quarterly (TTM)
Annual

Average

15.62

Median

14.90

Minimum

10.19

Maximum

22.48

Mahanagar Gas Limited (MGL.NS) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Mahanagar Gas Limited PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 82.92%

Maximum Annual PE Ratio = 22.48

Minimum Annual Increase = -45.15%

Minimum Annual PE Ratio = 10.19

Quarterly (TTM)
Annual
YearPE RatioChange
202513.1622.74%
202410.72-12.82%
202312.30-4.62%
202212.89-30.83%
202118.6482.92%
202010.19-45.15%
201918.57-9.96%
201820.63-8.24%
201722.4835.03%
201616.65-2.49%

Mahanagar Gas Limited (MGL.NS) Average PE Ratio

How has MGL.NS PE Ratio performed in the past?

The current PE Ratio of Mahanagar Gas Limited (MGL.NS) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

12.06

5-year avg

13.54

10-year avg

15.62

Mahanagar Gas Limited (MGL.NS) PE Ratio vs. Peers

How is MGL.NS’s PE Ratio compared to its peers?

Mahanagar Gas Limited’s PE Ratio is less than Gujarat State Petronet Limited (16.06), less than Gujarat State Petronet Limited (16.06), less than Jaiprakash Power Ventures Limited (17.49), less than Jaiprakash Power Ventures Limited (17.49), less than Waaree Renewable Technologies (29.43), less than KPI Green Energy Limited (22.04), less than KPI Green Energy Limited (22.04), greater than Reliance Infrastructure Limited (2.03), less than Inox Green Energy Services Limited (204.62), greater than Reliance Infrastructure Limited (2.03),

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