Close 2026-08-21 1267 scanned A

MGL

Mahanagar Gas Limited
Oil Gas & Consumable FuelsMid capRs 11,006 crRs 21.1 cr traded a dayOil and gasEnergy
Close on 2026-08-21
1,114.20
−2.07%
52-week range45% of the way up
908.401,363.20
Market cap
11,006 cr
P/E (TTM)
15.4×
industry 10×
EPS (TTM)
72.34
Revenue YoY
+13.9%
Q1 FY27
Profit YoY
-39.4%
Net margin
7.4%
-6.5pt vs a year ago
Growth trend
+8.9pt
vs last quarter’s YoY
1 month
+4.4%
Below 52w high
22.3%
RSI (14)
50
Daily swing
2.7%
average true range
Volume
0.4×
vs 20-day average
Traded
Rs 21 cr
median day
Close200-day averageMaterial filing
1,0001,200Aug 25Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26
260 sessions · hover for the filing behind a move
1 week
−2.15%
1 month
+4.38%
3 months
+1.66%
6 months
−7.45%
1 year
−12.70%

The read

written from the numbers on this page
The evidence leans negative2 supporting, 4 against, 1 worth knowing

Supporting

  • trading 1% above its 200-day average
  • revenue grew 14% year on year in the quarter ending 2026-06-30

Against

  • down 13% over twelve months
  • 1 of the scans it matches has historically underperformed the market
  • net margin has narrowed from 8.5% to 7.4% across four quarters
  • priced at 15× earnings against an industry median of 10× — 47% above its peers

Worth knowing

  • the 50-day and 200-day averages disagree, which usually means a turn in progress rather than a trend to lean on
MGL sits in Oil and gas, Energy — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close below 1,107, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.

What is working, what is not

read from the filings, with the figure behind every line
Working1

Revenue rose 13.9% year on year, from Rs 2,282 cr to Rs 2,599 cr.

+13.9%Rs 2,282 crRs 2,599 cr
Needs watching3

Profit grew slower than revenue, -39.4% against +13.9%.

-39.4%+13.9%

Net margin fell from 13.9% to 7.4%.

13.9%7.4%

Net profit -39.4% year on year, Rs 318 cr to Rs 193 cr.

-39.4%Rs 318 crRs 193 cr
Every figure here is computed from the company’s own filings. Wording of 3 of these 4 lines was drafted by a language model, which is given the figures and may not introduce another — any sentence containing a number that did not come from the filings is discarded before it reaches this page.

How it has performed

price return over each window, measured against zero
-2.2%1W+4.4%1M+1.7%3M-7.5%6M-12.7%1Y

What the scans say today

2 of 47 matched on 2026-08-21
MGL matches 2 of the 47 scans today, across 2 different kinds of evidence.

Valuation against its own history

500 sessions since 2024-09-06
10×
median 12×
15×
now 15×
MGL trades at 15× trailing earnings, above its median of 12× over this window — 25% more expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.

Recent filings

from the exchange, newest first
Analyst call filings were typically +0.14pt vs the market over the next 5 sessions (n=3,352) · AGM / EGM filings were typically +0.00pt vs the market over the next 5 sessions (n=4,362) · Other filing filings were typically -0.08pt vs the market over the next 5 sessions (n=12,093)

The business

from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
2.0k2.0k2.2k2.3k2.3k2.3k2.3k2.6k14.4%5.7%7.4%Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.

Going for it

  • revenue grew 14% against the same quarter a year earlier
  • net margin widened from 5.7% to 7.4%

Going against it

  • profit dropped 39% year on year
Quarter-by-quarter numbers, as filed
QuarterRevenueProfit before taxNet profitEPSNet margin
Q1 FY27
2026-06-30 · consolidated
2,59925819319.547.4%
Q4 FY26
2026-03-31 · consolidated
2,25917813013.155.7%
Q3 FY26
2025-12-31 · consolidated
2,26827220120.368.9%
Q2 FY26
2025-09-30 · consolidated
2,25625819119.378.5%
Q1 FY26
2025-06-30 · consolidated
2,28243231832.1813.9%
Q4 FY25
2025-03-31 · consolidated
2,15233924725.0111.5%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.

Where the price stands

the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-1.7%
Versus 200-day average+0.7%
Below 52-week high-18.3%
Above 52-week low+22.7%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)49.6
Higher closes in last 52 of 5
Six-month return−7.45%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)2.69%
Volume versus 20-day0.4x
Median daily turnoverRs 21.1 cr

Peers

Oil Gas & Consumable Fuels · 17 classified companies
MGL trades at 15.4× trailing earnings against an industry median of 10.4× across 16 other classified companies in its industry — more expensive than them, by 47%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
CompanyMarket cap (Rs cr)P/E1 month1 yearTurnover (Rs cr)
RELIANCE1,780,94320.2+3.44%−3.70%1,237.6
ONGC297,3986.6−6.33%−1.29%286.7
COALINDIA249,7148.0−5.12%+6.60%225.6
IOC191,9085.4−2.87%−2.66%114.6
BPCL132,8777.8+0.37%−1.25%163.4
GAIL113,09211.5+0.01%−4.07%157.8
HINDPETRO77,29346.2−5.69%−5.55%232.1
OIL77,2648.1+3.53%+18.14%126.0
AEGISLOG49,76833.7+3.58%+105.05%107.3
PETRONET43,95010.4+8.74%+5.60%40.9
MRPL30,9889.9+0.49%+39.50%129.6
MGL11,00615.4+4.38%−12.70%21.1
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet