Mahanagar Gas Stock Price - ₹1,066.40 | Oil & Gas

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Company insights, generated from the most recent coverage.

MGL gains from PNG incentive scheme through 200 SCM APM gas allocation per new connection, reducing reliance on expensive LNG and accelerating payback from 10 to 3 years.
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Key beneficiary of government PNG incentive scheme; expected to see improved ROCE and EBITDA margins via cheaper APM gas allocation.
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The Quarter story

The two most recent quarterly results, compared side-by-side.

Mahanagar Gas drives top-line growth and CNG adoption, but rising gas costs and margin compression weigh on profitability.

CNG volumes grew from 3.185 MMSCMD in Q1 FY26 to 3.496 MMSCMD in Q1 FY27, confirming steady demand expansion.

Gas cost per unit climbed from ₹32.00 in Q1 FY26 to ₹39.85 in Q1 FY27, squeezing input margins.

CNG sales volume composition rose from 70.50% in Q1 FY26 to 73.34% in Q1 FY27, showing stronger market adoption.

EBITDA margin contracted from 24.6% in Q1 FY26 to 14.46% in Q1 FY27, signaling ongoing profitability pressure.

Domestic gas volumes increased from 0.571 MMSCMD in Q1 FY26 to 0.623 MMSCMD in Q1 FY27, reflecting consistent household usage.

Commercial PNG price per MMBTU surged from ₹1,780 in Q1 FY26 to ₹2,142 in Q4 FY26, reflecting sharp cost escalation.

Consolidated revenue expanded from ₹1,976 Cr in Q1 FY26 to ₹2,372 Cr in Q1 FY27, driving top-line growth.

Industrial sales volume composition fell from 12.82% in Q1 FY26 to 10.31% in Q1 FY27, indicating weakening factory demand.

CNG vs petrol savings widened from 10.59% in Q2 FY26 to 46.23% in Q4 FY26, making fuel switching highly attractive.

Consolidated volumes dropped from 4.672 MMSCMD in Q4 FY26 to 0.648 MMSCMD in Q1 FY27, pointing to a severe demand contraction.

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In the news

Mahanagar Gas raises CNG price to ₹88/kg from September 1

Centre appoints district nodal officers to speed up PNG adoption

Mahanagar Gas announces 180% final dividend of ₹18/share

Mahanagar Gas Q1 profit up 47% QoQ to ₹194 cr; Motilal Oswal targets ₹1560

Swiggy Gets Mixed Buy Ratings; Targets ₹350-₹520

India's Gas Crisis: How Qatar's LNG Shutdown Hit Q1 FY27 Earnings

MGL shares surge 23% on PNG adoption push, analysts see upside

GAIL shares surge 5.11% for third straight session

Mahanagar Gas Targets 31% Upside as Motilal Oswal Maintains Buy

Nomura prefers IOC over BPCL, HPCL as diesel margins soar

Mahanagar Gas Gets Buy Rating with ₹1,352 Target Price

CD Equisearch recommends Mahanagar Gas buy at ₹1352 target

Mahanagar Gas: Mumbai's Fuel Price Puzzle

City-Gas Distributors Face Pricing Crisis Amid West Asian Supply Disruptions

Mumbai CNG Prices Rise Rs 2 to Rs 86/kg in Second Hike This Month

Mahanagar Gas suspends subsidies amid West Asia conflict

Mumbai CNG Prices Rise to ₹84/kg After Delhi Hike

Mahanagar Gas Cuts Commercial Gas Subsidies Amid Energy Crisis

Mahanagar Gas halts all subsidies amid energy crisis

Adani Total Gas rises 1.13% for third straight session

Mahanagar Gas