About Mahanagar Gas Limited
Data last updated: 05 January 2026
Mahanagar Gas Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in oil and gas distribution and transmission, a part of the broader energy and power sector. Incorporated on 08 May 1995, the company has been in operation for over 31 years.
Registered with ROC Mumbai under CIN L40200MH1995PLC088133. Listed on BSE: 539957 and NSE: MGL.
Capital: an authorised share capital of ₹280 Cr and a paid-up capital of ₹98.78 Cr. It is led by directors including Malvika Sahni Sinha and Ajay Sinha.
Last AGM: 22 August 2025. Financial statements filed for year ended 31 March 2025. Office: Mgl House Block No.G – 33 Bandra – Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹8,145.56 Cr, a growth of 15% compared to the previous year.
The company has a workforce of approximately 526 employees as per the latest available data.
The company is associated with 1 brand - Mahanagar Gas. As per MCA filings, the company has open charges of ₹1,115.84 Cr and satisfied charges of ₹136.9 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahanagargas.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressMgl House Block No.G – 33 Bandra – Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051
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IndustryEnergy and Power, Oil & Gas Distribution & Transmission
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Mahanagar Gas Limited
Mahanagar Gas Limited has one previous CIN (Corporate Identification Number): U40200MH1995PLC088133. The current CIN is L40200MH1995PLC088133, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40200MH1995PLC088133 | Current |
| U40200MH1995PLC088133 | Previous |
Associated Brands with Mahanagar Gas Limited
Mahanagar Gas Limited operates one associated brand: Mahanagar Gas. These brands represent Mahanagar Gas Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Natural gas is distributed to households and industries in Mumbai. | mahanagargas.com |
Business Activity of Mahanagar Gas Limited
Mahanagar Gas Limited is engaged in the principal business activity of electricity, gas, steam and air condition supply, with detailed activities including manufacture of gas, distribution of gaseous fuels.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D2 | Manufacture of gas, distribution of gaseous fuels | ********* |
Auditor Details of Mahanagar Gas Limited
Mahanagar Gas Limited is audited by M/s Deloitte Haskins and Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s Deloitte Haskins and Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Mahanagar Gas Limited
Mahanagar Gas Limited is currently managed by 11 directors, with 71 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Malvika Sahni Sinha
Also directs:
Mahanagar Gas Limited, Mahindra Logistics Limited, Lords Freight (India) Private Limited and 3 more
|
Director | 24 Aug 2021 | 4 Years 10 Months | Current |
|
Ajay Sinha
Also directs:
Mahanagar Gas Limited
|
Whole-Time Director | 23 Aug 2025 | 0 Years 10 Months | Current |
|
Rajesh Dalpatbhai Patel
Also directs:
Mahanagar Gas Limited
|
Cfo | 01 Nov 2021 | 4 Years 8 Months | Current |
| Sandeep Kumar Gupta | Director | 31 Oct 2023 | 2 Years 8 Months | Current |
| Ashu Shinghal | Managing Director | 23 Dec 2022 | 3 Years 6 Months | Current |
|
Anbalagan Ponnusamy
Also directs:
Mahanagar Gas Limited, U C M Coal Company Limited, Pune (Purandar) International Airport Limited and 5 more
|
Nominee Director | 28 Jan 2025 | 1 Years 5 Months | Current |
Financials of Mahanagar Gas Limited FY 2026 filings available
Mahanagar Gas Limited reported revenue of ₹9,065.26 Cr (up 13.61% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Revenue from Operations | ₹9,065.26 Cr | ₹7,978.97 Cr | ₹6,914.35 Cr |
| Other Income | ₹119.87 Cr | ₹166.59 Cr | ₹174.87 Cr |
| Total Income | ₹9,185.13 Cr | ₹8,145.56 Cr | ₹7,089.22 Cr |
| Cost of Materials Consumed | ₹5,637.15 Cr | ₹4,680.3 Cr | ₹3,645.43 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹1.1 Cr | -₹62 Lakh | ₹17 Lakh |
| Employee Benefit Expense | ₹176.65 Cr | ₹146.81 Cr | ₹119.41 Cr |
| Finance Costs | ₹20.96 Cr | ₹14.06 Cr | ₹13.3 Cr |
| Depreciation & Amortisation | ₹409.88 Cr | ₹352.05 Cr | ₹283.87 Cr |
| Other Expenses | ₹1,801.97 Cr | ₹1,582.51 Cr | ₹1,305.44 Cr |
| Total Expenses | ₹8,045.51 Cr | ₹6,775.11 Cr | ₹5,367.62 Cr |
| Profit Before Exceptional Items & Tax | ₹1,139.62 Cr | ₹1,370.45 Cr | ₹1,721.6 Cr |
| Exceptional Items | ₹0 | -₹86 Lakh | ₹0 |
| Profit Before Tax | ₹1,139.62 Cr | ₹1,369.59 Cr | ₹1,721.6 Cr |
| Total Tax Expense | ₹294.04 Cr | ₹329.14 Cr | ₹445.23 Cr |
| Net Profit | ₹840.55 Cr | ₹1,040.45 Cr | ₹1,276.37 Cr |
| attributable to Owners | ₹841.14 Cr | ₹1,040.57 Cr | ₹1,276.37 Cr |
| attributable to NCI | -₹61 Lakh | -₹12 Lakh | ₹0 |
| Other Comprehensive Income | ₹5.31 Cr | -₹2.36 Cr | -₹3.86 Cr |
| Total Comprehensive Income | ₹845.86 Cr | ₹1,038.09 Cr | ₹1,272.51 Cr |
| EBITDA (computed) | ₹1,570.46 Cr | ₹1,736.56 Cr | ₹2,018.77 Cr |
| Basic EPS | ₹85.15 | ₹105.33 | ₹129.21 |
| Diluted EPS | ₹85.15 | ₹0.00 | ₹129.21 |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total Assets | ₹8,981.12 Cr | ₹8,270.22 Cr | ₹7,381.29 Cr |
| Non-current Assets | ₹7,144.61 Cr | ₹6,323.84 Cr | ₹5,373.52 Cr |
| Current Assets | ₹1,836.51 Cr | ₹1,946.38 Cr | ₹2,007.77 Cr |
| Property, Plant & Equipment | ₹4,984.88 Cr | ₹4,421.97 Cr | ₹3,776.83 Cr |
| Inventories | ₹62.58 Cr | ₹52.32 Cr | ₹42.07 Cr |
| Trade Receivables | ₹458.65 Cr | ₹364.06 Cr | ₹296.49 Cr |
| Cash & Equivalents | ₹57.2 Cr | ₹151.75 Cr | ₹129.37 Cr |
| Equity (Net Worth) | ₹6,441.59 Cr | ₹5,894.76 Cr | ₹5,135.11 Cr |
| Equity Share Capital | ₹98.78 Cr | ₹98.78 Cr | ₹98.78 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 | ₹0 |
| Total Debt (computed) | ₹0 | ₹0 | ₹0 |
| Current Liabilities | ₹1,958.54 Cr | ₹1,874.98 Cr | ₹1,699.78 Cr |
| Total Liabilities | ₹2,539.53 Cr | ₹2,375.46 Cr | ₹2,246.18 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Operating Cash Flow | ₹1,162.29 Cr | ₹1,814.44 Cr | ₹1,461.21 Cr |
| Investing Cash Flow | -₹888.26 Cr | -₹1,462.24 Cr | -₹358.1 Cr |
| Financing Cash Flow | -₹368.58 Cr | -₹329.8 Cr | -₹1,116.44 Cr |
| Capital Expenditure | ₹1,075.6 Cr | ₹1,183.93 Cr | ₹783.35 Cr |
| Free Cash Flow (computed) | ₹86.69 Cr | ₹630.51 Cr | ₹677.86 Cr |
| Dividends Paid | ₹296.47 Cr | ₹296.38 Cr | ₹276.59 Cr |
| Net Change in Cash | -₹94.55 Cr | ₹22.4 Cr | -₹13.33 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2,258.9 Cr | ₹2,267.93 Cr | ₹2,256.36 Cr | ₹2,282.07 Cr | ₹2,152.44 Cr | ₹2,031.51 Cr | ₹1,962.87 Cr | ₹1,832.15 Cr | ₹1,771.46 Cr | ₹1,723.77 Cr |
| Other Income | ₹29.1 Cr | ₹29.6 Cr | ₹29.02 Cr | ₹32.15 Cr | ₹42.02 Cr | ₹41.99 Cr | ₹46.93 Cr | ₹35.65 Cr | ₹44.13 Cr | ₹48.07 Cr |
| Total Income | ₹2,288 Cr | ₹2,297.53 Cr | ₹2,285.38 Cr | ₹2,314.22 Cr | ₹2,194.46 Cr | ₹2,073.5 Cr | ₹2,009.8 Cr | ₹1,867.8 Cr | ₹1,815.59 Cr | ₹1,771.84 Cr |
| Cost of Materials Consumed | ₹1,482.27 Cr | ₹1,417.51 Cr | ₹1,425.86 Cr | ₹1,311.51 Cr | ₹1,280.66 Cr | ₹1,268.58 Cr | ₹1,125.83 Cr | ₹1,005.23 Cr | ₹977.72 Cr | ₹923.06 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹54 Lakh | -₹3 Lakh | -₹12 Lakh | -₹41 Lakh | ₹19 Lakh | -₹52.4 Lakh | -₹15 Lakh | -₹14 Lakh | ₹1.5 Cr | -₹2 Lakh |
| Employee Benefit Expense | ₹43.08 Cr | ₹47.55 Cr | ₹48.88 Cr | ₹37.14 Cr | ₹35.3 Cr | ₹35.51 Cr | ₹43.95 Cr | ₹32.05 Cr | ₹30.68 Cr | ₹29.11 Cr |
| Finance Costs | ₹4.87 Cr | ₹6.4 Cr | ₹5.12 Cr | ₹4.57 Cr | ₹4.17 Cr | ₹3.49 Cr | ₹3.2 Cr | ₹3.2 Cr | ₹5.6 Cr | ₹2.72 Cr |
| Depreciation & Amortisation | ₹106.26 Cr | ₹103.55 Cr | ₹103.98 Cr | ₹96.09 Cr | ₹92.52 Cr | ₹91.07 Cr | ₹85.17 Cr | ₹83.29 Cr | ₹87.75 Cr | ₹68.29 Cr |
| Other Expenses | ₹474.13 Cr | ₹450.82 Cr | ₹443.88 Cr | ₹433.15 Cr | ₹441.28 Cr | ₹403.15 Cr | ₹379.82 Cr | ₹358.26 Cr | ₹366.52 Cr | ₹322.93 Cr |
| Total Expenses | ₹2,110.07 Cr | ₹2,025.8 Cr | ₹2,027.6 Cr | ₹1,882.05 Cr | ₹1,854.12 Cr | ₹1,801.28 Cr | ₹1,637.82 Cr | ₹1,481.89 Cr | ₹1,469.77 Cr | ₹1,346.09 Cr |
| Profit Before Exceptional Items & Tax | ₹177.93 Cr | ₹271.73 Cr | ₹257.78 Cr | ₹432.17 Cr | ₹340.34 Cr | ₹272.21 Cr | ₹371.98 Cr | ₹385.91 Cr | ₹345.82 Cr | ₹425.75 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | -₹86 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹177.93 Cr | ₹271.73 Cr | ₹257.78 Cr | ₹432.17 Cr | ₹339.48 Cr | ₹272.21 Cr | ₹371.98 Cr | ₹385.91 Cr | ₹345.82 Cr | ₹425.75 Cr |
| Total Tax Expense | ₹46.7 Cr | ₹69.86 Cr | ₹64.66 Cr | ₹113.6 Cr | ₹92.47 Cr | ₹51.05 Cr | ₹88.48 Cr | ₹97.14 Cr | ₹93.56 Cr | ₹108.57 Cr |
| Net Profit | ₹129.62 Cr | ₹201.1 Cr | ₹191.25 Cr | ₹317.79 Cr | ₹247.01 Cr | ₹221.16 Cr | ₹283.5 Cr | ₹288.77 Cr | ₹252.26 Cr | ₹317.18 Cr |
| attributable to Owners | ₹129.94 Cr | ₹201.15 Cr | ₹191.37 Cr | ₹317.89 Cr | ₹247.04 Cr | ₹221.24 Cr | ₹283.51 Cr | ₹288.78 Cr | ₹252.26 Cr | ₹317.18 Cr |
| attributable to NCI | -₹34 Lakh | -₹5 Lakh | -₹12 Lakh | -₹10.4 Lakh | -₹3 Lakh | -₹7 Lakh | -₹1 Lakh | -₹1 Lakh | ₹0 | ₹0 |
| Other Comprehensive Income | ₹4.08 Cr | ₹1.94 Cr | -₹17 Lakh | -₹54 Lakh | -₹3.06 Cr | -₹66.5 Lakh | ₹1.86 Cr | -₹50 Lakh | ₹26 Lakh | -₹41 Lakh |
| Total Comprehensive Income | ₹133.7 Cr | ₹203.04 Cr | ₹191.08 Cr | ₹317.25 Cr | ₹243.95 Cr | ₹220.5 Cr | ₹285.36 Cr | ₹288.27 Cr | ₹252.52 Cr | ₹316.77 Cr |
| EBITDA (computed) | ₹289.06 Cr | ₹381.68 Cr | ₹366.88 Cr | ₹532.83 Cr | ₹437.03 Cr | ₹366.77 Cr | ₹460.35 Cr | ₹472.4 Cr | ₹439.17 Cr | ₹496.76 Cr |
| Basic EPS | ₹13.15 | ₹20.36 | ₹19.37 | ₹32.18 | ₹25.01 | ₹22.39 | ₹28.70 | ₹29.23 | ₹25.54 | ₹32.11 |
| Diluted EPS | ₹13.15 | ₹20.36 | ₹19.37 | ₹32.18 | ₹0.00 | ₹22.39 | ₹0.00 | ₹29.23 | ₹25.54 | ₹32.11 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹9,059.77 Cr | ₹7,589.99 Cr | ₹6,861.95 Cr | ₹6,920.96 Cr | ₹3,884.9 Cr | ₹2,337.79 Cr | ₹3,264.49 Cr |
| Other Income | ₹119.2 Cr | ₹184.01 Cr | ₹175.3 Cr | ₹111.88 Cr | ₹85.74 Cr | ₹80.51 Cr | ₹98.95 Cr |
| Total Income | ₹9,178.97 Cr | ₹7,774 Cr | ₹7,037.25 Cr | ₹7,032.84 Cr | ₹3,970.64 Cr | ₹2,418.3 Cr | ₹3,363.44 Cr |
| Cost of Materials Consumed | ₹5,632.24 Cr | ₹4,458.04 Cr | ₹3,617.9 Cr | ₹4,435.64 Cr | ₹2,045.78 Cr | ₹747.21 Cr | ₹1,379.49 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹1.05 Cr | -₹12 Lakh | ₹17 Lakh | -₹79 Lakh | -₹38 Lakh | ₹10 Lakh | ₹5 Lakh |
| Employee Benefit Expense | ₹176.36 Cr | ₹137.78 Cr | ₹118.13 Cr | ₹107.89 Cr | ₹83.31 Cr | ₹87.53 Cr | ₹80.63 Cr |
| Finance Costs | ₹20.57 Cr | ₹13.43 Cr | ₹11.53 Cr | ₹9.39 Cr | ₹7.53 Cr | ₹7.19 Cr | ₹6.53 Cr |
| Depreciation & Amortisation | ₹409.18 Cr | ₹306.26 Cr | ₹273.64 Cr | ₹231.14 Cr | ₹196.27 Cr | ₹173.67 Cr | ₹161.73 Cr |
| Other Expenses | ₹1,801.15 Cr | ₹1,484.51 Cr | ₹1,283.12 Cr | ₹1,194.03 Cr | ₹831.87 Cr | ₹569 Cr | ₹751.48 Cr |
| Total Expenses | ₹8,038.45 Cr | ₹6,399.9 Cr | ₹5,304.49 Cr | ₹5,977.3 Cr | ₹3,164.38 Cr | ₹1,584.7 Cr | ₹2,379.91 Cr |
| Profit Before Exceptional Items & Tax | ₹1,140.52 Cr | ₹1,374.1 Cr | ₹1,732.76 Cr | ₹1,055.54 Cr | ₹806.26 Cr | ₹833.6 Cr | ₹983.53 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1,140.52 Cr | ₹1,374.1 Cr | ₹1,732.76 Cr | ₹1,055.54 Cr | ₹806.26 Cr | ₹833.6 Cr | ₹983.53 Cr |
| Total Tax Expense | ₹293.7 Cr | ₹329.21 Cr | ₹443.69 Cr | ₹265.49 Cr | ₹209.31 Cr | ₹214.03 Cr | ₹190.03 Cr |
| Net Profit | ₹846.82 Cr | ₹1,044.89 Cr | ₹1,289.07 Cr | ₹790.05 Cr | ₹596.95 Cr | ₹619.57 Cr | ₹793.5 Cr |
| attributable to Owners | - | - | - | - | - | - | ₹0 |
| attributable to NCI | - | - | - | - | - | - | ₹0 |
| Other Comprehensive Income | ₹5.31 Cr | -₹2.11 Cr | -₹3.85 Cr | -₹1.26 Cr | ₹13 Lakh | ₹90 Lakh | -₹1.55 Cr |
| Total Comprehensive Income | ₹852.13 Cr | ₹1,042.78 Cr | ₹1,285.22 Cr | ₹788.79 Cr | ₹597.08 Cr | ₹620.47 Cr | ₹791.95 Cr |
| EBITDA (computed) | ₹1,570.27 Cr | ₹1,693.79 Cr | ₹2,017.93 Cr | ₹1,296.07 Cr | ₹1,010.06 Cr | ₹1,014.46 Cr | ₹1,151.79 Cr |
| Basic EPS | ₹85.73 | ₹105.78 | ₹130.50 | ₹79.98 | ₹60.43 | ₹62.72 | ₹80.33 |
| Diluted EPS | ₹85.73 | ₹105.78 | ₹130.50 | ₹79.98 | ₹60.43 | ₹62.72 | ₹80.33 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹8,965.24 Cr | ₹8,203.86 Cr | ₹7,225.99 Cr | ₹6,032.3 Cr |
| Non-current Assets | ₹7,134.74 Cr | ₹6,313.21 Cr | ₹5,265.16 Cr | ₹3,943.31 Cr |
| Current Assets | ₹1,830.5 Cr | ₹1,890.65 Cr | ₹1,960.83 Cr | ₹2,089 Cr |
| Property, Plant & Equipment | ₹4,966.17 Cr | ₹4,097.91 Cr | ₹3,535.95 Cr | ₹3,020.56 Cr |
| Inventories | ₹62.5 Cr | ₹48.92 Cr | ₹39.84 Cr | ₹33.84 Cr |
| Trade Receivables | ₹458.36 Cr | ₹345.62 Cr | ₹280.61 Cr | ₹294.03 Cr |
| Cash & Equivalents | ₹56.56 Cr | ₹134.3 Cr | ₹102.69 Cr | ₹117.9 Cr |
| Equity (Net Worth) | ₹6,434.26 Cr | ₹5,889.31 Cr | ₹5,142.87 Cr | ₹4,134.22 Cr |
| Equity Share Capital | ₹98.78 Cr | ₹98.78 Cr | ₹98.78 Cr | ₹98.78 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Debt (computed) | ₹0 | ₹0 | ₹0 | ₹0 |
| Current Liabilities | ₹1,954.55 Cr | ₹1,840.28 Cr | ₹1,669.96 Cr | ₹1,561.18 Cr |
| Total Liabilities | ₹2,530.98 Cr | ₹2,314.55 Cr | ₹2,083.12 Cr | ₹1,898.08 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹1,147.45 Cr | ₹1,368.45 Cr | ₹1,563.1 Cr | ₹969.3 Cr | ₹903.68 Cr |
| Investing Cash Flow | -₹874.43 Cr | -₹1,113.33 Cr | -₹1,266.75 Cr | -₹649.1 Cr | -₹539.05 Cr |
| Financing Cash Flow | -₹368.14 Cr | -₹223.51 Cr | -₹311.56 Cr | -₹284.79 Cr | -₹310.34 Cr |
| Capital Expenditure | ₹1,061.76 Cr | ₹1,075.39 Cr | ₹770.86 Cr | ₹713.07 Cr | ₹649.02 Cr |
| Free Cash Flow (computed) | ₹85.69 Cr | ₹293.06 Cr | ₹792.24 Cr | ₹256.24 Cr | ₹254.66 Cr |
| Dividends Paid | ₹296.47 Cr | ₹296.38 Cr | ₹276.59 Cr | ₹251.82 Cr | ₹280.96 Cr |
| Net Change in Cash | -₹95.12 Cr | ₹31.61 Cr | -₹15.21 Cr | ₹35.42 Cr | ₹54.3 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2,258.07 Cr | ₹2,265.97 Cr | ₹2,255.29 Cr | ₹2,159.72 Cr | ₹2,039 Cr | ₹1,929.01 Cr | ₹1,877.41 Cr | ₹1,744.57 Cr | ₹1,719.06 Cr | ₹1,723.77 Cr | ₹1,728.94 Cr | ₹1,690.18 Cr |
| Other Income | ₹28.99 Cr | ₹29.41 Cr | ₹28.87 Cr | ₹38.69 Cr | ₹46.41 Cr | ₹46.29 Cr | ₹51.15 Cr | ₹40.16 Cr | ₹44.57 Cr | ₹48.07 Cr | ₹43.71 Cr | ₹38.95 Cr |
| Total Income | ₹2,287.06 Cr | ₹2,295.38 Cr | ₹2,284.16 Cr | ₹2,198.41 Cr | ₹2,085.41 Cr | ₹1,975.3 Cr | ₹1,928.56 Cr | ₹1,784.73 Cr | ₹1,763.63 Cr | ₹1,771.84 Cr | ₹1,772.65 Cr | ₹1,729.13 Cr |
| Cost of Materials Consumed | ₹1,481.56 Cr | ₹1,415.73 Cr | ₹1,424.88 Cr | ₹1,236.57 Cr | ₹1,213.08 Cr | ₹1,205.19 Cr | ₹1,080.01 Cr | ₹959.76 Cr | ₹951.7 Cr | ₹923.06 Cr | ₹899.28 Cr | ₹843.86 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹57 Lakh | ₹2 Lakh | -₹14 Lakh | -₹20 Lakh | ₹20 Lakh | -₹34.7 Lakh | ₹7.8 Lakh | -₹5 Lakh | -₹1.8 Lakh | -₹2 Lakh | -₹9 Lakh | ₹30 Lakh |
| Employee Benefit Expense | ₹42.98 Cr | ₹47.47 Cr | ₹48.84 Cr | ₹34.61 Cr | ₹33.02 Cr | ₹33.42 Cr | ₹41.6 Cr | ₹29.74 Cr | ₹29.4 Cr | ₹29.11 Cr | ₹31.07 Cr | ₹28.55 Cr |
| Finance Costs | ₹4.77 Cr | ₹6.3 Cr | ₹5.01 Cr | ₹3.7 Cr | ₹3.88 Cr | ₹3.38 Cr | ₹3.07 Cr | ₹3.1 Cr | ₹3.83 Cr | ₹2.72 Cr | ₹2.47 Cr | ₹2.51 Cr |
| Depreciation & Amortisation | ₹106.08 Cr | ₹103.37 Cr | ₹103.8 Cr | ₹82.58 Cr | ₹81.82 Cr | ₹79.11 Cr | ₹73.48 Cr | ₹71.85 Cr | ₹77.52 Cr | ₹68.29 Cr | ₹65.79 Cr | ₹62.04 Cr |
| Other Expenses | ₹473.76 Cr | ₹450.68 Cr | ₹443.76 Cr | ₹403.38 Cr | ₹414.33 Cr | ₹376.33 Cr | ₹357.21 Cr | ₹336.64 Cr | ₹344.19 Cr | ₹322.93 Cr | ₹319.8 Cr | ₹296.2 Cr |
| Total Expenses | ₹2,108.58 Cr | ₹2,023.57 Cr | ₹2,026.15 Cr | ₹1,760.64 Cr | ₹1,746.33 Cr | ₹1,697.08 Cr | ₹1,555.44 Cr | ₹1,401.04 Cr | ₹1,406.62 Cr | ₹1,346.09 Cr | ₹1,318.32 Cr | ₹1,233.46 Cr |
| Profit Before Exceptional Items & Tax | ₹178.48 Cr | ₹271.81 Cr | ₹258.01 Cr | ₹437.77 Cr | ₹339.08 Cr | ₹278.22 Cr | ₹373.12 Cr | ₹383.69 Cr | ₹357.01 Cr | ₹425.75 Cr | ₹454.33 Cr | ₹495.67 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹178.48 Cr | ₹271.81 Cr | ₹258.01 Cr | ₹437.77 Cr | ₹339.08 Cr | ₹278.22 Cr | ₹373.12 Cr | ₹383.69 Cr | ₹357.01 Cr | ₹425.75 Cr | ₹454.33 Cr | ₹495.67 Cr |
| Total Tax Expense | ₹46.56 Cr | ₹69.84 Cr | ₹64.64 Cr | ₹113.45 Cr | ₹86.89 Cr | ₹52.85 Cr | ₹90.31 Cr | ₹99.16 Cr | ₹92.02 Cr | ₹108.57 Cr | ₹115.83 Cr | ₹127.27 Cr |
| Net Profit | ₹131.92 Cr | ₹201.97 Cr | ₹193.37 Cr | ₹324.32 Cr | ₹252.19 Cr | ₹225.37 Cr | ₹282.8 Cr | ₹284.53 Cr | ₹264.99 Cr | ₹317.18 Cr | ₹338.5 Cr | ₹368.4 Cr |
| Other Comprehensive Income | ₹4.08 Cr | ₹1.93 Cr | -₹17 Lakh | -₹53 Lakh | -₹2.87 Cr | -₹64 Lakh | ₹1.9 Cr | -₹50 Lakh | ₹26 Lakh | -₹41 Lakh | -₹3.38 Cr | -₹30 Lakh |
| Total Comprehensive Income | ₹136 Cr | ₹203.9 Cr | ₹193.2 Cr | ₹323.79 Cr | ₹249.32 Cr | ₹224.73 Cr | ₹284.7 Cr | ₹284.03 Cr | ₹265.25 Cr | ₹316.77 Cr | ₹335.12 Cr | ₹368.1 Cr |
| EBITDA (computed) | ₹289.33 Cr | ₹381.48 Cr | ₹366.82 Cr | ₹524.05 Cr | ₹424.78 Cr | ₹360.7 Cr | ₹449.67 Cr | ₹458.64 Cr | ₹438.36 Cr | ₹496.76 Cr | ₹522.59 Cr | ₹560.22 Cr |
| Basic EPS | ₹13.35 | ₹20.45 | ₹51.93 | ₹32.83 | ₹25.53 | ₹22.82 | ₹28.63 | ₹28.80 | ₹26.83 | ₹32.11 | ₹34.27 | ₹37.30 |
| Diluted EPS | ₹13.35 | ₹20.45 | ₹51.93 | ₹32.83 | ₹25.53 | ₹22.82 | ₹28.63 | ₹28.80 | ₹26.83 | ₹32.11 | ₹34.27 | ₹37.30 |
Shareholding Pattern of Mahanagar Gas Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 32.50%, foreign institutional investors hold 24.14%, domestic institutional investors hold 21.01%, retail and other public shareholders hold 12.35% of Mahanagar Gas Limited. The company had 184,373 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 32.50% | 32.50% | 32.50% | 32.50% | 32.50% | 32.50% |
| Public | 67.50% | 67.50% | 67.50% | 67.50% | 67.50% | 67.50% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 32.50% | 32.50% | 32.50% | 32.50% | 32.50% | 32.50% | 32.50% | 42.50% | 65.00% | 65.00% |
| Public | 67.50% | 67.50% | 67.50% | 67.50% | 67.50% | 67.50% | 67.49% | 57.50% | 35.00% | 35.00% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | +0.00 | +0.00 | +0.00 | +0.00 | -10.00 | -22.50 | +0.00 | - |
Board & Governance of Mahanagar Gas Limited
As per the corporate governance filing with NSE for the quarter ended 31-DEC-2025, the board of Mahanagar Gas Limited has 8 directors - 4 independent and 2 executive. The board is chaired by Sandeep Kumar Gupta.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Sandeep Kumar Gupta | Non-Executive - Non Independent Director · Chairperson | 2023-10-31 | 3 |
| Ashu Shinghal | Executive Director · MD | 2022-12-23 | 1 |
| Ajay Sinha | Executive Director | 2025-08-23 | 1 |
| P. Anbalagan | Non-Executive - Nominee Director | 2025-01-28 | 1 |
| Malvika Sahni Sinha | Non-Executive - Independent Director | 2021-08-24 | 3 |
| Pankaj Kuchhal | Non-Executive - Independent Director | 2025-08-23 | 1 |
| Harish Kumar Agarwal | Non-Executive - Independent Director | 2024-08-24 | 1 |
| Mahesh Kumar Gupta | Non-Executive - Independent Director | 2024-08-24 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Harish Kumar Agarwal (Chairperson), Mahesh Kumar Gupta, Malvika Sahni Sinha, Ashu Shinghal |
| Nomination and remuneration committee | Mahesh Kumar Gupta (Chairperson), Sandeep Kumar Gupta, Pankaj Kuchhal |
| Stakeholders Relationship Committee | Pankaj Kuchhal (Chairperson), Harish Kumar Agarwal, Ashu Shinghal, Ajay Sinha |
| Risk Management Committee | Mahesh Kumar Gupta (Chairperson), Harish Kumar Agarwal, Malvika Sahni Sinha, Ashu Shinghal, Ajay Sinha |
| Corporate Social Responsibility Committee | Malvika Sahni Sinha (Chairperson), Pankaj Kuchhal, Ashu Shinghal, Ajay Sinha |
Charges & Borrowings of Mahanagar Gas Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Feb 2024 | Others | ₹543 Cr | Open |
| 07 Oct 2022 | Others | ₹23 Cr | Open |
| 26 Aug 2022 | Yes Bank Limited | ₹6 Cr | Open |
| 07 Dec 2021 | Yes Bank Limited | ₹1.5 Lakh | Open |
| 05 Jun 2021 | Others | ₹543 Cr | Open |
Total charge records: 13 View all charges
Employees and EPFO Compliance at Mahanagar Gas Limited
Mahanagar Gas Limited has a workforce of 526 employees as of Mar 29, 2024.
Employee Count & EPFO Data of Mahanagar Gas Limited
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GST Compliance of Mahanagar Gas Limited
GSTIN & GST Filing Data of Mahanagar Gas Limited
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Credit Ratings, Litigation & Regulatory Alerts for Mahanagar Gas Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Mahanagar Gas Limited
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MSME Payment Delays by Mahanagar Gas Limited
MSME Payment Delays by Mahanagar Gas Limited
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Subsidiaries & Group Companies of Mahanagar Gas Limited
Subsidiaries & Group Companies of Mahanagar Gas Limited
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MCA Filings & Documents of Mahanagar Gas Limited
MCA Filings & Documents of Mahanagar Gas Limited
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Recent Activity on Mahanagar Gas Limited
Recent News on Mahanagar Gas Limited
Frequently Asked Questions about Mahanagar Gas Limited
Mahanagar Gas Limited is an active public limited company in the energy and power sector based in Mumbai, Maharashtra, India. It was incorporated on 08 May 1995 (31+ years old) and is registered under CIN L40200MH1995PLC088133. Listed on BSE: 539957 and NSE: MGL. The company has 526 employees.
Mahanagar Gas Limited reported revenue of ₹8,145.56 Cr for FY 2025 (up 15.00% YoY).
The current directors of Mahanagar Gas Limited are:
The primary industry of Mahanagar Gas Limited is energy and power. The company specifically operates in oil and gas distribution and transmission. The company is currently active in this sector.
Yes. Mahanagar Gas Limited is listed on both BSE (code: 539957) and NSE (symbol: MGL).
Mahanagar Gas Limited can be reached at the registered office: Mgl House Block No.G – 33 Bandra – Kurla Complex Bandra E, Mumbai, Maharashtra, India – 400051, or through the website mahanagargas.com.