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Mahanagar Gas (MGL)₹1,123−0.35%LPG/CNG/PNG/LNG Supplier
In the Jun 2026 quarter (consolidated), Mahanagar Gas reported sales of ₹2,377 Cr, up 14.0% from Jun 2025, and net profit of ₹193 Cr, down 39.6% year on year. For the year to Mar 2026, sales were ₹8,257 Cr and net profit ₹841 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,573 | 1,573 | 1,616 | 1,669 | 1,788 | 1,850 | 1,968 | 2,086 | 2,055 | 2,062 | 2,055 | 2,377 |
| Expenses | 1,095 | 1,123 | 1,222 | 1,232 | 1,378 | 1,527 | 1,576 | 1,588 | 1,719 | 1,716 | 1,800 | 2,038 |
| Operating Profit | 479 | 449 | 395 | 437 | 413 | 325 | 394 | 499 | 336 | 351 | 258 | 342 |
| OPM % | 30.0% | 29.0% | 24.0% | 26.0% | 22.9% | 18.0% | 20.0% | 24.0% | 16.0% | 17.0% | 13.0% | 14.0% |
| Other Income | 44.11 | 48.14 | 44.09 | 36.10 | 47.07 | 42.08 | 42.10 | 32.08 | 29.07 | 30.05 | 29.04 | 30.05 |
| Interest | 2.01 | 3.01 | 6.01 | 3.01 | 3.01 | 3.01 | 4.01 | 5.01 | 5.01 | 6.01 | 5.01 | 6.01 |
| Depreciation | 66.24 | 68.27 | 81.24 | 83.27 | 84.23 | 91.36 | 93.34 | 96.35 | 104 | 104 | 106 | 109 |
| Profit before tax | 452 | 425 | 351 | 385 | 372 | 271 | 338 | 429 | 255 | 270 | 175 | 257 |
| Tax % | 25.0% | 26.0% | 26.0% | 25.0% | 23.0% | 19.0% | 27.0% | 26.0% | 25.0% | 26.0% | 26.0% | 25.0% |
| Net Profit | 338 | 317 | 261 | 289 | 287 | 221 | 247 | 319 | 191 | 201 | 130 | 193 |
| EPS (Rs) | 34.32 | 32.19 | 26.45 | 29.32 | 29.11 | 22.44 | 25.07 | 32.31 | 19.42 | 20.40 | 13.18 | 19.58 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales | 6,309 | 6,302 | 7,280 | 8,257 | 8,549 |
| Expenses | 5,129 | 4,461 | 5,716 | 6,822 | 7,272 |
| Operating Profit | 1,183 | 1,844 | 1,568 | 1,444 | 1,286 |
| OPM % | 19.0% | 29.0% | 22.0% | 18.0% | 15.0% |
| Other Income | 112 | 175 | 167 | 120 | 118 |
| Interest | 9.01 | 13.01 | 14.01 | 21.02 | 22.04 |
| Depreciation | 232 | 278 | 353 | 411 | 424 |
| Profit before tax | 1,053 | 1,724 | 1,365 | 1,131 | 958 |
| Tax % | 25.0% | 26.0% | 24.0% | 26.0% | — |
| Exceptional items | 0.00 | 76.93 | 113 | 88.88 | — |
| Net Profit | 791 | 1,285 | 1,041 | 841 | 715 |
| EPS (Rs) | 80.15 | 130.41 | 105.55 | 85.36 | 72.58 |
| Dividend payout % | 20.0% | 23.0% | 28.0% | 35.0% | — |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 98.97 | 98.99 | 99.03 | 99.06 |
| Reserves | 4,028 | 5,030 | 5,772 | 6,322 |
| Borrowings | 115 | 141 | 202 | 224 |
| Other Liabilities | 1,792 | 1,983 | 2,234 | 2,342 |
| Total Liabilities | 6,033 | 7,253 | 8,306 | 8,985 |
| Fixed Assets | 3,024 | 4,232 | 4,856 | 5,393 |
| CWIP | 706 | 820 | 1,064 | 1,266 |
| Investments | 1,315 | 1,073 | 1,166 | 1,153 |
| Other Assets | 990 | 1,128 | 1,220 | 1,174 |
| Inventories | 34.08 | 42.12 | 52.08 | 63.17 |
| Trade receivables | 295 | 297 | 365 | 460 |
| Cash & equivalents | 228 | 425 | 332 | 114 |
| Total Assets | 6,033 | 7,253 | 8,306 | 8,985 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from operating activity | 966 | 1,562 | 1,404 | 1,158 |
| Cash from investing activity | −649 | −1,059 | −1,054 | −889 |
| Cash from financing activity | −285 | −499 | −332 | −369 |
| Net cash flow | 34.95 | 10.99 | 21.96 | −94.94 |
| Capex | 713 | 783 | 1,184 | 1,076 |
| Free cash flow | 256 | 783 | 228 | 87.77 |
| CFO / OP % | 103.9% | 107.9% | 106.9% | 99.0% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor days | 17 | 17 | 18 | 20 |
| Inventory days | 4 | 5 | 5 | 5 |
| Days payable | 26 | 35 | 34 | 31 |
| Cash conversion cycle | −7 | −13 | −11 | −7 |
| Working capital days | −63 | −72 | −66 | −56 |
| ROCE % | — | 34.0% | 23.0% | 17.0% |
For the Jun 2026 quarter, Mahanagar Gas reported sales of ₹2,377 Cr, up 14.0% year on year and net profit of ₹193 Cr, down 39.6% year on year. The operating margin was 14.0%.
Mahanagar Gas' sales for the year to Mar 2026 were ₹8,257 Cr; over the last twelve months they were ₹8,549 Cr.
Net profit for the year to Mar 2026 was ₹841 Cr, and ₹715 Cr over the last twelve months. Earnings per share over the same trailing period were ₹72.58.
Mahanagar Gas reported borrowings of ₹224 Cr at Mar 2026, against cash and equivalents of ₹114 Cr.
Cash from operations was ₹1,158 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹87.77 Cr.