Mahanagar Gas Limited (NSE:MGL)

Mahanagar Gas Ratios and Metrics

Market cap in millions INR. Fiscal year is April - March.

Total Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct 16, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Market Capitalization	102,729	91,636	137,000	134,738	97,143	76,953
Market Cap Growth	-20.65%	-33.11%	1.68%	38.70%	26.24%	-33.36%
Enterprise Value	93,599	81,000	122,408	114,521	84,056	59,477
Last Close Price	1054.00	912.91	1332.54	1286.03	905.11	695.43

Price Ratios

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct 16, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	14.55	10.89	13.17	10.49	12.30	12.89
Forward PE	12.83	15.19	16.79	-	-	-
PS Ratio	1.22	1.11	1.89	2.14	1.54	2.16
PB Ratio	1.62	1.42	2.33	2.62	2.35	2.14
P/TBV Ratio	1.73	1.52	2.52	2.88	2.35	2.14
P/FCF Ratio	120.10	105.71	61.52	17.18	37.91	30.22
P/OCF Ratio	8.96	7.88	9.74	8.59	10.02	8.52
PEG Ratio	-	6.36	0.99	-	-	-

EV Ratios

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct 16, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
EV/Sales Ratio	1.11	0.98	1.69	1.82	1.33	1.67
EV/EBITDA Ratio	7.31	5.77	7.96	6.29	7.25	6.54
EV/EBIT Ratio	10.98	7.77	10.02	7.28	8.77	8.07
EV/FCF Ratio	109.56	93.44	54.97	14.60	32.81	23.36

Financial Efficiency

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct 16, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Debt / Equity Ratio	0.04	0.04	0.03	0.03	0.03	0.03
Debt / EBITDA Ratio	0.17	0.15	0.13	0.08	0.10	0.11
Debt / FCF Ratio	-	2.57	0.90	0.18	0.45	0.40
Net Debt / Equity Ratio	-0.14	-0.14	-0.20	-0.25	-0.34	-0.40
Net Debt / EBITDA Ratio	-0.71	-0.66	-0.77	-0.71	-1.22	-1.59
Net Debt / FCF Ratio	-	-10.65	-5.30	-1.65	-5.53	-5.68
Asset Turnover	-	0.95	0.93	0.95	1.12	0.72
Inventory Turnover	-	100.85	102.17	96.14	144.64	82.38
Quick Ratio	-	0.88	0.98	1.07	1.23	1.36
Current Ratio	-	0.94	1.04	1.12	1.29	1.39
Return on Equity (ROE)	-	13.63%	18.85%	27.69%	20.44%	17.48%
Return on Assets (ROA)	-	7.54%	9.82%	14.80%	10.63%	9.37%
Return on Invested Capital (ROIC)	11.72%	15.10%	21.69%	35.63%	29.46%	27.49%
Return on Capital Employed (ROCE)	-	14.90%	19.00%	28.30%	21.40%	18.90%

Yields

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct 16, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Earnings Yield	6.87%	9.18%	7.59%	9.54%	8.13%	7.76%
FCF Yield	0.83%	0.95%	1.63%	5.82%	2.64%	3.31%
Dividend Yield	2.88%	3.23%	2.16%	2.20%	2.64%	3.21%
Payout Ratio	41.42%	35.25%	28.49%	21.53%	31.87%	47.07%
Total Shareholder Return	2.85%	3.23%	2.16%	2.20%	2.64%	3.21%

Data Source: S&P Global Market Intelligence Last updated: Jul 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 19, 2026

Data Sources Report a data error