Mahanagar Gas Limited (NSE:MGL)
India · Delayed Price · Currency is INR 1,192.20
-27.80 (-2.28%)
Jun 24, 2026, 10:50 AM IST
Mahanagar Gas Stock Forecast
Stock Price Forecast
According to 30 analysts polled by S&P Global, Mahanagar Gas stock has a consensus rating of "Buy" and an average price target of ₹1,307. The average 1-year stock price forecast is 9.66% higher than the current stock price, while the lowest is ₹1,020 (-14.44%) and the highest is ₹1,822 (+52.83%).
Price Target: ₹1,307 (+9.66%)
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Mahanagar Gas stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 14 | 16 | 15 | 15 | 13 | 14 |
| Buy | 7 | 7 | 7 | 7 | 9 | 9 |
| Hold | 5 | 4 | 4 | 4 | 4 | 4 |
| Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 3 | 2 | 2 | 2 | 2 | 2 |
| Total | 29 | 30 | 29 | 29 | 29 | 30 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
Unknown Analyst Axis Direct No rating | Axis Direct | Buy Maintains ₹1,331 | Buy | Maintains | ₹1,331 | +11.64% | Jun 22, 2026 |
| Jefferies | Jefferies | Sell Maintains ₹900.00 → ₹1,020 | Sell | Maintains | ₹900.00 → ₹1,020 | -14.44% | May 8, 2026 |
| J.P. Morgan | J.P. Morgan | Hold Maintains ₹980.00 | Hold | Maintains | ₹980.00 | -17.80% | Apr 10, 2026 |
Unknown Analyst Prabhudas Lilladher No rating | Prabhudas Lilladher | Buy Maintains ₹1,305 | Buy | Maintains | ₹1,305 | +9.46% | Feb 10, 2026 |
Unknown Analyst Motilal Oswal No rating | Motilal Oswal | Buy Maintains ₹1,535 | Buy | Maintains | ₹1,535 | +28.75% | Feb 3, 2026 |
Financial Forecast
Revenue This Year
91.76B
from 82.46B
Increased by 11.28%
Revenue Next Year
99.92B
from 91.76B
Increased by 8.90%
EPS This Year
74.69
from 85.73
Decreased by -12.88%
EPS Next Year
93.78
from 74.69
Increased by 25.56%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.
Revenue Forecast
| Revenue | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 100.2B | ||
| Avg | 91.8B | ||
| Low | 74.1B |
Revenue Growth
| Revenue Growth | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 21.5% | ||
| Avg | 11.3% | ||
| Low | -10.1% |
EPS Forecast
| EPS | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 103.21 | ||
| Avg | 74.69 | ||
| Low | 54.80 |
EPS Growth
| EPS Growth | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 20.4% | ||
| Avg | -12.9% | ||
| Low | -36.1% |