Mahanagar Gas Limited (NSE:MGL)
India · Delayed Price · Currency is INR 1,092.20
+15.00 (1.39%)
Jun 2, 2026, 3:30 PM IST
Mahanagar Gas Stock Forecast
Stock Price Forecast
According to 29 analysts polled by S&P Global, Mahanagar Gas stock has a consensus rating of "Buy" and an average price target of ₹1,308. The average 1-year stock price forecast is 19.72% higher than the current stock price, while the lowest is ₹1,020 (-6.61%) and the highest is ₹1,822 (+66.82%).
Price Target: ₹1,308 (+19.72%)
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 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 14 | 14 | 16 | 15 | 15 | 12 |
| Buy | 7 | 7 | 7 | 7 | 7 | 9 |
| Hold | 5 | 5 | 4 | 4 | 4 | 5 |
| Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Strong Sell | 4 | 3 | 2 | 2 | 2 | 2 |
| Total | 30 | 29 | 30 | 29 | 29 | 29 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Sell Maintains ₹900.00 → ₹1,020 | Sell | Maintains | ₹900.00 → ₹1,020 | -6.61% | May 8, 2026 |
| J.P. Morgan | J.P. Morgan | Hold Maintains ₹980.00 | Hold | Maintains | ₹980.00 | -10.27% | Apr 10, 2026 |
Unknown Analyst Prabhudas Lilladher No rating | Prabhudas Lilladher | Buy Maintains ₹1,305 | Buy | Maintains | ₹1,305 | +19.48% | Feb 10, 2026 |
Unknown Analyst Axis Direct No rating | Axis Direct | Buy Maintains ₹1,540 | Buy | Maintains | ₹1,540 | +41.00% | Feb 10, 2026 |
Unknown Analyst Motilal Oswal No rating | Motilal Oswal | Buy Maintains ₹1,535 | Buy | Maintains | ₹1,535 | +40.54% | Feb 3, 2026 |
Financial Forecast
Revenue This Year
91.54B
from 82.46B
Increased by 11.01%
Revenue Next Year
99.92B
from 91.54B
Increased by 9.16%
EPS This Year
73.49
from 85.15
Decreased by -13.69%
EPS Next Year
94.32
from 73.49
Increased by 28.34%
Financial currency is INR.
Revenue Forecast
| Revenue | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 100.2B | ||
| Avg | 91.5B | ||
| Low | 74.1B |
Revenue Growth
| Revenue Growth | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 21.5% | ||
| Avg | 11.0% | ||
| Low | -10.1% |
EPS Forecast
| EPS | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 91.80 | ||
| Avg | 73.49 | ||
| Low | 54.80 |
EPS Growth
| EPS Growth | 2027 | 2028 | 2029 |
|---|---|---|---|
| High | 7.8% | ||
| Avg | -13.7% | ||
| Low | -35.6% |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Financial forecast data provided by S&P Global Market Intelligence. The data is sourced from Wall Street analysts. Data sources.