Stock MGL MAHANAGAR GAS LIMITED
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Company Mahanagar Gas Limited

Equities

MGL

INE002S01010

Natural Gas Utilities

Market Closed - NSE India S.E.
Other stock markets
 07:43:48 2024-04-26 am EDT 		5-day change 1st Jan Change
1,461 INR +0.81% Intraday chart for Mahanagar Gas Limited +5.00% +21.70%
Mar. 21 Jefferies Adjusts Mahanagar Gas’s Price Target to INR1,540 From INR1,515, Keeps at Buy MT
Feb. 27 Mahanagar Gas to Buy 31% Stake in Electric Vehicles Maker 3EV For INR960 Million MT

Business Summary

Mahanagar Gas Limited is an India-based natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane and Raigad districts of Maharashtra. It operates in the business of city gas distribution segment. It offers PNG for domestic, commercial and industrial purpose. Its domestic PNG is used for various purposes like cooking and water heating. It is also used by hospitals, nursing homes, hotels, flight kitchens, restaurants, places of worship and others. It offers PNG for various industries, including metal, pharmaceuticals, food and beverages, printing and dyeing, oil mills, power generation and air conditioning. It supplies CNG to Brihanmumbai Electricity Supply and Transport/Thane Municipal Transport/Maharashtra State Road Transport Corporation/Navi Mumbai Municipal Transport (BEST/TMT/MSRTC/NMMT) buses, light commercial vehicles (LCVs)/ tempos/ trucks/private buses. It also installs gas geysers.

Number of employees: 509

Sales per Business

INR in Million2022Weight2023Weight Delta
Natural Gas
99.6 %
38,559 99.3 % 68,935 99.6 % +78.78%
Other
0.3 %
237 0.6 % 220 0.3 % -7.24%
Pipes, Fittings and Other Materials
0.1 %
52 0.1 % 55 0.1 % +4.77%

Sales per region

INR in Million2022Weight2023Weight Delta
India
100.0 %
38,849 100.0 % 69,210 100.0 % +78.15%

Managers

Managers TitleAgeSince
Ashu Shinghal CEO
 Chief Executive Officer 55 22-12-22
Rajesh Patel DFI
 Director of Finance/CFO - 21-10-31
Atul Prabhu CMP
 Compliance Officer - -
Srinivasan Murali COO
 Chief Operating Officer 60 02-10-02
Sanjay Shende BRD
 Director/Board Member 58 21-05-23
Sitanshu Sekhar Roychowdhury PRN
 Corporate Officer/Principal - 21-03-02
Manas Das PRN
 Corporate Officer/Principal - 20-09-23
T. L. Sharnagat PRN
 Corporate Officer/Principal 55 08-05-16
Chakrapani Atmakur HRO
 Human Resources Officer 58 19-01-15
Rajesh P. Wagle SAM
 Sales & Marketing 58 02-07-21

Members of the board

Members of the board TitleAgeSince
Venkatraman Srinivasan BRD
 Director/Board Member 64 21-08-23
Malvika Sinha BRD
 Director/Board Member 64 21-08-23
Ashu Shinghal CEO
 Chief Executive Officer 55 22-12-22
Sandeep Kumar Gupta CHM
 Chairman 59 23-10-30
Syed S. Hussain BRD
 Director/Board Member 73 19-09-08
Sanjay Shende BRD
 Director/Board Member 58 21-05-23
Rajeev Bhaskar Sahi BRD
 Director/Board Member 64 21-08-23
Harshadeep Shriram Kamble BRD
 Director/Board Member - 22-11-10

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 98,777,778 56,797,250 ( 57.50 %) 0 57.50 %

Shareholders

NameEquities%Valuation
GAIL INDIA LIMITED
32.50 %
32,102,750 32.50 % 525 M ₹
State of Maharashtra
10.00 %
9,877,778 10.00 % 161 M ₹
Life Insurance Corporation of India (Investment Portfolio)
9.030 %
8,919,236 9.030 % 146 M ₹
UTI Asset Management Co. Ltd. (Investment Management)
1.338 %
1,322,090 1.338 % 22 M ₹
HDFC LIFE INSURANCE COMPANY LIMITED
1.202 %
1,187,369 1.202 % 19 M ₹
THE NEW INDIA ASSURANCE COMPANY LIMITED
1.061 %
1,047,642 1.061 % 17 M ₹
Aditya Birla Sun Life Amc Ltd. (Investment Management)
0.8609 %
850,388 0.8609 % 14 M ₹
Axis Asset Management Co. Ltd.
0.7997 %
789,956 0.7997 % 13 M ₹
Baroda BNP Paribas Asset Management India Pvt Ltd.
0.4452 %
439,800 0.4452 % 7 M ₹
Tata Asset Management Ltd.
0.3875 %
382,800 0.3875 % 6 M ₹

Company contact information

Mahanagar Gas Ltd.

MGL House Bandra-Kurla Complex, G-33 Block

400051, Mumbai

+91 22 6678 5000

http://www.mahanagargas.com
address Mahanagar Gas Limited(MGL)

Sector

Utilities
Utilities
Natural Gas Utilities
Natural Gas Utilities
Natural Gas Distribution

Sales per Business

Ratings for Mahanagar Gas Limited

Trading Rating
Investor Rating
ESG Refinitiv
D-
More Ratings

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Natural Gas Distribution

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