Mahanagar Gas Limited (MGL) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.086x

Based on the latest financial reports, Mahanagar Gas Limited (MGL) has a cash flow conversion efficiency ratio of 0.086x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Rs5.36 Billion ≈ $57.93 Million USD) by net assets (Rs62.23 Billion ≈ $673.04 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Mahanagar Gas Limited balance sheet independence to measure how much of total assets are equity-financed.

Mahanagar Gas Limited - Cash Flow Conversion Efficiency Trend (2011–2026)

This chart illustrates how Mahanagar Gas Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check MGL cash flow quality score to evaluate the quality of earnings relative to operating cash generation.

Mahanagar Gas Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Mahanagar Gas Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Heritage Financial Corporation NASDAQ:HFWA	0.013x
Bk Harda Internasional Tbk Pt JK:BBHI	0.052x
Arcadyan Technology Corp TW:3596	0.320x
MBB INDUSTRIES XETRA:MBB	0.067x
Upwork Inc NASDAQ:UPWK	0.101x
Guangdong Anda Automation Solutions Co. Ltd. A SHG:688125	N/A
Chengdu Fusen Noble-House Industrial Co Ltd SHE:002818	0.060x
FuelCell Energy Inc NASDAQ:FCEL	-0.037x

Annual Cash Flow Conversion Efficiency for Mahanagar Gas Limited (2011–2026)

The table below shows the annual cash flow conversion efficiency of Mahanagar Gas Limited from 2011 to 2026. For the full company profile with market capitalisation and key ratios, see Mahanagar Gas Limited (MGL) market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2026-03-31	Rs64.42 Billion ≈ $696.63 Million	Rs11.78 Billion ≈ $127.41 Million	0.183x	-23.31%
2025-03-31	Rs58.95 Billion ≈ $637.50 Million	Rs14.06 Billion ≈ $152.03 Million	0.238x	-21.89%
2024-03-31	Rs51.35 Billion ≈ $555.34 Million	Rs15.68 Billion ≈ $169.56 Million	0.305x	+30.23%
2023-03-31	Rs41.34 Billion ≈ $447.10 Million	Rs9.69 Billion ≈ $104.83 Million	0.234x	-6.67%
2022-03-31	Rs35.97 Billion ≈ $389.04 Million	Rs9.04 Billion ≈ $97.73 Million	0.251x	+0.80%
2021-03-31	Rs32.32 Billion ≈ $349.57 Million	Rs8.06 Billion ≈ $87.11 Million	0.249x	-25.12%
2020-03-31	Rs29.53 Billion ≈ $319.32 Million	Rs9.83 Billion ≈ $106.27 Million	0.333x	+16.65%
2019-03-31	Rs23.99 Billion ≈ $259.43 Million	Rs6.84 Billion ≈ $74.01 Million	0.285x	-8.34%
2018-03-31	Rs20.95 Billion ≈ $226.60 Million	Rs6.52 Billion ≈ $70.53 Million	0.311x	+4.75%
2017-03-31	Rs18.40 Billion ≈ $198.99 Million	Rs5.47 Billion ≈ $59.12 Million	0.297x	+6.71%
2016-03-31	Rs15.28 Billion ≈ $165.24 Million	Rs4.25 Billion ≈ $46.01 Million	0.278x	+4.66%
2015-03-31	Rs16.04 Billion ≈ $173.47 Million	Rs4.27 Billion ≈ $46.15 Million	0.266x	-13.23%
2014-03-31	Rs12.97 Billion ≈ $140.26 Million	Rs3.98 Billion ≈ $43.00 Million	0.307x	-17.38%
2013-03-31	Rs11.83 Billion ≈ $127.90 Million	Rs4.39 Billion ≈ $47.46 Million	0.371x	-7.47%
2012-03-31	Rs10.67 Billion ≈ $115.40 Million	Rs4.28 Billion ≈ $46.28 Million	0.401x	+21.58%
2011-03-31	Rs9.15 Billion ≈ $98.96 Million	Rs3.02 Billion ≈ $32.64 Million	0.330x	--

About Mahanagar Gas Limited

NSE:MGL India Utilities - Regulated Gas

Market Cap

$1.20 Billion

Rs110.68 Billion INR

Market Cap Rank

#8014 Global

#399 in India

Share Price

Rs1120.50

Change (1 day)

+0.18%

52-Week Range

Rs908.40 - Rs1363.20

All Time High

Rs1964.95