Mahanagar Gas Limited (MGL) — Defensive Interval Ratio

Latest as of March 2026: 278 days

Mahanagar Gas Limited (MGL) has a Defensive Interval Ratio of 278 days as of March 2026. Defensive assets of Rs14.94 Billion (cash Rs-, short-term investments Rs10.36 Billion, receivables Rs4.59 Billion) cover 278 days of daily cash needs of Rs53.66 Million/day. Check tangible net worth ratio of Mahanagar Gas Limited to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

278 days
Days of operational coverage

Defensive Assets

Rs14.94 Billion
Cash + ST Investments + Receivables

Daily Cash Need

Rs53.66 Million
Current Liabilities ÷ 365

Current Liabilities

Rs19.59 Billion
INR

Mahanagar Gas Limited Defensive Interval Ratio (2011–2026)

This chart shows how Mahanagar Gas Limited's Defensive Interval Ratio has evolved across 16 annual periods from 2011 to 2026. As of March 2026, the ratio stands at 278 days, meaning defensive assets of Rs14.94 Billion can fund 278 days of operations without new revenue. Also explore Mahanagar Gas Limited equity growth rate to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Mahanagar Gas Limited (2011–2026)

The table below presents the year-by-year Defensive Interval Ratio for Mahanagar Gas Limited from 2011 to 2026, covering 16 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see Mahanagar Gas Limited stock valuation.

Year DIR (days) Defensive Assets (INR) Daily Cash Need Cash ST Investments Change (days)
2026 278 days Rs14.94 Billion Rs53.66 Million/day Rs- Rs10.36 Billion ▼ -25 days
2025 303 days Rs15.57 Billion Rs51.37 Million/day Rs1.39 Billion Rs10.54 Billion ▼ -61 days
2024 364 days Rs16.93 Billion Rs46.57 Million/day Rs- Rs13.10 Billion ▼ -84 days
2023 447 days Rs19.13 Billion Rs42.77 Million/day Rs917.40 Million Rs15.27 Billion ▼ -51 days
2022 498 days Rs18.11 Billion Rs36.35 Million/day Rs883.14 Million Rs14.69 Billion ▼ -85 days
2021 583 days Rs17.74 Billion Rs30.44 Million/day Rs825.88 Million Rs14.58 Billion ▲ +13 days
2020 570 days Rs14.79 Billion Rs25.95 Million/day Rs203.06 Million Rs13.03 Billion ▲ +68 days
2019 502 days Rs11.30 Billion Rs22.50 Million/day Rs- Rs9.14 Billion ▲ +57 days
2018 446 days Rs8.83 Billion Rs19.82 Million/day Rs- Rs7.63 Billion ▲ +30 days
2017 416 days Rs7.17 Billion Rs17.25 Million/day Rs- Rs5.95 Billion ▲ +117 days
2016 299 days Rs5.73 Billion Rs19.18 Million/day Rs- Rs5.38 Billion ▼ -210 days
2015 508 days Rs6.14 Billion Rs12.07 Million/day Rs- Rs4.91 Billion ▲ +165 days
2014 343 days Rs5.41 Billion Rs15.78 Million/day Rs- Rs4.04 Billion ▲ +10 days
2013 333 days Rs4.66 Billion Rs13.99 Million/day Rs- Rs3.54 Billion ▲ +15 days
2012 318 days Rs3.51 Billion Rs11.04 Million/day Rs- Rs2.68 Billion ▲ +49 days
2011 270 days Rs2.20 Billion Rs8.16 Million/day Rs- Rs1.13 Billion —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)