Mahanagar Gas Limited
Mahanagar Gas Limited operates as a natural gas distribution company in India. The company supplies piped natural gas (PNG) to domestic households for cooking and water heating, as well as for nursing homes, flight kitchens, and places of worship; commercial establishments, including hospitals, hotels, restaurants, and charitable trusts; and industries, such as metals, pharmaceuticals, printing a… Read more
Market Cap & Net Worth: Mahanagar Gas Limited (MGL)
Mahanagar Gas Limited (NSE:MGL) has a market capitalization of $1.14 Billion (₹98.82 Billion) as of March 19, 2026. Listed on the NSE stock exchange, this India-based company holds position #9020 globally and #360 in its home market, demonstrating a -4.66% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Mahanagar Gas Limited's stock price ₹1000.40 by its total outstanding shares 98777778 (98.78 Million).
Mahanagar Gas Limited Market Cap History: 2016 to 2026
Mahanagar Gas Limited's market capitalization history from 2016 to 2026. Data shows growth from $750.79 Million to $1.14 Billion (9.09% CAGR).
Index Memberships
Mahanagar Gas Limited is a constituent of 9 market indices:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
NIFTY ENERGY
CNXENERGY
|
$150.74 Billion | 0.44% | #33 of 40 |
|
NIFTY OIL&GAS
NIFOILGAS
|
$40.13 Billion | 1.63% | #13 of 15 |
|
NIFTY SMALLCAP 100
NIFSMCP100
|
$106.38 Billion | 0.62% | #59 of 100 |
|
NIFTY 500
NIFTY500
|
$1.29 Trillion | 0.05% | #309 of 500 |
|
NIFTY DIVIDEND OPPORTUNITIES 50
NIFTYDVOP
|
$303.16 Billion | 0.22% | #40 of 49 |
|
NIFTY MIDSMALLCAP 400
NIFTYMIDSML400
|
$539.70 Billion | 0.12% | #220 of 400 |
|
NIFTY TOTAL MARKET
NIFTYTOTALMKT
|
$1.35 Trillion | 0.05% | #318 of 750 |
|
NIFTY SMALLCAP 250
NISM250
|
$190.21 Billion | 0.34% | #104 of 250 |
|
NIFTY SMALLCAP 50
NISM50
|
$77.57 Billion | 0.85% | #44 of 50 |
Weight: Mahanagar Gas Limited's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
Mahanagar Gas Limited Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Mahanagar Gas Limited's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
0.02x
Mahanagar Gas Limited's market cap is 0.02 times its annual revenue
7.45x
Lower than industry averageLatest Price to Earnings (P/E) Ratio
0.12x
Mahanagar Gas Limited's market cap is 0.12 times its annual earnings
3.06x
Lower than industry averageWhat These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2016 | $750.79 Million | $20.67 Billion | $3.09 Billion | 0.04x | 0.24x |
| 2017 | $1.06 Billion | $20.20 Billion | $3.93 Billion | 0.05x | 0.27x |
| 2018 | $892.93 Million | $22.18 Billion | $4.78 Billion | 0.04x | 0.19x |
| 2019 | $1.08 Billion | $27.71 Billion | $5.46 Billion | 0.04x | 0.20x |
| 2020 | $1.10 Billion | $29.51 Billion | $7.94 Billion | 0.04x | 0.14x |
| 2021 | $911.54 Million | $21.53 Billion | $6.20 Billion | 0.04x | 0.15x |
| 2022 | $913.57 Million | $35.60 Billion | $5.97 Billion | 0.03x | 0.15x |
| 2023 | $1.34 Billion | $62.99 Billion | $7.90 Billion | 0.02x | 0.17x |
| 2024 | $1.46 Billion | $62.90 Billion | $12.76 Billion | 0.02x | 0.11x |
| 2025 | $1.30 Billion | $72.64 Billion | $10.41 Billion | 0.02x | 0.12x |
Competitor Companies of MGL by Market Capitalization
Companies near Mahanagar Gas Limited in the global market cap rankings as of March 19, 2026.
Key companies related to Mahanagar Gas Limited by market ranking:
- Atmos Energy Corporation (NYSE:ATO): Ranked #674 globally with a market cap of $30.35 Billion USD.
- NiSource Inc (NYSE:NI): Ranked #895 globally with a market cap of $21.94 Billion USD.
- GAIL (India) Limited (PINK:GAILF): Ranked #1268 globally with a market cap of $14.55 Billion USD.
- Osaka Gas Co. Ltd (OTCGREY:OSGSY): Ranked #1474 globally with a market cap of $11.89 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #674 | Atmos Energy Corporation | NYSE:ATO | $30.35 Billion | $185.25 |
| #895 | NiSource Inc | NYSE:NI | $21.94 Billion | $46.62 |
| #1268 | GAIL (India) Limited | PINK:GAILF | $14.55 Billion | $10.80 |
| #1474 | Osaka Gas Co. Ltd | OTCGREY:OSGSY | $11.89 Billion | $32.81 |
Mahanagar Gas Limited Historical Marketcap From 2016 to 2026
Between 2016 and today, Mahanagar Gas Limited's market cap moved from $750.79 Million to $ 1.14 Billion, with a yearly change of 9.09%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | ₹1.14 Billion | -11.94% |
| 2025 | ₹1.30 Billion | -11.55% |
| 2024 | ₹1.46 Billion | +8.96% |
| 2023 | ₹1.34 Billion | +47.17% |
| 2022 | ₹913.57 Million | +0.22% |
| 2021 | ₹911.54 Million | -17.05% |
| 2020 | ₹1.10 Billion | +2.19% |
| 2019 | ₹1.08 Billion | +20.43% |
| 2018 | ₹892.93 Million | -15.63% |
| 2017 | ₹1.06 Billion | +40.96% |
| 2016 | ₹750.79 Million | -- |
End of Day Market Cap According to Different Sources
On Mar 19th, 2026 the market cap of Mahanagar Gas Limited was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $1.14 Billion USD |
| MoneyControl | $1.14 Billion USD |
| MarketWatch | $1.14 Billion USD |
| marketcap.company | $1.14 Billion USD |
| Reuters | $1.14 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.