Mahanagar Gas Limited (NSE:MGL) — Market Cap & Net Worth

$1.21 Billion USD · Rs112.18 Billion INR · Rank #8290

Market Cap & Net Worth: Mahanagar Gas Limited (MGL)

Mahanagar Gas Limited (NSE:MGL) has a market capitalization of $1.21 Billion (Rs112.18 Billion) as of May 3, 2026. Listed on the NSE stock exchange, this India-based company holds position #8290 globally and #392 in its home market, demonstrating a -1.01% 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 Rs1135.65 by its total outstanding shares 98777778 (98.78 Million). Analyse Mahanagar Gas Limited cash flow conversion to see how efficiently the company converts income to cash.

Mahanagar Gas Limited Market Cap History: 2016 to 2026

Mahanagar Gas Limited's market capitalization history from 2016 to 2026. Data shows growth from $703.18 Million to $1.21 Billion (10.39% 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	$615.96 Billion	0.20%	#32 of 40
NIFTY OIL&GAS NIFOILGAS	$332.65 Billion	0.36%	#13 of 15
NIFTY SMALLCAP 100 NIFSMCP100	$190.91 Billion	0.64%	#65 of 100
NIFTY 500 NIFTY500	$3.11 Trillion	0.04%	#325 of 500
NIFTY DIVIDEND OPPORTUNITIES 50 NIFTYDVOP	$810.46 Billion	0.15%	#38 of 49
NIFTY MIDSMALLCAP 400 NIFTYMIDSML400	$1.11 Trillion	0.11%	#227 of 400
NIFTY TOTAL MARKET NIFTYTOTALMKT	$3.20 Trillion	0.04%	#334 of 750
NIFTY SMALLCAP 250 NISM250	$375.15 Billion	0.32%	#139 of 250
NIFTY SMALLCAP 50 NISM50	$112.36 Billion	1.08%	#34 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

Industry average: 29.84x Lower than industry average

Latest Price to Earnings (P/E) Ratio

0.12x

Mahanagar Gas Limited's market cap is 0.12 times its annual earnings

Industry average: 0.53x Lower than industry average

What 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	$703.18 Million	$20.67 Billion	$3.09 Billion	0.03x	0.23x
2017	$991.23 Million	$20.20 Billion	$3.93 Billion	0.05x	0.25x
2018	$836.31 Million	$22.18 Billion	$4.78 Billion	0.04x	0.18x
2019	$1.01 Billion	$27.71 Billion	$5.46 Billion	0.04x	0.18x
2020	$1.03 Billion	$29.51 Billion	$7.94 Billion	0.03x	0.13x
2021	$853.73 Million	$21.53 Billion	$6.20 Billion	0.04x	0.14x
2022	$855.64 Million	$35.60 Billion	$5.97 Billion	0.02x	0.14x
2023	$1.26 Billion	$62.99 Billion	$7.90 Billion	0.02x	0.16x
2024	$1.37 Billion	$62.90 Billion	$12.76 Billion	0.02x	0.11x
2025	$1.21 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 May 3, 2026.

Key companies related to Mahanagar Gas Limited by market ranking:

Atmos Energy Corporation (NYSE:ATO): Ranked #847 globally with a market cap of $31.19 Billion USD.
Naturgy Energy Group SA (MC:NTGY): Ranked #1002 globally with a market cap of $26.05 Billion USD ( €22.28 Billion EUR).
NATURGY ENERGY ADR1/5/E01 (F:GANA): Ranked #1066 globally with a market cap of $24.24 Billion USD ( €20.73 Billion EUR).
NiSource Inc (NYSE:NI): Ranked #1160 globally with a market cap of $21.94 Billion USD.

Market capitalization comparison (in billions USD)

Rank	Company	Symbol	Market Cap	Price
#847	Atmos Energy Corporation	NYSE:ATO	$31.19 Billion	$188.54
#1002	Naturgy Energy Group SA	MC:NTGY	$26.05 Billion	€26.78
#1066	NATURGY ENERGY ADR1/5/E01	F:GANA	$24.24 Billion	€5.35
#1160	NiSource Inc	NYSE:NI	$21.94 Billion	$48.08

Mahanagar Gas Limited Historical Marketcap From 2016 to 2026

Between 2016 and today, Mahanagar Gas Limited's market cap moved from $703.18 Million to $ 1.21 Billion, with a yearly change of 10.39%.

Year	Market Cap	Change (%)
2026	Rs1.21 Billion	-0.04%
2025	Rs1.21 Billion	-11.55%
2024	Rs1.37 Billion	+8.96%
2023	Rs1.26 Billion	+47.17%
2022	Rs855.64 Million	+0.22%
2021	Rs853.73 Million	-17.05%
2020	Rs1.03 Billion	+2.19%
2019	Rs1.01 Billion	+20.43%
2018	Rs836.31 Million	-15.63%
2017	Rs991.23 Million	+40.96%
2016	Rs703.18 Million	--

End of Day Market Cap According to Different Sources

On May 3rd, 2026 the market cap of Mahanagar Gas Limited was reported to be:

Source	Market Cap
Yahoo Finance	$1.21 Billion USD
MoneyControl	$1.21 Billion USD
MarketWatch	$1.21 Billion USD
marketcap.company	$1.21 Billion USD
Reuters	$1.21 Billion USD

Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.

About Mahanagar Gas Limited

NSE:MGL India Utilities - Regulated Gas

Market Cap

$1.21 Billion

Rs112.18 Billion INR

Market Cap Rank

#8290 Global

#392 in India

Share Price

Rs1135.65

Change (1 day)

-0.90%

52-Week Range

Rs908.40 - Rs1542.40

All Time High

Rs1964.95