Mahanagar Gas Limited Market Cap ($1.12 Billion)
Market Cap & Net Worth: Mahanagar Gas Limited (MGL)
Mahanagar Gas Limited market cap. Mahanagar Gas Limited (NSE:MGL) has a market capitalization of $1.12 Billion (Rs103.57 Billion) as of November 2, 2026. Listed on the NSE stock exchange, this India-based company holds position #8099 globally and #397 in its home market, demonstrating a 1.37% increase 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 Rs1048.50 by its total outstanding shares 98777778 (98.78 Million). Also see MGL cash flow metrics for how efficiently the company converts equity into cash flow.
Mahanagar Gas Limited Market Cap History (2016–2026)
Mahanagar Gas Limited market cap history from 2016 to 2026. Data shows growth from $703.18 Million to $1.12 Billion (9.02% CAGR). Check Mahanagar Gas Limited stock price for real-time trading data and today's change.
Index Memberships
Mahanagar Gas Limited is a constituent of 9 market indices:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
NIFTY ENERGY
CNXENERGY
|
$523.18 Billion | 0.21% | #30 of 40 |
|
NIFTY OIL&GAS
NIFOILGAS
|
$277.29 Billion | 0.40% | #13 of 15 |
|
NIFTY SMALLCAP 100
NIFSMCP100
|
$200.61 Billion | 0.56% | #62 of 100 |
|
NIFTY 500
NIFTY500
|
$2.93 Trillion | 0.04% | #315 of 500 |
|
NIFTY DIVIDEND OPPORTUNITIES 50
NIFTYDVOP
|
$727.47 Billion | 0.15% | #39 of 49 |
|
NIFTY MIDSMALLCAP 400
NIFTYMIDSML400
|
$1.06 Trillion | 0.11% | #221 of 400 |
|
NIFTY TOTAL MARKET
NIFTYTOTALMKT
|
$3.02 Trillion | 0.04% | #329 of 750 |
|
NIFTY SMALLCAP 250
NISM250
|
$378.13 Billion | 0.30% | #130 of 250 |
|
NIFTY SMALLCAP 50
NISM50
|
$129.49 Billion | 0.86% | #36 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. Explore MGL net assets growth trend to track how rapidly the company is growing its equity base year over year.
Latest Price to Sales (P/S) Ratio
0.01x
Mahanagar Gas Limited's market cap is 0.01 times its annual revenue
Latest Price to Earnings (P/E) Ratio
0.13x
Mahanagar Gas Limited's market cap is 0.13 times its annual earnings
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 |
|---|---|---|---|---|---|
| 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 | $21.36 Billion | $6.20 Billion | 0.04x | 0.14x |
| 2022 | $855.64 Million | $35.36 Billion | $5.97 Billion | 0.02x | 0.14x |
| 2023 | $1.26 Billion | $62.77 Billion | $7.90 Billion | 0.02x | 0.16x |
| 2024 | $1.37 Billion | $62.67 Billion | $12.85 Billion | 0.02x | 0.11x |
| 2025 | $1.21 Billion | $72.28 Billion | $10.41 Billion | 0.02x | 0.12x |
| 2026 | $1.12 Billion | $82.46 Billion | $8.41 Billion | 0.01x | 0.13x |
Competitor Companies of MGL by Market Capitalization
Companies near Mahanagar Gas Limited in the global market cap rankings as of November 2, 2026. Also see MGL total asset value for a full breakdown of the balance sheet.
Key companies related to Mahanagar Gas Limited by market ranking:
- Atmos Energy Corporation (NYSE:ATO): Ranked #922 globally with a market cap of $28.78 Billion USD.
- Naturgy Energy Group SA (MC:NTGY): Ranked #1051 globally with a market cap of $24.77 Billion USD ( €21.19 Billion EUR).
- NATURGY ENERGY ADR1/5/E01 (F:GANA): Ranked #1076 globally with a market cap of $24.24 Billion USD ( €20.73 Billion EUR).
- Uniper SE (XETRA:UN0): Ranked #1215 globally with a market cap of $20.78 Billion USD ( €17.78 Billion EUR).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #922 | Atmos Energy Corporation | NYSE:ATO | $28.78 Billion | $172.41 |
| #1051 | Naturgy Energy Group SA | MC:NTGY | $24.77 Billion | €29.66 |
| #1076 | NATURGY ENERGY ADR1/5/E01 | F:GANA | $24.24 Billion | €5.35 |
| #1215 | Uniper SE | XETRA:UN0 | $20.78 Billion | €43.20 |
Market Capitalization of Mahanagar Gas Limited (2016–2026)
Market capitalization of Mahanagar Gas Limited from 2016 to today. Between 2016 and today, Mahanagar Gas Limited's market cap moved from $703.18 Million to $ 1.12 Billion, with a yearly change of 9.02%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | Rs1.12 Billion | -7.71% |
| 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 Nov 2nd, 2026 the market cap of Mahanagar Gas Limited was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $1.12 Billion USD |
| MoneyControl | $1.12 Billion USD |
| MarketWatch | $1.12 Billion USD |
| marketcap.company | $1.12 Billion USD |
| Reuters | $1.12 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
Mahanagar Gas Limited operates as a natural gas distribution company in India. The company supplies piped natural gas (PNG) to domestic households, domestic households, and commercial establishments and industries used for cooking and water heating, as well as by hospitals, nursing homes, hotels, flight kitchens, restaurants, and places of worship. It also supplies compressed natural gas (CNG) an… Read more