Mahanagar Gas Limited

NSE:MGL India Utilities - Regulated Gas
Market Cap
$1.16 Billion
₹100.37 Billion INR
Market Cap Rank
#8955 Global
#354 in India
Share Price
₹1016.10
Change (1 day)
-3.25%
52-Week Range
₹1016.10 - ₹1542.40
All Time High
₹1964.95
Categories
Companies in India Utilities - Regulated Gas
About

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

Mahanagar Gas Limited (MGL) - Net Assets

Latest net assets as of September 2025: ₹62.23 Billion INR

Based on the latest financial reports, Mahanagar Gas Limited (MGL) has net assets worth ₹62.23 Billion INR as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹86.65 Billion) and total liabilities (₹24.41 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets ₹62.23 Billion
% of Total Assets 71.83%
Annual Growth Rate 14.23%
5-Year Change 82.37%
10-Year Change 285.79%
Growth Volatility 7.25

Mahanagar Gas Limited - Net Assets Trend (2011–2025)

This chart illustrates how Mahanagar Gas Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Mahanagar Gas Limited (2011–2025)

The table below shows the annual net assets of Mahanagar Gas Limited from 2011 to 2025.

Year Net Assets Change
2025-03-31 ₹58.95 Billion +14.79%
2024-03-31 ₹51.35 Billion +24.21%
2023-03-31 ₹41.34 Billion +14.92%
2022-03-31 ₹35.97 Billion +11.29%
2021-03-31 ₹32.32 Billion +9.47%
2020-03-31 ₹29.53 Billion +23.09%
2019-03-31 ₹23.99 Billion +14.49%
2018-03-31 ₹20.95 Billion +13.88%
2017-03-31 ₹18.40 Billion +20.42%
2016-03-31 ₹15.28 Billion -4.74%
2015-03-31 ₹16.04 Billion +23.68%
2014-03-31 ₹12.97 Billion +9.67%
2013-03-31 ₹11.83 Billion +10.83%
2012-03-31 ₹10.67 Billion +16.61%
2011-03-31 ₹9.15 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Mahanagar Gas Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 575.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component Amount Percentage
Retained Earnings ₹55.76 Billion 94.83%
Common Stock ₹987.80 Million 1.68%
Other Comprehensive Income ₹2.05 Billion 3.49%
Total Equity ₹58.80 Billion 100.00%

Mahanagar Gas Limited Competitors by Market Cap

The table below lists competitors of Mahanagar Gas Limited ranked by their market capitalization.

Company Market Cap
JC Finance & Tax Interconnect Holdings Ltd
SHE:002530
 		$666.39 Million
HEROUX-DEV.
F:5D6
 		$666.55 Million
ORIC PHARMAC.INC.DL-0001
F:4TZ
 		$666.70 Million
Kissei Pharmaceutical Co. Ltd
PINK:KSPHF
 		$666.75 Million
Sdiptech AB (publ)
PINK:SDTHF
 		$666.20 Million
Japan Securities Finance Co. Ltd
F:JSE
 		$665.97 Million
Diagnósticos da América S.A
SA:DASA3
 		$665.76 Million
Amphastar P
NASDAQ:AMPH
 		$665.68 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Mahanagar Gas Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 51,302,100,000 to 58,801,800,000, a change of 7,499,700,000 (14.6%).
  • Net income of 10,405,700,000 contributed positively to equity growth.
  • Dividend payments of 2,963,800,000 reduced retained earnings.
  • New share issuances of 98,000,000 increased equity.
  • Other comprehensive income decreased equity by 63,600,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ₹10.41 Billion +17.7%
Dividends Paid ₹2.96 Billion -5.04%
Share Issuances ₹98.00 Million +0.17%
Other Comprehensive Income ₹-63.60 Million -0.11%
Other Changes ₹23.40 Million +0.04%
Total Change ₹- 14.62%

Book Value vs Market Value Analysis

This analysis compares Mahanagar Gas Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.71x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 10.97x to 1.71x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2011-03-31 ₹92.64 ₹1016.10 x
2012-03-31 ₹108.02 ₹1016.10 x
2013-03-31 ₹119.73 ₹1016.10 x
2014-03-31 ₹131.30 ₹1016.10 x
2015-03-31 ₹162.39 ₹1016.10 x
2016-03-31 ₹154.69 ₹1016.10 x
2017-03-31 ₹186.28 ₹1016.10 x
2018-03-31 ₹212.13 ₹1016.10 x
2019-03-31 ₹242.86 ₹1016.10 x
2020-03-31 ₹298.92 ₹1016.10 x
2021-03-31 ₹327.24 ₹1016.10 x
2022-03-31 ₹364.18 ₹1016.10 x
2023-03-31 ₹418.54 ₹1016.10 x
2024-03-31 ₹519.37 ₹1016.10 x
2025-03-31 ₹595.21 ₹1016.10 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mahanagar Gas Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 17.70%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 14.33%
  • • Asset Turnover: 0.88x
  • • Equity Multiplier: 1.41x
  • Recent ROE (17.70%) is below the historical average (22.13%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2011 24.64% 21.45% 0.82x 1.40x ₹1.34 Billion
2012 28.84% 23.69% 0.84x 1.45x ₹2.01 Billion
2013 25.24% 19.92% 0.84x 1.51x ₹1.80 Billion
2014 22.92% 15.90% 0.95x 1.52x ₹1.68 Billion
2015 18.77% 14.48% 0.96x 1.35x ₹1.41 Billion
2016 20.20% 14.94% 0.88x 1.54x ₹1.56 Billion
2017 21.38% 19.48% 0.77x 1.43x ₹2.09 Billion
2018 22.81% 21.55% 0.74x 1.44x ₹2.68 Billion
2019 22.78% 19.72% 0.81x 1.43x ₹3.07 Billion
2020 26.87% 26.89% 0.71x 1.40x ₹4.98 Billion
2021 19.17% 28.78% 0.47x 1.42x ₹2.96 Billion
2022 16.59% 16.77% 0.68x 1.45x ₹2.37 Billion
2023 19.11% 12.54% 1.04x 1.46x ₹3.77 Billion
2024 24.88% 20.29% 0.85x 1.44x ₹7.63 Billion
2025 17.70% 14.33% 0.88x 1.41x ₹4.53 Billion

Industry Comparison

This section compares Mahanagar Gas Limited's net assets metrics with peer companies in the Utilities - Regulated Gas industry.

Industry Context

  • Industry: Utilities - Regulated Gas
  • Average net assets among peers: $8,911,747,870
  • Average return on equity (ROE) among peers: 21.09%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Mahanagar Gas Limited (MGL) ₹62.23 Billion 24.64% 0.39x $666.36 Million
Adani Total Gas Limited (ATGL) $7.15 Billion 14.16% 1.32x $1.32 Billion
Gujarat State Petronet Limited (GSPL) $12.15 Billion 10.16% 1.48x $879.26 Million
Gujarat Gas Limited (GUJGASLTD) $7.29 Billion 22.04% 0.61x $718.69 Million
Indraprastha Gas Limited (IGL) $17.63 Billion 25.42% 0.62x $1.14 Billion
IRM ENERGY LTD (IRMENERGY) $336.21 Million 33.70% 4.38x $23.70 Million