Mahanagar Gas Limited (MGL) — Tangible Net Worth Ratio
Mahanagar Gas Limited (MGL) has a Tangible Net Worth Ratio of 93.8% as of March 2026. This metric is calculated by deducting intangible assets (Rs3.96 Billion) from net assets (Rs64.42 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See MGL working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Mahanagar Gas Limited Tangible Net Worth Ratio (2011–2026)
This chart shows how Mahanagar Gas Limited's Tangible Net Worth Ratio has changed across 16 annual periods from 2011 to 2026. As of March 2026, the ratio stands at 93.8%, reflecting net assets of Rs64.42 Billion with intangible assets of Rs3.96 Billion INR. See Mahanagar Gas Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Mahanagar Gas Limited (2011–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Mahanagar Gas Limited from 2011 to 2026, covering 16 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see MGL market cap.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 93.8% | Rs64.42 Billion | Rs3.96 Billion | Rs89.81 Billion | ▲ +1.0 pp |
| 2025 | 92.9% | Rs58.95 Billion | Rs4.21 Billion | Rs82.70 Billion | ▲ +2.9 pp |
| 2024 | 89.9% | Rs51.35 Billion | Rs5.18 Billion | Rs73.81 Billion | ▼ -10.0 pp |
| 2023 | 99.9% | Rs41.34 Billion | Rs51.40 Million | Rs60.32 Billion | ▲ +0.0 pp |
| 2022 | 99.9% | Rs35.97 Billion | Rs52.31 Million | Rs52.34 Billion | ▲ +0.0 pp |
| 2021 | 99.8% | Rs32.32 Billion | Rs56.54 Million | Rs46.01 Billion | ▼ 0.0 pp |
| 2020 | 99.8% | Rs29.53 Billion | Rs46.35 Million | Rs41.29 Billion | ▲ +0.0 pp |
| 2019 | 99.8% | Rs23.99 Billion | Rs46.61 Million | Rs34.41 Billion | ▼ 0.0 pp |
| 2018 | 99.8% | Rs20.95 Billion | Rs38.91 Million | Rs30.10 Billion | ▲ +0.1 pp |
| 2017 | 99.8% | Rs18.40 Billion | Rs44.43 Million | Rs26.24 Billion | ▲ +0.1 pp |
| 2016 | 99.7% | Rs15.28 Billion | Rs46.87 Million | Rs23.56 Billion | ▼ 0.0 pp |
| 2015 | 99.7% | Rs16.04 Billion | Rs45.71 Million | Rs21.67 Billion | ▲ +0.1 pp |
| 2014 | 99.7% | Rs12.97 Billion | Rs43.69 Million | Rs19.74 Billion | ▲ +0.1 pp |
| 2013 | 99.6% | Rs11.83 Billion | Rs46.11 Million | Rs17.83 Billion | ▲ +0.1 pp |
| 2012 | 99.5% | Rs10.67 Billion | Rs55.01 Million | Rs15.46 Billion | ▲ +0.2 pp |
| 2011 | 99.3% | Rs9.15 Billion | Rs62.05 Million | Rs12.85 Billion | — |