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    Mahanagar Gas Limited

    Sole city gas distributor for Mumbai, Thane, Raigad and adjoining GAs, supplying CNG to vehicles and PNG to homes/industry.

    Oil, Gas & Consumable Fuels
    Energy
    View MGL earnings calls
    ₹1,209
    +9.86% from avg

    Overview

    Price

    ₹1,209

    Market Cap

    ₹10.8k Cr

    Sector

    Oil, Gas & Consumable Fuels

    Energy

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital9999999999999999
    Reserves2.9k3.1k3.5k4.0k5.0k5.8k6.1k6.3k
    Borrowings6774103115141201216223
    Other Liabilities1.1k1.3k1.5k1.8k2.0k2.2k2.2k2.3k
    Total Liabilities4.1k4.6k5.2k6.0k7.3k8.3k8.6k9.0k
    AssetsFixed Assets2.0k2.2k2.6k3.0k4.2k4.9k5.0k5.4k
    CWIP4875606167098231.1k1.2k1.3k
    Investments1.1k1.0k1.1k1.3k1.1k1.2k1.2k1.1k
    Other Assets4718479169881.1k1.2k1.2k1.2k
    Total Assets4.1k4.6k5.2k6.0k7.3k8.3k8.6k9.0k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating6859858069049691.6k1.4k1.2k
    Cash from Investing-439-755-444-539-649-1.1k-1.1k-888
    Cash from Financing-235-242-349-310-285-499-332-369
    SummaryCapital Expenditure
    Free Cash Flow32255946625625778622988
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    MGL · CAPITAL_INTENSIVE

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