Mahanagar Gas Limited
Valuation (90/100) does the heavy lifting; financial trend (15/100) is the drag.
Buy zoneOur blended model reads Mahanagar Gas Limited as a Hold at 49/100. At ₹1,105 it trades below our blended DCF and relative-multiples fair value of ₹1,707.93, about 55% upside to that estimate — we read it as undervalued by 55%. On 14.0x trailing earnings it sits roughly in line with the Utilities median of about 15.2x. The price is about 20% below its 52-week high of ₹1,378.97 and 22% above the low of ₹908.4. Financial health scores 89/100, in the safe band on the Altman Z-score, with a Piotroski F-score of 5/9. The average analyst target of ₹1,307.4 implies about 18% upside across 30 analysts. It clears 5 of 13 investability checks, with durability 47, valuation 79 and momentum 26 on our 0–100 scales.
Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.
With a 20% margin of safety, our buy-below price is ₹1,366.35.
Analyst views
1-year price
EOD · 2026-07-2952-week range
-19.87% from the 52-week high.
Price above both moving averages reads as an intact uptrend; below both, the trend is against you.
Verdict pillars
Hold49Piotroski F-score 5/9 — quality of earnings & balance sheet.
Our scores
Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.
Investability checklist
- Fail: ROE above 15%: 13.6%
- Pass: Low debt (D/E < 0.5): 0.03x
- Fail: Positive free cash flow
- Fail: Revenue growth > 10%: 5%
- Fail: Earnings growing: -47%
- Pass: Net margin ≥ 10%: 10.2%
- Fail: Current ratio > 1.5: 0.94
- Pass: Below our fair value
- Pass: Margin of safety ≥ 20%
- Fail: Above 200-day average
- Fail: Above 50-day average
- No data: Positive 1-year return
- Pass: Altman Z in safe zone: Z 4.56
- Fail: Piotroski ≥ 7: 5/9
Quarterly results
Annual financials
Shareholding
- Promoter43.6%
- Institutions30.5%
- Public & other25.8%
Promoter holding via insider stake; institutional via reported holdings.
Key fundamentals
Bull case vs bear case
Bull case
Strengths
- Lightly leveraged balance sheet.
- Financially solid — Altman Z 4.56.
Opportunities
- Trading in our value buy zone versus sector peers.
- Trades ~55% below our estimated fair value.
Bear case
Weaknesses
- Price below its 200-day moving average (downtrend).
Threats
- Earnings contracting year on year.
About Mahanagar Gas Limited
Mahanagar Gas Limited distributes piped natural gas in India to domestic customers for cooking and water heating, commercial establishments including hospitals and hotels, industrial users in sectors such as metals and pharmaceuticals, and institutional facilities like nursing homes and flight kitchens.
Mahanagar Gas Limited — frequently asked questions
Is Mahanagar Gas Limited a buy, hold or sell?
StocksWizard currently rates Mahanagar Gas Limited (MGL) a Hold, based on a blended score of 49/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.
What is Mahanagar Gas Limited's fair value?
Our blended DCF and relative-valuation model estimates Mahanagar Gas Limited's fair value at about ₹1,707.93, versus a current price of ₹1,105 — roughly 55% upside. On that basis the stock looks undervalued by 55%.
Is Mahanagar Gas Limited financially healthy?
Mahanagar Gas Limited scores 89/100 on our financial-health model, placing it in the safe band on the Altman Z-score, with a Piotroski F-score of 5/9.
How has Mahanagar Gas Limited's share price performed?
Mahanagar Gas Limited is down 3% over three months, and last traded at ₹1,105. Past performance doesn't predict future returns.
More in Utilities
View allOur verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.