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Mahanagar Gas (MGL)

Oil & Gas · NSE · end-of-day 2026-10-19
Close
₹1,041.80
Day change
-1.16%
1-year
-19.3%
From 52-week high
-20.5%
Weinstein stage
Stage 4
Minervini template
1/8
Mahanagar Gas closed at ₹1,041.80 on 2026-10-19, down 19% over the past year, 21% below its 52-week high. It meets 1 of 8 conditions of Minervini's trend template; Weinstein's stage analysis reads stage 4 - declining; on earnings, it passes 0 of 4 SEPA checks. Over the year its annualised volatility was about 29%, with a largest fall of 31% from a peak.

About Mahanagar Gas

Mahanagar Gas Limited supplies compressed natural gas and piped natural gas across Mumbai and surrounding regions. The company serves residential households, commercial establishments, industries, and public transportation. Expansion of city gas infrastructure supports future customer growth. Environmental regulations continue to encourage cleaner fuel adoption. Strong cash generation supports long-term business stability.

Price, RSI and MACD

Price · -8.4% over the period
1,0071,0701,1331,1961,259Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
RSI (14) · 44.0
305070
MACD (12, 26, 9) · histogram +1.76
-20.8-5.69.524.739.8
Price · -19.5% over the period
8821,0071,1321,2581,383Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26Oct 26
RSI (14) · 44.0
305070
MACD (12, 26, 9) · histogram +1.76
-57-32.1-7.317.642.5
Price · -45.5% over the period
8481,1291,4091,6901,970Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26Oct 26
RSI (14) · 44.0
305070
MACD (12, 26, 9) · histogram +1.76
-148.9-97.2-45.6657.7
Price · +1.2% over the period
8611,1481,4361,7232,010Feb 24Jul 24Dec 24May 25Oct 25Mar 26Aug 26
RSI (14) · 44.0
305070
MACD (12, 26, 9) · histogram +1.76
-153.3-89.8-26.437100.5
Price: daily close adjusted for splits and bonuses, dashed line the 150-day moving average. MACD: green line, orange dashed signal, bars the histogram. Longer periods are drawn from every second or third session.

Fundamentals

Market capSales (TTM)Net profit (TTM)P/EEPS (TTM)P/BROEROE previous yearROCEDebt / equityFree cash flowEV / EBITDABeta
₹10,291 cr₹9,382 cr₹715 cr14.472.421.6013.7%18.9%18.8%0.00₹88 cr6.60.91

Quarterly results

QuarterSales ₹ crNet profit ₹ crEPSEPS YoYSales YoYNet margin
Jun 20262,59919319.54-39.3%+13.9%7.4%
Mar 20262,25913013.15-47.4%+5.0%5.7%
Dec 20252,26820120.36-9.1%+11.6%8.9%
Sep 20252,25619119.37-32.5%+14.9%8.5%
Jun 20252,28231832.18+10.1%+24.6%13.9%
Mar 20252,15224725.01-2.1%+21.5%11.5%
Dec 20242,03222122.39-30.3%+17.8%10.9%
Sep 20241,96328428.70——14.4%
Consolidated · EPS restated onto today's share count after splits and bonuses · net profit as filed.

Minervini SEPA — earnings checks 0 of 4 pass

CheckResult
Latest quarter EPS up 25%+ on a year ago✗ Fail
EPS growth accelerating over 3 quarters✗ Fail
Sales up 25%+, or sales growth accelerating✗ Fail
Annual EPS up 25%+ in each of the last 2 years— Not assessable
Net margin above the same quarter last year✗ Fail

Investor methods

MethodChecksScoreVerdict
Minervini
✗ Close above the 150- and 200-day averages
✗ 150-day above 200-day
✗ 200-day rising for a month
✗ 50-day above the 150- and 200-day
✗ Close above the 50-day
✗ At least 25% above the 52-week low · low 908.40
✓ Within 25% of the 52-week high · high 1,310.70
✗ RS percentile 70 or more · RS 34
Trend template - the gate, measured: a modest 21-day edge.
1/81 of 8
Weinstein
Stan Weinstein's stage analysis on the 30-week moving average.
Stage 4 - declining
CAN SLIM
✗ C latest quarter EPS up 25%+
— A annual EPS up 25%+ in each of the last 2 years · O'Neil asks 3; ~2 held
✗ N within 15% of the 52-week high · high 1,310.70
✓ S more volume on up days than down days (50 sessions) · 1.48x
✗ L RS percentile 80 or more · RS 34
— I institutional sponsorship rising · shareholding not collected yet
✓ M market in an uptrend (40%+ of stocks above their 200-day) · breadth 45%
William O'Neil's growth-leader checklist.
2/5Weak
Darvas
✗ New 52-week high in the last 120 sessions
Darvas needs a new 52-week high to start a box.
10/100No box
Turtle
✗ Close above the prior 55-session high · 1,179.00
✗ Close above the prior 20-session high · 1,112.00
✗ Close below the prior 20-session low · 1,012.20
Donchian channel breakout - the Turtle traders' entry.
No signal
Greenblatt
— Earnings yield (EBITDA / EV) · 15.2%
— Return on capital (ROCE) · 18.8%
Joel Greenblatt's Magic Formula: good businesses at good prices, ranked across all companies. Earnings yield uses EBITDA, as EBIT is not held separately.
92/100Strong
Graham
✗ Price at or below the Graham number · Graham number 1,030.04
✓ P/E 15 or less · P/E 14.4
✗ P/B 1.5 or less (or P/E x P/B 22.5 or less) · P/B 1.60
✗ Current ratio 2 or more · 0.94
— 10 years of positive earnings, 20 of dividends · history not held
Benjamin Graham's defensive-investor tests.
99/100Fair
Piotroski
✓ Profitable (ROA > 0)
✓ Operating cash flow positive
✗ ROA rising
✓ Cash flow above net profit (earnings quality)
✓ Long-term debt / assets falling
✗ Current ratio rising · 0.94
✓ No new shares issued
✗ Margin rising (net margin)
✓ Asset turnover rising
Joseph Piotroski's F-score, FY 2025 -> 2026.
6/9Average
Each method's own rules applied to this stock - information, not a buy or sell signal. All were tested on 2024-26 data; only the Minervini trend template showed a consistent edge.

Oil & Gas sector — top 10 by 1-year return

Stock1M %3M %6M %1Y %3Y %5Y %P/EP/BROE %ROCE %ROA %D/EEV/EBITDA₹ CrSales TTM ₹ CrProfit TTM ₹ CrEPSBeta
MGL this stock-3.7-4.5-8.4-18.8-7.3-2.014.41.6013.718.8—0.006.610,2919,38271572.40.91
AVADHSUGAR+35.2+85.8+101.4+138.4+45.2+118.030.01.765.16.5—1.2515.21,9772,7566633.00.37
GANDHAR+7.8+30.4+108.2+119.5——9.72.1610.514.3—0.1212.32,9155,05231730.80.86
CHENNPETRO+1.1+18.0+42.2+98.0+139.6+935.45.11.9232.134.6—0.184.621,33089,2864,174280.30.15
PANAMAPET+1.9+5.8+77.5+76.1+48.2+85.26.11.9715.619.6—0.0510.32,9004,10647979.10.81
SOTL-1.2+18.7+92.0+75.0+90.5+131.111.62.6410.515.2—0.0016.44,7974,85341460.41.18
GULFPETRO+11.7+89.2+104.8+74.3+8.3+29.78.90.997.710.2—0.069.2352——8.01.22
SOUTHWEST+6.0-11.9-17.3+65.1+28.5+54.815.53.0517.719.6—0.3910.96202644013.40.81
UEL-10.2+47.6+8.5+40.9——631.027.533.64.5—0.27466.82,4411740.3—
ASIANENE-12.0+21.9+37.4+26.2+117.1—34.14.2711.514.1—0.3223.92,1089476012.70.89
PIXTRANS+2.7-3.8+17.4+22.9+45.3—18.53.5016.521.8—0.0314.12,43561013296.70.54
A blank in a return column means the stock is younger than that window. P/B and ROE come from each company's own filings where held.

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Prices as of 2026-10-19, end of day, from NSE. Fundamentals from each company's own exchange filings (XBRL), EPS restated for splits and bonuses. Figures may be delayed and are for information only.
For research & education only — not investment advice. The methods, checks and verdicts are automated rules applied to public data, not buy/sell recommendations. StockLearn is an independent product of ClusterMicro Technologies, not affiliated with or endorsed by the NSE or any exchange. ClusterMicro Technologies is not a SEBI-registered investment adviser. Consult a SEBI-registered adviser before investing.