BazaarBaazi

Stock · MGL · Oil Gas & Consumable Fuels

MGL share price target 2026

Support, resistance, the F&O structure and the BazaarBaazi Crack Score for Mahanagar Gas Limited, refreshed every end-of-day run. A systematic, data-only read on Mahanagar Gas Limited: where it trades versus its 50-day and 200-day lines, the live 52-week range, and momentum, refreshed from the scanner's real price series each run.

The verdict

BazaarBaazi reads MGL as cautious with a Crack Score of 37/100 as of 21 Jul 2026.
Crack Score
37/ 100
Cautious

BazaarBaaziSource & method

The scanner's readWatchlist · scanned 21 Jul 2026

Where MGL stands on the 500-name BazaarBaazi setup scanner: technicals, filed fundamentals and money flow read together, refreshed every run.

Watchlist69 /100 setup score

Directional risk is visible, but a full trade thesis is still forming. HEDGE rows deliberately carry no outright entry frame.

Technical axis

100/100

Fundamental axis

33/100

Money flow

32/100

Result pulse · Q4 FY26

40/100

Named setups in force

  • stage4 downtrend
  • RS laggard

Technical evidence

price below 50DMA

price below 150DMA

price below 200DMA

50 < 150 < 200 DMA (bear stack)

RS slope -5.0% (3m)

RS line well below its high

relative strength falling vs NIFTY

below 50DMA

Valuation and context

P/E 12.7 vs sector median 10.9 (1.17x, 53th pctile)

P/E 1.09x its own ~15m median (11.7)

Relative valuation

P/E (TTM)

12.7

P/E vs sector

+1.2%

Sector percentile

53

PEG

n/a

Growth gap

-2.2%

P/E vs own history

+1.1%

Scanner levels from the deterministic engine run of 2026-07-21, not a SEBI-registered recommendation and not investment advice. The fundamental axis reads the official filing: Q4 FY26 result.

Open the full 500-name Setup Scan.

Price target: support and resistanceComputed 21 Jul 2026

Support and resistance for MGL are read inside the latest show; no spot was printed in the most recent editorial note.

Levels are read inside the latest show. The most recent editorial reference is Systematic Read on 21 Jul 2026.

These are structural reference lines, not a SEBI-registered price target. BazaarBaazi is independent media; the levels frame how the desk reads the MGL chart, refreshed every end-of-day run.

The Crack Score, and how it is built37 / 100 · Cautious

The Crack Score is a deterministic 0 to 100 conviction number. Here is exactly what moved it for MGL, so the figure is a transparent signal rather than a vibe.

Editorial stanceLatest signed stance is bearish.-16
History consistency1 of the last 6 published verdicts held the same stance.-11
Structure qualityNo clean spot was printed in the latest note; levels are read inside the show.0
FreshnessThe desk reviewed today.+8
Conviction horizonThe latest read is framed on a swing horizon.+6

Base 50, adjusted by the factors above and clamped to 0 to 100. How the Crack Score works.

The F&O viewHorizon · swing

How the futures and options structure on MGL reads right now.

Editorial directionBearish
Horizonswing

The editorial price read on MGL is bearish. Strike-level option inventory is unavailable, so the page withholds writer, wall and pin claims. Single-stock F&O on MGL can be thinner than index F&O, so the desk weights price and filed evidence over raw OI. This is not a derivatives trade recommendation.

Why it movedLatest editorial line

The most recent BazaarBaazi read on what is driving MGL.

Systematic read: a disclosed, data-only model on real 1-year price structure.

Read in Systematic Read on 21 Jul 2026. Why MGL moved, the living explainer, tracks every move on one URL.

Latest filed resultsQ4 FY26

Mahanagar Gas Limited's most recent quarter, parsed straight from the official NSE filing. Every figure links back to its primary source.

Q4 FY26 · ended 31 Mar 2026Consolidated, audited · filed with NSE on 14 May 2026

Result Pulse

40 / 100

Revenue

Rs 2,259 cr

Net profit

Rs 130 cr

EPS (quarter)

Rs 13.15
GrowthYoYQoQ
Revenuen/a-0.4%
Net profitn/a-35.5%
Net margin+5.7%
What BazaarBaazi readsMixed
SourceOfficial NSE filing (XBRL)

Figures are the Q4 FY26 result for Mahanagar Gas Limited, parsed straight from the official NSE integrated filing and verified to the paisa. The EPS shown is for the quarter, not a trailing-twelve-month figure, so it is not a P/E input.

See every Q4 result the desk has read.

Earnings history, every filed quarter32 quarters on record

Mahanagar Gas Limited's official quarterly revenue, EPS and Result Pulse trail, every quarter the desk holds from the verified filings export, back to 30 Jun 2018. These are quarterly facts, not TTM valuation inputs.

MGL official result trail

32 quarters

Quarterly figures only: revenue, net profit and EPS are copied from official filings. EPS here is not trailing twelve month EPS and is not used for valuation.

QuarterRevenueEPSPAT YoYPulseSource
Q4 FY26ended 31 Mar 2026 / Consolidated, auditedRs 2,259 crRs 13.15n/a40/100Filing
Q3 FY26ended 31 Dec 2025 / Consolidated, auditedRs 2,268 crRs 20.36n/a50/100Filing
Q2 FY26ended 30 Sep 2025 / Consolidated, auditedRs 2,256 crRs 19.37n/an/aFiling
Q1 FY26ended 30 Jun 2025 / Consolidated, auditedRs 2,282 crRs 32.18n/a50/100Filing
Q4 FY25ended 31 Mar 2025 / Consolidated, auditedRs 2,152 crRs 25.01n/an/aFiling
Q3 FY25ended 31 Dec 2024 / Consolidated, auditedRs 2,032 crRs 22.39n/an/aFiling
Q2 FY25ended 30 Sep 2024 / Consolidated, auditedRs 1,963 crRs 28.70n/an/aFiling
Q1 FY25ended 30 Jun 2024 / Consolidated, auditedRs 1,832 crRs 29.23n/an/aFiling
Q4 FY24ended 31 Mar 2024 / Consolidated, auditedRs 1,771 crRs 25.54n/an/aFiling
Q3 FY24ended 31 Dec 2023 / Consolidated, auditedRs 1,724 crRs 32.11n/an/aFiling
Q2 FY24ended 30 Sep 2023 / Standalone, auditedRs 1,729 crRs 34.27n/an/aFiling
Q1 FY24ended 30 Jun 2023 / Standalone, auditedRs 1,690 crRs 37.30n/an/aFiling
Q4 FY23ended 31 Mar 2023 / Standalone, auditedRs 1,772 crRs 27.21n/an/aFiling
Q3 FY23ended 31 Dec 2022 / Standalone, auditedRs 1,838 crRs 17.42n/an/aFiling
Q2 FY23ended 30 Sep 2022 / Standalone, auditedRs 1,718 crRs 16.60n/an/aFiling
Q1 FY23ended 30 Jun 2022 / Standalone, auditedRs 1,593 crRs 18.75n/an/aFiling
Q4 FY22ended 31 Mar 2022 / Standalone, auditedRs 1,188 crRs 13.34n/an/aFiling
Q3 FY22ended 31 Dec 2021 / Standalone, auditedRs 1,123 crRs 5.75n/an/aFiling
Q2 FY22ended 30 Sep 2021 / Standalone, auditedRs 908 crRs 20.68n/an/aFiling
Q1 FY22ended 30 Jun 2021 / Standalone, auditedRs 667 crRs 20.66n/an/aFiling
Q4 FY21ended 31 Mar 2021 / Standalone, auditedRs 784 crRs 21.54n/an/aFiling
Q3 FY21ended 31 Dec 2020 / Standalone, auditedRs 727 crRs 21.99n/an/aFiling
Q2 FY21ended 30 Sep 2020 / Standalone, auditedRs 549 crRs 14.61n/an/aFiling
Q1 FY21ended 30 Jun 2020 / Standalone, auditedRs 277 crRs 4.58n/an/aFiling
Q4 FY20ended 31 Mar 2020 / Standalone, auditedRs 753 crRs 16.87n/an/aFiling
Q3 FY20ended 31 Dec 2019 / Standalone, auditedRs 819 crRs 18.84n/an/aFiling
Q2 FY20ended 30 Sep 2019 / Standalone, auditedRs 862 crRs 27.40n/an/aFiling
Q1 FY20ended 30 Jun 2019 / Standalone, auditedRs 831 crRs 17.23n/an/aFiling
Q4 FY19ended 31 Mar 2019 / Standalone, auditedRs 793 crRs 13.51n/an/aFiling
Q3 FY19ended 31 Dec 2018 / Standalone, auditedRs 824 crRs 15.02n/an/aFiling
Q2 FY19ended 30 Sep 2018 / Standalone, auditedRs 763 crRs 13.80n/an/aFiling
Q1 FY19ended 30 Jun 2018 / Standalone, auditedRs 676 crRs 12.99n/an/aFiling

Open the covered-name earnings calendar.

The official financialsFiled to 31 Mar 2026

Mahanagar Gas Limited's statements as filed: trailing twelve month P&L, the balance sheet, and the cash engine. Parsed from official XBRL, shown in crore.

Trailing twelve months, on filed quarters

Revenue (TTM)

9,065 cr

Net profit (TTM)

841 cr

EBIT (TTM)

1,161 cr

Profit before tax (TTM)

1,140 cr

Net margin (TTM)

9.3%

Finance costs (TTM)

21.0 cr

Balance sheet, as filed 2026-03-31

Total assets

8,981 cr

Shareholder equity

6,442 cr

Total borrowings

0.0 cr

Cash and equivalents

57.2 cr

Inventory

62.6 cr

Trade receivables

459 cr

The cash engine, latest filed year

Operating cash flow

1,162 cr

Capex

1,076 cr

Free cash flow

86.7 cr

Investing flow

-888 cr

Financing flow

-369 cr

Annual trail, filed year over filed year

YearRevenueNet profitEquityBorrowingsCFO
FY269,065 cr841 cr6,442 cr0.0 cr1,162 cr
FY257,979 cr1,040 cr5,895 cr0.0 cr1,814 cr
FY246,914 cr1,276 cr5,135 cr0.0 cr1,461 cr

Every figure is parsed from Mahanagar Gas Limited's official NSE XBRL filings by the BazaarBaazi earnings lab and shown in crore rupees. Display data, not a valuation model input.

Management on record30 earnings calls

Every MGL earnings call BazaarBaazi has indexed, latest 31 May 2026. Read management in its own words, straight from the filed transcript.

Mahanagar Gas Limited earnings calls on record

30 calls since 28 Feb 2019

31 May 2026Quarter ended Q4FY26Transcript PDF
28 Feb 2026Earnings callTranscript PDF
30 Nov 2025Earnings callTranscript PDF
31 Jul 2025Quarter ended Q1FY26Transcript PDF
30 Jun 2025Earnings callTranscript PDF
28 Feb 2025Earnings callTranscript PDF
31 Oct 2024Quarter ended Q2FY25Transcript PDF
31 Aug 2024Quarter ended Q1FY25Transcript PDF
Show 22 older calls
31 May 2024Quarter ended Q4FY24Transcript PDF
31 Jan 2024Quarter ended Q3FY24Transcript PDF
30 Nov 2023Earnings callTranscript PDF
31 Aug 2023Quarter ended Q1FY24Transcript PDF
31 May 2023Quarter ended Q4FY23Transcript PDF
28 Feb 2023Earnings callTranscript PDF
30 Nov 2022Earnings callTranscript PDF
31 Aug 2022Quarter ended Q1FY23Transcript PDF
31 May 2022Quarter ended Q4FY22Transcript PDF
28 Feb 2022Earnings callTranscript PDF
30 Nov 2021Earnings callTranscript PDF
31 Aug 2021Quarter ended Q1FY22Transcript PDF
30 Jun 2021Earnings callTranscript PDF
31 Mar 2021Earnings callTranscript PDF
31 Dec 2020Earnings callTranscript PDF
31 Aug 2020Quarter ended Q1FY21Transcript PDF
31 Jul 2020Quarter ended Q1FY21Transcript PDF
31 Mar 2020Earnings callTranscript PDF
31 Dec 2019Earnings callTranscript PDF
31 Aug 2019Quarter ended Q1FY20Transcript PDF
31 May 2019Quarter ended Q4FY19Transcript PDF
28 Feb 2019Earnings callTranscript PDF

Each entry links to the transcript PDF the company filed with the exchange. Primary sources, in management's own words.

What changed32 disclosures

Every recent official filing from Mahanagar Gas Limited, straight from the exchange feed, with the BazaarBaazi Event Heat on the disclosure flow.

Mahanagar Gas Limited has filed 32 official disclosures recently. The most recent is a Regulatory dated 08 Jul 2026.

Event Heat

31 / 100
08 Jul 2026
RegulatoryWatch

Certificate under SEBI (Depositories and Participants) Regulations, 2018

Filing
07 Jul 2026
DisclosureWatch

Copy of Newspaper Publication

Filing
30 Jun 2026
Management changeRoutine

Appointment of Mr Sanket Dhotre as Vice President, Human Resources & Corporate Social Responsibility of the company w.e.f. July 01, 2026

Filing
30 Jun 2026
Management changeRoutine

Appointment of Mr Mukesh Panhotra as Vice President, Marketing of the company w.e.f. July 01, 2026

Filing
30 Jun 2026
DisclosureWatch

Retirement

Filing
26 Jun 2026
Insider tradeWatch

the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Filing
09 Jun 2026
Investor meetRoutine

Schedule of meet

Filing
31 May 2026
DisclosureWatch

Retirement

Filing
Event Heat31 / 100 · Tilting down

Event Heat is a dated net read of Mahanagar Gas Limited's last 90 days of official disclosures, balancing the constructive filings against the ones to watch. It is a signal from what the company has filed, not investment advice. Every line above links to its official exchange filing, and the full market desk is at the disclosures hub.

See what changed across the whole market.

Key fundamentalsEditorial reference

The anchor data BazaarBaazi references when reading the MGL chart. Not a substitute for a registered research note.

TickerMGL
Full nameMahanagar Gas Limited
SectorOil Gas & Consumable Fuels
Index classMID CAP
ISININE002S01010
Market-cap band~10,660 cr (indicative)
Last referenced levelInside latest show
Last session moveNot referenced this cycle
Editorial line inSystematic Read on 21 Jul 2026
Aliases trackedMGL

Reference chartLevels in show

The daily frame the desk reads on MGL.

Chart frame not yet rendered for MGL. The desk references levels inline inside each show.
Structural levels are read inside the latest show.

FAQ13 reader questions · AEO-eligible

The line on MGL, distilled and schema-marked for AI Overview, Perplexity, and reader search.

What is the MGL share price target for 2026?

BazaarBaazi does not publish a SEBI-registered price target on MGL. The desk reads structural support and resistance inside each show against the printed spot; the most recent editorial line is Systematic Read on 21 Jul 2026.

What is BazaarBaazi's Crack Score for MGL?

The BazaarBaazi Crack Score for MGL is 37 out of 100 as of 21 Jul 2026, a cautious reading. It is a computed conviction number from the signed stance, how consistent the recent verdicts have been, the quality of the printed structure, and how fresh the review is. It is a transparency signal, not investment advice.

What is the F&O view on MGL?

Strike-level option inventory for MGL is unavailable, so BazaarBaazi withholds participant, direction and positioning claims. The editorial chart stance is not substituted for an option-chain observation.

What sector is MGL in and which peers does BazaarBaazi track?

MGL sits in Oil Gas & Consumable Fuels (mid cap), indicative market cap ~10,660 cr (indicative), ISIN INE002S01010. The peers BazaarBaazi reads alongside it are Mangalore Refinery and Petrchemicals Limited, Chennai Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited. A systematic, data-only read on Mahanagar Gas Limited: where it trades versus its 50-day and 200-day lines, the live 52-week range, and momentum, refreshed from the scanner's real price series each run.

How often is the MGL view updated?

This page is one evergreen URL refreshed in place. The Crack Score and levels re-compute on every BazaarBaazi end-of-day run, and the dated stamp shows the last refresh. The latest signed verdict on MGL is bearish, published in Systematic Read on 21 Jul 2026.

Is MGL a qualifying setup on the BazaarBaazi scanner right now?

On the 2026-07-21 run of the 500-name BazaarBaazi setup scanner, Mahanagar Gas Limited sits in the Watchlist tier with a setup score of 69/100 (technical 100, fundamental 33). The scanner is a deterministic engine over real OHLCV and official filings, refreshed nightly, and it is a signal rather than investment advice.

Where can I read Mahanagar Gas Limited's earnings call transcripts?

BazaarBaazi indexes 30 MGL earnings calls going back to 2019-02-28, latest 2026-05-31. Every entry on this page links straight to the transcript PDF the company filed with the exchange, so you read management in the primary source.

What was Mahanagar Gas Limited's Q4 FY26 net profit?

Mahanagar Gas Limited reported a net profit of Rs 130 cr for Q4 FY26 (the quarter ended 31 March 2026). The figure is from the company's official NSE filing.

What was Mahanagar Gas Limited's Q4 FY26 revenue?

Mahanagar Gas Limited reported revenue of Rs 2,259 cr for Q4 FY26. The figure is from the company's official NSE filing.

How does BazaarBaazi rate Mahanagar Gas Limited's Q4 FY26 result?

BazaarBaazi gives Mahanagar Gas Limited's Q4 FY26 result a Result Pulse of 40 out of 100, with a verdict of Mixed. The Result Pulse is a BazaarBaazi editorial score for the quality of the filed result, not investment advice.

What has Mahanagar Gas Ltd announced recently?

Mahanagar Gas Ltd's two most material recent disclosures are a regulatory dated 08 Jul 2026, "Certificate under SEBI (Depositories and Participants)…", and a disclosure dated 07 Jul 2026, "Copy of Newspaper Publication". Both link to the company's own official filing on the BazaarBaazi stock page.

Has Mahanagar Gas Ltd declared a dividend recently?

Yes. Mahanagar Gas Ltd filed a dividend disclosure on 07 May 2026, filed as "Board of Directors at its meeting held on May 07, 2026, recommended…". Any amount shown is the exchange's own record, linked from the BazaarBaazi stock page. A dividend is a declared payout, not a forecast of future returns.

What did Mahanagar Gas Ltd's latest board meeting cover?

Mahanagar Gas Ltd's most recent board-meeting disclosure on record dated 07 May 2026 reads "Board Meeting to be held on 07-May-2026 to consider and approve the…". That is the agenda as filed with the exchange, linked from the BazaarBaazi stock page, and BazaarBaazi adds no claim of its own to it.

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