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.
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.
Directional risk is visible, but a full trade thesis is still forming. HEDGE rows deliberately carry no outright entry frame.
Technical axis
100/100Fundamental axis
33/100Money flow
32/100Result pulse · Q4 FY26
40/100Named 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)
12.7P/E vs sector
+1.2%Sector percentile
53PEG
n/aGrowth 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.
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.
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.
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.
Result Pulse
40 / 100Revenue
Rs 2,259 crNet profit
Rs 130 crEPS (quarter)
Rs 13.15| Growth | YoY | QoQ |
|---|---|---|
| Revenue | n/a | -0.4% |
| Net profit | n/a | -35.5% |
| Net margin | +5.7% | |
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.
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.
| Quarter | Revenue | EPS | PAT YoY | Pulse | Source |
|---|---|---|---|---|---|
| Q4 FY26ended 31 Mar 2026 / Consolidated, audited | Rs 2,259 cr | Rs 13.15 | n/a | 40/100 | Filing |
| Q3 FY26ended 31 Dec 2025 / Consolidated, audited | Rs 2,268 cr | Rs 20.36 | n/a | 50/100 | Filing |
| Q2 FY26ended 30 Sep 2025 / Consolidated, audited | Rs 2,256 cr | Rs 19.37 | n/a | n/a | Filing |
| Q1 FY26ended 30 Jun 2025 / Consolidated, audited | Rs 2,282 cr | Rs 32.18 | n/a | 50/100 | Filing |
| Q4 FY25ended 31 Mar 2025 / Consolidated, audited | Rs 2,152 cr | Rs 25.01 | n/a | n/a | Filing |
| Q3 FY25ended 31 Dec 2024 / Consolidated, audited | Rs 2,032 cr | Rs 22.39 | n/a | n/a | Filing |
| Q2 FY25ended 30 Sep 2024 / Consolidated, audited | Rs 1,963 cr | Rs 28.70 | n/a | n/a | Filing |
| Q1 FY25ended 30 Jun 2024 / Consolidated, audited | Rs 1,832 cr | Rs 29.23 | n/a | n/a | Filing |
| Q4 FY24ended 31 Mar 2024 / Consolidated, audited | Rs 1,771 cr | Rs 25.54 | n/a | n/a | Filing |
| Q3 FY24ended 31 Dec 2023 / Consolidated, audited | Rs 1,724 cr | Rs 32.11 | n/a | n/a | Filing |
| Q2 FY24ended 30 Sep 2023 / Standalone, audited | Rs 1,729 cr | Rs 34.27 | n/a | n/a | Filing |
| Q1 FY24ended 30 Jun 2023 / Standalone, audited | Rs 1,690 cr | Rs 37.30 | n/a | n/a | Filing |
| Q4 FY23ended 31 Mar 2023 / Standalone, audited | Rs 1,772 cr | Rs 27.21 | n/a | n/a | Filing |
| Q3 FY23ended 31 Dec 2022 / Standalone, audited | Rs 1,838 cr | Rs 17.42 | n/a | n/a | Filing |
| Q2 FY23ended 30 Sep 2022 / Standalone, audited | Rs 1,718 cr | Rs 16.60 | n/a | n/a | Filing |
| Q1 FY23ended 30 Jun 2022 / Standalone, audited | Rs 1,593 cr | Rs 18.75 | n/a | n/a | Filing |
| Q4 FY22ended 31 Mar 2022 / Standalone, audited | Rs 1,188 cr | Rs 13.34 | n/a | n/a | Filing |
| Q3 FY22ended 31 Dec 2021 / Standalone, audited | Rs 1,123 cr | Rs 5.75 | n/a | n/a | Filing |
| Q2 FY22ended 30 Sep 2021 / Standalone, audited | Rs 908 cr | Rs 20.68 | n/a | n/a | Filing |
| Q1 FY22ended 30 Jun 2021 / Standalone, audited | Rs 667 cr | Rs 20.66 | n/a | n/a | Filing |
| Q4 FY21ended 31 Mar 2021 / Standalone, audited | Rs 784 cr | Rs 21.54 | n/a | n/a | Filing |
| Q3 FY21ended 31 Dec 2020 / Standalone, audited | Rs 727 cr | Rs 21.99 | n/a | n/a | Filing |
| Q2 FY21ended 30 Sep 2020 / Standalone, audited | Rs 549 cr | Rs 14.61 | n/a | n/a | Filing |
| Q1 FY21ended 30 Jun 2020 / Standalone, audited | Rs 277 cr | Rs 4.58 | n/a | n/a | Filing |
| Q4 FY20ended 31 Mar 2020 / Standalone, audited | Rs 753 cr | Rs 16.87 | n/a | n/a | Filing |
| Q3 FY20ended 31 Dec 2019 / Standalone, audited | Rs 819 cr | Rs 18.84 | n/a | n/a | Filing |
| Q2 FY20ended 30 Sep 2019 / Standalone, audited | Rs 862 cr | Rs 27.40 | n/a | n/a | Filing |
| Q1 FY20ended 30 Jun 2019 / Standalone, audited | Rs 831 cr | Rs 17.23 | n/a | n/a | Filing |
| Q4 FY19ended 31 Mar 2019 / Standalone, audited | Rs 793 cr | Rs 13.51 | n/a | n/a | Filing |
| Q3 FY19ended 31 Dec 2018 / Standalone, audited | Rs 824 cr | Rs 15.02 | n/a | n/a | Filing |
| Q2 FY19ended 30 Sep 2018 / Standalone, audited | Rs 763 cr | Rs 13.80 | n/a | n/a | Filing |
| Q1 FY19ended 30 Jun 2018 / Standalone, audited | Rs 676 cr | Rs 12.99 | n/a | n/a | Filing |
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 crNet profit (TTM)
841 crEBIT (TTM)
1,161 crProfit before tax (TTM)
1,140 crNet margin (TTM)
9.3%Finance costs (TTM)
21.0 crBalance sheet, as filed 2026-03-31
Total assets
8,981 crShareholder equity
6,442 crTotal borrowings
0.0 crCash and equivalents
57.2 crInventory
62.6 crTrade receivables
459 crThe cash engine, latest filed year
Operating cash flow
1,162 crCapex
1,076 crFree cash flow
86.7 crInvesting flow
-888 crFinancing flow
-369 crAnnual trail, filed year over filed year
| Year | Revenue | Net profit | Equity | Borrowings | CFO |
|---|---|---|---|---|---|
| FY26 | 9,065 cr | 841 cr | 6,442 cr | 0.0 cr | 1,162 cr |
| FY25 | 7,979 cr | 1,040 cr | 5,895 cr | 0.0 cr | 1,814 cr |
| FY24 | 6,914 cr | 1,276 cr | 5,135 cr | 0.0 cr | 1,461 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
Show 22 older calls
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 / 100Certificate under SEBI (Depositories and Participants) Regulations, 2018
Appointment of Mr Sanket Dhotre as Vice President, Human Resources & Corporate Social Responsibility of the company w.e.f. July 01, 2026
Appointment of Mr Mukesh Panhotra as Vice President, Marketing of the company w.e.f. July 01, 2026
the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
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.
Key fundamentalsEditorial reference
The anchor data BazaarBaazi references when reading the MGL chart. Not a substitute for a registered research note.
| Ticker | MGL |
|---|---|
| Full name | Mahanagar Gas Limited |
| Sector | Oil Gas & Consumable Fuels |
| Index class | MID CAP |
| ISIN | INE002S01010 |
| Market-cap band | ~10,660 cr (indicative) |
| Last referenced level | Inside latest show |
| Last session move | Not referenced this cycle |
| Editorial line in | Systematic Read on 21 Jul 2026 |
| Aliases tracked | MGL |
Reference chartLevels in show
The daily frame the desk reads on MGL.
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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