Mahanagar Gas (MGL) is a natural gas distribution company, which currently operates in Mumbai, Thane, Raigad and parts of Navi Mumbai.
The company caters to households, businesses and industrial units.
MGL has a vast network of over 5000 kilometers of pipelines, ensuring reliable delivery of natural gas to its customers.
The company is a joint venture between Gail India Limited and the Government of Maharashtra.
MGL was listed at the stock exchanges in the year 2016.
There was good interest surrounding the IPO, more so since it came during 2016-17 when the market witnessed a major small and mid-cap rally.
From IPO price of 421, MGL ended 2017 with a share price of 1076. For the next 6 years, the stock underwent a period of time correction.
Revenue and profits have risen, but the MGL share price has not. The price-to-earnings (PE) which was above 30 in 2017 has fallen below 10 at the beginning of 2024.
Mahanagar Gas Share Price History
| Year | Share Price | Gain / Loss |
|---|---|---|
| IPO | ₹ 421.00 | |
| Listing | ₹ 519.00 | + 23.3% |
| 2016 | ₹ 770.85 | + 48.5% |
| 2017 | ₹ 1,076.97 | + 39.7% |
| 2018 | ₹ 889.91 | - 17.4% |
| 2019 | ₹ 1,048.14 | + 17.8% |
| 2020 | ₹ 1,061.20 | + 1.2% |
| 2021 | ₹ 862.95 | - 18.7% |
| 2022 | ₹ 838.25 | - 2.9% |
| 2023 | ₹ 1,200.50 | + 43.2% |
| 2024 | ₹ 1,153.90 | - 3.9% |
Mahanagar Gas Share Price Chart
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Mahanagar Gas Share Calculator
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The Mahanagar Gas calculator will tell you the value of your Mahanagar Gas investment in 2024.
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- During 2016, the share price of Mahanagar Gas was ₹ 421.
- If you had bought shares worth ₹ 2500 in 2016, you would have 59 shares today.
- At the end of 2024, the current value of your shares would be ₹ 68521.
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