---
title: "Mahanagar Gas Ltd (MGL) — Share Price, Financials & Analysis"
symbol: "MGL"
company: "Mahanagar Gas Ltd"
canonical: "https://tapetide.com/stocks/MGL"
isin: "INE002S01010"
nse_symbol: "MGL"
bse_code: "539957"
sector: "Oil & Gas"
industry: "Gas Supplier"
market_cap_cr: 10760.85
generated_at: "2026-09-13T19:57:11.241Z"
---

# Mahanagar Gas Ltd (MGL)

Canonical page: https://tapetide.com/stocks/MGL

## Company

- **NSE Symbol:** MGL
- **BSE Code:** 539957
- **ISIN:** INE002S01010
- **Sector:** Oil & Gas
- **Industry:** Gas Supplier
- **Macro Sector:** Energy
- **Stock Type:** EQUITY
- **Listed Since:** 2016-07-01
- **CEO:** Mr. Ashu Shinghal
- **Employees:** 579
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mahanagargas.com

## About

Mahanagar Gas Ltd is engaged in the business of City gas distribution (CGD), presently supplying natural gas in the city of Mumbai including adjoining areas and the Raigad District in the state of Maharashtra.[1]

## Latest Price

- **Price:** ₹1084.3
- **Change:** -16.5 (-1.5%)
- **Open:** ₹1099.9
- **Day High:** ₹1099.9
- **Day Low:** ₹1080.4
- **Previous Close:** ₹1100.8
- **Volume:** 76835
- **As Of:** 2026-09-11T10:01:40+00:00

## Key Fundamentals

Observed at 2026-09-11T04:49:40.426851Z.

- **Market Cap:** ₹10760.85 Cr
- **Classification:** Microcap
- **P/E (reported):** 15.2
- **P/E (TTM):** 14.85
- **EPS (TTM):** ₹73
- **EPS (reported):** ₹121.15
- **Book Value:** ₹650.71
- **Price to Book:** 1.69
- **Dividend Yield:** 2.73%
- **ROE:** 13.05%
- **ROCE:** 16.45%
- **Debt to Equity:** 0.03
- **Revenue (yearly):** ₹8365.6 Cr
- **Net Income:** ₹840.5 Cr
- **EBITDA:** ₹1570.5 Cr
- **52-Week High:** ₹1378
- **52-Week Low:** ₹900
- **RSI (14):** 49.91

## Tapetide Score

- **Score:** 55 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Falling
- **Percentile:** 70.1 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 71.14 | 9% |
| growth | 46.97 | 9% |
| momentum | 43.15 | 12% |
| ownership | 50 | 24% |
| quality | 63.64 | 22% |
| valuation | 57.9 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 28.8%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -17.37% | -25.87% | -45.63% |
| ebitda margin growth | 29.7% | -19.68% | -39.9% | — |
| net income growth | 48.61% | -19.19% | -1% | 4% |
| revenue growth | 15.47% | 12.59% | 9% | 31% |
| roce | 45.66% | -23.59% | -47.54% | — |
| roe | 48.61% | -26.06% | 18.56% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1571 | 1569 | 1567 | 1590 | 1786 | 1758 | 1963 | 2081 | 2049 | 2058 | 2051 | 2372 |
| Expenses | 1092 | 1120 | 1173 | 1171 | 1373 | 1443 | 1568 | 1581 | 1711 | 1706 | 1791 | 2029 |
| Operating Profit | 479 | 449 | 394 | 418 | 413 | 314 | 395 | 501 | 338 | 352 | 260 | 343 |
| OPM % | 30 | 29 | 25 | 26 | 23 | 18 | 20 | 24 | 16 | 17 | 13 | 14 |
| Other Income | 44 | 48 | 45 | 40 | 47 | 46 | 42 | 32 | 29 | 29 | 29 | 30 |
| Interest | 2 | 3 | 4 | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 5 | 6 |
| Depreciation | 66 | 68 | 78 | 72 | 84 | 79 | 95 | 96 | 104 | 103 | 106 | 109 |
| Profit before tax | 454 | 426 | 357 | 384 | 373 | 278 | 338 | 432 | 258 | 272 | 178 | 259 |
| Tax % | 25 | 26 | 26 | 26 | 23 | 19 | 28 | 26 | 25 | 26 | 26 | 25 |
| Net Profit | 338 | 317 | 265 | 285 | 287 | 225 | 242 | 320 | 193 | 202 | 132 | 194 |
| EPS in Rs | 34.27 | 32.11 | 26.83 | 28.81 | 29.03 | 22.82 | 24.53 | 32.35 | 19.58 | 20.45 | 13.36 | 19.61 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2233 | 2791 | 2972 | 2153 | 3560 | 6299 | 6245 | 7261 | 8240 | 8531 |
| Expenses | 1453 | 1906 | 1919 | 1219 | 2636 | 5115 | 4402 | 5691 | 6789 | 7237 |
| Operating Profit | 780 | 885 | 1053 | 934 | 924 | 1184 | 1843 | 1570 | 1451 | 1293 |
| OPM % | 35 | 32 | 35 | 43 | 26 | 19 | 30 | 22 | 18 | 15 |
| Other Income | 58 | 78 | 99 | 81 | 86 | 112 | 175 | 166 | 119 | 118 |
| Interest | 0 | 0 | 7 | 7 | 8 | 9 | 12 | 14 | 21 | 22 |
| Depreciation | 111 | 126 | 162 | 174 | 196 | 231 | 274 | 352 | 409 | 422 |
| Profit before tax | 727 | 837 | 984 | 834 | 806 | 1056 | 1733 | 1371 | 1141 | 967 |
| Tax % | 34 | 35 | 19 | 26 | 26 | 25 | 26 | 24 | 26 | — |
| Net Profit | 478 | 546 | 794 | 620 | 597 | 790 | 1289 | 1041 | 847 | 721 |
| EPS in Rs | 48.38 | 55.32 | 80.33 | 62.72 | 60.43 | 79.98 | 130.5 | 105.41 | 85.73 | 73 |
| Dividend Payout % | 39 | 36 | 44 | 37 | 41 | 20 | 23 | 28 | 35 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 |
| Reserves | 1741 | 1997 | 2300 | 2854 | 3134 | 3499 | 4035 | 5044 | 5780 | 6335 |
| Borrowings | 3 | 1 | 0 | 67 | 74 | 103 | 115 | 139 | 198 | 219 |
| Other Liabilities | 782 | 914 | 1042 | 1109 | 1295 | 1534 | 1783 | 1944 | 2208 | 2312 |
| Total Liabilities | 2624 | 3010 | 3441 | 4128 | 4601 | 5234 | 6032 | 7226 | 8284 | 8965 |
| Fixed Assets | 1305 | 1532 | 1763 | 2049 | 2169 | 2614 | 3026 | 3543 | 4844 | 5373 |
| CWIP | 412 | 357 | 370 | 487 | 560 | 616 | 709 | 774 | 1062 | 1259 |
| Investments | 467 | 688 | 654 | 1121 | 1025 | 1088 | 1310 | 1636 | 1178 | 1169 |
| Other Assets | 441 | 434 | 654 | 471 | 847 | 916 | 988 | 1273 | 1200 | 1163 |
| Total Assets | 2624 | 3010 | 3441 | 4128 | 4601 | 5234 | 6032 | 7226 | 8284 | 8965 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 532 | 652 | 685 | 985 | 806 | 904 | 969 | 1563 | 1420 | 1147 |
| Cash from Investing Activity | -263 | -419 | -439 | -755 | -444 | -539 | -649 | -1267 | -1056 | -874 |
| Cash from Financing Activity | -284 | -226 | -235 | -242 | -349 | -310 | -285 | -312 | -341 | -368 |
| Net Cash Flow | -15 | 8 | 12 | -11 | 13 | 54 | 35 | -15 | 22 | -95 |
| Free Cash Flow | 278 | 383 | 322 | 559 | 466 | 256 | 257 | 793 | 249 | 87 |
| CFO/OP | 112 | 113 | 108 | 116 | 108 | 121 | 104 | 108 | 108 | 97 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 17 | 14 | 13 | 8 | 22 | 19 | 17 | 16 | 18 | 20 |
| Inventory Days | 8 | 8 | 5 | 5 | 11 | 5 | 3 | 4 | 4 | 4 |
| Days Payable | 43 | 39 | 40 | 35 | 76 | 48 | 26 | 34 | 34 | 31 |
| Cash Conversion Cycle | -18 | -16 | -22 | -21 | -44 | -24 | -7 | -13 | -11 | -6 |
| Working Capital Days | -79 | -86 | -78 | -97 | -152 | -106 | -63 | -72 | -67 | -56 |
| ROCE % | 34 | 37 | 37 | 37 | 27 | 23 | 27 | 34 | 23 | 17 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% |
| FIIs | 30.51% | 30.85% | 30.55% | 31.49% | 34.2% | 25.75% | 23.76% | 25.48% | 23.6% | 24.89% | 24.14% | 23.21% |
| DIIs | 15.5% | 16.72% | 17.4% | 16.67% | 15.47% | 21.1% | 23.82% | 22.52% | 22.89% | 20.83% | 21.01% | 22.53% |
| Government | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% |
| Public | 9.27% | 7.98% | 8.03% | 7.85% | 6.51% | 8.7% | 8.09% | 7.99% | 9.32% | 10.09% | 10.43% | 9.99% |
| Others | 2.22% | 1.95% | 1.52% | 1.49% | 1.33% | 1.94% | 1.83% | 1.51% | 1.69% | 1.7% | 1.92% | 1.77% |
| No. of Shareholders | 153582 | 141617 | 149718 | 147540 | 142738 | 173905 | 167650 | 166589 | 178576 | 179761 | 184373 | 178033 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 7 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1083.99 | Buy |
| EMA (10) | 1091.12 | Sell |
| SMA (20) | 1099.51 | Sell |
| EMA (20) | 1096.69 | Sell |
| SMA (50) | 1106.32 | Sell |
| EMA (50) | 1105.47 | Sell |
| SMA (100) | 1114.38 | Sell |
| EMA (100) | 1109.69 | Sell |
| SMA (200) | 1104.1 | Sell |
| EMA (200) | 1136.12 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.78 | Neutral |
| MACD (12,26,9) | -7.34 | Buy |
| Stochastic (14,3,3) | 35.48 | Neutral |
| ADX (14) | 14.92 | Neutral |
| Williams %R (14) | -67.68 | Neutral |
| ATR (14) | 26.67 | Neutral |
| ROC (12) | -2.78 | Sell |
| Stoch RSI (14) | 61.49 | Neutral |
| UO (7,14,28) | 43.93 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 23 | 76.67% |
| Hold | 4 | 13.33% |
| Sell | 3 | 10% |

Based on 30 analyst ratings, observed at 2026-09-11T04:49:40.331790+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9cb58f3-350c-4c1b-be50-3dee29bde690.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec2104c9-8656-4b2c-8b81-14bffdec8f4e.pdf) |
| 2026-08-26 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=593708b2-1ade-4e75-9bd5-1b8fe989f456.pdf) |
| 2026-08-25 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=32c906fb-7d0f-461b-8a95-3942d8e58691.pdf) |
| 2026-08-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=93f8ec3d-70b4-40df-a31a-0a6c5bd8ba1e.pdf) |
| 2026-08-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c458a09f-903e-4b9d-a17c-f3fac6e70b9c.pdf) |
| 2026-08-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36a77227-f278-400e-a665-3e95dbcb2168.pdf) |
| 2026-08-03 | [Record Date For The Purpose Of Payment Of Final Dividend On Equity Shares For FY 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11558634-a12c-421e-8eab-3194e200ed6b.pdf) |
| 2026-08-03 | [Letter Sent To Shareholders - Annual Report FY 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=60c07178-1f8b-475d-92eb-08c84fbc8dd5.pdf) |
| 2026-08-03 | [Notice Of 31St Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca846e90-4e5f-4469-8177-f8dae26637c5.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ea88aca-7ee8-4c87-8c7f-beffab60a9ba.pdf) |
| 2026-05-14 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eddac62c-66d1-4e8e-a63d-b835d850e183.pdf) |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2c6a672-f572-49af-8017-3aed7d222c22.pdf) |
| 2025-11-07 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0b4d6735-bdda-4151-9e32-0162007c47e4.pdf) |
| 2025-07-30 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=89d0e8de-99ff-4a91-8c06-b077724a2ba0.pdf) |
| 2025-05-14 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14aa82f4-84d0-421c-b83e-d5967dc332aa.pdf) |
| 2025-02-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ddefd054-efc4-4ede-9de1-7e8743efe67a.pdf) |
| 2024-10-30 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c4c1a52d-9c19-419d-87fc-06447aa332ff.pdf) |
| 2024-08-02 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=104064ac-8f15-44e2-9f76-bec761302a55.pdf) |
| 2024-08-01 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ebf6064-93ec-41ea-9bb8-1490f11c4d83.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-07-31 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d44ebb1b-c892-4af1-8a57-3293f5fa739e.pdf) |
| 2026-05-08 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3099f331-8c1e-4458-a357-a59091e7ef1a.pdf) |
| 2026-02-09 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e9da9ed3-126d-485b-b05f-506f879f940b.pdf) |
| 2025-10-30 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fe16c2f2-53f7-494a-af64-c5786beffebf.pdf) |
| 2025-07-23 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d9c049f-3c9d-4333-88b4-8db5ff1d980a.pdf) |
| 2025-06-06 | [Announcement Under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e8c41bd-b9c4-4cc5-8ca1-97509422bb3b.pdf) |
| 2025-05-07 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e237de7a-60d0-4f39-8900-acad7e8d963b.pdf) |
| 2025-01-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8f0fcc0-f018-4698-a998-c3dc6ad30235.pdf) |
| 2024-06-07 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=016e6b09-3a3a-4fcd-8e1b-b3d07454e3d7.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-07-31 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c080e021-32a7-4f9e-80e5-0bb08166fc6e.pdf) |
| 2026-05-08 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4a4a9163-22e1-4d34-9bd6-11c5889e759e.pdf) |
| 2026-02-09 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a34474ef-58ba-4685-85a0-f90933b4f673.pdf) |
| 2025-10-30 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9c1766f4-4d0a-4468-8751-978f80fa1834.pdf) |
| 2025-07-23 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c4af15d-f194-4325-a2e3-3dbc85b8ebbe.pdf) |
| 2025-05-07 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=93431af5-0e80-4033-9804-506efd442382.pdf) |
| 2024-10-25 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9de4e720-ebb7-432e-a111-182581a086d4.pdf) |
| 2024-07-26 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0d73c143-8f28-45bf-a9b7-29c772a192fb.pdf) |
| 2024-06-08 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=86da7fe1-41e3-467a-8df4-c6ae1f6ba413.pdf) |
| 2024-05-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d99ad54c-ec76-4e21-8375-9ed9e4f4f958.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-30 | [Results - Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2419ebd2-612f-4aa2-b2f6-0a9b403dbe74.pdf) |
| 2026-05-07 | [Results - Financial Results For The Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18662af5-c241-4d4e-a9cb-f9004b5d7b9f.pdf) |
| 2026-02-07 | [Results - Financial Results For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=531c9330-e28d-4f68-abc4-e2f633f631dd.pdf) |
| 2025-10-29 | [Results - Financial Results For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02b04814-b760-4f35-a521-31fddf045c23.pdf) |
| 2025-07-22 | [Results - Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aa963a39-c817-424e-b45c-e4d1cadf7128.pdf) |
| 2025-05-06 | [Results - Financial Results For The Quarter And Financial Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=517d82f0-499b-4786-bd5a-c64dcea2a22f.pdf) |
| 2025-01-28 | [Financial Results For The Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99e68ec4-e11f-4edb-802e-d6fd0450abaa.pdf) |
| 2024-10-24 | [Financial Results For The Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=46ffa4c7-e634-42d9-b147-3ac0344c871a.pdf) |
| 2024-07-25 | [Results - Financial Results For June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1ee6ea48-378d-4354-a945-b5bebcbd27bf.pdf) |
| 2024-05-10 | [Corrigendum To Audited Financial Results (Consolidated) For The Quarter And Year Ended 31St March 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=58a3d189-22ee-40f0-be91-b141a5d4ec19.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Mar - MGL to acquire 26% of FPEL Reliant for Rs.389 lakh on March 9, 2026 to set up solar plant. | [Announcement under Regulation 30 (LODR)-Acquisition 9 Mar - MGL to acquire 26% of FPEL Reliant for Rs.389 lakh on March 9, 2026 to set up solar plant.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/016bbecf-293b-4946-99f5-660014cd3869.pdf) |
| 8 May - Investor Presentation on Audited Standalone and Consolidated Financial Results and Operational Performance of the Company for the financial year ended March 31, 2026 | [Announcement under Regulation 30 (LODR)-Investor Presentation 8 May - Investor Presentation on Audited Standalone and Consolidated Financial Results and Operational Performance of the Company for the financial year ended March 31, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3099f331-8c1e-4458-a357-a59091e7ef1a.pdf) |
| 8 May - Audio recording of FY26 earnings conference call held May 8, 2026, now available online. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 8 May - Audio recording of FY26 earnings conference call held May 8, 2026, now available online.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4a4a9163-22e1-4d34-9bd6-11c5889e759e.pdf) |
| 7 May - Board approved FY26 audited results and recommended Rs18 final dividend; total FY26 dividend Rs30 per share. | [Board Meeting Outcome for Approval Of Audited Standalone And Consolidated Financial Results For The Financial Year Ended March 31, 2026 7 May - Board approved FY26 audited results and recommended Rs18 final dividend; total FY26 dividend Rs30 per share.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ce384873-250a-4ffc-95ba-b571b5c5a6dd.pdf) |
| 7 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f053e8ab-bd18-4ef4-854c-ca144fb7590c.pdf) |
| 4 May - The management of the Company shall be participating in an earnings conference call with research analysts and investors that is scheduled to be held on … | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4 May - The management of the Company shall be participating in an earnings conference call with research analysts and investors that is scheduled to be held on …](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a064fcd6-c20d-4453-b73d-84ce9e86d0aa.pdf) |
| 2d - Board meeting on May 7, 2026 to consider FY26 audited results and final dividend. | [Board Meeting Intimation for Considering And Approving The Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended March 31, 2026 And Recommendation Of Final Dividend On Equity Shares 2d - Board meeting on May 7, 2026 to consider FY26 audited results and final dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1e40fdeb-bdb2-483c-b3d9-1388fd7baf77.pdf) |
| 28 Feb - Sandeep K. Gupta ceases as Chairman March 1, 2026; Deepak Gupta appointed Chairman, subject to shareholders. | [Announcement under Regulation 30 (LODR)-Change in Directorate 28 Feb - Sandeep K. Gupta ceases as Chairman March 1, 2026; Deepak Gupta appointed Chairman, subject to shareholders.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d44b1646-74f3-46b8-87c2-b6c316c99d35.pdf) |
| 28 Feb - Chairman Sandeep Kumar Gupta to cease Mar 1, 2026; Deepak Gupta appointed Chairman effective Mar 1, 2026. | [Announcement under Regulation 30 (LODR)-Cessation 28 Feb - Chairman Sandeep Kumar Gupta to cease Mar 1, 2026; Deepak Gupta appointed Chairman effective Mar 1, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ea5e01ff-6010-4caf-9ecc-cbcc8e71e511.pdf) |
| 17 Apr - Newspaper Advertisement for Postal Ballot Notice | [Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Apr - Newspaper Advertisement for Postal Ballot Notice](https://www.bseindia.com/xml-data/corpfiling/AttachHis/56da06ed-be21-4c14-a78f-0a52420eda72.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c4c1a52d-9c19-419d-87fc-06447aa332ff.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0b4d6735-bdda-4151-9e32-0162007c47e4.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8fa25e18-8efe-4387-93ea-b4c33584edea.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dd39e1fe-8a6a-48a8-be72-b7dc7dd5acaf.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=005d429e-185f-40a3-80e4-b8f763100fcc.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/005d429e-185f-40a3-80e4-b8f763100fcc.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eddac62c-66d1-4e8e-a63d-b835d850e183.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/eddac62c-66d1-4e8e-a63d-b835d850e183.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3099f331-8c1e-4458-a357-a59091e7ef1a.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e237de7a-60d0-4f39-8900-acad7e8d963b.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93b4c703-dd91-48d2-aa6f-4cd2d9eac75a.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f96591af-b834-49d8-9bed-3ec71ec9a52d.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2457a37f-b55c-43e0-ae16-b6564a5cc9a2.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e700ef0f-4317-4fcb-824a-8cbe4834ff2a.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539957/73973539957.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:57:11.241Z.