Mahanagar GasNSE:MGL -1.79%97 Forward Dividend Yield % is 2.55% as of Jun. 27, 2026. GuruFocus rates NSE:MGL with a GF Score™ of 97/100 and a GF Value™ of ₹1,552.96 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 423 Utilities - Regulated companies, Mahanagar Gas ranks worse than 72.58% on this metric.
As of today (2026-06-27), the Forward Annual Dividend Yield of Mahanagar Gas is 2.55%.
As of today (2026-06-27), the Trailing Annual Dividend Yield of Mahanagar Gas is 2.55%.
NSE:MGL's Forward Dividend Yield % is ranked worse than 72.58% of 423
companies
in the Utilities - Regulated industry
Industry Median: 3.7
vs NSE:MGL: 2.55
During the past 3 years, the average Dividends Per Share Growth Rate was 5.60% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 8.90% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mahanagar Gas was 16.00% per year. The lowest was 3.60% per year. And the median was 8.40% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Mahanagar Gas (NSE:MGL) Forward Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Mahanagar Gas Forward Dividend Yield % Related Terms
NSE:MGL vs ATO, NI, UGI: Forward Dividend Yield % Comparison
For the Utilities - Regulated Gas subindustry, Mahanagar Gas's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mahanagar Gas Forward Dividend Yield % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Mahanagar Gas's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Mahanagar Gas's Forward Dividend Yield % falls into.
Mahanagar Gas Forward Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Mahanagar Gas Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
INR 12.000000
2026-02-13
2026-02-13
2026-02-27
Cash Dividend
semi-annually
INR:INR 1.000000
INR 18.000000
2025-08-14
2025-08-14
2025-09-01
Cash Dividend
semi-annually
INR:INR 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Mahanagar Gas's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
24
/
1174.60
=
2.04 %
Current Share Price is ₹1174.60. Mahanagar Gas's Dividends per Share for the forward twelve months is calculated as ₹12 * 2 = ₹24.
Mahanagar Gas's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
30
/
1174.60
=
2.55 %
Current Share Price is ₹1174.60. Mahanagar Gas's Dividends per Share for the trailing twelve months (TTM) ended in Today is ₹30.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Forward Dividend Yield % of 2.55% mean?
Mahanagar Gas (NSE:MGL) has a Forward Dividend Yield % of 2.55% as of Jun. 27, 2026. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Mahanagar Gas and its competitors. According to the industry distribution chart, Mahanagar Gas ranks #307 out of 423 companies in the Utilities - Regulated industry, placing it in the top 72.6%.
Is Mahanagar Gas' Forward Dividend Yield % too high?
Mahanagar Gas' current Forward Dividend Yield % is 2.55%. The Utilities - Regulated industry median Forward Dividend Yield % is 3.70. Mahanagar Gas' value of 2.55% is 31.1% below this industry median. Based on the distribution chart, Mahanagar Gas ranks #307 out of 423 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Mahanagar Gas has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mahanagar Gas' Forward Dividend Yield % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Mahanagar Gas ranks #307 out of 423 companies for Forward Dividend Yield %. This places Mahanagar Gas in the lower half of its industry. The industry median Forward Dividend Yield % is 3.70. Mahanagar Gas' value of 2.55% is 31.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Dividend Yield % for an Utilities - Regulated company?
The median Forward Dividend Yield % among Utilities - Regulated companies is 3.70, based on 423 companies in the industry. Companies in the top quartile (top 25%) have a Forward Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Forward Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mahanagar Gas's current Forward Dividend Yield % of 2.55% is 31.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Dividend Yield % mean?
A high Forward Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Mahanagar Gas and its competitors. For the Utilities - Regulated industry, the median Forward Dividend Yield % is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahanagar Gas's current Forward Dividend Yield % is 2.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahanagar Gas stock overvalued right now?
Based on GuruFocus' analysis, Mahanagar Gas (NSE:MGL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,552.96, compared to a current price of ₹1,174.60 — trading 24.4% below its estimated fair value. The current Forward Dividend Yield % is 2.55% and 31.1% below the Utilities - Regulated industry median of 3.70. Mahanagar Gas' overall GF Score™ is 97/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Dividend Yield % calculated?
Forward Dividend Yield % is calculated from a company's financial statements. For Mahanagar Gas (NSE:MGL), the current Forward Dividend Yield % is 2.55% as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mahanagar Gas (NSE:MGL) Overvalued in 2026?
Based on GuruFocus' analysis, Mahanagar Gas stock appears to be undervalued.
The current stock price of ₹1,174.60 is trading 24.4% below its estimated GF Value™ of ₹1,552.96.
GuruFocus considers Mahanagar Gas to be Modestly Undervalued.
Key valuation signals for NSE:MGL:
Forward Dividend Yield %: 2.55%
GF Value™: ₹1,552.96 vs. price of ₹1,174.60 (24.4% below fair value)
Industry Position: 31.1% below the Utilities - Regulated median (#307 of 423)
No single metric tells the full story. See the NSE:MGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mahanagar Gas Ltd is an India-based natural gas distribution company. It distributes natural gas through the City Gas Distribution network of pipelines. It distributes compressed natural gas (CNG) for use in vehicles and piped natural gas (PNG) for domestic household, commercial, and industrial use, and to transport sector customers as well. The company operates under the business segment of the sale of natural gas. Its business operations are principally carried out in India. The company generates revenue by selling natural gas, of which the sale of CNG accounts majorly for the total gas sales revenue.
97GF Score
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