Mahanagar GasNSE:MGL -2.77%97 Days Payable is 29.53 as of Mar. 2026, which is 8% below its 10-year median of 32.24. 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 483 Utilities - Regulated companies, Mahanagar Gas ranks worse than 84.89% on this metric.
The historical rank and industry rank for Mahanagar Gas's Days Payable or its related term are showing as below:
NSE:MGL'
s Days Payable Range Over the Past 10 Years
Min: 21.14 Med: 32.24 Max: 59.7
Current: 28.61
During the past 13 years, Mahanagar Gas's highest Days Payable was 59.70. The lowest was 21.14. And the median was 32.24.
NSE:MGL's Days Payable is ranked worse than 84.89% of 483
companies
in the Utilities - Regulated industry
Industry Median: 70.35
vs NSE:MGL: 28.61
Mahanagar Gas's Days Payable
declined
from Mar. 2025 (32.45) to Mar. 2026 (29.53).
It may suggest that Mahanagar Gasaccelerated paying its suppliers.
Mahanagar Gas Days Payable Related Terms
Mahanagar Gas Days Payable Historical Data
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The historical data trend for Mahanagar Gas's Days Payable can be seen below:
* 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.
For the Utilities - Regulated Gas subindustry, Mahanagar Gas's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Mahanagar Gas's Days Payable distribution charts can be found below:
* The bar in red indicates where Mahanagar Gas's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Mahanagar Gas's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Mahanagar Gas (NSE:MGL) has a Days Payable of 29.53 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Mahanagar Gas and its competitors. This is near median its historical median of 32.24. Over the past decade, Mahanagar Gas' Days Payable has ranged from 21.14 to 59.70. According to the industry distribution chart, Mahanagar Gas ranks #410 out of 483 companies in the Utilities - Regulated industry, placing it in the top 84.9%.
Is Mahanagar Gas' Days Payable too high?
Mahanagar Gas' current Days Payable of 29.53 is near median its 10-year median of 32.24. Over the past 10 years, this metric has ranged from a low of 21.14 to a high of 59.70. The Utilities - Regulated industry median Days Payable is 70.35. Mahanagar Gas' value of 29.53 is 58% below this industry median. Based on the distribution chart, Mahanagar Gas ranks #410 out of 483 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. 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' Days Payable compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Mahanagar Gas ranks #410 out of 483 companies for Days Payable. This places Mahanagar Gas in the lower half of its industry. The industry median Days Payable is 70.35. Mahanagar Gas' value of 29.53 is 58% below this benchmark. Historically, Mahanagar Gas' own Days Payable has ranged from 21.14 to 59.70 over the past decade. While the company's 10-year median is 32.24 vs. the industry median of 70.35, Mahanagar Gas has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Utilities - Regulated company?
The median Days Payable among Utilities - Regulated companies is 70.35, based on 483 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mahanagar Gas's current Days Payable of 29.53 is 58% 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Mahanagar Gas and its competitors. For the Utilities - Regulated industry, the median Days Payable is 70.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahanagar Gas's current Days Payable is 29.53, which is near median its own 10-year median of 32.24. 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 ₹1,142.10 — trading 26.5% below its estimated fair value. The current Days Payable is 29.53, which is near median its 10-year median of 32.24 and 58% below the Utilities - Regulated industry median of 70.35. 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 Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Mahanagar Gas (NSE:MGL), the current Days Payable is 29.53 as of Mar. 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 ₹1,142.10 is trading 26.5% below its estimated GF Value™ of ₹1,552.96.
GuruFocus considers Mahanagar Gas to be Modestly Undervalued.
Key valuation signals for NSE:MGL:
Days Payable: 29.53 (near median its 10-year median of 32.24)
GF Value™: ₹1,552.96 vs. price of ₹1,142.10 (26.5% below fair value)
Industry Position: 58% below the Utilities - Regulated median (#410 of 483)
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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