Mahanagar GasNSE:MGL -1.79%97 EBITDA Margin % is 14.01% as of Mar. 2026, which is 58% below its 10-year median of 33.36. GuruFocus rates NSE:MGL with a GF Score™ of 97/100 and a GF Value™ of ₹1,552.53 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 499 Utilities - Regulated companies, Mahanagar Gas ranks worse than 57.52% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Mahanagar Gas's EBITDA for the
three
months ended in Mar. 2026 was ₹2,875 Mil. Mahanagar Gas's Revenue for the
three
months ended in Mar. 2026 was ₹20,521 Mil. Therefore, Mahanagar Gas's EBITDA margin for the quarter that ended in Mar. 2026 was 14.01%.
Mahanagar Gas (NSE:MGL) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Mahanagar Gas EBITDA Margin % Related Terms
Mahanagar Gas EBITDA Margin % Historical Data
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The historical data trend for Mahanagar Gas's EBITDA Margin % 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.
NSE:MGL vs ATO, NI, UGI: EBITDA Margin % Comparison
For the Utilities - Regulated Gas subindustry, Mahanagar Gas's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Mahanagar Gas's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Mahanagar Gas's EBITDA Margin % falls into.
* 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 EBITDA Margin % of 14.01% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Mahanagar Gas and its competitors. This is 58% below median its historical median of 33.36. Over the past decade, Mahanagar Gas' EBITDA Margin % has ranged from 18.98 to 47.49. According to the industry distribution chart, Mahanagar Gas ranks #287 out of 499 companies in the Utilities - Regulated industry, placing it in the top 57.5%.
Is Mahanagar Gas' EBITDA Margin % too high?
Mahanagar Gas' current EBITDA Margin % of 14.01% is 58% below median its 10-year median of 33.36. Over the past 10 years, this metric has ranged from a low of 18.98 to a high of 47.49. The Utilities - Regulated industry median EBITDA Margin % is 23.94. Mahanagar Gas' value of 14.01% is 41.5% below this industry median. Based on the distribution chart, Mahanagar Gas ranks #287 out of 499 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' EBITDA Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Mahanagar Gas ranks #287 out of 499 companies for EBITDA Margin %. This places Mahanagar Gas in the lower half of its industry. The industry median EBITDA Margin % is 23.94. Mahanagar Gas' value of 14.01% is 41.5% below this benchmark. Historically, Mahanagar Gas' own EBITDA Margin % has ranged from 18.98 to 47.49 over the past decade. While the company's 10-year median is 33.36 vs. the industry median of 23.94, 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 EBITDA Margin % for an Utilities - Regulated company?
The median EBITDA Margin % among Utilities - Regulated companies is 23.94, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mahanagar Gas's current EBITDA Margin % of 14.01% is 41.5% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Mahanagar Gas and its competitors. For the Utilities - Regulated industry, the median EBITDA Margin % is 23.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahanagar Gas's current EBITDA Margin % is 14.01%, which is 58% below median its own 10-year median of 33.36. 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 ₹1,552.53, compared to a current price of ₹1,174.60 — trading 24.3% below its estimated fair value. The current EBITDA Margin % is 14.01%, which is 58% below median its 10-year median of 33.36 and 41.5% below the Utilities - Regulated industry median of 23.94. 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 EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Mahanagar Gas (NSE:MGL), the current EBITDA Margin % is 14.01% 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 ₹1,174.60 is trading 24.3% below its estimated GF Value™ of ₹1,552.53.
GuruFocus considers Mahanagar Gas to be Modestly Undervalued.
Key valuation signals for NSE:MGL:
EBITDA Margin %: 14.01% (58% below median its 10-year median of 33.36)
GF Value™: ₹1,552.53 vs. price of ₹1,174.60 (24.3% below fair value)
Industry Position: 41.5% below the Utilities - Regulated median (#287 of 499)
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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EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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