Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Mahanagar Gas's Enterprise Value is ₹105,525 Mil.
Mahanagar Gas's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₹11,556 Mil. Therefore, Mahanagar Gas's EV-to-EBIT ratio for today is 9.13.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Mahanagar Gas's Enterprise Value is ₹105,525 Mil.
Mahanagar Gas's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₹15,654 Mil. Therefore, Mahanagar Gas's EV-to-EBITDA ratio for today is 6.74.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Mahanagar Gas's Enterprise Value is ₹105,525 Mil.
Mahanagar Gas's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ₹82,457 Mil. Therefore, Mahanagar Gas's EV-to-Revenue ratio for today is 1.28.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Mahanagar Gas's Enterprise Value is ₹105,525 Mil.
Mahanagar Gas's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil. Therefore, Mahanagar Gas's EV-to-FCF ratio for today is .
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Mahanagar Gas (NSE:MGL) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Mahanagar Gas's current Enterprise Value is ₹105,525 Mil.
Mahanagar Gas's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹11,556 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Mahanagar Gas's current Enterprise Value is ₹105,525 Mil.
Mahanagar Gas's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹15,654 Mil.
Mahanagar Gas's current Enterprise Value is ₹105,525 Mil.
Mahanagar Gas's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹82,457 Mil.
Mahanagar Gas's current Enterprise Value is ₹105,525 Mil.
Mahanagar Gas's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.
Mahanagar Gas's current Enterprise Value is ₹105,525 Mil.
Mahanagar Gas's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.
* 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 Enterprise Value Related Terms
Mahanagar Gas Enterprise Value Historical Data
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The historical data trend for Mahanagar Gas's Enterprise Value 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: Enterprise Value Comparison
For the Utilities - Regulated Gas subindustry, Mahanagar Gas's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Mahanagar Gas's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Mahanagar Gas's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Mahanagar Gas's Enterprise Value 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.
What does a Enterprise Value of ₹105,525 Mil mean?
Mahanagar Gas (NSE:MGL) has a Enterprise Value of ₹105,525 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Mahanagar Gas and its competitors.
Is Mahanagar Gas' Enterprise Value too high?
Mahanagar Gas' current Enterprise Value is ₹105,525 Mil. 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' Enterprise Value compare to ATO and NI?
Mahanagar Gas' Enterprise Value of ₹105,525 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Utilities - Regulated company?
A good Enterprise Value depends on the Utilities - Regulated industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Mahanagar Gas and its competitors. Mahanagar Gas's current Enterprise Value is ₹105,525 Mil. 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 Enterprise Value is ₹105,525 Mil. 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Mahanagar Gas (NSE:MGL), the current Enterprise Value is ₹105,525 Mil as of Jun. 29, 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:
Enterprise Value: ₹105,525 Mil
GF Value™: ₹1,552.96 vs. price of ₹1,174.60 (24.4% below fair value)
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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