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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Mahanagar Gas's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₹0 Mil. Mahanagar Gas's Total Assets for the quarter that ended in Jun. 2026 was ₹0 Mil.
The historical rank and industry rank for Mahanagar Gas's Equity-to-Asset or its related term are showing as below:
NSE:MGL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.66 Med: 0.7 Max: 0.72
Current: 0.72
During the past 13 years, the highest Equity to Asset Ratio of Mahanagar Gas was 0.72. The lowest was 0.66. And the median was 0.70.
NSE:MGL's Equity-to-Asset is ranked better than 88.61% of 509
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs NSE:MGL: 0.72
Mahanagar Gas (NSE:MGL) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Mahanagar Gas Equity-to-Asset Related Terms
Mahanagar Gas Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Mahanagar Gas's Equity-to-Asset 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: Equity-to-Asset Comparison
For the Utilities - Regulated Gas subindustry, Mahanagar Gas's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Mahanagar Gas's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Mahanagar Gas's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Mahanagar Gas's Equity to Asset Ratio 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 Equity-to-Asset of 0.00 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Mahanagar Gas and its competitors. Over the past decade, Mahanagar Gas' Equity-to-Asset has ranged from 0.66 to 0.72. According to the industry distribution chart, Mahanagar Gas ranks #58 out of 509 companies in the Utilities - Regulated industry, placing it in the top 11.4%.
Is Mahanagar Gas' Equity-to-Asset too high?
Mahanagar Gas' current Equity-to-Asset is 0.00. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 0.72. Based on the distribution chart, Mahanagar Gas ranks #58 out of 509 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Mahanagar Gas has a GF Score™ of 99/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mahanagar Gas' Equity-to-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Mahanagar Gas ranks #58 out of 509 companies for Equity-to-Asset. This places Mahanagar Gas in the top 11% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.36. Historically, Mahanagar Gas' own Equity-to-Asset has ranged from 0.66 to 0.72 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Utilities - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 509 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Mahanagar Gas and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahanagar Gas's current Equity-to-Asset is 0.00. 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 Significantly Undervalued. The stock's GF Value™ is ₹1,602.96, compared to a current price of ₹1,092.60 — trading 31.8% below its estimated fair value. The current Equity-to-Asset is 0.00. Mahanagar Gas' overall GF Score™ is 99/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Mahanagar Gas (NSE:MGL), the current Equity-to-Asset is 0.00 as of Jun. 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 ₹1,092.60 is trading 31.8% below its estimated GF Value™ of ₹1,602.96.
GuruFocus considers Mahanagar Gas to be Significantly Undervalued.
Key valuation signals for NSE:MGL:
Equity-to-Asset: 0.00
GF Value™: ₹1,602.96 vs. price of ₹1,092.60 (31.8% 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.
99GF Score
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