Mahanagar Gas (NSE:MGL) Interest Expense: ₹-210 Mil (TTM As of Mar. 2026)

What is Mahanagar Gas Interest Expense?

Mahanagar Gas NSE:MGL -1.29% 98 Interest Expense is ₹-210 Mil as of Mar. 2026. GuruFocus rates NSE:MGL with a GF Score™ of 98/100 and a GF Value™ of ₹1,560.48 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mahanagar Gas's interest expense for the three months ended in Mar. 2026 was ₹ -49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-210 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Mahanagar Gas's Operating Income for the three months ended in Mar. 2026 was ₹ 1,537 Mil. Mahanagar Gas's Interest Expense for the three months ended in Mar. 2026 was ₹ -49 Mil. Mahanagar Gas's Interest Coverage for the quarter that ended in Mar. 2026 was 31.56. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mahanagar Gas (NSE:MGL) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mahanagar Gas's Interest Expense for the three months ended in Mar. 2026 was ₹-49 Mil. Its Operating Income for the three months ended in Mar. 2026 was ₹1,537 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was ₹1,414 Mil.

Mahanagar Gas's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2026 )	/	Interest Expense (Q: Mar. 2026 )
	=	-1	*	1537.1	/	-48.7
	=	31.56

* 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.

The higher the ratio, the stronger the company's financial strength is.

Mahanagar Gas Interest Expense Historical Data

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The historical data trend for Mahanagar Gas's Interest Expense can be seen below:

Mahanagar Gas Interest Expense Chart

Mahanagar Gas Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Interest Expense

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-75.30

-93.90

-133.00

-140.60

-209.60

Mahanagar Gas Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Interest Expense	Get a 7-Day Free Trial															-41.70	-45.70	-51.20	-64.00	-48.70

98GF Score

Mahanagar Gas Ltd NSE:MGL

Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.

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Mahanagar Gas Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense 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 ₹-210 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of ₹-210 Mil mean?

Mahanagar Gas (NSE:MGL) has a Interest Expense of ₹-210 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on Mahanagar Gas and its competitors.

Is Mahanagar Gas' Interest Expense too high?

Mahanagar Gas' current Interest Expense is ₹-210 Mil. Overall, Mahanagar Gas has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Mahanagar Gas' Interest Expense compare to ATO and NI?

Mahanagar Gas' Interest Expense of ₹-210 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 Interest Expense for an Utilities - Regulated company?

A good Interest Expense depends on the Utilities - Regulated industry context. However, Interest Expense 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 Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Mahanagar Gas and its competitors. Mahanagar Gas's current Interest Expense is ₹-210 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 ₹1,560.48, compared to a current price of ₹1,128.60 — trading 27.7% below its estimated fair value. The current Interest Expense is ₹-210 Mil. Mahanagar Gas' overall GF Score™ is 98/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For Mahanagar Gas (NSE:MGL), the current Interest Expense is ₹-210 Mil 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 ₹1,128.60 is trading 27.7% below its estimated GF Value™ of ₹1,560.48. GuruFocus considers Mahanagar Gas to be Modestly Undervalued.

Key valuation signals for NSE:MGL:

Interest Expense: ₹-210 Mil
GF Value™: ₹1,560.48 vs. price of ₹1,128.60 (27.7% below fair value)
GF Score™: 98/100 with 5 warning signs

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 Business Description

Industry Utilities Utilities - Regulated

Comparable Companies BOM:544004 BOM:526873 BOM:539991 BOM:532514 BOM:539336 XMAD:NTGY ATO MIL:SRG NI XTER:UN0 HKSE:00003 TSE:9532 TSE:9531 MIL:IG BOM:532155 ASX:APA BOM:542066 BOG:GEB UGI SHSE:600803

Other Exchanges 539957:India

Address Block No. G-33, Bandra-Kurla Complex, MGL House, Bandra (East), Mumbai, MH, IND, 400051

Website https://www.mahanagargas.com

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.

98GF Score

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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,128.60

Price

₹1,560.48

GF Value

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