Mahanagar Gas (NSE:MGL) Total Inventories: ₹626 Mil (As of Mar. 2026)


NSE:MGL Mahanagar Gas Ltd NSE:MGL
97 GF Score
Price ₹1,174.60
GF Value ₹1,552.96
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Mahanagar Gas Total Inventories?

Mahanagar Gas NSE:MGL -1.79% 97 Total Inventories is ₹626 Mil as of Mar. 2026. 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.

Mahanagar Gas's total inventories for the quarter that ended in Mar. 2026 was ₹626 Mil. Mahanagar Gas's average total inventories from the quarter that ended in Dec. 2025 to the quarter that ended in Mar. 2026 was ₹313 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mahanagar Gas's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was ₹-90.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mahanagar Gas's Days Inventory for the three months ended in Mar. 2026 was 1.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mahanagar Gas's Inventory Turnover for the quarter that ended in Mar. 2026 was 47.35.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Mahanagar Gas's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.02.


Mahanagar Gas  (NSE:MGL) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Mahanagar Gas's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 is

Net-Net Working Capital Per Share (Q: Mar. 2026 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(12868.9+0.75 * 4586.5+0.5 * 625.8-25395.3
-0-139.8)/98.778
=-90.24

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Mahanagar Gas's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=312.9/14817.3*365 / 4
=1.93

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2026 ) / Average Total Inventories (Q: Mar. 2026 )
=14817.3 / 312.9
=47.35

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Mahanagar Gas's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=312.9 / 20520.5
=0.02

* 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.


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Mahanagar Gas Total Inventories Related Terms


Mahanagar Gas Total Inventories Historical Data

* Premium members only.

The historical data trend for Mahanagar Gas's Total Inventories 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.

Mahanagar Gas Total Inventories Chart

Mahanagar Gas Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 274.90 338.40 420.70 523.10 625.80

Mahanagar Gas Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 523.10 0.00 607.30 0.00 625.80
NSE:MGL
97GF Score
Mahanagar Gas Ltd NSE:MGL
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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Mahanagar Gas Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of ₹626 Mil mean?
Mahanagar Gas (NSE:MGL) has a Total Inventories of ₹626 Mil as of Mar. 2026. The total amount of inventory as recorded on a company's balance sheet. View historical data for Mahanagar Gas and its competitors.
Is Mahanagar Gas' Total Inventories too high?
Mahanagar Gas' current Total Inventories is ₹626 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' Total Inventories compare to ATO and NI?
Mahanagar Gas' Total Inventories of ₹626 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 Total Inventories for an Utilities - Regulated company?
A good Total Inventories depends on the Utilities - Regulated industry context. However, Total Inventories 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 Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Mahanagar Gas and its competitors. Mahanagar Gas's current Total Inventories is ₹626 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 Total Inventories is ₹626 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 Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Mahanagar Gas (NSE:MGL), the current Total Inventories is ₹626 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 ₹1,174.60 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:

  • Total Inventories: ₹626 Mil
  • GF Value™: ₹1,552.96 vs. price of ₹1,174.60 (24.4% below fair value)
  • GF Score™: 97/100 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

Other Exchanges 539957:India
Address Block No. G-33, Bandra-Kurla Complex, MGL House, Bandra (East), Mumbai, MH, IND, 400051
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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Total Inventories is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,174.60
Price
₹1,552.96
GF Value