Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Mahanagar Gas's share price for the quarter that ended in Mar. 2026 was ₹927.7. Mahanagar Gas's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 99 Mil. Therefore, Mahanagar Gas's market cap for the quarter that ended in Mar. 2026 was ₹91,636 Mil.
Mahanagar Gas's quarterly market cap
declined
from Sep. 2025 (₹127,927 Mil) to Dec. 2025 (₹112,222 Mil) and
declined
from Dec. 2025 (₹112,222 Mil) to Mar. 2026 (₹91,636 Mil).
Mahanagar Gas's annual market cap
increased
from Mar. 2024 (₹134,738 Mil) to Mar. 2025 (₹137,000 Mil) but then
declined
from Mar. 2025 (₹137,000 Mil) to Mar. 2026 (₹91,636 Mil).
Enterprise Value is 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 and cash equivalents. Mahanagar Gas's Enterprise Value for Today is ₹105,525 Mil.
Mahanagar Gas (NSE:MGL) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Mahanagar Gas Market Cap Related Terms
Mahanagar Gas Market Cap Historical Data
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The historical data trend for Mahanagar Gas's Market Cap 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.
For the Utilities - Regulated Gas subindustry, Mahanagar Gas's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Mahanagar Gas's Market Cap distribution charts can be found below:
* The bar in red indicates where Mahanagar Gas's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Mahanagar Gas's Market Cap 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 Market Cap of ₹116,024 Mil as of Jun. 28, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Mahanagar Gas and its competitors. According to the industry distribution chart, Mahanagar Gas ranks #229 out of 515 companies in the Utilities - Regulated industry, placing it in the top 44.5%.
Is Mahanagar Gas' Market Cap too high?
Mahanagar Gas' current Market Cap is ₹116,024 Mil. Based on the distribution chart, Mahanagar Gas ranks #229 out of 515 companies in the Utilities - Regulated industry, which is above 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' Market Cap compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Mahanagar Gas ranks #229 out of 515 companies for Market Cap. This puts Mahanagar Gas in the upper half of its industry. The industry median Market Cap is 897.97. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Utilities - Regulated company?
The median Market Cap among Utilities - Regulated companies is 897.97, based on 515 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Mahanagar Gas and its competitors. For the Utilities - Regulated industry, the median Market Cap is 897.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahanagar Gas's current Market Cap is ₹116,024 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 Market Cap is ₹116,024 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Mahanagar Gas (NSE:MGL), the current Market Cap is ₹116,024 Mil as of Jun. 28, 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:
Market Cap: ₹116,024 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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