Mahanagar Gas (NSE:MGL) Tax Rate %: 26.48% (As of Mar. 2026)

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NSE:MGL Mahanagar Gas Ltd NSE:MGL
98 GF Score
Price ₹1,081.90
GF Value ₹1,575.44
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Mahanagar Gas Tax Rate %?

Mahanagar Gas NSE:MGL +0.05% 98 Tax Rate % is 26.48% as of Mar. 2026. GuruFocus rates NSE:MGL with a GF Score™ of 98/100 and a GF Value™ of ₹1,575.44 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mahanagar Gas's Tax Expense for the three months ended in Mar. 2026 was ₹467 Mil. Mahanagar Gas's Pre-Tax Income for the three months ended in Mar. 2026 was ₹1,763 Mil. Therefore, Mahanagar Gas's Tax Rate % for the quarter that ended in Mar. 2026 was 26.48%.

Mahanagar Gas Tax Rate % Related Terms

Mahanagar Gas Tax Rate % Historical Data

* Premium members only.

The historical data trend for Mahanagar Gas's Tax Rate % 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 Tax Rate % Chart

Mahanagar Gas Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.96 25.15 25.66 24.05 25.92

Mahanagar Gas Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % 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 28.32 26.33 25.27 25.78 26.48
NSE:MGL
98GF Score
Mahanagar Gas Ltd NSE:MGL
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Mahanagar Gas Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Mahanagar Gas's Tax Rate % for the fiscal year that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (A: Mar. 2026 )/Pre-Tax Income (A: Mar. 2026 )
=2940.4/11345.9
=25.92 %

Mahanagar Gas's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=467/1763.3
=26.48 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 26.48% mean?
Mahanagar Gas (NSE:MGL) has a Tax Rate % of 26.48% as of Mar. 2026.
Is Mahanagar Gas' Tax Rate % too high?
Mahanagar Gas' current Tax Rate % is 26.48%. Overall, Mahanagar Gas has a GF Score™ of 98/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mahanagar Gas' Tax Rate % compare to ATO and NI?
Mahanagar Gas' Tax Rate % of 26.48% 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 Tax Rate % for an Utilities - Regulated company?
A good Tax Rate % depends on the Utilities - Regulated industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Mahanagar Gas's current Tax Rate % is 26.48%. 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 ₹1,575.44, compared to a current price of ₹1,081.90 — trading 31.3% below its estimated fair value. The current Tax Rate % is 26.48%. 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 Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Mahanagar Gas (NSE:MGL), the current Tax Rate % is 26.48% 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 ₹1,081.90 is trading 31.3% below its estimated GF Value™ of ₹1,575.44. GuruFocus considers Mahanagar Gas to be Significantly Undervalued.

Key valuation signals for NSE:MGL:

  • Tax Rate %: 26.48%
  • GF Value™: ₹1,575.44 vs. price of ₹1,081.90 (31.3% 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

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.
98GF Score

Get the complete analysis for NSE:MGL

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

₹1,081.90
Price
₹1,575.44
GF Value