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Mahanagar GasNSE:MGL -1.14%99 5-Year Yield-on-Cost % is 4.18 as of Jul. 19, 2026, which is 26% above its 10-year median of 3.31. GuruFocus rates NSE:MGL with a GF Score™ of 99/100 and a GF Value™ of ₹1,573.35 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 437 Utilities - Regulated companies, Mahanagar Gas ranks worse than 50.57% on this metric.
Mahanagar Gas's yield on cost for the quarter that ended in Mar. 2026 was 4.18.
The historical rank and industry rank for Mahanagar Gas's 5-Year Yield-on-Cost % or its related term are showing as below:
NSE:MGL'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.52 Med: 3.31 Max: 5.15
Current: 4.18
During the past 13 years, Mahanagar Gas's highest Yield on Cost was 5.15. The lowest was 1.52. And the median was 3.31.
NSE:MGL's 5-Year Yield-on-Cost % is ranked worse than 50.57% of 437
companies
in the Utilities - Regulated industry
Industry Median: 4.19
vs NSE:MGL: 4.18
Mahanagar Gas (NSE:MGL) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Mahanagar Gas 5-Year Yield-on-Cost % Related Terms
NSE:MGL vs ATO, NI, UGI: 5-Year Yield-on-Cost % Comparison
For the Utilities - Regulated Gas subindustry, Mahanagar Gas's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Mahanagar Gas's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Mahanagar Gas's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of Mahanagar Gas is calculated as
Mahanagar Gas (NSE:MGL) has a 5-Year Yield-on-Cost % of 4.18 as of Jul. 19, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Mahanagar Gas and its competitors. This is 26% above median its historical median of 3.31. Over the past decade, Mahanagar Gas' 5-Year Yield-on-Cost % has ranged from 1.52 to 5.15. According to the industry distribution chart, Mahanagar Gas ranks #221 out of 437 companies in the Utilities - Regulated industry, placing it in the top 50.6%.
Is Mahanagar Gas' 5-Year Yield-on-Cost % too high?
Mahanagar Gas' current 5-Year Yield-on-Cost % of 4.18 is 26% above median its 10-year median of 3.31. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 5.15. The Utilities - Regulated industry median 5-Year Yield-on-Cost % is 4.19. Mahanagar Gas' value of 4.18 is 0.2% below this industry median. Based on the distribution chart, Mahanagar Gas ranks #221 out of 437 companies in the Utilities - Regulated industry, which is below the industry midpoint. 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' 5-Year Yield-on-Cost % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Mahanagar Gas ranks #221 out of 437 companies for 5-Year Yield-on-Cost %. This places Mahanagar Gas in the lower half of its industry. The industry median 5-Year Yield-on-Cost % is 4.19. Mahanagar Gas' value of 4.18 is 0.2% below this benchmark. Historically, Mahanagar Gas' own 5-Year Yield-on-Cost % has ranged from 1.52 to 5.15 over the past decade. While the company's 10-year median is 3.31 vs. the industry median of 4.19, Mahanagar Gas has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year Yield-on-Cost % for an Utilities - Regulated company?
The median 5-Year Yield-on-Cost % among Utilities - Regulated companies is 4.19, based on 437 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mahanagar Gas's current 5-Year Yield-on-Cost % of 4.18 is 0.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Mahanagar Gas and its competitors. For the Utilities - Regulated industry, the median 5-Year Yield-on-Cost % is 4.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahanagar Gas's current 5-Year Yield-on-Cost % is 4.18, which is 26% above median its own 10-year median of 3.31. 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 ₹1,573.35, compared to a current price of ₹1,100.40 — trading 30.1% below its estimated fair value. The current 5-Year Yield-on-Cost % is 4.18, which is 26% above median its 10-year median of 3.31 and 0.2% below the Utilities - Regulated industry median of 4.19. 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 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Mahanagar Gas (NSE:MGL), the current 5-Year Yield-on-Cost % is 4.18 as of Jul. 19, 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 ₹1,100.40 is trading 30.1% below its estimated GF Value™ of ₹1,573.35.
GuruFocus considers Mahanagar Gas to be Significantly Undervalued.
Key valuation signals for NSE:MGL:
5-Year Yield-on-Cost %: 4.18 (26% above median its 10-year median of 3.31)
GF Value™: ₹1,573.35 vs. price of ₹1,100.40 (30.1% below fair value)
Industry Position: 0.2% below the Utilities - Regulated median (#221 of 437)
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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