Mahanagar GasNSE:MGL -1.97%97 Dividend Yield % is 2.51% as of Jun. 25, 2026, which is 16% above its 10-year median of 2.16. GuruFocus rates NSE:MGL with a GF Score™ of 97/100 and a GF Value™ of ₹1,552.53 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 426 Utilities - Regulated companies, Mahanagar Gas ranks worse than 73.47% on this metric.
As of today (2026-06-25), the Trailing Annual Dividend Yield of Mahanagar Gas is 2.51%.
The historical rank and industry rank for Mahanagar Gas's Dividend Yield % or its related term are showing as below:
NSE:MGL'
s Dividend Yield % Range Over the Past 10 Years
Min: 0.99 Med: 2.16 Max: 3.36
Current: 2.51
During the past 13 years, the highest Dividend Yield of Mahanagar Gas was 3.36%. The lowest was 0.99%. And the median was 2.16%.
NSE:MGL's Dividend Yield % is ranked worse than 73.47% of 426
companies
in the Utilities - Regulated industry
Industry Median: 3.525
vs NSE:MGL: 2.51
During the past 3 years, the average Dividends Per Share Growth Rate was 5.60% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 8.90% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mahanagar Gas was 16.00% per year. The lowest was 3.60% per year. And the median was 8.40% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Mahanagar Gas (NSE:MGL) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
The historical data trend for Mahanagar Gas's Dividend Yield % 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.
NSE:MGL vs ATO, NI, UGI: Dividend Yield % Comparison
For the Utilities - Regulated Gas subindustry, Mahanagar Gas's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Dividend Yield % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Mahanagar Gas's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Mahanagar Gas's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Mahanagar Gas Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
INR 12.000000
2026-02-13
2026-02-13
2026-02-27
Cash Dividend
semi-annually
INR:INR 1.000000
INR 18.000000
2025-08-14
2025-08-14
2025-09-01
Cash Dividend
semi-annually
INR:INR 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Mahanagar Gas's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
30
/
1174.60
=
2.55 %
Current Share Price is ₹1174.60. Mahanagar Gas's Dividends per Share for the trailing twelve months (TTM) ended in Today is ₹30.
Mahanagar Gas's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
24
/
1174.60
=
2.04 %
Current Share Price is ₹1174.60. Mahanagar Gas's Dividends per Share for the forward twelve months is calculated as ₹12 * 2 = ₹24.
* 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 Dividend Yield % of 2.51% as of Jun. 25, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Mahanagar Gas and its competitors. This is 16% above median its historical median of 2.16. Over the past decade, Mahanagar Gas' Dividend Yield % has ranged from 0.99 to 3.36. According to the industry distribution chart, Mahanagar Gas ranks #313 out of 426 companies in the Utilities - Regulated industry, placing it in the top 73.5%.
Is Mahanagar Gas' Dividend Yield % too high?
Mahanagar Gas' current Dividend Yield % of 2.51% is 16% above median its 10-year median of 2.16. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 3.36. The Utilities - Regulated industry median Dividend Yield % is 3.53. Mahanagar Gas' value of 2.51% is 28.8% below this industry median. Based on the distribution chart, Mahanagar Gas ranks #313 out of 426 companies in the Utilities - Regulated industry, which is below 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' Dividend Yield % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Mahanagar Gas ranks #313 out of 426 companies for Dividend Yield %. This places Mahanagar Gas in the lower half of its industry. The industry median Dividend Yield % is 3.53. Mahanagar Gas' value of 2.51% is 28.8% below this benchmark. Historically, Mahanagar Gas' own Dividend Yield % has ranged from 0.99 to 3.36 over the past decade. While the company's 10-year median is 2.16 vs. the industry median of 3.53, 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 Dividend Yield % for an Utilities - Regulated company?
The median Dividend Yield % among Utilities - Regulated companies is 3.53, based on 426 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mahanagar Gas's current Dividend Yield % of 2.51% is 28.8% 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 Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Mahanagar Gas and its competitors. For the Utilities - Regulated industry, the median Dividend Yield % is 3.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahanagar Gas's current Dividend Yield % is 2.51%, which is 16% above median its own 10-year median of 2.16. 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 ₹1,552.53, compared to a current price of ₹1,174.60 — trading 24.3% below its estimated fair value. The current Dividend Yield % is 2.51%, which is 16% above median its 10-year median of 2.16 and 28.8% below the Utilities - Regulated industry median of 3.53. 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 Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Mahanagar Gas (NSE:MGL), the current Dividend Yield % is 2.51% as of Jun. 25, 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 24.3% below its estimated GF Value™ of ₹1,552.53.
GuruFocus considers Mahanagar Gas to be Modestly Undervalued.
Key valuation signals for NSE:MGL:
Dividend Yield %: 2.51% (16% above median its 10-year median of 2.16)
GF Value™: ₹1,552.53 vs. price of ₹1,174.60 (24.3% below fair value)
Industry Position: 28.8% below the Utilities - Regulated median (#313 of 426)
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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