Mahanagar Gas Limited

NSE MGL.NS

Mahanagar Gas Limited Return on Equity (ROE) for the year ending March 31, 2024: 24.88%

Mahanagar Gas Limited Return on Equity (ROE) is 24.88% for the year ending March 31, 2024, a 30.19% change year over year. Return on equity measures profit against shareholder equity; higher ROE indicates superior profitability and value creation.
  • Mahanagar Gas Limited Return on Equity (ROE) for the year ending March 31, 2023 was 19.11%, a 15.16% change year over year.
  • Mahanagar Gas Limited Return on Equity (ROE) for the year ending March 31, 2022 was 16.59%, a -13.43% change year over year.
  • Mahanagar Gas Limited Return on Equity (ROE) for the year ending March 31, 2021 was 19.17%, a -28.68% change year over year.
  • Mahanagar Gas Limited Return on Equity (ROE) for the year ending March 31, 2020 was 26.87%, a 17.99% change year over year.
Key data
Date Return on Equity (ROE) Return on Capital Employed (ROCE) Interest Coverage Ratio Debt to Equity Ratio
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SV Wall Street
NSE: MGL.NS

Mahanagar Gas Limited

CEO Mr. Rajesh D. Patel
IPO Date July 1, 2016
Location India
Headquarters MGL House
Employees 532
Sector Utilities
Industries
Description

Mahanagar Gas Limited operates as a natural gas distribution company in India. The company provides domestic piped natural gas (PNG), commercial PNG, industrial PNG, and compressed natural gas (CNG), as well as manufactures gas geysers. It operates 290 CNG filing stations that provides gas to approximately 8.5 lakh vehicles with 1,738 dispensing points; 550 km of steel pipeline and approximately 5,670 km of MDPE pipeline; and 4,339 commercial and industrial customers. The company's PNG is used for various applications, such as cooking and water heating, as well as in hospitals, nursing homes, hotels, flight kitchens, restaurants, places of worship, etc. Mahanagar Gas Limited was incorporated in 1995 and is based in Mumbai, India.

StockViz Staff

February 3, 2025

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