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.
P/E ratio for Mahanagar Gas Limited (MGL.NS)
P/E ratio as of 2023: 10.72
According to Mahanagar Gas Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.72. At the end of 2022 the company had a P/E ratio of 12.30.
P/E ratio history for Mahanagar Gas Limited from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio |
|---|---|
| 2023 | 10.72 |
| 2022 | 12.30 |
| 2021 | 12.89 |
| 2020 | 18.64 |
| 2019 | 10.19 |
| 2018 | 18.57 |
| 2017 | 20.63 |
| 2016 | 22.48 |
| 2015 | 16.65 |
| 2014 | 17.07 |
| 2013 | 17.29 |
| 2012 | 17.22 |
| 2011 | 16.70 |