MGL.NS Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: December 12, 2025

Report Source: 2026 2nd Quarter Report

Analyst's Ratings for Mahanagar Gas Ltd (MGL.NS)

Based on 33 analysts giving stock ratings to Mahanagar Gas Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy
Strong Buy
37
Buy
33
Hold
15
Sell
6
Strong Sell
9
Mahanagar Gas Ltd

Mahanagar Gas Ltd. Stock Analysis MGL.NS

India Utilities Small Cap Report:
Mahanagar Gas Ltd. engages in the sale and distribution of natural gas. The company is headquartered in Mumbai, Maharashtra and currently employs 579 full-time employees. The company went IPO on 2016-07-01. The firm is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane and Raigad districts of Maharashtra. The company operates through the selling of the natural gas segment. The company offers PNG for domestic, commercial and industrial purposes. Its domestic PNG is used for various purposes, like cooking and water heating. The company is also used by hospitals, nursing homes, hotels, flight kitchens, restaurants, places of worship and others. The company offers PNG for various industries, including metal, pharmaceuticals, food and beverages, printing and dyeing, oil mills, power generation and air conditioning. The company supplies CNG to Brihanmumbai Electricity Supply and Transport/Thane Municipal Transport/Maharashtra State Road Transport Corporation/Navi Mumbai Municipal Transport (BEST/TMT/MSRTC/NMMT) buses, light commercial vehicles (LCVs)/ tempos/ trucks/private buses. The company also installs gas geysers.
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Mahanagar Gas Ltd (MGL.NS) Chart

Mahanagar Gas Ltd (MGL.NS) vs Nifty 50 Comparative Returns

Analysis of Mahanagar Gas Ltd (MGL.NS) stock performance compared to the broader market (Nifty 50) across multiple timeframes.

YTD Performance
  • Mahanagar Gas L... (MGL...) 1.51%
  • Nifty 50 -2.73%
Mahanagar Gas Ltd Outperformed Nifty 50 by 4.24%
1Y Performance
  • Mahanagar Gas L... (MGL...) -11.42%
  • Nifty 50 9.8%
Mahanagar Gas Ltd Underperformed Nifty 50 by 21.22%
3Y Performance
  • Mahanagar Gas L... (MGL...) 29.14%
  • Nifty 50 44.11%
Mahanagar Gas Ltd Underperformed Nifty 50 by 14.97%
5Y Performance
  • Mahanagar Gas L... (MGL...) 1.12%
  • Nifty 50 86.54%
Mahanagar Gas Ltd Underperformed Nifty 50 by 85.42%

Financial Metrics & Statements of Mahanagar Gas Ltd (MGL.NS)

Community-Curated Collections with Mahanagar Gas Ltd (MGL.NS) ( With MGL.NS )

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Community-Curated Collections are thoughtfully selected groups of stocks or assets, curated by investors and experts based on shared themes, values, or investment strategies.

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FAQ's for Mahanagar Gas Ltd (MGL.NS)

Halal stocks refer to shares of companies that comply with Islamic finance principles, meaning they do not engage in businesses related to alcohol, gambling, pork, or interest-based financial services.

Related Halal Stocks to Mahanagar Gas Ltd (MGL.NS)

Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.

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India Power Corporation Ltd

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