Mahanagar Gas Ltd MGL.NS
₹1,096.60 ₹29.60 (2.77%) 1D
Last Updated: Sep 04, 12:00 AM·NSE
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MGL.NS Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Mahanagar Gas Ltd is classified as halal.
HALAL
Report Source: undefined Quarter Report
Mahanagar Gas Ltd. Stock Analysis MGL.NS
India Utilities Small Cap Mahanagar Gas Ltd. engages in the sale and distribution of natural gas. 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.
Mahanagar Gas Ltd (MGL.NS) Chart
Financial Metrics & Statements of Mahanagar Gas Ltd (MGL.NS)
FAQ's for Mahanagar Gas Ltd (MGL.NS)
- As of September 2026, Mahanagar Gas Ltd MGL.NS is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Mahanagar Gas Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Mahanagar Gas Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Mahanagar Gas Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Mahanagar Gas Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Mahanagar Gas Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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.
