Adani Total Gas Ltd vs Mahanagar Gas Ltd Stock Comparison

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Last Updated on: Mar 22, 2026

Key Highlights

The Latest Trading Price of Adani Total Gas Ltd is ₹ 551.55 as of 20 Mar 15:30 . The P/E Ratio of Adani Total Gas Ltd changed from 174.5 on March 2023 to 464.1 on March 2022 . This represents a CAGR of 21.61% over 5 yearsThe P/E Ratio of Mahanagar Gas Ltd changed from 12.3 on March 2023 to 0 on March 2022 . This represents a CAGR of -100.00% over 5 years The Market Cap of Adani Total Gas Ltd changed from ₹ 95375 crore on March 2023 to ₹ 236321 crore on March 2022 . This represents a CAGR of 19.90% over 5 yearsThe Market Cap of Mahanagar Gas Ltd changed from ₹ 9723 crore on March 2023 to ₹ 0 crore on March 2022 . This represents a CAGR of -100.00% over 5 years The revenue of Adani Total Gas Ltd for the Dec '25 is ₹ 1519 crore as compare to the Sep '25 revenue of ₹ 1462 crore. This represent the growth of 3.85% The revenue of Mahanagar Gas Ltd for the Dec '25 is ₹ 2089 crore as compare to the Sep '25 revenue of ₹ 2079 crore. This represent the growth of 0.5% The ebitda of Adani Total Gas Ltd for the Dec '25 is ₹ 316.82 crore as compare to the Sep '25 ebitda of ₹ 306.93 crore. This represent the growth of 3.22% The ebitda of Mahanagar Gas Ltd for the Dec '25 is ₹ 380.91 crore as compare to the Sep '25 ebitda of ₹ 365.01 crore. This represent the growth of 4.36% The net profit of Adani Total Gas Ltd changed from ₹ 171.84 crore to ₹ 158.65 crore over 7 quarters. This represents a CAGR of -4.46% The net profit of Mahanagar Gas Ltd changed from ₹ 288.77 crore to ₹ 201.1 crore over 7 quarters. This represents a CAGR of -18.68% The Dividend Payout of Adani Total Gas Ltd changed from 5.83 % on March 2021 to 4.24 % on March 2025 . This represents a CAGR of -6.17% over 5 yearsThe Dividend Payout of Mahanagar Gas Ltd changed from 36.67 % on March 2021 to 28.36 % on March 2025 . This represents a CAGR of -5.01% over 5 years .

About Adani Total Gas Ltd

Adani Total Gas Limited (ATGL) was originally incorporated as 'Adani Gas Limited' on August 5, 2005 in Navrangpura, Ahmedabad.
The Company changed the name from Adani Gas Limited to 'Adani Total Gas Limited' on 1 January, 2021.
The Company is engaged in the business of City Gas Distribution (CGD), supplying PNG to Industrial, Commercial, and Residential segments and CNG to the Automotive segment.
ATGL holds a 50% stake in the JV, Indian Oil - Adani Gas Private Limited (IOAGPL), which is also a CGD entity with a presence in another 34 geographical areas (GAs).
ATGL is operating 647 CNG stations across its GAs.

About Mahanagar Gas Ltd

Mahanagar Gas Limited (MGL) is one of the largest city gas distribution (CGD) companies in India.
MGL is the sole authorized distributor of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Mumbai, Thane urban and adjoining municipalities and the Raigad district in State of Maharashtra, India.
The Company distributes CNG for use in motor vehicles and PNG for domestic household as well as for commercial and industrial use.
MGL distributes natural gas through an extensive CGD network of pipelines. Mahanagar Gas Limited (MGL) was incorporated in 1995, as a joint venture between the Gas Authority of India Limited (GAIL), the BG Group UK (formerly British Gas), and the Government of Maharashtra. During the year 2002-2003, the company expanded the Compressed Natural Gas (CNG) distribution network across the city of Mumbai and in the same year, the company set up additional 45 CNG outlets.

FAQs for the comparison of Adani Total Gas Ltd and Mahanagar Gas Ltd

Which company has a larger market capitalization, Adani Total Gas Ltd or Mahanagar Gas Ltd?

Market cap of Adani Total Gas Ltd is 60,660 Cr while Market cap of Mahanagar Gas Ltd is 9,563 Cr

What are the key factors driving the stock performance of Adani Total Gas Ltd and Mahanagar Gas Ltd?

The stock performance of Adani Total Gas Ltd and Mahanagar Gas Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for Adani Total Gas Ltd and Mahanagar Gas Ltd?

As of March 22, 2026, the Adani Total Gas Ltd stock price is INR ₹551.55. On the other hand, Mahanagar Gas Ltd stock price is INR ₹968.2.

How do dividend payouts of Adani Total Gas Ltd and Mahanagar Gas Ltd compare?

To compare the dividend payouts of Adani Total Gas Ltd and Mahanagar Gas Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.