Gujarat Gas Ltd vs Mahanagar Gas Ltd Stock Comparison

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Last Updated on: Mar 23, 2026

Key Highlights

The Latest Trading Price of Gujarat Gas Ltd is ₹ 335.65 as of 23 Mar 15:30 . The P/E Ratio of Gujarat Gas Ltd changed from 20.7 on March 2023 to 26.9 on March 2022 . This represents a CAGR of 5.38% 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 Gujarat Gas Ltd changed from ₹ 31645 crore on March 2023 to ₹ 34601 crore on March 2022 . This represents a CAGR of 1.80% 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 Gujarat Gas Ltd for the Dec '25 is ₹ 3714 crore as compare to the Sep '25 revenue of ₹ 3852 crore. This represent the decline of -3.58% 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 Gujarat Gas Ltd for the Dec '25 is ₹ 503.18 crore as compare to the Sep '25 ebitda of ₹ 519.15 crore. This represent the decline of -3.08% 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 Gujarat Gas Ltd changed from ₹ 330.71 crore to ₹ 266.84 crore over 7 quarters. This represents a CAGR of -11.54% 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 Gujarat Gas Ltd changed from 10.86 % on March 2021 to 34.98 % on March 2025 . This represents a CAGR of 26.36% 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 Gujarat Gas Ltd

Gujarat Gas Limited was erstwhile incorporated as 'GSPC Distribution Networks Limited' on December 21, 2012.
The name of the Company was then changed to Gujarat Gas Limited on 21 February 2012 and is presently engaged in Natural Gas Business in India. Gujarat Gas Limited is India's largest city gas distribution player with presence spread across 44 districts in the State of Gujarat and Union Territory of Dadra Nagar Haveli and Thane GA which includes Palghar district of Maharashtra.
The company has around 39,370 km of natural gas pipeline network.
It has 808 CNG stations with over 21 lakhs households and over 4390 industrial customers. In October 2012, Gujarat State Petroleum Corporation (GSPC) announced that it had signed definitive agreement for acquiring 65.12% equity stake in Gujarat Gas Company Limited (GGCL) from London-based British Gas Group through Gujarat Gas Limited (GGL).

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 Gujarat Gas Ltd and Mahanagar Gas Ltd

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

Market cap of Gujarat Gas Ltd is 24,410 Cr while Market cap of Mahanagar Gas Ltd is 9,563 Cr

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

The stock performance of Gujarat 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 Gujarat Gas Ltd and Mahanagar Gas Ltd?

As of March 23, 2026, the Gujarat Gas Ltd stock price is INR ₹354.6. On the other hand, Mahanagar Gas Ltd stock price is INR ₹968.2.

How do dividend payouts of Gujarat Gas Ltd and Mahanagar Gas Ltd compare?

To compare the dividend payouts of Gujarat 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.