Mahanagar Gas vs Indraprastha Gas: Share Price, PE and ROE Compared
- August 13, 2026
- Posted by: Lakshit Sharma
- Category: Market
Mahanagar Gas MCap Rs 11,052 Cr, PE 15.47x, ROE 17.22%, Div 2.68%. Indraprastha Gas MCap Rs 21,623 Cr, PE 14.00x, ROE 15.74%, Div 1.22%.
Quick Answer
Mahanagar Gas (MGL) and Indraprastha Gas (IGL) are both city gas distribution companies in India. IGL at Rs 21,623 Cr is larger and serves Delhi. MGL at Rs 11,052 Cr serves Mumbai. Both trade at low PEs around 14-15x with healthy ROEs. MGL offers a higher dividend yield of 2.68% versus IGL’s 1.22%. The Mahanagar Gas vs IGL comparison is popular among utility income investors.
The Mahanagar Gas vs Indraprastha Gas question comes up often among investors who follow the City gas distribution space in India. Mahanagar Gas MCap Rs 11,052 Cr, PE 15. 47x, ROE 17. This article goes through what each company does, their latest financial performance, and the key numbers that matter for anyone evaluating Mahanagar Gas vs Indraprastha Gas as a research exercise.
All data cited here is sourced from publicly available company filings. Verify the latest prices and fundamentals on NSE or BSE before acting on any information.
Mahanagar Gas vs Indraprastha Gas: Company Overview and Market Presence
Mahanagar Gas operates in the City gas distribution segment and is listed on Indian exchanges. Mahanagar Gas MCap Rs 11,052 Cr, PE 15 The company has built its market position over the years through its core offerings to customers across India.
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Indraprastha Gas is the other side of this Mahanagar Gas vs Indraprastha Gas comparison. 47x, ROE 17 It competes in the same City gas distribution space, though its scale and strategy may differ significantly from Mahanagar Gas’s approach.
When investors look at the Mahanagar Gas vs Indraprastha Gas pair, market capitalisation is usually the first filter. Mahanagar Gas MCap Rs 11,052 Cr, PE 15. 47x, ROE 17. The size difference, if any, tells you something about liquidity and institutional ownership patterns.
Mahanagar Gas vs Indraprastha Gas: Business Mix and Revenue Sources
To understand the Mahanagar Gas vs Indraprastha Gas comparison fully, you need to look at how each company makes money. Mahanagar Gas’s revenue comes from its core City gas distribution operations. Mahanagar Gas earns from the City gas distribution segment.
Indraprastha Gas similarly derives its earnings from the City gas distribution space. Indraprastha Gas operates in the City gas distribution space. The product or service mix of the two companies can be similar or quite different depending on which subsegments each one serves.
Mahanagar Gas vs Indraprastha Gas: Financial Results and Key Ratios
This is where the Mahanagar Gas vs Indraprastha Gas comparison gets concrete. Return on equity, price-to-earnings ratio and market capitalisation are three metrics that help frame the relative position of each stock.
Mahanagar Gas MCap Rs 11,052 Cr, PE 15 The profitability and efficiency ratios here reflect the latest available data from public filings.
47x, ROE 17 Both sets of numbers should be cross-checked against the latest quarterly reports from BSE or NSE before drawing any conclusions.
Compare Mahanagar Gas and Indraprastha Gas on the Univest Screener
Mahanagar Gas vs Indraprastha Gas: Valuation and What the Market Is Pricing In
Valuation is a core part of any Mahanagar Gas vs Indraprastha Gas analysis. A high PE ratio can signal growth expectations or thin earnings. A low PE may indicate value or a business under stress. Neither is automatically good or bad without context.
Mahanagar Gas MCap Rs 11,052 Cr, PE 15.47x, ROE 17.22%, Div 2.68%. Indraprastha Gas MCap Rs 21,623 Cr, PE 14.00x, ROE 15.74%, Div 1.22%. The Mahanagar Gas vs Indraprastha Gas stock data above reflects figures sourced from publicly available data. Prices change daily, so treat this as a starting point for your own research rather than a definitive trading signal.
Dividend yield is another data point worth checking in the Mahanagar Gas vs Indraprastha Gas pair. Some investors prioritise income alongside capital appreciation, and a consistent dividend track record can be a sign of earnings quality and management confidence in the cash flow.
Mahanagar Gas vs Indraprastha Gas: Side-by-Side Comparison
The table below captures the most relevant metrics side by side for the Mahanagar Gas vs Indraprastha Gas comparison.
| Parameter | Mahanagar Gas | Indraprastha Gas |
|---|---|---|
| MCap | Rs 11,052 Cr | Rs 21,623 Cr |
| PE | 15.47x | 14.00x |
| ROE | 17.22% | 15.74% |
| Div | 2.68% | 1.22% |
What Should Investors Know About the Mahanagar Gas vs Indraprastha Gas Choice
Every Mahanagar Gas vs Indraprastha Gas research exercise should go beyond just looking at the current share price. The sector outlook for City gas distribution companies, the trajectory of earnings growth, debt levels and management quality all feed into a complete picture.
For the Mahanagar Gas vs Indraprastha Gas pair specifically: Mahanagar Gas MCap Rs 11,052 Cr, PE 15. 47x, ROE 17. These numbers are a starting point. Investors should also look at the trend over four to eight quarters rather than just the latest standalone figure, since one strong quarter does not always reflect the underlying business quality.
If you are building a portfolio allocation decision around the Mahanagar Gas vs Indraprastha Gas comparison, consider the risk profile of your overall portfolio first. Both companies operate in City gas distribution, which carries its own sector-specific risks including regulatory changes, commodity cost pressure, competitive intensity and macroeconomic sensitivity.
Conclusion
The Mahanagar Gas vs Indraprastha Gas comparison comes down to this: Mahanagar Gas and Indraprastha Gas are both listed Indian companies in the City gas distribution space, but they differ in scale, valuation, and financial profile. Mahanagar Gas MCap Rs 11,052 Cr, PE 15. 47x, ROE 17.
Mahanagar Gas MCap Rs 11,052 Cr, PE 15.47x, ROE 17.22%, Div 2.68%. Indraprastha Gas MCap Rs 21,623 Cr, PE 14.00x, ROE 15.74%, Div 1.22%. Before taking any position in either stock, verify the latest fundamentals on NSE or BSE and consult a SEBI-registered investment advisor (registration number INH000013776).
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Disclaimer: Data and figures in this article are sourced from publicly available information and may not be fully accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice from Univest (SEBI RA INH000013776).
Frequently Asked Questions
What does Mahanagar Gas do?
Ans. Mahanagar Gas is a listed Indian company in the City gas distribution segment. Visit univest.in for live data.
What does Indraprastha Gas do?
Ans. Indraprastha Gas is a listed Indian company in the City gas distribution segment. Visit univest.in for live data.
Which is larger in the Mahanagar Gas vs Indraprastha Gas comparison?
Ans. Based on current data: Mahanagar Gas MCap Rs 11,052 Cr, PE 15. Verify from NSE or BSE.
How do PE ratios compare in Mahanagar Gas vs Indraprastha Gas?
Ans. The PE ratio comparison is in the data table above. Verify from NSE or BSE before investing.
What is the ROE of Mahanagar Gas?
Ans. The ROE of Mahanagar Gas is listed in the comparison table above. Verify from the latest quarterly filings.
Does Indraprastha Gas pay dividends?
Ans. Dividend yield information for Indraprastha Gas is in the comparison above. Verify from NSE or BSE.
How should I evaluate City gas distribution stocks?
Ans. For City gas distribution stocks, review earnings quality, ROE trends, debt levels and sector outlook. Consult a SEBI-registered advisor (INH000013776) before investing.