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Mahanagar Gas P/B Ratio

Current P/B Ratio
1.61
Moderate Valuation
Moderate - Reasonably valued relative to book value

Mahanagar Gas (MGL) P/B ratio is 1.61 (Moderate), book value per share ₹650.71 vs Oil & Gas average P/B of 4.11 — Moderate - Reasonably valued relative to book value. For live price, earnings yield and the full fundamental profile, see Mahanagar Gas share price today.

Current Valuation Metrics

P/B Ratio 1.61
Current Price ₹1045.40
Book Value/Share ₹650.71
Exchange NSE

Book Value Breakdown (2026)

Balance Sheet Components
Total Equity ₹6,442 Cr
Share Capital ₹99 Cr
Reserves & Surplus ₹6,329 Cr
Outstanding Shares 99,000,000
Book Value per Share ₹650.71

Valuation Signal

Signal Fairly Valued
Historical Avg 2.21
Historical Range 1.61 - 2.87
Percentile 0.0%

Sector Context

Sector Average 4.11
Sector Median 1.92
Sector Rank #10 of 29
Sector Percentile 34.5%

MGL P/B Ratio — Valuation Insights & Book Value Analysis

Mahanagar Gas price-to-book ratio interpretation, valuation status and historical context — current P/B 1.61 (Moderate). Analyse MGL institutional holdings to track promoter, FII and institutional holdings.

  • Current PB is 27.3% below historical average
  • Trading at discount to sector average PB of 4.11

Mahanagar Gas P/B Ratio Historical Trend

MGL annual price-to-book ratio — 4 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. View Mahanagar Gas 52-week for the annual high/low range and current price position.

MGL Historical P/B Ratio — Book Value Per Share & Year-End Price

Mahanagar Gas annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.

Year P/B Ratio Book Value/Share (₹) Year-end Price (₹) Total Equity (₹ Cr) Valuation
2026 1.61 ₹650.71 ₹1045.40 ₹6,442 Moderate
2025 1.91 ₹595.15 ₹1136.10 ₹5,892 Moderate
2024 2.47 ₹519.49 ₹1284.40 ₹5,143 Moderate
2023 2.87 ₹417.58 ₹1200.50 ₹4,134 Moderate

MGL vs Oil & Gas Peers — P/B Ratio Comparison

Mahanagar Gas P/B 1.61 vs Oil & Gas average 4.11, median 1.92 — range -0.01–19.62.

Sector Average
4.11
Sector Median
1.92
Lowest P/B
-0.01
Highest P/B
19.62
Companies
29
Company Symbol P/B Ratio Market Cap (₹ Cr) Valuation
Aban Offshore ABAN -0.01 ₹151 Low
DHP India DHPIND 0.63 ₹152 Low
Alphageo ALPHAGEO 0.72 ₹180 Low
Oil & Natural Gas Corpor… ONGC 0.76 ₹279,748 Low
Jindal Drilling & Indust… JINDRILL 0.76 ₹1,425 Low
IRM Energy IRMENERGY 1.09 ₹1,097 Moderate
Deep Industries DEEPINDS 1.22 ₹2,622 Moderate
Oil India OIL 1.33 ₹76,125 Moderate
Aakash Exploration Servi… AAKASH 1.45 ₹85 Moderate
Ganesh Benzoplast GANESHBE 1.62 ₹943 Moderate