StoxIndraprastha Gas vs Mahanagar Gas: share price & financials comparison
NSE: IGL vs MGL · Oil Gas & Consumable Fuels · as of 06 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Indraprastha Gas vs Mahanagar Gas at a glance
Indraprastha Gas (IGL) has a market capitalisation of ₹19,876 Cr, against ₹11,158 Cr for Mahanagar Gas (MGL). Over the past year Mahanagar Gas has returned -12.8%, compared with -33.1% for Indraprastha Gas. On valuation, Mahanagar Gas trades at a lower P/E of 16.9 versus 19.9. Mahanagar Gas earns a higher return on equity (10.0% vs 8.6%). Indraprastha Gas comes out ahead on size and growth. Mahanagar Gas comes out ahead on valuation, profitability, momentum and technicals. Across the scored metrics below, Indraprastha Gas leads on 5 and Mahanagar Gas on 12. On StoxGud's 10-point checklist, Indraprastha Gas scores 3/10 and Mahanagar Gas scores 4/10.
| Metric | Indraprastha Gas | Mahanagar Gas |
|---|---|---|
| Size | ||
| Market cap | ₹19,876 Cr | ₹11,158 Cr |
| Revenue (latest FY) | ₹17,846 Cr | ₹9,065 Cr |
| Net profit (latest FY) | ₹1,550 Cr | ₹841 Cr |
| Valuation | ||
| P/E | 19.9 | 16.9 |
| P/B | 1.72 | 1.70 |
| Dividend yield | 3.35% | 2.66% |
| Profitability | ||
| Return on equity | 8.6% | 10.0% |
| Net profit margin | 5.1% | 6.7% |
| Operating margin | 5.8% | 12.7% |
| Growth | ||
| Revenue growth (YoY) | +26.3% | +23.1% |
| Net profit growth (YoY) | -93.3% | -29.1% |
| Revenue CAGR (multi-year) | +26.8% | +14.5% |
| Financial health | ||
| Debt to equity | 0.00 | 0.00 |
| Momentum | ||
| 1-month return | -3.0% | +8.4% |
| 1-year return | -33.1% | -12.8% |
| 3-year CAGR | -10.9% | +2.3% |
| 5-year CAGR | -10.4% | +2.3% |
| 10-year CAGR | +5.2% | +4.8% |
| Distance from 52W high | -34.0% | -11.6% |
| Technicals | ||
| RSI (14) | 48 | 71 |
| Price vs 200-day avg | -9.7% | +3.7% |
Highlighted cells lead on that metric. Market cap, revenue and RSI are shown for context and not scored.
10-point checklist side by side
| Check | Indraprastha Gas | Mahanagar Gas |
|---|---|---|
| Price above 50-day average | ✗ | ✓ |
| Price above 200-day average | ✗ | ✓ |
| 50-day average above 200-day (uptrend) | ✗ | ✗ |
| RSI in healthy 40–70 zone | ✓ | ✗ |
| Positive 1-year return | ✗ | ✗ |
| Return on equity above 15% | ✗ | ✗ |
| Debt to equity below 1 | ✓ | ✓ |
| Revenue growing year on year | ✓ | ✓ |
| Net profit margin above 10% | ✗ | ✗ |
| P/E below industry median | ✗ | ✗ |
| Score | 3/10 | 4/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, Indraprastha Gas or Mahanagar Gas?
Indraprastha Gas has a market cap of ₹19,876 Cr and Mahanagar Gas has a market cap of ₹11,158 Cr as of 06 Nov 2026.
Which has a lower P/E, Indraprastha Gas or Mahanagar Gas?
Mahanagar Gas has the lower P/E: Indraprastha Gas trades at 19.9 and Mahanagar Gas at 16.9.
Which gave better returns in the last year, Indraprastha Gas or Mahanagar Gas?
Mahanagar Gas did better: Indraprastha Gas returned -33.1% and Mahanagar Gas returned -12.8% over one year.
Is Indraprastha Gas or Mahanagar Gas a better buy?
StoxGud does not give buy or sell recommendations. On our rules-based checklist Indraprastha Gas scores 3/10 and Mahanagar Gas scores 4/10; compare valuation, profitability, growth and momentum above and consult a SEBI-registered adviser.