Mahanagar Gas share price: State-run Mahanagar Gas Ltd (MGL) declared its earnings for the fourth quarter ended March 31, 2026, on May 8. Following Mahanagar Gas Q4 results, various brokerages such as Citi, Emkay, and Nuvama shared their outlook on MGL. Here’s what investors should know.
The brokerage firm Emkay downgrades MGL to ADD from Buy due to a volatile margin outlook. The brokerage has rolled forward to Mar-28E and cut the target price by 8.5 per cent to Rs 1,300 from Rs 1,420. Reasons being:
Q4FY26 SA EBITDA/PAT of Rs 2.6/1.3 billion missed the brokerage estimates by 23%/31%, largely owing to higher RM costs amid gas price spike and HH volume curtailment due to ME crisis, along with currency depreciation.
Mahanagar Gas share price: Nuvama rating on MGL – Check latest target price
Mahanagar Gas Dividend 2026
The Board of Mahanagar Gas recommended a dividend of Rs 18 per share for the financial year 2025-26. However, the dividend is subject to the approval of the shareholders of the company.
“Recommended a Final Dividend of Rs 18/-per equity share having a face value of Rs 10/-each for the financial year 2025-26, subject to approval of shareholders of the Company. This is in addition to the Interim Dividend of Rs 12/-per equity share, as declared by the Board of Directors at its meeting held on February 07, 2026. Accordingly, the total dividend for the financial year will be Rs 30/-per equity share having a face value of Rs 10/-each,” Mahanagar Gas said in an exchange filing.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
