Mahanagar Gas Balance Sheet
- Market cap
- ₹10,322 crore
- P/E
- 14.4
- P/B
- 1.61
- ROE
- 13.7%
- Dividend yield
- 1.72%
As of Mar 2022, Mahanagar Gas had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 947.03% from Mar 2023.
Mahanagar Gas balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 98.78 | 98.78 | 98.78 | 98.78 |
| Reserves | 8,500 | 3,824 | 4,820 | 5,573 | 6,118 |
| Borrowings | 1,200 | 115 | 141 | 201 | 223 |
| Other liabilities | 3,500 | 1,783 | 1,977 | 2,208 | 2,317 |
| Total liabilities | 13,700 | 6,032 | 7,253 | 8,302 | 8,981 |
| Fixed assets | 6,500 | 3,755 | 4,625 | 5,573 | 6,370 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 1,206 | 1,451 | 1,660 | 1,796 |
| Other assets | 4,300 | 1,810 | 2,176 | 2,490 | 2,694 |
| Total assets | 13,700 | 6,032 | 7,253 | 8,302 | 8,981 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Mahanagar Gas balance sheet — frequently asked questions
What is the total debt of Mahanagar Gas?
Mahanagar Gas reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹115 crore as of Mar 2023.
What is Mahanagar Gas' debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Mahanagar Gas' debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are Mahanagar Gas' total assets?
Mahanagar Gas' total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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Figures are for information only and are not investment advice or a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks; read all related documents carefully before investing.