Is Mahanagar Gas Ltd halal to invest in?

As of July 2026, Mahanagar Gas Ltd MGL.NS is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is Mahanagar Gas Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Mahanagar Gas Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Mahanagar Gas Ltd?

Muslim investors may consider investing in Mahanagar Gas Ltd if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Mahanagar Gas Ltd classified as HALAL?

Musaffa determines the Shariah status of Mahanagar Gas Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Mahanagar Gas Ltd updated?

The Shariah compliance status of Mahanagar Gas Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Mahanagar Gas Ltd become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Mahanagar Gas Ltd?

You can check the latest Shariah compliance status of Mahanagar Gas Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Mahanagar Gas Ltd MGL.NS

Last Updated: Jul 22, 12:00 AM·NSE

MGL.NS Shariah Compliance

Screening Methodology: AAOIFI

As of July 2026, Mahanagar Gas Ltd is classified as halal.

HALAL

Report Source: 2026 Annual Report

Mahanagar Gas Ltd. Stock Analysis MGL.NS

India Utilities Small Cap Report: 2026 Annual

Mahanagar Gas Ltd. engages in the sale and distribution of natural gas. The firm is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane and Raigad districts of Maharashtra. The company operates through the selling of the natural gas segment. The company offers PNG for domestic, commercial and industrial purposes. Its domestic PNG is used for various purposes, like cooking and water heating. The company is also used by hospitals, nursing homes, hotels, flight kitchens, restaurants, places of worship and others. The company offers PNG for various industries, including metal, pharmaceuticals, food and beverages, printing and dyeing, oil mills, power generation and air conditioning. The company supplies CNG to Brihanmumbai Electricity Supply and Transport/Thane Municipal Transport/Maharashtra State Road Transport Corporation/Navi Mumbai Municipal Transport (BEST/TMT/MSRTC/NMMT) buses, light commercial vehicles (LCVs)/ tempos/ trucks/private buses. The company also installs gas geysers.

Key Statistics of Mahanagar Gas Ltd (MGL.NS)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

₹1,071.40₹1,095.00

Today's Open

₹1,081.40

Volume

105.49K

P/E Ratio (TTM)

10.44

52 Week Range

₹900.00₹1,562.00

Market Cap

112.18B

Avg. Volume

169.18K

Dividend Yield

2.73%

Financial Metrics & Statements of Mahanagar Gas Ltd (MGL.NS)

Super Investors Invested in Mahanagar Gas Ltd (MGL.NS)

FAQ's for Mahanagar Gas Ltd (MGL.NS)

As of July 2026, Mahanagar Gas Ltd MGL.NS is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Mahanagar Gas Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Mahanagar Gas Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Mahanagar Gas Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Mahanagar Gas Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Mahanagar Gas Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.