Dividend Hunters Alert! Rs. 18 Final Payout Locked In – Should You Grab This Stock Before Aug 14?

Founded on May 8, 1995, Mahanagar Gas Limited (MGL) is a natural gas distribution company based in India. GAIL (India) Limited and the Maharashtra government jointly own MGL. As the stock approaches its record date of dropping in August for a substantial final dividend payout of 180% for FY25, it will continue to attract the attention of short-term traders and dividend-seeking investors.

Mahanagar Gas Dividend

"In reference to our earlier intimation dated May 06, 2025, it was informed that the Board of Directors of the Company at its meeting held on May 06, 2025, had recommended Final Dividend of Rs. 18/- per equity share of the face value of Rs. 10/- each for financial year 2024-25 (i.e. 180%), subject to the approval of shareholders at the ensuing Annual General Meeting ('AGM'), which is scheduled to be held on Friday, August 22, 2025. In view of the above and pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Thursday, August 14, 2025 as the 'Record Date' for determining entitlement of shareholders for payment of final Dividend for the financial year 2024-25. The Final Dividend, if approved by shareholders at the ensuing AGM, will be paid subject to the deduction of tax at source at applicable rates, within 30 days from the date of AGM, to those Members / Beneficial Owners, whose names appears in Register of Members of the Company / Register of Beneficial Owners maintained by the Depositories, on closure of business hours as on Record Date," said Mahanagar Gas in a stock exchange filing.

Mahanagar Gas Q1FY26 Financials

With revenues up 24.3% YoY to Rs 1,975.92 crore from Rs 1,589.63 crore in Q1 FY25, the firm experienced an excellent first quarter of FY26. Revenue increased 5.96% sequentially from Rs 1,864.85 crore in Q4 of FY25. EBITDA climbed 15.98% to Rs 485.36 crore, while gross profit climbed 17.4% YoY to Rs 739.55 crore. EBITDA margins, however, decreased from 26.33% to 24.56% over the same period last year. Profit after tax (PAT) increased by 13.98% to Rs 324.32 crore, while profit before tax (PBT) improved by 14.09% YoY to Rs 437.77 crore. Sequentially, PAT jumped by 28.6%. At Rs 32.83, earnings per share (EPS) went up 14% YoY and 28.6% QoQ.

Mahanagar Gas Target Price

"Mahanagar Gas is trading with strong bullish sentiment, holding support at ₹1,310. Resistance is placed at ₹1,360, and a breakout above could open targets toward ₹1,400. RSI is supportive, indicating momentum remains strong. The stock's uptrend is intact, backed by price strength and sustained buying interest. Traders may consider buying on dips near ₹1,320-₹1,330 with a stop-loss below ₹1,305, looking for potential upside toward ₹1,360-₹1,400 in the short term," commented Riyank Arora, technical analyst at Mehta Equities.

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