Mahanagar Gas
MGL.NS
$17.54
Share price
0.81%
Change (1 day)
42.02%
Change (1 year)
Categories
Operating Margin for Mahanagar Gas (MGL.NS)
Operating Margin as of April 2024 (TTM): 16.75%
According to Mahanagar Gas's latest financial reports and stock price the company's current Operating Margin is 16.75%. At the end of 2022 the company had an Operating Margin of 22.80%.
Operating Margin history for Mahanagar Gas from 2016 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 22.80% | -41.58% |
| 2021 | 39.03% | 17.1% |
| 2020 | 33.33% | 10.34% |
| 2019 | 30.20% | -7.8% |
| 2018 | 32.76% | 10.16% |
| 2017 | 29.74% | 31.15% |
| 2016 | 22.67% | 4.89% |
| 2015 | 21.62% | -8.5% |
| 2014 | 23.63% | -19.96% |
| 2013 | 29.52% | -15.53% |
| 2012 | 34.95% |
What is a company's Operating Margin
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.