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Adani Total Gas Performance

Days Range

Low: ₹1,011.05
High: ₹1,025.00
Previous Close ₹1,012.05
Open ₹1,014.95
Volume 15,49,872
Day’s Range ₹1,011.05 - ₹1,025.00
52W Range ₹522.00 - ₹1,259.40
Market Cap ₹1,11,350 Cr

Fundamentals of Adani Total Gas

ROCE (TTM) 18.68%
P/E Ratio (TTM) 186.45
P/B Ratio 34.41
Industry P/E 20.93
Debt to Equity 0.42
ROE 17.65%
EPS (TTM) 5.43
Dividend Yield 0.02%
Book Value 29
Face Value 1

Financials of Adani Total Gas

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales1,114.781,056.061,095.591,156.14
Expenses950.47841.07853.28906.71
Profit before tax135.72201.32229.9235.82
Operating Profit97.91150.22172.68176.64
Net Profit97.91150.22172.68176.64
EPS in Rs0.891.371.571.61

About Adani Total Gas

About Adani Total Gas Limited (ATGL)

Adani Total Gas is engaged in the development of City Gas Distribution (CGD) networks to supply Piped Natural Gas (PNG) to the industrial, commercial, domestic (residential) and Compressed Natural Gas (CNG) to the transport sector. The company was incorporated and promoted by the Adani Group in 2005.

ATGL has established city gas distribution networks in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. Moreover, the development of Allahabad, Chandigarh, Ernakulam, Panipat, Daman, Dharwad, and Udhamsingh Nagar gas distribution has been given to a consortium of Adani Total Gas Ltd and Indian Oil Corporation Ltd (IOCL).

In 2020, Adani Gas received the Golden Peacock HR Excellence Award. ATGL received the ‘ESG Initiative of the Year award from ET Energy World Annual Gas Conclave for its Greenmosphere initiative in 2022.

Business Segment

  • Residential PNG: Residential piped gas is a developing market that consumers choose over LPG fuels because it provides more convenience, safety, and satisfaction. The company has over 7,00,000 domestic households connected to PNG.
  • Industrial PNG: The industrial PNG services users include those that run boilers, thermic fluid heaters, direct-fired dryers, textile processing, heat treatment, wire drawing, casting, and forging applications, among others. ATGL added 249 industrial consumers in FY 2023.
  • Commercial PNG: ATGL supplies PNG to commercial consumers, including hotels, restaurants, shopping malls, hospitals, educational centers, canteens, temples and crematoriums, etc. During FY 2023, it added 618 commercial connections.
  • Compressed Natural Gas (CNG): It is a preferred transportation fuel, marked by economy and savings. ATGL added 126 CNG stations in FY 2023.

The following are subsidiaries of ATGL:

  • Adani TotalEnergies Biomass Limited (ATEBL): It is a 100% owned subsidiary of ATGL, which was formed to develop the Biomass business by setting up CBG processing plants across the country based on multiple feedstocks like Agri waste as well as Municipal Solid Wastes.
  • Adani TotalEnergies E-Mobility Limited (ATEEL): The company is a wholly-owned subsidiary of ATGL. This will help ATGL develop a charging ecosystem to support the fast-growing EV penetration drive in the country. 

Key Personnel of ATGL

Suresh P Manglani, Executive Director & Chief Executive Officer

Mr. Suresh P Manglani is an Executive Director & Chief Executive Officer of ATGL. He has over three decades of experience in the oil and gas industry, including ~17 years of experience in British Gas and BP Plc joint ventures in India in midstream and downstream (CGD) businesses. He joined ATGL in 2018 as Chief Executive Officer.

Management Outlook

  • The company is expanding into the quickly growing e-mobility segment; for this, it has formed a wholly-owned subsidiary, Adani TotalEnergies E-mobility Limited (ATEEL). ATEEL is setting up EV charging infrastructure for 2W, 3W, and 4W (including buses) at various locations nationwide.
  • For residential PNG, the company would focus on deepening its penetration into authorised geographical areas and creating infrastructure that facilitates doorstep PNG delivery.
  • For the CNG business, ATGL’s strategy revolves around expanding its CNG footprint across geographical areas, creating an ecosystem and enhancing consumer confidence.

SWOT Analysis

Strengths

  • Member and equity shareholder of the Indian Gas Exchange.
  • Diversified revenue streams.

Weaknesses

  • Operations are restricted to specific geographical locations.
  • Delay in project implementation.

Opportunities

  • Expected rapid growth in energy demand across the next decade.
  • Open access allows one to enter metro cities with vast possibilities.

Threats

  • Volatility in gas prices.
  • Regulatory risk.
Parent Organisation Adani
Founded 2005
Managing Director Gautam Adani
NSE Symbol ATGL

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
GAIL (India) Ltd ₹120,948.96

183.7

0.30 (-0.16%)

182.6 - 185.45
Gujarat Gas Ltd ₹38,195.33

566.7

11.70 (2.11%)

554 - 567.2
Indraprastha Gas Ltd ₹30,779.04

440

0.10 (0.02%)

437 - 442.05
Petronet LNG Ltd ₹42,180.00

282.75

1.50 (0.53%)

280.5 - 284.2
Deep Energy Resources Ltd ₹550.40

171.7

0.50 (-0.29%)

169.05 - 174.05

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FAQs

What is the Share price of Adani Total Gas (ATGL)?

Adani Total Gas (ATGL) share price as of February 21, 2024, on NSE is Rs 1,019.90 (NSE) and Rs 1,020.10 (BSE) on BSE.

Can I buy Adani Total Gas (ATGL) shares?

Yes, You can buy Adani Total Gas (ATGL) shares by opening a Demat account with Angel One.

How do I buy Adani Total Gas (ATGL) from Angel One?

Adani Total Gas (ATGL) share can be brought through the following modes:
  1. Direct investment: You can buy Adani Total Gas (ATGL) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Adani Total Gas (ATGL) shares.

What is the total Asset of Adani Total Gas?

The total asset of Adani Total Gas is Rs. 4,429 crores.

What is the main business of Adani Total Gas?

The main business of Adani Total Gas, a joint venture between Adani Group and Total Energies, is related to city gas distribution (CGD). It supplies piped natural gas connections to its residential, commercial, and industrial clients and compressed natural gas to the transport sector.

Who are the promoters of Adani Total Gas?

The key promoters of Adani Total Gas are Gautambhai Shantilal Adani & Rajeshbhai Shantilal Adani (on behalf Of S.B. Adani Family Trust), TotalEnergies Holdings SAS, Vanshi Rajesh Adani, and Rahi Rajesh Adani.