ADANI TOTAL GAS LIMITED
₹534.25-₹12.75 (-2.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹61,127 Cr
- P/E
- 99.1x
- EV / EBITDA
- 54.2x
- Revenue
- ₹4,986 Cr
- Net margin
- 14.6%
- ROCE
- 21.6%
Price chart
Technical chartScreen technicals →-16.3% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -9.8%
- 3M
- -17.8%
- 6M
- -15.8%
- 1Y
- -16.3%
- 5Y
- -62.7%
52-week range
Day change -₹12.75 (-2.3%) from ₹547 to ₹534 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in ATGL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 19.0%
Concerns1
- Valuation elevated — PE of 99.1x is 83% above peer average of 54.3x
Rule-based from financial data. Not advice.
About the company
Adani Total Gas Limited engages in the city gas distribution (CGD) business in India. The company supplies piped natural gas and compressed natural gas to the domestic, commercial, industrial, and transportation sectors. It also provides biogas, biofuel, biomass, LCNG, HCNG, EV, and hydrogen. In addition, the company manufactures various equipment; and offers value-added services related to the CGD business.
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Adani Total Gas Limited engages in the city gas distribution (CGD) business in India. The company supplies piped natural gas and compressed natural gas to the domestic, commercial, industrial, and transportation sectors. It also provides biogas, biofuel, biomass, LCNG, HCNG, EV, and hydrogen. In addition, the company manufactures various equipment; and offers value-added services related to the CGD business. The company was formerly known as Adani Gas Limited and changed its name to Adani Total Gas Limited in January 2021. Adani Total Gas Limited was founded in 2004 and is based in Ahmedabad, India.
- Sector
- Energy
- Shares outstanding
- 110 Cr shares
- ISIN
- INE399L01023
- BSE code
- 542066
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹61,127 Cr
- P/E
- 99.1x
- P/B
- 13.6x
- EV / EBITDA
- 54.2x
- EV / Sales
- 14.0x
- P/S
- 13.7x
- Earnings yield
- 1.0%
- 52-week high
- ₹762.25
- 52-week low
- ₹467.65
Profitability
- Operating margin
- 24.7%
- Net margin
- 14.6%
- EBITDA margin
- 25.7%
- ROE
- 18.3%
- ROCE
- 21.6%
- ROA
- 10.0%
- Dividend payout
- 4.0%
- Tax rate
- 26.0%
- Other income, % of PBT
- 5.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4,986 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 11.5%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 19.0%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,151 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 26.9%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -0.8%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.4%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹971 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 14.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹83.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 15.8%
Solvency and efficiency
- Current ratio
- 1.39
- Debt / Equity
- 0.44
- Debt / Assets
- 0.24
- Debt / EBITDA
- 1.35
- Interest coverage
- 9.95
- Financial leverage
- 1.83
- CFO / Net profit
- 1.49
- Cash / Market cap
- 2.1%
- Cash per share
- ₹11.39
- Asset turnover
- 0.69
- Fixed asset turnover
- 1.45
- Capital intensity
- 0.69
- Debtor days
- 33 days
- Cash conversion cycle
- 33 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹13 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹3,849 Cr |
| Sales | Operating profit | ₹1,137 Cr |
| Operating profit | Interest | ₹100 Cr |
| Operating profit | Depreciation | ₹198 Cr |
| Operating profit | Profit before tax | ₹839 Cr |
| Other income | Profit before tax | ₹30 Cr |
| Profit before tax | Tax and other | ₹220 Cr |
| Profit before tax | Net profit | ₹648 Cr |
Revenue and net profit
Revenue grew 11.5% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,696 Cr | ₹472 Cr |
| FY2022 | ₹3,038 Cr | ₹505 Cr |
| FY2023 | ₹4,378 Cr | ₹530 Cr |
| FY2024 | ₹4,472 Cr | ₹653 Cr |
| FY2025 | ₹4,986 Cr | ₹648 Cr |
Cash flows
FY2025: ₹980 Cr from operations, ₹24.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹654 Cr | -₹116 Cr |
| FY2022 | ₹732 Cr | -₹401 Cr |
| FY2023 | ₹846 Cr | -₹317 Cr |
| FY2024 | ₹971 Cr | ₹202 Cr |
| FY2025 | ₹980 Cr | ₹24 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹4,986 Cr+11.5%1Y
- Net profit
- ₹648 Cr-0.8%1Y
- Cash from operations
- ₹980 Cr
- Free cash flow
- ₹24 Cr-88.1%1Y
- Revenue CAGR, 5Y
- 19.0%
- EBITDA CAGR, 5Y
- 12.5%
- Net profit CAGR, 5Y
- 8.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹4,986 Cr | ₹1,137 Cr | — | ₹648 Cr | ₹980 Cr | ₹24 Cr | 15.5% | +11.5% | -0.8% |
Monthly returns
Month-by-month returns of ATGL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹7,599 Cr |
| Equity capital | ₹110 Cr |
| Reserves | ₹4,075 Cr |
| Borrowings | ₹1,831 Cr |
| Other liabilities | ₹1,583 Cr |
| Assets | ₹7,599 Cr |
| Fixed assets | ₹3,515 Cr |
| Capital work in progress | ₹1,803 Cr |
| Investments | ₹993 Cr |
| Other assets | ₹1,288 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
ATGL trades at 99.1x earnings against a peer median of 24.8x (a 300% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| ADANI TOTAL GAS LIMITEDATGLthis companyP/E ↑ premium | ₹61,127 Cr | 99.1x | 13.6x | 18.3% | 54.2x |
| JSW Energy LimitedJSWENERGY | ₹86,383 Cr | 83.6x | 3.8x | 6.3% | 48.1x |
| Siemens Energy India LimitedENRIN | ₹85,572 Cr | 77.8x | 19.5x | — | — |
| NHPC LimitedNHPC | ₹81,826 Cr | 25.8x | 2.1x | 10.0% | 17.7x |
| NTPC GREEN ENERGY LIMITEDNTPCGREEN | ₹77,227 Cr | 141.0x | 4.1x | 5.9% | 46.7x |
| Waaree Energies LimitedWAAREEENER | ₹74,772 Cr | 26.0x | 6.6x | 28.0% | 37.6x |
| Oil India LimitedOIL | ₹72,830 Cr | 15.6x | 1.5x | 12.6% | 8.9x |
| TORRENT POWER LIMITEDTORNTPOWER | ₹67,853 Cr | 23.5x | 3.6x | 14.9% | 17.4x |
| PETRONET LNG LTD.PETRONET | ₹43,065 Cr | 12.0x | 2.1x | 20.8% | 7.4x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
ATGL since 1 January, against earlier years.
Historical volatility
ATGL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 42.0% |
| FY2022 | 25.0% |
| FY2023 | 20.0% |
| FY2024 | 25.0% |
| FY2025 | 23.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹4,986 Cr |
| Costs | |
| Interest | ₹100 Cr |
| Expenses | ₹3,849 Cr |
| Operating profitOperating Profit | ₹1,137 Cr |
| Other income and charges | |
| Profit before tax | ₹868 Cr |
| Tax | |
| Net profitNet Profit | ₹648 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹7,599 Cr |
| Equity capitalEquity Capital | ₹110 Cr |
| Reserves | ₹4,075 Cr |
| Borrowings | ₹1,831 Cr |
| Other liabilitiesOther Liabilities | ₹1,583 Cr |
| AssetsTotal Assets | ₹7,599 Cr |
| Fixed assetsFixed Assets | ₹3,515 Cr |
| Capital work in progressCWIP | ₹1,803 Cr |
| Investments | ₹993 Cr |
| Other assetsOther Assets | ₹1,288 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹980 Cr |
| Investing cash flowCash from Investing Activity | -₹956 Cr |
| Financing cash flowCash from Financing Activity | ₹58 Cr |
| Change in cashNet Cash Flow | ₹83 Cr |
Learn while you research
Academy chapters picked for ADANI TOTAL GAS LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 99.1, learn when high multiples are justified.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read