Adani Total Gas Ltd
ATGLAdani Total Gas Ltd
ATGLPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
105.23 | 20.63 | 0.04% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
21.55 | 3.27 | 1.36% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Adani Gas is in the business of developing city gas distribution networks to supply piped natural gas to the industrial, commercial, domestic and compressed natural gas to the transportation sector
Peers
Compare with peersGail (India) Ltd
Gujarat Gas Ltd
Indraprastha Gas Ltd
Gujarat State Petronet Ltd
Mahanagar Gas Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
Revenue Forecast
Earnings Per Share Forecast
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 1,453.72 | 1,805.64 | 1,918.94 | 1,739.96 | 3,084.05 | 4,432.39 | 4,536.66 | 4,749.27 | ||||||||
Raw Materials | 872.40 | 1,087.21 | 1,059.63 | 770.70 | 1,938.53 | 3,083.32 | 2,848.32 | 3,510.53 | ||||||||
Power & Fuel Cost | 26.80 | 32.29 | 35.39 | 27.10 | 54.24 | 83.29 | 91.47 | |||||||||
Employee Cost | 38.90 | 42.00 | 47.46 | 51.52 | 54.73 | 55.68 | 66.71 | |||||||||
Selling & Administrative Expenses | 33.90 | 57.88 | 90.75 | 81.30 | 134.53 | 139.49 | 185.67 | |||||||||
Operating & Other expenses | 36.41 | 72.58 | 46.56 | 75.13 | 82.78 | 146.54 | 178.85 | |||||||||
EBITDA | 445.31 | 513.68 | 639.15 | 734.21 | 819.24 | 924.07 | 1,165.64 | 1,238.74 | ||||||||
Depreciation/Amortization | 61.01 | 67.31 | 50.70 | 62.52 | 82.73 | 113.10 | 157.88 | 184.61 | ||||||||
PBIT | 384.30 | 446.37 | 588.45 | 671.69 | 736.51 | 810.97 | 1,007.76 | 1,054.13 | ||||||||
Interest & Other Items | 125.33 | 89.85 | 41.05 | 40.48 | 52.73 | 78.43 | 111.45 | 109.94 | ||||||||
PBT | 258.97 | 356.52 | 547.40 | 631.21 | 683.78 | 732.54 | 896.31 | 944.19 | ||||||||
Taxes & Other Items | 97.00 | 127.82 | 111.08 | 168.39 | 174.38 | 186.05 | 228.81 | 242.15 | ||||||||
Net Income | 161.97 | 228.70 | 436.32 | 462.82 | 509.40 | 546.49 | 667.50 | 702.04 | ||||||||
EPS | 6.31 | 3.37 | 3.97 | 4.21 | 4.63 | 4.97 | 6.07 | 6.38 | ||||||||
DPS | 0.00 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | ||||||||
Payout ratio | 0.00 | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 |
Company Updates
Peers & Comparison
UtilitiesGas Distribution
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Adani Total Gas Ltd | 110.67 | 20.63 | 0.04% |
Gail (India) Ltd | 12.40 | 1.59 | 2.95% |
Gujarat Gas Ltd | 27.16 | 4.02 | 1.25% |
Indraprastha Gas Ltd | 11.30 | 2.32 | 2.81% |
Price Comparison
Compare ATGL with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Adani Total Gas Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
ICICI Prudential Nifty Next 50 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0228% | Percentage of the fund’s portfolio invested in the stock 0.25% | Change in the portfolio weight of the stock over the last 3 months -0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 57/59 (-15) |
UTI Nifty Next 50 Index Fund - Direct Growth Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0159% | Percentage of the fund’s portfolio invested in the stock 0.25% | Change in the portfolio weight of the stock over the last 3 months -0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 57/59 (-2) |
HDFC NIFTY Next 50 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0061% | Percentage of the fund’s portfolio invested in the stock 0.25% | Change in the portfolio weight of the stock over the last 3 months -0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 54/59 (-12) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
ATGL has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.04%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.37 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJun 14, 2024
Dividend/Share
₹0.25
Ex DateEx Date
Jun 14, 2024
Cash Dividend
Ex DateEx DateJul 7, 2023
Dividend/Share
₹0.25
Ex DateEx Date
Jul 7, 2023
Cash Dividend
Ex DateEx DateJul 14, 2022
Dividend/Share
₹0.25
Ex DateEx Date
Jul 14, 2022
Cash Dividend
Ex DateEx DateJun 24, 2021
Dividend/Share
₹0.25
Ex DateEx Date
Jun 24, 2021
Cash Dividend
Ex DateEx DateMar 26, 2020
Dividend/Share
₹0.25
Ex DateEx Date
Mar 26, 2020
The said growth in revenue from operations was due to higher volume and sales realization. Profit before tax was at Rs 239.88 crore in Q2 FY25, up 6.60% as against Rs 225.01 crore posted in Q2 FY24. EBITDA rose 8% YoY to Rs 313 crore in Q2 FY25, supported by volume growth due to infrastructure expansion and operational efficiency. Total sales volume jumped 15% to Rs 242 million metric standard cubic metric (MMSCM) in Q2 FY25 as against 211 MMSCM in Q2 FY24. Compressed natural gas (CNG) sales increased 19% YoY to Rs 162 MMSCM while piped natural gas (PNG) sales rose 7% YoY to Rs 80 MMSCM during the period under review. In September'24, ATGL secured the largest global financing in India's City Gas Distribution Business of $375 million to accelerate network infrastructure development program. During Q2FY25, company added 18 new CNG stations increasing the number to 577. The company has commissioned its first liquefied natural gas (LNG) retail outlet in Tiruppur, while two more are under construction in Dahej and Mundra. On half year basis, the company's standalone net profit increased 12.59% to Rs 355.20 crore on 10.36% rise in revenue to Rs 2,552.59 crore in H1 FY25 over H1 FY24. Suresh P Manglani, ED & CEO of Adani Total Gas, said, 'ATGL has reported healthy operational and financial performance during the quarter. Our business is closely aligned with India's energy transition goals which we are delivering by providing cleaner and greener energy solutions to all our consumers. We now reach over 9 lakh consumers through our piped gas network supplying uninterrupted piped natural gas. We have commissioned our first LNG station for the transportation segment and progressing towards covering key highway networks aiding India's decarburization march. Following the recent reduction in APM gas allocation, which caters to auto CNG and home PNG consumers, we are closely monitoring the situation and given our diversified gas sourcing portfolio, we will ensure a calibrated pricing approach to balance the interest of our consumers' Adani Total Gas is one of India's leading private players in developing city gas distribution (CGD) networks to supply piped natural gas (PNG) to industrial, commercial, domestic (residential) customers and compressed natural gas (CNG) to the transport sector.Powered by Capital Market - Live
Net profit of Adani Total Gas rose 7.48% to Rs 185.60 crore in the quarter ended September 2024 as against Rs 172.68 crore during the previous quarter ended September 2023. Sales rose 11.23% to Rs 1218.65 crore in the quarter ended September 2024 as against Rs 1095.59 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1218.651095.59 11 OPM %25.0925.55 - PBDT298.75267.52 12 PBT247.37229.90 8 NP185.60172.68 7 Powered by Capital Market - Live
Adani Total Gas will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live
The maiden financing of $375 million executed with international lenders include an initial commitment of $315 million with accordion feature to enhance the commitments. Five international lenders participated in the initial financing which includes BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation. ATGL stated that these facilities will fast track the capital expenditure program, enabling the company to rapidly expand its CGD network into its 34 authorized geographical areas (GAs) across 13 states. This development agenda shall cater to up to 14% of India's population covering more than 200 million people. The expansion will deepen the penetration of piped natural gas (PNG) and compressed natural gas (CNG) infrastructure, creating an ecosystem for a gas-based economy. Parag Parikh, CFO of ATGL, said: 'Participation from the global lenders reinforces the potential of city gas distribution in its role as transition fuel This financing framework will drive ATGL's sustained growth and will be a stepping-stone for future financing based on its capital management plan which will create a long-term value for all our stakeholders.' Adani Total Gas is one of India's leading private players in developing city gas distribution (CGD) networks to supply piped natural gas (PNG) to industrial, commercial, domestic (residential) customers and compressed natural gas (CNG) to the transport sector. The company's standalone net profit increased 19.91% to Rs 177.09 crore in Q1 FY25 as comapred with Rs 147.69 crore in Q1 FY24. Revenue from operations rose 9.01% YoY to Rs 1237.10 crore in Q1 FY25. The scrip had advanced 1.60% to end at Rs 788.60 on the BSE on Friday. Powered by Capital Market - Live
Adani Total Gas has entered into an overall financing framework which enables it to secure future funding based on its business plan. The maiden financing of USD 375 million executed with international lenders include an initial commitment of USD 315 million with accordion feature to enhance the commitments. Five international lenders participated in the initial financing which includes BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation. The facility will fast track the capital expenditure program enabling ATGL to rapidly expand its CGD network into its 34 authorized Geographical Areas (GAs) across 13 states. This development agenda shall cater to up to 14% of India's population covering more than 200 million people. The expansion will deepen the penetration of Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) infrastructure, creating an ecosystem for a gas-based economy. Powered by Capital Market - Live
Revenue from operations rose 9.01% YoY to Rs 1237.10 crore in Q1 FY25. EBITDA jumped 21% to Rs 308 crore during the quarter as compared with Rs 255 crore in Q1 FY24. Total sales volume jumped 17% to Rs 230 million metric standard cubic metric (MMSCM) in Q1 FY25 as against 198 MMSCM in Q1 FY24. Compressed natural gas (CNG) sales increased 20% YoY to Rs 153 MMSCM while piped natural gas (PNG) sales rose 11% YoY to Rs 77 MMSCM during the period under review. Suresh P Manglani, ED & CEO of Adani Total Gas, said, 'During the quarter, ATGL received approval from regulator for the transfer of Letter of Authorization for Jalandhar Geographical Area (GA) which provides high volume growth opportunity to the Company. We have also crossed a significant milestone of 1000+ EV charging points, reaching 1212 EV charging points across multiple locations.. 'We continue to see more traction on natural gas as we further build CGD infrastructure and penetrate deeper across multiple GAs. With newer sustainable energy in form of E-mobilty, LNG and Biomass, we remain fully committed to provide a sustainable energy platform to our consumers and playing a leading role in the country's energy transition journey.' Adani Total Gas is one of India's leading private players in developing city gas distribution (CGD) networks to supply piped natural gas (PNG) to industrial, commercial, domestic (residential) customers and compressed natural gas (CNG) to the transport sector.Powered by Capital Market - Live
Net profit of Adani Total Gas rose 14.39% to Rs 171.84 crore in the quarter ended June 2024 as against Rs 150.22 crore during the previous quarter ended June 2023. Sales rose 8.47% to Rs 1145.49 crore in the quarter ended June 2024 as against Rs 1056.06 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1145.491056.06 8 OPM %25.7423.46 - PBDT277.45234.07 19 PBT231.73201.32 15 NP171.84150.22 14 Powered by Capital Market - Live
The Board of Adani Total Gas at its meeting held on 29 July 2024 has approved appointed Thibault Lesueur (DIN: 10658488) as an Additional Director (Non-Executive, Non-Independent) of the Company as Nominee of TotalEnergies Group.Powered by Capital Market - Live
Adani Total Gas will hold a meeting of the Board of Directors of the Company on 29 July 2024.Powered by Capital Market - Live
Adani Gas down 74% in 6 months, Serum Institute most valued unlisted firm
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 20.23%, vs industry avg of 12.64%
Increasing Market Share
Over the last 5 years, market share increased from 1.71% to 2.3%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 23.89%, vs industry avg of 11.3%