Adani Total Gas Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: August 15, 2025, 7:28 pm

Market Cap	66,797 Cr.
Current Price	607
High / Low	869/533
Stock P/E	103
Book Value	38.2
Dividend Yield	0.04 %
ROCE	17.5 %
ROE	16.8 %
Face Value	1.00
PEG Ratio	14.38

Quick Insight

Adani Total Gas Ltd, with a share price of 609 and a market capitalization of 67,011 Cr., presents a mixed financial picture. While the P/E ratio stands high at 103, indicating a relatively expensive stock, the ROE and ROCE figures at 16.8% and 17.5% respectively, reflect decent return metrics. The company's OPM at 21% signifies healthy operational efficiency. With Promoters holding a significant stake of 74.80% and FIIs and DIIs also present in the shareholder structure, the stock shows a diverse ownership pattern. However, the high P/BV ratio of 28.43x and borrowings of ₹1,834 Cr. raise concerns about valuation and leverage. Adani Total Gas Ltd's ICR of 10.30x indicates a comfortable debt-servicing ability. In conclusion, investors should closely monitor the company's ability to manage its borrowings and sustain profitability amidst the industry dynamics.

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Adani Total Gas Ltd

Competitors of Adani Total Gas Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Petronet LNG Ltd	40,785 Cr.	272	385/270	11.2	129	3.68 %	26.3 %	21.6 %	10.0
Mahanagar Gas Ltd	12,976 Cr.	1,314	1,989/1,075	12.0	596	2.28 %	22.9 %	17.7 %	10.0
Indraprastha Gas Ltd	28,573 Cr.	204	285/153	20.1	66.3	1.35 %	21.6 %	16.5 %	2.00
Confidence Petroleum India Ltd	1,591 Cr.	47.9	98.5/44.8	18.3	40.0	0.21 %	9.48 %	6.87 %	1.00
Adani Total Gas Ltd	66,797 Cr.	607	869/533	103	38.2	0.04 %	17.5 %	16.8 %	1.00
Industry Average	30,144.40 Cr	488.98		32.92	173.90	1.51%	19.56%	15.89%	4.80

All Competitor Stocks of Adani Total Gas Ltd

Quarterly Result

Metric	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
Sales	1,042	1,116	1,106	1,115	1,056	1,096	1,156	1,167	1,145	1,219	1,294	1,341	1,379
Expenses	824	889	876	926	808	816	868	879	851	913	1,030	1,075	1,085
Operating Profit	219	226	230	189	248	280	288	288	295	306	265	266	293
OPM %	21%	20%	21%	17%	23%	26%	25%	25%	26%	25%	20%	20%	21%
Other Income	10	31	10	9	10	15	18	19	9	16	8	14	12
Interest	19	21	6	32	24	27	31	29	26	23	27	24	28
Depreciation	24	27	31	31	33	38	39	49	46	51	53	53	56
Profit before tax	186	208	203	136	201	230	236	229	232	247	192	204	222
Tax %	26%	23%	26%	28%	25%	25%	25%	27%	26%	25%	26%	24%	26%
Net Profit	138	160	150	98	150	173	177	168	172	186	142	155	165
EPS in Rs	1.26	1.45	1.37	0.89	1.37	1.57	1.61	1.53	1.56	1.69	1.29	1.41	1.50

Last Updated: August 2, 2025, 12:50 am

Below is a detailed analysis of the quarterly data for Adani Total Gas Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

For Sales, as of Jun 2025, the value is 1,379.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,341.00 Cr. (Mar 2025) to 1,379.00 Cr., marking an increase of 38.00 Cr..
For Expenses, as of Jun 2025, the value is 1,085.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,075.00 Cr. (Mar 2025) to 1,085.00 Cr., marking an increase of 10.00 Cr..
For Operating Profit, as of Jun 2025, the value is 293.00 Cr.. The value appears strong and on an upward trend. It has increased from 266.00 Cr. (Mar 2025) to 293.00 Cr., marking an increase of 27.00 Cr..
For OPM %, as of Jun 2025, the value is 21.00%. The value appears strong and on an upward trend. It has increased from 20.00% (Mar 2025) to 21.00%, marking an increase of 1.00%.
For Other Income, as of Jun 2025, the value is 12.00 Cr.. The value appears to be declining and may need further review. It has decreased from 14.00 Cr. (Mar 2025) to 12.00 Cr., marking a decrease of 2.00 Cr..
For Interest, as of Jun 2025, the value is 28.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 24.00 Cr. (Mar 2025) to 28.00 Cr., marking an increase of 4.00 Cr..
For Depreciation, as of Jun 2025, the value is 56.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 53.00 Cr. (Mar 2025) to 56.00 Cr., marking an increase of 3.00 Cr..
For Profit before tax, as of Jun 2025, the value is 222.00 Cr.. The value appears strong and on an upward trend. It has increased from 204.00 Cr. (Mar 2025) to 222.00 Cr., marking an increase of 18.00 Cr..
For Tax %, as of Jun 2025, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 24.00% (Mar 2025) to 26.00%, marking an increase of 2.00%.
For Net Profit, as of Jun 2025, the value is 165.00 Cr.. The value appears strong and on an upward trend. It has increased from 155.00 Cr. (Mar 2025) to 165.00 Cr., marking an increase of 10.00 Cr..
For EPS in Rs, as of Jun 2025, the value is 1.50. The value appears strong and on an upward trend. It has increased from 1.41 (Mar 2025) to 1.50, marking an increase of 0.09.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 16, 2025, 6:16 pm

Metric	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	1,374	1,719	1,875	1,696	3,038	4,378	4,475	5,000
Expenses	1,008	1,264	1,280	991	2,265	3,508	3,371	3,862
Operating Profit	366	455	595	704	773	870	1,104	1,137
OPM %	27%	26%	32%	42%	25%	20%	25%	23%
Other Income	80	59	44	30	46	54	62	42
Interest	125	90	41	40	53	78	111	101
Depreciation	61	67	51	63	83	113	158	204
Profit before tax	259	357	547	631	684	733	896	875
Tax %	36%	36%	20%	25%	26%	25%	26%	25%
Net Profit	162	229	436	463	509	546	668	654
EPS in Rs	6.31	2.08	3.97	4.21	4.63	4.97	6.07	5.95
Dividend Payout %	0%	12%	6%	6%	5%	5%	4%	4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	41.36%	90.39%	6.19%	9.94%	7.27%	22.34%	-2.10%
Change in YoY Net Profit Growth (%)	0.00%	49.03%	-84.20%	3.74%	-2.67%	15.08%	-24.44%

Adani Total Gas Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	22%
3 Years:	18%
TTM:	15%

Compounded Profit Growth
10 Years:	%
5 Years:	9%
3 Years:	9%
TTM:	-6%

Stock Price CAGR
10 Years:	%
5 Years:	30%
3 Years:	-44%
1 Year:	-28%

Return on Equity
10 Years:	%
5 Years:	21%
3 Years:	19%
Last Year:	17%

Last Updated: Unknown

Balance Sheet

Last Updated: June 16, 2025, 12:33 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	257	110	110	110	110	110	110	110
Reserves	759	992	1,361	1,824	2,306	2,831	3,470	4,097
Borrowings	1,345	394	428	529	1,035	1,422	1,557	1,834
Other Liabilities	442	552	577	741	964	1,282	1,454	1,624
Total Liabilities	2,803	2,048	2,476	3,204	4,415	5,645	6,592	7,665
Fixed Assets	897	980	1,198	1,379	1,733	2,335	3,174	3,651
CWIP	102	190	342	696	1,171	1,619	1,502	1,872
Investments	180	176	282	417	634	682	706	811
Other Assets	1,624	701	655	711	878	1,010	1,209	1,331
Total Assets	2,803	2,048	2,476	3,204	4,415	5,645	6,592	7,665

Below is a detailed analysis of the balance sheet data for Adani Total Gas Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 110.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 110.00 Cr..
For Reserves, as of Mar 2025, the value is 4,097.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,470.00 Cr. (Mar 2024) to 4,097.00 Cr., marking an increase of 627.00 Cr..
For Borrowings, as of Mar 2025, the value is 1,834.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 1,557.00 Cr. (Mar 2024) to 1,834.00 Cr., marking an increase of 277.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 1,624.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,454.00 Cr. (Mar 2024) to 1,624.00 Cr., marking an increase of 170.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 7,665.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6,592.00 Cr. (Mar 2024) to 7,665.00 Cr., marking an increase of 1,073.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 3,651.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,174.00 Cr. (Mar 2024) to 3,651.00 Cr., marking an increase of 477.00 Cr..
For CWIP, as of Mar 2025, the value is 1,872.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,502.00 Cr. (Mar 2024) to 1,872.00 Cr., marking an increase of 370.00 Cr..
For Investments, as of Mar 2025, the value is 811.00 Cr.. The value appears strong and on an upward trend. It has increased from 706.00 Cr. (Mar 2024) to 811.00 Cr., marking an increase of 105.00 Cr..
For Other Assets, as of Mar 2025, the value is 1,331.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,209.00 Cr. (Mar 2024) to 1,331.00 Cr., marking an increase of 122.00 Cr..
For Total Assets, as of Mar 2025, the value is 7,665.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,592.00 Cr. (Mar 2024) to 7,665.00 Cr., marking an increase of 1,073.00 Cr..

Notably, the Reserves (4,097.00 Cr.) exceed the Borrowings (1,834.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	277	356	492	654	732	853	955	964
Cash from Investing Activity +	-988	791	-461	-770	-1,133	-1,167	-752	-933
Cash from Financing Activity +	779	-1,077	-102	39	422	295	-78	56
Net Cash Flow	68	70	-71	-78	21	-19	125	87

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	365.00	61.00	167.00	175.00	772.00	869.00	0.00	0.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	38	18	12	22	22	26	33	31
Inventory Days	18	15	14	25	15	11
Days Payable	57	35	28	55	31	36
Cash Conversion Cycle	-2	-2	-2	-8	6	1	33	31
Working Capital Days	52	5	-24	-128	-137	-142	-101	-67
ROCE %		24%	34%	31%	25%	21%	21%	17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	74.80%	74.80%	74.80%	74.80%	74.80%	74.80%	74.80%	74.80%	74.80%	74.80%	74.80%	74.80%
FIIs	18.16%	17.83%	17.55%	17.44%	17.25%	16.32%	14.08%	13.94%	13.06%	13.13%	12.96%	13.07%
DIIs	4.72%	5.19%	5.60%	5.82%	6.09%	6.14%	6.15%	6.15%	6.14%	6.12%	6.15%	6.13%
Public	2.32%	2.18%	2.05%	1.94%	1.85%	2.75%	4.97%	5.11%	5.98%	5.93%	6.08%	5.99%
No. of Shareholders	1,31,822	1,30,747	1,37,841	1,42,697	1,36,022	3,01,530	4,82,919	4,94,186	6,53,417	6,31,022	6,55,643	6,25,899

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India ETF Nifty Next 50 Junior BeES	289,363	0.69	29.29	289,363	2025-04-22 15:57:00	0%
ICICI Prudential Nifty Next 50 Index Fund	266,693	0.7	27	266,693	2025-04-22 15:57:01	0%
UTI Nifty Next 50 Index Fund	215,972	0.7	21.86	215,972	2025-04-22 15:57:01	0%
SBI Nifty Next 50 ETF	143,432	0.7	14.52	143,432	2025-04-22 15:57:01	0%
UTI Nifty Next 50 Exchange Traded Fund	114,669	0.7	11.61	114,669	2025-04-22 15:57:01	0%
SBI Nifty Next 50 Index Fund	45,911	0.7	4.65	45,911	2025-04-22 15:57:01	0%
HDFC NIFTY Next 50 Index Fund	31,500	0.7	3.19	31,500	2025-04-22 15:57:01	0%
ICICI Prudential Nifty Next 50 ETF	30,469	0.7	3.08	30,469	2025-04-22 15:57:01	0%
Axis Nifty 100 Index Fund	28,167	0.24	2.85	28,167	2025-04-22 15:57:01	0%
DSP Nifty Next 50 Index Fund	27,277	0.7	2.76	27,277	2025-04-22 15:57:01	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	6.07	4.97	4.63	4.21	3.97
Diluted EPS (Rs.)	6.07	4.97	4.63	4.21	3.97
Cash EPS (Rs.)	7.34	5.84	5.34	4.86	4.43
Book Value[Excl.RevalReserv]/Share (Rs.)	32.55	26.74	21.97	17.58	13.37
Book Value[Incl.RevalReserv]/Share (Rs.)	32.55	26.74	21.97	17.58	13.37
Revenue From Operations / Share (Rs.)	40.69	39.81	27.62	15.42	17.04
PBDIT / Share (Rs.)	10.44	8.24	7.41	6.81	5.81
PBIT / Share (Rs.)	9.00	7.22	6.65	6.24	5.35
PBT / Share (Rs.)	7.99	6.50	6.17	5.74	4.98
Net Profit / Share (Rs.)	5.91	4.81	4.59	4.29	3.97
NP After MI And SOA / Share (Rs.)	6.07	4.97	4.63	4.21	3.97
PBDIT Margin (%)	25.64	20.70	26.81	44.15	34.09
PBIT Margin (%)	22.12	18.12	24.08	40.46	31.39
PBT Margin (%)	19.63	16.33	22.35	37.22	29.20
Net Profit Margin (%)	14.51	12.08	16.61	27.83	23.27
NP After MI And SOA Margin (%)	14.91	12.48	16.76	27.29	23.27
Return on Networth / Equity (%)	18.64	18.58	21.08	23.93	29.66
Return on Capital Employeed (%)	20.70	22.99	24.79	28.64	31.21
Return On Assets (%)	10.12	9.68	11.53	14.44	17.61
Long Term Debt / Equity (X)	0.24	0.09	0.14	0.15	0.20
Total Debt / Equity (X)	0.41	0.46	0.41	0.22	0.24
Asset Turnover Ratio (%)	0.73	0.87	0.79	0.59	0.82
Current Ratio (X)	0.57	0.39	0.24	0.27	0.94
Quick Ratio (X)	0.51	0.34	0.19	0.21	0.87
Dividend Payout Ratio (NP) (%)	4.11	5.03	0.00	0.00	12.60
Dividend Payout Ratio (CP) (%)	3.33	4.16	0.00	0.00	11.29
Earning Retention Ratio (%)	95.89	94.97	0.00	0.00	87.40
Cash Earning Retention Ratio (%)	96.67	95.84	0.00	0.00	88.71
Interest Coverage Ratio (X)	10.30	11.56	15.45	18.50	15.57
Interest Coverage Ratio (Post Tax) (X)	6.83	7.75	10.57	13.02	11.63
Enterprise Value (Cr.)	102796.37	96374.71	237280.68	106138.10	9767.61
EV / Net Operating Revenue (X)	22.97	22.01	78.11	62.60	5.21
EV / EBITDA (X)	89.56	106.29	291.32	141.77	15.28
MarketCap / Net Operating Revenue (X)	22.75	21.78	77.79	62.35	5.07
Retention Ratios (%)	95.88	94.96	0.00	0.00	87.39
Price / BV (X)	28.43	32.43	97.81	54.67	6.46
Price / Net Operating Revenue (X)	22.75	21.78	77.79	62.35	5.07
EarningsYield	0.01	0.01	0.00	0.00	0.04

After reviewing the key financial ratios for Adani Total Gas Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 6.07. This value is within the healthy range. It has increased from 4.97 (Mar 23) to 6.07, marking an increase of 1.10.
For Diluted EPS (Rs.), as of Mar 24, the value is 6.07. This value is within the healthy range. It has increased from 4.97 (Mar 23) to 6.07, marking an increase of 1.10.
For Cash EPS (Rs.), as of Mar 24, the value is 7.34. This value is within the healthy range. It has increased from 5.84 (Mar 23) to 7.34, marking an increase of 1.50.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 32.55. It has increased from 26.74 (Mar 23) to 32.55, marking an increase of 5.81.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 32.55. It has increased from 26.74 (Mar 23) to 32.55, marking an increase of 5.81.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 40.69. It has increased from 39.81 (Mar 23) to 40.69, marking an increase of 0.88.
For PBDIT / Share (Rs.), as of Mar 24, the value is 10.44. This value is within the healthy range. It has increased from 8.24 (Mar 23) to 10.44, marking an increase of 2.20.
For PBIT / Share (Rs.), as of Mar 24, the value is 9.00. This value is within the healthy range. It has increased from 7.22 (Mar 23) to 9.00, marking an increase of 1.78.
For PBT / Share (Rs.), as of Mar 24, the value is 7.99. This value is within the healthy range. It has increased from 6.50 (Mar 23) to 7.99, marking an increase of 1.49.
For Net Profit / Share (Rs.), as of Mar 24, the value is 5.91. This value is within the healthy range. It has increased from 4.81 (Mar 23) to 5.91, marking an increase of 1.10.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 6.07. This value is within the healthy range. It has increased from 4.97 (Mar 23) to 6.07, marking an increase of 1.10.
For PBDIT Margin (%), as of Mar 24, the value is 25.64. This value is within the healthy range. It has increased from 20.70 (Mar 23) to 25.64, marking an increase of 4.94.
For PBIT Margin (%), as of Mar 24, the value is 22.12. This value exceeds the healthy maximum of 20. It has increased from 18.12 (Mar 23) to 22.12, marking an increase of 4.00.
For PBT Margin (%), as of Mar 24, the value is 19.63. This value is within the healthy range. It has increased from 16.33 (Mar 23) to 19.63, marking an increase of 3.30.
For Net Profit Margin (%), as of Mar 24, the value is 14.51. This value exceeds the healthy maximum of 10. It has increased from 12.08 (Mar 23) to 14.51, marking an increase of 2.43.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 14.91. This value is within the healthy range. It has increased from 12.48 (Mar 23) to 14.91, marking an increase of 2.43.
For Return on Networth / Equity (%), as of Mar 24, the value is 18.64. This value is within the healthy range. It has increased from 18.58 (Mar 23) to 18.64, marking an increase of 0.06.
For Return on Capital Employeed (%), as of Mar 24, the value is 20.70. This value is within the healthy range. It has decreased from 22.99 (Mar 23) to 20.70, marking a decrease of 2.29.
For Return On Assets (%), as of Mar 24, the value is 10.12. This value is within the healthy range. It has increased from 9.68 (Mar 23) to 10.12, marking an increase of 0.44.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.24. This value is within the healthy range. It has increased from 0.09 (Mar 23) to 0.24, marking an increase of 0.15.
For Total Debt / Equity (X), as of Mar 24, the value is 0.41. This value is within the healthy range. It has decreased from 0.46 (Mar 23) to 0.41, marking a decrease of 0.05.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.73. It has decreased from 0.87 (Mar 23) to 0.73, marking a decrease of 0.14.
For Current Ratio (X), as of Mar 24, the value is 0.57. This value is below the healthy minimum of 1.5. It has increased from 0.39 (Mar 23) to 0.57, marking an increase of 0.18.
For Quick Ratio (X), as of Mar 24, the value is 0.51. This value is below the healthy minimum of 1. It has increased from 0.34 (Mar 23) to 0.51, marking an increase of 0.17.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 4.11. This value is below the healthy minimum of 20. It has decreased from 5.03 (Mar 23) to 4.11, marking a decrease of 0.92.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 3.33. This value is below the healthy minimum of 20. It has decreased from 4.16 (Mar 23) to 3.33, marking a decrease of 0.83.
For Earning Retention Ratio (%), as of Mar 24, the value is 95.89. This value exceeds the healthy maximum of 70. It has increased from 94.97 (Mar 23) to 95.89, marking an increase of 0.92.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 96.67. This value exceeds the healthy maximum of 70. It has increased from 95.84 (Mar 23) to 96.67, marking an increase of 0.83.
For Interest Coverage Ratio (X), as of Mar 24, the value is 10.30. This value is within the healthy range. It has decreased from 11.56 (Mar 23) to 10.30, marking a decrease of 1.26.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 6.83. This value is within the healthy range. It has decreased from 7.75 (Mar 23) to 6.83, marking a decrease of 0.92.
For Enterprise Value (Cr.), as of Mar 24, the value is 102,796.37. It has increased from 96,374.71 (Mar 23) to 102,796.37, marking an increase of 6,421.66.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 22.97. This value exceeds the healthy maximum of 3. It has increased from 22.01 (Mar 23) to 22.97, marking an increase of 0.96.
For EV / EBITDA (X), as of Mar 24, the value is 89.56. This value exceeds the healthy maximum of 15. It has decreased from 106.29 (Mar 23) to 89.56, marking a decrease of 16.73.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 22.75. This value exceeds the healthy maximum of 3. It has increased from 21.78 (Mar 23) to 22.75, marking an increase of 0.97.
For Retention Ratios (%), as of Mar 24, the value is 95.88. This value exceeds the healthy maximum of 70. It has increased from 94.96 (Mar 23) to 95.88, marking an increase of 0.92.
For Price / BV (X), as of Mar 24, the value is 28.43. This value exceeds the healthy maximum of 3. It has decreased from 32.43 (Mar 23) to 28.43, marking a decrease of 4.00.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 22.75. This value exceeds the healthy maximum of 3. It has increased from 21.78 (Mar 23) to 22.75, marking an increase of 0.97.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Adani Total Gas Ltd as of August 16, 2025 is: 529.02

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of August 16, 2025, Adani Total Gas Ltd is Overvalued by 12.85% compared to the current share price 607.00

Intrinsic Value of Adani Total Gas Ltd as of August 16, 2025 is: 566.92

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of August 16, 2025, Adani Total Gas Ltd is Overvalued by 6.60% compared to the current share price 607.00

Last 5 Year EPS CAGR: 7.16%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 21.63%, which is a positive sign. The stock has a low average Working Capital Days of -67.75, which is a positive sign. The company has higher reserves (2,205.00 cr) compared to borrowings (1,068.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.50 cr) and profit (622.75 cr) over the years.	The stock has a high average Cash Conversion Cycle of 7.13, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Adani Total Gas Ltd:
1. Net Profit Margin: 14.51%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 20.7% (Industry Average ROCE: 19.56%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 18.64% (Industry Average ROE: 15.89%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 6.83
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.51
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 103 (Industry average Stock P/E: 32.92)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.41
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Adani Total Gas Ltd. is a Public Limited Listed company incorporated on 05/08/2005 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L40100GJ2005PLC046553 and registration number is 046553. Currently Company is involved in the business activities of Manufacture of gas; distribution of gaseous fuels through mains. Company's Total Operating Revenue is Rs. 4986.08 Cr. and Equity Capital is Rs. 109.98 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
LPG/CNG/PNG/LNG Bottling/Distribution	Adani Corporate House, Shantigram, Ahmedabad Gujarat 382421	investor.agl@adani.com http://www.adanigas.com

Management
Name	Position Held
Mr. Gautam S Adani	Chairman
Mr. Suresh Manglani	Executive Director & CEO
Mr. Pranav V Adani	Director
Dr. Sangkaran Ratnam	Director
Mr. Thibault Lesueur	Director
Mr. Shailesh Vishnubhai Haribhakti	Independent Director
Mr. Shashi Shanker	Independent Director
Ms. Gauri Trivedi	Independent Director
Mr. Bharat Vasani	Independent Director
Mr. Mukesh M Shah	Independent Director

FAQ

What is the intrinsic value of Adani Total Gas Ltd?

Adani Total Gas Ltd's intrinsic value (as of 15 August 2025) is ₹529.02 which is 12.85% lower the current market price of ₹607.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹66,797 Cr. market cap, FY2025-2026 high/low of ₹869/533, reserves of ₹4,097 Cr, and liabilities of ₹7,665 Cr.

What is the Market Cap of Adani Total Gas Ltd?

The Market Cap of Adani Total Gas Ltd is 66,797 Cr..

What is the current Stock Price of Adani Total Gas Ltd as on 15 August 2025?

The current stock price of Adani Total Gas Ltd as on 15 August 2025 is 607.

What is the High / Low of Adani Total Gas Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Adani Total Gas Ltd stocks is 869/533.

What is the Stock P/E of Adani Total Gas Ltd?

The Stock P/E of Adani Total Gas Ltd is 103.

What is the Book Value of Adani Total Gas Ltd?

The Book Value of Adani Total Gas Ltd is 38.2.

What is the Dividend Yield of Adani Total Gas Ltd?

The Dividend Yield of Adani Total Gas Ltd is 0.04 %.

What is the ROCE of Adani Total Gas Ltd?

The ROCE of Adani Total Gas Ltd is 17.5 %.

What is the ROE of Adani Total Gas Ltd?

The ROE of Adani Total Gas Ltd is 16.8 %.

What is the Face Value of Adani Total Gas Ltd?

The Face Value of Adani Total Gas Ltd is 1.00.