Adani Total Gas Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Adani Total Gas Ltd?

Adani Total Gas Ltd is trading at 521.00 as of 21 April 2026, with a FY2026-2027 high of 798 and low of 454. The stock is currently near its 52-week low. Market cap stands at 57,306 Cr..

Q: Is Adani Total Gas Ltd financially healthy?

Key indicators: ROCE of 17.5 % indicates efficient capital utilization. Dividend yield is 0.05 %.

Q: Is Adani Total Gas Ltd profitable and how is the profit trend?

Adani Total Gas Ltd reported a net profit of 654 Cr in Mar 2025 on revenue of 5,000 Cr. Compared to 509 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹492.32Fairly Valued by 5.50%vs CMP ₹521.00

P/E (89.3) × ROE (16.8%) × BV (₹41.00) × DY (0.05%)

₹169.26Overvalued by 67.51%vs CMP ₹521.00

MoS: -207.8% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹515.72	22%	Fair (-1%)
Graham Number	Earnings	₹73.40	16%	Over (-85.9%)
Earnings Power	Earnings	₹30.12	13%	Over (-94.2%)
DCF	Cash Flow	₹60.04	13%	Over (-88.5%)
Net Asset Value	Assets	₹40.99	7%	Over (-92.1%)
EV/EBITDA	Enterprise	₹128.05	9%	Over (-75.4%)
Earnings Yield	Earnings	₹58.40	7%	Over (-88.8%)
ROCE Capital	Returns	₹141.39	9%	Over (-72.9%)
Revenue Multiple	Revenue	₹68.19	5%	Over (-86.9%)
Consensus (9 models)		₹169.26	100%	Overvalued

Key Drivers: Wide model spread (₹30–₹516) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 4.8%

*Investments are subject to market risks

Analyst Summary

Adani Total Gas Ltd operates in the LPG/CNG/PNG/LNG Bottling/Distribution segment, NSE: ATGL | BSE: 542066, current market price is ₹521.00, market cap is 57,306 Cr.. At a glance, stock P/E is 89.3, ROE is 16.8 %, ROCE is 17.5 %, book value is 41.0, dividend yield is 0.05 %. The latest intrinsic value estimate is ₹169.26, around 67.5% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹5,000 Cr versus the prior period change of 11.7%, while latest net profit is about ₹654 Cr with a prior-period change of -2.1%. This analysis page also carries profit and loss, shareholding pattern, ratio panels, mutual fund holdings data, which improves the depth of the template beyond a thin price-only snapshot. The 52-week range shown on this page is 798/454, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAdani 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 involve…

This summary is generated from the stock page data available for Adani Total Gas Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Adani Total Gas Ltd scores 55/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health73/100 · Strong

ROCE 17.5% GoodROE 16.8% GoodD/E 0.22 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

FII holding stable No changePromoter holding at 74.8% Stable

Earnings Quality50/100 · Moderate

OPM stable around 24% Steady

Quarterly Momentum50/100 · Moderate

Revenue (4Q): +18% YoY GrowingProfit (4Q): -4% YoY Declining

Industry Rank40/100 · Moderate

P/E 89.3 vs industry 28.3 Premium to peersROCE 17.5% vs industry 19.4% Average3Y sales CAGR: 18% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:33 am

Market Cap	57,306 Cr.
Current Price	521
Intrinsic Value	₹169.26
High / Low	798/454
Stock P/E	89.3
Book Value	41.0
Dividend Yield	0.05 %
ROCE	17.5 %
ROE	16.8 %
Face Value	1.00
PEG Ratio	18.79

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

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Adani Total Gas Ltd	57,306 Cr.	521	798/454	89.3	41.0	0.05 %	17.5 %	16.8 %	1.00
Petronet LNG Ltd	38,682 Cr.	258	326/235	10.8	137	3.88 %	26.2 %	21.4 %	10.0
Indraprastha Gas Ltd	20,744 Cr.	148	229/143	14.4	70.0	2.87 %	20.8 %	15.7 %	2.00
Mahanagar Gas Ltd	9,321 Cr.	944	1,587/900	9.64	629	3.18 %	22.9 %	17.7 %	10.0
Confidence Petroleum India Ltd	1,463 Cr.	44.0	63.7/27.0	17.3	41.4	0.23 %	9.33 %	7.24 %	1.00
Industry Average	25,503.20 Cr	383.00		28.29	183.68	2.04%	19.35%	15.77%	4.80

All Competitor Stocks of Adani Total Gas Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	1,106	1,115	1,056	1,096	1,156	1,167	1,145	1,219	1,294	1,341	1,379	1,451	1,507
Expenses	876	926	808	816	868	879	851	913	1,030	1,075	1,085	1,156	1,202
Operating Profit	230	189	248	280	288	288	295	306	265	266	293	295	305
OPM %	21%	17%	23%	26%	25%	25%	26%	25%	20%	20%	21%	20%	20%
Other Income	10	9	10	15	18	19	9	16	8	14	12	12	12
Interest	6	32	24	27	31	29	26	23	27	24	28	26	41
Depreciation	31	31	33	38	39	49	46	51	53	53	56	62	62
Profit before tax	203	136	201	230	236	229	232	247	192	204	222	219	214
Tax %	26%	28%	25%	25%	25%	27%	26%	25%	26%	24%	26%	25%	26%
Net Profit	150	98	150	173	177	168	172	186	142	155	165	163	159
EPS in Rs	1.37	0.89	1.37	1.57	1.61	1.53	1.56	1.69	1.29	1.41	1.50	1.49	1.44

Last Updated: February 6, 2026, 9:17 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 16, 2026, 11:58 am

Metric	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,374	1,719	1,875	1,696	3,038	4,378	4,475	5,000	5,678
Expenses	1,008	1,264	1,280	991	2,265	3,508	3,371	3,862	4,519
Operating Profit	366	455	595	704	773	870	1,104	1,137	1,160
OPM %	27%	26%	32%	42%	25%	20%	25%	23%	20%
Other Income	80	59	44	30	46	54	62	42	50
Interest	125	90	41	40	53	78	111	101	118
Depreciation	61	67	51	63	83	113	158	204	233
Profit before tax	259	357	547	631	684	733	896	875	859
Tax %	36%	36%	20%	25%	26%	25%	26%	25%
Net Profit	162	229	436	463	509	546	668	654	642
EPS in Rs	6.31	2.08	3.97	4.21	4.63	4.97	6.07	5.95	5.84
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:	26%
3 Years:	-45%
1 Year:	-30%

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

Last Updated: September 4, 2025, 10:10 pm

Balance Sheet

Last Updated: December 4, 2025, 12:54 am

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	257	110	110	110	110	110	110	110	110
Reserves	759	992	1,361	1,824	2,306	2,831	3,470	4,097	4,399
Borrowings	1,345	394	428	529	1,035	1,422	1,557	1,834	2,007
Other Liabilities	442	552	577	741	964	1,282	1,454	1,624	2,227
Total Liabilities	2,803	2,048	2,476	3,204	4,415	5,645	6,592	7,665	8,743
Fixed Assets	897	980	1,198	1,379	1,733	2,335	3,174	3,651	3,987
CWIP	102	190	342	696	1,171	1,619	1,502	1,872	1,834
Investments	180	176	282	417	634	682	706	811	1,460
Other Assets	1,624	701	655	711	878	1,010	1,209	1,331	1,462
Total Assets	2,803	2,048	2,476	3,204	4,415	5,645	6,592	7,665	8,743

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	137	115	51	47	-218	-323	156	23
CFO/OP	100%	105%	105%	112%	114%	116%	103%	100%

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	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
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	16.32%	14.08%	13.94%	13.06%	13.13%	12.96%	13.07%	13.06%	13.22%	13.02%	12.88%	12.81%
DIIs	6.14%	6.15%	6.15%	6.14%	6.12%	6.15%	6.13%	6.27%	6.23%	6.31%	6.23%	6.25%
Public	2.75%	4.97%	5.11%	5.98%	5.93%	6.08%	5.99%	5.85%	5.74%	5.87%	6.07%	6.14%
No. of Shareholders	3,01,530	4,82,919	4,94,186	6,53,417	6,31,022	6,55,643	6,25,899	6,43,039	6,41,091	6,32,842	6,34,539	6,18,119

Shareholding Pattern Chart

No. of Shareholders

Adani Total Gas Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund	9,219	0.19	0.49	9,063	2026-02-22 01:24:28	1.72%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	5.95	6.07	4.97	4.63	4.21
Diluted EPS (Rs.)	5.95	6.07	4.97	4.63	4.21
Cash EPS (Rs.)	7.66	7.34	5.84	5.34	4.86
Book Value[Excl.RevalReserv]/Share (Rs.)	38.25	32.55	26.74	21.97	17.58
Book Value[Incl.RevalReserv]/Share (Rs.)	38.25	32.55	26.74	21.97	17.58
Revenue From Operations / Share (Rs.)	45.46	40.69	39.81	27.62	15.42
PBDIT / Share (Rs.)	10.58	10.44	8.24	7.41	6.81
PBIT / Share (Rs.)	8.73	9.00	7.22	6.65	6.24
PBT / Share (Rs.)	7.82	7.99	6.50	6.17	5.74
Net Profit / Share (Rs.)	5.81	5.91	4.81	4.59	4.29
NP After MI And SOA / Share (Rs.)	5.95	6.07	4.97	4.63	4.21
PBDIT Margin (%)	23.28	25.64	20.70	26.81	44.15
PBIT Margin (%)	19.20	22.12	18.12	24.08	40.46
PBT Margin (%)	17.19	19.63	16.33	22.35	37.22
Net Profit Margin (%)	12.78	14.51	12.08	16.61	27.83
NP After MI And SOA Margin (%)	13.08	14.91	12.48	16.76	27.29
Return on Networth / Equity (%)	15.55	18.64	18.58	21.08	23.93
Return on Capital Employeed (%)	15.67	20.70	22.99	24.79	28.64
Return On Assets (%)	8.53	10.12	9.68	11.53	14.44
Long Term Debt / Equity (X)	0.36	0.24	0.09	0.14	0.15
Total Debt / Equity (X)	0.41	0.41	0.46	0.41	0.22
Asset Turnover Ratio (%)	0.70	0.73	0.87	0.79	0.59
Current Ratio (X)	0.72	0.57	0.39	0.24	0.27
Quick Ratio (X)	0.65	0.51	0.34	0.19	0.21
Inventory Turnover Ratio (X)	46.55	47.07	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	4.20	4.11	5.03	0.00	0.00
Dividend Payout Ratio (CP) (%)	3.20	3.33	4.16	0.00	0.00
Earning Retention Ratio (%)	95.80	95.89	94.97	0.00	0.00
Cash Earning Retention Ratio (%)	96.80	96.67	95.84	0.00	0.00
Interest Coverage Ratio (X)	11.57	10.30	11.56	15.45	18.50
Interest Coverage Ratio (Post Tax) (X)	7.35	6.83	7.75	10.57	13.02
Enterprise Value (Cr.)	67452.41	102796.37	96374.71	237280.68	106138.10
EV / Net Operating Revenue (X)	13.49	22.97	22.01	78.11	62.60
EV / EBITDA (X)	57.95	89.56	106.29	291.32	141.77
MarketCap / Net Operating Revenue (X)	13.24	22.75	21.78	77.79	62.35
Retention Ratios (%)	95.79	95.88	94.96	0.00	0.00
Price / BV (X)	15.73	28.43	32.43	97.81	54.67
Price / Net Operating Revenue (X)	13.24	22.75	21.78	77.79	62.35
EarningsYield	0.01	0.01	0.01	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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	Contact not found

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 and is it undervalued?

As of 21 April 2026, Adani Total Gas Ltd's intrinsic value is ₹169.26, which is 67.51% lower than the current market price of ₹521.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (16.8 %), book value (₹41.0), dividend yield (0.05 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Adani Total Gas Ltd?

Adani Total Gas Ltd is trading at ₹521.00 as of 21 April 2026, with a FY2026-2027 high of ₹798 and low of ₹454. The stock is currently near its 52-week low. Market cap stands at ₹57,306 Cr..

How does Adani Total Gas Ltd's P/E ratio compare to its industry?

Adani Total Gas Ltd has a P/E ratio of 89.3, which is above the industry average of 28.29. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Adani Total Gas Ltd financially healthy?

Key indicators for Adani Total Gas Ltd: ROCE of 17.5 % indicates efficient capital utilization; ROE of 16.8 % shows strong shareholder returns. Dividend yield is 0.05 %.

Is Adani Total Gas Ltd profitable and how is the profit trend?

Adani Total Gas Ltd reported a net profit of ₹654 Cr in Mar 2025 on revenue of ₹5,000 Cr. Compared to ₹509 Cr in Mar 2022, the net profit shows an improving trend.

Does Adani Total Gas Ltd pay dividends?

Adani Total Gas Ltd has a dividend yield of 0.05 % at the current price of ₹521.00. The company pays dividends, though the yield is modest.