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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 542066 | NSE: ATGL

Fundamental Analysis of Adani Total Gas Ltd

About the Company - Adani Total Gas Ltd

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. 3037.81 Cr. and Equity Capital is Rs. 109.98 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
LPG/CNG/PNG/LNG Bottling/DistributionAdani Corporate House, Shantigram, Ahmedabad Gujarat 382421investor.agl@adani.com
http://www.adanigas.com
Management
NamePosition Held
Mr. Gautam S AdaniChairman
Mr. Suresh ManglaniExecutive Director & CEO
Mr. Friga Noy AhlemDirector
Mr. Pranav V AdaniDirector
Mr. Olivier SabrieDirector
Mr. Naresh Kumar NayyarIndependent Director
Mrs. Chandra IyengarIndependent Director
Ms. Gauri TrivediIndependent Director
Mr. Shailesh Vishnubhai HaribhaktiIndependent Director
Mr. Shashi ShankerIndependent Director

Basic Stock Data of Adani Total Gas Ltd

Last Updated: April 6, 2024, 5:47 am

Market Cap 1,08,221 Cr.
Current Price 984
High / Low1,260/522
Stock P/E181
Book Value 29.4
Dividend Yield0.03 %
ROCE20.7 %
ROE20.4 %
Face Value 1.00
PEG Ratio27.83

Competitors of Adani Total Gas Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Adani Total Gas Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales4965844946488831,0121,0421,1161,1061,1151,0561,0961,156
Expenses283380287417680881824889876926808816868
Operating Profit213205207231203131219226230189248280288
OPM %43%35%42%36%23%13%21%20%21%17%23%26%25%
Other Income9158158101031109101518
Interest1011111313151921632242731
Depreciation16171921212224273131333839
Profit before tax195191185213177104186208203136201230236
Tax %26%24%25%25%26%27%26%23%26%28%25%25%25%
Net Profit1461441431581288113816015098150173177
EPS in Rs1.331.311.301.441.160.741.261.451.370.891.371.571.61

Last Updated: May 6, 2024, 4:49 am

Adani Total Gas Ltd Quarterly Chart

Adani Total Gas Ltd Profit & Loss

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,3741,7191,8751,6963,0384,3784,372
Expenses1,0081,2641,2809912,2653,5083,425
Operating Profit366455595704773870947
OPM %27%26%32%42%25%20%22%
Other Income80594430465443
Interest125904140537889
Depreciation6167516383113132
Profit before tax259357547631684733768
Tax %36%36%20%25%26%25%
Net Profit162229436463509546571
EPS in Rs6.312.083.974.214.634.975.20
Dividend Payout %0%12%6%6%5%5%

Adani Total Gas Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)41.36%90.39%6.19%9.94%7.27%
Change in YoY Net Profit Growth (%)0.00%49.03%-84.20%3.74%-2.67%

Adani Total Gas Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:21%
3 Years:38%
TTM:2%
Compounded Profit Growth
10 Years:%
5 Years:23%
3 Years:12%
TTM:22%
Stock Price CAGR
10 Years:%
5 Years:42%
3 Years:-10%
1 Year:29%
Return on Equity
10 Years:%
5 Years:24%
3 Years:21%
Last Year:20%

Last Updated: April 6, 2024, 5:47 am

Adani Total Gas Ltd Balance Sheet

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital257110110110110110110
Reserves7599921,3611,8242,3062,8313,126
Preference Capital000000
Borrowings1,3453944285291,0351,4221,356
Other Liabilities4425525777419641,2821,350
Total Liabilities2,8032,0482,4763,2044,4155,6455,943
Fixed Assets8979801,1981,3791,7332,3352,518
CWIP1021903426961,1711,6191,641
Investments180176282417634682696
Other Assets1,6247016557118781,0101,088
Total Assets2,8032,0482,4763,2044,4155,6455,943

Adani Total Gas Ltd Reserves and Borrowings Chart

Adani Total Gas Ltd Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 277356492654732853
Cash from Investing Activity -988791-461-770-1,133-1,167
Cash from Financing Activity 779-1,077-10239422295
Net Cash Flow6870-71-7821-19

Adani Total Gas Ltd Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days38181222222233
Inventory Days18151425151113
Days Payable57352855313644
Cash Conversion Cycle-2-2-2-86-32
Working Capital Days525-12-89-59-50-52
ROCE %24%34%31%25%21%

Adani Total Gas Ltd Financial Efficiency Indicators Chart

Adani Total Gas Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%
FIIs18.72%18.89%18.16%17.83%17.55%17.44%17.25%16.32%14.08%13.94%13.06%13.13%
DIIs3.35%3.64%4.72%5.19%5.60%5.82%6.09%6.14%6.15%6.15%6.14%6.12%
Public3.13%2.67%2.32%2.18%2.05%1.94%1.85%2.75%4.97%5.11%5.98%5.93%
No. of Shareholders1,87,8691,56,1461,31,8221,30,7471,37,8411,42,6971,36,0223,01,5304,82,9194,94,1866,53,4176,31,022

Adani Total Gas Ltd Shareholding Pattern Chart

No. of Adani Total Gas Ltd Shareholders

Adani Total Gas Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India ETF Nifty Next 50 Junior BeES3133090.6222.21
ICICI Prudential Nifty Next 50 Index Fund2871660.6220.35
UTI Nifty Next 50 Index Fund2381700.6216.88
SBI Nifty Next 50 ETF1558140.6211.04
UTI Nifty Next 50 Exchange Traded Fund1304710.629.25
SBI Nifty Next 50 Index Fund485280.623.44
HDFC NIFTY Next 50 Index Fund342240.622.43
ICICI Prudential Nifty Next 50 ETF333280.622.36
DSP Nifty Next 50 Index Fund288450.622.04
Axis Nifty 100 Index Fund274130.181.94

Adani Total Gas Ltd ROCE Trend

Adani Total Gas Ltd EPS Trend

Adani Total Gas Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)4.974.634.213.972.08
Diluted EPS (Rs.)4.974.634.213.972.08
Cash EPS (Rs.)5.845.344.864.432.69
Book Value[Excl.RevalReserv]/Share (Rs.)26.7421.9717.5813.3710.02
Book Value[Incl.RevalReserv]/Share (Rs.)26.7421.9717.5813.3710.02
Revenue From Operations / Share (Rs.)39.8127.6215.4217.0415.63
PBDIT / Share (Rs.)8.247.416.815.814.92
PBIT / Share (Rs.)7.226.656.245.354.31
PBT / Share (Rs.)6.506.175.744.983.24
Net Profit / Share (Rs.)4.814.594.293.972.08
NP After MI And SOA / Share (Rs.)4.974.634.213.972.08
PBDIT Margin (%)20.7026.8144.1534.0931.49
PBIT Margin (%)18.1224.0840.4631.3927.57
PBT Margin (%)16.3322.3537.2229.2020.74
Net Profit Margin (%)12.0816.6127.8323.2713.30
NP After MI And SOA Margin (%)12.4816.7627.2923.2713.30
Return on Networth / Equity (%)18.5821.0823.9329.6620.75
Return on Capital Employeed (%)22.9924.7928.6431.2130.45
Return On Assets (%)9.6811.5314.4417.6111.16
Long Term Debt / Equity (X)0.090.140.150.200.31
Total Debt / Equity (X)0.460.410.220.240.31
Asset Turnover Ratio (%)0.870.790.590.820.70
Current Ratio (X)0.390.240.270.941.37
Quick Ratio (X)0.340.190.210.871.28
Dividend Payout Ratio (NP) (%)5.030.000.0012.600.00
Dividend Payout Ratio (CP) (%)4.160.000.0011.290.00
Earning Retention Ratio (%)94.970.000.0087.400.00
Cash Earning Retention Ratio (%)95.840.000.0088.710.00
Interest Coverage Ratio (X)11.5615.4518.5015.576.02
Interest Coverage Ratio (Post Tax) (X)7.7510.5713.0211.633.85
Enterprise Value (Cr.)96374.71237280.68106138.109767.6114356.92
EV / Net Operating Revenue (X)22.0178.1162.605.218.35
EV / EBITDA (X)106.29291.32141.7715.2826.52
MarketCap / Net Operating Revenue (X)21.7877.7962.355.078.24
Retention Ratios (%)94.960.000.0087.390.00
Price / BV (X)32.4397.8154.676.4612.86
Price / Net Operating Revenue (X)21.7877.7962.355.078.24
EarningsYield0.010.000.000.040.01

Adani Total Gas Ltd Profitability Ratios (%)

Adani Total Gas Ltd Liquidity Ratios

Adani Total Gas Ltd Liquidity Ratios (%)

Adani Total Gas Ltd Interest Coverage Ratios (X)

Adani Total Gas Ltd Valuation Ratios

Fair Value

Fair Value: ₹1,085.89

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.

Undervalued: 10.35% compared to the current price ₹984

Intrinsic Value: ₹1,156.51

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 17.53% compared to the current price ₹984

Last 5 Year EPS CAGR: 6.50%

*Investments are subject to market risks

Strength and Weakness of Adani Total Gas Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 19.29%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -29.29, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -1.29, which is a positive sign.
  4. The company has higher reserves (1,885.57 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (2.14 cr) and profit (573.43 cr) over the years.

    Should I Buy Adani Total Gas Ltd Share Now?

    • 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: 12.08%
        • 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: 22.99% (Industry Average ROCE: 0%)
        • 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%: 18.58% (Industry Average ROE: 0%)
        • 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): 7.75
        • 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: 0.34
        • 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: 181 (Industry average Stock P/E: 0)
        • 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: 0.46
        • 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: ★★★★︎☆

    FAQ

    What is the latest fair value of Adani Total Gas Ltd?

    The latest fair value of Adani Total Gas Ltd is 1085.89.

    What is the Market Cap of Adani Total Gas Ltd?

    The Market Cap of Adani Total Gas Ltd is 1,08,221 Cr..

    What is the current Stock Price of Adani Total Gas Ltd as on 17 April 2024?

    The current stock price of Adani Total Gas Ltd as on 17 April 2024 is 984.

    What is the High / Low of Adani Total Gas Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Adani Total Gas Ltd stocks is ₹1,260/522.

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

    The Stock P/E of Adani Total Gas Ltd is 181.

    What is the Book Value of Adani Total Gas Ltd?

    The Book Value of Adani Total Gas Ltd is 29.4.

    What is the Dividend Yield of Adani Total Gas Ltd?

    The Dividend Yield of Adani Total Gas Ltd is 0.03 %.

    What is the ROCE of Adani Total Gas Ltd?

    The ROCE of Adani Total Gas Ltd is 20.7 %.

    What is the ROE of Adani Total Gas Ltd?

    The ROE of Adani Total Gas Ltd is 20.4 %.

    What is the Face Value of Adani Total Gas Ltd?

    The Face Value of Adani Total Gas Ltd is 1.00.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Adani Total Gas Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE