Adani Total Gas Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 24, 2025, 10:04 pm

Market Cap	68,683 Cr.
Current Price	625
High / Low	1,198/533
Stock P/E	103
Book Value	35.6
Dividend Yield	0.04 %
ROCE	21.2 %
ROE	20.5 %
Face Value	1.00
PEG Ratio	13.57

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	46,935 Cr.	313	385/253	13.1	123	3.20 %	26.4 %	22.2 %	10.0
Mahanagar Gas Ltd	13,081 Cr.	1,324	1,989/1,075	12.4	560	2.27 %	36.6 %	27.8 %	10.0
Indraprastha Gas Ltd	25,999 Cr.	185	285/153	17.3	67.0	2.43 %	28.8 %	21.8 %	2.00
Confidence Petroleum India Ltd	1,852 Cr.	56.0	98.5/44.8	26.8	38.8	0.18 %	13.5 %	10.2 %	1.00
Adani Total Gas Ltd	68,683 Cr.	625	1,198/533	103	35.6	0.04 %	21.2 %	20.5 %	1.00
Industry Average	31,310.00 Cr	500.60		34.52	164.88	1.62%	25.30%	20.50%	4.80

All Competitor Stocks of Adani Total Gas Ltd

Quarterly Result

Metric	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	494	648	883	1,012	1,042	1,116	1,106	1,115	1,056	1,096	1,156	1,167	1,145
Expenses	287	417	680	881	824	889	876	926	808	816	868	879	851
Operating Profit	207	231	203	131	219	226	230	189	248	280	288	288	295
OPM %	42%	36%	23%	13%	21%	20%	21%	17%	23%	26%	25%	25%	26%
Other Income	8	15	8	10	10	31	10	9	10	15	18	19	9
Interest	11	13	13	15	19	21	6	32	24	27	31	29	26
Depreciation	19	21	21	22	24	27	31	31	33	38	39	49	46
Profit before tax	185	213	177	104	186	208	203	136	201	230	236	229	232
Tax %	25%	25%	26%	27%	26%	23%	26%	28%	25%	25%	25%	27%	26%
Net Profit	143	158	128	81	138	160	150	98	150	173	177	168	172
EPS in Rs	1.30	1.44	1.16	0.74	1.26	1.45	1.37	0.89	1.37	1.57	1.61	1.53	1.56

Last Updated: Unknown

Below is a detailed analysis of the quarterly data for Adani Total Gas Ltd based on the most recent figures (Jun 2024) and their trends compared to the previous period:

For Sales, as of Jun 2024, the value is 1,145.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,167.00 Cr. (Mar 2024) to 1,145.00 Cr., marking a decrease of 22.00 Cr..
For Expenses, as of Jun 2024, the value is 851.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 879.00 Cr. (Mar 2024) to 851.00 Cr., marking a decrease of 28.00 Cr..
For Operating Profit, as of Jun 2024, the value is 295.00 Cr.. The value appears strong and on an upward trend. It has increased from 288.00 Cr. (Mar 2024) to 295.00 Cr., marking an increase of 7.00 Cr..
For OPM %, as of Jun 2024, the value is 26.00%. The value appears strong and on an upward trend. It has increased from 25.00% (Mar 2024) to 26.00%, marking an increase of 1.00%.
For Other Income, as of Jun 2024, the value is 9.00 Cr.. The value appears to be declining and may need further review. It has decreased from 19.00 Cr. (Mar 2024) to 9.00 Cr., marking a decrease of 10.00 Cr..
For Interest, as of Jun 2024, the value is 26.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 29.00 Cr. (Mar 2024) to 26.00 Cr., marking a decrease of 3.00 Cr..
For Depreciation, as of Jun 2024, the value is 46.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 49.00 Cr. (Mar 2024) to 46.00 Cr., marking a decrease of 3.00 Cr..
For Profit before tax, as of Jun 2024, the value is 232.00 Cr.. The value appears strong and on an upward trend. It has increased from 229.00 Cr. (Mar 2024) to 232.00 Cr., marking an increase of 3.00 Cr..
For Tax %, as of Jun 2024, the value is 26.00%. The value appears to be improving (decreasing) as expected. It has decreased from 27.00% (Mar 2024) to 26.00%, marking a decrease of 1.00%.
For Net Profit, as of Jun 2024, the value is 172.00 Cr.. The value appears strong and on an upward trend. It has increased from 168.00 Cr. (Mar 2024) to 172.00 Cr., marking an increase of 4.00 Cr..
For EPS in Rs, as of Jun 2024, the value is 1.56. The value appears strong and on an upward trend. It has increased from 1.53 (Mar 2024) to 1.56, marking an increase of 0.03.

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: March 7, 2025, 9:24 pm

Metric	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,374	1,719	1,875	1,696	3,038	4,378	4,475	4,826
Expenses	1,008	1,264	1,280	991	2,265	3,508	3,371	3,672
Operating Profit	366	455	595	704	773	870	1,104	1,153
OPM %	27%	26%	32%	42%	25%	20%	25%	24%
Other Income	80	59	44	30	46	54	62	52
Interest	125	90	41	40	53	78	111	106
Depreciation	61	67	51	63	83	113	158	199
Profit before tax	259	357	547	631	684	733	896	900
Tax %	36%	36%	20%	25%	26%	25%	26%
Net Profit	162	229	436	463	509	546	668	668
EPS in Rs	6.31	2.08	3.97	4.21	4.63	4.97	6.07	6.07
Dividend Payout %	-0%	12%	6%	6%	5%	5%	4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

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

Adani Total Gas Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	21%
3 Years:	38%
TTM:	9%

Compounded Profit Growth
10 Years:	%
5 Years:	23%
3 Years:	12%
TTM:	12%

Stock Price CAGR
10 Years:	%
5 Years:	44%
3 Years:	-38%
1 Year:	-35%

Return on Equity
10 Years:	%
5 Years:	24%
3 Years:	21%
Last Year:	20%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:47 am

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	257	110	110	110	110	110	110	110
Reserves	759	992	1,361	1,824	2,306	2,831	3,470	3,801
Borrowings	1,345	394	428	529	1,035	1,422	1,557	1,457
Other Liabilities	442	552	577	741	964	1,282	1,454	1,474
Total Liabilities	2,803	2,048	2,476	3,204	4,415	5,645	6,592	6,842
Fixed Assets	897	980	1,198	1,379	1,733	2,335	3,174	3,421
CWIP	102	190	342	696	1,171	1,619	1,502	1,527
Investments	180	176	282	417	634	682	706	922
Other Assets	1,624	701	655	711	878	1,010	1,209	974
Total Assets	2,803	2,048	2,476	3,204	4,415	5,645	6,592	6,842

Below is a detailed analysis of the balance sheet data for Adani Total Gas Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, 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 Sep 2024, the value is ₹3,801.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,470.00 Cr. (Mar 2024) to ₹3,801.00 Cr., marking an increase of 331.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹1,457.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 1,557.00 Cr. (Mar 2024) to ₹1,457.00 Cr., marking a decrease of 100.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹1,474.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,454.00 Cr. (Mar 2024) to ₹1,474.00 Cr., marking an increase of 20.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹6,842.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6,592.00 Cr. (Mar 2024) to ₹6,842.00 Cr., marking an increase of 250.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹3,421.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,174.00 Cr. (Mar 2024) to ₹3,421.00 Cr., marking an increase of 247.00 Cr..
For CWIP, as of Sep 2024, the value is ₹1,527.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,502.00 Cr. (Mar 2024) to ₹1,527.00 Cr., marking an increase of 25.00 Cr..
For Investments, as of Sep 2024, the value is ₹922.00 Cr.. The value appears strong and on an upward trend. It has increased from 706.00 Cr. (Mar 2024) to ₹922.00 Cr., marking an increase of 216.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹974.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,209.00 Cr. (Mar 2024) to ₹974.00 Cr., marking a decrease of 235.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹6,842.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,592.00 Cr. (Mar 2024) to ₹6,842.00 Cr., marking an increase of 250.00 Cr..

Notably, the Reserves (3,801.00 Cr.) exceed the Borrowings (1,457.00 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
Cash from Operating Activity +	277	356	492	654	732	853	955
Cash from Investing Activity +	-988	791	-461	-770	-1,133	-1,167	-752
Cash from Financing Activity +	779	-1,077	-102	39	422	295	-78
Net Cash Flow	68	70	-71	-78	21	-19	125

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	365.00	61.00	167.00	175.00	772.00	869.00	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
Debtor Days	38	18	12	22	22	26	33
Inventory Days	18	15	14	25	15	11	13
Days Payable	57	35	28	55	31	36	44
Cash Conversion Cycle	-2	-2	-2	-8	6	1	2
Working Capital Days	52	5	-12	-89	-59	-50	-52
ROCE %		24%	34%	31%	25%	21%	21%

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 April 25, 2025 is: 601.60

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 April 25, 2025, Adani Total Gas Ltd is Overvalued by 3.74% compared to the current share price 625.00

Intrinsic Value of Adani Total Gas Ltd as of April 25, 2025 is: 647.28

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 April 25, 2025, Adani Total Gas Ltd is Undervalued by 3.56% compared to the current share price 625.00

Last 5 Year EPS CAGR: 7.59%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 22.29%, which is a positive sign. The stock has a low average Working Capital Days of -29.29, which is a positive sign. The stock has a low average Cash Conversion Cycle of -0.71, which is a positive sign. The company has higher reserves (2,168.00 cr) compared to borrowings (1,020.88 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.38 cr) and profit (625.88 cr) over the years.

Strength

Weakness

The stock has a high average ROCE of 22.29%, which is a positive sign.
The stock has a low average Working Capital Days of -29.29, which is a positive sign.
The stock has a low average Cash Conversion Cycle of -0.71, which is a positive sign.
The company has higher reserves (2,168.00 cr) compared to borrowings (1,020.88 cr), indicating strong financial stability.
The company has shown consistent growth in sales (2.38 cr) and profit (625.88 cr) over the years.

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: 25.3%)
  - 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: 20.5%)
  - 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: 34.52)
  - 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. 4471.73 Cr. and Equity Capital is Rs. 109.98 Cr. for the Year ended 31/03/2024.

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
Mr. Olivier Sabrie	Director
Dr. Sangkaran Ratnam	Director
Mr. Shailesh Vishnubhai Haribhakti	Independent Director
Mr. Naresh Kumar Nayyar	Independent Director
Mr. Shashi Shanker	Independent Director
Ms. Gauri Trivedi	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 24 April 2025) is ₹601.60 — 3.74% lower the current market price of 625.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 68,683 Cr. market cap, FY2025-2026 high/low of ₹1,198/533, reserves of 3,801 Cr, and liabilities of 6,842 Cr.

What is the Market Cap of Adani Total Gas Ltd?

The Market Cap of Adani Total Gas Ltd is 68,683 Cr..

What is the current Stock Price of Adani Total Gas Ltd as on 24 April 2025?

The current stock price of Adani Total Gas Ltd as on 24 April 2025 is 625.

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 ₹1,198/533.

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 35.6.

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 21.2 %.

What is the ROE of Adani Total Gas Ltd?

The ROE of Adani Total Gas Ltd is 20.5 %.

What is the Face Value of Adani Total Gas Ltd?

The Face Value of Adani Total Gas Ltd is 1.00.