MarketFriction

Adani Total Gas Ltd

NSE ATGL · BSE 542066 · LPG/CNG/PNG/LNG Supplier
₹583.05 -1.83%
NSE close2026-10-01
52 week range462.80 - 859.85
Market cap₹64,713 Cr.
P/E106
Results 22-10 Nifty 200Nifty 500Nifty Midcap 100Midcap 150Nifty EnergyNifty Oil & Gas Price band 20% Delivery 28.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,0951,1551,1661,1441,2161,2911,3361,3721,4441,4991,5491,743
Expenses8158678778479091,0261,0711,0801,1511,1961,2491,476
Operating Profit279288289296307264265292293303299268
OPM %26%25%25%26%25%20%20%21%20%20%19%15%
Other Income101316126899991013
Interest273129262327242826413539
Depreciation373849455052525459606064
Profit before tax225231227237240193198219217212214178
Tax %25%26%27%25%26%26%25%26%26%26%27%25%
Net Profit168172165177178143149162162157156133
EPS in Rs1.531.571.501.611.621.301.361.471.471.431.421.21
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,1291,0871,3741,7191,8751,6963,0384,3784,4724,9865,8646,235
Expenses9218091,0081,2641,2809912,2653,5083,3683,8494,6755,072
Operating Profit2082783664555957047738701,1041,1371,1881,163
OPM %18%26%27%26%32%42%25%20%25%23%20%19%
Other Income26-2280594430423747303742
Interest43441259041405379111100129141
Depreciation52566167516383113157198233243
Profit before tax138156259357547631679716882868863822
Tax %41%35%36%36%20%25%26%26%26%25%26%
Net Profit81101165229436472505530653648637608
EPS in Rs3.173.946.412.083.974.294.594.825.945.895.795.53
Dividend Payout %54%0%0%12%6%6%5%5%4%4%4%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth18%28%10%20%
Compounded Profit Growth22%6%6%-4%
Stock Price CAGR%-16%-1%-6%
Return on Equity20%18%17%14%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital257257257110110110110110110110110
Reserves3574587691,0021,3701,8422,3202,8283,4534,0754,714
Borrowings4755491,3453944285291,0351,4201,5551,8312,252
Other Liabilities3453964425525777419641,2781,4061,5832,368
Total Liabilities1,4341,6602,8122,0582,4863,2224,4295,6366,5247,5999,444
Fixed Assets7578328979801,1981,3791,7332,3293,0903,5154,102
CWIP157871021903426961,1711,6121,4761,8031,919
Investments49911891862914366486837049931,928
Other Assets4716511,6247016557118781,0131,2541,2881,495
Total Assets1,4341,6602,8122,0582,4863,2224,4295,6366,5247,5999,444
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2552582773564926547328469719801,150
Cash from Investing Activity-413-303-988791-461-770-1,133-1,163-769-956-1,231
Cash from Financing Activity3950779-1,077-10239422295-7758117
Net Cash Flow-11856870-71-7821-221248336
Free Cash Flow1681341371155147-218-312227145247
CFO/OP141%110%100%105%105%112%114%115%105%101%111%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1319381812222226333126
Inventory Days1921191514251511
Days Payable2228633528553136
Cash Conversion Cycle1011-6-2-2-861333126
Working Capital Days-995525-24-128-137-142-98-65-97
ROCE %22%21%24%34%31%25%20%21%17%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%74.80%
FIIs13.94%13.06%13.13%12.96%13.07%13.06%13.22%13.02%12.88%12.81%12.75%12.77%
DIIs6.15%6.14%6.12%6.15%6.13%6.27%6.23%6.31%6.23%6.25%6.26%6.34%
Public5.11%5.98%5.93%6.08%5.99%5.85%5.74%5.87%6.07%6.14%6.18%6.07%
No. of Shareholders4,94,1866,53,4176,31,0226,55,6436,25,8996,43,0396,41,0916,32,8426,34,5396,18,1196,36,1495,96,758

Fundamentals

Market Cap₹ 64,713 Cr.
Current Price₹ 588
Stock P/E106
Book Value₹ 43.9
ROCE15.1 %
ROE14.1 %
Dividend Yield0.04 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)-4%
Standalone figures.
Valuation
Market capRs 64,124 Cr
Enterprise valueRs 65,873 Cr
P/E (TTM)105.51x
Price to book13.29x
Price to sales10.28x
EV / EBITDA54.64x
EV / EBIT68.43x
EV / sales10.56x
Price to cash flow55.76x
Earnings yield0.95%
Dividend yield0.04%
P/E, 3-year average115.45x
P/B, 3-year average18.69x
P/E, 5-year average199.00x
P/B, 5-year average37.17x
Profitability
Operating margin (excl. other income)20.26%
Operating margin (incl. other income)20.90%
EBITDA margin19.33%
Pre-tax margin13.18%
Net profit margin9.75%
Net margin, latest quarter7.63%
ROE14.14%
ROCE15.16%
ROA7.47%
ROE, 3-year average16.99%
ROCE, 3-year average17.84%
ROA, 3-year average9.13%
ROE, 5-year average18.75%
ROCE, 5-year average19.69%
ROA, 5-year average10.22%
ROIC (approx.)10.81%
Tax rate26.21%
Other income / net worth0.77%
Growth
Sales growth (latest year)17.60%
Profit growth (latest year)-1.72%
Sales CAGR, 3 years10.23%
Sales CAGR, 5 years28.16%
Profit CAGR, 3 years6.33%
Profit CAGR, 5 years6.18%
Sales growth QoQ12.59%
Profit growth QoQ-14.64%
Sales growth YoY (latest quarter)27.10%
Profit growth YoY (latest quarter)-17.97%
Per share
EPS (TTM)Rs 5.53
EPS (latest year)Rs 5.79
EPS (latest quarter)Rs 1.21
EPS, 3-year averageRs 5.87
EPS, 5-year averageRs 5.41
Book value per shareRs 43.86
Sales per shareRs 56.69
Cash flow per shareRs 10.46
Free cash flow per shareRs 2.25
Dividend per share (latest year)Rs 0.25
Dividend per share, 3-year averageRs 0.25
Dividend per share, 5-year averageRs 0.25
Dividends
Dividend payout4.32%
Dividend payout, 3-year average4.26%
Dividend payout, 5-year average4.68%
Efficiency
Asset turnover0.62x
Fixed asset turnover1.43x
Inventory turnover39.88x
Inventory days9 days
Debtor days26 days
Debtors turnover14.24x
Creditor days36 days
Cash conversion cycle26 days
Working capital days-97 days
Leverage
Total debtRs 2,252 Cr
Cash and bankRs 503 Cr
Net debtRs 1,749 Cr
Debt to equity0.47x
Net debt / EBITDA1.45x
Interest coverage6.85x
Current ratio (filing 2026-03-31)0.64x
Quick ratio (filing 2026-03-31)0.59x
Trade payables (filing 2026-03-31)Rs 369 Cr
Owners' fund to total sources51.08%
Debt to assets23.84%
Cash flow
Cash from Operating Activity (latest year)Rs 1,150 Cr
Cash from Investing Activity (latest year)Rs -1,231 Cr
Cash from Financing Activity (latest year)Rs 117 Cr
Net Cash Flow (latest year)Rs 36 Cr
Free cash flow (latest year)Rs 247 Cr
FCFE (approx.: FCF + change in debt)Rs 668 Cr
Cash from ops / profit, 5 years1.57x
Sales to cash flow5.10x
Statement figures
Net sales (TTM)Rs 6,235 Cr
Net sales (latest year)Rs 5,864 Cr
Sales (latest quarter)Rs 1,743 Cr
Operating profit excl. other income (latest year)Rs 1,188 Cr
Operating profit (latest quarter)Rs 268 Cr
Other income (TTM)Rs 42 Cr
EBITDA (TTM)Rs 1,206 Cr
PBDT (TTM)Rs 1,065 Cr
Profit before tax (TTM)Rs 822 Cr
Tax (latest year)Rs 226 Cr
Net profit (TTM)Rs 608 Cr
Net profit (latest year)Rs 637 Cr
Net profit (latest quarter)Rs 133 Cr
Depreciation (TTM)Rs 243 Cr
Depreciation (latest quarter)Rs 64 Cr
Interest (TTM)Rs 141 Cr
Cost of goods sold (latest year)Rs 4,323 Cr
Total expenditure (latest year)Rs 4,675 Cr
Total income (latest year)Rs 5,901 Cr
Share capitalRs 110 Cr
ReservesRs 4,714 Cr
Shareholders' fundsRs 4,824 Cr
Total assetsRs 9,444 Cr
Net blockRs 4,102 Cr
Capital work in progressRs 1,919 Cr
InvestmentsRs 1,928 Cr
ReceivablesRs 412 Cr
InventoryRs 108 Cr
Other liabilitiesRs 2,368 Cr
Shares outstanding (crore)109.98
Ownership
Promoter holding74.80% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 105.5 is at the 42th percentile of its own 6.9-year range (median 110.2, low 38.5, high 372.8).
P/B 13.29 is at the 12th percentile (median 22.17).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodATGLNifty 50Difference
1 week-4.8%-2.8% -2.0 pts
1 month-5.0%-6.8% +1.8 pts
3 months-19.2%-7.6% -11.6 pts
6 months+14.3%+0.4% +13.9 pts
1 year-13.2%-9.9% -3.3 pts
2 years-30.2%-13.6% -16.6 pts
3 years-4.9%+14.2% -19.1 pts
5 years-59.0%+27.9% -86.9 pts
51 mutual fund schemes hold about ₹88 Cr. Over three months 6 bought more and 3 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Midcap 150 Index Fund0.40%17 +1%
Edelweiss Nifty Midcap150 Momentum 50 Index Fund0.67%12 +2%
Nippon India Nifty Midcap 150 Index Fund0.41%12 -0%
Tata Nifty Midcap 150 Momentum 50 Index Fund0.67%8 +1%
ICICI Pru Nifty Midcap 150 Index Fund0.40%5 +0%
SBI Nifty Midcap 150 Index Fund0.40%5 +1%
Zerodha Nifty LargeMidcap 250 Index Fund0.20%3 +2%
Kotak NIFTY Midcap 150 Momentum 50 Index Fund0.67%3 +2%
HDFC NIFTY Midcap 150 Index Fund0.40%3 +1%
Motilal Oswal Nifty 500 Index Fund0.09%3 +3%
Aditya Birla SL Nifty Midcap 150 Index Fund0.40%2 +1%
Axis Nifty Energy Index Fund1.87%2 +100%
Navi Nifty Midcap 150 Index Fund0.40%2 +1%
Tata Nifty Midcap 150 Index Fund0.41%1 +1%
JioBlackRock Nifty Midcap 150 Index Fund0.40%1 +1%
HDFC Nifty LargeMidcap 250 Index Fund0.20%1 +2%
Nippon India Nifty 500 Equal Weight Index Fund0.17%1 +4%
UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund0.59%1 +2%
Edelweiss NIFTY Large Mid Cap 250 Index Fund0.20%1 +2%
SBI Nifty 500 Index Fund0.09%1 +3%
ICICI Pru Nifty LargeMidcap 250 Index Fund0.20%1 +2%
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund0.20%1 +2%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.10%1 +2%
Bandhan Nifty Midcap 150 Index Fund0.40%0 +0%
UTI Nifty Midcap 150 Index Fund0.40%0 -0%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2022-09-09Harleen KaurImmediate relativesell1,150Rs 0.42 CrMarket Sale
2022-09-09Nikhil BhatiaImmediate relativesell700Rs 0.25 CrMarket Sale
2022-09-09Vidya Ratan BhatiaImmediate relativesell750Rs 0.27 CrMarket Sale
2022-09-02Arvind RavalImmediate relativesell401Rs 0.15 CrMarket Sale
2022-08-22Virendra ShahImmediate relativesell3,339Rs 1.14 CrMarket Sale
2022-03-29Vidya Ratan BhatiaImmediate relativesell450Rs 0.09 CrMarket Sale
2022-03-29Keerti SharmaImmediate relativesell2,200Rs 0.44 CrMarket Sale
2022-03-28Pratibha Arvind RavalImmediate relativesell2,000Rs 0.35 CrMarket Sale
2022-03-16Kumkum Ram Ballabha SinghImmediate relativesell900Rs 0.15 CrMarket Sale
2021-12-31Pratibha Arvind RavalImmediate relativesell2,100Rs 0.37 CrMarket Sale
2021-12-31Ram Ballabha SinghEmployees/Designated Employesell4,325Rs 0.74 CrMarket Sale
2021-09-29Ina Preyash JhaveriImmediate relativesell1,225Rs 0.17 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹1,743 Cr +27.0% vs Jun 2025. Net profit ₹133 Cr -17.9%.

Activity

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Confidence Petroleum India Ltd2,89821.59.23 %
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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-12Dividend - Rs 0.25 Per Share
2025-06-13Dividend - Re 0.25 Per Share
2024-06-14Dividend - Re 0.25 Per Share
2023-07-07Dividend - Re 0.25 Per Share
2022-07-14Dividend - Rs 0.25 Per Share
2021-06-24 Dividend - Rs 0.25 Per Share
2020-06-17 Annual General Meeting
2020-03-26 Interim Dividend - Rs 0.25 Per Share
2019-07-26 Annual General Meeting/Dividend - Rs 0.25 Per Share
DateTypeWhat it says
2026-09-23General UpdatesChange in Senior Management Personnel of the Company
2026-09-22General UpdatesUpdates under Regulation 30 (LODR)
2026-09-03Change in ManagementChange in Management - Appointment of Mr. Preyash Jhaveri as Chief Financial Officer and Key Managerial Personnel w.e.f. September 3, 2026
2026-08-14Concall / analyst meetSchedule of meet
2026-08-11General UpdatesESG Rating by NSE Sustainability Ratings & Analytics Limited
2026-08-07Credit RatingCredit Rating
2026-07-31Credit RatingCredit Rating
2026-07-28Concall / analyst meetTranscript
2026-07-22Concall / analyst meetLink of Recording
2026-07-21Press ReleaseA press release dated July 21, 2026, titled "Adani Total Gas Q1FY27 Results" alongwith presentation on performance highlights for the quarter ended Ju...
2026-07-21Board meeting outcomeAdani Total Gas Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-08Concall / analyst meetSchedule of Investor call to be held on July 22, 2026 for the financial results for the quarter ended June 30, 2026.
2026-07-03General UpdatesGeneral Updates - ESG Rating by Crisil ESG Rating & Analytics Limited
2026-06-27General UpdatesGeneral Updates -ESG Rating by CARE ESG Ratings Limited
2026-06-26Shareholder meetingVoting results.
2026-06-25Shareholder meetingProceedings of Annual General Meeting held on Jun 25, 2026
2026-06-24General UpdatesGeneral Updates - ESG Rating
2026-05-29UpdatesBusiness Responsibility and Sustainability Report for the Financial Year ended March 31, 2026.
2026-05-29Shareholder meetingNotice of Annual General Meeting to be held on Jun 25, 2026
2026-05-29Price movementSignificant movement in price has been observed in Adani Total Gas Limited. The Exchange, in order to ensure that investors have latest relevant infor...
2026-05-29Price movementSignificant movement in price has been observed in Adani Total Gas Limited. The Exchange, in order to ensure that investors have latest relevant infor...
2026-05-21Change in ManagementChange in Management - Redesignation of Mr. Suresh P Manglani from Executive Director and Chief Executive Officer to Executive Director w.e.f. closur...
2026-05-15Disclosure under SEBI TakeovAdani Total Gas Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subst...
2026-05-06Shareholder meetingProceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
2026-05-05Concall / analyst meetTranscript
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-03-13NCLATAdani Gas Limited (AGL) VS Competition Commission of India & Anr.
2020-03-05NCLATAdani Gas Limited (AGL) VS Competition Commission of India & Anr.
2019-12-16NCLATAdani Gas Limited (AGL) VS Competition Commission of India & Anr.
2019-09-30NCLATAdani Gas Limited (AGL) VS Competition Commission of India & Anr.
2019-09-20NCLATAdani Gas Limited (AGL) VS Competition Commission of India & Anr.
2019-09-02NCLATAdani Gas Limited (AGL) VS Competition Commission of India & Anr.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03