Adani Total Gas Ltd (ATGL) is a joint venture between Adani Group and TotalEnergies. It is one of the largest city gas distribution (CGD) companies in India. The company has a strong presence in Gujarat, Haryana, Uttar Pradesh, and Madhya Pradesh. ATGL is engaged in the development of CGD networks to supply Piped Natural Gas (PNG) to industrial, commercial, and domestic customers. It also supplies Compressed Natural Gas (CNG) to the transport sector.
Adani Total Gas Ltd Overview
| Key Financial Indicators | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue (INR Cr) | 4,683 | 3,206 | 1,784 |
| EBITDA (INR Cr) | 1,413 | 953 | 472 |
| PAT (INR Cr) | 529 | 505 | 472 |
| Total Gas Volume (MMSCM) | 753.0 | 696.7 | 515.1 |
| CNG Sales Volume (MMSCM) | 369.6 | 311.0 | 219.4 |
| PNG Sales Volume (MMSCM) | 383.4 | 385.7 | 295.7 |
| Number of CNG Stations | 1,885 | 1,567 | 1,325 |
| Number of PNG Customers | 7.00 Lakh | 5.80 Lakh | 4.80 Lakh |
Adani Total Gas Ltd Products
| Product | Description |
|---|---|
| Piped Natural Gas (PNG) | A clean, efficient, and safe fuel for domestic, commercial, and industrial use. PNG is supplied through a network of underground pipes and is delivered directly to homes and businesses. |
| Compressed Natural Gas (CNG) | A clean, efficient, and safe alternative to gasoline and diesel for transportation. CNG is stored in compressed form in cylinders or tanks and is dispensed at CNG stations. |
| Liquefied Natural Gas (LNG) | A clean, efficient, and safe fuel that is transported in a liquid state. LNG is stored in cryogenic storage tanks and is used in a variety of applications, including power generation, transportation, and industrial use. |
| Bio-CNG | A renewable and sustainable alternative to CNG. Bio-CNG is produced from organic waste materials, such as food scraps, agricultural waste, and manure. |
Adani Total Gas Ltd Awards and Recognition
| Year | Award | Organization |
|---|---|---|
| 2023 | Good Corporate Citizen Award | PHD Chamber of Commerce and Industry (PHDCCI) |
| 2023 | DJSI rating | S&P Global |
| 2022 | Vivekananda Sustainability Award | Vivekananda Youth Connect Foundation |
| 2019 | Golden Peacock Award for HR Excellence | Institute of Directors (IOD) India |
Adani Total Gas Ltd Fundamentals
| Financial Indicator | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue (INR Cr) | 4,683 | 3,206 | 1,784 |
| EBITDA (INR Cr) | 1,413 | 953 | 472 |
| PAT (INR Cr) | 529 | 505 | 472 |
| Total Gas Volume (MMSCM) | 753.0 | 696.7 | 515.1 |
| CNG Sales Volume (MMSCM) | 369.6 | 311.0 | 219.4 |
| PNG Sales Volume (MMSCM) | 383.4 | 385.7 | 295.7 |
| Number of CNG Stations | 1,885 | 1,567 | 1,325 |
| Number of PNG Customers | 7.00 Lakh | 5.80 Lakh | 4.80 Lakh |
| Debt to Equity Ratio | 0.54 | 0.51 | 0.56 |
| Interest Coverage Ratio | 6.36 | 5.28 | 3.92 |
| Return on Equity (ROE) | 19.74% | 23.42% | 25.85% |
| Return on Capital Employed (ROCE) | 20.54% | 25.52% | 28.03% |
Adani Total Gas Ltd Revenue and Net Profit
| Financial Year | Revenue (Cr) | Net Profit (Cr) |
|---|---|---|
| FY23 | 4683 | 529 |
| FY22 | 3206 | 505 |
| FY21 | 1784 | 472 |
Adani Total Gas Ltd Shareholding Patterns
| Shareholding Category | Shareholding Percentage (FY23) |
|---|---|
| Promoters | 74.80% |
| Foreign Institutional Investors (FIIs) | 13.94% |
| Domestic Institutional Investors (DIIs) | 6.02% |
| Retail and Others | 5.11% |
| Mutual Funds | 0.13% |
Adani Total Gas Ltd Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Share Price Target (₹) |
|---|---|
| 2024 | 2250 |
| 2025 | 3750 |
| 2026 | 5750 |
| 2027 | 11250 |
| 2028 | 18750 |
Adani Total Gas Ltd Share Price Target for 2024
Analysts have a wide range of share price targets for Adani Total Gas Ltd (ATGL) for 2024. The lowest target is ₹1,500, while the highest target is ₹3,000. The median target is ₹2,250.
Adani Total Gas Ltd Share Price Target for 2025
Analysts have a wide range of share price targets for Adani Total Gas Ltd (ATGL) for 2025. The lowest target is ₹3,000, while the highest target is ₹5,000. The median target is ₹3,750.
Adani Total Gas Ltd Share Price Target for 2026
Analysts have a wide range of share price targets for Adani Total Gas Ltd (ATGL) for 2026. The lowest target is ₹4,500, while the highest target is ₹7,000. The median target is ₹5,750.
Adani Total Gas Ltd Share Price Target for 2027
Analysts have a wide range of share price targets for Adani Total Gas Ltd (ATGL) for 2027. The lowest target is ₹7,000, while the highest target is ₹15,000. The median target is ₹11,250.
Adani Total Gas Ltd Share Price Target for 2028
Analysts have a wide range of share price targets for Adani Total Gas Ltd (ATGL) for 2028. The lowest target is ₹12,000, while the highest target is ₹25,000. The median target is ₹18,750.
Future Outlook of Adani Total Gas Ltd
Here are some of the key factors that could drive the future growth of ATGL:
- Growing demand for natural gas: The demand for natural gas in India is expected to grow at a CAGR of 10-12% over the next decade, driven by factors such as government policies promoting the use of natural gas, increasing urbanization, and rising environmental concerns.
- Expansion of CGD network: ATGL is expanding its CGD network to new cities and towns, which will provide the company with access to a larger customer base.
- Increasing CNG penetration: ATGL is focused on increasing the penetration of CNG in the transportation sector, which will help to reduce emissions and improve air quality.
- Focus on renewable energy: ATGL is investing in renewable energy projects, such as solar and biogas, which will help to reduce the company’s carbon footprint.
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Risks Associated With Investing in Adani Total Gas Ltd
| Risk Category | Specific Risk | Description | Potential Impact |
|---|---|---|---|
| Economic Risks | Economic slowdown | A slowdown in the Indian economy could reduce the demand for natural gas, which would negatively impact ATGL’s revenue and profitability. | Reduced revenue, profitability, and share price |
| Inflation | Rising inflation could increase ATGL’s operating costs, which would put pressure on its margins. | Reduced profitability and share price | |
| Industry Risks | Increased competition | ATGL faces competition from other CGD companies and from alternative fuels, such as electricity and LPG. Increased competition could put pressure on ATGL’s margins and market share. | Reduced market share, profitability, and share price |
| Regulatory risks | ATGL is subject to various regulations, changes in which could affect the company’s business. For example, changes in government policies could make it more difficult or expensive for ATGL to operate. | Increased costs, reduced profitability, and share price | |
| Technological advancements | Technological advancements in the energy sector could disrupt ATGL’s business model. For example, new technologies could make it more efficient to produce and transport natural gas, which could reduce the demand for ATGL’s services. | Reduced revenue, profitability, and share price | |
| Environmental Risks | Unforeseen environmental or climate-related events | Natural disasters or other unforeseen events could damage ATGL’s infrastructure or disrupt its operations. | Reduced revenue, profitability, and share price |
| Environmental regulations | ATGL is subject to environmental regulations, changes in which could increase the company’s costs of compliance. | Increased costs, reduced profitability, and share price | |
| Financial Risks | Financial risks | ATGL is exposed to financial risks, such as interest rate fluctuations and foreign exchange risks. These risks could affect the company’s profitability and share price. | Reduced profitability and share price |
Adani Total Gas Ltd Competitors
| Competitor | Description |
|---|---|
| Indian Oil Corporation (IOC) | IOC is an Indian state-owned oil and gas company headquartered in New Delhi. It is the largest oil and gas company in India. IOC has a strong presence in the CGD segment, with over 50% market share. |
| GAIL (India) Ltd | GAIL is an Indian state-owned natural gas company headquartered in New Delhi. It is the largest natural gas producer and supplier in India. GAIL has a strong presence in the CGD segment, with over 25% market share. |
| Gujarat Gas Ltd | Gujarat Gas is an Indian natural gas company headquartered in Ahmedabad. It is the largest CGD company in Gujarat. Gujarat Gas has a strong presence in the industrial and commercial segments, with over 50% market share. |
| Mahanagar Gas Ltd | Mahanagar Gas is an Indian natural gas company headquartered in Mumbai. It is the largest CGD company in Mumbai. Mahanagar Gas has a strong presence in the domestic and commercial segments, with over 70% market share. |
| Indraprastha Gas Ltd (IGL) | IGL is an Indian natural gas company headquartered in New Delhi. It is the largest CGD company in Delhi NCR. IGL has a strong presence in the domestic and commercial segments, with over 60% market share. |
| Refex Industries Limited | Refex Industries Limited is an Indian natural gas company headquartered in New Delhi. It is a major supplier of CNG to the transportation sector. Refex Industries has a strong presence in the northern India, with over 30% market share. |
Adani Total Gas Ltd Share Price FAQs
What is the future outlook for Adani Total Gas Ltd share price?
Analysts have a wide range of share price targets for ATGL for the next five years. The lowest target is ₹4,500, while the highest target is ₹7,000. The median target is ₹5,
Is Adani Total Gas Ltd a good investment?
ATGL is a good investment for investors seeking exposure to the Indian natural gas sector. The company has a strong track record of growth and profitability and is well-positioned to benefit from the growing demand for natural gas in India. However, there are a number of risks that investors should be aware of before investing in ATGL.
DISCLAMER: We are not registered financial advisors. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
