Adani Total Gas Limited share price

NSE: ATGL · ISIN INE399L01023

Key numbers

Market cap
₹ 67,270 Cr
Current price
₹ 611.65
52-week high / low
₹ 860 / 463
Stock P/E
106.2
Book value
₹ 44.2
Dividend yield
0.04%
ROCE
14.5%
ROE
14.5%
Debt to equity
0.59
Sales growth (3 yrs)
10.4%
Profit growth (3 yrs)
6.3%
1-year return
-8.3%

About Adani Total Gas Limited

Adani Total Gas Limited engages in the city gas distribution (CGD) business in India. It supplies piped natural gas and compressed natural gas to the domestic, commercial, industrial, and transportation sectors. The company also provides biogas, biofuel, biomass, LCNG, HCNG, EV, and hydrogen. In addition, it manufactures various equipment; and offers value-added services related to the CGD business. The company was formerly known as Adani Gas Limited and changed its name to Adani Total Gas Limited in January 2021. Adani Total Gas Limited was founded in 2004 and is headquartered in Ahmedabad, India.

Quarterly results

Consolidated figures in ₹ crores

Mar 2025Jun 2025Dec 2025Mar 2026Jun 2026
Sales1,3411,3791,5071,5571,754
Operating profit266293305301270
Net profit155165159168142
EPS (₹)1.401.501.441.531.29

Concall summary (2026-07-28)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • This strong momentum reinforce our confidence in achieving our targets of 10,000 EV charging points, with continued focus on improving network utilization and operational efficiency.
  • And in few states, we do have in terms of coordination where we need to coordinate maximum in terms of making them understand what the regulations have been given to us, how we are going forward.

Growth & demand

  • This strategic approach has driven another quarter of resilient operational growth during the quarter, gas sales volume reached 303 MMSCM, reflecting a robust growth of 13% year-on- year, led by 18% year-on-year growth in CNG segment and 4% year-on-year growth in PNG segment.
  • We sold 3.3 million electrons during the quarter and delivered robust growth of 100% year-on-year basis.

Margins & costs

  • And my question was over the last 6 to 8 quarters, despite the consistent double-digit revenue growth, the operating margins have compressed from around 25% to 15% now and operating profit and net profit has remained largely flat.
  • So, my question is, over the last six to eight quarters, despite the consistent double-digit revenue growth, the operating margins have compressed from around 25% to 15% and operating profit and net profit have remained largely flat.

Capex & expansion

  • However, government's timely interventions with additional gas allocation and expansion on waiver imbalances and system, disciplinary charges helped to maintain uninterrupted gas supplies to our consumers.
  • On E-Mobility business vertical, our EV charging network expanded to 5,306 charging points within installation capacity of 58 megawatts.

Risks & challenges

  • So how much of the current margin pressure, since it was a purely cyclical USD, INR and West Asia versus structural.
  • While there are certain areas where permissions remains a challenge and the monsoon issues where there is a prolonged rain.

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