Login
Products
Login
Home
Alerts
Search
Watchlist
Products

Adani Total Gas Ltd

ATGL
NSE
656.95
0.47%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
Guidance Tracker
Alert
Watchlist
Note

Adani Total Gas Ltd

ATGL
NSE
656.95
0.47%
29 Apr '26, 4:00 PM
Company Overview
Guidance Tracker
Add Alert
Add to Watchlist
Edit Note
6M
Price
Charts
Documents

Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
72,252Cr
Close
Close Price
656.95
Industry
Industry
Gas Distribution
PE
Price To Earnings
110.23
PS
Price To Sales
12.26
Revenue
Revenue
5,894Cr
Rev Gr TTM
Revenue Growth TTM
17.89%
PAT Gr TTM
PAT Growth TTM
0.20%
Peer Comparison
How does ATGL stack up?
Compare up to 10 companies side by side across valuation, profitability, and growth.
ATGL
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
RevenueCr
1,0561,0961,1561,1671,1451,2191,2941,3411,3791,4511,5071,557
Growth YoY
Revenue Growth YoY%
1.3-1.84.64.78.511.212.014.920.419.116.416.1
Expenses
ExpensesCr
8088168688798499131,0301,0751,0851,1561,2021,256
Operating Profit
Operating ProfitCr
248280288288296306265266293295305301
OPM
OPM%
23.525.624.924.725.925.120.419.921.320.420.219.3
Other Income
Other IncomeCr
1015181971681412121224
Interest Expense
Interest ExpenseCr
242731292623272428264135
Depreciation
DepreciationCr
333839494651535356626263
PBT
PBTCr
201230236229232247192204222219214227
Tax
TaxCr
515759616062504957555559
PAT
PATCr
150173177168172186142155165163159168
Growth YoY
PAT Growth YoY%
8.67.917.671.514.47.5-19.4-8.0-3.8-11.911.48.9
NPM
NPM%
14.215.815.314.415.015.211.011.512.011.310.510.8
EPS
EPS
1.41.61.61.51.61.71.31.41.51.51.41.5

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
RevenueCr
1,3741,7191,8751,6963,0384,3784,4755,0005,894
Growth
Revenue Growth%
25.19.1-9.679.244.12.211.717.9
Expenses
ExpensesCr
1,0081,2641,2809912,2653,5083,3713,8674,700
Operating Profit
Operating ProfitCr
3654555957047738701,1041,1331,195
OPM
OPM%
26.626.431.741.525.419.924.722.720.3
Other Income
Other IncomeCr
805944304254624660
Interest Expense
Interest ExpenseCr
1259041405378111101129
Depreciation
DepreciationCr
6167516383113158204243
PBT
PBTCr
259357547631679733896875882
Tax
TaxCr
94128111159174186229220226
PAT
PATCr
165229436472505546668654656
Growth
PAT Growth%
39.090.78.26.98.322.1-2.00.2
NPM
NPM%
12.013.323.327.816.612.514.913.111.1
EPS
EPS
1.52.14.04.24.65.06.16.06.0

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
110110110110110110110110110
Reserves
ReservesCr
7599921,3611,8242,3062,8313,4704,0974,755
Current Liabilities
Current LiabilitiesCr
3644925918081,4642,1931,8111,5382,231
Non Current Liabilities
Non Current LiabilitiesCr
1,5694544144625355111,2011,9192,453
Total Liabilities
Total LiabilitiesCr
2,8032,0482,4763,2044,4155,6456,5927,6659,549
Current Assets
Current AssetsCr
6516745582233628581,0321,1211,423
Non Current Assets
Non Current AssetsCr
2,1521,3751,9182,9804,0544,7875,5606,5448,126
Total Assets
Total AssetsCr
2,8032,0482,4763,2044,4155,6456,5927,6659,549

Cash Flow

Consolidated
Standalone
Financial YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
2773564496547368539559641,149
Investing Cash Flow
Investing Cash FlowCr
-988791-461-771-1,137-1,167-752-933-1,236
Financing Cash Flow
Financing Cash FlowCr
779-1,077-5839422295-7856117
Net Cash Flow
Net Cash FlowCr
6870-71-7821-191258729
Free Cash Flow
Free Cash FlowCr
137115747-215-32315623
CFO To PAT
CFO To PAT%
168.2155.7102.8138.5145.8156.1143.1147.3175.2
CFO To EBITDA
CFO To EBITDA%
75.878.375.492.895.298.086.585.196.2

Ratios

Consolidated
Standalone
Financial YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
014,1719,5021,05,7192,36,32295,3761,01,78266,17656,068
Price To Earnings
Price To Earnings
0.062.021.8228.3464.1174.5152.5101.185.5
Price To Sales
Price To Sales
0.08.25.162.477.821.822.813.29.5
Price To Book
Price To Book
0.012.96.554.797.832.428.415.711.5
EV To EBITDA
EV To EBITDA
3.331.616.5150.8307.0110.893.259.648.3
Profitability Ratios
Profitability Ratios
GPM
GPM%
36.436.443.554.636.529.536.434.531.7
OPM
OPM%
26.626.431.741.525.419.924.722.720.3
NPM
NPM%
12.013.323.327.816.612.514.913.111.1
ROCE
ROCE%
18.330.831.827.321.218.619.616.114.4
ROE
ROE%
18.920.829.724.420.918.618.615.613.5
ROA
ROA%
5.911.217.614.711.49.710.18.56.9
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Adani Total Gas Ltd (ATGL) is India’s **largest private city gas distribution (CGD) company**, co-promoted by the Adani Group and TotalEnergies. As of November 2025, ATGL operates across **53 Geographical Areas (GAs)** in **125 districts**, serving over **10% of India's population** with piped natural gas (PNG) and compressed natural gas (CNG). The company is rapidly transforming from a traditional CGD player into a **comprehensive clean energy solutions provider**, diversifying into **compressed biogas (CBG), liquefied natural gas for transport & mining (LTM), electric vehicle (EV) charging infrastructure, and smart meter manufacturing**. --- ### **Core Business & Operations** #### **1. City Gas Distribution (CGD)** - **Piped Natural Gas (PNG):** Supplies natural gas directly to **residential, commercial, and industrial** customers. - **Residential:** Served **9.63 lakh (963,000) households** as of FY 2024–25. - **Commercial:** Served **9,299 commercial and industrial customers**, with **10% year-on-year volume growth** to 23 MMSCM. - **Industrial:** Achieved **6% volume growth** to 228 MMSCM, adding **253 new industrial customers**. - **Compressed Natural Gas (CNG):** Clean fuel for transportation; operates **663 CNG stations** (up 100 YoY), with **19% volume growth** to 663 MMSCM. - **Pipeline Infrastructure:** - **13,772 inch-km of steel pipelines**, with 1,750 inch-km added in FY25. - 7,807 km of **MDPE pipelines** for last-mile connectivity. - **LCNG/LPNG Plants:** Established in remote areas lacking pipeline access to supply CNG and PNG via liquefied gas. #### **2. Expanding Geographic Footprint** - Expanded from **4 to 53 GAs** since inception. - Joint venture **Indian Oil Adani Gas Private Limited (IOAGPL)** operates in **19 additional GAs**, totaling **72 GAs collectively covered**. - New areas include **Jalandhar**, integrated post-PNGRB approval, and plans for **nationwide network scalability**. - Benefits from **25-year infrastructure exclusivity** and **4–8 year marketing exclusivity** in licensed areas. --- ### **Strategic Diversification: Emerging Energy Solutions** #### **1. Compressed Biogas (CBG)** - **India’s largest CBG plant** at **Barsana, Mathura**, with **600 TPD feedstock capacity**, using agricultural and livestock waste. - First phase operational; produces ~10 TPD of CBG and organic manure. - Secured projects for **MSW-to-CBG plants** in **Ahmedabad (500 TPD)** and **Rajkot (250 TPD)**. - Branded organic manure **‘Harit Amrit’** launched under **circular economy** principles. #### **2. Electric Vehicle (EV) Charging Infrastructure** - Operates **over 3,400 EV charging points** across **26 states and 226 cities**. - Targets **3,000+ charging points** via wholly-owned subsidiary **Adani TotalEnergies E-Mobility Limited (ATEL)**. - Key locations: **airports, GIFT City, municipal partnerships**, and highways. - Won government tenders for EV infrastructure from **AAI and tourism departments**. #### **3. LNG for Transport & Mining (LTM)** - Commissioned India’s **first retail LNG outlet in Tiruppur, Tamil Nadu**. - Two more under construction in Gujarat; plans for **50 LNG stations** nationwide targeting **heavy-duty transport and mining fleets**. - Positioned as a **transition fuel** for decarbonizing long-haul and off-road operations. #### **4. Hydrogen & Green Innovation** - Piloting **green hydrogen (GH2) blending** into CGD network under **National Green Hydrogen Mission**. - Supports long-term clean fuel transition roadmap. --- ### **Digital Transformation & Operational Excellence** #### **1. SOUL – Integrated Digital Platform** - **SOUL (Single Digital Business Platform)** integrates: - Real-time **SCADA, GIS, and project monitoring**. - **CNG, LCNG, CBG, and EV** operational oversight. - **Customer experience** via "My Adani Gas" app. - **Data analytics, automation, and AI** for decision-making. - Enforces **“No Automation, No Operations” (NANO)** policy to digitize all manual tasks. - Hosts **10 million+ daily data points** from **15,000 assets**, enabling predictive maintenance and loss control. #### **2. Customer-Centric Digital Tools** - **“My Adani Gas” App:** - Enables **self-billing, digital payments, service requests, refunds, and connection tracking**. - **~98% of collections** are digital; multilingual support and 24x7 IVR available. - Over **235,000 downloads**; key tool for **digital onboarding and KYC**. - **Care to Delight Initiative:** Focuses on **doorstep services, safety awareness, and digital adoption events**. #### **3. AI & Advanced Technologies** - Deploying **generative AI** for **customer service** and **data analytics**. - Using **computer vision AI** for **fire hazard detection, installation certification, and inventory automation**. - Data lakehouse architecture supports **real-time analytics** in **customer behavior and project governance**. --- ### **Strategic Partnerships & Subsidiaries** | Entity | Role | Focus | |-------|------|-------| | **IOAGPL (50:50 JV with Indian Oil)** | CGD operations | 19 GAs; 1.072 CNG stations; 1.14M D-PNG customers | | **Smart Meters Technologies Pvt. Ltd. (50:50 JV)** | Meter manufacturing | 7.2 lakh meters/year capacity in Gangad, Gujarat | | **Adani TotalEnergies Biomass Limited (ATBL)** | Wholly-owned | CBG & organic fertilizers from agri and municipal waste | | **Adani TotalEnergies E-Mobility Ltd (ATEL)** | Wholly-owned | EV charging infrastructure development | | **Indian Gas Exchange (IGX)** | 5% stake | Strategic participation in gas trading and procurement | --- ### **Key Growth Drivers** 1. **Massive CAPEX for infrastructure rollout** across new GAs. 2. **Digital-first operations** reducing costs and loss (LUAG) while improving service reliability. 3. **Diversification into high-growth clean energy segments** with early-mover advantage. 4. **Strategic partnerships** with IOCL, TotalEnergies, and government bodies. 5. **Scalable, modular business models** enabling rapid deployment and monetization.