Adani Total Gas Limited
NSE: ATGL · LPG/CNG/PNG/LNG Supplier · sector
₹532.00NSE close 2026-10-26
Key numbers
Market cap₹58,509 cr
Price₹532.00
52w high / low₹860 / ₹463
P/E91.1xSector median 14.3x
P/B11.3xSector median 1.6x
Book value₹47.1
Dividend yield0.05%Sector median 0.91%
ROE13.3%Sector median 12.3%
ROCE13.1%Sector median 13.1%
OPM16.4%Sector median 12.1%
Debt / equity0.45xSector median 0.05x
EV/EBITDA50.0xSector median 7.0x
Interest cover6.5x
Current ratio0.71x
Sales growth 3y+11.0%Sector median +10.2%
Profit growth 3y+6.3%Sector median +3.1%
PEG14.60x
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 7 companies in LPG/CNG/PNG/LNG Supplier (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹797 cr vs borrowings ₹2,168 cr (FY26): borrowings are higher by ₹1,371 cr.
- Borrowings rose in each of the last 3 years (₹1,372 cr → ₹2,168 cr).
- Operating profit covered interest 6.5x in the last 12 months.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 7% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹532.00 on 2026-10-26: -38.1% from the 52-week high, +15.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹835.35 · low ₹467.90
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,401 | 1,453 | 1,498 | 1,576 | 1,639 | 1,695 | 1,907 | 2,110 |
| EBITDA | 265 | 266 | 293 | 295 | 305 | 301 | 270 | 328 |
| OPM % | 18.9% | 18.3% | 19.6% | 18.7% | 18.6% | 17.8% | 14.2% | 15.5% |
| Other income | 7 | 8 | 8 | 9 | 9 | 12 | 13 | 14 |
| Net profit | 142 | 155 | 165 | 163 | 159 | 168 | 142 | 173 |
| EPS (₹) | 1.30 | 1.41 | 1.50 | 1.49 | 1.44 | 1.53 | 1.29 | 1.58 |
| Revenue YoY | +17.0% | +16.6% | +27.3% | +33.8% | ||||
| Profit YoY | +11.4% | +8.9% | -14.2% | +6.0% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,206 | 4,683 | 4,816 | 5,412 | 6,409 | 7,350 |
| EBITDA | 773 | 870 | 1,104 | 1,133 | 1,195 | 1,204 |
| Net profit | 509 | 546 | 668 | 654 | 656 | 642 |
| EPS (₹) | 4.63 | 4.97 | 6.07 | 5.95 | 5.96 | 5.84 |
| Revenue growth | +46.1% | +2.8% | +12.4% | +18.4% | +24.0% | |
| Profit growth | +7.3% | +22.1% | -2.0% | +0.2% | +2.6% | |
| Dividend / share (₹) | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +11.0% | +29.1% | +24.0% |
| Net profit | +6.3% | +7.2% | +2.6% |
| EPS | +6.2% | +7.2% | – |
| Share price | – | -11.9% (2y) | -10.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,941 | 3,580 | 4,207 | 4,865 |
| Borrowings | – | 1,372 | 1,471 | 1,834 | 2,168 |
| Cash & equivalents | – | 372 | 456 | 497 | 797 |
| Total assets | – | 5,645 | 6,592 | 7,665 | 9,549 |
| Fixed assets | – | 2,212 | 2,960 | 3,606 | 4,261 |
| Capital work in progress | – | 1,616 | 1,498 | 1,865 | 2,001 |
| Investments | – | 12 | 13 | 15 | 608 |
| Receivables | – | 270 | 410 | 424 | 419 |
| Inventory | – | 91 | 99 | 116 | 111 |
| Payables | – | 307 | 342 | 314 | 374 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 736 | 853 | 955 | 964 | 1,149 |
| Cash from investing | -1,137 | -1,167 | -752 | -933 | -1,236 |
| Cash from financing | 422 | 295 | -78 | 56 | 116 |
| Capex | 951 | 1,175 | 799 | 941 | 988 |
| Free cash flow | -215 | -323 | 156 | 23 | 161 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 18.6% | 18.6% | 15.6% | 13.5% |
| ROCE % | – | 18.4% | 19.6% | 15.9% | 14.1% |
| Debtor days | – | 21 | 31 | 29 | 24 |
| Inventory days | – | 11 | 13 | 13 | 10 |
| Payable days | – | 36 | 44 | 35 | 34 |
| Cash conversion cycle (days) | – | -4 | 0 | 7 | 0 |
| Working capital days | – | -104 | -59 | -28 | -46 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.80% |
| FIIs | 12.84% |
| DIIs | 6.38% |
| of which Mutual funds | 0.21% |
| of which Insurance | 6.17% |
| Public (non-institutions) | 5.98% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.80% | 74.80% | 74.80% | 74.80% | 74.80% | 74.80% | 74.80% | 74.80% |
| Promoter group | % |
|---|---|
| TotalEnergies Holdings SAS | 37.40% |
| Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani (on behalf of S. B. Adani Family Trust) | 37.38% |
| Rahi Rajesh Adani | 0.01% |
| Vanshi Rajesh Adani | 0.01% |
| Rajeshbhai Shantilal Adani | 0.00% |
| Gautambhai Shantilal Adani | 0.00% |
| Gautambhai Shantilal Adani and Pritiben Gautambhai Adani (on behalf of Gautam S. Adani Family Trust) | 0.00% |
| Adani Tradeline Private Limited (formerly Adani Tradeline LLP) | 0.00% |
| Adani Properties Private Limited | 0.00% |
| Universal Trade And Investments Limited | 0.00% |
| Worldwide Emerging Market Holding Limited | 0.00% |
| Afro Asia Trade And Investments Limited | 0.00% |
| Flourishing Trade and Investment Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation Of India | 6.02% |
| Envestcom Holding Rsc Ltd | 4.96% |
5,77,207 shareholders. Pledged: – of promoter shares.
Peers in LPG/CNG/PNG/LNG Supplier
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ATGL | ₹58,509 cr | 91.1x | 11.3x | 13.3% | 13.1% | 16.4% | +11.0% | 0.05% |
| PETRONET | ₹43,762 cr | 10.4x | 2.0x | 20.0% | 25.7% | 15.4% | -10.1% | 3.43% |
| GUJENERGY | ₹20,171 cr | 9.6x | 1.1x | 14.1% | 11.7% | 11.6% | +12.2% | 0.91% |
| IGL | ₹19,820 cr | 14.6x | 1.7x | 12.3% | 12.9% | 8.8% | +4.6% | 3.35% |
| MGL | ₹10,236 cr | 14.3x | 1.6x | 11.6% | 15.4% | 13.8% | +9.4% | 2.89% |
| CONFIPET | ₹2,320 cr | 14.9x | 1.6x | 9.8% | 13.7% | 6.8% | +28.7% | 0.16% |
| IRMENERGY | ₹949 cr | 13.0x | 1.0x | 7.5% | 11.5% | 12.1% | – | 0.65% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-12 | Dividend | Dividend - Rs 0.25 Per Share |
| 2025-06-13 | Dividend | Dividend - Re 0.25 Per Share |
| 2024-06-14 | Dividend | Dividend - Re 0.25 Per Share |
| 2023-07-07 | Dividend | Dividend - Re 0.25 Per Share |
| 2022-07-14 | Dividend | Dividend - Rs 0.25 Per Share |
| 2021-06-24 | Dividend | Dividend - Rs 0.25 Per Share |
| 2020-06-17 | Other | Annual General Meeting |
| 2020-03-26 | Dividend | Interim Dividend - Rs 0.25 Per Share |
| 2019-07-26 | Dividend | Annual General Meeting/Dividend - Rs 0.25 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Distribution of gaseous fuels through mains: Sale of Piped Natural Gas (PNG), Compressed Natural Gas (CNG), Liquified Natural Gas (LNG) Compressed Biogas (CBG) and Electric Vehicle Charging (EV)
| Sector | Energy |
| Industry | LPG/CNG/PNG/LNG Supplier |
| Sub-industry | LPG/CNG/PNG/LNG Supplier |
| Symbol | ATGL |
| BSE code | 542066 |
| ISIN | INE399L01023 |
| Face value | ₹1.0 |
| Incorporated | 2005-08-05 |
| Website | www.adanigas.com |
| Plants (India / abroad) | 2,533 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.