Adani Total Gas Ltd.
NSE: ATGL · Oil Gas & Consumable Fuels
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Instant answers about Adani Total Gas Ltd. — computed from its filings, no language modelPrice & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,823 | 1,991 | 1,784 | 3,206 | 4,683 | 4,816 | 5,412 | 6,409 |
| EBITDA | 455 | 595 | 704 | 773 | 870 | 1,104 | 1,133 | 1,195 |
| Operating margin | 24.9% | 29.9% | 39.5% | 24.1% | 18.6% | 22.9% | 20.9% | 18.6% |
| Interest | 90 | 41 | 40 | 53 | 78 | 111 | 101 | 129 |
| Depreciation | 67 | 51 | 63 | 83 | 113 | 158 | 204 | 243 |
| Profit before tax | 357 | 547 | 631 | 679 | 715 | 878 | 860 | 860 |
| Tax | 128 | 111 | 159 | 174 | 186 | 229 | 220 | 226 |
| Net profit | 0 | 436 | 463 | 509 | 546 | 668 | 654 | 656 |
| EPS ₹ | 2.08 | 3.97 | 4.21 | 4.63 | 4.97 | 6.07 | 5.95 | 5.96 |
| Operating cash flow | — | — | — | 736 | 853 | 955 | 964 | 1,149 |
| Capex | — | — | — | 951 | 1,175 | 799 | 941 | 988 |
| Dividend paid | — | — | — | 28 | 28 | 28 | 28 | 28 |
| Total assets | 2,048 | 2,476 | 3,204 | 4,415 | 5,645 | 6,592 | 7,665 | 9,549 |
| Equity | 1,102 | 1,471 | 1,934 | 2,416 | 2,941 | 3,580 | 4,207 | 4,865 |
Quarterly performance
last 32 quarters · ₹ crore| DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 485 | 494 | 479 | 503 | 519 | 490 | 207 | 441 | 522 | 614 | 522 | 687 | 932 | 1,065 | 1,110 | 1,190 | 1,186 | 1,197 | 1,135 | 1,179 | 1,244 | 1,258 | 1,239 | 1,318 | 1,401 | 1,453 | 1,498 | 1,576 | 1,639 | 1,695 | 1,907 | 2,110 |
| Operating profit | 107 | 140 | 135 | 136 | 156 | 168 | 77 | 210 | 213 | 205 | 207 | 231 | 203 | 131 | 219 | 226 | 230 | 195 | 248 | 280 | 288 | 288 | 296 | 306 | 265 | 266 | 293 | 295 | 305 | 301 | 270 | 328 |
| Operating margin | 22.1% | 28.2% | 28.2% | 27.0% | 30.1% | 34.3% | 37.4% | 47.5% | 40.7% | 33.3% | 39.7% | 33.7% | 21.8% | 12.3% | 19.7% | 19.0% | 19.4% | 16.3% | 21.8% | 23.7% | 23.2% | 22.9% | 23.9% | 23.2% | 18.9% | 18.3% | 19.6% | 18.7% | 18.6% | 17.8% | 14.2% | 15.5% |
| Other income | 12 | 12 | 11 | 12 | 10 | 12 | 8 | 8 | 9 | 19 | 8 | 15 | 8 | 10 | 9 | 10 | 8 | 9 | 7 | 9 | 12 | 15 | 9 | 7 | 7 | 8 | 8 | 9 | 9 | 12 | 13 | 14 |
| Interest | 10 | 10 | 10 | 11 | 10 | 10 | 9 | 10 | 10 | 11 | 11 | 13 | 13 | 15 | 19 | 21 | 6 | 32 | 24 | 27 | 31 | 29 | 26 | 23 | 27 | 24 | 28 | 26 | 41 | 35 | 39 | 36 |
| Depreciation | 17 | 18 | 13 | 12 | 13 | 14 | 14 | 15 | 16 | 17 | 19 | 21 | 21 | 22 | 24 | 27 | 31 | 31 | 33 | 38 | 39 | 49 | 46 | 51 | 53 | 53 | 56 | 62 | 62 | 63 | 67 | 72 |
| Profit before tax | 66 | 120 | 123 | 125 | 144 | 156 | 63 | 182 | 195 | 191 | 185 | 213 | 177 | 104 | 185 | 188 | 201 | 142 | 199 | 224 | 230 | 225 | 233 | 238 | 191 | 197 | 218 | 216 | 211 | 215 | 177 | 233 |
| Tax | 21 | 44 | 43 | 5 | 29 | 34 | 16 | 47 | 50 | 46 | 47 | 54 | 45 | 28 | 47 | 48 | 53 | 38 | 51 | 57 | 59 | 61 | 60 | 62 | 50 | 49 | 57 | 55 | 55 | 59 | 45 | 68 |
| Net profit | 0 | 0 | 79 | 0 | 0 | 121 | 39 | 134 | 146 | 144 | 0 | 158 | 128 | 81 | 138 | 160 | 150 | 98 | 150 | 173 | 177 | 168 | 172 | 186 | 142 | 155 | 165 | 163 | 159 | 168 | 142 | 173 |
| EPS ₹ | 0.43 | 0.69 | 0.72 | 1.09 | 1.05 | 1.11 | 0.35 | 1.22 | 1.33 | 1.31 | 1.30 | 1.44 | 1.16 | 0.74 | 1.26 | 1.45 | 1.37 | 0.89 | 1.37 | 1.57 | 1.61 | 1.53 | 1.56 | 1.69 | 1.30 | 1.41 | 1.50 | 1.49 | 1.44 | 1.53 | 1.29 | 1.58 |
| Revenue YoY | — | — | — | — | 7.0% | -0.8% | -56.9% | -12.3% | 0.7% | 25.3% | 152.8% | 55.7% | 78.4% | 73.4% | 112.6% | 73.3% | 27.2% | 12.4% | 2.3% | -1.0% | 4.9% | 5.1% | 9.1% | 11.8% | 12.6% | 15.5% | 20.9% | 19.6% | 17.0% | 16.6% | 27.3% | 33.8% |
| Profit YoY | — | — | — | — | — | — | -50.9% | — | — | 18.4% | -100.0% | 17.7% | -12.5% | -43.6% | — | 1.2% | 17.7% | 20.7% | 8.6% | 7.9% | 17.6% | 71.5% | 14.3% | 7.5% | -19.4% | -8.0% | -3.7% | -11.9% | 11.4% | 8.9% | -14.2% | 6.0% |
Returns & margins
trailing-twelve-month, per quarter| SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.2% | 7.2% | 13.6% | 10.9% | 20.0% | 29.9% | 23.9% | 21.9% | 23.2% | 22.2% | 15.2% | 20.9% | 18.9% | 19.7% | 18.6% | 19.0% | 17.6% | 18.5% | 18.6% | 19.2% | 17.9% | 17.1% | 15.6% | 15.4% | 13.9% | 14.2% | 13.5% | 13.0% | 12.4% |
| ROCE | 32.9% | 38.2% | 32.2% | 28.9% | 32.0% | 34.8% | 27.7% | 32.9% | 34.3% | 33.7% | 21.4% | 21.7% | 18.8% | 19.2% | 18.4% | 18.8% | 18.8% | 20.0% | 19.6% | 20.3% | 19.6% | 18.8% | 15.9% | 15.7% | 14.4% | 14.9% | 14.1% | 13.7% | 13.1% |
| Net margin | 4.0% | 4.0% | 10.1% | 9.3% | 17.8% | 26.5% | 25.9% | 20.2% | 19.1% | 15.6% | 11.4% | 13.3% | 11.8% | 11.6% | 11.7% | 11.9% | 12.2% | 12.6% | 13.9% | 14.0% | 13.9% | 12.8% | 12.1% | 11.4% | 10.6% | 10.4% | 10.2% | 9.3% | 8.7% |
| EBITDA margin | 26.4% | 28.4% | 29.9% | 31.3% | 36.9% | 40.2% | 39.5% | 39.7% | 36.5% | 30.7% | 24.1% | 20.7% | 18.1% | 17.7% | 18.6% | 19.1% | 20.3% | 21.3% | 22.9% | 23.4% | 23.3% | 22.1% | 20.9% | 19.9% | 18.9% | 18.8% | 18.6% | 17.2% | 16.4% |
| Debt / equity | 0.31 | 0.31 | 0.24 | 0.24 | 0.24 | 0.24 | 0.25 | 0.25 | 0.25 | 0.25 | 0.41 | 0.41 | 0.43 | 0.43 | 0.47 | 0.47 | 0.40 | 0.40 | 0.41 | 0.41 | 0.35 | 0.35 | 0.44 | 0.44 | 0.43 | 0.43 | 0.45 | 0.45 | 0.45 |
| Interest coverage | 11.31 | 13.31 | 14.33 | 13.31 | 14.99 | 16.23 | 16.59 | 18.57 | 18.27 | 16.71 | 13.88 | 12.29 | 10.50 | 11.99 | 10.12 | 9.73 | 9.56 | 7.94 | 8.88 | 8.99 | 9.43 | 9.37 | 9.54 | 9.30 | 8.83 | 8.13 | 7.64 | 6.81 | 6.54 |
| Asset turnover | 0.96 | 0.97 | 0.80 | 0.69 | 0.67 | 0.67 | 0.56 | 0.66 | 0.73 | 0.86 | 0.73 | 0.86 | 0.85 | 0.90 | 0.83 | 0.83 | 0.79 | 0.80 | 0.73 | 0.75 | 0.74 | 0.76 | 0.71 | 0.74 | 0.68 | 0.71 | 0.67 | 0.71 | 0.73 |
Balance sheet
equity vs borrowings over time · ₹ crore| MAR '18‡ | MAR '19‡ | MAR '20‡ | MAR '21‡ | MAR '22‡ | SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share capital | 110 | 110 | 110 | — | — | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 |
| Other equity / reserves | 759 | 992 | 1,361 | 1,824 | 2,306 | 2,577 | 2,831 | 3,126 | 3,470 | 3,801 | 4,097 | 4,399 | 4,755 | 5,067 |
| Total equity | 869 | 1,102 | 1,471 | 1,934 | 2,416 | 2,686 | 2,941 | 3,236 | 3,580 | 3,911 | 4,207 | 4,509 | 4,865 | 5,177 |
| Borrowings | 1,234 | 346 | 355 | 488 | 995 | 1,160 | 1,372 | 1,304 | 1,471 | 1,374 | 1,834 | 1,921 | 2,168 | 2,342 |
| Current liabilities | 364 | 492 | 591 | 808 | 1,464 | 1,758 | 2,193 | 2,243 | 1,811 | 1,468 | 1,538 | 2,058 | 2,231 | 2,017 |
| Non-current liabilities | 1,569 | 454 | 414 | 462 | 535 | 631 | 511 | 464 | 1,201 | 1,463 | 1,919 | 2,176 | 2,453 | 2,863 |
| Total assets | 2,803 | 2,048 | 2,476 | 3,204 | 4,415 | 5,075 | 5,645 | 5,943 | 6,592 | 6,842 | 7,665 | 8,743 | 9,549 | 10,057 |
| Property, plant & equipment | — | 951 | 1,098 | 1,264 | 1,624 | 1,822 | 2,212 | 2,379 | 2,960 | 3,201 | 3,606 | 3,766 | 4,261 | 4,582 |
| Capital work-in-progress | 102 | 190 | 342 | 696 | 1,171 | 1,501 | 1,616 | 1,641 | 1,498 | 1,527 | 1,865 | 1,834 | 2,001 | 2,048 |
| Investments | 180 | 176 | — | 4 | 4 | 677 | 682 | 696 | 706 | 922 | 811 | 1,460 | 1,690 | 1,832 |
| Inventories | 42 | 44 | 41 | 52 | 77 | 82 | 91 | 85 | 99 | 115 | 116 | 106 | 111 | 140 |
| Receivables | 141 | 83 | 61 | 104 | 187 | 237 | 270 | 373 | 410 | 404 | 424 | 475 | 419 | 521 |
| Cash & equivalents | 24 | 159 | 89 | 10 | 31 | 38 | 12 | 22 | 137 | 46 | 224 | 162 | 253 | 110 |
Cash flow
annual · ₹ crore · line = free cash flow| FY18‡ | FY19‡ | FY20‡ | FY21‡ | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 277 | 356 | 492 | 654 | 736 | 853 | 955 | 964 | 1,149 |
| Cash from investing | -988 | 791 | -461 | -770 | -1,137 | -1,167 | -752 | -933 | -1,236 |
| Cash from financing | 779 | -1,077 | -102 | 39 | 422 | 295 | -78 | 56 | 116 |
| Capex | 140 | 241 | 442 | 606 | 951 | 1,175 | 799 | 941 | 988 |
| Free cash flow | 137 | 115 | 51 | 47 | -215 | -323 | 156 | 23 | 161 |
| Dividends paid | — | 0 | 66 | 0 | 28 | 28 | 28 | 28 | 28 |
Where the assets sit
Sep '26 · ₹ crorePeer comparison
largest in Oil Gas & Consumable Fuels · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Reliance Industries Ltd. | 17,86,356 | 1,320.00 | 21.8 | 1.89 | 8.7% |
| Oil & Natural Gas Corporation Ltd. | 2,91,561 | 231.76 | 5.9 | 0.73 | 12.4% |
| Coal India Ltd. | 2,46,509 | 400.00 | 7.4 | 1.93 | 26.2% |
| Indian Oil Corporation Ltd. | 2,06,523 | 146.25 | 4.4 | 0.89 | 20.3% |
| Bharat Petroleum Corporation Ltd. | 1,36,680 | 319.90 | 8.6 | 1.35 | 15.6% |
| GAIL (India) Ltd. | 1,22,159 | 185.79 | 9.7 | 1.26 | 13.1% |
| Hindustan Petroleum Corporation Ltd. | 82,379 | 387.15 | — | 1.56 | -4.9% |
| Oil India Ltd. | 72,205 | 443.90 | 8.6 | 1.24 | 14.4% |
| Adani Total Gas Ltd. | 63,282 | 575.40 | 98.6 | 12.22 | 12.4% |
| Petronet LNG Ltd. | 47,550 | 317.00 | 19.9 | 1.96 | 9.9% |
StoxGud checklist: Bearish setup · 3/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
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FAQs
What is the share price of Adani Total Gas Ltd.?
Adani Total Gas Ltd. (ATGL) closed at ₹575.40 on NSE on 06 Nov 2026.
What is the market cap of Adani Total Gas Ltd.?
₹63,282 crore at the latest close.
What is the P/E ratio of Adani Total Gas Ltd.?
98.6, on trailing-twelve-month earnings from its filings.
How fast is Adani Total Gas Ltd. growing?
Adani Total Gas Ltd.: revenue has compounded at 11.0% a year over three years; net profit at 6.3% a year. Latest-quarter revenue is up 33.8% year on year, profit up 6.0%.
How profitable is Adani Total Gas Ltd.?
On a trailing-twelve-month basis return on equity is 12.4%, return on capital employed 13.1%, operating margin 16.4%, net margin 8.7%.
How much debt does Adani Total Gas Ltd. have?
Adani Total Gas Ltd. is lightly geared: debt to equity is 0.45 with borrowings of ₹2,342 cr against cash of ₹110 cr (balance sheet of 2026-09-30). Operating profit covers interest 6.5 times.
Financials parsed from Adani Total Gas Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from DEC '18, annual from FY19, balance sheet from Mar '18. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.