Adani Total Gas Ltd - Stock Valuation and Financial Performance

BSE: 542066 | NSE: ATGL | Gas Transmission/Marketing | Large Cap

Adani Total Gas Share Price

948.45 -12.50 -1.30%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Adani Total Gas

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Adani Total Gas stock performance -

mw4me loader
P/E Ratio (CD):
174.59
Market Cap:
1,04,311.5 Cr.
52-wk low:
522
52-wk high:
1,259.9

Is Adani Total Gas Ltd an attractive stock to invest in?

1. Is Adani Total Gas Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Adani Total Gas Ltd is a below average quality company.

2. Is Adani Total Gas Ltd undervalued or overvalued?

The key valuation ratios of Adani Total Gas Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Adani Total Gas Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Adani Total Gas Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Adani Total Gas:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Adani Total Gas Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%0%0%11.1%16.4%27.3%23.3%18.7%15.6%-
Value Creation
Index
NANANANA0.00.21.01.10.70.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00001,3741,7191,8751,6963,0384,3784,755
Sales YoY Gr.-NANANANA25.1%9.1%-9.6%79.2%44.1%-
Adj EPS 00000.62.23.94.34.655.4
YoY Gr.-NANANANA253.2%79%9.7%7.7%7.3%-
BVPS (₹) 000041013.417.62226.731
Adj Net
Profit
0000158240432473509546597
Cash Flow from Ops. 0000277356492654732853-
Debt/CF from Ops. 00004.91.10.80.81.41.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA26.1%32.7%44.1%
Adj EPS NA51.6%8.2%7.3%
BVPSNA46.5%26%21.7%
Share Price - 48.9% -3% 3.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
000018.224.433.627.823.420.418.8
Op. Profit
Mgn %
000026.626.531.741.525.519.921.3
Net Profit
Mgn %
000011.7142328.416.812.512.6
Debt to
Equity
00001.30.40.30.30.40.5-
Working Cap
Days
00000214101129885833
Cash Conv.
Cycle
00000-3-6-1010-51

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 32.68%

Return on Equity has declined versus last 3 years average to 18.80%

Net Profit has been subdued in last 3 years 8.23%

Sales growth is not so good in last 4 quarters at 4.65%

Latest Financials - Adani Total Gas Ltd.

Standalone Consolidated
TTM EPS (₹) 5.4 5.4
TTM Sales (₹ Cr.) 4,753 4,755
BVPS (₹.) 30.9 31
Reserves (₹ Cr.) 3,288 3,297
P/BV 30.70 30.62
PE 176.20 174.59
From the Market
52 Week Low / High (₹) 521.95 / 1259.90
All Time Low / High (₹) 70.20 / 3998.35
Market Cap (₹ Cr.) 1,04,311
Equity (₹ Cr.) 110
Face Value (₹) 1
Industry PE 35.6

Management X-Ray of Adani Total Gas:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Adani Total Gas

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,3741,7191,8751,6963,0384,378
Operating Expenses 1,0091,2641,2809922,2653,508
Manufacturing Costs606982103189273
Material Costs8731,0931,0607701,9303,086
Employee Cost 394247525556
Other Costs 376091689293
Operating Profit 365455594704773870
Operating Profit Margin (%) 26.6%26.4%31.7%41.5%25.4%19.9%
Other Income 808745454237
Interest 1259041405378
Depreciation 6167516383113
Exceptional Items 0-280-1400
Profit Before Tax 259357547631684733
Tax 94128111159174186
Profit After Tax 165229436472509546
PAT Margin (%) 12.0%13.3%23.3%27.8%16.8%12.5%
Adjusted EPS (₹)0.62.14.04.24.65.0
Dividend Payout Ratio (%)0%12%6%6%5%5%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,0161,1021,4711,9342,4162,941
Share Capital 257110110110110110
Reserves 7599921,3611,8242,3062,831
Minority Interest000000
Debt1,2343463554318911,035
Long Term Debt1,234346298308352268
Short Term Debt0057123539767
Trade Payables13710483116166307
Others Liabilities 4154975687249421,362
Total Liabilities 2,8032,0482,4763,2044,4155,645

Fixed Assets

Gross Block1,0651,2141,4831,7282,1632,878
Accumulated Depreciation168234285348430544
Net Fixed Assets8979801,1981,3791,7332,335
CWIP 1021903426961,1711,619
Investments 180176282417634682
Inventories424441527791
Trade Receivables1418361104187270
Cash Equivalents 24160891134372
Others Assets1,416415463544580277
Total Assets 2,8032,0482,4763,2044,4155,645

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 277356492654732853
PBT 259357547631679715
Adjustment 106111547999161
Changes in Working Capital 0112578102131
Tax Paid -89-122-133-134-147-155
Cash Flow From Investing Activity -988791-461-771-1,133-1,167
Capex -140-241-442-606-950-1,175
Net Investments -49-52-106-500-214-24
Others -7981,083863363233
Cash Flow From Financing Activity 779-1,077-10239422295
Net Proceeds from Shares 000000
Net Proceeds from Borrowing 971-954-491991147
Interest Paid -52-161-41-41-51-45
Dividend Paid 00-660-28-28
Others -140385460410220
Net Cash Flow 6870-71-7821-19
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.221.633.9127.7223.4220.4
ROCE (%)17.3624.0634.9231.2725.2521
Asset Turnover Ratio0.520.750.880.630.840.93
PAT to CFO Conversion(x)1.681.551.131.391.441.56
Working Capital Days
Receivable Days352213171718
Inventory Days11981077
Payable Days574032472728

Adani Total Gas Ltd Stock News

Adani Total Gas Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Adani Total Gas on 12-Apr-2024 16:59 is ₹948.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of Adani Total Gas stood at ₹1,04,311.5.
The latest P/E ratio of Adani Total Gas as of 12-Apr-2024 16:59 is 176.2.
The latest P/B ratio of Adani Total Gas as of 12-Apr-2024 16:59 is 30.70.
The 52-week high of Adani Total Gas is ₹1,259.9 and the 52-week low is ₹522.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Adani Total Gas is ₹4,753 ( Cr.) .

About Adani Total Gas Ltd

Adani Gas is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector. Natural Gas is a convenient, reliable and environment friendly fuel that allows consumers to enjoy a high level of safety, convenience and economic efficiency.

The company has already set up city gas distribution networks in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. In addition, the development of Allahabad, Chandigarh, Ernakulam, Panipat, Daman, Dharwad, and Udhamsingh Nagar gas distribution is awarded to consortium of Adani Gas Ltd and Indian Oil Corporation Ltd.

Business area of the company

The company is engaged in City Gas Distribution (CGD) business and supplies natural gas to domestic, commercial, industrial and vehicle users in various geographical areas.

Awards and recognitions

Financial Year 2018-19

  • Adani Skill Development Centre received the Special Jury Recognition Award at the Indian Chamber of Commerce Social Impact Awards
  • GAIMS, Bhuj, received the Kayakalp Award by the Health and Family Welfare Department, Govt. of Gujarat.
  • SuPoshan won the BSNL DainikJagran CSR Awards and was awarded with the esteemed Public Affairs Asia (PAA) Gold Standard Award for Corporate Citizenship (Community Relations).

Financial Year 2019-20

  • Golden Peacock Awards - HR Excellence Award
  • ISGF Innovation Awards - Gold Award for Smart Technology
  • Star of the Industry Awards - Excellence in Business Transformation (CGD)

Milestones

2018

  • Adani Gas Ltd. gets listed, slated to be the largest CGD Company in India
  • Adani Gas expands pan-India CGD presence

2019

  • TOTAL joins Adani to create India’s premier integrated gas utility

2020

  • AGL signs Definitive Agreement for acquisition of 3 Geographical Areas (GAs)
  • Adani Group announces strategic collaboration with Snam, Europe’s leading gas infrastructure company on energy mix transition
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