Adani Total Gas Ltd.
•₹ 646.1-1.76%
2026-08-21
PROS
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 28.3% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.55x)
- Working capital cycle has improved - days down from -28 to -46
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
CONS
- Contingent liabilities are large at 72.3% of net worth
- Stock is trading at 11.5x its book value
- Company has delivered a poor profit growth of 6.8% over past five years
- Expensive relative to growth - PEG of 18.4
- Though reporting repeated profits, the company pays out little dividend (4.2%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | GAIL | 172.10 | 11.45 | 113157.46 | 3.20 | 4670.99 | 96.08 | 41350.18 | 16.71 | 10.16 | 17.99 |
| 2. | ATGL | 663.85 | 115.49 | 73010.89 | 0.04 | 1417.20 | 757.66 | 19067.90 | 1172.62 | 16.96 | 14.67 |
| 3. | GUJENERGY | 265.90 | 18.38 | 34862.28 | 3.35 | 1007.40 | 207.47 | 9771.38 | 140.35 | 19.75 | 14.41 |
| 4. | IGL | 153.05 | 15.74 | 21427.02 | 3.10 | 237.92 | -44.39 | 5043.44 | 16.56 | 21.81 | 6.95 |
| 5. | MGL | 1128.80 | 15.58 | 11150.04 | 2.66 | 192.64 | -39.38 | 2598.90 | 13.88 | 18.78 | 13.18 |
| 6. | CFEL | 30.81 | 10.71 | 77.09 | 0.81 | 1.17 | 409.57 | 35.84 | -12.54 | 8.59 | 11.04 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 888 | 899 | 956 | 970 | 943 | 1,013 | 1,136 | 1,187 | 1,205 | 1,281 | 1,334 | 1,394 | 1,742 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 7 | 9 | 12 | 15 | 9 | 7 | 7 | 8 | 8 | 9 | 9 | 12 | 13 |
| Interest | 24 | 27 | 31 | 29 | 26 | 23 | 27 | 24 | 28 | 26 | 41 | 35 | 39 |
| Depreciation | 33 | 38 | 39 | 49 | 46 | 51 | 53 | 53 | 56 | 62 | 62 | 63 | 67 |
| 199 | 224 | 230 | 225 | 233 | 238 | 191 | 197 | 218 | 216 | 211 | 215 | 187 | |
| Tax % | 25.72% | 25.52% | 25.68% | 27.24% | 25.67% | 25.95% | 26.01% | 24.85% | 26.16% | 25.66% | 26.11% | 27.28% | 24.17% |
| Net Profit | 0 | 0 | 0 | 0 | 172 | 186 | 142 | 155 | 165 | 163 | 159 | 168 | 142 |
| 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 2 | 0 | |
| Equity Capital | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 1,135
- 888
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 24
- Depreciation
- 33
- 199
- Tax %
- 25.72%
- Net Profit
- 0
- 1
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,179
- 899
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 27
- Depreciation
- 38
- 224
- Tax %
- 25.52%
- Net Profit
- 0
- 2
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,244
- 956
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 31
- Depreciation
- 39
- 230
- Tax %
- 25.68%
- Net Profit
- 0
- 2
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,258
- 970
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 29
- Depreciation
- 49
- 225
- Tax %
- 27.24%
- Net Profit
- 0
- 2
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,239
- 943
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 26
- Depreciation
- 46
- 233
- Tax %
- 25.67%
- Net Profit
- 172
- 2
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,318
- 1,013
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 23
- Depreciation
- 51
- 238
- Tax %
- 25.95%
- Net Profit
- 186
- 2
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,401
- 1,136
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 27
- Depreciation
- 53
- 191
- Tax %
- 26.01%
- Net Profit
- 142
- 1
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,453
- 1,187
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 24
- Depreciation
- 53
- 197
- Tax %
- 24.85%
- Net Profit
- 155
- 1
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,498
- 1,205
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 28
- Depreciation
- 56
- 218
- Tax %
- 26.16%
- Net Profit
- 165
- 2
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,576
- 1,281
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 26
- Depreciation
- 62
- 216
- Tax %
- 25.66%
- Net Profit
- 163
- 1
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,639
- 1,334
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 41
- Depreciation
- 62
- 211
- Tax %
- 26.11%
- Net Profit
- 159
- 1
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,695
- 1,394
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 35
- Depreciation
- 63
- 215
- Tax %
- 27.28%
- Net Profit
- 168
- 2
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,907
- 1,742
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 39
- Depreciation
- 67
- 187
- Tax %
- 24.17%
- Net Profit
- 142
- 0
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 110
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,374 | 1,719 | 1,875 | 1,696 | 3,038 | 4,378 | 4,475 | 5,000 | 5,894 | 6,817 | |
| 1,009 | 1,264 | 1,280 | 992 | 2,265 | 3,508 | 3,371 | 3,867 | 4,700 | 5,751 | |
| Operating Profit | 445 | 541 | 639 | 749 | 814 | 907 | 1,148 | 1,164 | 1,323 | — |
| OPM % | 32 | 31 | 34 | 44 | 27 | 21 | 26 | 23 | 22 | — |
| Other Income | 80 | 87 | 45 | 45 | 42 | 37 | 44 | 31 | 128 | 43 |
| Interest | 125 | 90 | 41 | 40 | 53 | 78 | 111 | 101 | 220 | 141 |
| Depreciation | 61 | 67 | 51 | 63 | 83 | 113 | 158 | 204 | 243 | 254 |
| 259 | 357 | 547 | 631 | 684 | 733 | 896 | 875 | 882 | 829 | |
| Tax % | 36 | 36 | 20 | 25 | 26 | 25 | 26 | 25 | 26 | 26 |
| Net Profit | 165 | 229 | 436 | 472 | 509 | 546 | 668 | 654 | 656 | 614 |
| EPS | 1 | 2 | 4 | 4 | 5 | 5 | 6 | 6 | 6 | — |
| Dividend Payout % | 0 | 12 | 6 | 6 | 5 | 5 | 4 | 4 | 4 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | -3 | -0 | 0 | -9 | 0 | 0 | 0 | 0 | 0 | 27 |
| Adjusted EPS | 1 | 2 | 4 | 4 | 5 | 5 | 6 | 6 | 6 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | -3 | -0 | 0 | -9 | 0 | 0 | 0 | 0 | 0 | 27 |
| Adjusted EPS | 1 | 2 | 4 | 4 | 5 | 5 | 6 | 6 | 6 | — |
Mar 2018
- 1,374
- 1,009
- Operating Profit
- 445
- OPM %
- 32
- Other Income
- 80
- Interest
- 125
- Depreciation
- 61
- 259
- Tax %
- 36
- Net Profit
- 165
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- -3
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- -3
- Adjusted EPS
- 1
Mar 2019
- 1,719
- 1,264
- Operating Profit
- 541
- OPM %
- 31
- Other Income
- 87
- Interest
- 90
- Depreciation
- 67
- 357
- Tax %
- 36
- Net Profit
- 229
- EPS
- 2
- Dividend Payout %
- 12
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- 2
Mar 2020
- 1,875
- 1,280
- Operating Profit
- 639
- OPM %
- 34
- Other Income
- 45
- Interest
- 41
- Depreciation
- 51
- 547
- Tax %
- 20
- Net Profit
- 436
- EPS
- 4
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2021
- 1,696
- 992
- Operating Profit
- 749
- OPM %
- 44
- Other Income
- 45
- Interest
- 40
- Depreciation
- 63
- 631
- Tax %
- 25
- Net Profit
- 472
- EPS
- 4
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- -9
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- -9
- Adjusted EPS
- 4
Mar 2022
- 3,038
- 2,265
- Operating Profit
- 814
- OPM %
- 27
- Other Income
- 42
- Interest
- 53
- Depreciation
- 83
- 684
- Tax %
- 26
- Net Profit
- 509
- EPS
- 5
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2023
- 4,378
- 3,508
- Operating Profit
- 907
- OPM %
- 21
- Other Income
- 37
- Interest
- 78
- Depreciation
- 113
- 733
- Tax %
- 25
- Net Profit
- 546
- EPS
- 5
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2024
- 4,475
- 3,371
- Operating Profit
- 1,148
- OPM %
- 26
- Other Income
- 44
- Interest
- 111
- Depreciation
- 158
- 896
- Tax %
- 26
- Net Profit
- 668
- EPS
- 6
- Dividend Payout %
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2025
- 5,000
- 3,867
- Operating Profit
- 1,164
- OPM %
- 23
- Other Income
- 31
- Interest
- 101
- Depreciation
- 204
- 875
- Tax %
- 25
- Net Profit
- 654
- EPS
- 6
- Dividend Payout %
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2026
- 5,894
- 4,700
- Operating Profit
- 1,323
- OPM %
- 22
- Other Income
- 128
- Interest
- 220
- Depreciation
- 243
- 882
- Tax %
- 26
- Net Profit
- 656
- EPS
- 6
- Dividend Payout %
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
TTM
- 6,817
- 5,751
- Operating Profit
- —
- OPM %
- —
- Other Income
- 43
- Interest
- 141
- Depreciation
- 254
- 829
- Tax %
- 26
- Net Profit
- 614
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 27
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 27
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 28%
- 3 Years:
- 10%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 7%
- 3 Years:
- 6%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 0%
- 1 Year:
- 4%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 19%
- 3 Years:
- 17%
- Last Year:
- 14%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - |
| Equity Capital | 257 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 |
| 759 | 992 | 1,361 | 1,824 | 2,306 | 2,831 | 3,470 | 4,097 | 4,755 | |
| 0 | 0 | 57 | 123 | 643 | 1,104 | 486 | 41 | 10 | |
| Trade Payables | 137 | 104 | 83 | 116 | 166 | 307 | 330 | 314 | 374 |
| 1,649 | 842 | 866 | 1,032 | 1,190 | 1,294 | 2,196 | 3,103 | 4,300 | |
| Total Liabilities | 2,803 | 2,048 | 2,476 | 3,204 | 4,415 | 5,645 | 6,592 | 7,665 | 9,549 |
| ASSETS | - | - | - | - | - | - | - | - | - |
| 897 | 980 | 1,198 | 1,379 | 1,733 | 2,335 | 3,174 | 3,651 | 4,314 | |
| Capital Work in Progress | 102 | 190 | 342 | 696 | 1,171 | 1,616 | 1,498 | 1,865 | 2,001 |
| 180 | 176 | 282 | 417 | 634 | 682 | 706 | 811 | 1,690 | |
| 42 | 44 | 41 | 52 | 77 | 91 | 99 | 116 | 111 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 410 | 424 | 419 | |
| Cash & Bank | 24 | 160 | 89 | 11 | 34 | 372 | 456 | 469 | 505 |
| 1,558 | 498 | 524 | 648 | 767 | 549 | 249 | 329 | 510 | |
| Total Assets | 2,803 | 2,048 | 2,476 | 3,204 | 4,415 | 5,645 | 6,592 | 7,665 | 9,549 |
| Total Debt | 1,345 | 394 | 403 | 488 | 995 | 1,372 | 1,471 | 1,746 | 2,168 |
| Net Working Capital | 287 | 182 | -33 | -585 | -1,102 | -1,335 | -778 | -417 | -808 |
| Contingent Liabilities | 2,555 | 3,561 | 3,564 | 3,580 | 66 | 3,630 | 3,577 | 3,517 | 3,519 |
| Book Value per Share | 39.58 | 10.02 | 13.37 | 17.58 | 21.97 | 26.74 | 32.55 | 38.25 | 44.23 |
| Face Value | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 1,345 | 394 | 403 | 488 | 995 | 1,372 | 1,471 | 1,746 | 2,168 |
| Net Working Capital | 287 | 182 | -33 | -585 | -1,102 | -1,335 | -778 | -417 | -808 |
| Contingent Liabilities | 2,555 | 3,561 | 3,564 | 3,580 | 66 | 3,630 | 3,577 | 3,517 | 3,519 |
| Book Value per Share | 39.58 | 10.02 | 13.37 | 17.58 | 21.97 | 26.74 | 32.55 | 38.25 | 44.23 |
| Face Value | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2018
- Equity Capital
- 257
- 759
- 0
- Trade Payables
- 137
- 1,649
- Total Liabilities
- 2,803
- 897
- Capital Work in Progress
- 102
- 180
- 42
- 0
- Cash & Bank
- 24
- 1,558
- Total Assets
- 2,803
- Total Debt
- 1,345
- Net Working Capital
- 287
- Contingent Liabilities
- 2,555
- Book Value per Share
- 39.58
- Face Value
- 10.00
- Total Debt
- 1,345
- Net Working Capital
- 287
- Contingent Liabilities
- 2,555
- Book Value per Share
- 39.58
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 110
- 992
- 0
- Trade Payables
- 104
- 842
- Total Liabilities
- 2,048
- 980
- Capital Work in Progress
- 190
- 176
- 44
- 0
- Cash & Bank
- 160
- 498
- Total Assets
- 2,048
- Total Debt
- 394
- Net Working Capital
- 182
- Contingent Liabilities
- 3,561
- Book Value per Share
- 10.02
- Face Value
- 1.00
- Total Debt
- 394
- Net Working Capital
- 182
- Contingent Liabilities
- 3,561
- Book Value per Share
- 10.02
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 110
- 1,361
- 57
- Trade Payables
- 83
- 866
- Total Liabilities
- 2,476
- 1,198
- Capital Work in Progress
- 342
- 282
- 41
- 0
- Cash & Bank
- 89
- 524
- Total Assets
- 2,476
- Total Debt
- 403
- Net Working Capital
- -33
- Contingent Liabilities
- 3,564
- Book Value per Share
- 13.37
- Face Value
- 1.00
- Total Debt
- 403
- Net Working Capital
- -33
- Contingent Liabilities
- 3,564
- Book Value per Share
- 13.37
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 110
- 1,824
- 123
- Trade Payables
- 116
- 1,032
- Total Liabilities
- 3,204
- 1,379
- Capital Work in Progress
- 696
- 417
- 52
- 0
- Cash & Bank
- 11
- 648
- Total Assets
- 3,204
- Total Debt
- 488
- Net Working Capital
- -585
- Contingent Liabilities
- 3,580
- Book Value per Share
- 17.58
- Face Value
- 1.00
- Total Debt
- 488
- Net Working Capital
- -585
- Contingent Liabilities
- 3,580
- Book Value per Share
- 17.58
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 110
- 2,306
- 643
- Trade Payables
- 166
- 1,190
- Total Liabilities
- 4,415
- 1,733
- Capital Work in Progress
- 1,171
- 634
- 77
- 0
- Cash & Bank
- 34
- 767
- Total Assets
- 4,415
- Total Debt
- 995
- Net Working Capital
- -1,102
- Contingent Liabilities
- 66
- Book Value per Share
- 21.97
- Face Value
- 1.00
- Total Debt
- 995
- Net Working Capital
- -1,102
- Contingent Liabilities
- 66
- Book Value per Share
- 21.97
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 110
- 2,831
- 1,104
- Trade Payables
- 307
- 1,294
- Total Liabilities
- 5,645
- 2,335
- Capital Work in Progress
- 1,616
- 682
- 91
- 0
- Cash & Bank
- 372
- 549
- Total Assets
- 5,645
- Total Debt
- 1,372
- Net Working Capital
- -1,335
- Contingent Liabilities
- 3,630
- Book Value per Share
- 26.74
- Face Value
- 1.00
- Total Debt
- 1,372
- Net Working Capital
- -1,335
- Contingent Liabilities
- 3,630
- Book Value per Share
- 26.74
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 110
- 3,470
- 486
- Trade Payables
- 330
- 2,196
- Total Liabilities
- 6,592
- 3,174
- Capital Work in Progress
- 1,498
- 706
- 99
- 410
- Cash & Bank
- 456
- 249
- Total Assets
- 6,592
- Total Debt
- 1,471
- Net Working Capital
- -778
- Contingent Liabilities
- 3,577
- Book Value per Share
- 32.55
- Face Value
- 1.00
- Total Debt
- 1,471
- Net Working Capital
- -778
- Contingent Liabilities
- 3,577
- Book Value per Share
- 32.55
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 110
- 4,097
- 41
- Trade Payables
- 314
- 3,103
- Total Liabilities
- 7,665
- 3,651
- Capital Work in Progress
- 1,865
- 811
- 116
- 424
- Cash & Bank
- 469
- 329
- Total Assets
- 7,665
- Total Debt
- 1,746
- Net Working Capital
- -417
- Contingent Liabilities
- 3,517
- Book Value per Share
- 38.25
- Face Value
- 1.00
- Total Debt
- 1,746
- Net Working Capital
- -417
- Contingent Liabilities
- 3,517
- Book Value per Share
- 38.25
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 110
- 4,755
- 10
- Trade Payables
- 374
- 4,300
- Total Liabilities
- 9,549
- 4,314
- Capital Work in Progress
- 2,001
- 1,690
- 111
- 419
- Cash & Bank
- 505
- 510
- Total Assets
- 9,549
- Total Debt
- 2,168
- Net Working Capital
- -808
- Contingent Liabilities
- 3,519
- Book Value per Share
- 44.23
- Face Value
- 1.00
- Total Debt
- 2,168
- Net Working Capital
- -808
- Contingent Liabilities
- 3,519
- Book Value per Share
- 44.23
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 277 | 356 | 492 | 654 | 732 | 853 | 955 | 964 | 1,149 | |
| Cash from Investing | -988 | 791 | -461 | -770 | -1,133 | -1,167 | -752 | -933 | -1,236 |
| Cash from Financing | 779 | -1,077 | -102 | 39 | 422 | 295 | -78 | 56 | 116 |
| 68 | 70 | -71 | -78 | 21 | -19 | 125 | 87 | 29 | |
| Free Cash Flow | 277 | 118 | 72 | 55 | -177 | -308 | 77 | -82 | 118 |
| OCF / Net Profit | 1.68 | 1.56 | 1.13 | 1.38 | 1.44 | 1.56 | 1.43 | 1.47 | 1.75 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -241 | -282 | -436 | -373 |
| OCF / Net Profit | 1.68 | 1.56 | 1.13 | 1.38 | 1.44 | 1.56 | 1.43 | 1.47 | 1.75 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -241 | -282 | -436 | -373 |
Mar 2018
- 277
- Cash from Investing
- -988
- Cash from Financing
- 779
- 68
- Free Cash Flow
- 277
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- 0
Mar 2019
- 356
- Cash from Investing
- 791
- Cash from Financing
- -1,077
- 70
- Free Cash Flow
- 118
- OCF / Net Profit
- 1.56
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.56
- Cumulative 5-Year FCF
- 0
Mar 2020
- 492
- Cash from Investing
- -461
- Cash from Financing
- -102
- -71
- Free Cash Flow
- 72
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 0
Mar 2021
- 654
- Cash from Investing
- -770
- Cash from Financing
- 39
- -78
- Free Cash Flow
- 55
- OCF / Net Profit
- 1.38
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.38
- Cumulative 5-Year FCF
- 0
Mar 2022
- 732
- Cash from Investing
- -1,133
- Cash from Financing
- 422
- 21
- Free Cash Flow
- -177
- OCF / Net Profit
- 1.44
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.44
- Cumulative 5-Year FCF
- 0
Mar 2023
- 853
- Cash from Investing
- -1,167
- Cash from Financing
- 295
- -19
- Free Cash Flow
- -308
- OCF / Net Profit
- 1.56
- Cumulative 5-Year FCF
- -241
- OCF / Net Profit
- 1.56
- Cumulative 5-Year FCF
- -241
Mar 2024
- 955
- Cash from Investing
- -752
- Cash from Financing
- -78
- 125
- Free Cash Flow
- 77
- OCF / Net Profit
- 1.43
- Cumulative 5-Year FCF
- -282
- OCF / Net Profit
- 1.43
- Cumulative 5-Year FCF
- -282
Mar 2025
- 964
- Cash from Investing
- -933
- Cash from Financing
- 56
- 87
- Free Cash Flow
- -82
- OCF / Net Profit
- 1.47
- Cumulative 5-Year FCF
- -436
- OCF / Net Profit
- 1.47
- Cumulative 5-Year FCF
- -436
Mar 2026
- 1,149
- Cash from Investing
- -1,236
- Cash from Financing
- 116
- 29
- Free Cash Flow
- 118
- OCF / Net Profit
- 1.75
- Cumulative 5-Year FCF
- -373
- OCF / Net Profit
- 1.75
- Cumulative 5-Year FCF
- -373
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 6.31 | 2.08 | 3.97 | 4.21 | 4.63 | 4.97 | 6.07 | 5.95 | 5.96 |
| Book Value (₹) | 39.58 | 10.02 | 13.37 | 17.58 | 21.97 | 26.74 | 32.55 | 38.25 | 44.23 |
| Dividend per Share (₹) | 0.00 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| Cash EPS (₹) | 0.88 | 2.69 | 4.43 | 4.86 | 5.38 | 6.00 | 7.50 | 7.80 | 8.17 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 30.55% | 29.69% | 32.10% | 41.96% | 25.40% | 19.36% | 22.92% | 20.88% | 18.55% |
| Net Margin % | 11.29% | 12.54% | 21.91% | 26.45% | 15.89% | 11.67% | 13.86% | 12.06% | 10.18% |
| ROE % | 16.20% | 21.60% | 33.91% | 27.72% | 23.42% | 20.40% | 20.47% | 16.81% | 14.46% |
| ROCE % | 17.36% | 24.06% | 34.92% | 31.27% | 25.25% | 21.00% | 21.52% | 17.73% | 16.96% |
| 5.87% | 9.43% | 19.28% | 16.62% | 13.37% | 10.86% | 10.91% | 9.18% | 7.62% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - |
| Debtor Days | 35 | 22 | 13 | 17 | 17 | 20 | 27 | 28 | 24 |
| Inventory Days | 11 | 9 | 8 | 10 | 7 | 7 | 7 | 7 | 6 |
| Payable Days | 57 | 40 | 32 | 47 | 27 | 28 | 41 | 36 | 31 |
| -11 | -9 | -11 | -21 | -3 | -2 | -6 | -1 | -1 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.32x | 0.36x | 0.27x | 0.25x | 0.41x | 0.47x | 0.41x | 0.42x | 0.45x |
| Interest Coverage (x) | 3.07x | 4.97x | 14.33x | 16.59x | 13.97x | 10.34x | 9.04x | 9.66x | 5.02x |
| 1.79x | 1.37x | 0.94x | 0.28x | 0.25x | 0.39x | 0.57x | 0.73x | 0.64x | |
| GROWTH | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 25.14% | 9.05% | -9.55% | 79.16% | 44.12% | 2.21% | 11.74% | 17.89% |
| Operating Profit Growth % | 0.00% | 21.56% | 18.07% | 17.14% | 8.79% | 11.32% | 26.58% | 1.45% | 13.59% |
| Net Profit Growth % | 0.00% | 38.97% | 90.74% | 8.19% | 7.94% | 7.28% | 22.14% | -1.96% | 0.20% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 22.14% | -1.96% | 0.20% | |
| VALUATION | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 152.48x | 101.12x | 85.51x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 28.43x | 15.73x | 11.53x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.04% | 0.05% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 89.56x | 57.93x | 43.65x |
Mar 2018
- EPS (₹)
- 6.31
- Book Value (₹)
- 39.58
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.88
- Operating Margin %
- 30.55%
- Net Margin %
- 11.29%
- ROE %
- 16.20%
- ROCE %
- 17.36%
- 5.87%
- Debtor Days
- 35
- Inventory Days
- 11
- Payable Days
- 57
- -11
- Debt to Equity (x)
- 1.32x
- Interest Coverage (x)
- 3.07x
- 1.79x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 2.08
- Book Value (₹)
- 10.02
- Dividend per Share (₹)
- 0.25
- Cash EPS (₹)
- 2.69
- Operating Margin %
- 29.69%
- Net Margin %
- 12.54%
- ROE %
- 21.60%
- ROCE %
- 24.06%
- 9.43%
- Debtor Days
- 22
- Inventory Days
- 9
- Payable Days
- 40
- -9
- Debt to Equity (x)
- 0.36x
- Interest Coverage (x)
- 4.97x
- 1.37x
- Revenue Growth %
- 25.14%
- Operating Profit Growth %
- 21.56%
- Net Profit Growth %
- 38.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 3.97
- Book Value (₹)
- 13.37
- Dividend per Share (₹)
- 0.25
- Cash EPS (₹)
- 4.43
- Operating Margin %
- 32.10%
- Net Margin %
- 21.91%
- ROE %
- 33.91%
- ROCE %
- 34.92%
- 19.28%
- Debtor Days
- 13
- Inventory Days
- 8
- Payable Days
- 32
- -11
- Debt to Equity (x)
- 0.27x
- Interest Coverage (x)
- 14.33x
- 0.94x
- Revenue Growth %
- 9.05%
- Operating Profit Growth %
- 18.07%
- Net Profit Growth %
- 90.74%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 4.21
- Book Value (₹)
- 17.58
- Dividend per Share (₹)
- 0.25
- Cash EPS (₹)
- 4.86
- Operating Margin %
- 41.96%
- Net Margin %
- 26.45%
- ROE %
- 27.72%
- ROCE %
- 31.27%
- 16.62%
- Debtor Days
- 17
- Inventory Days
- 10
- Payable Days
- 47
- -21
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 16.59x
- 0.28x
- Revenue Growth %
- -9.55%
- Operating Profit Growth %
- 17.14%
- Net Profit Growth %
- 8.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 4.63
- Book Value (₹)
- 21.97
- Dividend per Share (₹)
- 0.25
- Cash EPS (₹)
- 5.38
- Operating Margin %
- 25.40%
- Net Margin %
- 15.89%
- ROE %
- 23.42%
- ROCE %
- 25.25%
- 13.37%
- Debtor Days
- 17
- Inventory Days
- 7
- Payable Days
- 27
- -3
- Debt to Equity (x)
- 0.41x
- Interest Coverage (x)
- 13.97x
- 0.25x
- Revenue Growth %
- 79.16%
- Operating Profit Growth %
- 8.79%
- Net Profit Growth %
- 7.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 4.97
- Book Value (₹)
- 26.74
- Dividend per Share (₹)
- 0.25
- Cash EPS (₹)
- 6.00
- Operating Margin %
- 19.36%
- Net Margin %
- 11.67%
- ROE %
- 20.40%
- ROCE %
- 21.00%
- 10.86%
- Debtor Days
- 20
- Inventory Days
- 7
- Payable Days
- 28
- -2
- Debt to Equity (x)
- 0.47x
- Interest Coverage (x)
- 10.34x
- 0.39x
- Revenue Growth %
- 44.12%
- Operating Profit Growth %
- 11.32%
- Net Profit Growth %
- 7.28%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 6.07
- Book Value (₹)
- 32.55
- Dividend per Share (₹)
- 0.25
- Cash EPS (₹)
- 7.50
- Operating Margin %
- 22.92%
- Net Margin %
- 13.86%
- ROE %
- 20.47%
- ROCE %
- 21.52%
- 10.91%
- Debtor Days
- 27
- Inventory Days
- 7
- Payable Days
- 41
- -6
- Debt to Equity (x)
- 0.41x
- Interest Coverage (x)
- 9.04x
- 0.57x
- Revenue Growth %
- 2.21%
- Operating Profit Growth %
- 26.58%
- Net Profit Growth %
- 22.14%
- 22.14%
- P/E (x)
- 152.48x
- P/B (x)
- 28.43x
- Dividend Yield %
- 0.03%
- 89.56x
Mar 2025
- EPS (₹)
- 5.95
- Book Value (₹)
- 38.25
- Dividend per Share (₹)
- 0.25
- Cash EPS (₹)
- 7.80
- Operating Margin %
- 20.88%
- Net Margin %
- 12.06%
- ROE %
- 16.81%
- ROCE %
- 17.73%
- 9.18%
- Debtor Days
- 28
- Inventory Days
- 7
- Payable Days
- 36
- -1
- Debt to Equity (x)
- 0.42x
- Interest Coverage (x)
- 9.66x
- 0.73x
- Revenue Growth %
- 11.74%
- Operating Profit Growth %
- 1.45%
- Net Profit Growth %
- -1.96%
- -1.96%
- P/E (x)
- 101.12x
- P/B (x)
- 15.73x
- Dividend Yield %
- 0.04%
- 57.93x
Mar 2026
- EPS (₹)
- 5.96
- Book Value (₹)
- 44.23
- Dividend per Share (₹)
- 0.25
- Cash EPS (₹)
- 8.17
- Operating Margin %
- 18.55%
- Net Margin %
- 10.18%
- ROE %
- 14.46%
- ROCE %
- 16.96%
- 7.62%
- Debtor Days
- 24
- Inventory Days
- 6
- Payable Days
- 31
- -1
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- 5.02x
- 0.64x
- Revenue Growth %
- 17.89%
- Operating Profit Growth %
- 13.59%
- Net Profit Growth %
- 0.20%
- 0.20%
- P/E (x)
- 85.51x
- P/B (x)
- 11.53x
- Dividend Yield %
- 0.05%
- 43.65x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-14 - Adani Total Gas Limited has informed the Exchange about Schedule of meet
- General Updates
2026-08-11 - Adani Total Gas Limited has informed the Exchange about ESG Rating by NSE Sustainability Ratings & Analytics Limited
Annual Reports
Credit Ratings
- Credit Rating
2026-08-07 - Adani Total Gas Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-07-31 - Adani Total Gas Limited has informed the Exchange about Credit Rating
- Credit Rating
2025-08-21 - Adani Total Gas Limited has informed the Exchange about Credit Rating
Concalls
Jul 2026
May 2026
Jan 2026