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Adani Total Gas

₹867.5 -11.8 | 1.3%

Market Cap ₹95403 Cr.

Stock P/E 142.9

P/B 26.6

Current Price ₹867.5

Book Value ₹ 32.6

Face Value 1

52W High ₹1259.9

Dividend Yield 0.03%

52W Low ₹ 522

Adani Total Gas Research see more...

Overview Inc. Year: 2005Industry: Gas Transmission/Marketing

Adani Total Gas Ltd. distributes PNG to industrial, commercial, and residential customers. The company additionally distributes compressed natural gasoline to the transportation sector. It has gas distribution networks in various cities like Gujarat, Haryana, Karnataka, Tamil Nadu, Rajasthan, Madhya Pradesh, Uttar Pradesh, Chattisgarh, and Odisha. As of March 31, 2021, the business enterprise had 217 CNG filling stations. The organization initially known as Adani Gas Limited and changed its name to Adani Total Gas Ltd in January 2021. Adani Total Gas Ltd was founded in 2004 and is based in Ahmedabad, India.

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Adani Total Gas Share Price

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Adani Total Gas Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 932 1065 1110 1190 1186 1197 1135 1179 1244 1258
Other Income 8 10 9 10 8 9 7 9 12 15
Total Income 940 1076 1119 1200 1194 1207 1143 1188 1256 1273
Total Expenditure 728 934 892 964 956 1002 888 899 956 970
Operating Profit 211 141 228 236 238 205 255 289 300 303
Interest 13 15 19 21 6 32 24 27 31 29
Depreciation 21 22 24 27 31 31 33 38 39 49
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 177 104 185 188 201 142 199 224 230 225
Provision for Tax 45 28 47 48 53 38 51 57 59 61
Profit After Tax 132 76 138 139 148 104 148 167 171 164
Adjustments -4 5 1 21 2 -6 3 6 5 4
Profit After Adjustments 128 81 138 160 150 98 150 173 177 168
Adjusted Earnings Per Share 1.2 0.7 1.3 1.5 1.4 0.9 1.4 1.6 1.6 1.5

Adani Total Gas Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1374 1719 1875 1696 3038 4378 4816
Other Income 80 87 45 45 42 37 43
Total Income 1454 1806 1919 1740 3079 4415 4860
Total Expenditure 1009 1264 1280 992 2265 3508 3713
Operating Profit 445 541 639 749 815 907 1147
Interest 125 90 41 40 53 78 111
Depreciation 61 67 51 63 83 113 159
Exceptional Income / Expenses 0 -28 0 -14 0 0 0
Profit Before Tax 259 357 547 631 684 733 878
Provision for Tax 94 128 111 159 174 186 228
Profit After Tax 165 229 436 472 509 546 650
Adjustments -3 -0 0 -9 0 0 18
Profit After Adjustments 162 229 436 463 509 546 668
Adjusted Earnings Per Share 0.6 2.1 4 4.2 4.6 5 6.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 44% 33% 26% 0%
Operating Profit CAGR 11% 12% 15% 0%
PAT CAGR 7% 8% 27% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 4% -13% 46% NA%
ROE Average 20% 24% 25% 24%
ROCE Average 21% 26% 27% 26%

Adani Total Gas Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 869 1102 1471 1934 2416 2941
Minority's Interest 0 0 0 0 0 0
Borrowings 1234 346 298 308 352 268
Other Non-Current Liabilities 334 109 117 154 182 243
Total Current Liabilities 364 492 591 808 1464 2193
Total Liabilities 2803 2048 2476 3204 4415 5645
Fixed Assets 897 980 1198 1379 1733 2335
Other Non-Current Assets 1255 394 720 1601 2321 2453
Total Current Assets 651 674 558 223 362 858
Total Assets 2803 2048 2476 3204 4415 5645

Adani Total Gas Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 21 89 159 89 10 31
Cash Flow from Operating Activities 277 356 492 654 732 853
Cash Flow from Investing Activities -988 791 -461 -771 -1133 -1167
Cash Flow from Financing Activities 779 -1077 -102 39 422 295
Net Cash Inflow / Outflow 68 70 -71 -78 21 -19
Closing Cash & Cash Equivalent 89 159 89 10 31 12

Adani Total Gas Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0.63 2.08 3.97 4.21 4.63 4.97
CEPS(Rs) 0.88 2.69 4.43 4.86 5.38 6
DPS(Rs) 0 0.25 0.25 0.25 0.25 0.25
Book NAV/Share(Rs) 3.96 10.02 13.37 17.58 21.97 26.74
Core EBITDA Margin(%) 25.03 24.93 29.85 39.45 24.11 18.57
EBIT Margin(%) 26.36 24.48 29.56 37.64 22.97 17.32
Pre Tax Margin(%) 17.77 19.55 27.5 35.37 21.33 15.64
PAT Margin (%) 11.29 12.54 21.91 26.45 15.89 11.67
Cash Profit Margin (%) 15.48 16.23 24.46 29.95 18.47 14.08
ROA(%) 5.87 9.43 19.28 16.62 13.37 10.86
ROE(%) 16.2 21.6 33.91 27.72 23.42 20.4
ROCE(%) 17.36 24.06 34.92 31.27 25.25 21
Receivable days 35.35 22.41 13.2 16.86 16.52 17.78
Inventory Days 10.56 8.62 7.82 9.54 7.33 6.54
Payable days 57.34 40.25 32.1 46.98 26.58 27.93
PER(x) 0 61.96 21.78 228.42 463.91 174.52
Price/Book(x) 0 12.86 6.46 54.67 97.81 32.43
Dividend Yield(%) 0 0.19 0.29 0.03 0.01 0.03
EV/Net Sales(x) 1.15 8.38 5.24 62.63 78.11 22.01
EV/Core EBITDA(x) 3.54 26.61 15.36 141.84 291.32 106.29
Net Sales Growth(%) 0 25.14 9.05 -9.55 79.16 44.12
EBIT Growth(%) 0 16.15 31.83 14.15 9.65 10.11
PAT Growth(%) 0 38.97 90.74 8.19 7.94 7.28
EPS Growth(%) 0 229.61 90.78 6.07 10.07 7.28
Debt/Equity(x) 1.32 0.36 0.27 0.25 0.41 0.47
Current Ratio(x) 1.79 1.37 0.94 0.28 0.25 0.39
Quick Ratio(x) 1.67 1.28 0.87 0.21 0.19 0.35
Interest Cover(x) 3.07 4.97 14.33 16.59 13.97 10.34
Total Debt/Mcap(x) 0 0.03 0.04 0 0 0.01

Adani Total Gas Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 74.8 74.8 74.8 74.8 74.8 74.8 74.8 74.8 74.8 74.8
FII 18.16 17.83 17.55 17.44 17.25 16.31 14.08 13.94 13.06 13.14
DII 4.72 5.19 5.59 5.82 6.09 6.14 6.15 6.15 6.14 6.12
Public 2.32 2.18 2.05 1.95 1.86 2.75 4.97 5.11 6 5.94
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 27% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Debtor days have increased from 26.58 to 27.93days.
  • Stock is trading at 26.6 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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