ATGL · Adani Total Gas Ltd · Natural Gas Utilities
ATGL · Adani Total Gas Ltd · Natural Gas Utilities
As of 05 Nov close
52-week range
32.4% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹1,907 Cr
Revenue YoY
PAT YoY
-14.2%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
13.3
P/S (TTM)
9.6
Sector P/E
13.5
Dividend yield
+0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| ATGL (this stock) | 127.2 | 13.3 | +9.3% | +13.0% | 0.46 | +0.0% |
| Gail (India) | 11.5 | 1.3 | +6.7% | +11.1% | 0.28 | +3.2% |
| Gujarat Energy Ltd | 9.1 | 1.3 | +8.9% | +14.6% | 0.18 | +3.7% |
| Indraprastha Gas | 17 | 1.8 | +7.3% | +11.8% | 0.01 | +3.1% |
Promoter
stable
FII
stable
MF
0.20% (+0.05pp)
rising 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- mediumeconomictimes.indiatimes.com· 23 Oct 2026, 12:54 pmBroader markets crash! Small, midcap indices tumble up to 4%. Why analysts are sounding the alarm
- loweconomictimes.indiatimes.com· 09 Oct 2026, 05:40 amGQG Partners sells Rs 24,400 cr worth of Indian stocks in 2026; ITC, Adani shares among key exits
- highbusiness-standard.com· 08 Oct 2026, 12:36 pmAdani group stocks under pressure; Enterprises, Green Energy tank up to 7%
- lowthehindubusinessline.com· 01 Sept 2026, 01:05 pmAdani Power leads group rally as buying bets lift sentiment
- unknowneconomictimes.indiatimes.com· 28 Aug 2026, 10:00 amOil & gas stocks after 6 months of West Asia crisis: Who beat markets, who lagged & what’s next?
- highbusiness-standard.com· 11 Aug 2026, 09:24 amAdani group stocks jump up to 3% on US court relief for Gautam Adani
- mediumregulatoryeconomictimes.indiatimes.com· 15 Jul 2026, 09:05 amIndian Gas Exchange files for IPO as parent IEX looks to pare stake
Concalls & investor presentations
AI-generatedKey takeaway: Adani Total Gas Limited (ATGL) held its Q1 FY27 earnings conference call on July 22, 2026, where management discussed the company's performance for the quarter ended June 30, 2026. CEO Sanjay Pandita highlighted that geopolitical issues in West Asia impacted gas prices, but government interventions ensured uninterrupted supply. ATGL reported a 13% year-on-year increase in gas sales volume, reaching 303 MMSCM, with significant growth in both the CNG and PNG segments. The company expanded its steel pipeline network and added 38,000 new household connections, bringing the total to 1.14 million. Revenue grew by 27% year-on-year to INR 1,908 crores, while EBITDA was INR 281 crores. Management acknowledged margin compression due to gas sourcing costs and indicated efforts to stabilize margins. The company also emphasized its commitment to sustainability, achieving high ESG ratings. The call concluded with an invitation for further questions from investors and analysts.
Management provided a balanced overview of operational performance and challenges.
Sourced from an exchange-filed transcript, dated 28 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Adani Total Gas Limited (ATGL) held its Q4 FY '26 earnings conference call on April 28, 2026, where management provided updates on business performance amid geopolitical tensions affecting global energy markets. Management reported a 17% year-on-year growth in CNG volumes and a 5% increase in PNG volumes for the fourth quarter. The company added nearly 50,000 new domestic PNG connections, marking its highest quarterly addition. ATGL's total revenue for Q4 rose by 16% to INR 1,696 crores, while EBITDA increased by 13% to INR 310 crores. Profit after tax for the quarter was INR 156 crores, up 4%. Management highlighted strong ESG performance, receiving a CareEdge-ESG rating of 83 out of 100. The discussion also covered gas sourcing strategies and the impact of government policies on supply and pricing. The call concluded with management expressing gratitude to stakeholders for their support.
Management emphasized strong performance and growth across key business metrics.
Sourced from an exchange-filed transcript, dated 05 May 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedAdani Total Gas Limited (ATGL) reported FY2025-26 results with a focus on expanding clean energy infrastructure and leveraging intelligence for growth. The company maintains robust compliance with statutory and regulatory requirements, with no defaults in loan repayments or tax assessments. Key audit matters included revenue recognition complexities due to varied pricing and transaction volumes. The company has no material contingent liabilities or unresolved disputes impacting its going concern status, and statutory dues were up to date. ATGL emphasizes ESG initiatives, including CSR programs in education and community health, and maintains strong corporate governance practices with regular board evaluations and training.
- No defaults in loan repayments or tax assessments noted.
- Key audit matter focused on revenue recognition complexities due to varied pricing and transaction volumes.
- No material contingent liabilities or unresolved disputes impacting going concern status.
- Statutory dues were up to date with no disputes except for specific claims under review.
- Robust ESG initiatives including CSR programs in education and community health.
Key takeaway: ATGL demonstrates strong compliance, no material financial defaults, and focuses on ESG and clean energy growth with audit challenges primarily in revenue recognition.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (2 items); Regulatory Action (4 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
2 occurrencesEarlier (1-3 years ago)
The predecessor auditor, Shah Dhandharia & Co LLP, expressed a qualified opinion on the Company's standalone financial statements for the year ended 31 March 2023 in their audit report dated 2 May 2023.
Older (3+ years ago)
The auditor issued a qualified opinion on Adani Total Gas Limited's standalone financial statements for the year ended March 31, 2023, indicating that the financial statements do not present a true and fair view due to the effects of the matters described in the 'Basis for Qualified Opinion' section of the report.
Regulatory Action
4 occurrencesRecent (last 12 months)
The company faces a risk of regulatory non-compliance due to inadequate monitoring of statutory requirements, including potential non-fulfilment of Minimum Work Programme (MWP) obligations prescribed by PNGRB for GA, which may result in regulatory action or financial penalties.
Earlier (1-3 years ago)
ADANI TOTAL GAS LIMITED paid penalties of 1.6 lakh to BSE and NSE for non-compliance of SEBI listing regulations, and 10 million to PNGRB for non-compliance of PNGRB regulations in the financial year.
ADANI TOTAL GAS LIMITED paid a fine of 7,94,000 to BSE Limited and NSE for non-compliance of certain provisions of SEBI Listing regulations in the financial year.
Older (3+ years ago)
PNGRB has issued authorization for Faridabad district-2 and rejected Noida authorization, with a speaking order awaited.
Routine disclosures
Contingent Liability
5 occurrencesRecent (last 12 months)
The company has various legal, tax, and other obligations that may impact it, and it recognizes contingent liabilities based on the probability of future outflows of resources, though actual outflows may differ from the estimated amounts.
Earlier (1-3 years ago)
The company has a contingent liability of claims by a vendor exceeding the provision made for liquidated damages (net) related to Use or Pay charges for Calendar Year 2023.
ADANI TOTAL GAS LIMITED has contingent liabilities as of March 31, 2024 and March 31, 2023, with details provided in the financial statements.
Older (3+ years ago)
The company has contingent liabilities related to claims against it not acknowledged as of 31st March, 2023 and 2022.
The company paid ₹9.99 Crores towards Service Tax liability including interest and penalty as per Supreme Court order dated 28th August 2020 regarding gas connection income for FY 2008-09.
Related-Party Transaction
5 occurrencesRecent (last 12 months)
The Company has entered into an arrangement for backstopping support towards repayment of principal of Compulsory Convertible Debentures (CCDs) amounting to ₹689 Crore issued by Joint Venture Indian Oil-Adani Gas Private Limited.
Earlier (1-3 years ago)
The company's land asset titled under Gujarat Adani Energy Limited, which is not held in the company's name, is related to a demerger of the city gas distribution business from Ada.
The company holds land under Gujarat Adani Energy Limited, which is not in the company's name. The title deeds are held by a promoter, director, or relative of a promoter/director or employee of a promoter/director. The land was acquired in December 2009 due to the demerger of the city gas distribution business from Adani Energy Limited into Adani Total Gas Limited.
Older (3+ years ago)
The company has provided corporate guarantees amounting to 3,533.46 crores to IndianOil - Adani Gas Private Limited as of 31st March, 2023.
The company seeks member approval for ratification of material related party transactions entered into during FY 2021-22, which exceeded 10% of the annual consolidated turnover as per the last audited financial statements.
Statutory dues in dispute
2 occurrencesOlder (3+ years ago)
The company has not deposited service tax, Income-Tax, excise duty, Sales Tax/Value added Tax, and Municipal Corporation Tax dues due to disputes.
The company has not deposited certain statutory dues related to service tax, income-tax, excise duty, sales tax/VAT, and municipal corporation tax due to disputes, with specific amounts and periods listed.
Management & Board Governance
2 occurrencesRecent (last 12 months)
Mr. Parag Parikh, Chief Financial Officer, resigned effective September 30, 2025. Mr. Preyash Jhaveri was appointed as Interim Chief Financial Officer effective December 22, 2025. Ms. Mira Soni, Company Secretary, resigned effective May 31, 2025. Mr. Anil Agrawal was appointed as Company Secretary effective June 1, 2025.
Earlier (1-3 years ago)
The Secretarial Auditor observed that the company's board composition was intermittently non-compliant with Section 149 of the Act and SEBI regulations, leading to penalties from stock exchanges. The company has since complied with the regulations except for the appointment of a Company Secretary.