Adani Total Gas Ltd

₹ 2,389 -0.16%
01 Jul - close price
About

AGL is engaged in City Gas Distribution (CGD) business and supplies natural gas to domestic, commercial, industrial and vehicle users.

Key Points

Promoted by Adani and Total Group[1] Co. was incorporated and promoted by the Adani group in 2005. In 2020, the Total Corporation bought a 37.4% stake and became a co-promoter of the company. The Total group is a France-based energy conglomerate.

  • Market Cap 262,745 Cr.
  • Current Price 2,389
  • High / Low 2,740 / 773
  • Stock P/E 521
  • Book Value 22.1
  • Dividend Yield 0.01 %
  • ROCE 24.6 %
  • ROE 23.0 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 28.92% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.25%

Cons

  • Stock is trading at 108.13 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.

Peer comparison

Sector: Gas Distribution Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
451 473 489 462 197 418 496 584 494 648 883 1,012
316 337 333 294 120 208 283 380 287 417 680 881
Operating Profit 135 136 156 168 77 210 213 205 207 231 203 131
OPM % 30% 29% 32% 36% 39% 50% 43% 35% 42% 36% 23% 13%
11 12 10 12 8 -2 9 15 8 15 8 10
Interest 10 11 10 10 9 10 10 11 11 13 13 15
Depreciation 13 12 13 14 14 15 16 17 19 21 21 22
Profit before tax 123 125 144 156 63 182 195 191 185 213 177 104
Tax % 35% 4% 20% 22% 26% 26% 26% 24% 25% 25% 26% 27%
Net Profit 79 120 114 122 46 136 145 145 138 159 132 76
EPS in Rs 0.72 1.10 1.04 1.11 0.42 1.23 1.32 1.32 1.26 1.44 1.20 0.69

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1,129 1,087 1,374 1,719 1,875 1,696 3,038
921 809 1,008 1,264 1,280 991 2,265
Operating Profit 208 278 366 455 595 704 773
OPM % 18% 26% 27% 26% 32% 42% 25%
26 -22 80 59 44 30 42
Interest 43 44 125 90 41 40 53
Depreciation 52 56 61 67 51 63 83
Profit before tax 138 156 259 357 547 631 679
Tax % 41% 35% 36% 36% 20% 25% 26%
Net Profit 81 101 165 229 436 472 505
EPS in Rs 2.08 3.97 4.29 4.59
Dividend Payout % 54% 0% 0% 12% 6% 6% 5%
Compounded Sales Growth
10 Years: %
5 Years: 23%
3 Years: 21%
TTM: 79%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 28%
TTM: 5%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 139%
1 Year: 160%
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 27%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
257 257 110 110 110 110 110
Reserves 357 458 769 1,002 1,370 1,842 2,320
475 549 1,345 394 428 529 1,035
345 396 442 552 577 741 964
Total Liabilities 1,434 1,660 2,812 2,058 2,486 3,222 4,429
757 832 897 980 1,198 1,379 1,733
CWIP 157 87 102 190 342 696 1,171
Investments 49 91 189 186 291 436 648
471 651 1,624 701 655 711 878
Total Assets 1,434 1,660 2,812 2,058 2,486 3,222 4,429

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
255 258 277 356 492 654 736
-413 -303 -988 791 -461 -770 -1,137
39 50 779 -1,077 -102 39 422
Net Cash Flow -118 5 68 70 -71 -78 21

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 13 19 38 18 12 22 22
Inventory Days 19 21 19 15 14 25 15
Days Payable 22 28 63 35 28 55 31
Cash Conversion Cycle 10 11 -6 -2 -2 -8 6
Working Capital Days 109 152 52 5 -12 -101 -59
ROCE % 22% 22% 25% 34% 31% 25%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
74.80 74.80 74.80 74.80 74.80 74.80 74.80 74.80 74.80 74.80 74.80 74.80
21.59 21.48 21.22 20.36 19.92 20.11 20.27 19.12 18.72 18.89 18.16 17.83
0.50 0.45 0.30 0.33 0.34 0.32 0.78 2.16 3.35 3.64 4.72 5.19
3.11 3.27 3.68 4.51 4.94 4.77 4.15 3.92 3.13 2.67 2.32 2.18

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