Adani Total Gas Ltd

Adani Total Gas Ltd

₹ 1,039 1.32%
01 Mar - 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

Company Overview
It is promoted by Adani Group and Total Energy each having 37.4% stake in the company. It operates in the development of city gas distribution (CGD) networks for the continuous supply of piped natural gas (PNG) and compressed natural gas (CNG). It ventured into e-mobility and biomass businesses through subsidiaries - Adani TotalEnergies E-mobility and Adani TotalEnergies Biomass. It has also formed a 50:50 joint venture for its gas meter manufacturing business.[1]

  • Market Cap 1,14,287 Cr.
  • Current Price 1,039
  • High / Low 1,260 / 522
  • Stock P/E 191
  • Book Value 29.4
  • Dividend Yield 0.02 %
  • ROCE 20.7 %
  • ROE 20.4 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 35.3 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
496 584 494 648 883 1,012 1,042 1,116 1,106 1,115 1,056 1,096 1,156
283 380 287 417 680 881 824 889 876 926 808 816 868
Operating Profit 213 205 207 231 203 131 219 226 230 189 248 280 288
OPM % 43% 35% 42% 36% 23% 13% 21% 20% 21% 17% 23% 26% 25%
9 15 8 15 8 10 10 31 10 9 10 15 18
Interest 10 11 11 13 13 15 19 21 6 32 24 27 31
Depreciation 16 17 19 21 21 22 24 27 31 31 33 38 39
Profit before tax 195 191 185 213 177 104 186 208 203 136 201 230 236
Tax % 26% 24% 25% 25% 26% 27% 26% 23% 26% 28% 25% 25% 25%
146 144 143 158 128 81 138 160 150 98 150 173 177
EPS in Rs 1.33 1.31 1.30 1.44 1.16 0.74 1.26 1.45 1.37 0.89 1.37 1.57 1.61
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,374 1,719 1,875 1,696 3,038 4,378 4,423
1,008 1,264 1,280 991 2,265 3,508 3,418
Operating Profit 366 455 595 704 773 870 1,005
OPM % 27% 26% 32% 42% 25% 20% 23%
80 59 44 30 46 54 52
Interest 125 90 41 40 53 78 114
Depreciation 61 67 51 63 83 113 140
Profit before tax 259 357 547 631 684 733 803
Tax % 36% 36% 20% 25% 26% 25%
162 229 436 463 509 546 597
EPS in Rs 6.31 2.08 3.97 4.21 4.63 4.97 5.44
Dividend Payout % 0% 12% 6% 6% 5% 5%
Compounded Sales Growth
10 Years: %
5 Years: 26%
3 Years: 33%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 8%
TTM: 13%
Stock Price CAGR
10 Years: %
5 Years: 58%
3 Years: 16%
1 Year: 33%
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 23%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 257 110 110 110 110 110 110
Reserves 759 992 1,361 1,824 2,306 2,831 3,126
Preference Capital 0 0 0 0 0 0
1,345 394 428 529 1,035 1,422 1,356
442 552 577 741 964 1,282 1,350
Total Liabilities 2,803 2,048 2,476 3,204 4,415 5,645 5,943
897 980 1,198 1,379 1,733 2,335 2,518
CWIP 102 190 342 696 1,171 1,619 1,641
Investments 180 176 282 417 634 682 696
1,624 701 655 711 878 1,010 1,088
Total Assets 2,803 2,048 2,476 3,204 4,415 5,645 5,943

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
277 356 492 654 732 853
-988 791 -461 -770 -1,133 -1,167
779 -1,077 -102 39 422 295
Net Cash Flow 68 70 -71 -78 21 -19

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 38 18 12 22 22 22
Inventory Days 18 15 14 25 15 11
Days Payable 57 35 28 55 31 36
Cash Conversion Cycle -2 -2 -2 -8 6 -3
Working Capital Days 52 5 -12 -89 -59 -50
ROCE % 24% 34% 31% 25% 21%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.80% 74.80% 74.80% 74.80% 74.80% 74.80% 74.80% 74.80% 74.80% 74.80% 74.80% 74.80%
19.12% 18.72% 18.89% 18.16% 17.83% 17.55% 17.44% 17.25% 16.32% 14.08% 13.94% 13.06%
2.16% 3.35% 3.64% 4.72% 5.19% 5.60% 5.82% 6.09% 6.14% 6.15% 6.15% 6.14%
3.92% 3.13% 2.67% 2.32% 2.18% 2.05% 1.94% 1.85% 2.75% 4.97% 5.11% 5.98%
No. of Shareholders 1,62,5551,87,8691,56,1461,31,8221,30,7471,37,8411,42,6971,36,0223,01,5304,82,9194,94,1866,53,417

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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