Adani Total Gas Share Price: As you know, Adani Gas is a very popular name in the energy sector of India today, and many people also want to buy its shares, but it is very important to know the future forecast of its stocks. So, let us tell you ATGL share price prediction from 2024 to 2030, the company’s financials, fundamentals, shareholders and more so that you can understand whether you should invest in this company or not.
Adani Total Gas (ATGL) Company Overview
Adani Total Gas Limited (ATGL) is a joint venture between Total Energy and Adani Group which distributes natural gas across India. As the demand for clean energy is increasing, the company is also expanding its network in this field through city gas distribution (CGD) services. It is very important for long-term investors to understand ATGL share price targets.
| Company Name | Adani Total Gas Ltd. |
| Founded | 2005 |
| Headquarters | Ahmedabad, Gujarat |
| Industry | Natural Gas distribution |
| CEO | Suresh P Manglani |
| Stock Exchange Listing | NSE & BSE |
| Official Website | adanigas.com |
Adani Total Gas (ATGL) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Cap | ₹87,434.90 Cr. |
| ROE | 20.09% |
| ROCE | 21.26% |
| P/E | 126.2 |
| P/B | 22.46 |
| Div. Yield | 0.04% |
| Book Value | ₹35.39 |
| Face Value | ₹1 |
| EPS (TTM) | ₹6.30 |
| 52 Week High | ₹1,259.40 |
| 52 Week Low | ₹545.75 |
Also Read: Indus Towers Share Price Target
Adani Total Gas (ATGL) Financials
Income Statement
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Revenue | 44.76B | 2.22% |
| Operating expense | 6.07B | 27.96% |
| Net income | 6.68B | 22.14% |
| Net profit margin | 14.91 | 19.47% |
| Earnings per share | — | — |
| EBITDA | 10.85B | 26.05% |
| Effective tax rate | 25.53% | — |
Balance Sheet
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Cash and short-term investments | 1.41B | 170.83% |
| Total assets | 65.92B | 16.77% |
| Total liabilities | 30.12B | 11.36% |
| Total equity | 35.80B | — |
| Shares outstanding | 1.10B | — |
| Price to book | 21.32 | — |
| Return on assets | 9.67% | — |
| Return on Capital | 12.46% | — |
Cash Flow
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Net income | 6.68B | 22.14% |
| Cash from operations | 9.55B | 11.99% |
| Cash from investing | -7.52B | 35.51% |
| Cash from financing | -777.30M | -126.38% |
| Net change in cash | 1.25B | 755.42% |
| Free cash flow | -668.76M | 91.96% |
Also Read: Tata Teleservices Share Price Target
Adani Total Gas Share Price Target From 2024 to 2030
| Year | ATGL Target Price |
|---|---|
| Adani Total Gas Share Price Target 2024 | ₹900 |
| Adani Total Gas Share Price Target 2025 | ₹1070 |
| Adani Total Gas Share Price Target 2026 | ₹1280 |
| Adani Total Gas Share Price Target 2027 | ₹1360 |
| Adani Total Gas Share Price Target 2028 | ₹1470 |
| Adani Total Gas Share Price Target 2029 | ₹1650 |
| Adani Total Gas Share Price Target 2030 | ₹1880 |
Adani Total Gas (ATGL) Shareholding Pattern
- Retail & Other: 6.00%
- Promoters: 74.80%
- Foreign Institution: 13.07%
- Mutual Funds: 0.11%
- Other Domestic Institution: 6.02%
Also Read: Fiserv Share Price Target
Adani Total Gas (ATGL) Competitors/Peer Companies
- Petronet LNG
- GAIL (India)
- Indraprastha Gas
- Gujarat Gas
- Mahanagar Gas
- GSPL
- Positron Energy
- IRM Energy
Also Read: Sagility India Share Price Target
Conclusion
So in this article, we discussed ATGL share price targets from 2024 to 2030 and more. If you want to invest in the shares of Adani Total Gas Limited, then it can prove to be a better option for you for the long term, but before investing, take a good look at the financials and fundamentals of the company and only then decide whether to invest or not.
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FAQs
-
Is Adani Total Gas Share good to buy?
Yes.
-
Is Adani Gas good for long term?
Yes.
Disclaimer: The information in this blog is for educational purposes only, and the targets mentioned in it are given as suggestions by market analysts. Therefore, before investing your money in any company, it is mandatory to get complete information about the company and consult your financial advisor.
