ATGL

Adani Total GasNSEI:ATGL Stock Report

Market Cap

₹1.6t

7D

3.1%

1Y

615.7%

Updated

16 Sep, 2021

Data

Company Financials +
ATGL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance6/6
Financial Health4/6
Dividends0/6

ATGL Overview

Adani Total Gas Limited distributes piped natural gas (PNG) to industrial, commercial, and residential customers.

Rewards

Earnings are forecast to grow 19.06% per year

Earnings grew by 43.1% over the past year

Risk Analysis

No risks detected for ATGL from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Adani Total Gas
Historical stock prices
Current Share Price₹1,434.25
52 Week High₹174.25
52 Week Low₹1,679.00
Beta1.49
1 Month Change47.38%
3 Month Change13.97%
1 Year Change615.69%
3 Year Changen/a
5 Year Changen/a
Change since IPO1,797.16%

Recent News & Updates

Aug 23
These 4 Measures Indicate That Adani Total Gas (NSE:ATGL) Is Using Debt Reasonably Well

These 4 Measures Indicate That Adani Total Gas (NSE:ATGL) Is Using Debt Reasonably Well

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Jul 12
Adani Total Gas (NSE:ATGL) Is Very Good At Capital Allocation

Adani Total Gas (NSE:ATGL) Is Very Good At Capital Allocation

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...

Jun 21
If You Like EPS Growth Then Check Out Adani Total Gas (NSE:ATGL) Before It's Too Late

If You Like EPS Growth Then Check Out Adani Total Gas (NSE:ATGL) Before It's Too Late

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

ATGLIN Gas UtilitiesIN Market
7D3.1%2.4%1.6%
1Y615.7%157.5%59.4%

Return vs Industry: ATGL exceeded the Indian Gas Utilities industry which returned 157.5% over the past year.

Return vs Market: ATGL exceeded the Indian Market which returned 59.4% over the past year.

Price Volatility

Is ATGL's price volatile compared to industry and market?
ATGL volatility
ATGL Beta1.49
Industry Beta1.01
Market Beta1

Stable Share Price: ATGL is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ATGL's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004425Suresh Manglanihttps://www.adanigas.com

Adani Total Gas Limited distributes piped natural gas (PNG) to industrial, commercial, and residential customers. The company also distributes compressed natural gas to the transportation sector. It has gas distribution networks in Gujarat, Haryana, Karnataka, Tamil Nadu, Rajasthan, Madhya Pradesh, Uttar Pradesh, Chattisgarh, and Odisha.

Adani Total Gas Fundamentals Summary

How do Adani Total Gas's earnings and revenue compare to its market cap?
ATGL fundamental statistics
Market Cap₹1.58t
Earnings (TTM)₹5.66b
Revenue (TTM)₹19.93b

278.5x

P/E Ratio

79.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATGL income statement (TTM)
Revenue₹19.93b
Cost of Revenue₹9.50b
Gross Profit₹10.43b
Expenses₹4.76b
Earnings₹5.66b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)5.17
Gross Margin52.32%
Net Profit Margin28.43%
Debt/Equity Ratio27.4%

How did ATGL perform over the long term?

See historical performance and comparison

Dividends

0.02%

Current Dividend Yield

5%

Payout Ratio

Valuation

Is Adani Total Gas undervalued compared to its fair value and its price relative to the market?

278.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ATGL (₹1434.25) is trading above our estimate of fair value (₹58.31)

Significantly Below Fair Value: ATGL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ATGL is poor value based on its PE Ratio (278.5x) compared to the Indian Gas Utilities industry average (21.2x).

PE vs Market: ATGL is poor value based on its PE Ratio (278.5x) compared to the Indian market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: ATGL is poor value based on its PEG Ratio (14.6x)


Price to Book Ratio

PB vs Industry: ATGL is overvalued based on its PB Ratio (81.6x) compared to the IN Gas Utilities industry average (5x).


Future Growth

How is Adani Total Gas forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

19.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATGL's forecast earnings growth (19.1% per year) is above the savings rate (6.8%).

Earnings vs Market: ATGL's earnings (19.1% per year) are forecast to grow faster than the Indian market (18.4% per year).

High Growth Earnings: ATGL's earnings are forecast to grow, but not significantly.

Revenue vs Market: ATGL's revenue (29.2% per year) is forecast to grow faster than the Indian market (12.6% per year).

High Growth Revenue: ATGL's revenue (29.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ATGL's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Adani Total Gas performed over the past 5 years?

31.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATGL has high quality earnings.

Growing Profit Margin: ATGL's current net profit margins (28.4%) are higher than last year (24.4%).


Past Earnings Growth Analysis

Earnings Trend: ATGL's earnings have grown significantly by 31.9% per year over the past 5 years.

Accelerating Growth: ATGL's earnings growth over the past year (43.1%) exceeds its 5-year average (31.9% per year).

Earnings vs Industry: ATGL earnings growth over the past year (43.1%) exceeded the Gas Utilities industry 26.6%.


Return on Equity

High ROE: ATGL's Return on Equity (29.3%) is considered high.


Financial Health

How is Adani Total Gas's financial position?


Financial Position Analysis

Short Term Liabilities: ATGL's short term assets (₹2.2B) do not cover its short term liabilities (₹8.1B).

Long Term Liabilities: ATGL's short term assets (₹2.2B) do not cover its long term liabilities (₹4.6B).


Debt to Equity History and Analysis

Debt Level: ATGL's debt to equity ratio (27.4%) is considered satisfactory.

Reducing Debt: ATGL's debt to equity ratio has reduced from 77.2% to 27.4% over the past 5 years.

Debt Coverage: ATGL's debt is well covered by operating cash flow (123.5%).

Interest Coverage: ATGL's interest payments on its debt are well covered by EBIT (65.4x coverage).


Balance Sheet


Dividend

What is Adani Total Gas's current dividend yield, its reliability and sustainability?

0.017%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ATGL's dividend (0.017%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: ATGL's dividend (0.017%) is low compared to the top 25% of dividend payers in the Indian market (1.43%).


Stability and Growth of Payments

Stable Dividend: ATGL is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: ATGL is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: ATGL is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ATGL's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average board tenure


CEO

Suresh Manglani (56 yo)

no data

Tenure

₹28,900,000

Compensation

Mr. Suresh P. Manglani serves as Chief Executive Officer of Adani Total Gas Limited (formerly known as Adani Gas Limited) at Adani Enterprises Limited since July 2020. Mr. Manglani served as Chief Executiv...


CEO Compensation Analysis

Compensation vs Market: Suresh's total compensation ($USD393.05K) is below average for companies of similar size in the Indian market ($USD1.19M).

Compensation vs Earnings: Suresh's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: ATGL's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Adani Total Gas Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Adani Total Gas Limited
  • Ticker: ATGL
  • Exchange: NSEI
  • Founded: 2004
  • Industry: Gas Utilities
  • Sector: Utilities
  • Market Cap: ₹1.577t
  • Shares outstanding: 1.10b
  • Website: https://www.adanigas.com

Number of Employees


Location

  • Adani Total Gas Limited
  • Adani Corporate House
  • Shantigram
  • Ahmedabad
  • Gujarat
  • 382421
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 15:35
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.