Adani Total Gas
- P/E
- 91.4x
- 52-week range
- 462.8 – 859.85
- ROE
- 14%
- ROCE
- 15%
- Sector
- Gas
- Industry
- LPG/CNG/PNG/LNG Supplier
- Listed on
- NSE, BSE
About
Adani Total Gas Limited is an India-based city gas distribution (CGD) company. The Company supplies Piped Natural Gas (PNG) to the industrial, commercial, and residential segments and Compressed Natural Gas (CNG) to the automotive segment. It is also engaged in the businesses of biogas, biofuel, biomass, Liquid to Compressed Natural Gas (LCNG), Electric Vehicle (EV), High Calorific Natural Gas (HCNG), hydrogen, manufacturing of various equipment and provision of value-added services relating to CGD business. It has a presence in over 33 geographical areas, including states like Madhya Pradesh, Uttar Pradesh, Gujarat, Chhattisgarh, Haryana, Karnataka, Tamil Nadu, Odisha and Rajasthan. Its wholly owned subsidiaries include Adani TotalEnergies E-mobility Limited (ATEL), which is engaged in charging infrastructure for electric vehicles and Adani TotalEnergies Bio-Gas Limited (ATBL), which is focused on compressed biogas (CBG) and organic fertilizer production.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
LPG/CNG/PNG/LNG Supplier: 7 companies →Adani Total Gas against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)91.4 against a typical 14.5: pricier than most peers (1st = cheapest).7th of 7
- Sales growth+34.1% against a typical +24.4% from a year earlier.3rd of 7
- Profit growth+3.1% against a typical +35% from a year earlier.5th of 7
- Share price, 3 months−18.5% against a typical −8%.6th of 7
Latest announcements
Exchange filings and their impact on the company.
- Q2/H1 results approved; CEO to become Executive Director as incumbent retires, ensuring continuity.
Adani Total Gas board on October 22, 2026 approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026. It noted cessation of Executive Director Suresh P. Manglani on superannuation with effect from October 31, 2026. It approved appointment of current CEO Sanjay Pandita as Additional and Whole-time Director designated as Executive Director and CEO from November 1, 2026 for three years, subject to shareholder approval, ensuring leadership continuity.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by 3 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA+ | Stable | 6 Aug 2026 |
| CARE | CARE AA+ | Stable | 30 Jul 2026 |
| CRISIL | Crisil AA+ | Stable | 21 Aug 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 6 Aug 2026 | Reaffirmed | [ICRA]AA+ | — | ICRA | ₹ 4,700 Cr. | |
| 30 Jul 2026 | Reaffirmed | CARE AA+ | — | CARE | ₹ 4,243.52 Cr. | |
| 21 Aug 2025 | New rating | Crisil AA+ | — | CRISIL | ₹ 4,650 Cr. | |
| 8 Aug 2025 | New rating | CARE AA+ | — | CARE | ₹ 4,650 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 22 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 21 Jul 2026 | Financial Results | To consider and approve the unaudited financial results (Standalone and Consolidated) for the quarter ended Jun 30, 2026 |
| 27 Apr 2026 | Financial Results/Dividend | To consider and approve the audited financial results for the quarter and financial year ended March 31, 2026 and to recommend dividend, if any, on the equity shares of the Company for the financial year 2025-26. |
| 22 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 28 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 28 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,155 | 1,166 | 1,144 | 1,216 | 1,291 | 1,336 | 1,372 | 1,444 | 1,499 | 1,549 | 1,743 | 1,936 |
| Expenses | 867 | 877 | 847 | 909 | 1,026 | 1,071 | 1,080 | 1,151 | 1,196 | 1,249 | 1,476 | 1,610 |
| Operating Profit | 288 | 289 | 296 | 307 | 264 | 265 | 292 | 293 | 303 | 299 | 268 | 326 |
| OPM % | 25% | 25% | 26% | 25% | 20% | 20% | 21% | 20% | 20% | 19% | 15% | 17% |
| Other Income | 13 | 16 | 12 | 6 | 8 | 9 | 9 | 9 | 9 | 10 | 13 | 14 |
| Interest | 31 | 29 | 26 | 23 | 27 | 24 | 28 | 26 | 41 | 35 | 39 | 36 |
| Depreciation | 38 | 49 | 45 | 50 | 52 | 52 | 54 | 59 | 60 | 60 | 64 | 68 |
| Profit before tax | 231 | 227 | 237 | 240 | 193 | 198 | 219 | 217 | 212 | 214 | 178 | 235 |
| Tax % | 26% | 27% | 25% | 26% | 26% | 25% | 26% | 26% | 26% | 27% | 25% | 29% |
| Net Profit | 172 | 165 | 177 | 178 | 143 | 149 | 162 | 162 | 157 | 156 | 133 | 167 |
| EPS in Rs | 1.57 | 1.5 | 1.61 | 1.62 | 1.3 | 1.36 | 1.47 | 1.47 | 1.43 | 1.42 | 1.21 | 1.52 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 18%
- 5 Years
- 28%
- 3 Years
- 10%
- TTM
- 24%
- 10 Years
- 22%
- 5 Years
- 6%
- 3 Years
- 6%
- TTM
- −1%
- 10 Years
- —
- 5 Years
- −19%
- 3 Years
- −2%
- TTM
- —
- 10 Years
- 20%
- 5 Years
- 18%
- 3 Years
- 17%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Adani Total Gas | ₹ 534.70 | — | 91.4x | — | 14% | — |
| Gail (India) | ₹ 163.30 | ₹ 1,07,371 Cr. | 14.9x | 1.3x | 8.7% | 5.3% |
| Gujarat Energy Ltd | ₹ 214.20 | ₹ 20,097 Cr. | 12.3x | 1.4x | 4.9% | 5.7% |
| Indraprastha Gas | ₹ 141.95 | ₹ 19,873 Cr. | 13.8x | 1.9x | 14% | 8.7% |
| Mahanagar Gas | ₹ 1,025.00 | ₹ 10,169 Cr. | 12.9x | 1.7x | 13.7% | 9.3% |
| Confidence Petroleum India | ₹ 70.50 | ₹ 2,478 Cr. | 26.1x | 1.7x | 6.8% | 2% |
Management
- Sanjay Pandita
- Chief Executive Officer
- Preyash Vishwesh Jhaveri
- Interim Chief Financial Officer
- Anil Ramsahay Agrawal
- Company Secretary and Compliance Officer
- Suresh Prakash Manglani
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.