Adani Total Gas share price
NSE: ATGLBSE: 542066GasMid Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹537.75.
28 Oct: open ₹536.00, high ₹538.50, low ₹530.05
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹58,675 Cr165th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 91.40
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 11.33
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.05%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 13.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 12.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.45
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 3,78,71132.6% delivered
About Adani Total Gas
Adani Total Gas Limited builds and runs city gas networks in India, supplying piped natural gas (PNG) to homes, industries and commercial establishments, and compressed natural gas (CNG) to vehicles.1 It also runs electric vehicle charging points, makes compressed biogas and is developing LNG fuelling stations for heavy transport and mining.1
The company reports one business segment, the sale of natural gas, and earns all its revenue in India.2 It holds licences for 34 geographical areas (districts or groups of districts where a regulator authorises one company to build a city gas network), and 19 more belong to Indian Oil-Adani Gas Private Limited, its 50:50 joint venture with Indian Oil Corporation Limited.3 Adani Total Gas's own areas lie in 14 states.4 Its 2 wholly owned subsidiaries, Adani TotalEnergies E-Mobility Limited and Adani TotalEnergies Biomass Limited, run the charging and biomass businesses, and Smart Meter Technologies Private Limited, another 50:50 joint venture, makes gas meters.3
It was incorporated in 2005.5 Its promoters, the Adani group and TotalEnergies, each hold 37.4%; TotalEnergies Holdings SAS bought its stake in Feb 2020.6 Gautam S. Adani, founder and chairman of the Adani Group, is its non-executive chairman, and Sanjay Pandita is its chief executive.78
Adani Total Gas key points
Results
- On a standalone basis, revenue was ₹2,102 crore in the quarter to Sep 2026, against ₹1,569 crore a year earlier; EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹340 crore against ₹302 crore, and profit after tax ₹167 crore against ₹162 crore.9
- Consolidated profit after tax was ₹173 crore in the quarter to Sep 2026 and ₹315 crore in the half year to Sep 2026.10
- On a standalone basis, total revenue was ₹6,415 crore in the year to Mar 2026, against ₹5,432 crore a year earlier; EBITDA was ₹1,225 crore and profit after tax ₹637 crore.1112
Gas sales volumes
- Standalone gas sales were 315 million standard cubic metres (MMSCM) in the quarter to Sep 2026, up 12% year on year; CNG volume rose 17% and PNG volume 3%.131415
- In the year to Mar 2026, the company's gas sales volume grew 14% to 1,133 MMSCM: CNG rose 18% to 782 MMSCM and PNG nearly 6% to 351 MMSCM.16
- Geographical areas it entered more recently supplied 41% of its gas sales volume in the quarter to Sep 2026, against 35% a year earlier.17
Network and customers
- At the end of Sep 2026 its own network had 723 CNG stations, 16,305 inch-km of steel pipeline (pipe diameter in inches times kilometres laid), 11.81 lakh homes on piped gas and 10,864 industrial and commercial customers.1819
- With Indian Oil-Adani Gas, the network covered 125 districts and 14% of India's population, with 1,185 CNG stations and more than 14.31 lakh home connections at the end of Sep 2026.2021
- In the year to Mar 2026 it completed 9 city gate stations, where gas enters its network from the national grid.22
- Its customers include 3 public sector oil marketing companies that contributed more than 10% of standalone revenue in the year to Mar 2026.23
Gas sourcing
- The company's cost of natural gas rose 43% in the quarter to Sep 2026, driven by higher volumes, Brent-linked prices and the West Asia crisis.24
- APM allocation for its CNG segment (gas the government allocates at a regulated price) averaged around 25% in the quarter to Sep 2026; the shortfall came from HPHT gas (from high-pressure, high-temperature fields), new-well gas, contracts and market purchases.25
EV charging and biogas
- Its charging subsidiary had 5,513 installed electric vehicle charge points in 225 cities across 26 states and union territories at the end of Sep 2026, 4,809 of them operational, with about 63 MW of capacity.26
- Phase 1 of its farm-waste biogas plant at Barsana, Uttar Pradesh, of 10 tonnes a day, was commissioned in the year to Mar 2026; pre-development work was initiated on municipal waste biogas projects in Ahmedabad and Rajkot.27
- It sold 460 tonnes of compressed biogas (purified methane made from organic waste) in the half year to Sep 2026.28
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that it plans investments of ₹10,000 crore to ₹15,000 crore over the next 5 to 8 years.29
- The company stated in its annual report for the year to Mar 2026 that it targets more than 21,000 inch-km of steel pipeline, more than 1,100 CNG stations and 20 lakh home connections by the year to Mar 2030.30
- On its earnings call of 22 Jul 2026, the company said it targets 10,000 EV charging points.31
Recent events
- ICRA reaffirmed the company's long-term credit rating (an agency's view of its ability to repay debt) at AA+ with a stable outlook on 7 Aug 2026, after CARE Ratings did the same on 31 Jul 2026.3233
- The government withdrew temporary pooled gas support from 5 Jul 2026 and introduced a revised framework for allocating HPHT gas to city gas companies, based on their demand and shortfall.34
- In its exchange filing of 11 Mar 2026, the company said some gas suppliers had curtailed supply after the Middle East escalation, affecting its industrial customers.35
Litigation and regulatory matters
- As of its annual report of 29 May 2026, the company was contesting a NOIDA Authority demand of ₹150.00 crore in licence fees for allotted plots; an order of 28 Mar 2024 disposed of its revision petition, directing the authority to decide its representations.36
- In the same report, it had appealed to the Appellate Tribunal for Electricity against regulator orders of April 2023 that rejected its application for the Noida area and split the Faridabad area, awarding part to another entity.37
- In the same report, the US Department of Justice and SEC had brought an indictment and a civil complaint against a non-executive director, not the company; in the quarter to Mar 2026 his counsel agreed to accept SEC service without accepting the court's jurisdiction.38
Last updated
All 38 sources, each with its page
- 1. Annual report, 29 May 2026, page 161
- 2. Annual report, 29 May 2026, page 290
- 3. Investor presentation, 22 Oct 2026, page 5
- 4. Annual report, 29 May 2026, page 185
- 5. Annual report, 29 May 2026, page 146
- 6. Investor presentation, 22 Oct 2026, page 31
- 7. Annual report, 29 May 2026, page 163
- 8. Investor presentation, 22 Oct 2026, page 3
- 9. Investor presentation, 22 Oct 2026, page 4
- 10. Investor presentation, 22 Oct 2026, page 4
- 11. Annual report, 29 May 2026, page 161
- 12. Investor presentation, 22 Oct 2026, page 40
- 13. Investor presentation, 22 Oct 2026, page 2
- 14. Investor presentation, 22 Oct 2026, page 3
- 15. Investor presentation, 22 Oct 2026, page 4
- 16. Annual report, 29 May 2026, page 26
- 17. Investor presentation, 22 Oct 2026, page 22
- 18. Investor presentation, 22 Oct 2026, page 2
- 19. Investor presentation, 22 Oct 2026, page 19
- 20. Investor presentation, 22 Oct 2026, page 8
- 21. Investor presentation, 22 Oct 2026, page 2
- 22. Annual report, 29 May 2026, page 26
- 23. Annual report, 29 May 2026, page 290
- 24. Investor presentation, 22 Oct 2026, page 4
- 25. Investor presentation, 22 Oct 2026, page 4
- 26. Investor presentation, 22 Oct 2026, page 4
- 27. Annual report, 29 May 2026, page 161
- 28. Investor presentation, 22 Oct 2026, page 4
- 29. Annual report, 29 May 2026, page 27
- 30. Annual report, 29 May 2026, page 33
- 31. Earnings call, 22 Jul 2026, page 3
- 32. Exchange filing, 7 Aug 2026, page 1
- 33. Exchange filing, 31 Jul 2026, page 1
- 34. Investor presentation, 22 Oct 2026, page 3
- 35. Exchange filing, 11 Mar 2026, page 1
- 36. Annual report, 29 May 2026, page 276
- 37. Annual report, 29 May 2026, page 290
- 38. Annual report, 29 May 2026, page 290
Results
Consolidated; ₹ crore.Adani Total Gas quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +24.0%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +2.6%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,110 Crup 10.64%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹173 Crup 22.26%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 8.2%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,401what Revenue, Dec 2024, includes. This period's revenue includes excise duty of ₹106 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,453what Revenue, Mar 2025, includes. This period's revenue includes excise duty of ₹112 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,498what Revenue, Jun 2025, includes. This period's revenue includes excise duty of ₹120 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,576what Revenue, Sep 2025, includes. This period's revenue includes excise duty of ₹125 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,639what Revenue, Dec 2025, includes. This period's revenue includes excise duty of ₹132 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,695what Revenue, Mar 2026, includes. This period's revenue includes excise duty of ₹137 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,907what Revenue, Jun 2026, includes. This period's revenue includes excise duty of ₹153 crore, a tax on the goods the company makes that it collects and pays to the government. | 2,110what Revenue, Sep 2026, includes. This period's revenue includes excise duty of ₹166 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 142 | 155 | 165 | 163 | 159 | 168 | 142 | 173 |
| Net margin | 10.2% | 10.6% | 11.0% | 10.4% | 9.7% | 9.9% | 7.4% | 8.2% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹6,409 Crup 18.42%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹656 Crup 0.20%
- Net margin
- 10.2%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,823what Revenue, Mar 2019, includes. This period's revenue includes excise duty of ₹105 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,991 | 1,784what Revenue, Mar 2021, includes. This period's revenue includes excise duty of ₹89 crore, a tax on the goods the company makes that it collects and pays to the government. | 3,206what Revenue, Mar 2022, includes. This period's revenue includes excise duty of ₹169 crore, a tax on the goods the company makes that it collects and pays to the government. | 4,683what Revenue, Mar 2023, includes. This period's revenue includes excise duty of ₹305 crore, a tax on the goods the company makes that it collects and pays to the government. | 4,816what Revenue, Mar 2024, includes. This period's revenue includes excise duty of ₹342 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,412what Revenue, Mar 2025, includes. This period's revenue includes excise duty of ₹412 crore, a tax on the goods the company makes that it collects and pays to the government. | 6,409what Revenue, Mar 2026, includes. This period's revenue includes excise duty of ₹514 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 229 | 436 | 463 | 509 | 546 | 668 | 654 | 656 |
| Net margin | 12.5% | 21.9% | 25.9% | 15.9% | 11.7% | 13.9% | 12.1% | 10.2% |
Business segments
In the year to Mar 2026 the company reports one business segment, Natural Gas, which carries all its revenue.
Valuation
Today, against the company's own history.Adani Total Gas PE ratio and valuation
At or below today's level on 17% of 1,729 trading days since Nov 2019.
At or below today's level on 5% of 1,838 trading days since May 2019.
At or below today's level on 76% of 1,857 trading days since Jan 2019.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −15.3% | +0.2% | −15.5% | 0.0% |
| 3 years | −16.2% | +6.2% | −21.2% | 0.0% |
| 5 years | −11.9% | +7.2% | −17.8% | 0.0% |
Mutual fund holdings
79 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 74 of the 76 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 79 funds holding Adani Total Gas
- AddedAdded. Funds that held more shares than at the end of the month before.
- 39
- CutCut. Funds that held fewer shares than at the end of the month before.
- 37
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 2
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
| 2,73,111 | 0.41% | ₹16.2 Cr | |
| 2,62,256 | 0.41% | ₹15.6 Cr | |
| 1,98,881 | 0.68% | ₹11.8 Cr | |
| 1,83,701 | 0.41% | ₹10.9 Cr | |
| 1,38,714 | 0.68% | ₹8.24 Cr | |
| 1,31,404 | 2.80% | ₹7.80 Cr | |
| 1,24,199 | 0.41% | ₹7.38 Cr | |
| 85,639 | 0.40% | ₹5.09 Cr | |
| 84,767 | 0.41% | ₹5.03 Cr | |
| 82,506 | 1.74% | ₹4.90 Cr |
Adani Total Gas competitors and peers
LPG/CNG/PNG/LNG Supplier, 8 listed companies, priced on 28 Oct 2026. The table lists the 7 companies closest to Adani Total Gas in market cap.Oil and gas companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 42,735 | 10.16 | 1.92 | −24.8% | +13.4% | 20.0% | 21.9% | 3.51% | |
| 19,909 | – | – | +42.0% | – | – | – | 4.19% | |
| 19,692 | 14.50 | 1.71 | +9.8% | −18.5% | 12.3% | 9.5% | 3.38% | |
| 10,399 | 14.54 | 1.62 | +11.3% | −33.1% | 11.6% | 13.5% | 2.85% | |
| 2,284 | 17.00 | 1.61 | +72.5% | – | 9.8% | 11.5% | 0.15% | |
| 1,008 | 13.79 | 1.01 | +12.0% | +80.9% | 7.5% | 9.4% | 0.61% | |
| Axiom Gas EngineeringAXIOMGAS | 119 | – | – | – | – | – | – | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Adani Total Gas dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 12 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.25 |
| 13 Jun 2025 | Final | ₹0.25 |
| 14 Jun 2024 | Final | ₹0.25 |
| 7 Jul 2023 | Final | ₹0.25 |
| 14 Jul 2022 | Final | ₹0.25 |
| 24 Jun 2021 | Final | ₹0.25 |
Latest announcements
Routine notices left out.Adani Total Gas announcements
Oct 2026
22 Oct · Results
13 Oct · Analysts
Sep 2026
23 Sep · General Updates
22 Sep · General Updates
Adani Total Gas share price by year
Each calendar year to 2025.Adani Total Gas share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 566.70 | −25.5% | 780.75 | 547.15 |
| 2024 | 761.05 | −23.0% | 1,119.40 | 579.45 |
| 2023 | 987.95 | −73.2% | 3,918.90 | 530.60 |
| 2022 | 3,692.85 | +114.5% | 3,885.30 | 1,565.05 |
| 2021 | 1,721.80 | +358.4% | 1,945.25 | 352.25 |
| 2020 | 375.60 | +130.9% | 380.40 | 81.75 |
| 2019 | 162.70 | +61.4% | 181.70 | 88.55 |
| 2018 | 100.80 | – | 111.55 | 75.60 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 532.00 | 539.80 | 530.30 | 537.75 | 535.50 | 4,23,892 | 35.6% |
| 26 Oct 2026 | 527.00 | 538.60 | 519.05 | 532.00 | 531.88 | 7,21,525 | 28.2% |
| 23 Oct 2026 | 559.00 | 559.80 | 520.55 | 529.50 | 530.81 | 12,15,162 | 26.3% |
| 22 Oct 2026 | 556.90 | 558.65 | 547.65 | 552.85 | 553.55 | 4,53,629 | 30.8% |
| 21 Oct 2026 | 573.65 | 573.95 | 555.25 | 559.40 | 562.24 | 4,01,833 | 38.2% |
| 19 Oct 2026 | 579.10 | 582.25 | 572.15 | 573.65 | 576.03 | 3,25,938 | 40.6% |
| 16 Oct 2026 | 578.65 | 584.95 | 573.20 | 579.35 | 580.09 | 3,60,508 | 33.3% |
| 15 Oct 2026 | 582.00 | 582.95 | 574.50 | 576.80 | 578.70 | 3,67,763 | 32.5% |
| 14 Oct 2026 | 572.20 | 585.00 | 567.60 | 581.60 | 578.62 | 6,43,649 | 26.8% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 30 Jan 2023 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for. |
| 27 Jan 2023 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
Company details
- NSE symbol
- ATGL
- BSE code
- 542066
- ISIN
- INE399L01023
- Industry
- Gas
- Former symbols
- ADANIGAS
- Website
- www.adanigas.com
- CIN
- L40100GJ2005PLC046553
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2005
- Registered office
- Adani Corporate House, Shantigram, Near Vaishnav Devi Circle, S. G. Highway, Khodiyar, Ahmedabad 382421, Gujarat
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments