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Adani Total Gas share price

NSE: ATGLBSE: 542066GasMid Cap

Adani Total Gas Limited · Formerly Adani Gas · Face value ₹1 · Listed Nov 2018
Last close ₹533.50down ₹4.25 (0.79%)BSE ₹532.45

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

52-week range of traded prices to 28 Oct 2026
₹462.80Low, 9 Mar 2026₹859.85High, 29 May 2026
Market cap
₹58,675 Cr165th largest listed
P/E
91.40
P/B
11.33
Dividend yield
0.05%
ROE
13.3%
ROCE
12.5%
Debt to equity
0.45
Volume, NSE
3,78,71132.6% delivered

Adani Total Gas share price chart

Daily closes since Nov 2018, adjusted for splits and bonuses

−14.1%over a year · Nifty Oil & Gas −12.3% · Nifty 500 −8.8%

Results20-session average 5,40,913 shares a day, 30.4% 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. 1. Annual report, 29 May 2026, page 161
  2. 2. Annual report, 29 May 2026, page 290
  3. 3. Investor presentation, 22 Oct 2026, page 5
  4. 4. Annual report, 29 May 2026, page 185
  5. 5. Annual report, 29 May 2026, page 146
  6. 6. Investor presentation, 22 Oct 2026, page 31
  7. 7. Annual report, 29 May 2026, page 163
  8. 8. Investor presentation, 22 Oct 2026, page 3
  9. 9. Investor presentation, 22 Oct 2026, page 4
  10. 10. Investor presentation, 22 Oct 2026, page 4
  11. 11. Annual report, 29 May 2026, page 161
  12. 12. Investor presentation, 22 Oct 2026, page 40
  13. 13. Investor presentation, 22 Oct 2026, page 2
  14. 14. Investor presentation, 22 Oct 2026, page 3
  15. 15. Investor presentation, 22 Oct 2026, page 4
  16. 16. Annual report, 29 May 2026, page 26
  17. 17. Investor presentation, 22 Oct 2026, page 22
  18. 18. Investor presentation, 22 Oct 2026, page 2
  19. 19. Investor presentation, 22 Oct 2026, page 19
  20. 20. Investor presentation, 22 Oct 2026, page 8
  21. 21. Investor presentation, 22 Oct 2026, page 2
  22. 22. Annual report, 29 May 2026, page 26
  23. 23. Annual report, 29 May 2026, page 290
  24. 24. Investor presentation, 22 Oct 2026, page 4
  25. 25. Investor presentation, 22 Oct 2026, page 4
  26. 26. Investor presentation, 22 Oct 2026, page 4
  27. 27. Annual report, 29 May 2026, page 161
  28. 28. Investor presentation, 22 Oct 2026, page 4
  29. 29. Annual report, 29 May 2026, page 27
  30. 30. Annual report, 29 May 2026, page 33
  31. 31. Earnings call, 22 Jul 2026, page 3
  32. 32. Exchange filing, 7 Aug 2026, page 1
  33. 33. Exchange filing, 31 Jul 2026, page 1
  34. 34. Investor presentation, 22 Oct 2026, page 3
  35. 35. Exchange filing, 11 Mar 2026, page 1
  36. 36. Annual report, 29 May 2026, page 276
  37. 37. Annual report, 29 May 2026, page 290
  38. 38. Annual report, 29 May 2026, page 290

Results

Consolidated; ₹ crore.Adani Total Gas quarterly results

Revenue growth, 12 months
+24.0%
Net profit growth, 12 months
+2.6%

Quarter to Sep 2026, against the quarter before

Revenue
₹2,110 Crup 10.64%
Net profit
₹173 Crup 22.26%
Net margin
8.2%

Revenue by quarter

₹1,401 CrDec 24₹1,453 CrMar 25₹1,498 CrJun 25₹1,576 CrSep 25₹1,639 CrDec 25₹1,695 CrMar 26₹1,907 CrJun 26₹2,110 CrSep 26
Peak revenue ₹2,110 Cr, quarter to Sep 2026; lowest ₹1,401 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹142 CrDec 24₹155 CrMar 25₹165 CrJun 25₹163 CrSep 25₹159 CrDec 25₹168 CrMar 26₹142 CrJun 26₹173 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue1,4011,4531,4981,5761,6391,6951,9072,110
Net profit142155165163159168142173
Net margin10.2%10.6%11.0%10.4%9.7%9.9%7.4%8.2%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

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

Price to earnings

At or below today's level on 17% of 1,729 trading days since Nov 2019.

LowestHighest
Its median123.92Industry median14.50
Price to book

At or below today's level on 5% of 1,838 trading days since May 2019.

LowestHighest
Its median23.18Industry median1.62
Dividend yield

At or below today's level on 76% of 1,857 trading days since Jan 2019.

LowestHighest
Its median0.04%Industry median3.11%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Adani Total Gas shareholding pattern

Shareholding by group

  • Promoters74.80%
  • Foreign institutions12.84%
  • Indian institutions6.38%
  • Individuals and others5.98%
Holder
TotalEnergies Holdings SASPromoter37.40%
Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani (on behalf of S. B. Adani Family Trust)Promoter37.38%
Life Insurance Corporation of IndiaInsurance companies6.02%
Envestcom Holding Rsc LtdForeign portfolio investors, category II4.96%
Rahi Rajesh AdaniPromoter0.01%
Vanshi Rajesh AdaniPromoter0.01%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.08 pts, Indian institutions +0.03 pts, mutual funds +0.01 pts.

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

Added
39
Cut
37
Held unchanged
2
Sold out
1
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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

Return on equity across, P/E up, size is market cap
Company
Petronet LNG logoPetronet LNGPETRONET42,73510.161.92−24.8%+13.4%20.0%21.9%3.51%
Gujarat Energy logoGujarat EnergyGUJENERGY19,909––+42.0%–––4.19%
Indraprastha Gas logoIndraprastha GasIGL19,69214.501.71+9.8%−18.5%12.3%9.5%3.38%
Mahanagar Gas logoMahanagar GasMGL10,39914.541.62+11.3%−33.1%11.6%13.5%2.85%
Confidence Petroleum India logoConfidence Petroleum IndiaCONFIPET2,28417.001.61+72.5%–9.8%11.5%0.15%
IRM Energy logoIRM EnergyIRMENERGY1,00813.791.01+12.0%+80.9%7.5%9.4%0.61%
Axiom Gas EngineeringAXIOMGAS119––––––0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

0.3Mar 190.3Mar 200.3Mar 210.3Mar 220.3Mar 230.3Mar 240.3Mar 250.3Mar 26
Highest ₹0.25 a share, in 8 years, the latest the year to Mar 2026.
Ex-dateTypePer share
12 Jun 2026Final₹0.25
13 Jun 2025Final₹0.25
14 Jun 2024Final₹0.25
7 Jul 2023Final₹0.25
14 Jul 2022Final₹0.25
24 Jun 2021Final₹0.25
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Adani Total Gas announcements

Adani Total Gas share price by year

Each calendar year to 2025.Adani Total Gas share price history

YearClose at year endChangeHighest closeLowest close
2025566.70−25.5%780.75547.15
2024761.05−23.0%1,119.40579.45
2023987.95−73.2%3,918.90530.60
20223,692.85+114.5%3,885.301,565.05
20211,721.80+358.4%1,945.25352.25
2020375.60+130.9%380.4081.75
2019162.70+61.4%181.7088.55
2018100.80–111.5575.60
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 5 Nov 2018.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026532.00539.80530.30537.75535.504,23,89235.6%
26 Oct 2026527.00538.60519.05532.00531.887,21,52528.2%
23 Oct 2026559.00559.80520.55529.50530.8112,15,16226.3%
22 Oct 2026556.90558.65547.65552.85553.554,53,62930.8%
21 Oct 2026573.65573.95555.25559.40562.244,01,83338.2%
19 Oct 2026579.10582.25572.15573.65576.033,25,93840.6%
16 Oct 2026578.65584.95573.20579.35580.093,60,50833.3%
15 Oct 2026582.00582.95574.50576.80578.703,67,76332.5%
14 Oct 2026572.20585.00567.60581.60578.626,43,64926.8%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
30 Jan 2023Price 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 2023Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
Each event is noted and not adjusted for.

Company details

Chairperson
Gautam S. Adani
At the end of the quarter to Jun 2026
NSE symbol
ATGL
BSE code
542066
ISIN
INE399L01023
Industry
Gas
Former symbols
ADANIGAS
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