Adani Total Gas as of 1st December 2023 is trading at Rs.706 per share with a market cap of Rs. 77,630 Crore.
Future projection is a difficult undertaking in the world of investing. However, the data from the previous few years can be a helpful predictor of what to expect in the future for those who are looking to invest in Adani Total Gas Ltd.
Investors are interested in Adani Total Gas Ltd because of its remarkable financial performance in terms of revenue growth, profit growth, and earnings per share. This article will examine Adani Total Gas Ltd.’s share price target from 2023 to 2030 and assess whether it is a worthwhile company to purchase. Let’s examine the financial information to find out what this great company’s future holds.
About Adani Total Gas Limited
Adani Total Gas Limited (ATGL) is a leading Indian company incorporated on 05 August 2005, engaged in developing City Gas Distribution (CGD) Networks. The company supplies Piped Natural Gas (PNG) to various sectors and has established city gas distribution networks in cities like Ahmedabad, Vadodara, Faridabad, and Khurja.
In partnership with Indian Oil Corporation Ltd, it is also working on gas distribution development in several other cities. ATGL, formerly known as Adani Gas Limited, has its registered office in Ahmedabad, Gujarat, with an authorized capital of Rs 510.00 cr and a paid-up capital of Rs 109.98 cr.
What kind of business is Adani Total Gas in?
Adani Total Gas is in the business of marketing and distribution of natural gas, both piped and compressed, through the development of City Gas Distribution (CGD) Networks, catering to Industrial, Commercial, Domestic, and Transport sectors.
Below are the trading platforms that you can use to purchase Adani Total Gas Ltd shares:
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The table represents the projected share price targets of Adani Total Gas Ltd for the year 2024. The maximum and minimum share price targets for the year are ₹889.75 and ₹676.56, respectively.
The share prices show a bullish trend, with a mix of both upward and downward trends throughout the year.
Overall, the share price targets for Adani Total Gas Ltd in 2024 suggest a volatile market with a mix of both positive and negative trends.
|When||Maximum Price||Minimum Price|
The table represents the estimated share price targets for Adani Total Gas Ltd for the year 2025. The maximum and minimum share price targets for the year are ₹1,084.73 and ₹698.11, respectively.
The projected share price targets suggest a positive trend in the market, with an overall bullish outlook. Based on these estimates, investment analysts may recommend a “Buy” rating for Adani Total Gas Ltd shares in 2025.
|Year||Maximum Price||Minimum Price|
The share price target for Adani Total Gas in 2026 is expected to be between ₹1,138.97 and ₹797.28, while in 2027, it is expected to be between ₹1,252.87 and ₹877.01.
The share price target for 2028 is predicted to be between ₹1,754.01 and ₹877.01, and for 2029 and 2030, the target ranges from ₹1,518.63 to ₹759.31 and ₹1,974.21 to ₹1,381.95, respectively.
These targets suggest a potential upside in the share prices in the coming years. However, investors should carefully consider the risks and market conditions before making any investment decisions.
Financial Condition of Adani Total Gas: Last 5 years
|Year||Mar 2019||Mar 2020||Mar 2021||Mar 2022||Mar 2023|
|Other Income +||59||44||30||42||37|
|Profit before tax||357||547||631||679||715|
|Net Profit +||229||436||463||509||546|
|EPS in Rs||2.08||3.97||4.21||4.63||4.97|
|Dividend Payout %||12%||6%||6%||5%||5%|
Adani Total Gas is a company that has experienced significant growth in its financial performance over the past five years. From March 2019 to March 2023, the company’s sales steadily increased from 1,719 to 4,378, demonstrating a remarkable upward trend. Operating profits also witnessed substantial growth, reaching 870 in March 2023 from 455 in March 2019.
Despite fluctuations in the operating profit margin (OPM %), which ranged from 20% to 42% during this period, Adani Total Gas has consistently maintained a strong financial position. The company’s net profit rose steadily from 229 in March 2019 to 546 in March 2023, indicating its ability to generate sustainable earnings. These positive financial indicators showcase Adani Total Gas as a promising player in the energy sector.
Adani’s Total gas share price fell from Rs. 4,000 to Rs. 620 because the Hindenburg reported on Adani and Adani group companies. Before the fall, Adani Gas’s share price was trading with a PE ratio of 850. It was highly overvalued.
Since the correction, Adani Gas is better placed now, trading at a PE ratio of 128. However I think the company is still overvalued, and a fair value would be somewhere around 50.
Factors such as revenue growth, profit growth, expansion plans, government policies, and the overall growth of the natural gas industry could drive the share price of Adani Total Gas Ltd in the future.
What is the historical performance of Adani Total Gas Ltd?
Adani Total Gas Ltd has shown steady growth in its revenue and profit in the past few years and has also expanded its operations in various cities across India.
Is Adani Total Gas Ltd a good investment option?
As with any investment, it is important to do your research and analysis before making a decision. However, the article predicts a positive outlook for Adani Total Gas Ltd and its potential for future growth.
What are the risks associated with investing in Adani Total Gas Ltd?
Some of the risks associated with investing in Adani Total Gas Ltd could include changes in government policies, competition from other players in the industry, and fluctuations in natural gas prices.
How can one invest in Adani Total Gas Ltd?
One can invest in Adani Total Gas Ltd by purchasing its shares through a stockbroker or an online trading platform.
What is the dividend payout history of Adani Total Gas Ltd?
Adani Total Gas Ltd has shown a consistent increase in its dividend payout percentage in the past few years, with the latest being 5.45%.
How can one stay updated on the performance of Adani Total Gas Ltd?
One can stay updated on the performance of Adani Total Gas Ltd by regularly checking financial news and reports, following the company’s social media pages, and monitoring its share price movements on stock exchanges.
As per our prediction, Adani’s Total Gas share price target for 2025 is expected to be between ₹1,084.73 and ₹729.35.
Our Analysis predicts that the share price target for Adani Total Gas Ltd could reach up to ₹1,974.21 INR by 2030
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As discussed above, Adani Total Gas share price is trading with a PE ratio of 136, down from a PE ratio of 850. The company was highly overvalued, and even now, though the valuation has come down, the company in my opinion is still overvalued. The fair PE ratio would be around 50 to 70.
Having said that, the financial data of Adani Total Gas from 2019 to 2023 reflects a company that has exhibited impressive growth and stability. With consistent increases in sales and operating profits, Adani Total Gas has demonstrated its ability to capitalize on market opportunities and deliver strong financial performance.
Adani Total Gas has been increasing its sales at a compounded growth of 33% in the last 3 years. Compounded profit growth, however, has been in the range of 8%.
Looking at the shareholding pattern of the company, we can see the majority of the shareholders are promoters, FIIs, and DIIs with public holding of less than 5%. I would personally not be very satisfied holding a company with such low public holding. I do not have Adani Total Gas in my portfolio and would avoid it for now.
So whether you should be holding Adani Total Gas shares or not is for you to decide, but in my opinion, buying ATGL shares is not a good choice.
Disclaimer: This article on Adani Total Gas share price prediction, is just an opinion and not an investment advice. Please DYOR before investing. This article is written just for education.
What did we learn?
- 1 About Adani Total Gas Limited
- 2 What kind of business is Adani Total Gas in?
- 3 Adani Total Gas Ltd Q2 FY2023-2024 Highlights
- 4 How to purchase Adani Total Gas Ltd shares?
- 5 Adani Total Gas Share Price Target: 2023 to 2030
- 6 Financial Condition of Adani Total Gas: Last 5 years
- 7 Why did Adani’s Total Gas share price fall from Rs. 4,000?
- 8 FAQS
- 8.1 What factors could drive the share price of Adani Total Gas Ltd in the future?
- 8.2 What is the historical performance of Adani Total Gas Ltd?
- 8.3 Is Adani Total Gas Ltd a good investment option?
- 8.4 What are the risks associated with investing in Adani Total Gas Ltd?
- 8.5 How can one invest in Adani Total Gas Ltd?
- 8.6 What is the dividend payout history of Adani Total Gas Ltd?
- 8.7 How can one stay updated on the performance of Adani Total Gas Ltd?
- 8.8 What is the Adani Total Gas share price target for 2025?
- 8.9 What is the share price target for Adani Total Gas Ltd for 2030?
- 9 Conclusion: Should you buy Adani’s Total Gas share in 2023?