Adani Total Gas as of 1st April 2024 is trading at ₹929 per share with a market cap of Rs. 1,02,183 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 2024 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.
Adani Total Gas Reports Strong Q4FY24 Results: Net Profit Surges 71% to ₹168 Crore
- Adani Total Gas released its quarterly results for Q4FY24, showcasing strong financial performance.
- Net profit surged by a notable 71.6%, reaching ₹168 crore compared to ₹98 crore in the previous year.
- Revenue from operations for the quarter increased by 4.7% to ₹1,167 crore, up from ₹1,114.8 crore in the corresponding period last year.
- The results highlight Adani Total Gas’s effective operational strategies and ability to capitalize on market opportunities.
- The company’s resilient performance reaffirms its position as a leading player in the city gas distribution (CGD) sector.
Below are the trading platforms that you can use to purchase Adani Total Gas Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| May 2024 | 944.54 | 821.34 |
| June 2024 | 978.54 | 850.90 |
| July 2024 | 968.75 | 842.40 |
| August 2024 | 1,007.51 | 876.09 |
| September 2024 | 1,047.81 | 911.14 |
| October 2024 | 1,027.26 | 893.27 |
| November 2024 | 1,068.35 | 929.00 |
| December 2024 | 1,079.03 | 938.29 |
In May 2024, the maximum price of ATGL shares is expected to be around 944.54, with a minimum price anticipated to hover around 821.34. As the year progresses into December 2024, ATGL shares could potentially reach a maximum price of 1,079.03 and a minimum price of 938.29
| When | Maximum Price | Minimum Price |
| January 2025 | 1,089.82 | 838.33 |
| February 2025 | 1,100.83 | 846.79 |
| March 2025 | 1,123.95 | 864.58 |
| April 2025 | 1,112.82 | 856.02 |
| May 2025 | 1,080.41 | 831.08 |
| June 2025 | 1,129.03 | 868.48 |
| July 2025 | 1,106.89 | 851.45 |
| August 2025 | 1,141.12 | 877.79 |
| September 2025 | 1,154.82 | 888.32 |
| October 2025 | 1,184.84 | 911.42 |
| November 2025 | 1,214.46 | 934.20 |
| December 2025 | 1,269.11 | 976.24 |
As we step into 2025, ATGL shares are poised to exhibit fluctuations. Starting in January, prices range from 1,089.82 to 838.33. By March, they could rise to 1,123.95 (max) and 864.58 (min), then dip in April to 1,112.82 (max) and 856.02 (min). May may see a decline to 1,080.41 (max) and 831.08 (min). June could bring a rebound to 1,129.03 (max) and 868.48 (min), while July stabilizes around 1,106.89 (max) and 851.45 (min). August may see a modest increase, reaching 1,141.12 (max) and 877.79 (min). September continues the uptrend, with prices at 1,154.82 (max) and 888.32 (min). By October, prices rise to 1,184.84 (max) and 911.42 (min), with November and December marking further increases to 1,214.46 (max) and 934.20 (min) in November and 1,269.11 (max) and 976.24 (min) in December.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,307.19 | 1,005.53 |
| February 2026 | 1,274.51 | 980.39 |
| March 2026 | 1,300.00 | 1,000.00 |
| April 2026 | 1,326.53 | 1,020.41 |
| May 2026 | 1,313.40 | 1,010.30 |
| June 2026 | 1,346.23 | 1,035.56 |
| July 2026 | 1,319.83 | 1,015.26 |
| August 2026 | 1,360.65 | 1,046.66 |
| September 2026 | 1,387.87 | 1,067.59 |
| October 2026 | 1,423.95 | 1,095.35 |
| November 2026 | 1,459.55 | 1,122.73 |
| December 2026 | 1,496.04 | 1,150.80 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,511.00 | 1,162.31 |
| February 2027 | 1,549.74 | 1,192.11 |
| March 2027 | 1,610.18 | 1,238.60 |
| April 2027 | 1,578.61 | 1,214.32 |
| May 2027 | 1,532.63 | 1,178.95 |
| June 2027 | 1,601.60 | 1,232.00 |
| July 2027 | 1,570.20 | 1,207.84 |
| August 2027 | 1,618.76 | 1,245.20 |
| September 2027 | 1,675.41 | 1,288.78 |
| October 2027 | 1,718.98 | 1,322.29 |
| November 2027 | 1,761.95 | 1,355.35 |
| December 2027 | 1,806.00 | 1,389.23 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,842.12 | 1,417.01 |
| February 2028 | 1,889.35 | 1,453.35 |
| March 2028 | 1,963.04 | 1,510.03 |
| April 2028 | 1,924.55 | 1,480.42 |
| May 2028 | 1,868.49 | 1,437.30 |
| June 2028 | 1,952.57 | 1,501.98 |
| July 2028 | 1,914.29 | 1,472.53 |
| August 2028 | 1,973.49 | 1,518.07 |
| September 2028 | 2,042.56 | 1,571.20 |
| October 2028 | 2,095.67 | 1,612.05 |
| November 2028 | 2,148.06 | 1,652.36 |
| December 2028 | 2,201.76 | 1,693.67 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,245.80 | 1,727.54 |
| February 2029 | 2,303.38 | 1,771.83 |
| March 2029 | 2,393.22 | 1,840.94 |
| April 2029 | 2,346.29 | 1,804.84 |
| May 2029 | 2,277.95 | 1,752.27 |
| June 2029 | 2,380.46 | 1,831.12 |
| July 2029 | 2,333.78 | 1,795.22 |
| August 2029 | 2,405.96 | 1,850.74 |
| September 2029 | 2,490.17 | 1,915.52 |
| October 2029 | 2,554.92 | 1,965.32 |
| November 2029 | 2,618.79 | 2,014.45 |
| December 2029 | 2,684.26 | 2,064.81 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,737.94 | 2,106.11 |
| February 2030 | 2,808.15 | 2,160.11 |
| March 2030 | 2,917.67 | 2,244.36 |
| April 2030 | 2,860.46 | 2,200.35 |
| May 2030 | 2,777.14 | 2,136.26 |
| June 2030 | 2,902.11 | 2,232.40 |
| July 2030 | 2,845.21 | 2,188.62 |
| August 2030 | 2,933.21 | 2,256.31 |
| September 2030 | 3,035.87 | 2,335.28 |
| October 2030 | 3,114.80 | 2,396.00 |
| November 2030 | 3,192.67 | 2,455.90 |
| December 2030 | 3,272.49 | 2,517.30 |
In January 2030, ATGL shares are anticipated to reach a maximum price of 2,737.94 and a minimum of 2,106.11. As the year progresses, the maximum price is expected to steadily increase, reaching 3,272.49 in December, while the minimum price may fluctuate, ultimately settling around 2,517.30. Investors can expect a year of gradual growth and potential volatility in ATGL’s stock prices throughout 2030.
Financial Condition of Adani Total Gas: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 1,875 | 1,696 | 3,038 | 4,378 | 4,475 |
| Expenses + | 1,280 | 991 | 2,265 | 3,508 | 3,371 |
| Operating Profit | 595 | 704 | 773 | 870 | 1,104 |
| OPM % | 32% | 42% | 25% | 20% | 25% |
| Other Income + | 44 | 30 | 46 | 54 | 62 |
| Interest | 41 | 40 | 53 | 78 | 111 |
| Depreciation | 51 | 63 | 83 | 113 | 158 |
| Profit before tax | 547 | 631 | 684 | 733 | 896 |
| Tax % | 20% | 25% | 26% | 25.00% | 26.00% |
| Net Profit + | 436 | 463 | 509 | 546 | 668 |
| EPS in Rs | 3.97 | 4.21 | 4.63 | 4.97 | 6.07 |
| Dividend Payout % | 6% | 6% | 5% | 5.00% | 4.00% |
Over the past five years, the company has demonstrated consistent growth, with sales rising steadily from 1,875 crore in March 2020 to 4,475 crore in March 2024. Despite fluctuations in expenses, operational efficiency has improved, leading to a notable increase in operating profit from 595 crore to 1,104 crore over the same period.
The company’s profitability has remained strong, with net profit climbing from 436 crore to 668 crore, reflecting its resilience and ability to deliver sustainable returns. Earnings per share (EPS) have also seen positive growth, rising from 3.97 to 6.07. Additionally, while maintaining shareholder dividends, the company is strategically allocating earnings for future growth, as seen in the gradual decrease of the dividend payout percentage from 6% to 4%.
Overall, the financial data underscores the company’s robust performance, marked by consistent revenue growth, improved profitability, enhanced shareholder value, and prudent financial management practices.
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 198. However, I think the company is still overvalued, and a fair value would be somewhere around 50.
FAQS
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 ₹1,269.11 and ₹838.33.
Our Analysis predicts that the share price target for Adani Total Gas Ltd could reach up to ₹3,272.49 INR by 2030
ALSO READ:
- AVENUE SUPERMARTS LTD SHARE PRICE TARGET
- HINDUSTAN AERONAUTICS LTD SHARE PRICE TARGET
- GODREJ CONSUMER PRODUCTS LTD SHARE PRICE TARGET
As discussed above, Adani Total Gas share price is trading with a PE ratio of 153, 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 2020 to 2024 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.
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 Reports Strong Q4FY24 Results: Net Profit Surges 71% to ₹168 Crore
- 4 How to purchase Adani Total Gas Ltd shares?
- 5 Adani Total Gas Share Price Target: 2024, 2025 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 2024?
Twitter
Linkedin
