Are you an investor contemplating adding Adani Total Gas to your portfolio? This blog is your one-stop guide for comprehensive Adani Total Gas share price target forecasts.
In this blog post, we’ll see the future potential of Adani Total Gas by analyzing Adani Total Gas share price targets for the period 2024 to 2030.
Adani Total Gas Company Overview
Adani Total Gas Limited is a city gas distribution company, a joint venture between the Adani Group and TotalEnergies, each with a 37.4% stake . The company is engaged in the selling and distribution of natural gas in the form of Piped Natural Gas (PNG) to industrial, commercial, and domestic customers and Compressed Natural Gas (CNG) to the transport sector.
They have a presence in approximately 33 geographical areas, including states like Gujarat, Haryana, Rajasthan, Tamil Nadu, Odisha, and Karnataka.
Adani Total Gas is also venturing into e-mobility and biomass businesses through their subsidiaries Adani TotalEnergies E-Mobility Limited and Adani TotalEnergies Biomass Limited.
Adani Total Gas Company Details
Business:
- City gas distribution (CGD) in India
- Supplies compressed natural gas (CNG) to the transport sector
- Supplies piped natural gas (PNG) to:
- Domestic users
- Commercial users
- Industrial users
- Exploring ventures in:
- Biogas
- Biofuel
- Biomass
- Hydrogen
- Electric vehicle (EV) charging
- Manufacturing of equipment related to CGD business
Key Statistics (as of March 31, 2022):
- Presence across 52 Geographical Areas
- Serves 14% of India’s population (approx.)
- Covers 124 districts
- CNG stations: 334
Other Details:
- Founded: 2005 (originally as Adani Gas Limited)
- Headquarters: Ahmedabad, India
- Parent company: Joint venture between Adani Group and TotalEnergies (each with 37.4% stake)
- Customer service: 1800 2335 5555
- Website: www.adanigas.com/
Adani Total Gas financial performance
Adani Total Gas Ltd’s annual performance:
- Profitability: ROE (20.01%) is high, indicating good return on shareholder equity.
- Valuation: PE Ratio (182.03) is high, suggesting the stock may be overvalued.
- Efficiency: ROA (11.25%) is high, meaning the company efficiently uses its assets to generate profits.
- Liquidity: Current Ratio (0.40) is low, raising concerns about the company’s ability to meet short-term obligations.
Adani Total Gas Fundamentals
Fundamentals of Adani Total Gas Limited Company in below table
| Key | Value |
|---|---|
| Company Name | Adani Total Gas Limited Company |
| Market Cap | ₹1,07,650 Crore |
| 52 Week High | ₹1,260 |
| 52 Week Low | ₹522 |
| Book Value | ₹29.42 |
| Face Value | 1 |
| PB Ratio | 33.27 |
| NSE Sine | ATGL |
Adani Total Gas Shareholders
| Shareholder Category | Percentage |
|---|---|
| Promoters | 74.80 |
| Foreign Institutions | 13.06 |
| Other Domestic Institutions | 6.02 |
| Retail And Others | 6.00 |
| Mutual Funds | 0.12 |
This table shows the shareholding pattern of Adani Total Gas. As you can see, the promoters hold the majority of the shares (74.80%), followed by foreign institutions (13.06%). Other domestic institutions, retail investors, and mutual funds hold a smaller percentage of the shares.
Factors Affecting Share Price of Adani Total Gas
- Profitability (ROE): High ROE indicates good return on investment, potentially raising the share price.
- Efficiency (ROA): High ROA suggests efficient use of assets, potentially boosting investor confidence and share price.
Adani Total Gas Current Share Price – Chart
Adani Total Gas Share Price Target 2024 to 2030
Analyst Predictions:
- Adani Total Gas Share Price Target 2024: ₹1034.72
- Adani Total Gas Share Price Target 2025: ₹1843
- Adani Total Gas Share Price Target 2026: ₹2028
- Adani Total Gas Share Price Target 2027: ₹2223
- Adani Total Gas Share Price Target 2028: ₹2428
- Adani Total Gas Share Price Target 2029: ₹2643
- Adani Total Gas Share Price Target 2030: ₹2869.
Adani Total Gas Share Price Targets table
| Year | Target Price (₹) |
|---|---|
| 2024 | 1034.72 |
| 2025 | 1843 |
| 2026 | 2028 |
| 2027 | 2223 |
| 2028 | 2428 |
| 2029 | 2643 |
| 2030 | 2869 |
Overall Trend:
- Based on current market trends, the company is following a bullish trend.
- Analysts predict continued growth in the future.
Note:
- Predicted prices may not be accurate.
- Target prices are what the company hopes to achieve.
Final Words: Adani Total Gas stock forecast (533096 Price Prediction)
Analysts predict that Adani Total Gas shares have the potential for growth in the coming years. It’s important to remember that these are predictions, not guarantees, and the stock market can be volatile.
Adani Total Gas is a strong player in the stock market. Their shares are in high demand due to the company’s good reputation and performance. This demand is likely to push share prices even higher in the future, according to analysts. While there’s a recent dip, analysts believe it’s temporary and the company’s future looks bright in terms of earnings, revenue, and stock price.
Also Read: Adani Power Share Price Target 2024 to 2030
