Adani Total Gas Ltd

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NSEBSE

1025.656.75 (0.66%)

03:54 PM,29th Feb 2024

1025.256.30 (0.62%)

04:01 PM,29th Feb 2024

BSE : 542066

NSE : ATGL

Sector : Others

ISIN Code : INE399L01023

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Last Updated: Feb 29 2024 | 04:01 PM IST

Market Cap (₹ Cr)

112800

Turnover (₹ Cr)

32.93

Volume (Shares)

3210231

Face Value

1

52-WK High

1259.40

52-WK High Date

08 Dec 2023

52-WK Low

522.00

52-WK Low Date

26 Oct 2023

All Time High

4000.00

All Time High Date

23 Jan 2023

All Time Low

72.00

All Time Low Date

05 Nov 2018

Adani Total Gas Ltd

Adani Total Gas Limited (ATGL) was originally incorporated as 'Adani Gas Limited' on August 5th 2005 in Navrangpura Ahmedabad. The Company changed the name from Adani Gas Limited to Adani Total Gas Limited on 1st January 2021. The Company is engaged in City Gas Distribution (CGD) business and supplies natural gas to domestic commercial industrial and vehicle users. The Company is exploring of doing businesses of bio gas bio fuel bio mass LCNG HCNG EV Hydrogen manufacturing of various equipment and provision of value-added services relating to CGD business.During the year 2017 Adani Enterprises Limited transferred 256742040 (100%) equity Shares of the Company to Adani Gas Holdings Limited. Accordingly the Company has become whollyowned Subsidiary Company of Adani Gas Holdings Limited w.e.f. 29th March 2017 and continues to be a step-down 100% subsidiary of Adani Enterprises Limited.During the year under review the Board of Directors at its meeting held on 18th January 2018 had approved the Composite Scheme of Arrangement among Adani Gas Holdings Limited (AGHL) and Adani Gas Limited (the Company) and Adani Enterprises Limited (AEL) and their respective shareholders and creditors for: (a) Amalgamation of AGHL with the Company; and (b) Subject to satisfactory fulfilment of (a) above i.e. upon amalgamation of AGHL with the Company becoming effective demerger of the Demerged Undertaking of AEL and transfer of the same to the Company. The rationale for Composite Scheme of Arrangement are as under:(i) The amalgamation of AGHL with Company is for simplification of holding structure resulting in reduction of managerial overlaps and reduction in multiplicity of legal and regulatory compliances. (ii) Further considering following factors it is desired to segregate Gas Sourcing and Distribution Business by way of demerger and transfer the same to Company from other businesses of AEL:(a) To lend greater/enhanced focus to the operation of Gas Sourcing and Distribution Business and the other businesses.(b) To facilitate management to efficiently exploit opportunities for each of Gas Sourcing and Distribution Business and the other businesses.(c) To create enhanced value for shareholders by allowing a focused strategy and specialization for sustained growth.(d) To provide scope for independent collaboration and expansion pertaining to Gas Sourcing and Distribution Business.The said scheme is effective upon approval of shareholders and creditors Hon'ble National Company Law Tribunal and other regulatory and statutory approvals as applicable.During the period the Equity Shares of the Company got listed on 5 November 2018 on both the recognised Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Limited pursuant to Scheme of Arrangement. During the year under review the Hon'ble National Company Law Tribunal Bench at Ahmedabad (NCLT) had vide its order dated 3 August 2018 sanctioned the Composite Scheme of Arrangement among Adani Gas Holdings Limited (AGHL) and Adani Gas Limited (AGL) and Adani Enterprises Limited (AEL) and their respective Shareholders and Creditors. The scheme was approved by the shareholders secured and unsecured creditors of the Company with requisite majority on 3 July 2018. The Scheme inter-alia provided for:-a. amalgamation of AGHL with AGL (Part II of the Scheme); and i. Upon the effectiveness of Part II of Scheme and in consideration of amalgamation of the AGHL with AGL - a. 1 equity share of Rs 10/- each of the AGL credited as fully paid-up for every 1 compulsorily convertible preference share of Rs 10/- each to compulsorily convertible preference shareholder of AGHL. b. 1 Preference Share of Rs 10/- each of the AGL credited as fully paid-up for every 1 equity share of Rs 10/- to equity shareholder of AGHL. The Company had fixed 26 August 2018 as record date to determine its shareholders who would be entitled to shares of the Company as aforesaid pursuant to Part II of the Scheme. Accordingly the Board of Directors of Company had on 26 August 2018 allotted Equity Shares and Preference Shares to those shareholders of AGHL whose names appeared in the Register of Members as on the Record Date in the above mentioned ratio. b. Subject to satisfactory fulfillment of (a) above demerger of the Demerged Undertaking (as Defined in the Composite Scheme of Arrangement) of AEL and transfer of the same to the AGL (Part III of the Scheme). i. Upon the effectiveness of Part III of the Scheme and in consideration of transfer and vesting of Demerged Undertaking into Resulting Company:- a. 1 (One) equity share of Rs 1/- each of AGL credited as fully paid up for every 1 equity share of Rs 1/- each to equity shareholder of AEL. b. AEL had fixed 7 September 2018 as record date to determine its shareholders who would be entitled to shares of the Company as aforesaid pursuant to the Scheme.During the year 2019 pursuant to composite scheme of arrangement the Company ceased as step-down subsidiary of Adani Enterprises Limited and as subsidiary of Adani Gas Holdings Limited.33 New CNG Stations were added in FY 2019-20. In FY 2020-21 Indian Oil-Adani Gas Pvt. Ltd. (IOAGPL) a JV Company of Indian Oil Corporation Limited (IOC) and Adani TOTAL Gas Ltd. (ATGL) was commissioned to develop City Gas Distribution projects across the country through a network of underground pipelines for distribution of natural gas. On 20th August 2021 the Company formed Smart Meters Technologies Private Limited (SMPTL) as a 50:50 joint venture for the manufacture of gas meters dedicated to the design development and manufacture of gas meters). It added 314 commercial connections in 2021. It infused first equity in SMTPL on 8th October 2021.The Company introduced 117 new CNG stations in FY22 resulting in a total of 334 CNG stations as on 31st March 2022. ATGL had connected more than 5.64 Lakh domestic connections having added more than 85000 connections in FY22. Similarly it reported strong growth in Industrial and Commercial connections which stood at 5676 consumers as on 31st March 2022 (added 710 consumers in FY 22). On the steel pipeline front it completed 5384 inch Km of steel pipeline in the GAs allotted in the 9th and 10th rounds with a total of more than 8900 inch kms across locations.During the year 2023 the Company incorporated two wholly owned subsidiaries Adani TotalEnergies E-mobility Limited (ATEL) and Adani TotalEnergies Biomass Limited (ATBL). It commissioned 104 EV charging points and commenced the construction of a biogas plant; commissioned CNG Stations in 14 geographical areas; commissioned a Compressed Bio-Gas (CBG) Plant in Varanasi and commissioned India's first standalone compressed biogas stationDuring the year 2023 the Company acquired a 50% stake in a company that manufactures Smart & Mechanical Gas Meters with Automatic Meter Reading (AMR).

Adani Total Gas Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

112800

EPS - TTM (₹) [S]

5.38

P/E Ratio (X) [S]

34.97

Face Value (₹) 1
Latest Dividend (%)25.00
Latest Dividend Date 07 Jul 2023
Dividend Yield (%) 0.02
Book Value Share (₹) [S]29.33
P/B Ratio (₹) [S]34.97
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.17 1718 0.17
Groww Nifty Total Market Index Fund-Direct (G) 0.17 1718 0.17

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

1005.25

1033.30

Week Low/High

1005.25

1096.00

Month Low/High

983.00

1096.00

Year Low/High

522.00

1259.00

All time Low/High

70.20

4000.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week0.82%0.74%-0.90-1.06%
1 Month-0.97%-0.97%0.781.13%
3 Month39.98%40.01%8.379.39%
6 Month56.11%56.16%11.4113.65%
1 Year50.79%51.15%22.9627.04%
3 Year100.30%100.24%47.6651.30%

Company Info

Company Information

Independent Director : Gauri S Trivedi

Addtnl Non-Executive Director : Ahlem Friga Noy

Registered Office: Adani Corporate House, Shantigram SG Highway Khodiyar,Ahmedabad,Gujarat-382421 Ph: 91-79-27541988

Email:investor.agl@adani.com

URL:http://www.adanigas.com