Adani Total Gas Ltd (ATGL), a part of the Adani Group, is one of India's leading companies in the city gas distribution (CGD) sector, focusing on providing natural gas to households, industries, and vehicles across India.
Adani Total Gas Share Price Target
Adani Total Gas Ltd (ATGL) is a joint venture between Adani Group and TotalEnergies, a global energy giant. The company specializes in city gas distribution and operates in the natural gas distribution space. It focuses on clean energy solutions like compressed natural gas (CNG) for vehicles and piped natural gas (PNG) for households and industries. Market Cap: ₹ 65,714 Cr. (As of April 2026) Price to Earnings: 102 Return on equity: 16.8% Debt to equity: 0.45 Current ratio: 0.61 Dividend Yield: 0.04% Return on assets: 9.19% ROCE: 17.5% Face Value: ₹1 52 Week High: ₹798 52 Week Low: ₹454 1. Year 2020 Start of Year: 163.80 End of Year: 374.90 Return: 228.88% Reason for the move Strong re-rating driven by rapid CGD expansion and clean energy narrative. 2. Year 2021 Start of Year: 375.00 End of Year: 1,714.65 Return: 357.24% Reason for the move Massive rally fueled by aggressive network expansion and future growth expectations. 3. Year 2022 Start of Year: 1,710.00 End of Year: 3,695.25 Return: 116.10% Reason for the move Continued expansion in CNG/PNG network and strong demand sustained growth. 4. Year 2023 Start of Year: 3,695.25 End of Year: 988.65 Return: -73.25% Reason for the move Sharp correction due to governance concerns and valuation excesses. 5. Year 2024 Start of Year: 997.95 End of Year: 762.60 Return: -23.58% Reason for the move Continued pressure from gas pricing issues and margin volatility. 6. Year 2025 Start of Year: 751.75 End of Year: 567.00 Return: -24.58% Reason for the move Weak performance due to margin pressure and tariff-related uncertainties. Projected Targets: Year 2026 Target Range (₹): 700-1100 Reason for the move Projected Targets: Year 2027 Target Range (₹): 1250-1500 Reason for the move Continued network rollout improves coverage and demand. Projected Targets: Year 2028 Target Range (₹): 1000-1300 Reason for the move Industrial demand and efficiency improvements drive moderate growth. Projected Targets: Year 2029 Target Range (₹): 500-800 Reason for the move Policy changes during general election can prove to harm the industry Projected Targets: Year 2030 Target Range (₹): 1000-1400 Reason for the move Strong positioning in gas-based economy supports long-term growth. 1. Is it good to invest in Adani Total Gas? Adani Total Gas presents a strong long-term investment opportunity in India’s clean energy transition. However, investors should monitor debt levels, execution risks, and competition in the CGD market. 2. Is Adani Total Gas overvalued? At a P/E ratio of 45x, Adani Total Gas is priced at a premium, reflecting the market’s high expectations of its future growth. However, if the company continues to execute well and expand its customer base, the valuation may be justified. 3. Is Adani good for long term? The Adani Group is strategically positioned in several high-growth sectors, including renewable energy, infrastructure, and city gas distribution. Adani Total Gas, as part of the group, has significant long-term growth potential, especially in the clean energy space. 4. Which Adani share is best to buy now? Among the Adani Group companies, Adani Green Energy and Adani Total Gas have the most compelling growth prospects due to India’s increasing focus on renewable energy and natural gas. However, Adani Enterprises also offers diversification across sectors, making it a solid long-term choice. 5. Should I buy Adani Power after split? Adani Power’s stock performance post-split will depend on sector dynamics, including power demand and fuel prices. While the split may make the stock more accessible, investors should focus on the company’s fundamentals and growth prospects before deciding to buy.Financial table for Adani Total Gas
Adani Total Gas Shareholding Pattern
Historic Performance: Adani Total Gas Ltd Share Price Target 2020, 2021, 2022, 2023, 2024 & 2025
Adani Total Gas Share Price Target 2026, 2027, 2028 to 2030
CGD expansion and connection growth support steady volume increase.FAQs