Adani Total Gas Limited
Adani Total Gas Limited engages in the city gas distribution (CGD) business in India. The company supplies piped natural gas and compressed natural gas to the domestic, commercial, industrial, and transportation sectors. It also provides biogas, biofuel, biomass, LCNG, HCNG, EV, and hydrogen. In addition, the company manufactures various equipment; and offers value-added services related to the C… Read more
Adani Total Gas Limited (ATGL) - Net Assets
Latest net assets as of September 2025: ₹45.09 Billion INR
Based on the latest financial reports, Adani Total Gas Limited (ATGL) has net assets worth ₹45.09 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹87.43 Billion) and total liabilities (₹42.34 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹45.09 Billion |
| % of Total Assets | 51.57% |
| Annual Growth Rate | 21.8% |
| 5-Year Change | 117.55% |
| 10-Year Change | 588.01% |
| Growth Volatility | 7.7 |
Adani Total Gas Limited - Net Assets Trend (2015–2025)
This chart illustrates how Adani Total Gas Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Adani Total Gas Limited (2015–2025)
The table below shows the annual net assets of Adani Total Gas Limited from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹42.07 Billion | +17.50% |
| 2024-03-31 | ₹35.80 Billion | +21.74% |
| 2023-03-31 | ₹29.41 Billion | +21.72% |
| 2022-03-31 | ₹24.16 Billion | +24.95% |
| 2021-03-31 | ₹19.34 Billion | +31.47% |
| 2020-03-31 | ₹14.71 Billion | +33.48% |
| 2019-03-31 | ₹11.02 Billion | +24.11% |
| 2018-03-31 | ₹8.88 Billion | +24.21% |
| 2017-03-31 | ₹7.15 Billion | +16.90% |
| 2016-03-31 | ₹6.11 Billion | +4.49% |
| 2015-03-31 | ₹5.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adani Total Gas Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1101.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹39.45 Billion | 93.76% |
| Common Stock | ₹1.10 Billion | 2.61% |
| Other Comprehensive Income | ₹1.52 Billion | 3.62% |
| Total Equity | ₹42.07 Billion | 100.00% |
Adani Total Gas Limited Competitors by Market Cap
The table below lists competitors of Adani Total Gas Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bonesupport Holding AB (publ)
PINK:BOEUF
|
$1.33 Billion |
|
Central New Energy Holding Group Limited
F:H4M1
|
$1.33 Billion |
|
Bharti Hexacom Ltd
NSE:BHARTIHEXA
|
$1.33 Billion |
|
Shanxi Taigang Stainless Steel Co Ltd
SHE:000825
|
$1.33 Billion |
|
ADIENT PLC DL-001
F:18I
|
$1.32 Billion |
|
Jenoptik AG
F:JEN
|
$1.32 Billion |
|
Shandong Linglong Tyre Co Ltd
SHG:601966
|
$1.32 Billion |
|
Cochin Shipyard Limited
NSE:COCHINSHIP
|
$1.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adani Total Gas Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 35,803,200,000 to 42,070,500,000, a change of 6,267,300,000 (17.5%).
- Net income of 6,544,100,000 contributed positively to equity growth.
- Dividend payments of 275,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 13,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹6.54 Billion | +15.56% |
| Dividends Paid | ₹275.00 Million | -0.65% |
| Other Comprehensive Income | ₹-13.60 Million | -0.03% |
| Other Changes | ₹11.80 Million | +0.03% |
| Total Change | ₹- | 17.50% |
Book Value vs Market Value Analysis
This analysis compares Adani Total Gas Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 13.51x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 22.68x to 13.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-03-31 | ₹22.79 | ₹516.85 | x |
| 2016-03-31 | ₹23.82 | ₹516.85 | x |
| 2017-03-31 | ₹27.84 | ₹516.85 | x |
| 2018-03-31 | ₹8.07 | ₹516.85 | x |
| 2019-03-31 | ₹10.02 | ₹516.85 | x |
| 2020-03-31 | ₹13.37 | ₹516.85 | x |
| 2021-03-31 | ₹17.59 | ₹516.85 | x |
| 2022-03-31 | ₹21.97 | ₹516.85 | x |
| 2023-03-31 | ₹26.74 | ₹516.85 | x |
| 2024-03-31 | ₹32.55 | ₹516.85 | x |
| 2025-03-31 | ₹38.25 | ₹516.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adani Total Gas Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.56%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.09%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.82x
- Recent ROE (15.56%) is below the historical average (19.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 16.42% | 7.14% | 1.07x | 2.15x | ₹375.49 Million |
| 2016 | 13.32% | 7.19% | 0.79x | 2.34x | ₹203.28 Million |
| 2017 | 14.16% | 9.27% | 0.66x | 2.32x | ₹297.07 Million |
| 2018 | 18.24% | 11.79% | 0.82x | 1.89x | ₹731.81 Million |
| 2019 | 20.75% | 13.30% | 0.84x | 1.86x | ₹1.19 Billion |
| 2020 | 29.66% | 23.28% | 0.76x | 1.68x | ₹2.89 Billion |
| 2021 | 23.93% | 27.30% | 0.53x | 1.66x | ₹2.69 Billion |
| 2022 | 21.08% | 16.77% | 0.69x | 1.83x | ₹2.68 Billion |
| 2023 | 18.58% | 12.48% | 0.78x | 1.92x | ₹2.52 Billion |
| 2024 | 18.64% | 14.92% | 0.68x | 1.84x | ₹3.09 Billion |
| 2025 | 15.56% | 13.09% | 0.65x | 1.82x | ₹2.34 Billion |
Industry Comparison
This section compares Adani Total Gas Limited's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $10,690,103,270
- Average return on equity (ROE) among peers: 22.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adani Total Gas Limited (ATGL) | ₹45.09 Billion | 16.42% | 0.94x | $1.32 Billion |
| Gujarat State Petronet Limited (GSPL) | $12.15 Billion | 10.16% | 1.48x | $879.26 Million |
| Gujarat Gas Limited (GUJGASLTD) | $7.29 Billion | 22.04% | 0.61x | $718.69 Million |
| Indraprastha Gas Limited (IGL) | $17.63 Billion | 25.42% | 0.62x | $1.14 Billion |
| IRM ENERGY LTD (IRMENERGY) | $336.21 Million | 33.70% | 4.38x | $23.70 Million |
| Mahanagar Gas Limited (MGL) | $16.04 Billion | 18.77% | 0.35x | $666.36 Million |