Adani Total Gas Limited (ATGL) - Net Assets

Latest as of September 2025: Rs45.09 Billion INR ≈ $487.63 Million USD

Based on the latest financial reports, Adani Total Gas Limited (ATGL) has net assets worth Rs45.09 Billion INR (≈ $487.63 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs87.43 Billion ≈ $945.54 Million USD) and total liabilities (Rs42.34 Billion ≈ $457.91 Million USD). 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. Check financial resilience of Adani Total Gas Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs45.09 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. Also explore balance sheet size of Adani Total Gas Limited for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Adani Total Gas Limited stock valuation.

Year	Net Assets	Change
2025-03-31	Rs42.07 Billion ≈ $454.98 Million	+17.50%
2024-03-31	Rs35.80 Billion ≈ $387.20 Million	+21.74%
2023-03-31	Rs29.41 Billion ≈ $318.05 Million	+21.72%
2022-03-31	Rs24.16 Billion ≈ $261.31 Million	+24.95%
2021-03-31	Rs19.34 Billion ≈ $209.13 Million	+31.47%
2020-03-31	Rs14.71 Billion ≈ $159.07 Million	+33.48%
2019-03-31	Rs11.02 Billion ≈ $119.17 Million	+24.11%
2018-03-31	Rs8.88 Billion ≈ $96.02 Million	+24.21%
2017-03-31	Rs7.15 Billion ≈ $77.31 Million	+16.90%
2016-03-31	Rs6.11 Billion ≈ $66.13 Million	+4.49%
2015-03-31	Rs5.85 Billion ≈ $63.29 Million	--

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	Rs39.45 Billion	93.76%
Common Stock	Rs1.10 Billion	2.61%
Other Comprehensive Income	Rs1.52 Billion	3.62%
Total Equity	Rs42.07 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
FSPG Hi-Tech Co Ltd SHE:000973	$7.55 Billion
Mytilineos S.A AT:MYTIL	$7.55 Billion
Shandong Hi-speed Co Ltd SHG:600350	$7.57 Billion
Pilgrims Pride Corp NASDAQ:PPC	$7.57 Billion
Datang International Power Generation Co Ltd Class A SHG:601991	$7.55 Billion
The Magnum Ice Cream Company N.V. AS:MICC	$7.53 Billion
Raia Drogasil S.A SA:RADL3	$7.53 Billion
Zhongfu Shenying Carbon Fiber Co. Ltd. A SHG:688295	$7.53 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	Rs6.54 Billion	+15.56%
Dividends Paid	Rs275.00 Million	-0.65%
Other Comprehensive Income	Rs-13.60 Million	-0.03%
Other Changes	Rs11.80 Million	+0.03%
Total Change	Rs-	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: 16.59x
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 27.85x to 16.59x 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	Rs22.79	Rs634.70	x
2016-03-31	Rs23.82	Rs634.70	x
2017-03-31	Rs27.84	Rs634.70	x
2018-03-31	Rs8.07	Rs634.70	x
2019-03-31	Rs10.02	Rs634.70	x
2020-03-31	Rs13.37	Rs634.70	x
2021-03-31	Rs17.59	Rs634.70	x
2022-03-31	Rs21.97	Rs634.70	x
2023-03-31	Rs26.74	Rs634.70	x
2024-03-31	Rs32.55	Rs634.70	x
2025-03-31	Rs38.25	Rs634.70	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	Rs375.49 Million
2016	13.32%	7.19%	0.79x	2.34x	Rs203.28 Million
2017	14.16%	9.27%	0.66x	2.32x	Rs297.07 Million
2018	18.24%	11.79%	0.82x	1.89x	Rs731.81 Million
2019	20.75%	13.30%	0.84x	1.86x	Rs1.19 Billion
2020	29.66%	23.28%	0.76x	1.68x	Rs2.89 Billion
2021	23.93%	27.30%	0.53x	1.66x	Rs2.69 Billion
2022	21.08%	16.77%	0.69x	1.83x	Rs2.68 Billion
2023	18.58%	12.48%	0.78x	1.92x	Rs2.52 Billion
2024	18.64%	14.92%	0.68x	1.84x	Rs3.09 Billion
2025	15.56%	13.09%	0.65x	1.82x	Rs2.34 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: $77,394,769,473
Average return on equity (ROE) among peers: 17.92%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Adani Total Gas Limited (ATGL)	Rs45.09 Billion	16.42%	0.94x	$7.55 Billion
GAIL (India) Limited (GAIL)	$302.51 Billion	14.46%	0.98x	$11.61 Billion
Gujarat State Petronet Limited (GSPL)	$20.05 Billion	25.26%	1.25x	$1.74 Billion
Gujarat Gas Limited (GUJGASLTD)	$16.64 Billion	13.26%	2.83x	$2.83 Billion
Indraprastha Gas Limited (IGL)	$106.42 Billion	16.14%	0.46x	$2.51 Billion
IRM ENERGY LTD (IRMENERGY)	$3.46 Billion	18.23%	1.29x	$158.48 Million
Mahanagar Gas Limited (MGL)	$15.28 Billion	20.20%	0.54x	$1.21 Billion

About Adani Total Gas Limited

NSE:ATGL India Utilities - Regulated Gas

Market Cap

$7.55 Billion

Rs698.05 Billion INR

Market Cap Rank

#2720 Global

#116 in India

Share Price

Rs634.70

Change (1 day)

-3.39%

52-Week Range

Rs467.90 - Rs780.75

All Time High

Rs3916.36