Future Forecast Prediction Of Adani Total Gas Share Price Target 2024 To 2030

Today in our blog we will explain the basic idea about Adani Total Gas Share Price Target 2024, 2025, 2027, 2030. We did the research and took advice from experts to make this blog about the company’s growth, the company’s performance, etc.

Adani Total Gas Share Price Target is a trading share in the share market. In this article, we will discuss the company’s financial growth, the business policy company, the shareholding pattern of the company, and the forecast share price yearly basis. We use data and analysis from experts to give a clear knowledge about Adani Total Gas Share Price Target. This article may be helpful to those who want to invest in this share right now. Let’s have a look at Adani Total Gas Share Price Target 2024 to 2030.

What is Adani Total Gas Ltd Company?

Adani Total Gas Ltd was established as Adani Gas Limited in the year 2005, 5th August. The company is situated in Navrangpura, Ahmedabad. In the year 2021, on 1st January the company changed its name to Adani Total Gas Limited from Adani Gas Limited. The main function of the company is city gas distribution and also works as a supplier of natural gas.

Overview of Adani Total Gas Ltd Company

Adani Total Gas Ltd has recently had a footprint in 93 districts, capturing the market of 12 states, and more than 9 million households. Adani Total Gas Ltd (ATGL) has got licenses from the Petroleum and Natual Gas Regulatory Board for expanding its capacity in 14 new gas. The government also takes steps to involve the company in increasing the amount of natural gas in the country’s energy sources from 6.2% to 15% by the year 2030. ATGL is one of the largest gas production companies in our country also improving day by day parallelly Adani Total Gas Share Price Target also increases.

Adani Total Gas Ltd is exploring the business of biogas, biofuel, biomass, EV, and Hydrogen gas production. Adani Total Gas Ltd Company supplies above 7.2 lakh customer safety piped natural gas. The company also provides 7500 industrial and commercial customer-piped natural gas. The company also has a capacity of production 41.5 TPD biogas solid biofertilizer production of 216 TPD and liquid biofertilizer production of 73 KLPD.

Annual Performance Of Adani Total Gas Ltd Company

Before investing any share anyone wants to see the company’s performance, overall profit, and net sales amount. We need a basic idea about the company’s PE ratio, return on assets, current ratio, and return on equity. In the below portion, we discuss the performance of the company. Adani Total Gas Share Price Target also depended upon the ratio which is described below.

PE Ratio (Price To Earning Ratio)

PE Ratio is calculated by Market price per share Earning price per share. It means the number of times investors are ready to pay as compared to earnings time. Adani Total Gas Ltd has a PE ratio of 150.21, which is overvalued.

Return on Assets (ROA)

ROA is calculated by Profit After tax ÷ Total Assets. ROA is influenced by 2 factors, return on sales and asset turnover. Adani Total Gas Ltd has a ROA of 10.75% which is high.

Current Ratio

The current Ratio is calculated by Current Assets ÷ Current Liabilities. Adani Total Gas Ltd has a current ratio of 0.40.

Return On Equity (ROE)

ROE is measured by = Net profit ÷ Average Share holding equity. Adani Total Gas Ltd has an ROE of 20.10% which is a high in rate.

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Adani Total Gas Share Price Target 2024, 2025, 2027, 2030

Adani Total Gas Share is enlisted under BSE (Bombay Stock Exchange) and NSE (National Stock Exchange). Adani Total Gas Share Price Target is a bullish trend in the share market. Adani Total Gas Share Price Target has increased by +366.45 (54.00%) in the past 1 year and increased by -104.55 (-9.94%) in the last 6 months. Adani Total Gas Ltd is one of the companies that supplies piped natural gas for homes and compressed natural gas for industries by eco-friendly processes, the company always looks after environmental pollution.

For more expansion of business across the whole country and with the strong help of Adani Group and Total Energies Adani Total Gas Ltd Company able to increase its total sales amount up to 45%. The net sales amount in March 2022 was ₹3,023.49 Crore and on March 2023 the amount became ₹4523.12 Crore. With the increasing sales rate, the company’s growth also increases.

If the company is able the annual performance of the company till the year 2030 Adani Total Gas Share Price Target will reach a high range. Let’s have a look at Adani Total Gas Share Price Target 2024 to 2030.

Adani Total Gas Share Price Target 2024

Adani Total Gas Ltd Company has decided to invest ₹20,000 Crore to build up city gas infrastructure all over the country within 8 years all over the country with the joint venture of Adani Group and Total Energies of France. The company will take an important role in government participation in promoting clean and sustainable energy solutions at the end of the year 2030. The company is one of the renewable energy sources of the Adani Group. For producing green energy the company will grow more in the future and Adani Total Gas Share Price Target also will grow rapidly.

The revenue growth of the company is very high which is 33%. The revenue growth of Adani Total Gas Ltd increased by 5.62% in the last financial year 2023-2024 which reached ₹1,215.23 Crore in the Q3 of 2023-2024. If we look at the forecast share price target of Adani Total Gas Share Price Target 1st Price Target is ₹840 and the 2nd Price Target is ₹1180.

Adani Total Gas Share Price Target 2025

Adani Total Gas Ltd Company also takes initiatives to blend Green Hydrogen with natural gas and provides it above 4000 residential and commercial customers in Ahmedabad, Gujarat. The blending hydrogen gas percentage will increase up to 8% this project tries to finish within the year 2024-25 which will work as the backup of piped natural gas. Recently, the company took the initiative to increase 15 new CNG stations, which became 349.

The company also takes the initiative to build up 31,998 new connections of Piped Natural Gas at home and already completed 7,1023 Inch Km of steel pipeline. In the last financial year 2023, the EBITDA of the company was INR 226 Crore which was increased by 6% compared to the previous year. If we look at the share price target forecast the Adani Total Gas Share Price Target is increasing today (28.02.2024) by 2.84% compared to the previous day. Adani Total Gas Share Price Target 2025 The 1st Price Target is ₹1230 and the 2nd Price Target is ₹1480.

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Adani Total Gas Share Price Target 2027

The total income growth of Adani Total Gas Ltd Company was -1.05% in the financial year 2022, December but the percentage became 5.78% in December 2023. As the company is a subsidiary of Adani Group and the company also spreads its services throughout all of India and outside of India the promoter holding capacity of the company is 75% which means many good investors want to invest the share. The percentage of FII investors is also very good 13-14% which helps the company’s growth.

In the last financial year, the 2023 PAT Ratio increased to ₹430 Crore which increased up to 31% which is very effective for the company’s growth. The PBT Ratio also increased ₹570 Crore which increased up to 32% in the financial year 2023 compared to last year. In the last financial year 2023, April the company reduced the price of Compressed Natural Gas up to ₹8.12/Kg and Piped Natural Gas up to ₹5.06 in the company’s geographical area. If we look share price forecast of Adani Total Gas Share Price Target 2027, the 1st Target Price is ₹1710 and the 2nd Price Target is ₹1960.

Adani Total Gas Share Price Target 2030

Adani Total Gas Ltd is one of the companies that can supply CNG and PNG to 7 lakh domestic, 4000 Commercial, and 2000 industrial customers and also has 3 lakh CNG stations all over India which provide services to 3 lakh CNG users. For more expanding the business the growth of the company also increases. The cash conversation cycle of the company is very good which is -3.25 days which indicates the company can invest capital at the right time.

Adani Total Gas Ltd Company also launched an electric vehicle charging station (EVCS) in Ahmedabad. The company also decided to expand 1500 EVCS across all of India. As the Adani Total Gas Share Price Target is a multi-bagger share the investor of the share always gets good returns. All the forecast predictions of the share will be successful if the company can maintain the overall performance of the company.

Previously the Adani Total Gas Share Price Target was falling according to the Hindenburg report at that time the PE Ratio was highly overvalued at 850 but in recent times the PE ratio is 195.74 and the share also increasing. Adani Total Gas Share Price Target is beneficial on a long-term basis if anyone wants to invest. If we look at the forecast share price target Adani Total Gas Share Price Target 2030, the 1st Price Target is ₹2614 and the 2nd Price Target is ₹2856.

How To Purchase Adani Total Gas Ltd Share?

The most common trading platform for purchasing the Adani Total Gas Ltd Share is described below.

• Zerodha
• Upstox
• Groww
• Angelone

Investors Types and The Ratio Of Adani Total Gas Share

There are mainly four main types of Investors in Adani Total Gas Share.

Promoters Holding (75.12%)

Promoters Holding means how much capital is invested by company promoters (owner of the company) through overall capital. For Adani Total Gas Share promoter holding capacity is 75.12%.

Public Holding (5.75%)

Public Investors an individuals investing in the public market to get profit in the future (large and small companies). For Adani Total Gas Share public holding capacity is 5.75%.

FII (Foreign Institutional Investors) 13.01%

Foreign Institutional Investors are those big companies that invest in different countries. For Adani Total Gas Share FII is 13.01%.

DII (Domestic Institutional Investors) 6.12%

Domestic Institutional Investors (like Insurance, companies, and mutual funds) who invest in their own country. For Adani Total Gas Share DII is 6.12%.

Adani Total Gas Ltd Peer’s Company

• Kunlun Energy Company Limited
• EMN Natural Gas Company Limited
• Osaka Gas Company Limited
• Tokyo Gas Company Limited
• Gujarat Gas Ltd GUJGASLTD

Advantages and Disadvantages Of Adani Total Gas Share

Every Share has some advantages and some disadvantages. Adani Total Gas Share also has some advantages and disadvantages which are described below portion.

Advantages

• The Company is increasing with zero debt and the interest cover ratio of the company is 11.01% which is a positive side for the company’s growth.
• The ROE has shown 24% in the last 3 years which is good for the company’s growth.
• The company has a strong cash-generating ability which improves the cash flow cycle which is good for the company’s growth.
• The annual net profit of the company’s also increased in the last 2 years which also increases Adani Total Gas Share Price Target yearly basis.

Disadvantages

• The company has a high PE Ratio which is 195.74 is a bad sign for the company’s growth.
• The company has a high EBITDA of 110.55 which may impact badly in company’s growth.

Also Read- NHPC Share Price Target

FAQ

Conclusion

Hopefully, www.sharetargethub.com will help you gain some basic ideas about Adani Total Gas Share Price Target. By doing the research and taking advice from expertise we ensure that on a long-term basis, MRPL Share Price Target may reach a very high position. Adani Total Gas Ltd Company is related to the natural gas sector. So the demand for this sector also increases which helps the share to gain profit in the future.

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