# ATGL (ATGL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/atgl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹658.25
- Change: +12.14%
- As of: 2026-09-18
- 1D return: +12.56%
- 5D return: +9.62%
- 1M return: +0.46%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, ATGL is trading at ₹660.7. The stock exhibits a mixed technical stance across different timeframes. Daily and weekly indicators suggest a bullish trend, with the price trading above key moving averages and the Supertrend indicator. However, the monthly timeframe shows a bearish trend, with the price below the monthly Supertrend. This divergence indicates potential short-term strength within a longer-term consolidation or downtrend.

Recent activity includes an "Outside Bar" formation on the weekly chart on September 18, 2026. On the daily chart, there was an "EXTREME" volume anomaly with an upward price move on September 18, 2026, showing a volume ratio of 66.92 and a Z-score of 223.65. This suggests significant buying interest on that day.

The nearest resistance level is observed at ₹674.1, approximately 2.03% above the current price. Support is found around ₹622.79, about 5.74% below the current price. The stock's risk profile includes an annualized volatility of 44% and a current drawdown of -18%.

- Daily and weekly timeframes show bullish signals, while the monthly timeframe is bearish.
- Nearest resistance level: ₹674.1.
- Nearest support level: ₹622.79.
- Watch for a sustained break above ₹674.1 to strengthen the bullish case.
- Monitor for a drop below ₹622.79 as a potential weakening signal.

- Outside Bar
- Inside Bar
- Bearish Engulfing Reversal
- Evening Star
- Doji

### News Context

For the week ending September 18, 2026, Adani Total Gas reported its financial results for the June 2026 quarter. The company announced a net sales figure of ₹1,753.53 crore, representing a year-over-year increase of 27.2%. This growth in sales indicates an expansion in the company's revenue-generating activities during the period.

- Adani Total Gas reported June 2026 quarter net sales of ₹1,753.53 crore on September 17, 2026.
- This represents a 27.2% increase in net sales compared to the same period in the prior year.

- Adani Total Gas Consolidated June 2026 Net Sales at Rs 1,753.53 crore, up 27.2% Y-o-Y

### What Changed

Adani Total Gas (ATGL) reported consolidated net sales of ₹1,753.53 crore for the quarter ending June 2026. This represents a year-over-year increase of 27.2%. The company's stock price has seen an increase, trading at ₹660.7 on September 18, 2026, up from ₹589.0 prior to this observation date. The context of ATGL operating on the NSE remains unchanged.

- On 2026-09-18, Adani Total Gas reported consolidated net sales of ₹1,753.53 crore for the quarter ending June 2026.
- This net sales figure represents a 27.2% increase year-over-year.
- The stock price for ATGL was ₹660.7 on the observation date of 2026-09-18.
- The stock price was ₹589.0 prior to the observation date.
- Adani Total Gas continues to be listed on the NSE.

- Adani Total Gas Consolidated June 2026 Net Sales at Rs 1,753.53 crore, up 27.2% Y-o-Y

### Official Filings

Adani Total Gas Limited (ATGL) has made key leadership changes, appointing Mr. Preyash Jhaveri as Chief Financial Officer (CFO) and Key Managerial Personnel, effective September 3, 2026. Mr. Jhaveri, who previously served as Interim CFO, is a Chartered Accountant with over three decades of experience. This appointment follows board approval and a recommendation from the Nomination and Remuneration Committee. In terms of financial performance, for the quarter ended June 30, 2026, ATGL reported a consolidated revenue from operations of ₹1,906.79 crore and a profit after tax of ₹141.72 crore. Standalone revenue was ₹1,896.74 crore with a profit after tax of ₹133.03 crore. The company noted a 27% year-on-year revenue increase to INR 1,910 crore and a 13% rise in gas sales volume to 303 MMSCM for the same period. Management cited elevated gas sourcing costs impacting margins but highlighted strategies for mitigation. ATGL also reported progress in its infrastructure expansion, with its EV charging network reaching 5,306 points and selling 3.3 million electrons in the quarter, a 100% year-on-year growth. The company's creditworthiness remains stable, with ICRA Limited reaffirming its long-term rating at AA+ (stable outlook) and short-term rating at A1+ on August 7, 2026. CARE Ratings Limited also reaffirmed similar ratings on July 31, 2026. Furthermore, ATGL received an 'Leader' category ESG Rating of 75 for FY2026 from NSE Sustainability Ratings & Analytics Limited, based on its disclosures.

- Mr. Preyash Jhaveri appointed Chief Financial Officer and Key Managerial Personnel effective September 3, 2026.
- For the quarter ended June 30, 2026, consolidated revenue was ₹1,906.79 crore and profit after tax was ₹141.72 crore.
- Gas sales volume increased 13% year-on-year to 303 MMSCM for the quarter ended June 30, 2026.
- EV charging network expanded to 5,306 points, with 100% year-on-year growth in electrons sold during the quarter.
- Long-term credit rating reaffirmed at AA+ (stable outlook) by ICRA Limited on August 7, 2026, and by CARE Ratings Limited on July 31, 2026.
- Assigned an overall ESG Rating of 75 for FY2026, placing it in the 'Leader' category by NSE Sustainability Ratings & Analytics Limited.

- Adani Total Gas Limited has informed the Exchange about change in Management - Appointment of Mr. Preyash Jhaveri as Chief Financial Officer and Key Managerial Personnel w.e.f. September 3, 2026 |SUBJECT: Change in Management
- ADANI TOTAL GAS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Adani Total Gas Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Adani Total Gas Limited has informed the Exchange about ESG Rating by NSE Sustainability Ratings & Analytics Limited |SUBJECT: General Updates
- Adani Total Gas Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating

### Fundamentals

Adani Total Gas (ATGL) has shown a mixed operating trajectory based on available data. For the fiscal year ending March 2024, the company reported Sales of ₹4,472 crore and Net Profit of ₹653 crore. The latest reported quarterly results for Q3 FY2025-26 indicate Revenue from Operations of ₹1,639.22 crore and a Profit Loss For Period of ₹158.65 crore. Looking ahead, projections for FY2025-26 show Sales of ₹5,864 crore and Net Profit of ₹637 crore, with an Operating Profit Margin (OPM) of 20.0%. The company's balance sheet indicates a significant increase in Borrowings, rising from ₹394 crore in March 2019 to ₹1,555 crore in March 2024, and projected to reach ₹2,252 crore by March 2026. Concurrently, Fixed Assets have grown from ₹980 crore in March 2019 to ₹3,090 crore in March 2024, with further expansion to ₹4,102 crore projected by March 2026. This expansion is also reflected in Capital Work in Progress (CWIP), which stood at ₹1,476 crore in March 2024 and is projected to increase. The company's Cash Flow from Operations has shown an upward trend, reaching ₹971 crore in March 2024, with projections indicating ₹1,150 crore by March 2026. Free Cash Flow, however, has been volatile, turning positive to ₹227 crore in March 2024 after being negative in the preceding two years. Key monitoring areas include the sustained growth in revenue and operating profit, the management of increasing borrowings against asset expansion, and the trend in free cash flow generation.

- For the fiscal year ending March 2024, Sales were ₹4,472 crore and Net Profit was ₹653 crore.
- Q3 FY2025-26 reported Revenue from Operations at ₹1,639.22 crore and Profit Loss For Period at ₹158.65 crore.
- Projected Sales for FY2025-26 are ₹5,864 crore, with a projected Net Profit of ₹637 crore and an OPM of 20.0%.
- Borrowings increased from ₹394 crore in March 2019 to ₹1,555 crore in March 2024, with projections to reach ₹2,252 crore by March 2026.
- Fixed Assets grew from ₹980 crore in March 2019 to ₹3,090 crore in March 2024, projected to reach ₹4,102 crore by March 2026.
- Cash Flow from Operations was ₹971 crore in March 2024, with projections of ₹1,150 crore by March 2026.
- Free Cash Flow was ₹227 crore in March 2024, following negative figures in the prior two years.

### Bull Case

Adani Total Gas (ATGL) on the NSE has demonstrated significant sales growth over the past five years, with a compounded annual growth rate of 28%. This top-line expansion is further supported by recent performance, as indicated by a 20% compounded sales growth on a trailing twelve months (TTM) basis. The company's balance sheet shows an increase in fixed assets from ₹980 crore in March 2019 to ₹1,198 crore in March 2020, alongside a rise in investments from ₹186 crore to ₹291 crore over the same period. Cash flow from operations has also seen an increase, moving from ₹356 crore in March 2019 to ₹492 crore in March 2020. Technically, the stock exhibits a bullish trend on a weekly basis, with the Supertrend indicator suggesting a positive direction.

- Compounded sales growth over 5 years stands at 28%.
- Compounded sales growth on a TTM basis is 20%.
- Fixed assets increased from ₹980 crore (Mar 2019) to ₹1,198 crore (Mar 2020).
- Investments grew from ₹186 crore (Mar 2019) to ₹291 crore (Mar 2020).
- Cash flow from operations rose to ₹492 crore in Mar 2020 from ₹356 crore in Mar 2019.
- Weekly technical trend is indicated as bullish.

- Adani Total Gas Consolidated June 2026 Net Sales at Rs 1,753.53 crore, up 27.2% Y-o-Y

### Bear Case

The company's financial position shows an increase in borrowings from ₹394 crore in March 2019 to ₹428 crore in March 2020. Concurrently, Construction Work In Progress (CWIP) has risen significantly from ₹190 crore to ₹342 crore over the same period, indicating substantial ongoing capital expenditure. While total assets grew, the increase in liabilities, including borrowings, warrants attention. Free Cash Flow has decreased from ₹115 crore in March 2019 to ₹51 crore in March 2020. Furthermore, the company's profit growth has been negative on a trailing twelve months (TTM) basis, showing a -4% Compounded Profit Growth, contrasting with a 20% Compounded Sales Growth for the TTM period. The monthly trend analysis indicates a bearish Supertrend direction, suggesting potential downside risk.

- Borrowings increased to ₹428 crore as of March 2020 from ₹394 crore in March 2019.
- Construction Work In Progress (CWIP) more than doubled to ₹342 crore in March 2020 from ₹190 crore in March 2019.
- Free Cash Flow declined to ₹51 crore for the period ending March 2020, down from ₹115 crore in March 2019.
- Profit growth for the trailing twelve months (TTM) was -4%, while sales growth was 20%.

- Adani Total Gas Consolidated June 2026 Net Sales at Rs 1,753.53 crore, up 27.2% Y-o-Y

### FAQs

**How has Adani Total Gas Limited's sales and profit growth trended over the last five years and recently?**

Over the last five years, Adani Total Gas Limited has shown a compounded sales growth of 28%. In contrast, its compounded profit growth over the same period was 6%. For the trailing twelve months (TTM), sales growth was 20%, while profit growth was -4%.

**What has been the trend in Adani Total Gas Limited's cash flow from operations and investing activities?**

In the fiscal year ending March 2020, Adani Total Gas Limited reported cash flow from operating activities of ₹492 crore, an increase from ₹356 crore in March 2019. Cash flow from investing activities shifted from a positive ₹791 crore in March 2019 to a negative ₹461 crore in March 2020, indicating increased investment in assets. Cash from financing activities was negative ₹102 crore in March 2020, compared to a significantly larger negative ₹1077 crore in March 2019.

**What are the recent key announcements regarding Adani Total Gas Limited's management and credit standing?**

On September 3, 2026, Adani Total Gas Limited announced the appointment of Mr. Preyash Jhaveri as Chief Financial Officer and Key Managerial Personnel, effective immediately. He had previously served as Interim CFO. Additionally, on August 7, 2026, ICRA Limited reaffirmed the company's long-term credit rating at AA+ with a stable outlook and its short-term rating at A1+.

**What is Adani Total Gas Limited's recent stock performance and what are the key technical levels?**

As of September 18, 2026, Adani Total Gas Limited's stock has shown a return of 13% over the last day and 11% year-to-date. The stock is currently trading at ₹660.7. Key technical levels include immediate resistance at ₹674.1 and support around ₹622.79. The weekly trend indicates a bullish Supertrend direction, while the monthly trend shows a bearish Supertrend direction.

- Adani Total Gas Consolidated June 2026 Net Sales at Rs 1,753.53 crore, up 27.2% Y-o-Y
- Adani Total Gas Limited has informed the Exchange about change in Management - Appointment of Mr. Preyash Jhaveri as Chief Financial Officer and Key Managerial Personnel w.e.f. September 3, 2026 |SUBJECT: Change in Management
- ADANI TOTAL GAS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Adani Total Gas Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Adani Total Gas Limited has informed the Exchange about ESG Rating by NSE Sustainability Ratings & Analytics Limited |SUBJECT: General Updates
- Adani Total Gas Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹586.23
- Risk regime: Price Risk Requires Attention

### Support levels
- 622.7909179687499
- 600.28671875
- 594

### Resistance levels
- 674.1
- 690.916796875
- 716

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +12.56% |
| return_10 | +7.60% |
| return_1m | +2.07% |
| return_1y | +8.86% |
| return_20 | +0.46% |
| return_3m | -8.79% |
| return_5 | +9.62% |
| return_6m | +28.13% |
| return_since_start | -11.92% |
| return_ytd | +11.21% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -40.07% |
| annualized_volatility | +44.06% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Jumps 27% but Profit Drops 14% as Costs Surge

Adani Total Gas Limited reported a 27% year-on-year increase in revenue to ₹1,906.79 crore for the quarter ended 30 June 2026. However, profit for the period fell 14% to ₹141.72 crore, as total expenses rose faster than revenue. The net profit margin narrowed to 7.4% from 11% a year ago.

## Revenue Growth Accelerates

Revenue has risen steadily over the past five quarters, from ₹1,498.32 crore in the June 2025 quarter to ₹1,906.79 crore in the latest quarter. The 12.5% sequential increase from the March 2026 quarter was the largest quarter-on-quarter jump in the last five quarters.

## Profit Decline and Margin Compression

Despite the strong revenue performance, profit for the period declined to ₹141.72 crore, down from ₹168.34 crore in the preceding quarter and ₹165.24 crore in the same quarter last year. This is the lowest quarterly profit in the five-quarter series. The net profit margin contracted to 7.43% from approximately 11% a year earlier. The EBITDA margin for the quarter stood at 14.85%.

The divergence between revenue and profit is the central story. Revenue grew by ₹408 crore year-on-year, while profit before tax fell by ₹41 crore. This means total expenses (excluding tax) increased by roughly ₹449 crore, far outpacing the revenue gain.

## Pre-Tax Profit and Tax Impact

Profit before exceptional items and tax declined 18.7% year-on-year to ₹177.33 crore. Tax expense decreased by 20.8% to ₹45.18 crore, which partially offset the drop in pre-tax profit. The share of profit from associates and joint ventures was ₹9.57 crore.

## Key Takeaway

The June 2026 quarter saw a sharp divergence between revenue growth and profitability. Revenue reached a new high, but profit fell to its lowest level in five quarters, driven by a substantial increase in costs. The margin compression marks a notable shift from the prior trend.

### Ratios

## Official filings

- 2026-09-03 — Management Change: Adani Total Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_03092026140903_ATGL_Disclosure_SE_Appt_CFO_03092026.pdf)
- 2026-09-03 — Generic Announcement: Adani Total Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_16864_WebXMLFile_20260903_155628728.xml)
- 2026-08-14 — Generic Announcement: Adani Total Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_14082026171904_ATGL_Intimation_Investor_Conf_14082026.pdf)
- 2026-08-11 — Generic Announcement: Adani Total Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_11082026184704_ATGL_Intimation_NSE_Rating_11082026.pdf)
- 2026-08-07 — Credit Rating Update: Adani Total Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_07082026185906_ATGL_Intimation_ICRA_Rating_07082026.pdf)
- 2026-07-31 — Official Filing: Adani Total Gas Limited's long-term credit rating has been reaffirmed by CARE Ratings Limited at CARE AA+ with a Stable Outlook, and its short-term rating at CARE A1+. This disclosure was made on July 31, 2026, in accordance with SEBI Listing Regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_31072026165209_ATGL_Intimation_CareEdge_31072026.pdf)
- 2026-07-28 — Official Filing: Adani Total Gas Limited (ATGL) held an earnings call on July 22, 2026, to discuss its unaudited financial results for the quarter ended June 30, 2026. The company reported a 13% year-on-year increase in gas sales volume to 303 MMSCM, driven by 18% growth in CNG and 4% in PNG segments. Revenue grew 27% year-on-year to INR 1,908 crores, with EBITDA at INR 281 crores. Management attributed margin compression to elevated gas sourcing costs from spot purchases and APM allocation, and discussed strategies to mitigate these pressures through midterm and long-term contracts. The EV charging network expanded to 5,306 points, with 3.3 million electrons sold during the quarter, representing 100% year-on-year growth. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_28072026193110_ATGL_SE_TranscriptEarningsCall__28072026.pdf)
- 2026-07-22 — Official Filing: Adani Total Gas Limited has provided a link to the audio recording of an Analysts/Investors Call held on July 22, 2026. The call pertained to the unaudited financial results, both standalone and consolidated, for the quarter ended June 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_22072026190931_ATGL_SE_Audio_Recording_22072026.pdf)
- 2026-07-21 — Official Filing: Adani Total Gas Limited's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, on July 21, 2026. The consolidated revenue from operations for the quarter was ₹1,906.79 crore, with a profit after tax of ₹141.72 crore. The standalone revenue from operations was ₹1,896.74 crore, with a profit after tax of ₹133.03 crore. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_21072026152427_ATGL_Board_Meeting_Outcome_21072026.pdf)
- 2026-07-21 — Official Filing: Adani Total Gas Limited reported its unaudited financial results for the quarter ended June 30, 2026, with revenue increasing 27% year-over-year to INR 1,910 crore and volume growing 13% year-over-year to 303 MMSCM. The company expanded its CNG network to 707 stations, reached approximately 11.41 lakh households with PNG connections, and scaled up EV charge points to 5,306. Despite elevated gas costs due to geopolitical events and currency depreciation, ATGL maintained operational excellence and supply continuity. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_21072026173148_ATGL_SE_Media_Release_21072026.pdf)
- 2026-07-08 — Official Filing: Adani Total Gas Limited will hold an investor/analyst call on July 22, 2026, to discuss the unaudited financial results for the quarter ended June 30, 2026, and the business outlook. The call will be attended by key management personnel including the CEO and Interim CFO. This follows a board meeting intimation dated June 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_08072026130620_ATGL_SE_Intimation_Investor_Call_08072026.pdf)
- 2026-07-07 — Official Filing: Adani Total Gas Limited received a confirmation certificate from its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, for the quarter ended June 30, 2026. This certificate confirms compliance with SEBI regulations regarding the dematerialisation of securities, stating that all securities received for dematerialisation were processed and listed on the stock exchanges within the prescribed timelines. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_07072026193940_ATGL_Intimation_Reg-74_5__07072026.pdf)
- 2026-07-03 — Generic Announcement: Adani Total Gas Limited announced an upgrade in its ESG ratings by CRISIL ESG Ratings & Analytics Ltd. The company's overall ESG rating improved to 'CRISIL ESG 66' from 'CRISIL ESG 61', and its Core ESG rating was upgraded to 'CRISIL Core ESG 63' from 'CRISIL Core ESG 58'. These upgrades, effective for fiscal year 2026, are attributed to enhanced performance in Environmental and Social parameters, maintaining the company's 'Strong' ESG rating category. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_03072026195929_ATGL_Intimation_CRISIL_ESG__03072026.pdf)
- 2026-06-29 — Generic Announcement: Adani Total Gas Limited will close its trading window for dealing in company securities from July 1, 2026, until 48 hours after the announcement of its unaudited financial results for the quarter ended June 30, 2026. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_29062026171017_ATGL_Intimation_CTW_29062026.pdf)
- 2026-06-27 — Generic Announcement: Adani Total Gas Limited's ESG score was revised from 83.3 to 84.0 by CARE ESG Ratings Limited during its annual surveillance exercise, as of June 27, 2026. The company's ESG rating remains "Care Edge – ESG 1+", indicating a leadership position in managing ESG risk. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_27062026164616_ATGL_Intimation_CareEdge_ESG_27062026.pdf)
- 2026-06-26 — Generic Announcement: Adani Total Gas Limited held its 21st Annual General Meeting on June 25, 2026, where shareholders voted on six resolutions. The resolutions included the adoption of audited financial statements for the year ended March 31, 2026, the declaration of dividend for FY 2025-26, the re-appointment of directors Gautam S. Adani and Dr. Sangkaran Ratnam, and the ratification of remuneration for cost auditors M/s N D Birla & Co. for FY 2026-27. All resolutions were passed with a significant majority of votes in favor. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_26062026174536_ATGL_21st_AGM_Scr_Rep_Voting_Results.pdf)
- 2026-06-25 — Generic Announcement: The 21st Annual General Meeting of Adani Total Gas Limited was held on June 25, 2026, via Video Conferencing. Remote e-voting was available from June 21 to June 24, 2026. A total of 6,15,889 shareholders were on record as of June 18, 2026. The meeting was attended by 4 promoters and 76 public shareholders through Video Conferencing. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_25062026203324_ATGL_21st_AGM_Proceedings_250626.pdf)
- 2026-06-24 — Generic Announcement: Adani Total Gas Limited received an ESG rating of "67" in the "Strong" category from ESGRisk.ai, indicating it is an ESG leader. The rating was prepared independently by ESGRisk.ai based on publicly available data, and Adani Total Gas Limited did not engage them for this rating. This disclosure was made on June 24, 2026, pursuant to SEBI Listing Regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_24062026201634_ATGL_Intimation_ESG_24062026.pdf)
- 2026-06-16 — Generic Announcement: Adani Total Gas Limited has notified shareholders about unclaimed dividends for FY 2018-19 to FY 2024-25. Shareholders are requested to claim these dividends, as equity shares with unclaimed dividends for seven consecutive years may be transferred to the Investor Education and Protection Fund Authority during FY 2026-27. Newspaper advertisements were published on June 16, 2026, in compliance with relevant rules. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_16062026191631_ATGL_IEPF_Newspaper_Advt_16062026.pdf)
- 2026-06-01 — Generic Announcement: Adani Total Gas Limited has announced its 21st Annual General Meeting, including the record date for dividend and e-voting information, as per regulatory requirements. Separately, RO Jewels Limited and Kenvi Jewels Limited released their audited financial results for the quarter and year ended March 31, 2026, with both companies reporting net losses for the period. The Directorate of Employment and Training, Gandhinagar, is inviting bids for the selection of an Anchor Industry Partner for ITI Cluster Upgradation, with bid submissions opening on June 1, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_01062026140323_ATGL_Newspaper_Advt__AGM_01062026.pdf)
- 2026-05-29 — Generic Announcement: Adani Total Gas Limited will hold its 21st Annual General Meeting on June 25, 2026, at 5:00 PM IST via video conference. The company has submitted its Integrated Annual Report for the financial year 2025-26 and set June 18, 2026, as the cut-off date for shareholder eligibility to vote and attend the meeting. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_29052026234552_ATGL_Integrated_Annual_Report_FY26.pdf)
- 2026-05-29 — Generic Announcement: Adani Total Gas Limited responded to stock exchange inquiries on May 29, 2026, regarding significant price movement in its scrip. The company stated that the movement is purely market-driven and that management has no control over or knowledge of the reasons for the price change. Adani Total Gas confirmed it continues to make all relevant disclosures as per SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_29052026204308_ATGL_Clarification_Price_29052026.pdf)
- 2026-05-29 — Generic Announcement: Adani Total Gas Limited (formerly Adani Gas Ltd) is submitting its Business Responsibility and Sustainability Report for the Financial Year 2025-26. The report covers disclosures on a consolidated basis, including wholly owned subsidiaries. The company's primary business activity is the distribution of gaseous fuels, accounting for 99.20% of its turnover, mainly through the sale of Piped Natural Gas (PNG) and Compressed Natural Gas (CNG). — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_29052026234849_ATGL_BRSR_FY26.pdf)
- 2026-05-27 — Generic Announcement: Adani Total Gas Limited announced its 21st Annual General Meeting will be held on June 25, 2026, at 5:00 p.m. IST via Video Conferencing/Other Audio Visual Means. Newspaper advertisements were published on May 27, 2026, in compliance with Ministry of Corporate Affairs guidelines. The company also uploaded this information to its website. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_27052026182747_ATGL_SE_Newspaper_Advertisements_27052026.pdf)
- 2026-05-21 — Management Change: Adani Total Gas Limited announced board approvals on May 21, 2026, for leadership transition: Mr. Suresh P. Manglani was re-designated as Executive Director effective May 21, 2026, and Mr. Sanjay Pandita was appointed as Chief Executive Officer effective May 22, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/ATGL2024_21052026191953_ATGL_SE_BM_Outcome_21052026.pdf)

## News and market events

- 2026-09-18 — Economic Times: **Adani stocks soar up to 12% after Jefferies sees up to 53% upside in Adani Energy and others** — Adani group stocks rallied on Friday after Jefferies highlighted growth prospects across energy, ports and power businesses. Adani Total Gas gained over 12%, while Adani Energy Solutions, Adani Green, Adani Power and Adani Ports advanced following positive brokerage commentary and targets. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/adani-stocks-soar-up-to-12-after-jefferies-sees-up-to-53-upside-in-adani-energy-and-others/articleshow/134332474.cms)
- 2026-09-17 — MONEYCONTROL: **Adani Total Gas Consolidated June 2026 Net Sales at Rs 1,753.53 crore, up 27.2% Y-o-Y** — Adani Total Gas, Adani Total Gas, , Results, Earnings First-Cut — [Source](https://www.moneycontrol.com/news/business/earnings/adani-total-gas-consolidated-june-2026-net-sales-at-rs-1753-53-crore-up-27-2-y-o-y-14032430.html)
- 2026-09-09 — BUSINESSTODAY: **BPCL, IOC, HPCL shares unfazed as Brent crude hits $100 a barrel for first time since July** — Brent crude, $100 oil, Oil India, ONGC, BPCL, IOC, Reliance Industries, Nifty Oil & Gas, crude oil prices, US-Iran tensions — [Source](https://www.businesstoday.in/markets/stocks/story/bpcl-ioc-hpcl-shares-unfazed-as-brent-crude-hits-100-a-barrel-for-first-time-since-july-554239-2026-09-09)
- 2026-09-09 — BUSINESS: **Chennai Petroleum, MRPL, Oil India rise up to 5% as crude price nears $100** — Analyst said that the current rally in upstream oil and refining companies is primarily driven by elevated crude oil prices. — [Source](https://www.business-standard.com/markets/news/chennai-petroleum-mrpl-oil-india-rise-up-to-5-as-crude-price-nears-100-126090900372_1.html)
- 2026-08-24 — Economic Times: **Sebi Turns Down Adani-linked FPIs’ Settlement Applications** — Indias capital markets regulator has rejected settlement applications by foreign portfolio investors (FPIs) that held significant stakes in listed Adani Group companies, people familiar with the matter said. — [Source](https://economictimes.indiatimes.com/et-front/sebi-turns-down-adani-linked-fpis-settlement-applications/articleshow/133446730.cms)
- 2026-08-19 — Mint: **IGL, MGL to Adani Total Gas: City gas distributor stocks rise up to 4%; here's why** — The rally in the stocks came in after the government cleared an incentive scheme to boost domestic piped natural gas (PNG) connections. — [Source](https://www.livemint.com/market/stock-market-news/igl-mgl-to-adani-total-gas-city-gas-distributor-stocks-rise-up-to-4-heres-why-11787117125898.html)
- 2026-07-22 — The Hindu: **Q1 Results LIVE: Adani Green, Adani Power, Nestle, Eternal, Dr Reddy's Lab, NTPC Green, BPCL, HPCL, IndusInd Bank to announce Q1 results today, Bajaj Auto, TVS Motor, Canara Robeco shares gain, Bandhan Bank & Bharat Coking Coal tank** — Q1 Results Today, 22nd July 2026: Follow our Q1 live updates here — [Source](https://www.thehindubusinessline.com/markets/fy27-q1-results-today-live-updates-adani-green-adani-power-ntpc-nestle-eternal-bpcl-hpcl-indusind-bank-dr-reddys-bajaj-auto-tvs-motor-adani-energy-atgl-mastek-sagility-july-22-2026/article71248906.ece)
- 2026-07-22 — Mint: **Stocks to watch: Eternal, Nestle, Indian Hotels among shares in focus today; check list here** — Stock market today: Gift Nifty was trading near the 24,108 mark, down over 72 points from the previous close of Nifty futures. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-watch-eternal-nestle-indian-hotels-among-shares-in-focus-today-check-list-here-11784685409213.html)
- 2026-07-22 — Economic Times: **Stocks in news: IndusInd Bank, Adani Green, Eternal, Maruti Suzuki, Bandhan Bank** — Indian markets closed marginally higher after balancing mixed global cues and positive earnings. Adani Energy Solutions reported significant profit growth, while Adani Total Gas saw a decline. Maruti Suzuki announced a price increase, and several companies will report quarterly results soon. Bandhan Bank and Indian Hotels also posted strong first-quarter financial performances. Investors are watching key heavyweight sectors and upcoming company announcements closely. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-indusind-bank-adani-green-eternal-maruti-suzuki-bandhan-bank/articleshow/132542329.cms)
- 2026-07-21 — The Hindu: **Q1 Results Today Live: ATGL Q1 PAT down 14%, Adani Energy PAT zooms, TVS Motor, Bajaj Auto & Granules India profit rise, CRISIL, Mastek to announce Q1 results** — Q1 Results Today, 21st July 2026 Live Updates: Catch live updates — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-bajaj-auto-adani-energy-tvs-motor-atgl-tvs-holdings-crisil-mastek-indiamart-abslamc-ultratech-paytm-iob-kvb-sobha-sagility-cyient-dlm-results-21-july-2026/article71244506.ece)
- 2026-07-21 — The Hindu: **SBI not planning further stake sale in SBI Funds Management, says CS Setty** — Following the IPO, SBI holds over 55 per cent, while Amundi owns 32.5 per cent — [Source](https://www.thehindubusinessline.com/markets/sbi-not-planning-further-stake-sale-in-sbi-funds-management-says-cs-setty/article71248901.ece)
- 2026-07-21 — CNBC-TV18: **Adani Total Gas Q1 Results: Shares fall on lower profit, weak operating performance** — Adani Total Gas' operating performance weakened during the quarter, with EBITDA falling 7.9% to ₹270 crore from ₹293.2 crore last year and the EBITDA margin contracting to 14.2% from 19.6% in the year-ago period. — [Source](https://www.cnbctv18.com/market/adani-total-gas-q1-results-net-profit-falls-revenue-rises-margin-contracts-weak-operating-performeance-19950538.htm)
- 2026-07-21 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Sensex falls 238 points, Nifty ends below 24,200; midcaps outperform in range-bound trade** — Sensex Today | Stock Market LIVE Updates: Indian equity benchmarks ended mixed after a range-bound session, with the Nifty closing below the 24,200 mark as weakness in heavyweight stocks outweighed gains in select sectors. The Sensex fell 238 points to close at 77,470, while the Nifty declined 51 points to 24,188. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-expiry-today-hdfc-bank-bajaj-auto-paytm-ather-midcaps-share-price-liveblog-19950047.htm)
- 2026-07-21 — CNBC-TV18: **Q1 Results LIVE Updates: M&M Financial net profit jumps 75%; Adani Total Gas revenue rises 27%** — Q1 Results LIVE Updates: Nifty 50 company Bajaj Auto is reporting its earnings today. TVS Motor, M&M Financial, Aavas Financiers, Indian Hotels, AB Sunlife AMC, Adani Energy, Arvind Fashions, Bandhan Bank, Adani Total, Canara Robeco AMC, Cyient DLM, Crisil, Gabriel India, Hatsun Agro, Granules India, Indiamart, Mastek, JSW Infra, Mastek, NIIT, Medplus Health, Sagility, Sunteck Realty, Welspun Specialty, Trident, are among the other incoming results today. Paytm, Canara HSBC Life among others react to their results as well. Watch this space for all the LIVE Q1 updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-bajaj-auto-paytm-tvs-mm-fin-bandhan-indian-hotels-adani-rallis-indiamart-cyient-dlm-share-price-liveblog-19950068.htm)
- 2026-07-21 — The Hindu: **Q1 Results 21st July Highlights: ATGL Q1 PAT down 14%, Adani Energy PAT zooms, TVS Motor, Bajaj Auto & Granules India profit rise,** — Q1 Results Today, 21st July 2026 Highlights: Find all the latest Q1 results 2026 Highlights of Bajaj Auto, Adani Energy Solutions, TVS Motor Company, Indian Hotels Company, JSW Infrastructure, Adani Total Gas, Mahindra and Mahindra Financial Services, Anthem Biosciences, Bandhan Bank, Aditya Birla Sun Life AMC, CRISIL, TVS Holdings, Gabriel India, Granules India, Hatsun Agro Products, Sagility, Bharat Coking Coal, Atlanta Electricals, Trident, AAVAS Financiers, IndiaMART InterMESH, Kirloskar Pne... — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-highlights-bajaj-auto-adani-energy-tvs-motor-atgl-tvs-holdings-crisil-mastek-indiamart-abslamc-ultratech-paytm-iob-kvb-sobha-sagility-cyient-dlm-results-21-july-2026/article71244506.ece)
- 2026-07-21 — The Hindu: **Stock Market Today Highlights, July 21: Sensex declines 238.41 points to settle at 77,470.11; Nifty dips 50.80 points to 24,187.70** — Sensex Today, Nifty 50 | Stock Market Highlights - Find here all the highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 21st May 2026. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-21st-may-2026/article71245381.ece)

## Business profile

**Strategic vision:** Develops and supplies natural gas and electric vehicle services.

### Business segments
- **City Gas Distribution (CGD):** Develops CGD networks to supply Piped Natural Gas to residential, commercial, and industrial customers, and Compressed Natural Gas for transportation.
- **Electric Vehicle Ecosystem:** Focuses on developing the EV ecosystem by offering EV charging services for various segments with a pan-India approach.
- **Biogas Production:** Dedicated to advancing biogas activities by establishing biogas plants that utilize agricultural waste to produce compressed biogas.

### Competitive strengths
- Joint venture between Adani Group and TotalEnergies
- Extensive operational presence in multiple geographical areas across India

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/atgl
Markdown representation: https://faxioms.com/stocks/atgl?render=md