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Intrinsic value · Buy/Sell verdict · scores — free· 1049 Indian stocks· EOD 2026-07-29

Adani Total Gas Limited

₹655.9
+10.35 (+1.60%)
Sell

Momentum (49/100) does the heavy lifting; valuation (14/100) is the drag.

ExpensiveOvervalued
The bottom line

StocksWizard rates Adani Total Gas Limited a Sell, scoring 36/100 on our blended model. At ₹655.9 it trades above our blended DCF and relative-multiples fair value of ₹448.57, about 32% downside to that estimate — we read it as overvalued by 32%. The price is about 19% below its 52-week high of ₹808.27 and 40% above the low of ₹467.74. Financial health scores 100/100, in the safe band on the Altman Z-score, with a Piotroski F-score of 3/9. It clears 5 of 11 investability checks, with durability 42, valuation 28 and momentum 49 on our 0–100 scales.

Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.

Intrinsic value
Our fair value
₹448.57down 31.61%
Overvalued by 32%
Price ₹655.9Range ₹327.95₹558.07
DCF + relative blendhigh confidence

With a 20% margin of safety, our buy-below price is ₹358.86.

1-year price

EOD · 2026-07-29
1D
up 1.60%
1W
down 3.77%
1M
down 10.34%
3M
up 3.38%
6M
up 24.91%
1Y

52-week range

-18.85% from the 52-week high.

Trend check
Below 50-DMA₹715Above 200-DMA₹611

Price above both moving averages reads as an intact uptrend; below both, the trend is against you.

Verdict pillars

Sell36
A
Financial health 100/100
Altman Z 9.77 · Safe zone

Piotroski F-score 3/9 — quality of earnings & balance sheet.

Our scores

Durability42
Valuation28
Momentum49

Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.

Investability checklist

Passed 5 of 11 checks
Each check screens one fundamentals, valuation or trend signal.
  • No data: ROE above 15%
  • Fail: Low debt (D/E < 0.5): 0.59x
  • Pass: Positive free cash flow
  • Pass: Revenue growth > 10%: 27%
  • Fail: Earnings growing: -14%
  • Pass: Net margin ≥ 10%: 10.1%
  • No data: Current ratio > 1.5
  • Fail: Below our fair value
  • Fail: Margin of safety ≥ 20%
  • Pass: Above 200-day average
  • Fail: Above 50-day average
  • No data: Positive 1-year return
  • Pass: Altman Z in safe zone: Z 9.77
  • Fail: Piotroski ≥ 7: 3/9

Quarterly results

Revenue · 2Q2020
₹197 Cr
Net profit
₹39 Cr
Margin
20%
4Q2018
4Q2019
1Q2020
2Q2020
Revenue Net profitLatest revenue QoQ -56%

Annual financials

Revenue · 2021
₹1,684 Cr
Net profit
₹463 Cr
Margin
27%
2020
2021
Revenue Net profitLatest revenue YoY -10%

Shareholding

  • Promoter79.8%
  • Institutions7.3%
  • Public & other12.9%

Promoter holding via insider stake; institutional via reported holdings.

Key fundamentals

Market cap
₹71,801 Cr
P/E ratio
114.9
P/B ratio
14.76
EPS (TTM)
₹5.68
ROE
Debt / Equity
0.59x
Profit margin
10.1%
Free cash flow
₹161 Cr
52-week high
₹808.27
-18.85% from high
52-week low
₹467.74
Dividend yield
0.0%
Beta
0.69
SWOT snapshot

Bull case vs bear case

Bull case

Strengths

  • Financially solid — Altman Z 9.77.

Opportunities

  • Revenue growing (27% YoY).

Bear case

Weaknesses

  • Weak Piotroski score (3/9).

Threats

  • Earnings contracting year on year.
  • Rich valuation versus sector peers.
  • Trades ~32% above our estimated fair value.

About Adani Total Gas Limited

Adani Total Gas operates city gas distribution networks across India, supplying piped and compressed natural gas to domestic, commercial, industrial, and transportation customers. The company also distributes biogas, biofuel, biomass, LCNG, HCNG, and provides EV and hydrogen solutions.

Adani Total Gas Limited — frequently asked questions

Is Adani Total Gas Limited a buy, hold or sell?

StocksWizard currently rates Adani Total Gas Limited (ATGL) a Sell, based on a blended score of 36/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.

What is Adani Total Gas Limited's fair value?

Our blended DCF and relative-valuation model estimates Adani Total Gas Limited's fair value at about ₹448.57, versus a current price of ₹655.9 — roughly 32% downside. On that basis the stock looks overvalued by 32%.

Is Adani Total Gas Limited financially healthy?

Adani Total Gas Limited scores 100/100 on our financial-health model, placing it in the safe band on the Altman Z-score, with a Piotroski F-score of 3/9.

How has Adani Total Gas Limited's share price performed?

Adani Total Gas Limited is up 3% over three months, and last traded at ₹655.9. Past performance doesn't predict future returns.

Our verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.