Adani Total Gas Ltd Share Price Forecast: 2025, 2030, 2035, and 2050
Adani Total Gas Ltd (ATGL), a joint venture between the Adani Group and TotalEnergies, is a leading player in India’s city gas distribution (CGD) sector, supplying piped natural gas (PNG) and compressed natural gas (CNG) across domestic, commercial, industrial, and transport sectors. With a market capitalization of ₹74,363.66 crore as of May 2025, ATGL has shown resilience despite market challenges. This blog provides a share price forecast for ATGL for 2025, 2030, 2035, and 2050, leveraging historical Compound Annual Growth Rate (CAGR), recent financial performance, and industry trends to offer a comprehensive outlook.
Financial Overview and Recent Performance
ATGL’s financial performance in FY25 reflects steady growth amid challenges. The company reported a consolidated net profit of ₹654.41 crore for FY25, down 1.96% from ₹667.50 crore in FY24, while revenue from operations grew 11.74% to ₹4,999.86 crore from ₹4,474.74 crore. In Q4 FY25, net profit fell 7.96% year-on-year to ₹154.59 crore, but sales rose 14.94% to ₹1,341.26 crore. EBITDA for Q4 FY25 was ₹274 crore, down 10.16% year-on-year, with margins at 18.6% compared to 23.5% in Q4 FY24. Total sales volume increased 13% to 263 million metric standard cubic meters (MMSCM), with CNG sales up 18% to 177 MMSCM and PNG sales up 5% to 87 MMSCM. The company added 42 new CNG stations, bringing the total to 647, and expanded its steel pipeline network to 13,772 inch-km.
Key financial metrics include a P/E ratio of 101.28, a P/B ratio of 15.68, and a dividend yield of 0.08% (₹0.25 per share). ATGL’s return on equity (ROE) stands at 17.95%, with a debt-to-equity ratio of 0.37, indicating a healthy balance sheet. The company’s historical 5-year CAGR is 25%, but the 3-year return was -74.54%, reflecting volatility. For forecasting, we use a conservative CAGR range of 15–20%, aligning with analyst projections and India’s push for cleaner energy.
Share Price Forecast Methodology
The share price forecast is based on the current price of ₹676.15 (as of May 5, 2025) and a CAGR range of 15–20%. The formula is:
Future Value = Present Value × (1 + CAGR)^n
Where:
Analyst reports suggest a 2025 target price of ₹1,200–₹1,500, implying a 77–122% upside. Long-term projections account for ATGL’s expansion in CGD, e-mobility, and biomass, supported by government policies promoting natural gas.
Share Price Forecast
2025: Near-Term Outlook
For 2025, analysts project a target price of ₹1,200–₹1,500, driven by ATGL’s network expansion and rising natural gas demand. Using a 15% CAGR, the share price could reach ₹777, while a 20% CAGR suggests ₹811. The company’s addition of 3,400 EV charging points and 386 new industrial connections in Q4 FY25, along with a “Buy” rating from analysts, supports this optimism. However, higher gas costs and regulatory volatility may temper gains.
2030: Medium-Term Growth
By 2030, a 15% CAGR projects a share price of ₹1,571, while a 20% CAGR yields ₹2,434. ATGL’s focus on biogas, LCNG, and hydrogen, combined with its presence in 33 geographical areas, positions it to capitalize on India’s energy transition. Strategic partnerships with TotalEnergies and a favorable regulatory environment for clean energy are key growth drivers.
2035: Long-Term Potential
For 2035, a 15% CAGR results in a share price of ₹3,177, while a 20% CAGR projects ₹7,716. India’s target to increase natural gas’s share in the energy mix to 15% by 2030, coupled with ATGL’s investments in compressed biogas (CBG) plants, will likely sustain growth. However, competition from GAIL and Indraprastha Gas could pose challenges.
2050: Vision for the Future
By 2050, the share price could reach ₹13,097 at a 15% CAGR or ₹77,317 at a 20% CAGR. These projections assume ATGL maintains its market leadership, expands internationally, and adapts to technological advancements. Risks such as geopolitical tensions and raw material price fluctuations could impact long-term outcomes.
Key Financial Metrics and Investment Considerations
Risks and Challenges
Investors should consider:
Conclusion
Adani Total Gas Ltd is poised for growth, driven by India’s clean energy push and its robust CGD network. Share price forecasts suggest targets of ₹1,200–₹1,500 by 2025, ₹1,571–₹2,434 by 2030, ₹3,177–₹7,716 by 2035, and ₹13,097–₹77,317 by 2050, based on a 15–20% CAGR. While ATGL’s financial health and strategic expansions are promising, investors must weigh regulatory and competitive risks. Consulting a financial advisor is recommended before investing.
Disclaimer: These forecasts are based on historical data and analyst projections and are not guaranteed. Conduct thorough research before making investment decisions.
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