Why is Adani Total Gas Ltd ?
1
Flat results in Sep 25
- DEBT-EQUITY RATIO(HY) Highest at 1.58 times
- DEBTORS TURNOVER RATIO(HY) Lowest at 1.25 times
2
Despite the size of the company, domestic mutual funds hold only 0.5% of the company
- Domestic mutual funds have capability to do in-depth on-the-ground research on companies- their small stake may signify either they are not comfortable at the price or the business
3
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -20.05% returns in the last 1 year, the stock has also underperformed BSE500 in each of the last 3 annual periods
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Gas)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Adani Total Gas for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Adani Total Gas
-20.05%
-0.49
40.52%
Sensex
4.74%
0.40
11.83%
Quality key factors
Factor
Value
Sales Growth (5y)
28.39%
EBIT Growth (5y)
10.04%
EBIT to Interest (avg)
10.79
Debt to EBITDA (avg)
1.35
Net Debt to Equity (avg)
0.32
Sales to Capital Employed (avg)
0.87
Tax Ratio
25.24%
Dividend Payout Ratio
4.20%
Pledged Shares
0
Institutional Holding
19.12%
ROCE (avg)
20.38%
ROE (avg)
19.05%
Valuation Key Factors 
Factor
Value
P/E Ratio
104
Industry P/E
37
Price to Book Value
14.46
EV to EBIT
74.40
EV to EBITDA
59.53
EV to Capital Employed
11.22
EV to Sales
12.19
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
15.08%
ROE (Latest)
13.88%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Sideways
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
No Trend
Technical Movement
5What is working for the Company
OPERATING CF(Y)
Highest at Rs 963.87 Cr
NET SALES(Q)
Highest at Rs 1,451.26 cr
-3What is not working for the Company
DEBT-EQUITY RATIO(HY)
Highest at 1.58 times
DEBTORS TURNOVER RATIO(HY)
Lowest at 1.25 times
Loading Valuation Snapshot...
Here's what is working for Adani Total Gas
Operating Cash Flow - Annually
Highest at Rs 963.87 Cr and Grown
each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (Rs Cr)
Net Sales - Quarterly
Highest at Rs 1,451.26 cr and Grown
each quarter in the last five quartersMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Here's what is not working for Adani Total Gas
Debt-Equity Ratio - Half Yearly
Highest at 1.58 times
in the last five half yearly periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Debtors Turnover Ratio- Half Yearly
Lowest at 1.25 times
in the last five half yearly periodsMOJO Watch
Company's pace of settling its Debtors has slowed
Debtors Turnover Ratio
Non Operating Income - Quarterly
Highest at Rs 8.69 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income






