Adani Total Gas is 80% down from Highs — But It Just Reported ₹1,116 Cr Profit. Hindenburg wounds are still fresh

Current Price: ₹681.40 | Down from ₹4,000+ Peak

🧯 At a Glance

• Adani Total Gas Ltd (ATGL) posted ₹1,116 Cr net profit in FY25, up 9% YoY.
• Revenue rose 8% to ₹4,654 Cr, driven by higher PNG (industrial) volumes.
• But the stock? Still down ~80% from its ATH of ₹4,000.
• Why? A mix of regulatory overhangs, valuation bubbles, and investor heartbreak post-Hindenburg.

So, is ATGL still a ticking time bomb — or an undervalued gem with French perfume (read: TotalEnergies)?

⛽ Company Overview

• JV between Adani Group (74.8%) and TotalEnergies (25.2%)
• Operates City Gas Distribution (CGD) networks
• Supplies:
  • PNG – Piped Natural Gas (domestic, industrial, commercial)
  • CNG – Compressed Natural Gas (auto fuel)
• Operating in 33 Geographical Areas across India
• Recent foray into EV charging and bio-CNG

In short: India’s largest listed CGD player with multibillion rupee ambitions… and recent reputation wounds.

🧑💼 Key Managerial Personnel

Yes, Adani + Total = Global + Local credibility — at least on paper.

💰 FY25 Financial Highlights (Standalone)