Adani Gas Share Prices: What You Need to Know Before Investing

Adani Gas Share Prices have been on a rollercoaster ride in recent years, with a high of ₹214.8 in 2020 and a low of ₹63.1 in 2022.

The company has been expanding its gas distribution business, with a presence in 16 cities across the country.

Adani Gas operates in a deregulated market, which means the company has the freedom to set its own prices for gas supply.

The company has also been investing in renewable energy sources, with a focus on solar power to reduce its carbon footprint.

Its revenue has been steadily increasing, reaching ₹3,344.9 crore in FY2022.

Adani Total Gas Limited has an ambitious investment plan to expand its gas distribution network, aligning with India's goal to increase the share of natural gas in its energy mix.

The Indian Oil and Gas Market size is projected to reach USD 49.12 Billion cubic meters by 2029, with a CAGR of over 5.20% during the forecast period.

Adani Total Gas Limited is well-positioned to benefit from this growth, making it a viable choice for investing in the gas distribution industry.

Understanding the Shareholding Pattern is a crucial aspect of Fundamental Analysis. It's like knowing who's in charge of a company and how they're making decisions.

The shareholding pattern of Adani Total Gas Ltd. reveals that promoters hold a significant 74.8% stake in the company as of June 2024. This means they have a substantial amount of control over the company's operations and decisions.

Foreign Institutional Investors (FII) hold 13.1% of the shares, indicating that international investors have a notable presence in the company. Domestic Institutional Investors (DII) own 6.1% of the shares, showing that domestic investors also have a stake in the company.

Public shareholders own a relatively small 5.9% of the shares, suggesting that the company is not widely held by the general public.

Adani Total Gas Limited is a gas distribution company that has ambitious investment plans and a focus on expanding its gas distribution network.

The gas distribution sector in India is witnessing significant growth and investment, with an investment plan worth 67 billion dollars announced by the Prime Minister of India, Narendra Modi.

The Indian Oil and Gas Market size is projected to be valued at around USD 38.12 Billion cubic meters in 2024 and is expected to reach USD 49.12 Billion cubic meters by 2029 with a CAGR of over 5.20 % during the forecast period.

Adani Total Gas Limited aligns well with India's goal to increase the share of natural gas in its energy mix, with a target to increase Natural Gas' share from 6.3% at present to 15% by 2030.

This investment plan is intended to enable India to meet its energy needs as the third largest consumer globally, and Adani Total Gas Limited could be considered a viable choice for investing due to the positive prospects of the gas distribution industry.

Adani Total Gas operates in a competitive environment in the Gas Distribution Sector.

Some of its key competitors include companies like GAIL (India) Ltd. and Gujarat Gas Ltd. These companies are major players in the industry and pose a significant challenge to Adani Total Gas' market share.

Gujarat State Petronet Ltd. is another competitor that operates in the same sector as Adani Total Gas. Indraprastha Gas Ltd. and Mahanagar Gas Ltd. are also part of the competitive landscape.

Here's a list of Adani Total Gas' competitors in the Gas Distribution Sector: