Adani Gas stock price: Adani Gas stock drops 0.14% as Nifty gains

NEW DELHI: Shares of Ltd. traded down 0.14% in Friday trade at 12:07 p.m. (IST). Approximately 5,076 shares changed hands over the counter.

The counter opened at Rs 2484.85 and touched an intraday high and low of Rs 2484.85 and Rs 2390.0, respectively, during the session so far. The share of Adani Total Gas Ltd. quoted a 52-week high of Rs 2,739.95 and a 52-week low of Rs 772.95.

The total market capitalization of Adani Total Gas Ltd. stood at Rs 269,013.55 crore at the time of writing.

Key financial data

The company reported consolidated net sales of Rs 1,022.2 crore for the quarter ended March 31, 2022, up 14.68% from Rs 891.33 crore in the previous quarter and up 69.33% from from Rs 603.66 crore in the prior year quarter.

Net profit for the last quarter stood at Rs 81.09 crore, down 43.58% from the same quarter a year ago.

Ownership model

As of March 31, 2022, DIIs held 0.03% of the company’s capital, while foreign institutional investors held 17.83% and promoters 74.8%.

Valuation coefficient

According to BSE data, the stock was trading at a price-to-earnings multiple of 528.1 and a price-to-book ratio of 97.81. A higher P/E ratio shows that investors are willing to pay a higher price due to better expectations for future growth. The price-to-book ratio indicates the intrinsic value of a company and is the measure of the price that investors are willing to pay even without growth of the company.

Adani Total Gas Ltd. belongs to the gas distribution industry.

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