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    ATGL   INE399L01023

ADANI TOTAL GAS LIMITED

(ATGL)
  Report
Delayed NSE India Stock Exchange  -  07:22:48 2023-03-28 am EDT
909.95 INR   -5.00%
04:21aAdani shares tumble on report group seeking time to pay ACC, Ambuja debt
RE
03/24Adani TotalEnergies Publishes its Full Response to Le Monde French Newspaper
AQ
03/23TotalEnergies Says Investments in Adani Units in Line with Indian Laws
MT
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India's Adani shares nosedive on concern about broader Hindenburg fallout

02/02/2023 | 11:40pm EDT
FILE PHOTO: Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad

NEW DELHI (Reuters) - Companies of India's Adani Group saw their share prices extend declines on Friday amid continued selling pressure as well as concern about any systemic impact from disarray triggered by a U.S. short-seller report critical of the group's finances.

Spooked investors have lopped off more than $100 billion from the market capitalisation of seven of the group's listed stocks since Hindenburg Research last week questioned the group's debt levels and use of tax havens.

Declines intensified after billionaire leader Gautam Adani shelved a $2.5 billion share sale which would otherwise have taken place at the height of the rout.

In an extra blow, S&P Dow Jones Indices on Thursday said it would remove flagship firm Adani Enterprises Ltd from widely used sustainability indices on Feb. 7, making the shares less appealing to environment-conscious investors.

Meanwhile, lawmakers have called for a wider probe into the matter, and the central bank has asked lenders for details of their exposure to the group, sources previously told Reuters.

In Friday morning trade, Adani Enterprises plunged 10% to its lowest since October 2021, taking losses to $28 billion since last week.

Adani Ports and Special Economic Zone Ltd, Adani Transmission Ltd and Adani Green Energy Ltd also slumped 10% each. Adani Total Gas Ltd fell 5%.

The meltdown in share prices marks a dramatic turn of fortune for Adani, who in recent years forged partnerships with, and attracted investment from, foreign giants as he pursues global expansion in sectors as varied as ports and power.

Adani is also no longer Asia's richest person, having slid to 17th in Forbes' rankings of the world's wealthiest people.

(Reporting by Aditya Kalra and Chris Thomas; Editing by Christopher Cushing)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
ADANI ENTERPRISES LIMITED -0.99% 1723.3 End-of-day quote.-55.35%
ADANI GREEN ENERGY LIMITED -5.00% 935.65 Delayed Quote.-49.02%
ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED -5.67% 593.4 Delayed Quote.-23.10%
ADANI POWER LIMITED -5.00% 173.85 Delayed Quote.-38.91%
ADANI TOTAL GAS LIMITED -5.00% 909.95 Delayed Quote.-74.06%
ADANI TRANSMISSION LIMITED -5.00% 1015 Delayed Quote.-58.74%
ADANI WILMAR LIMITED 0.25% 419.8 End-of-day quote.-32.03%
AMBUJA CEMENTS LIMITED -0.59% 369.75 End-of-day quote.-29.45%
TOTALENERGIES SE 2.90% 53.63 Real-time Quote.-11.12%
All news about ADANI TOTAL GAS LIMITED
04:21aAdani shares tumble on report group seeking time to pay ACC, Ambuja debt
RE
03/24Adani TotalEnergies Publishes its Full Response to Le Monde French Newspaper
AQ
03/23TotalEnergies Says Investments in Adani Units in Line with Indian Laws
MT
03/10MSCI ESG flags issues across Adani Group entities
RE
03/03Moody's unit revises outlook to negative for Adani Ports, Adani Total Gas
RE
03/03India's Adani to hold fixed-income road shows in London, Dubai, US
RE
02/24India's Adani to hold fixed-income roadshow next week in Asia
RE
02/21Adani group's market cap drops below $100 billion
AQ
02/17Most Adani stocks rise in early trade after attempt to assuage investors
RE
02/15MSCI delays index weighting changes for two Adani companies
RE
More news
Analyst Recommendations on ADANI TOTAL GAS LIMITED
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Financials
Sales 2022 30 384 M 369 M 369 M
Net income 2022 5 094 M 61,9 M 61,9 M
Net Debt 2022 10 039 M 122 M 122 M
P/E ratio 2022 464x
Yield 2022 0,01%
Capitalization 1 001 B 12 165 M 12 165 M
EV / Sales 2021 62,7x
EV / Sales 2022 78,1x
Nbr of Employees 466
Free-Float 21,4%
Chart ADANI TOTAL GAS LIMITED
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Technical analysis trends ADANI TOTAL GAS LIMITED
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Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 909,95
Average target price
Spread / Average Target -
Managers and Directors
Suresh P. Manglani Chief Executive Officer
Parag Parikh Chief Financial Officer
Gautambhai Shantilal Adani Chairman
Gunjan MaheshKumar Taunk Secretary & Compliance Officer
Naresh Kumar Nayyar Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ADANI TOTAL GAS LIMITED-74.06%12 805
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GAIL INDIA LIMITED8.17%8 304
TOKYO GAS CO., LTD.-2.86%8 276
APA GROUP-6.69%7 868
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