ATGL Trading on NSE:ATGL is a topic that has been gaining a lot of attention in recent times. ATGL, which stands for Adani Total Gas Limited, is a leading player in the Indian gas distribution industry. The company is a joint venture between Adani Group and Total S.A., a French multinational oil and gas company.
ATGL was listed on the National Stock Exchange of India (NSE) in November 2018. Since then, the stock has been performing well and has attracted a lot of investor interest. In this article, we will provide an overview of ATGL trading on NSE:ATGL.
ATGL’s Business Model
ATGL is engaged in the distribution of natural gas in India. The company operates in four key segments: city gas distribution (CGD), industrial and commercial (I&C), compressed natural gas (CNG), and piped natural gas (PNG). ATGL has a presence in 15 states and union territories in India and has a customer base of over 4 lakh.
The company’s CGD segment is its largest revenue generator, accounting for over 80% of its total revenue. Under this segment, ATGL provides natural gas to households, commercial establishments, and vehicles through a network of pipelines.
ATGL’s I&C segment provides natural gas to industries such as ceramics, glass, steel, and textiles. The CNG segment provides natural gas as a fuel for vehicles, while the PNG segment provides natural gas to households for cooking and heating purposes.
ATGL’s Financial Performance
ATGL has been performing well financially since its listing on NSE:ATGL. In FY 2020-21, the company reported a revenue of Rs. 2,986 crore, a growth of 10% over the previous year. The company’s net profit for the year was Rs. 357 crore, a growth of 23% over the previous year.
ATGL’s Earnings Per Share (EPS) for FY 2020-21 was Rs. 10.38, and its Price to Earnings (P/E) ratio was 27.5. The company’s Return on Equity (ROE) for the year was 16.5%.
ATGL’s Stock Performance
ATGL’s stock has been performing well since its listing on NSE:ATGL. The stock was listed at a price of Rs. 90 per share and has since then grown to Rs. 1,400 per share as of August 2021. This represents a growth of over 1,450% in less than three years.
The stock has also outperformed the benchmark Nifty 50 index, which has grown by around 50% during the same period. ATGL’s stock has been a favorite among investors due to the company’s strong financial performance and growth prospects.
Conclusion
ATGL Trading on NSE:ATGL is an attractive investment opportunity for investors looking to invest in the Indian gas distribution industry. The company’s strong financial performance and growth prospects make it an attractive investment option. However, investors should always do their due diligence before investing in any stock and consult with a financial advisor if necessary.
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