Adani Total GasNSE:ATGL +0.06%92 Pretax Margin % is 14.57% as of Mar. 2026, which is 25% below its 10-year median of 19.55. GuruFocus rates NSE:ATGL with a GF Score™ of 92/100 and a GF Value™ of ₹843.69 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 503 Utilities - Regulated companies, Adani Total Gas ranks better than 61.83% on this metric.
The historical rank and industry rank for Adani Total Gas's Pretax Margin % or its related term are showing as below:
NSE:ATGL'
s Pretax Margin % Range Over the Past 10 Years
Min: 14.43 Med: 19.55 Max: 37.49
Current: 14.96
NSE:ATGL's Pretax Margin % is ranked better than 61.83% of 503
companies
in the Utilities - Regulated industry
Industry Median: 12.07
vs NSE:ATGL: 14.96
Adani Total Gas (NSE:ATGL) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Adani Total Gas Pretax Margin % Related Terms
Adani Total Gas Pretax Margin % Historical Data
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The historical data trend for Adani Total Gas's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:ATGL vs ATO, NI, UGI: Pretax Margin % Comparison
For the Utilities - Regulated Gas subindustry, Adani Total Gas's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Adani Total Gas Pretax Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Adani Total Gas's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Adani Total Gas's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Adani Total Gas (NSE:ATGL) has a Pretax Margin % of 14.57% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Adani Total Gas and its competitors. This is 25% below median its historical median of 19.55. Over the past decade, Adani Total Gas' Pretax Margin % has ranged from 14.43 to 37.49. According to the industry distribution chart, Adani Total Gas ranks #192 out of 503 companies in the Utilities - Regulated industry, placing it in the top 38.2%.
Is Adani Total Gas' Pretax Margin % too high?
Adani Total Gas' current Pretax Margin % of 14.57% is 25% below median its 10-year median of 19.55. Over the past 10 years, this metric has ranged from a low of 14.43 to a high of 37.49. The Utilities - Regulated industry median Pretax Margin % is 12.07. Adani Total Gas' value of 14.57% is 20.7% above this industry median. Based on the distribution chart, Adani Total Gas ranks #192 out of 503 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Adani Total Gas has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Adani Total Gas' Pretax Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Adani Total Gas ranks #192 out of 503 companies for Pretax Margin %. This puts Adani Total Gas in the upper half of its industry. The industry median Pretax Margin % is 12.07. Adani Total Gas' value of 14.57% is 20.7% above this benchmark. Historically, Adani Total Gas' own Pretax Margin % has ranged from 14.43 to 37.49 over the past decade. While the company's 10-year median is 19.55 vs. the industry median of 12.07, Adani Total Gas has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Utilities - Regulated company?
The median Pretax Margin % among Utilities - Regulated companies is 12.07, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Adani Total Gas's current Pretax Margin % of 14.57% is 20.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Adani Total Gas and its competitors. For the Utilities - Regulated industry, the median Pretax Margin % is 12.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adani Total Gas's current Pretax Margin % is 14.57%, which is 25% below median its own 10-year median of 19.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adani Total Gas stock overvalued right now?
Based on GuruFocus' analysis, Adani Total Gas (NSE:ATGL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹843.69, compared to a current price of ₹719.80 — trading 14.7% below its estimated fair value. The current Pretax Margin % is 14.57%, which is 25% below median its 10-year median of 19.55 and 20.7% above the Utilities - Regulated industry median of 12.07. Adani Total Gas' overall GF Score™ is 92/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Adani Total Gas (NSE:ATGL), the current Pretax Margin % is 14.57% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Adani Total Gas (NSE:ATGL) Overvalued in 2026?
Based on GuruFocus' analysis, Adani Total Gas stock appears to be undervalued.
The current stock price of ₹719.80 is trading 14.7% below its estimated GF Value™ of ₹843.69.
GuruFocus considers Adani Total Gas to be Modestly Undervalued.
Key valuation signals for NSE:ATGL:
Pretax Margin %: 14.57% (25% below median its 10-year median of 19.55)
GF Value™: ₹843.69 vs. price of ₹719.80 (14.7% below fair value)
Industry Position: 20.7% above the Utilities - Regulated median (#192 of 503)
No single metric tells the full story. See the NSE:ATGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adani Total Gas Ltd is engaged in the City Gas Distribution (CGD) business and supplies natural gas to domestic, commercial, industrial, and vehicle users. The company is exploring doing business in bio gas, bio fuel, bio mass, LCNG, HCNG, EV, Hydrogen, manufacturing of various equipment, and provision of value-added services relating to CGD business. It is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential), and Compressed Natural Gas (CNG) to the transport sector. Natural Gas is a convenient, reliable, and environmentally friendly fuel that allows consumers to enjoy a high level of safety, convenience, and economic efficiency. The Group has a single operating segment that is the sale of Natural Gas.
92GF Score
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