Adani Total Gas (NSE:ATGL) ROCE %: 14.31% (As of Mar. 2026)


NSE:ATGL Adani Total Gas Ltd NSE:ATGL
92 GF Score
Price ₹719.80
GF Value ₹843.41
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Adani Total Gas ROCE %?

Adani Total Gas NSE:ATGL +0.06% 92 ROCE % is 14.31% as of Mar. 2026. GuruFocus rates NSE:ATGL with a GF Score™ of 92/100 and a GF Value™ of ₹843.41 (Modestly Undervalued). The stock has 8 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Adani Total Gas's annualized ROCE % for the quarter that ended in Mar. 2026 was 14.31%.

Adani Total Gas  (NSE:ATGL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Adani Total Gas ROCE % Related Terms

Adani Total Gas ROCE % Historical Data

* Premium members only.

The historical data trend for Adani Total Gas's ROCE % 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.

Adani Total Gas ROCE % Chart

Adani Total Gas Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.38 24.58 24.16 17.63 14.79

Adani Total Gas Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.85 16.32 14.67 15.22 14.31
NSE:ATGL
92GF Score
Adani Total Gas Ltd NSE:ATGL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Adani Total Gas ROCE % Calculation

Adani Total Gas's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=9944.8/( ( (76647.1 - 15381.9) + (95486.2 - 22305.8) )/ 2 )
=9944.8/( (61265.2+73180.4)/ 2 )
=9944.8/67222.8
=14.79 %

Adani Total Gas's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=10473.2/( ( (0 - 0) + (95486.2 - 22305.8) )/ 1 )
=10473.2/( ( 0 + 73180.4 )/ 1 )
=10473.2/73180.4
=14.31 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 14.31% mean?
Adani Total Gas (NSE:ATGL) has a ROCE % of 14.31% as of Mar. 2026.
Is Adani Total Gas' ROCE % too high?
Adani Total Gas' current ROCE % is 14.31%. The Utilities - Regulated industry median ROCE % is 6.91. Adani Total Gas' value of 14.31% is 107.1% above this industry median. 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' ROCE % compare to ATO and NI?
Adani Total Gas' ROCE % of 14.31% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.91. Adani Total Gas' value of 14.31% is 107.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.91, based on 504 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Adani Total Gas's current ROCE % of 14.31% is 107.1% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median ROCE % is 6.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adani Total Gas's current ROCE % is 14.31%. 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 ₹843.41, compared to a current price of ₹719.80 — trading 14.7% below its estimated fair value. The current ROCE % is 14.31% and 107.1% above the Utilities - Regulated industry median of 6.91. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Adani Total Gas (NSE:ATGL), the current ROCE % is 14.31% 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 ₹843.41. GuruFocus considers Adani Total Gas to be Modestly Undervalued.

Key valuation signals for NSE:ATGL:

  • ROCE %: 14.31%
  • GF Value™: ₹843.41 vs. price of ₹719.80 (14.7% below fair value)
  • GF Score™: 92/100 with 8 warning signs
  • Industry Position: 107.1% above the Utilities - Regulated median

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 Business Description

Other Exchanges 542066:India
Address S. G. Highway, Near Vaishno Devi Circle, Adani Corporate House, Shantigram, Khodiyar, Ahmedabad, GJ, IND, 382421
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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹719.80
Price
₹843.41
GF Value