Share of Adani Total Gas Ltd (ATGL) is currently trading at around Rs.517/- Investors are asking for the ATGL Share Price Target 2026, 2030, 2035 and 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the ATGL Share Price Target 2026, 2030, 2035 and 2040.
Discussion & Analysis of Business & Financial performance with future business prospects of Adani Total Gas Ltd:
Adani Total Gas Ltd (ATGL) is currently in a strong growth phase, with rising revenues, expanding infrastructure, and a clear focus on sustainability and diversification. Its future prospects look promising, driven by India’s push for cleaner energy, expansion in city gas distribution, and investments in EV charging and green energy.
Current Business Position (FY26)
• Financial Performance
• Q3 FY26 revenue rose 17% year-on-year to ₹1,639 crore, with net profit up 10% to ₹157 crore.
• EBITDA for the nine months of FY26 stood at ₹919 crore, reflecting operational efficiency and volume growth.
• Operational Strength
• CNG network expanded to 680 stations, with 18 new stations added in Q3 FY26.
• PNG household connections crossed 10.5 lakh homes, with 34,000+ new households added in the quarter.
• Industrial and commercial customer base grew to 9,751, showing strong demand from businesses.
• Infrastructure Expansion
• Steel pipeline network extended to 14,862 inch-kilometers and MDPE pipeline to 8,100 km, ensuring long-term supply reliability.
• EV charging points increased to 4,908, highlighting diversification beyond gas distribution.
• Sustainability Recognition
• Dual ESG upgrades: CDP ‘A’ rating and DJSI ESG score of 72, ranked 9th globally among gas utilities.
• Safety excellence recognized with a Gold Award at Apex India Safety Awards.
Future Business Prospects
• City Gas Distribution (CGD) Growth
India’s government is aggressively expanding CGD coverage, and ATGL is well-positioned to benefit. With rising urbanization and demand for cleaner fuels, household PNG and CNG adoption will continue to grow.
• Diversification into EV Charging & Green Energy
The company’s investment in EV charging infrastructure aligns with India’s electric mobility push. Expansion in renewable energy and hydrogen blending could further strengthen its portfolio.
• Industrial & Commercial Demand
As industries shift towards cleaner fuels, ATGL’s commercial PNG and CNG offerings will see higher uptake, especially in manufacturing hubs.
• Regulatory & Policy Tailwinds
Government incentives for natural gas usage, carbon reduction targets, and infrastructure support provide a favorable environment for ATGL’s growth.
• Challenges & Risks
• Rising competition in CGD from other players.
• Volatility in global LNG prices impacting margins.
• Need for continuous capex in pipelines and charging infrastructure.
Conclusion
Adani Total Gas Ltd has established itself as a leading player in India’s clean energy transition, with robust financials, expanding infrastructure, and strong ESG credentials. Its future growth will be driven by CGD expansion, EV charging, and green energy initiatives, though it must navigate competition and global energy price volatility. Overall, ATGL is well-positioned to remain a key contributor to India’s sustainable energy landscape.
Share Price Targets:
ATGL Share Price Target 2026
Based on the above discussion and analysis, the share price of Adani Total Gas Ltd may touch the level of around Rs.575-600 in 2026
ATGL Share Price Target 2030
Based on the above discussion and analysis, the share price of Adani Total Gas Ltd may touch the level of around Rs.1150-1200 in 2030
ATGL Share Price Target 2035
Based on the above discussion and analysis, the share price of Adani Total Gas Ltd may touch the level of around Rs.2400-2500 in 2035
ATGL Share Price Target 2040
Based on the above discussion and analysis, the share price of Adani Total Gas Ltd may touch the level of around Rs.5000-5500 in 2040
Disclaimer: Investment in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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