Years Mar-14 Mar-15 Mar-16 Mar-17 Mar-18

# Income Statement
Sales ₹ - ₹ - ₹ - ₹ - ₹ 1,373.66
Sales Growth - 0.00% 0.00% 0.00% 0.00%

COGS ₹ - ₹ - ₹ - ₹ - ₹ 968.21
COGS % Sales 0.00% 0.00% 0.00% 0.00% 70.48%

Gross Profit ₹ - ₹ - ₹ - ₹ - ₹ 405.45

Gross Margins 0.00% 0.00% 0.00% 0.00% 29.52%

Selling & General Expense ₹ - ₹ - ₹ - ₹ - ₹ 39.91

S&G Expense % Sales 0.00% 0.00% 0.00% 0.00% 2.91%

EBITDA ₹ - ₹ - ₹ - ₹ - ₹ 365.54
EBITDA Margins 0.00% 0.00% 0.00% 0.00% 26.61%

Interest ₹ - ₹ - ₹ - ₹ - ₹ 125.33
Interest % Sales 0.00% 0.00% 0.00% 0.00% 9.12%

Depreciation ₹ - ₹ - ₹ - ₹ - ₹ 61.01
Depreciation % Sales 0.00% 0.00% 0.00% 0.00% 4.44%

Earnings Before Tax ₹ - ₹ - ₹ - ₹ - ₹ 179.20

EBT % Sales 0.00% 0.00% 0.00% 0.00% 13.05%

Tax ₹ - ₹ - ₹ - ₹ - ₹ 94.39
Effective Tax Rate 0.00% 0.00% 0.00% 0.00% 52.67%

Net Profit ₹ - ₹ - ₹ - ₹ - ₹ 84.81

Net Margins 0.00% 0.00% 0.00% 0.00% 6.17%

No.of Equity Share 0 0 0 0 25.67

Earnings Per Share ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 3.30

EPS Growth % - 0.00% 0.00% 0.00% 0.00%

Dividend Per Share ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00

Dividend Payout Ratio 0.00% 0.00% 0.00% 0.00% 0.00%

Retained Earnings 0.00% 0.00% 0.00% 0.00% 100.00%

# Balance Sheet
Equity Share Capital ₹ - ₹ - ₹ - ₹ - ₹ 256.74
Reserves ₹ - ₹ - ₹ - ₹ - ₹ 759.43
Borrowings ₹ - ₹ - ₹ - ₹ - ₹ 1,344.65
Other Liabilities ₹ - ₹ - ₹ - ₹ - ₹ 441.72
Total Liabilities ₹ - ₹ - ₹ - ₹ - ₹ 2,802.54

Fixed Assets Net Block ₹ - ₹ - ₹ - ₹ - ₹ 896.72

Capital Work in Progress ₹ - ₹ - ₹ - ₹ - ₹ 101.83
Investments ₹ - ₹ - ₹ - ₹ - ₹ 179.74
Other Assets ₹ - ₹ - ₹ - ₹ - ₹ 1,416.45
Total Non Current Asset ₹ - ₹ - ₹ - ₹ - ₹ 2,594.74

Receivables ₹ - ₹ - ₹ - ₹ - ₹ 141.16
Inventory ₹ - ₹ - ₹ - ₹ - ₹ 42.16
Cash & Bank ₹ - ₹ - ₹ - ₹ - ₹ 24.48
Total Current Assets ₹ - ₹ - ₹ - ₹ - ₹ 207.80

Total Assets ₹ - ₹ - ₹ - ₹ - ₹ 2,802.54

Check 1 1 1 1 1

# Cash Flow Statements

Cash from Operating Activity ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 276.86

Cash from Investing Activity ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 -₹ 987.65

Cash from Financing Activity ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 778.84

Net Cash Flow ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 0.00 ₹ 68.05

 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 LTM

₹ 1,718.96 ₹ 1,874.55 ₹ 1,695.60 ₹ 3,037.81 ₹ 4,378.19 ₹ 4,391.90

25.14% 9.05% -9.55% 79.16% 44.12% 0.31%

₹ 1,200.25 ₹ 1,183.69 ₹ 902.02 ₹ 2,118.26 ₹ 3,331.37 ₹ 3,498.81

69.82% 63.15% 53.20% 69.73% 76.09% 79.67%

₹ 518.71 ₹ 690.86 ₹ 793.58 ₹ 919.55 ₹ 1,046.82 ₹ 893.09

30.18% 36.85% 46.80% 30.27% 23.91% 20.33%

₹ 63.74 ₹ 96.10 ₹ 89.26 ₹ 146.55 ₹ 176.95

3.71% 5.13% 5.26% 4.82% 4.04% 0.00%

₹ 454.97 ₹ 594.76 ₹ 704.32 ₹ 773.00 ₹ 869.87 ₹ 893.09

26.47% 31.73% 41.54% 25.45% 19.87% 20.33%

₹ 89.85 ₹ 41.05 ₹ 40.48 ₹ 52.73 ₹ 78.43 ₹ 83.42

5.23% 2.19% 2.39% 1.74% 1.79% 1.90%

₹ 67.31 ₹ 50.70 ₹ 62.52 ₹ 82.73 ₹ 113.10 ₹ 122.10

3.92% 2.70% 3.69% 2.72% 2.58% 2.78%

₹ 297.81 ₹ 503.01 ₹ 601.32 ₹ 637.54 ₹ 678.34 ₹ 687.57

17.33% 26.83% 35.46% 20.99% 15.49% 15.66%

₹ 127.81 ₹ 111.16 ₹ 159.26 ₹ 174.38 ₹ 186.05 ₹ 189.78

42.92% 22.10% 26.49% 27.35% 27.43% 27.60%

₹ 170.00 ₹ 391.85 ₹ 442.06 ₹ 463.16 ₹ 492.29 ₹ 497.79

9.89% 20.90% 26.07% 15.25% 11.24% 11.33%

109.98 109.98 109.98 109.98 109.98 1242.8

₹ 1.55 ₹ 3.56 ₹ 4.02 ₹ 4.21 ₹ 4.48 ₹ 0.40

-53.21% 130.50% 12.81% 4.77% 6.29% -91.05%

₹ 0.25 ₹ 0.25 ₹ 0.25 ₹ 0.25 ₹ 0.25 -

16.18% 7.02% 6.22% 5.94% 5.59% -

83.82% 92.98% 93.78% 94.06% 94.41% -

₹ 109.98 ₹ 109.98 ₹ 109.98 ₹ 109.98 ₹ 109.98
₹ 991.97 ₹ 1,360.90 ₹ 1,823.83 ₹ 2,306.25 ₹ 2,830.98
₹ 393.92 ₹ 428.22 ₹ 529.07 ₹ 1,035.16 ₹ 1,422.09
₹ 552.24 ₹ 577.22 ₹ 740.76 ₹ 963.86 ₹ 1,282.25
₹ 2,048.11 ₹ 2,476.32 ₹ 3,203.64 ₹ 4,415.25 ₹ 5,645.30

₹ 980.18 ₹ 1,198.01 ₹ 1,379.30 ₹ 1,732.98 ₹ 2,334.75

₹ 190.47 ₹ 342.06 ₹ 696.48 ₹ 1,170.52 ₹ 1,618.76
₹ 175.97 ₹ 281.56 ₹ 417.33 ₹ 633.92 ₹ 682.26
₹ 414.98 ₹ 462.75 ₹ 543.97 ₹ 580.18 ₹ 276.95
₹ 1,761.60 ₹ 2,284.38 ₹ 3,037.08 ₹ 4,117.60 ₹ 4,912.72

₹ 82.79 ₹ 61.17 ₹ 103.68 ₹ 186.55 ₹ 269.78

₹ 43.96 ₹ 41.30 ₹ 52.01 ₹ 76.78 ₹ 90.96
₹ 159.76 ₹ 89.47 ₹ 10.87 ₹ 34.32 ₹ 371.84
₹ 286.51 ₹ 191.94 ₹ 166.56 ₹ 297.65 ₹ 732.58

₹ 2,048.11 ₹ 2,476.32 ₹ 3,203.64 ₹ 4,415.25 ₹ 5,645.30

1 1 1 1 1

₹ 356.10 ₹ 492.40 ₹ 653.50 ₹ 732.11 ₹ 852.85

₹ 791.01 -₹ 460.99 -₹ 770.50 -₹ 1,132.98 -₹ 1,166.59

-₹ 1,077.14 -₹ 102.04 ₹ 38.61 ₹ 421.77 ₹ 294.65

₹ 69.97 -₹ 70.63 -₹ 78.39 ₹ 20.90 -₹ 19.09

 RATIO ANALYSIS -ADANI TOTAL GAS LTD
Years Mar-14 Mar-15 Mar-16 Mar-17 Mar-18

Sales Growth 0.00% 0.00% 0.00% 0.00%

EBITDA Growth 0.00% 0.00% 0.00% 0.00%
EBT Growth 0.00% 0.00% 0.00% 0.00%
Net Profit Growth 0.00% 0.00% 0.00% 0.00%
Dividend Growth 0.00% 0.00% 0.00% 0.00%

Gross Margins 0.00% 0.00% 0.00% 0.00% 29.52%

EBITDA Margins 0.00% 0.00% 0.00% 0.00% 26.61%
EBIT Margins 0.00% 0.00% 0.00% 0.00% 22.17%
EBT Margins 0.00% 0.00% 0.00% 0.00% 13.05%
Net Profit Margins 0.00% 0.00% 0.00% 0.00% 6.17%

Sales Expenses % Sales 0.00% 0.00% 0.00% 0.00% 2.91%

Depreciation % Sales 0.00% 0.00% 0.00% 0.00% 4.44%
Operating Income % Sales 0.00% 0.00% 0.00% 0.00% 26.61%

Return on Capital Employed 0.00% 0.00% 0.00% 0.00% 12.90%

Retained Earnings % 0.00% 0.00% 0.00% 0.00% 100.00%
Return on Equity % 0.00% 0.00% 0.00% 0.00% 8.35%
Self Sustained Growth Rate 0.00% 0.00% 0.00% 0.00% 8.35%
Interest Coverage Ratio 0.00 0.00 0.00 0.00 2.43

Debtor Turnover Ratio 0.00 0.00 0.00 0.00 9.73

Creditor Turnover Ratio 0.00 0.00 0.00 0.00 3.11
Inventory Turnover 0.00 0.00 0.00 0.00 32.58
Fixed Asset Turnover 0.00 0.00 0.00 0.00 1.53
Capital Turnover Ratio 0.00 0.00 0.00 0.00 1.35

Debtor Days 0 0 0 0 38
Payable Days 0 0 0 0 117
Inventory Days 0 0 0 0 11
Cash Conversion Cycle 0 0 0 0 -69

CFO/Sales 0.00 0.00 0.00 0.00 0.20

CFO/Total Asset 0.00 0.00 0.00 0.00 0.10
CFO/Total Debt 0.00 0.00 0.00 0.00 0.21
TOTAL GAS LTD
Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mean

25.14% 9.05% -9.55% 79.16% 44.12% 16.44%

24.47% 30.73% 18.42% 9.75% 12.53% 10.65%
66.19% 68.90% 19.54% 6.02% 6.40% 18.56%
100.45% 130.50% 12.81% 4.77% 6.29% 28.31%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30.18% 36.85% 46.80% 30.27% 23.91% 19.75%

26.47% 31.73% 41.54% 25.45% 19.87% 17.17%
22.55% 29.02% 37.85% 22.72% 17.28% 15.16%
17.33% 26.83% 35.46% 20.99% 15.49% 12.91%
9.89% 20.90% 26.07% 15.25% 11.24% 8.95%

3.71% 5.13% 5.26% 4.82% 4.04% 2.59%

3.92% 2.70% 3.69% 2.72% 2.58% 2.01%
26.47% 31.73% 41.54% 25.45% 19.87% 17.17%

25.92% 28.65% 26.06% 20.00% 17.34% 13.09%

83.82% 92.98% 93.78% 94.06% 94.41% 55.91%
15.43% 26.64% 22.86% 19.17% 16.74% 10.92%
12.93% 24.77% 21.44% 18.03% 15.80% 10.13%
4.31 13.25 15.85 13.09 9.65 5.86

20.76 30.64 16.35 16.28 16.23 11.00

3.11 3.25 2.29 3.15 3.41 1.83
39.10 45.39 32.60 39.57 48.13 23.74
1.75 1.56 1.23 1.75 1.88 0.97
1.56 1.27 0.88 1.26 1.49 0.78

18 12 22 22 22 13.42
117 112 159 116 107 72.92
9 8 11 9 8 5.66
-90 -92 -126 -84 -77 -53.84

0.21 0.26 0.39 0.24 0.19 0.15

0.17 0.20 0.20 0.17 0.15 0.10
0.90 1.15 1.24 0.71 0.60 0.48
Median

0.00%
9.75%
6.02%
4.77%
0.00%

26.71%
22.66%
19.73%
14.27%
8.03%

3.31%
2.64%
22.66%

15.12%
88.40%
11.89%
10.64%
3.37

12.98
2.70
32.59
1.38
1.07

14.75
109.65
7.81
-72.74

0.20
0.12
0.40
 ADANI TOTAL GAS LTD - Sales Forecasting ADANI TOTAL GAS LTD - EBITDA Forecasting
Year Weight Years Sales Sales Growth Year Weight Years
1 Mar-14 0 - 1 Mar-14
2 Mar-15 0.00 0.00% 2 Mar-15
3 Mar-16 0.00 0.00% 3 Mar-16
4 Mar-17 0.00 0.00% 4 Mar-17
5 Mar-18 1373.66 0.00% 5 Mar-18
6 Mar-19 1718.96 25.14% 6 Mar-19
7 Mar-20 1874.55 9.05% 7 Mar-20
8 Mar-21 1695.60 -9.55% 8 Mar-21
9 Mar-22 3037.81 79.16% 9 Mar-22
10 Mar-23 4378.19 44.12% 10 Mar-23
11 Mar-24 3911.72 -10.65% 11 Mar-24
12 Mar-25 4537.83 16.01% 12 Mar-25
13 Mar-26 5153.59 13.57% 13 Mar-26
14 Mar-27 5713.14 10.86% 14 Mar-27
15 Mar-28 6152.93 7.70% 15 Mar-28
TAL GAS LTD - EBITDA Forecasting ADANI TOTAL GAS LTD - Earning Per Share Forecasting
EBITDA EBIDTA Growth Year Weight Years EPS EPS Growth
0 - 1 Mar-14 0.00 -
0.00 0.00% 2 Mar-15 0.00 0.00%
0.00 0.00% 3 Mar-16 0.00 0.00%
0.00 0.00% 4 Mar-17 0.00 0.00%
365.54 0.00% 5 Mar-18 3.30 0.00%
454.97 24.47% 6 Mar-19 1.55 -53.21%
594.76 30.73% 7 Mar-20 3.56 130.50%
704.32 18.42% 8 Mar-21 4.02 12.81%
773.00 9.75% 9 Mar-22 4.21 4.77%
869.87 12.53% 10 Mar-23 4.48 6.29%
997.42 14.66% 11 Mar-24 5.41 20.75%
1145.55 14.85% 12 Mar-25 6.16 13.95%
1286.45 12.30% 13 Mar-26 6.85 11.29%
1407.33 9.40% 14 Mar-27 7.42 8.21%
1490.81 5.93% 15 Mar-28 7.75 4.46%
COMPANY NAME ADANI TOTAL GAS LTD
LATEST VERSION 2.10
CURRENT VERSION 2.10

META
Number of shares 109.97
Face Value 1.00
Current Price 635.80
Market Capitalization 69,920.57

PROFIT & LOSS

Report Date Mar-14 Mar-15 Mar-16 Mar-17
Sales
Raw Material Cost
Change in Inventory
Power and Fuel
Other Mfr. Exp
Employee Cost
Selling and admin
Other Expenses
Other Income
Depreciation
Interest
Profit before tax
Tax
Net profit
Dividend Amount

Quarters
Report Date Mar-21 Jun-21 Sep-21 Dec-21
Sales 584.48 494.33 648.19 883.27
Expenses 379.81 287.22 416.76 679.95
Other Income 14.70 8.23 15.03 8.06
Depreciation 17.14 18.59 20.68 20.98
Interest 11.35 11.29 12.69 13.45
Profit before tax 190.88 185.46 213.09 176.95
Tax 46.06 47.06 54.20 45.37
Net profit 143.73 142.58 158.12 127.61
Operating Profit 204.67 207.11 231.43 203.32

BALANCE SHEET
Report Date Mar-14 Mar-15 Mar-16 Mar-17
Equity Share Capital
Reserves
Borrowings
Other Liabilities
Total
Net Block
Capital Work in Progress
Investments
Other Assets
Total
Receivables
Inventory
Cash & Bank
No. of Equity Shares
New Bonus Shares
Face value

CASH FLOW:
Report Date Mar-14 Mar-15 Mar-16 Mar-17
Cash from Operating Activity
Cash from Investing Activity
Cash from Financing Activity
Net Cash Flow

PRICE:

DERIVED:
Adjusted Equity Shares in Cr
 ='Data Sheet'!B1 & " - " & "

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

1,373.66 1,718.96 1,874.55 1,695.60 3,037.81 4,378.19
872.40 1,087.21 1,059.63 770.70 1,938.53 3,083.32
-0.64 -5.44 -0.34 1.08 8.87 -3.05
26.80 32.29 35.39 27.10 54.24 83.29
29.46 33.24 40.53 53.51 79.26 105.57
38.91 42.07 47.80 51.79 55.10 56.14
33.89 57.81 90.41 81.03 134.16 160.80
6.02 5.93 5.69 8.23 12.39 16.15
79.77 58.71 44.39 29.89 46.24 54.20
61.01 67.31 50.70 62.52 82.73 113.10
125.33 89.85 41.05 40.48 52.73 78.43
258.97 356.52 547.40 631.21 683.78 732.54
94.39 127.81 111.16 159.26 174.38 186.05
161.97 228.70 436.32 462.82 509.40 546.49
27.50 27.50 27.50 27.50 27.50

Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23

1,012.02 1,042.35 1,115.50 1,105.56 1,114.78 1,056.06
880.88 823.80 889.29 875.62 925.58 808.32
10.18 9.64 10.06 8.19 9.49 10.02
22.48 23.75 27.43 31.06 30.86 32.75
15.30 18.70 21.31 6.31 32.11 23.69
103.54 185.74 187.53 200.76 135.72 201.32
27.75 47.37 48.20 52.67 37.81 51.10
 81.09 138.37 160.02 150.19 97.91 150.22
131.14 218.55 226.21 229.94 189.20 247.74

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

256.74 109.98 109.98 109.98 109.98 109.98
759.43 991.97 1,360.90 1,823.83 2,306.25 2,830.98
1,344.65 393.92 428.22 529.07 1,035.16 1,422.09
441.72 552.24 577.22 740.76 963.86 1,282.25
2,802.54 2,048.11 2,476.32 3,203.64 4,415.25 5,645.30
896.72 980.18 1,198.01 1,379.30 1,732.98 2,334.75
101.83 190.47 342.06 696.48 1,170.52 1,618.76
179.74 175.97 281.56 417.33 633.92 682.26
1,624.25 701.49 654.69 710.53 877.83 1,009.53
2,802.54 2,048.11 2,476.32 3,203.64 4,415.25 5,645.30
141.16 82.79 61.17 103.68 186.55 269.78
42.16 43.96 41.30 52.01 76.78 90.96
24.48 159.76 89.47 10.87 34.32 371.84
### ### ### ### ### ###

10.00 1.00 1.00 1.00 1.00 1.00

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

276.86 356.10 492.40 653.50 732.11 852.85
-987.65 791.01 -460.99 -770.50 -1,132.98 -1,166.59
778.84 -1,077.14 -102.04 38.61 421.77 294.65
68.05 69.97 -70.63 -78.39 20.90 -19.09

128.70 86.35 961.25 2,149.80 867.75

25.67 109.98 109.98 109.98 109.98 109.98