Adani Total
What captured our attention
Adani Total Gas stood out with remarkable potential, exhibiting over 6.5 times volume growth in FY20, outshining its industry peers. It showcased exceptional efficiency in the private-sector gas distribution segment, bolstered by a valuable oil and gas asset portfolio.
Valuation Discrepancy Insights
When we initiated coverage, the company traded at approximately 20x FY22 PER, with earnings growth driven by robust volumes. The market initially overlooked the company's unique business model and rapid growth potential.
MNCL's Value-Added Contribution
We took the lead as the first and sole broker covering Adani Total Gas. We facilitated direct access to senior management. Since our analyst's initial coverage, the company's stock price has surged by an astounding 20-fold. We're proud to have played a pivotal role in this journey.
