1. Petronet LNG
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41% Buy

Petronet LNG Share Price

PETRONET

₹308.00+₹3.00 (0.98%) Past Year
₹299.50₹313.65
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Company overview

About

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Market cap

Market Cap Switch₹45,818 Cr

Open

₹300.10

Close

₹305.00

Circuit range

₹335.50 - ₹274.50

Day range

₹299.50 - ₹313.65

Year range

₹191.70 - ₹315.20

Volume

1,38,39,298

Avg. traded

₹310.17

Revenue (12m)

₹52,810 Cr

Petronet LNG

Petronet LNG Limited is one of the leading companies in the oil and natural gas sectors in India. The company is promoted by central public sector undertakings like GAIL, ONGC, Indian Oil Corporation and Bharat Petroleum Corporation.

It has set up India’s first and southeast Asia’s first LNG receiving and regasification terminal at Dahej, Gujarat. It has another terminal with a nominal capacity of 5 MMTPA to cater to this business at Kochi, Kerala.

Petronet LNG Limited was established in April 1998 as a joint venture company with majority stake held by leading four oil and gas PSUs. It received the certificate of commencement of business in June 1998. The company launched its initial public offering (IPO) in 2004.

The company signed a Memorandum of Understanding with Gujarat Maritime Board in 2006-07 to develop a second LNG jetty/berth at Dahej. The company also executed a term agreement in 2007 in Doha, with Qatar’s Rasgas for supply of about 1.25MMT LNG.

Petronet LNG Limited’s market share stood at nearly ₹34,300 crore as of January 5, 2024. Petronet share price has dropped more than 10% in the last three years.

Business operations

Petronet LNG Limited is the dominant player in the LNG sector meeting nearly 40% of the gas requirement of the country. It has set up various terminals across India for receiving and regasification of LNG. Its primary operations involve supply of Liquified Natural Gas, petroleum and associated services.

Petronet LNG Limited has established India’s first LNG supply terminal at Dahej. The company aims to expand the capacity of the terminal from 17.5 MMTPA to 22.5 MMTPA. It comprises 6 LNG storage tanks and other vaporisation facilities.

Petronet LNG Limited has a current storage capacity of nearly 1 million CuM LNG at Dahej terminal. Petronet LNG Limited is adding two more storage tanks with a gross capacity of 1,85,000 CuM each. The cost of this project is estimated at ₹1,250 crore. It is expected to conclude by September 2024.

Petronet LNG Limited is building a third berth at the Dahej terminal to meet the increased demand for natural gas in the country at an investment ₹1,700 crore. The expansion of the third jetty will involve the handling of liquified gases like ethane and propane, along with LNG. Petronet LNG Limited will be able to accommodate carriers of size 65,000 CuM to 266,000 (Q-Max) CuM through the third jetty.

Petronet LNG Limited runs a small-scale LNG supply chain model. It provides natural gas, in the form of liquified natural gas (LNG), to small consumers. It uses unconventional transportation methods such as LNG-carrying trucks and small vessels. It supplies LNG to industries with liquid fuel requirements like glass industries, etc. The company supplies LNG for automotive consumption through LNG dispensing stations.

Financial highlights

The company’s consolidated total income stood at ₹60,422.42 crore FY23 compared to ₹43,466.30 crore in FY22. Its profit before tax stood at ₹4,335 crore in FY23 as against ₹4,474 crore in FY22. Its net profit marginally dropped to ₹3,325.82 crore in FY23 from ₹3,438.12 crore in FY22. Its earnings per share (EPS) stood at ₹22.17 in FY23 as against ₹22.92 in FY22.

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Petronet LNG Key indicators

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52 week high

₹315.20

52 week low

₹191.70

P/E ratio

13.05

P/B ratio

2.61

ROE

22.85%

ROCE

32.24%

Dividend yield

3.25%

Debt/Equity ratio

0.02

EPS

21.6

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Investment checklist: (6/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

41%

Hold

35%

Sell

24%

This analysis is based on the reviews of 29 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

9.06%

Net profit margin

5.41%

ROE

22.85%

ROA

14.88%

ROCE

32.24%

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Petronet LNG Shareholder returns

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1 day

-0.15%

1 week

+9.85%

1 month

+15.38%

3 months

+31.32%

1 year

+34.01%

3 years

+37.33%

5 years

+28.39%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Petronet LNG Share Price history

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DayOpenCloseDay’s change
Tue, Apr 16 2024
₹300.10
₹308.00
+2.56%
Mon, Apr 15 2024
₹300.30
₹305.00
+1.54%
Fri, Apr 12 2024
₹303.00
₹305.45
+0.80%
Wed, Apr 10 2024
₹290.00
₹302.50
+4.13%
Tue, Apr 9 2024
₹282.90
₹288.55
+1.96%
Mon, Apr 8 2024
₹278.00
₹281.00
+1.07%
Fri, Apr 5 2024
₹276.80
₹277.65
+0.31%
Thu, Apr 4 2024
₹284.05
₹275.75
-3.01%

Shareholding info

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Promoters (50%)

Mutual Funds (10.49%)

Retail and other (12.42%)

Foreign institutions-FII (26.22%)

Other domestic institutions (0.87%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹7/share

    Ex date 10 Nov 2023

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  • Dividend • ₹3/share

    Ex date 18 Aug 2023

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  • Dividend • ₹7/share

    Ex date 21 Nov 2022

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  • Dividend • ₹4.5/share

    Ex date 04 Jul 2022

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  • Dividend • ₹7/share

    Ex date 17 Nov 2021

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Frequently asked questions