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Petronet LNG Ltd Stock Analysis

Large Cap
Evaluated by 7259 users | BSE: 532522 | NSE: PETRONET |
Industrial Gases & Fuels

Petronet LNG Limited formed on April 2, 1998 as Joint Venture Company (JVC) having 50% shareholding of leading 4 Oil & Gas PSUs by GOI order dated July 4, 1997. An Independent Board managed JVC created for development of facilities for the import,...

1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Petronet LNG Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
Value Creation Index Colour Code Guide
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Capital Employed 19.36%17.24%10.96%12.6%11.54%17.65%18.96%19.06%29.12%27.2%-
Value Creation Index 0.450.29-0.18-0.06-0.140.320.420.421.181.03-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 22,69631,46737,74839,50127,13324,61630,59938,39535,45226,02326,023
Y-o-Y Gr. Rt.-38.7%20%4.6%-31.3%-9.3%24.3%25.5%-7.7%-26.6%-
Adjusted EPS (Rs.) 7.217.654.735.65.6510.5212.8213.519.3319.0819.66
Y-o-Y Gr. Rt.-6.1%-38.2%18.4%0.9%86.2%21.9%5.3%43.2%-1.3%-
Book Value per Share (Rs.) 23.4729.6633.2437.9244.0953.9664.867.1173.0277.6681.90
Adjusted Net Profit 1,0821,1487098408471,5781,9232,0252,9002,8612,949
Net Op. Cash Flow (Rs. Cr.) 1,2541,8239648303,3742,0682,9962,1412,8633,559-
Debt to Cash Flow from Ops 2.611.663.393.20.771.070.490.340.040.02-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Petronet LNG Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.5%-0.8%-5.3%-26.6%
Adjusted EPS 11.4%27.6%14.2%-1.3%
Book Value per Share 14.2126.26.4
Share Price 13.1% 6.5% 2% 7.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity (%) 34.9128.8115.0315.7413.7721.4621.5920.4727.5925.3224.64
Operating Profit Margin (%) 8.236.153.993.645.8610.9411.048.8312.0318.0616.29
Net Profit Margin (%) 4.773.651.882.133.126.416.285.278.181111.33
Debt to Equity 0.930.680.660.470.40.270.150.070.010.01-
Working Capital Days 41363129456052353038-
Cash Conversion Cycle 9571316864712-
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Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 50.00%
Institutions 36.17%
Non-Institutions 13.83%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Past 10 year's financial track record analysis by Moneyworks4me indicates that Petronet LNG Ltd is a good quality company.

Petronet LNG Ltd's earnings have grown by 27.6%, whereas share price has appreciated 6.5% CAGR over the past five years, indicating the company’s share price is likely undervalued. However, for specific investment actions please consult your investment advisor.

Petronet LNG Ltd share price has appreciated 11.8% annually (CAGR) over the past ten years.

Past 10 years financial track record analysis and assessment of future prospects by Moneyworks4me indicates that Petronet LNG Ltd is a good long term investment. However, you need to ensure you buy at a right price to earn good returns.

Petronet LNG Limited formed on April 2, 1998 as Joint Venture Company (JVC) having 50% shareholding of leading 4 Oil & Gas PSUs by GOI order dated July 4, 1997. An Independent Board managed JVC created for development of facilities for the import, storage and regasification of Liquefied Natural Gas. With equity participation from four Oil & Gas Maharatanas viz. Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation Limited (IOCL),

Petronet LNG Limited formed on April 2, 1998 as Joint Venture Company (JVC) having 50% shareholding of leading 4 Oil & Gas PSUs by GOI order dated July 4, 1997. An Independent Board managed JVC created for development of facilities for the import, storage and regasification of Liquefied Natural Gas. With equity participation from four Oil & Gas Maharatanas viz. Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation Limited (IOCL), GAIL (India) Limited (GAIL) and Bharat Petroleum Corporation Limited (BPCL).

Petronet LNG Limited, one of the fastest growing world-class companies in the Indian energy sector, has set up the country’s first LNG receiving and regasification terminal at Dahej, Gujarat and another terminal at Kochi, Kerala. While the Dahej Terminal. Petronet LNG is at the forefront of India’s all-out national drive to ensure the country’s energy security in the years to come. Formed as a Joint Venture Company by the Government of India to import LNG and set up LNG terminals in the country, it involves India’s leading oil and natural gas industry players.

Business area of the company:

Petronet LNG is involved in the business of import and regasification of LNG and supply to BPCL, GAIL, IOCL and others.

Milestones:

  • 1998: Formed to import LNG and setup LNG terminals.
  • 1999: LNG SPA with RasGas of Qatar
  • 2000: Dehaj terminal construction started
  • 2001: Shipping agreements Disha & Raahi
  • 2003: Gas sales agreements with GAIL, IOCL, BPCL.
  • 2004: IPO launched at price rate of Rs 15 for tying up 35% of the share capital.
  • 2004: PLL commences supplying regasified LNG.
  • 2007: 24 spot LNG cargoes to revive Dabhol power plant/MOU with GMB for second jetty.
  • 2009: Dahej expansion to 10 MMTPA/SPA with Exxon mobile for supplies from Australia.
  • 2010: Gas sales agreements with GAIL, IOCL, BPCL for Kochi
  • 2012: Regas agreement with GAIL for Dehaj expansion.
  • 2013: Kochi terminal commissioned/ 1000th cargo in Dehaj terminal.
  • 2013: Shipping agreement with Prachi/ Regas agreement with GSPC and BPCL for Dehaj expansion.
  • 2014: EPC contract for Dehaj expansion/ Regas agreement with IOC for Dehaj expansion.
  • 2016: Dehaj terminal expanded to 15 MTPA.
  • 2017: Loaded 500th load at Qatar in a record time of 13 years.
  • 2019: Dehaj expansion from 15 to 17.5 MTPA.
  • 2020: Petronet LNG signs supplementary MoU with Tellurian.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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