Petronet LNG Ltd Stock Analysis

BSE: 532522 | NSE: PETRONET | Industrial Gases & Fuels | Mid Cap

BSE Share Price 31-Mar-2023 18:02
228.80 4.30 (1.92%)

DeciZen - Make an Informed Decision on Petronet LNG

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Petronet LNG Price Chart

P/E Ratio ( SA) :
10.17
Market Cap :
34,320 Cr.
52-wk low :
192.4
52-wk high :
239.8
Bole Toh?

1. Is Petronet LNG Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Petronet LNG Ltd is a good quality company.

2. Is Petronet LNG Ltd undervalued or overvalued?

The key valuation ratios of Petronet LNG Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Petronet LNG Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Petronet LNG Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Petronet LNG:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 17.2%11%12.6%11.5%17.7%19%19.1%29.1%27.2%28.6%-
Value Creation Index 0.3-0.2-0.1-0.20.60.70.71.61.41.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 31,46737,74839,50127,13324,61630,59938,39535,45226,02343,16957,186
YoY Gr. Rt. %-20%4.6%-31.3%-9.3%24.3%25.5%-7.7%-26.6%65.9%-
Adj EPS 7.74.75.65.710.512.813.519.319.122.522.5
YoY Gr. Rt. %--38.2%18.4%0.9%86.2%21.9%5.3%43.2%-1.3%18.1%-
BVPS (₹) 29.733.237.944.15464.867.17377.789.5102.5
Adj Net Profit 1,1487098408471,5781,9232,0252,9002,8613,3803,377
Cash Flow from Ops. 1,8239648303,3742,0682,9962,1412,8633,5593,472-
Debt/CF from Ops. 1.73.43.20.81.10.50.3000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.6%11.9%4%65.9%
Adj EPS 12.8%16.5%18.6%18.1%
BVPS 13.110.710.115.3
Share Price 12.7% -0.2% 4.5% 15.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 28.81515.713.821.521.620.527.625.32723.5
Op. Profit Mgn % 6.243.65.910.9118.81218.112.48.9
Net Profit Mgn % 3.71.92.13.16.46.35.38.2117.85.9
Debt to Equity 0.70.70.50.40.30.20.1000-
Working Cap Days 363129456052353038370
Cash Conv. Cycle 571316864712110

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 18.63%

Sales growth is good in last 4 quarters at 46.58%

Return on Equity has declined versus last 3 years average to 23.40%

Sales growth has been subdued in last 3 years 3.98%

Latest Financials - Petronet LNG Ltd.

Standalone Consolidated
TTM EPS (₹) 22.5 23.3
TTM Sales (₹ Cr.) 57,186 57,186
BVPS (₹.) 102.5 104.5
Reserves (₹ Cr.) 13,875 14,178
P/BV 2.23 2.19
PE 10.17 9.80
From the Market
52 Week Low / High (₹) 192.35 / 239.80
All Time Low / High (₹) 7.22 / 302.00
Market Cap (₹ Cr.) 34,320
Equity (₹ Cr.) 1,500
Face Value (₹) 10
Industry PE 13.3

Management X-Ray of Petronet LNG :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Petronet LNG

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Petronet LNG Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Petronet LNG on 31-Mar-2023 18:02 is : 228.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Mar-2023 18:02 the market cap of Petronet LNG stood at ₹ 34,320.
The latest PE ratio of Petronet LNG as of 31-Mar-2023 18:02 is 10.17.
The latest PB ratio of Petronet LNG as of 31-Mar-2023 18:02 is 2.23
The 52-week high of Petronet LNG is ₹ 239.8 and the 52-week low is ₹ 192.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Petronet LNG is ₹ 57,186 ( Cr.) .

About Petronet LNG Ltd

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.
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