Petronet LNG Ltd - Stock Valuation and Financial Performance

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

Petronet LNG Share Price

357.70 -6.60 -1.81%
as on 04-Oct'24 16:01

DeciZen - make an informed investing decision on Petronet LNG

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Petronet LNG stock performance -

mw4me loader
P/E Ratio (SA):
13.79
Market Cap:
53,625 Cr.
52-wk low:
191.7
52-wk high:
384.9

Is Petronet LNG Ltd an attractive stock to invest in?

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 15.4%16.4%26.3%30%30.3%31.7%36.8%37.3%32.2%31%-
Value Creation
Index
0.10.21.31.71.71.82.32.31.91.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 39,50127,13324,61630,59938,39535,45226,02343,16959,89952,72854,488
Sales YoY Gr.--31.3%-9.3%24.3%25.5%-7.7%-26.6%65.9%38.8%-12%-
Adj EPS 5.65.710.512.813.519.319.122.522.423.525.9
YoY Gr.-0.9%86.2%21.9%5.3%43.2%-1.3%18.1%-0.5%4.9%-
BVPS (₹) 37.944.15464.867.17377.789.599.6113.1120.7
Adj Net
Profit
8408471,5781,9232,0252,9002,8613,3803,3643,5283,888
Cash Flow from Ops. 8303,3742,0682,9962,1412,8633,5593,4722,5194,873-
Debt/CF from Ops. 3.20.81.10.50.30.20.10.10.10.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.3%6.6%26.5%-12%
Adj EPS 17.3%11.7%7.2%4.9%
BVPS12.9%11%13.4%13.6%
Share Price 14.1% 6.9% 15.8% 55.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
15.713.821.521.620.527.625.32723.722.122.2
Op. Profit
Mgn %
3.65.910.9118.81218.112.48.51010.3
Net Profit
Mgn %
2.13.16.46.35.38.2117.85.66.77.1
Debt to
Equity
0.50.40.30.20.100000-
Working Cap
Days
2945605235303837487945
Cash Conv.
Cycle
131686471211151832

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 26.54%

Return on Equity has declined versus last 3 years average to 22.20%

Net Profit has been subdued in last 3 years 7.22%

Sales growth is not so good in last 4 quarters at -3.41%

Latest Financials - Petronet LNG Ltd.

Standalone Consolidated
TTM EPS (₹) 25.9 26.3
TTM Sales (₹ Cr.) 54,488 54,488
BVPS (₹.) 120.7 123.4
Reserves (₹ Cr.) 16,604 17,011
P/BV 2.96 2.90
PE 13.79 13.62
From the Market
52 Week Low / High (₹) 191.65 / 384.90
All Time Low / High (₹) 7.22 / 384.90
Market Cap (₹ Cr.) 53,625
Equity (₹ Cr.) 1,500
Face Value (₹) 10
Industry PE 19.2

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales39,50127,13324,61630,59938,39535,45226,02343,16959,89952,728
Operating Expenses 38,06225,54722,02427,28635,10231,46321,32337,91655,04447,522
Manufacturing Costs250245248268290310283323298325
Material Costs37,61125,07621,41726,69034,41730,49620,70037,07753,95246,464
Employee Cost 57717491126126147177168192
Other Costs 145156285237269531193339626541
Operating Profit 1,4391,5862,5923,3123,2933,9894,7005,2524,8565,207
Operating Profit Margin (%) 3.6%5.8%10.5%10.8%8.6%11.3%18.1%12.2%8.1%9.9%
Other Income 155173347317450373388307574617
Interest 29323921016399403336317331290
Depreciation 315322369412411776784768764777
Exceptional Items 00000-720000
Profit Before Tax 9851,1992,3603,0553,2343,1113,9684,4744,3354,757
Tax 1022866559771,0784131,0181,1211,0951,221
Profit After Tax 8839131,7062,0782,1552,6982,9493,3523,2403,536
PAT Margin (%) 2.2%3.4%6.9%6.8%5.6%7.6%11.3%7.8%5.4%6.7%
Adjusted EPS (₹)5.96.111.413.914.418.019.722.421.623.6
Dividend Payout Ratio (%)17%21%22%32%70%70%58%51%46%42%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 5,6896,6148,0949,72010,06610,95311,65013,42514,93516,963
Share Capital 7507507501,5001,5001,5001,5001,5001,5001,500
Reserves 4,9395,8647,3448,2208,5669,45310,15011,92513,43515,463
Minority Interest0000000000
Debt2,3742,2331,4507331016423000
Long Term Debt2,3742,2331,4507331016423000
Short Term Debt0000000000
Trade Payables3217729451,5701,2951,1661,0351,5261,6902,865
Others Liabilities 2,7404,6935,6915,4853,6226,5166,2256,1679,84510,554
Total Liabilities 11,12414,31216,17917,50915,08518,69918,93321,11926,47030,381

Fixed Assets

Gross Block8,7877,1329,1139,1209,16413,46113,36813,33813,33113,448
Accumulated Depreciation1,8443226901,0901,4992,2723,0433,7814,5415,301
Net Fixed Assets6,9436,8118,4238,0307,66511,18810,3259,5578,7908,147
CWIP 7471,550492203485251931,1261,552
Investments 90902,9354,1229893491,5501,0501,044175
Inventories8832465414915694813375771,1531,465
Trade Receivables1,3439891,2111,6011,3821,6031,8752,6843,8443,626
Cash Equivalents 3622,1833278632,9604,4324,3424,3205,6807,410
Others Assets7572,4432,6942,1821,1706424792,7384,8328,006
Total Assets 11,12414,31216,17917,50915,08518,69918,93321,11926,47030,381

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 8303,3742,0682,9962,1412,8633,5593,4722,5194,873
PBT 9851,1992,3603,0553,2343,1113,9684,4744,3354,757
Adjustment 4994404133431731,1067619271,018762
Changes in Working Capital -4451934-327295-452-396-175-664-1594591
Tax Paid -209-200-378-697-813-958-995-1,264-1,239-1,237
Cash Flow From Investing Activity -665-854-3,175-1,278-72941-927-1,063-1,136-1,062
Capex -828-972-546-175-163-41-73-72-1,058-841
Net Investments 500-2,649-1,103-59729-1,146-1,200-374-731
Others 113119200150252291209295511
Cash Flow From Financing Activity -1,034-699-748-1,335-2,548-3,055-2,759-2,211-2,368-2,154
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -364-280-313-705-620-632-37-41-230
Interest Paid -246-239-210-178-119-426-336-9-25-12
Dividend Paid -145-150-188-451-1,808-1,808-2,245-1,575-1,725-1,500
Others -279-31-3800-188-141-586-595-643
Net Cash Flow -8701,821-1,856383-478749-127198-9851,657
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)16.5314.8523.1923.3321.7925.6726.126.7422.8522.17
ROCE (%)15.4116.3726.329.9630.3331.6636.8237.2732.2430.98
Asset Turnover Ratio3.432.131.611.822.362.11.382.162.521.86
PAT to CFO Conversion(x)0.943.71.211.440.991.061.211.040.781.38
Working Capital Days
Receivable Days16161617141524192026
Inventory Days8866556459
Payable Days1181517151519131118

Petronet LNG Ltd Stock News

Petronet LNG Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Petronet LNG on 04-Oct-2024 16:01 is ₹357.7.
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 04-Oct-2024 16:01 the market cap of Petronet LNG stood at ₹53,625.
The latest P/E ratio of Petronet LNG as of 04-Oct-2024 16:01 is 13.79.
The latest P/B ratio of Petronet LNG as of 04-Oct-2024 16:01 is 2.96.
The 52-week high of Petronet LNG is ₹384.9 and the 52-week low is ₹191.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Petronet LNG is ₹54,488 ( 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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