Petronet LNG Ltd - Stock Valuation and Financial Performance

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

Petronet LNG Share Price

305.50 2.85 0.94%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Petronet LNG

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Petronet LNG stock performance -

mw4me loader
P/E Ratio (SA):
13.43
Market Cap:
45,825 Cr.
52-wk low:
191.7
52-wk high:
315.2

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 Strong which suggest that the price of Petronet LNG Ltd is likely to Rise 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11%12.6%11.5%17.7%19%19.1%28.7%26.5%28%24.9%-
Value Creation
Index
-0.2-0.1-0.20.60.70.71.61.41.51.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 37,74839,50127,13324,61630,59938,39535,45226,02343,16959,89952,809
Sales YoY Gr.-4.6%-31.3%-9.3%24.3%25.5%-7.7%-26.6%65.9%38.8%-
Adj EPS 4.75.65.710.512.813.519.319.122.522.422.8
YoY Gr.-18.4%0.9%86.2%21.9%5.3%43.2%-1.3%18.1%-0.5%-
BVPS (₹) 33.237.944.15464.867.17377.789.599.6115.2
Adj Net
Profit
7098408471,5781,9232,0252,9002,8613,3803,3643,413
Cash Flow from Ops. 9648303,3742,0682,9962,1412,8633,5593,4722,520-
Debt/CF from Ops. 3.43.20.81.10.50.30.20.10.10.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.3%14.4%19.1%38.8%
Adj EPS 18.9%11.8%5.1%-0.5%
BVPS13%9%10.9%11.2%
Share Price 15.8% 5% 10.8% 34.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1515.713.821.521.620.527.625.32723.721.2
Op. Profit
Mgn %
43.65.910.9118.81218.112.48.59.6
Net Profit
Mgn %
1.92.13.16.46.35.38.2117.85.66.5
Debt to
Equity
0.70.50.40.30.20.10000-
Working Cap
Days
3129456052353038373643
Cash Conv.
Cycle
71316864712111532

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.10%

Return on Equity has declined versus last 3 years average to 21.20%

Net Profit has been subdued in last 3 years 5.08%

Sales growth is not so good in last 4 quarters at -5.53%

Latest Financials - Petronet LNG Ltd.

Standalone Consolidated
TTM EPS (₹) 22.8 23.4
TTM Sales (₹ Cr.) 52,809 52,810
BVPS (₹.) 115.2 117.8
Reserves (₹ Cr.) 15,779 16,176
P/BV 2.65 2.59
PE 13.43 13.07
From the Market
52 Week Low / High (₹) 191.65 / 315.20
All Time Low / High (₹) 7.22 / 309.00
Market Cap (₹ Cr.) 45,825
Equity (₹ Cr.) 1,500
Face Value (₹) 10
Industry PE 21.3

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales37,74839,50127,13324,61630,59938,39535,45226,02343,16959,899
Operating Expenses 36,24938,06225,54722,02427,28635,10231,46321,32337,91655,044
Manufacturing Costs227250245248268290310283323298
Material Costs35,84937,61125,07621,41726,69034,41730,49620,70037,07753,952
Employee Cost 4657717491126126147177168
Other Costs 126145156285237269531193339626
Operating Profit 1,4981,4391,5862,5923,3123,2933,9894,7005,2524,856
Operating Profit Margin (%) 4.0%3.6%5.8%10.5%10.8%8.6%11.3%18.1%12.2%8.1%
Other Income 84155173347317450373388307574
Interest 22029323921016399403336317331
Depreciation 308315322369412411776784768764
Exceptional Items 000000-72000
Profit Before Tax 1,0559851,1992,3603,0553,2343,1113,9684,4744,335
Tax 3431022866559771,0784131,0181,1211,095
Profit After Tax 7128839131,7062,0782,1552,6982,9493,3523,240
PAT Margin (%) 1.9%2.2%3.4%6.9%6.8%5.6%7.6%11.3%7.8%5.4%
Adjusted EPS (₹)4.85.96.111.413.914.418.019.722.421.6
Dividend Payout Ratio (%)21%17%21%22%32%70%70%58%51%46%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4,9865,6896,6148,0949,72010,06610,95311,65013,42514,935
Share Capital 7507507507501,5001,5001,5001,5001,5001,500
Reserves 4,2364,9395,8647,3448,2208,5669,45310,15011,92513,435
Minority Interest0000000000
Debt2,8962,3742,2331,450733101642300
Long Term Debt2,6482,3742,2331,450733101642300
Short Term Debt249000000000
Trade Payables1,8873217729451,5701,2951,1661,0351,5261,644
Others Liabilities 2,1432,7404,6935,6915,4853,6226,5166,2256,1675,844
Total Liabilities 11,91311,12414,31216,17917,50915,08518,69918,93321,11922,423

Fixed Assets

Gross Block7,7958,7877,1329,1139,1209,16413,46113,36813,33813,331
Accumulated Depreciation1,5301,8443226901,0901,4992,2723,0433,7814,541
Net Fixed Assets6,2656,9436,8118,4238,0307,66511,18810,3259,5578,790
CWIP 8807471,550492203485251931,126
Investments 14090902,9354,1229893491,5501,0501,044
Inventories9568832465414915694813375771,153
Trade Receivables2,0161,3439891,2111,6011,3821,6031,8752,6843,840
Cash Equivalents 1,2333622,1833278632,9604,4324,3424,3205,680
Others Assets4247572,4432,6942,1821,1706424792,738789
Total Assets 11,91311,12414,31216,17917,50915,08518,69918,93321,11922,423

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 9648303,3742,0682,9962,1412,8633,5593,4722,520
PBT 1,0559851,1992,3603,0553,2343,1113,9684,4744,335
Adjustment 4544994404133431731,1067619271,018
Changes in Working Capital -353-4451934-327295-452-396-175-664-1594
Tax Paid -193-209-200-378-697-813-958-995-1,264-1,238
Cash Flow From Investing Activity -803-665-854-3,175-1,278-72941-927-1,063-1,137
Capex -876-828-972-546-175-163-41-73-72-1,058
Net Investments 0500-2,649-1,103-59729-1,146-1,200-374
Others 73113119200150252291209295
Cash Flow From Financing Activity -197-1,034-699-748-1,335-2,548-3,055-2,759-2,211-2,368
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -16-364-280-313-705-620-632-37-41-23
Interest Paid -182-246-239-210-178-119-426-336-9-25
Dividend Paid -194-145-150-188-451-1,808-1,808-2,245-1,575-1,725
Others 195-279-31-3800-188-141-586-595
Net Cash Flow -36-8701,821-1,856383-478749-127198-985
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.0916.5314.8523.1923.3321.7925.6726.126.7422.85
ROCE (%)16.1915.4116.3726.329.9630.3331.6636.8237.2732.24
Asset Turnover Ratio3.283.432.131.611.822.362.11.382.162.75
PAT to CFO Conversion(x)1.350.943.71.211.440.991.061.211.040.78
Working Capital Days
Receivable Days18161616171415241920
Inventory Days10886655645
Payable Days2111815171515191311

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 12-Apr-2024 16:59 is ₹305.5.
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 12-Apr-2024 16:59 the market cap of Petronet LNG stood at ₹45,825.
The latest P/E ratio of Petronet LNG as of 12-Apr-2024 16:59 is 13.43.
The latest P/B ratio of Petronet LNG as of 12-Apr-2024 16:59 is 2.65.
The 52-week high of Petronet LNG is ₹315.2 and the 52-week low is ₹191.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Petronet LNG is ₹52,809 ( 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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