Is Petronet LNG a good quality company?

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

Is Petronet LNG 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 .

What is Petronet LNG share price return in the past 10 years?

Petronet LNG Ltd share price has appreciated 13% annually (CAGR) over the past ten years.

Is Petronet LNG a good buy now?

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

Petronet LNG Ltd - Stock Valuation and Financial Performance

Name: Petronet LNG
Brand: Petronet LNG

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

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Petronet LNG Share Price

₹321.95 8.25 2.63%
as on 21-Nov'24 16:00

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	15.4%	16.4%	26.3%	30%	30.3%	31.7%	36.8%	37.3%	32.2%	31%	-
Value Creation Index ⓘ	0.1	0.2	1.3	1.7	1.7	1.8	2.3	2.3	1.9	1.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	39,501	27,133	24,616	30,599	38,395	35,452	26,023	43,169	59,899	52,728	54,977
Sales YoY Gr.	-	-31.3%	-9.3%	24.3%	25.5%	-7.7%	-26.6%	65.9%	38.8%	-12%	-
Adj EPS ⓘ	5.6	5.7	10.5	12.8	13.5	19.3	19.1	22.5	22.4	23.5	26.1
YoY Gr.	-	0.9%	86.2%	21.9%	5.3%	43.2%	-1.3%	18.1%	-0.5%	4.9%	-
BVPS (₹) ⓘ	37.9	44.1	54	64.8	67.1	73	77.7	89.5	99.6	113.1	123.3
Adj Net Profit ⓘ	840	847	1,578	1,923	2,025	2,900	2,861	3,380	3,364	3,528	3,918
Cash Flow from Ops. ⓘ	830	3,374	2,068	2,996	2,141	2,863	3,559	3,472	2,519	4,873	-
Debt/CF from Ops. ⓘ	3.2	0.8	1.1	0.5	0.3	0.2	0.1	0.1	0.1	0.1	-

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%
BVPSⓘ	12.9%	11%	13.4%	13.6%
Share Price	13%	3.4%	12.6%	65.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	15.7	13.8	21.5	21.6	20.5	27.6	25.3	27	23.7	22.1	22.1
Op. Profit Mgn % ⓘ	3.6	5.9	10.9	11	8.8	12	18.1	12.4	8.5	10	10.1
Net Profit Mgn % ⓘ	2.1	3.1	6.4	6.3	5.3	8.2	11	7.8	5.6	6.7	7.1
Debt to Equity ⓘ	0.5	0.4	0.3	0.2	0.1	0	0	0	0	0	0
Working Cap Days ⓘ	29	45	60	52	35	30	38	37	48	79	46
Cash Conv. Cycle ⓘ	13	16	8	6	4	7	12	11	15	18	33

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 22.10%

Net Profit has been subdued in last 3 years 7.22%

Sales growth is not so good in last 4 quarters at 2.98%

Latest Financials - Petronet LNG Ltd.

	Standalone	Consolidated
TTM EPS (₹)	26.1	26.4
TTM Sales (₹ Cr.)	54,977	54,980
BVPS (₹.) ⓘ	123.3	126.2
Reserves (₹ Cr.) ⓘ	16,995	17,429
P/BV ⓘ	2.54	2.49
PE ⓘ	12.01	11.90

From the Market
52 Week Low / High (₹)	194.35 / 384.90
All Time Low / High (₹)	7.22 / 384.90
Market Cap (₹ Cr.)	47,055
Equity (₹ Cr.)	1,500
Face Value (₹)	10
Industry PE ⓘ	15.7

Management X-Ray of Petronet LNG:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Petronet LNG

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Petronet LNG

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	39,501	27,133	24,616	30,599	38,395	35,452	26,023	43,169	59,899	52,728
Operating Expenses ⓘ	38,062	25,547	22,024	27,286	35,102	31,463	21,323	37,916	55,044	47,522
Manufacturing Costs	250	245	248	268	290	310	283	323	298	325
Material Costs	37,611	25,076	21,417	26,690	34,417	30,496	20,700	37,077	53,952	46,464
Employee Cost	57	71	74	91	126	126	147	177	168	192
Other Costs ⓘ	145	156	285	237	269	531	193	339	626	541
Operating Profit ⓘ	1,439	1,586	2,592	3,312	3,293	3,989	4,700	5,252	4,856	5,207
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 ⓘ	155	173	347	317	450	373	388	307	574	617
Interest ⓘ	293	239	210	163	99	403	336	317	331	290
Depreciation ⓘ	315	322	369	412	411	776	784	768	764	777
Exceptional Items ⓘ	0	0	0	0	0	-72	0	0	0	0
Profit Before Tax ⓘ	985	1,199	2,360	3,055	3,234	3,111	3,968	4,474	4,335	4,757
Tax ⓘ	102	286	655	977	1,078	413	1,018	1,121	1,095	1,221
Profit After Tax	883	913	1,706	2,078	2,155	2,698	2,949	3,352	3,240	3,536
PAT Margin (%)	2.2%	3.4%	6.9%	6.8%	5.6%	7.6%	11.3%	7.8%	5.4%	6.7%
Adjusted EPS (₹)	5.9	6.1	11.4	13.9	14.4	18.0	19.7	22.4	21.6	23.6
Dividend Payout Ratio (%)	17%	21%	22%	32%	70%	70%	58%	51%	46%	42%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	5,689	6,614	8,094	9,720	10,066	10,953	11,650	13,425	14,935	16,963
Share Capital ⓘ	750	750	750	1,500	1,500	1,500	1,500	1,500	1,500	1,500
Reserves ⓘ	4,939	5,864	7,344	8,220	8,566	9,453	10,150	11,925	13,435	15,463
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	2,374	2,233	1,450	733	101	64	23	0	0	0
Long Term Debt	2,374	2,233	1,450	733	101	64	23	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	321	772	945	1,570	1,295	1,166	1,035	1,526	1,690	2,865
Others Liabilities ⓘ	2,740	4,693	5,691	5,485	3,622	6,516	6,225	6,167	9,845	10,554
Total Liabilities ⓘ	11,124	14,312	16,179	17,509	15,085	18,699	18,933	21,119	26,470	30,381
Fixed Assets
Gross Block	8,787	7,132	9,113	9,120	9,164	13,461	13,368	13,338	13,331	13,448
Accumulated Depreciation	1,844	322	690	1,090	1,499	2,272	3,043	3,781	4,541	5,301
Net Fixed Assetsⓘ	6,943	6,811	8,423	8,030	7,665	11,188	10,325	9,557	8,790	8,147
CWIP ⓘ	747	1,550	49	220	348	5	25	193	1,126	1,552
Investmentsⓘ	90	90	2,935	4,122	989	349	1,550	1,050	1,044	175
Inventories	883	246	541	491	569	481	337	577	1,153	1,465
Trade Receivables	1,343	989	1,211	1,601	1,382	1,603	1,875	2,684	3,844	3,626
Cash Equivalents	362	2,183	327	863	2,960	4,432	4,342	4,320	5,680	7,410
Others Assetsⓘ	757	2,443	2,694	2,182	1,170	642	479	2,738	4,832	8,006
Total Assets ⓘ	11,124	14,312	16,179	17,509	15,085	18,699	18,933	21,119	26,470	30,381

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	830	3,374	2,068	2,996	2,141	2,863	3,559	3,472	2,519	4,873
PBT ⓘ	985	1,199	2,360	3,055	3,234	3,111	3,968	4,474	4,335	4,757
Adjustment ⓘ	499	440	413	343	173	1,106	761	927	1,018	762
Changes in Working Capital ⓘ	-445	1934	-327	295	-452	-396	-175	-664	-1594	591
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	-72	941	-927	-1,063	-1,136	-1,062
Capex	-828	-972	-546	-175	-163	-41	-73	-72	-1,058	-841
Net Investments	50	0	-2,649	-1,103	-59	729	-1,146	-1,200	-374	-731
Others ⓘ	113	119	20	0	150	252	291	209	295	511
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 ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-364	-280	-313	-705	-620	-632	-37	-41	-23	0
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	-38	0	0	-188	-141	-586	-595	-643
Net Cash Flow ⓘ	-870	1,821	-1,856	383	-478	749	-127	198	-985	1,657

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	16.53	14.85	23.19	23.33	21.79	25.67	26.1	26.74	22.85	22.17
ROCE (%)	15.41	16.37	26.3	29.96	30.33	31.66	36.82	37.27	32.24	30.98
Asset Turnover Ratio	3.43	2.13	1.61	1.82	2.36	2.1	1.38	2.16	2.52	1.86
PAT to CFO Conversion(x)	0.94	3.7	1.21	1.44	0.99	1.06	1.21	1.04	0.78	1.38
Working Capital Days
Receivable Days	16	16	16	17	14	15	24	19	20	26
Inventory Days	8	8	6	6	5	5	6	4	5	9
Payable Days	11	8	15	17	15	15	19	13	11	18

Petronet LNG Ltd Stock News

Petronet LNG Ltd FAQs

What is the share price of Petronet LNG?

Company share prices are keep on changing according to the market conditions. The closing price of Petronet LNG on 21-Nov-2024 16:00 is ₹321.9.

What is the market cap of Petronet LNG?

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 21-Nov-2024 16:00 the market cap of Petronet LNG stood at ₹47,055.

What is the P/E ratio of Petronet LNG?

The latest P/E ratio of Petronet LNG as of 21-Nov-2024 16:00 is 12.01.

What is the P/B ratio of Petronet LNG?

The latest P/B ratio of Petronet LNG as of 21-Nov-2024 16:00 is 2.54.

What is the 52-week high and low of Petronet LNG?

The 52-week high of Petronet LNG is ₹384.9 and the 52-week low is ₹194.3.

What is the TTM revenue of Petronet LNG?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Petronet LNG is ₹54,977 ( 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.