Petronet LNG Ltd

Petronet LNG Ltd

₹ 291 3.28%
04 Mar 3:49 p.m.
About

Petronet LNG Ltd was formed to develop, design, construct, own and operate Liquefied Natural Gas (LNG) Import and regasification terminals in India.[1]

It was incorporated in 1998 as a Joint Venture among GAIL, Indian Oil, Bharat Petroleum & ONGC holding 12.5% each.[2]

Key Points

Major player in LNG supply
The company is in the business of transportation, storage and regasification of LNG. It owns and operates 2 regasification terminals at Dahej (Gujarat) and Kochi (Kerala) with a combined capacity of 22.5 MMTPA. It accounts for 33% of gas supplies in the country and handles ~75% of LNG imports in India. [1]

  • Market Cap 43,665 Cr.
  • Current Price 291
  • High / Low 296 / 192
  • Stock P/E 12.8
  • Book Value 107
  • Dividend Yield 2.37 %
  • ROCE 26.6 %
  • ROE 22.8 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.1%
  • Company has been maintaining a healthy dividend payout of 52.1%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Gas Distribution Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
7,328 7,575 8,598 10,813 12,597 11,160 14,264 15,986 15,776 13,874 11,656 12,532 14,747
5,993 6,484 7,544 9,516 10,865 9,991 13,199 14,813 14,101 12,931 10,474 11,317 13,041
Operating Profit 1,335 1,091 1,054 1,297 1,732 1,169 1,064 1,173 1,675 943 1,182 1,215 1,706
OPM % 18% 14% 12% 12% 14% 10% 7% 7% 11% 7% 10% 10% 12%
111 49 69 82 72 85 142 94 184 154 147 157 156
Interest 82 81 80 79 78 80 78 81 81 90 75 75 70
Depreciation 192 203 192 194 194 190 191 192 192 189 192 195 195
Profit before tax 1,172 856 851 1,105 1,533 984 937 994 1,586 818 1,062 1,102 1,597
Tax % 25% 27% 25% 26% 25% 24% 25% 25% 26% 25% 26% 26% 25%
878 623 636 823 1,144 750 701 744 1,181 614 790 818 1,191
EPS in Rs 5.86 4.16 4.24 5.49 7.62 5.00 4.67 4.96 7.87 4.09 5.27 5.45 7.94
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
22,696 31,467 37,748 39,501 27,133 24,616 30,599 38,395 35,452 26,023 43,169 59,899 52,809
20,866 29,531 36,249 38,062 25,547 22,024 27,285 35,101 31,462 21,323 37,915 55,043 47,764
Operating Profit 1,830 1,937 1,499 1,439 1,586 2,592 3,314 3,294 3,990 4,700 5,254 4,856 5,046
OPM % 8% 6% 4% 4% 6% 11% 11% 9% 11% 18% 12% 8% 10%
85 89 84 155 173 347 316 450 300 388 306 574 614
Interest 178 118 220 293 239 210 163 99 403 336 317 331 309
Depreciation 184 187 308 315 322 369 412 411 776 784 768 764 771
Profit before tax 1,553 1,720 1,055 985 1,199 2,360 3,055 3,234 3,111 3,968 4,474 4,335 4,579
Tax % 32% 33% 32% 10% 24% 28% 32% 33% 13% 26% 25% 25%
1,058 1,149 712 883 913 1,706 2,078 2,155 2,698 2,949 3,352 3,240 3,413
EPS in Rs 7.05 7.66 4.75 5.88 6.09 11.37 13.85 14.37 17.98 19.66 22.35 21.60 22.75
Dividend Payout % 18% 16% 21% 17% 21% 22% 32% 70% 70% 58% 51% 46%
Compounded Sales Growth
10 Years: 7%
5 Years: 14%
3 Years: 19%
TTM: -8%
Compounded Profit Growth
10 Years: 11%
5 Years: 9%
3 Years: 6%
TTM: 1%
Stock Price CAGR
10 Years: 16%
5 Years: 4%
3 Years: 4%
1 Year: 26%
Return on Equity
10 Years: 23%
5 Years: 25%
3 Years: 25%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 750 750 750 750 750 750 1,500 1,500 1,500 1,500 1,500 1,500 1,500
Reserves 2,770 3,700 4,236 4,939 5,864 7,344 8,220 8,566 9,453 10,150 11,925 13,435 14,588
3,276 3,034 3,267 2,654 2,615 2,218 1,453 733 3,690 3,653 3,438 3,345 3,187
2,415 3,599 3,660 2,781 3,198 3,517 4,480 4,285 4,056 3,630 4,258 4,164 4,684
Total Liabilities 9,211 11,083 11,913 11,124 12,426 13,829 15,654 15,085 18,699 18,933 21,122 22,444 23,959
2,521 2,358 6,265 6,943 6,811 8,423 8,030 7,665 11,188 10,313 9,557 8,790 8,516
CWIP 3,290 4,331 880 747 1,550 49 220 348 5 25 193 1,126 1,259
Investments 140 140 140 90 90 2,935 4,122 989 349 1,550 1,050 1,044 175
3,260 4,255 4,628 3,344 3,975 2,422 3,282 6,082 7,157 7,044 10,322 11,483 14,009
Total Assets 9,211 11,083 11,913 11,124 12,426 13,829 15,654 15,085 18,699 18,933 21,122 22,444 23,959

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,254 1,823 964 830 3,374 2,068 2,996 2,141 2,863 3,559 3,472 2,520
20 -769 -803 -665 -854 -3,175 -1,278 -72 941 -927 -1,063 -1,137
-448 -770 -197 -1,034 -699 -748 -1,335 -2,548 -3,055 -2,759 -2,211 -2,368
Net Cash Flow 826 285 -36 -870 1,821 -1,856 383 -478 749 -127 198 -985

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 21 20 19 12 13 18 19 13 16 26 23 23
Inventory Days 13 13 10 9 4 9 7 6 6 6 6 8
Days Payable 22 29 19 3 11 16 21 14 14 18 15 11
Cash Conversion Cycle 11 4 10 18 6 11 4 5 8 14 13 20
Working Capital Days -3 -8 -1 8 -2 -5 -8 -3 3 9 9 16
ROCE % 27% 26% 16% 15% 15% 26% 30% 30% 28% 29% 30% 27%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
30.50% 31.06% 32.13% 34.06% 33.60% 34.83% 34.83% 34.85% 34.81% 34.27% 33.31% 26.82%
6.32% 5.11% 4.65% 3.23% 3.38% 2.93% 4.05% 4.11% 4.55% 4.97% 5.93% 10.95%
13.18% 13.83% 13.22% 12.71% 13.02% 12.24% 11.11% 11.03% 10.66% 10.77% 10.76% 12.21%
No. of Shareholders 3,77,3454,35,4204,21,0454,19,1974,37,5364,12,0024,08,4004,03,6273,94,7603,89,1093,84,8454,33,628

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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