Petronet LNG Ltd

Petronet LNG is primarily to develop, design, construct, own and operate a Liquefied Natural Gas (LNG) import and regasification terminals in India.(Source : 201903 Annual Report Page No: 119)

Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is providing a good dividend yield of 3.80%.
Company has good consistent profit growth of 25.06% over 5 years
Company has been maintaining a healthy dividend payout of 41.35%
Cons:
The company has delivered a poor growth of 0.34% over past five years.

Peer Comparison Sector: Gas Distribution // Industry: Miscellaneous

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
6,614 6,299 6,365 6,435 7,770 7,757 8,636 9,169 10,745 10,098 8,383 8,613
5,888 5,692 5,749 5,691 6,872 6,910 7,814 8,235 9,862 9,250 7,756 7,590
Operating Profit 726 607 616 744 899 847 822 934 884 848 627 1,024
OPM % 11% 10% 10% 12% 12% 11% 10% 10% 8% 8% 7% 12%
Other Income 91 55 151 71 102 41 103 99 111 88 151 104
Interest 55 52 47 46 46 37 33 30 25 22 23 101
Depreciation 86 101 102 103 104 104 101 102 104 104 102 190
Profit before tax 677 510 619 666 850 748 791 901 867 811 655 838
Tax % 32% 22% 24% 34% 31% 29% 34% 35% 35% 30% 33% 33%
Net Profit 460 397 471 438 589 529 523 587 563 565 440 560
EPS in Rs 3.06 2.65 3.14 1.46 3.93 3.53 3.48 3.91 3.75 3.77 2.93 3.74
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
6,555 8,429 10,649 13,197 22,696 31,467 37,748 39,501 27,133 24,616 30,599 38,395 37,840
5,689 7,527 9,802 11,981 20,866 29,531 36,249 38,062 25,547 22,024 27,285 35,101 34,457
Operating Profit 866 902 847 1,216 1,829 1,937 1,498 1,439 1,586 2,592 3,314 3,294 3,383
OPM % 13% 11% 8% 9% 8% 6% 4% 4% 6% 11% 11% 9% 9%
Other Income 54 76 98 68 85 89 84 155 173 347 316 450 456
Interest 102 102 184 193 178 118 220 293 239 210 163 99 169
Depreciation 102 103 161 185 184 187 308 315 322 369 412 411 499
Profit before tax 715 774 599 906 1,553 1,720 1,055 985 1,199 2,360 3,055 3,234 3,170
Tax % 34% 33% 33% 32% 32% 33% 32% 10% 24% 28% 32% 33%
Net Profit 475 518 404 620 1,058 1,149 712 883 913 1,706 2,078 2,155 2,129
EPS in Rs 3.04 3.31 2.55 3.97 6.85 7.45 4.58 5.69 5.89 11.37 13.85 14.37 14.19
Dividend Payout % 24% 25% 32% 24% 18% 16% 21% 17% 21% 22% 32% 70%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:16.37%
5 Years:0.34%
3 Years:12.27%
TTM:13.52%
Compounded Profit Growth
10 Years:15.37%
5 Years:25.06%
3 Years:36.83%
TTM:-4.42%
Return on Equity
10 Years:21.41%
5 Years:20.26%
3 Years:22.71%
Last Year:21.79%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
750 750 750 750 750 750 750 750 750 750 1,500 1,500
Reserves 869 1,233 1,485 1,930 2,770 3,700 4,236 4,939 5,864 7,344 8,220 8,566
Borrowings 1,578 2,282 2,500 3,216 3,276 3,034 3,267 2,654 2,615 2,218 1,453 733
832 1,165 1,228 1,566 2,417 3,600 3,661 2,787 3,572 3,910 4,779 4,304
Total Liabilities 4,028 5,430 5,962 7,463 9,213 11,084 11,914 11,130 12,800 14,222 15,953 15,104
1,568 1,469 2,883 2,702 2,521 2,358 6,265 6,943 6,811 8,423 8,030 7,665
CWIP 1,061 1,847 1,318 2,012 3,290 4,331 880 747 1,550 49 220 348
Investments 547 304 539 1,165 140 140 140 90 90 2,935 4,122 989
851 1,810 1,222 1,583 3,261 4,256 4,629 3,350 4,349 2,815 3,580 6,101
Total Assets 4,028 5,430 5,962 7,463 9,213 11,084 11,914 11,130 12,800 14,222 15,953 15,104

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
851 284 1,028 844 1,254 1,823 964 830 3,374 2,068 2,996 2,146
-823 -470 -1,236 -1,316 20 -769 -803 -665 -854 -3,175 -1,278 -76
-10 485 -109 289 -448 -770 -197 -1,034 -699 -748 -1,335 -2,548
Net Cash Flow 18 299 -317 -183 826 285 -36 -870 1,821 -1,856 383 -478

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 28% 23% 17% 21% 27% 26% 16% 15% 15% 26% 30% 30%
Debtor Days 19 29 17 23 21 20 19 12 13 18 19 13
Inventory Turnover 43.57 35.38 35.04 56.13 47.27 35.98 37.89 42.98 48.08 62.59 59.32 72.41