Petronet LNG Ltd

Petronet LNG Ltd

₹ 299 1.30%
24 Apr 2:28 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 44,888 Cr.
  • Current Price 299
  • High / Low 319 / 192
  • Stock P/E 12.8
  • Book Value 110
  • Dividend Yield 2.34 %
  • ROCE 26.6 %
  • ROE 23.0 %
  • 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 51.3%

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

Consolidated Figures in Rs. Crores / View Standalone

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 12,533 14,747
5,993 6,484 7,546 9,516 10,865 9,992 13,200 14,813 14,101 12,931 10,475 11,318 13,042
Operating Profit 1,335 1,091 1,052 1,297 1,732 1,169 1,064 1,173 1,675 943 1,182 1,215 1,705
OPM % 18% 14% 12% 12% 14% 10% 7% 7% 11% 7% 10% 10% 12%
115 64 105 76 88 127 166 136 200 159 176 194 179
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 1,176 871 885 1,100 1,549 1,026 961 1,035 1,601 823 1,092 1,140 1,620
Tax % 25% 27% 24% 26% 25% 23% 25% 24% 25% 25% 25% 25% 25%
882 638 670 818 1,159 791 725 786 1,196 619 819 856 1,213
EPS in Rs 5.88 4.25 4.47 5.45 7.73 5.27 4.83 5.24 7.98 4.13 5.46 5.70 8.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
39,627 27,133 24,616 30,599 38,395 35,452 26,023 43,169 59,899 52,810
38,109 25,547 22,024 27,285 35,101 31,462 21,323 37,918 55,045 47,766
Operating Profit 1,518 1,586 2,592 3,314 3,294 3,990 4,700 5,250 4,854 5,044
OPM % 4% 6% 11% 11% 9% 11% 18% 12% 8% 10%
156 188 364 349 525 306 377 395 661 709
Interest 308 239 210 163 99 403 336 317 331 309
Depreciation 329 322 369 412 411 776 784 768 764 771
Profit before tax 1,037 1,214 2,378 3,088 3,309 3,116 3,958 4,559 4,420 4,673
Tax % 13% 24% 28% 32% 33% 13% 26% 25% 25%
905 928 1,723 2,110 2,231 2,703 2,939 3,438 3,326 3,507
EPS in Rs 6.03 6.19 11.49 14.07 14.87 18.02 19.59 22.92 22.17 23.38
Dividend Payout % 17% 20% 22% 32% 67% 69% 59% 50% 45%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 19%
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 6%
TTM: 0%
Stock Price CAGR
10 Years: 15%
5 Years: 4%
3 Years: 8%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 25%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,500 1,500 1,500 1,500 1,500 1,500 1,500
Reserves 4,972 5,912 7,428 8,311 8,731 9,621 10,307 12,168 13,765 14,985
2,812 2,615 2,218 1,453 733 3,690 3,653 3,438 3,345 3,187
2,830 3,198 3,517 4,480 4,285 4,056 3,630 4,258 4,164 4,684
Total Liabilities 11,364 12,475 13,914 15,745 15,249 18,867 19,090 21,365 22,774 24,356
7,217 6,811 8,423 8,030 7,665 11,188 10,313 9,557 8,790 8,516
CWIP 754 1,550 49 220 348 5 25 193 1,126 1,259
Investments 5 138 3,020 4,213 1,154 517 1,707 1,286 1,368 566
3,388 3,975 2,422 3,282 6,082 7,157 7,044 10,329 11,489 14,015
Total Assets 11,364 12,475 13,914 15,745 15,249 18,867 19,090 21,365 22,774 24,356

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
901 3,374 2,068 2,996 2,141 2,863 3,559 3,479 2,569
-717 -854 -3,175 -1,278 -72 941 -927 -1,063 -1,192
-1,058 -699 -748 -1,335 -2,548 -3,055 -2,759 -2,211 -2,368
Net Cash Flow -874 1,821 -1,856 383 -478 749 -127 205 -991

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 13 13 18 19 13 16 26 23 23
Inventory Days 9 4 9 7 6 6 6 6 8
Days Payable 3 11 16 21 14 14 18 15 11
Cash Conversion Cycle 18 6 11 4 5 8 14 13 20
Working Capital Days 8 -2 -5 -8 -3 3 9 9 16
ROCE % 15% 26% 30% 31% 28% 28% 30% 27%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
31.06% 32.13% 34.06% 33.60% 34.83% 34.83% 34.85% 34.81% 34.27% 33.31% 26.82% 26.22%
5.11% 4.65% 3.23% 3.38% 2.93% 4.05% 4.11% 4.55% 4.97% 5.93% 10.95% 11.37%
13.83% 13.22% 12.71% 13.02% 12.24% 11.11% 11.03% 10.66% 10.77% 10.76% 12.21% 12.41%
No. of Shareholders 4,35,4204,21,0454,19,1974,37,5364,12,0024,08,4004,03,6273,94,7603,89,1093,84,8454,33,6284,54,319

* 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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