Petronet LNG Ltd logo

Petronet LNG Ltd

PETRONET NSE

Key Fundamentals

MidcapGas SupplierOil & Gas
Market Cap
₹42,503 Cr
Volatility
Moderate
P/E Ratio
10.18
EBITDA
₹5,335 Cr
Return on Equity
19.54%
Debt to Equity
0.11
Book Value
₹148.57
EPS
₹26.26
52W High
₹326.4
52W Low
₹235.35

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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35 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 30.1%

Weaknesses

1
  • The company has delivered a poor sales growth of 10.8% over past five years.

Growth Rate

Revenue Growth
-15.96% ↗
Net Income Growth
-1.16% ↗
Cash Flow Change
-9.71% ↘
ROE
-3.55% ↗
ROCE
0.21% ↗
EBITDA Margin (Avg.)
-1.15% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Petronet LNG Ltd is India's largest LNG importer with a market cap of ₹41,693 crore, trading at a PE of 10.7x with a dividend yield of 3.57%. The company posted record PBT of ₹5,275 crore in FY25 (up 11% YoY) and achieved its highest-ever LNG throughput of 934 TBTU, though consolidated revenue declined 3.3% YoY to ₹50,982 crore due to lower LNG prices.

Bull Case 8
  • Record profitability in FY25 with PAT of ₹3,926 crore (up 11% YoY) and highest-ever PBT of ₹5,275 crore, crossing ₹5,000 crore for the first time
  • Attractive valuation at PE of 10.7x compared to broader market multiples, suggesting limited downside from current levels
  • Dahej terminal capacity expansion from 17.5 MMTPA to 22.5 MMTPA (29% increase) commissioned in March 2026, providing significant volume growth runway
  • Healthy dividend yield of 3.57% with consistent payout ratio of 30.1%, providing income support to shareholders
  • Highest-ever LNG throughput of 934 TBTU in FY25 (up from 919 TBTU in FY24), demonstrating strong demand for regasification services
  • Strong historical return on equity averaging 20-23% over 3-10 year periods, indicating efficient capital deployment
  • Compounded profit growth of 16% over 10 years and 13% TTM, showing earnings resilience despite revenue volatility
  • 50% promoter holding by public sector entities (GAIL, ONGC, IOC, BPCL) provides strategic backing and long-term contract visibility
Bear Case 8
  • Consolidated revenue declined 3.3% YoY to ₹50,982 crore in FY25 from ₹52,729 crore, and TTM sales growth is negative at -25%
  • Poor compounded sales growth of -10% over 3 years and only 11% over 5 years, reflecting vulnerability to LNG price cycles
  • Stock CAGR of only 5-8% over 3-10 year periods significantly underperforms broader Indian equity indices
  • ROE has declined from 23% (10-year average) to 19% in the last year, indicating potential margin or efficiency compression
  • Business is essentially a tolling model with limited pricing power, as revenues are heavily influenced by global LNG spot and contract prices
  • Kochi terminal (5 MMTPA capacity) remains underutilized due to incomplete pipeline connectivity, representing stranded capital
  • Concentration risk as a single-commodity infrastructure play exposed to India's energy transition policies favoring renewables over fossil fuels
  • Capital expenditure on Dahej expansion will pressure free cash flows in the near term before incremental volumes fully ramp up

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 17h ago
Headwinds 3
  • Q1 profit drops 15% QoQ Aug 12

    Net profit fell to ₹11.32B from ₹13.38B in the previous quarter, while revenue dropped sharply to ₹55.54B from ₹94.42B QoQ.

  • QatarEnergy force majeure risk Jul 24

    Reports suggest QatarEnergy may extend its force majeure declaration, posing potential implications for Petronet's contracted LNG supply volumes.

  • Exchange non-compliance notice Jul 28

    Board reviewed a non-compliance notice from BSE and NSE regarding SEBI Listing Regulations; company submitted its comments on July 28, 2026.

Positives 3
  • EBITDA margin expands to 27.6% Aug 12

    EBITDA margin widened significantly to 27.58% from 19.7% QoQ, reflecting better operational leverage despite lower revenue.

  • Regasification capacity expansion plans Jul 24

    Company outlined steps to increase regasification capacity, signaling long-term infrastructure growth and proactive investor communication.

  • Active investor engagement Aug 11

    Petronet scheduled participation in at least 5 analyst/investor conferences between Aug 13-Sep 25, including Motilal Oswal, Equirus, Emkay, Ambit (Singapore), and UBS (Kochi).

Neutral 2
  • Q1 FY27 earnings call Aug 13 Aug 10

    Post-results conference call scheduled for August 13, 2026 at 05:30 PM IST to discuss quarter ended June 30, 2026.

  • UBS conference in Kochi Sep 23-25 Aug 4

    Petronet will participate in Samvaayah 2.0 investor conference organized by UBS Securities in Kochi from Sep 23-25, 2026.

TL;DR: Petronet LNG faces a mixed quarter with a notable 15% QoQ profit decline driven by sharply lower revenues, but underlying operational efficiency improved markedly with EBITDA margins expanding from 19.7% to 27.6%. Key risks include potential LNG supply disruptions from QatarEnergy's extended force majeure and a regulatory non-compliance issue. The company is proactively engaging investors and planning regasification capacity expansion, suggesting management confidence in long-term demand growth despite near-term supply uncertainties.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
11,656
12,533
14,747
13,793
13,415
13,024
12,227
12,316
11,880
11,009
11,164
9,442
5,558
Expenses
10,475
11,318
13,042
12,690
11,853
11,822
10,980
10,803
10,721
9,892
9,966
7,581
4,023
Operating Profit
1,182
1,215
1,705
1,104
1,562
1,202
1,247
1,512
1,159
1,117
1,198
1,861
1,535
OPM %
10%
10%
12%
8%
12%
9%
10%
12%
10%
10%
11%
20%
28%
Other Income
145
194
157
154
178
202
196
197
217
234
214
200
208
Interest
75
75
70
71
67
65
65
61
59
61
56
62
51
Depreciation
192
195
195
194
195
196
210
206
207
211
215
205
201
PBT
1,060
1,140
1,597
992
1,479
1,142
1,169
1,443
1,110
1,079
1,141
1,794
1,491
Tax %
26%
25%
25%
26%
26%
26%
26%
26%
26%
26%
26%
25%
26%
Net Profit
819
856
1,213
764
1,105
871
902
1,095
842
830
870
1,371
1,137
EPS in Rs
5.46
5.7
8.09
5.1
7.37
5.8
6.01
7.3
5.61
5.54
5.8
9.14
7.58
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
39,627
27,133
24,616
30,599
38,395
35,452
26,023
43,169
59,899
52,729
50,982
43,495
37,173
Expenses
38,109
25,547
22,024
27,285
35,101
31,462
21,323
37,918
55,045
47,520
45,457
38,160
31,462
Operating Profit
1,518
1,586
2,592
3,314
3,294
3,990
4,700
5,250
4,854
5,209
5,525
5,335
5,711
OPM %
3.8%
6%
11%
11%
9%
11%
18%
12%
8%
10%
11%
12%
15%
Other Income
156
188
364
349
525
306
377
395
523
605
772
864
855
Interest
308
239
210
163
99
403
336
317
331
290
258
237
229
Depreciation
329
322
369
412
411
776
784
768
764
777
806
838
832
PBT
1,037
1,214
2,378
3,088
3,309
3,116
3,958
4,559
4,282
4,748
5,233
5,124
5,505
Tax %
13%
24%
28%
32%
33%
13%
26%
25%
26%
26%
26%
26%
—
Net Profit
905
928
1,723
2,110
2,231
2,703
2,939
3,438
3,326
3,652
3,973
3,913
4,208
EPS in Rs
6.03
6.19
11.49
14.07
14.87
18.02
19.59
22.92
22.17
24.35
26.48
26.08
28.06
Div. Payout %
17%
20%
22%
32%
67%
69%
59%
50%
45%
41%
38%
12%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
750
750
750
1,500
1,500
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
15,910
18,378
20,785
Borrowings
2,812
2,615
2,218
1,453
733
3,690
3,653
3,438
3,345
3,008
2,657
2,341
Other Liabilities
2,830
3,198
3,517
4,480
4,285
4,056
3,630
4,258
4,210
5,131
4,790
2,814
Total Liabilities
11,364
12,475
13,914
15,745
15,249
18,867
19,090
21,365
22,820
25,549
27,324
27,440
Fixed Assets
7,217
6,811
8,423
8,030
7,665
11,188
10,313
9,557
8,790
8,147
8,836
9,048
CWIP
754
1,550
49
220
348
5
25
193
1,126
1,552
1,642
2,497
Investments
5
138
3,020
4,213
1,154
517
1,707
1,286
1,368
617
1,712
742
Other Assets
3,388
3,975
2,422
3,282
6,082
7,157
7,044
10,329
11,535
15,233
15,135
15,152
Total Assets
11,364
12,475
13,914
15,745
15,249
18,867
19,090
21,365
22,820
25,549
27,324
27,440
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
901
3,374
2,068
2,996
2,141
2,863
3,559
3,479
2,519
4,871
4,398
4,750
Investing
-717
-854
-3,175
-1,278
-72
941
-927
-1,063
-1,142
-1,056
-3,189
-1,472
Financing
-1,058
-699
-748
-1,335
-2,548
-3,055
-2,759
-2,211
-2,368
-2,154
-2,152
-2,200
Net Cash Flow
-874
1,821
-1,856
383
-478
749
-127
205
-991
1,661
-942
1,078
Free Cash Flow
849
2,403
1,522
2,820
1,979
2,822
3,486
3,406
1,461
4,030
2,941
2,231
CFO/OP
74
225
94
111
90
96
97
90
77
117
104
112
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
13
13
18
19
13
16
26
23
23
25
23
9
Inventory Days
9
4
9
7
6
6
6
6
8
12
10
9
Days Payable
3
11
16
21
14
14
18
15
11
23
21
7
Cash Conversion Cycle
18
6
11
4
5
8
14
13
20
14
12
10
Working Capital Days
8
-2
-5
-8
-3
3
5
7
15
9
7
2
ROCE %
—
15%
26%
30%
31%
28%
28%
30%
26%
26%
25%
23%

Shareholding Pattern

As of Jun 2026
Promoters 50.00%
FIIs 26.27%
DIIs 13.68%
Public 8.60%
Others 1.44%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
FIIs
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
26.22%
25.57%
27.31%
28.61%
28.77%
29.04%
28.03%
26.30%
27.12%
26.27%
DIIs
6.30%
5.09%
4.62%
3.22%
3.35%
2.90%
2.93%
4.12%
4.54%
4.96%
5.93%
9.92%
11.36%
12.86%
11.80%
11.10%
11.18%
10.86%
11.65%
13.45%
12.93%
13.68%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
9.86%
10.64%
10.26%
10.13%
10.41%
9.77%
9.72%
9.59%
9.22%
9.34%
9.28%
10.54%
10.34%
9.87%
9.24%
8.88%
8.66%
8.69%
8.89%
8.81%
8.58%
8.60%
Others
33.83%
34.27%
35.11%
36.66%
36.23%
37.33%
37.35%
36.29%
36.24%
35.70%
34.79%
29.53%
2.08%
1.69%
1.64%
1.41%
1.39%
1.41%
1.43%
1.44%
1.37%
1.44%
No. of Shareholders
0
3,76,424
4,35,420
4,21,045
4,19,197
4,37,536
4,12,002
4,08,400
3,94,760
3,89,109
3,84,845
4,33,628
4,54,319
4,56,043
4,55,045
4,36,896
4,26,703
4,23,031
4,38,901
4,35,497
4,37,469
4,28,892

Documents

Frequently Asked Questions about Petronet LNG Ltd

What does Petronet LNG Ltd do?
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]
Where is Petronet LNG Ltd (PETRONET) listed?
Petronet LNG Ltd is listed on the Indian stock exchanges. It is listed on NSE: PETRONET and BSE: 532522. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Petronet LNG Ltd belong to?
Petronet LNG Ltd operates in the Oil & Gas sector within the Gas Supplier industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Petronet LNG Ltd?
Petronet LNG Ltd has a market capitalisation of approximately ₹42502.50 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Petronet LNG Ltd?
The Price-to-Earnings (PE) ratio of Petronet LNG Ltd is 10.18. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Petronet LNG Ltd?
Over the past 52 weeks, Petronet LNG Ltd has traded between a low of ₹235.35 and a high of ₹326.4. This range helps investors understand the stock's price volatility and recent trading levels.
Does Petronet LNG Ltd pay dividends?
Yes, Petronet LNG Ltd has a dividend yield of 3.55%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Petronet LNG Ltd?
Petronet LNG Ltd has a Return on Equity (ROE) of 19.54%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Petronet LNG Ltd on Tapetide?
On Tapetide, you can view Petronet LNG Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website petronetlng.in
CEO Mr. Akshay Kumar Singh
Employees 579
Listed 2004-03-26
Face Value ₹ 10
Issued Size 1,50,00,00,088

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