Petronet LNG Ltd logo

Petronet LNG Ltd

PETRONET NSE

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]

AI Verdict: HOLD Confidence: 6%

Petronet LNG trades at an attractive PE of 11.1x with a healthy 3.47% dividend yield and strong historical ROE of 19-23%, but declining sales growth (TTM -15%) and negative stock returns (-2% over 1 year) warrant caution. The 58% buy rating from analysts provides some comfort, but near-term headwinds keep this a hold until volume growth visibility improves.

Key Fundamentals

MidcapGas SupplierOil & Gas
Market Cap
₹42,953 Cr
Volatility
Moderate
P/E Ratio
10.82
EBITDA
₹5,335 Cr
Return on Equity
20.26%
Debt to Equity
0.15
Book Value
₹148.57
EPS
₹26.26
52W High
₹326.4
52W Low
₹235.35

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 3d ago
HOLD
Risk medium

Petronet LNG trades at an attractive PE of 11.1x with a healthy 3.47% dividend yield and strong historical ROE of 19-23%, but declining sales growth (TTM -15%) and negative stock returns (-2% over 1 year) warrant caution. The 58% buy rating from analysts provides some comfort, but near-term headwinds keep this a hold until volume growth visibility improves.

Bull Case 8
  • Attractive valuation at PE of 11.1x, well below the broader market average, offering margin of safety for value investors
  • Healthy dividend yield of 3.47% with consistent payout ratio of 30.1%, providing steady income to shareholders
  • Strong return on equity averaging 20-23% over 3-10 year periods, indicating efficient capital allocation
  • Majority analyst consensus is bullish with 58% buy ratings (18 out of 31 analysts recommending buy)
  • Compounded profit growth of 16% over 10 years demonstrates long-term earnings power of the business
  • Price-to-book ratio of 1.94x is reasonable for a capital-intensive infrastructure asset with monopoly-like positioning in LNG regasification
  • 5-year compounded sales growth of 11% shows the underlying business has a structural growth trajectory despite recent softness
  • Market cap of Rs 43,373 crore provides adequate liquidity and institutional ownership comfort for large investors
Bear Case 8
  • TTM sales growth of -15% signals significant near-term revenue pressure, likely from lower LNG spot prices or volume softness
  • 3-year compounded sales growth of -10% indicates revenue decline is not just a one-quarter blip but a sustained trend
  • Stock CAGR of -2% over 1 year shows the market is not rewarding the stock despite reasonable fundamentals
  • 19.35% of analysts (6 out of 31) have a sell rating, which is notably high for a utility-like infrastructure company
  • TTM profit growth of -1% shows even earnings are now stagnating despite historically strong compounding
  • Modest 5-year stock CAGR of only 5% significantly underperforms the broader Nifty index returns over the same period
  • ROE has declined from 23% (10-year average) to 19% last year, suggesting returns on capital may be on a structural downtrend
  • Poor 5-year sales growth of 10.8% as flagged by screener data, indicating limited volume expansion from the Dahej and Kochi terminals

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

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Headwinds 1
  • Penalty for board non-compliance Jun 10

    Petronet LNG paid ₹6.84 lakh in penalties to NSE and BSE for non-compliance with Regulation 17(1) for Q4FY26, lasting 58 days during the quarter.

Positives 3
  • ₹3 final dividend for FY26 Jun 01

    Petronet LNG fixed June 12, 2026 as record date for a ₹3.00 per share final dividend for FY26, pending shareholder approval.

  • Strong institutional block trade Jun 11

    A block trade of ~69.6 lakh shares worth ₹182.80 crore executed at ₹262.65 per share on NSE, signalling substantial institutional interest.

  • LNG tankers transit Strait of Hormuz Jun 15

    Shipping data confirms Petronet LNG tankers have begun passing through the Strait of Hormuz, a key route for global energy trade operations.

Neutral 5
  • Active investor engagement schedule Jun 18

    Petronet LNG announced analyst and institutional investor meets from June to September 2026 with Macquarie, Emkay, JM Financial and others.

  • TDS rules for FY26 dividend Jun 19

    Shareholders must submit TDS documents by July 10, 2026 for the ₹3 final dividend for FY26.

  • Deepak Gupta appointed director Jun 08

    Shri Deepak Gupta appointed as Nominee Director via postal ballot with 74.58% shareholder approval.

  • ONGC holds 12.50% stake Jun 06

    ONGC disclosed holding 18.75 crore shares (12.50% of paid-up capital) as of March 31, 2026, with no encumbrances.

  • Unclaimed dividends transfer to IEPF May 26

    Unpaid dividends for FY 2018-19 and FY 2019-20 to be transferred to IEPF; shareholders must claim by Sep 30 and Nov 30, 2026 respectively.

TL;DR: Petronet LNG is in a steady operational phase with consistent shareholder returns via a ₹3 FY26 dividend and active institutional engagement. The minor regulatory penalty (₹6.84 lakh) for board composition non-compliance is a governance blemish but financially immaterial. Strong block trade activity and resumed Strait of Hormuz transits suggest healthy institutional confidence and normalized supply routes. Overall trend is stable with no major red flags, though governance discipline warrants monitoring.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
13,874
11,656
12,533
14,747
13,793
13,415
13,024
12,227
12,316
11,880
11,009
11,164
9,442
Expenses
12,931
10,475
11,318
13,042
12,690
11,853
11,822
10,980
10,803
10,721
9,892
9,966
7,581
Operating Profit
943
1,182
1,215
1,705
1,104
1,562
1,202
1,247
1,512
1,159
1,117
1,198
1,861
OPM %
7%
10%
10%
12%
8%
12%
9%
10%
12%
10%
10%
11%
20%
Other Income
159
145
194
157
154
178
202
196
197
217
234
214
200
Interest
90
75
75
70
71
67
65
65
61
59
61
56
62
Depreciation
189
192
195
195
194
195
196
210
206
207
211
215
205
PBT
823
1,060
1,140
1,597
992
1,479
1,142
1,169
1,443
1,110
1,079
1,141
1,794
Tax %
25%
26%
25%
25%
26%
26%
26%
26%
26%
26%
26%
26%
25%
Net Profit
619
819
856
1,213
764
1,105
871
902
1,095
842
830
870
1,371
EPS in Rs
4.13
5.46
5.7
8.09
5.1
7.37
5.8
6.01
7.3
5.61
5.54
5.8
9.14
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
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
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
OPM %
4%
6%
11%
11%
9%
11%
18%
12%
8%
10%
11%
12%
Other Income
156
188
364
349
525
306
377
395
523
605
772
864
Interest
308
239
210
163
99
403
336
317
331
290
258
237
Depreciation
329
322
369
412
411
776
784
768
764
777
806
838
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
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
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
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 Mar 2026
Promoters 50.00%
FIIs 27.12%
DIIs 12.93%
Public 8.58%
Others 1.37%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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%
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%
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%
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%
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%
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%
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

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 Energy sector within the Gas 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 ₹42952.50 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 10.82. 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 3.47%. 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 20.26%. 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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