petronet LNG share price: Petronet LNG shares up 1.0% as Nifty gains

NEW DELHI: Shares of Ltd. traded 1.0 per cent up in Friday’s trade at 11:22AM (IST). Around 55,117 shares changed hands on the counter.

The scrip opened at Rs 215.1 and touched an intraday high and low of Rs 216.55 and Rs 215.0, respectively, in the session so far. Shares of the company of Petronet LNG Ltd. quoted a 52-week high of Rs 275.25 and a 52-week low of Rs 207.4.

Total market cap of the Petronet LNG Ltd. stood at Rs 32445.0 crore at the time of writing this report.


Key Financials

The company reported consolidated net sales of Rs 7624.47 crore for the quarter ended 31-Mar-2021, up 2.65 per cent from previous quarter’s Rs 7427.9 crore and up 11.89 per cent from the year-ago quarter’s Rs 8653.63 crore.

The net profit for latest quarter stood at Rs 637.92 crore, up 70.93 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Jun-2021, domestic institutional investors held 4.89 per cent stake in the firm, while foreign institutional investors held 31.06 per cent and the promoters 50.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 11.04 and a price-to-book ratio of 2.7. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Petronet LNG Ltd. belongs to the Gas Storage & Distribution industry.

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