Petronet LNG Share Price: Petronet LNG shares up 0.11% as Nifty drops

NEW DELHI: Shares of Ltd. traded 0.11 per cent up in Wednesday’s trade at 01:16PM (IST). Around 32,028 shares changed hands on the counter.

The counter opened at Rs 228.7 and touched an intraday high and low of Rs 229.6 and Rs 226.4, 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 34192.5 crore at the time of writing this report.


Key Financials

The company reported consolidated net sales of Rs 8666.47 crore for the quarter ended 30-Jun-2021, up 13.67 per cent from previous quarter’s Rs 7624.47 crore and up 75.01 per cent from the year-ago quarter’s Rs 4951.95 crore.

The net profit for latest quarter stood at Rs 670.06 crore, up 34.07 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2021, DIIs held 4.89 per cent stake in the company, 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 P/E multiple of 11.0 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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