Petronet LNG Ltd., incorporated in the year 1998, is a Large Cap company with a market cap of Rs 33810 Crore, operating in Gas & Petroleum sector.
Petronet LNG Ltd. key Products/Revenue Segments include Liquified Natural Gas, Other Services and Other Operating Revenue for the year ending 31-Mar-2020.
Investment Rationale
With increase in domestic production, emergence of new terminals and lack of new big growth opportunities in the medium term; ICICI Direct expects limited upside in the stock price, going ahead. It values Petronet LNG at Rs 245 i.e. 11.5x P/E on FY23E EPS. Petronet LNG is India’s leading play in import of LNG in the country and will be a beneficiary of the government’s aim to increase the share of natural gas in the energy basket to 15per cent over the long term.
Financials
For the quarter ended 30-06-2021, the company has reported a Consolidated Total Income of Rs 8666.47 Crore, up 13.67 per cent from last quarter Total Income of Rs 7624.47 Crore and up 75.01 per cent from last year same quarter Total Income of Rs 4951.95 Crore. Company has reported net profit after tax of Rs 633.64 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 50 per cent stake in the company as of June 30, 2021, while FIIs held 31.1 per cent, DIIs 5.1 per cent and public and others 13.8 per cent.
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