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Petronet LNG

PETRONET NSE
₹311.00 No trade today
P/E
11.08
View as Markdown
MCP
Close 4 Nov 2026 ₹311.00 +36.00 +13.1% 1Y
Start ₹275.00

Key Fundamentals

MidcapOil & GasEnergy

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
22.60%
Debt to Equity
0.11
EPS (TTM)
₹28.06
Book Value
₹161.52
Market Cap
—
P/E (TTM)
11.08
P/B
1.93
ROE
18.30%
Dividend Yield
2.31%
EBITDA
₹6,199 Cr
52W High
₹326.40
52W Low
₹235.35
Volume
0

Peer Comparison

Energy › Oil & Gas › Gas Supplier › LPG/CNG/PNG/LNG Supplier

Petronet LNG peer comparison
Adani Total Gas
₹570.60102.26₹61,655 Cr12.120.05%14.10%15.10%₹6,728 Cr₹613 Cr
Petronet LNG (this company)
₹311.0011.08₹46,470 Cr1.932.31%18.30%22.60%₹37,173 Cr₹4,208 Cr
Gujarat Gas
₹221.1914.84₹21,204 Cr1.134.06%13.20%18.50%₹23,304 Cr₹1,027 Cr
Indraprastha Gas
₹136.8414.08₹18,822 Cr1.663.56%13.30%17.50%₹16,840 Cr₹1,354 Cr
Mahanagar Gas
₹1,059.2014.51₹10,386 Cr1.632.84%12.30%17.10%₹8,531 Cr₹721 Cr
GSPL Transmission
₹112.97—₹3,493 Cr0.520.00%−66.70%———
Confidence Petroleum
₹63.2915.67₹1,865 Cr1.490.18%6.89%9.12%₹6,001 Cr₹138 Cr
Median 7 companies₹221.1914.68₹18,822 Cr1.632.31%13.20%17.30%₹12,686 Cr₹874 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

59 Good

Data confidence 100/100

Category scores

Quality
76
Strong
Returns, margins, earnings quality 22% weight
Valuation
67
Strong
Cheap vs sector & own history 24% weight
Growth
4
Poor
Sales & profit trajectory 9% weight
Financial Health
83
Strong
Solvency, leverage, coverage 9% weight
Momentum
55
Good
Trend strength, vol-adjusted 12% weight
Ownership
56
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 39.0%

Weaknesses

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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish4312
OscillatorsBearish432
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
66.11
Neutral
MACD (12,26,9)
3.19
Bullish
SMA (50)
290.59
Bullish
SMA (200)
282.75
Bullish

As of

Analyst Rating

Based on 30 analysts
BUY57%

17 of 30 analysts rate Buy, 8 Hold, 5 Sell.

As of

BUY
17
57%
HOLD
8
27%
SELL
5
17%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+4.83%
5Y+10.82%
3Y−10.12%
1Y−14.69%
TTM−24.82%

Net profit

Net profit growth by window
10Y+15.48%
5Y+5.89%
3Y+5.57%
1Y−1.51%
TTM+13.42%

Operating cash flow

Operating cash flow growth by window
10Y+3.48%
5Y+5.94%
3Y+23.54%
1Y+8.00%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+6.42 pp
5Y−5.79 pp
3Y+4.17 pp
1Y+1.43 pp
TTM+5.01 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹24,616 Cr
Mar 2018₹30,599 Cr
Mar 2019₹38,395 Cr
Mar 2020₹35,452 Cr
Mar 2021₹26,023 Cr
Mar 2022₹43,169 Cr
Mar 2023₹59,899 Cr
Mar 2024₹52,729 Cr
Mar 2025₹50,982 Cr
Mar 2026₹43,495 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,723 Cr
Mar 2018₹2,110 Cr
Mar 2019₹2,231 Cr
Mar 2020₹2,703 Cr
Mar 2021₹2,939 Cr
Mar 2022₹3,438 Cr
Mar 2023₹3,326 Cr
Mar 2024₹3,652 Cr
Mar 2025₹3,973 Cr
Mar 2026₹3,913 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹1,241 Cr −34.5% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk medium

Petronet LNG Ltd trades at ₹303 as of 2026-11-03 with a market cap of ₹44,692.5 crore. The company combines a low PE of 10.8x and minimal debt (debt-to-equity of 0.11) with a dividend yield of 3.32%, while facing a sharp TTM sales decline of -25% alongside a 13% TTM profit growth.

Bull Case 7
  • Near-negligible leverage with a debt-to-equity ratio of just 0.11, providing significant financial flexibility and resilience through commodity cycles
  • Healthy dividend yield of 3.32% supported by a consistent payout ratio of 39.0%, offering meaningful cash returns to shareholders
  • Robust return ratios with ROE at 17.09% and ROCE at 21.26% as of 2026-11-03, indicating efficient capital deployment
  • 10-year compounded profit growth of 16% demonstrates the company's ability to grow earnings through multiple commodity and demand cycles
  • 10-year average ROE of 23% reflects a structurally high-return business model sustained over a long period
  • TTM profit growth of 13% shows earnings momentum is intact even as the top line contracts, pointing to margin expansion or operational efficiencies
  • Price-to-book of 1.88x is reasonable for a business generating 17%+ ROE, suggesting the stock is not stretched on an asset-value basis
Bear Case 7
  • TTM sales have declined by -25%, a sharp contraction that raises questions about volume throughput or pricing headwinds in the LNG business
  • 3-year compounded sales growth is -10%, indicating a sustained period of revenue erosion rather than a one-off dip
  • Stock CAGR of just 4% over 10 years has significantly lagged broader Indian equity market returns, reflecting limited long-term price appreciation
  • 5-year sales growth of only about 10.8% is modest for an energy infrastructure company operating in a growing economy
  • ROE has trended lower from a 10-year average of 23% to 18% in the last year, suggesting return on equity may be structurally declining
  • 3-year compounded profit growth of 5% and 5-year profit CAGR of 6% lag the 10-year rate of 16%, indicating a deceleration in earnings growth in recent years
  • 1-year stock CAGR of 5% and 5-year stock CAGR of 5% suggest the market has consistently assigned muted growth expectations to the business

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

AI News Digest

9h ago

TL;DR: Petronet LNG delivered a strong Q2FY27 with profit beating estimates by 12% and healthy revenue growth of nearly 30% QoQ, though margin compression is a watch item. The ₹1,200 crore CBG joint venture signals strategic diversification into renewable gas. Key risks include sustaining margins amid volatile LNG prices and execution uncertainty on the CBG rollout where plant locations, funding and timelines remain undefined. The trend is constructive with earnings momentum intact and a new growth avenue opening up.

Headwinds 1
  • EBITDA margin contracts QoQ Nov 3

    EBITDA margin fell to 23.11% in Q2FY27 from 27.58% in Q1FY27, a 447 bps contraction despite absolute EBITDA growth.

Positives 3
  • Q2 profit beats estimates 12% Nov 3

    Net profit rose 9.1% QoQ to ₹1,235.40 crore in Q2FY27, beating consensus estimates by 12.3%. Revenue jumped 29.6% QoQ to ₹7,200.35 crore.

  • ₹7 interim dividend declared Nov 3

    Interim dividend of ₹7 per share declared with November 6, 2026 as record date, signalling confidence in cash flows.

  • ₹1,200 cr CBG JV signed Oct 22

    Signed 50:50 binding term sheet with Gruner Renewable Energy for 10 CBG plants at 18 MT/day each, with an estimated capital outlay of ₹1,200 crore.

Neutral 1
  • Hong Kong investor roadshow Oct 21

    Petronet LNG will participate in an investor roadshow in Hong Kong on November 6, 2026. No unpublished price sensitive information to be shared.

Quarterly Results

₹ Cr
PETRONET quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 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
7,202
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
5,541
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
1,662
OPM %
10%
10%
12%
8%
12%
9%
10%
12%
10%
10%
11%
20%
28%
23%
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
50
Depreciation
192
195
195
194
195
196
210
206
207
211
215
205
201
187
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
1,256
EPS (₹)
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
—

Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
PETRONET profit and loss, annual, ₹ crore
Particulars 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
38,157
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
5,338
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
773
861
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 (₹)
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%
38%
—

Balance Sheet

₹ Cr
PETRONET balance sheet, annual, ₹ crore
Particulars 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
2,845
Total Liabilities
11,364
12,475
13,914
15,745
15,249
18,867
19,090
21,365
22,820
25,549
27,324
27,472
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
15,184
Total Assets
11,364
12,475
13,914
15,745
15,249
18,867
19,090
21,365
22,820
25,549
27,324
27,472

Cash Flow

₹ Cr
PETRONET cash flow, annual, ₹ crore
Particulars 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/EBITDA
74
225
94
111
90
96
97
90
77
117
104
112

Ratios

PETRONET financial ratios, annual
Particulars 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
11
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%

Insights

Beta

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

Log in to view Petronet LNG insights

62 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 50.00%
  • FIIs 25.98%
  • DIIs 14.21%
  • Public 8.37%
  • Others 1.44%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Petronet LNG

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. It was incorporated in 1998 as a Joint Venture among GAIL, Indian Oil, Bharat Petroleum & ONGC holding 12.5% each.
Where is Petronet LNG Ltd (PETRONET) listed?
Petronet LNG Ltd trades as PETRONET on the NSE and under code 532522 on the BSE.
Which sector does Petronet LNG Ltd belong to?
Petronet LNG Ltd is classified under the Oil & Gas sector, in the Gas Supplier industry.
What is the PE ratio of Petronet LNG Ltd?
Petronet LNG Ltd trades at a PE ratio of 11.08 as of 4 Nov 2026, on earnings per share of ₹28.06, against a book value of ₹161.52 per share.
What is the 52-week high and low of Petronet LNG Ltd?
Over the last 52 weeks Petronet LNG Ltd has traded between ₹235.35 and ₹326.4 as of 4 Nov 2026.
Does Petronet LNG Ltd pay dividends?
Petronet LNG Ltd has a dividend yield of 2.31%.
What is the Return on Equity (ROE) of Petronet LNG Ltd?
Petronet LNG Ltd reported a return on equity of 18.30%. Its debt-to-equity ratio is 0.11.

Company Information

Petronet LNG Ltd was formed to develop, design, construct, own and operate Liquefied Natural Gas (LNG) Import and regasification terminals in India. It was incorporated in 1998 as a Joint Venture among GAIL, Indian Oil, Bharat Petroleum & ONGC holding 12.5% each.

Website petronetlng.in
CEO Mr. Akshay Kumar Singh
Employees 579
Listed 26 Mar 2004
Face Value ₹10

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