Stock pick of the week: Why Petronet will benefit most from India’s shift to natural gas

Petronet was able to report another year of strong operational performance in 2019-20, despite the Covid-19 lockdown. For example, its sales volume and Ebitda (Earnings before interest, tax, depreciation and amortisation) grew by 10% and 21% respectively during the year. Improvement in Ebitda margin, to 11.3% from 8.6% in 2018-19, is a point worth mentioning here.After a weak start, things are improving now. For instance, the utilisation level