AgenciesPetronet LNG, incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 33457.50 Crore) operating in Gas & Petroleum sector.
Petronet LNG key Products/Revenue Segments include Liquified Natural Gas, Other Services and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 14005.25 Crore, down -12.22 % from last quarter Total Income of Rs 15955.51 Crore and up 24.58 % from last year same quarter Total Income of Rs 11241.74 Crore. Company has reported net profit after tax of Rs 591.24 Crore in latest quarter.
The company’s top management includes Mr.Pankaj Jain, Mr.Sanjeev Kumar, Mr.Arun Kumar Singh, Mr.S M Vaidya, Mr.Manoj Jain, Mr.Sundeep Bhutoria, Mr.Sanjeev Mitla, Ms.Bhaswati Mukherjee, Mr.Sidhartha Pradhan, Mr.Pramod Narang, Mr.V K Mishra, Mr.Akshay Kumar Singh, Dr.(Ms.)Alka Mittal. Company has T R Chadha & Co. as its auditors. As on 31-03-2023, the company has a total of 150 Crore shares outstanding.
Investment Rationale
The valuation of 9.5x/8.1x its FY2024E/FY2025E EPS is attractive and stock offers healthy dividend yield of 4-5%.
Promoter/FII Holdings
Promoters held 50 per cent stake in the company as of 31-Mar-2023, while FIIs owned 34.81 per cent, DIIs 4.36 per cent.
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