Live Petronet LNG Share Price Chart

O 282.75

H 282.75

L 282.75

VOL 2623

Petronet LNG Performance

Days Range

Low: ₹278.90
High: ₹284.25
Previous Close ₹282.70
Open ₹282.75
Volume 1,94,818
Day’s Range ₹278.90 - ₹284.25
52W Range ₹191.70 - ₹296.45
Market Cap ₹42,390 Cr

Petronet LNG Fundamentals

ROCE (TTM) 24.43
P/E Ratio (TTM) 11.69
P/B Ratio 2.49
Industry P/E 20.58
Debt to Equity 0.19
ROE 21.17
EPS (TTM) 23.38
Dividend Yield 3.66
Book Value 109.9
Face Value 10

Petronet LNG Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales13,873.9311,656.3812,532.5714,747.21
Expenses13,119.9710,666.4811,512.6913,237.25
Profit before tax822.631,091.561,139.621,619.52
Operating Profit618.8819.28855.741,212.98
Net Profit618.8819.28855.741,212.98
EPS in Rs4.135.465.78.09

About Petronet LNG

History

Petronet LNG Limited is a leading company in India’s energy sector. It established the country’s first LNG receiving and regasification terminals in Dahej, Gujarat, and Kochi, Kerala. As of March 2022, the Dahej Terminal has a capacity of 17.5 million metric tonnes per annum (MMTPA), while the Kochi Terminal has a capacity of 5 MMTPA. These terminals handle around 33% of gas supplies in India, contributing significantly to the country’s energy needs.

Petronet LNG was formed in April 1998 as a joint venture by the Government of India, involving key oil and natural gas players, including GAIL (India) Limited, Oil & Natural Gas Corporation Limited, Indian Oil Corporation Limited, and Bharat Petroleum Corporation Limited. In 2002-03, the company partnered with Mitsui OSK Lines Limited for LNG vessels and a joint venture with Adani Group for a solid cargo port at Dahej. In March 2004, the company was listed on the BSE and NSE with an Initial Public Offer of ₹391.47 crore.

During the same period, Petronet LNG also commissioned India’s first LNG receiving and regasification terminal at Dahej, marking a significant milestone. Over the years, Petronet LNG continued to expand its operations, with the Kochi Terminal becoming operational in 2013. The company signed agreements for long-term LNG supply with ExxonMobil in 2009 and Gazprom in 2011, further strengthening its position in the market.

In 2015, the Dahej Terminal underwent expansion from 10 MMTPA to 15 MMTPA, and in 2016, additional facilities were commissioned, increasing the capacity to 17.5 MMTPA. In September 2017, the company also ventured into international collaborations, announcing plans for an LNG terminal in Sri Lanka in partnership with Japanese and Sri Lankan companies.

As of the financial year 2022-23, the Dahej Terminal operated at a capacity of 77.8%, achieving a throughput of 13.61 MMTPA, while the Kochi Terminal operated at 18.6% capacity. The company achieved milestones such as delivering the 100th LNG cargo at the Kochi terminal and the 3000th LNG cargo at the Dahej terminal during this period.

Business Segments 

Petronet LNG Limited is a major player in India’s liquefied natural gas (LNG) industry. The company operates across two main business segments:

  • LNG Import and Regasification: Petronet LNG is India’s largest importer of LNG, accounting for around 40% of the country’s LNG imports. The company operates two LNG receiving and regasification terminals at Dahej in Gujarat and Kochi in Kerala. Petronet LNG imports LNG from various sources worldwide, including Qatar, Australia, and Trinidad and Tobago. The regasified LNG is then supplied to customers through a network of pipelines.
  • LNG Trading and Marketing: Petronet LNG is also engaged in the trading and marketing of LNG. The company buys and sells LNG internationally, taking advantage of price arbitrage opportunities. Petronet LNG has a strong marketing network in India and exports LNG to other countries.

Subsidiaries of Petronet LNG Ltd

  1. Petronet Energy Limited (PEL): Formed in February 2021, PEL, a wholly-owned subsidiary of Petronet LNG Limited, operates from Kochi and specialises in LNG bunkering and related services. PEL’s successful GUCD operations at Kochi LNG Terminal contribute to net foreign exchange earnings.
  2. Petronet LNG Singapore Pte. Ltd. (PLSPL): Established in March 2022, PLSPL, a wholly owned subsidiary, is integral to Petronet LNG Limited’s global expansion. With an issued share capital of Rs 0.41 crores, PLSPL engages in LNG trading activities, including purchases, sales, and optimisation, catering to Indian and foreign markets.

Key Personnel 

Shri Pankaj Jain, Chairman 

Shri Pankaj Jain is the Chairman of  Petronet LNG Ltd. He also serves as the Secretary to the Government of India in the Ministry of Petroleum and Natural Gas. He brings extensive experience in governance, policy design, and execution across various sectors, including oil and natural gas, financial services, industries, power, information technology, livelihoods, and MSME promotion. Jain has a significant board presence, having served as Chairman/Director on the boards of companies in the Petroleum and Natural Gas Sector, banks (PNB, Canara Bank, IDBI Bank), development finance institutions, insurers (LIC), non-banking finance companies, and regulators/supervisors (IFSCA and National Housing Bank).

Corporate Actions

Bonus 

  • Petronet LNG Limited issued a 1:1 bonus share issue with a record date of July 4, 2017, granting shareholders one additional share for each existing share held. 

Management Outlook

  • Petronet LNG’s management foresees a substantial increase in India’s natural gas demand due to factors like population growth and cleaner energy policies. They aim to align strategies with the country’s goal of achieving net-zero emissions by 2070.
  • The company recognises the global shift towards cleaner fuels and positions natural gas, especially LNG, as a crucial player in this transition. They highlight the versatility of natural gas and stress its complementary role with renewables in a sustainable energy mix.
  • Petronet LNG’s management is committed to ensuring India’s energy security while supporting decarbonisation efforts. They plan to keep natural gas at the forefront for the next 3 to 5 decades, aiming to provide a stable energy supply while contributing to environmental sustainability.
Parent Organisation Joint Sector-Oth
Founded 1998
Managing Director Pankaj Jain
NSE Symbol PETRONET

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Gujarat Gas Ltd ₹39,809.60

576.8

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Indraprastha Gas Ltd ₹30,355.53

435.05

1.30 (0.30%)

432.05 - 437.6
Adani Total Gas Ltd ₹114,220.78

1040.1

0.95 (0.09%)

1026 - 1046
GAIL (India) Ltd ₹121,146.21

184.4

0.25 (0.14%)

184.2 - 186
Deep Energy Resources Ltd ₹625.28

194.4

1.35 (-0.69%)

192 - 196.95

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Petronet LNG FAQs

What is the Share price of Petronet LNG (PETRONET)?

Petronet LNG (PETRONET) share price as of March 2, 2024, on NSE is Rs 281.85 (NSE) and Rs 281.90 (BSE) on BSE.

Can I buy Petronet LNG (PETRONET) shares?

Yes, You can buy Petronet LNG (PETRONET) shares by opening a Demat account with Angel One.

How do I buy Petronet LNG (PETRONET) from Angel One?

Petronet LNG (PETRONET) share can be brought through the following modes:
  1. Direct investment: You can buy Petronet LNG (PETRONET) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Petronet LNG (PETRONET) shares.

Is Petronet Lng a Debt free Company?

No, Petronet Lng is not a debt free company.

What is the main business of Petronet Lng?

The main business of Petronet Lng is to design, build, develop, and operate import and regasification terminals of liquiefied natural gas (LNG) in India.

Who are the promoters of Petronet Lng?

The main promoters of Petronet Lng are Oil And Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Gail (India) Limited, and Bharat Petroleum Corporation Ltd (BPCL).

What are the Subsidiaries that comes under Petronet Lng?

Some of the wholly-owned subsidiaries that come under Petronet Lng are Petronet LNG Foundation (PLF), Petronet Energy Limited (PEL), and Petronet LNG Singapore Pte Ltd.