Petronet LNG (PETRONET) had a P/E of 10.3× on 6 Nov 2026, below the industry P/E of 14.3×. Sales fell 9.7% a year over 3 years while net profit grew 5.6%, with ROCE of 21% and ROE of 20%. It carries very little debt, and its dividend yield is 3.1%. It is a mid-cap company with a market cap of ₹47,550 Cr, ranked 5th of 20 Oil & Gas Refining & Marketing companies by market cap; the shares rose 13% over the past year.
- ₹309.95
- ₹317.00
- ₹308.40
- ₹317.00
- 26.6 L
Health check
- ReturnsAhead
+13.0% over a year, better than 5 of 7 peers.
- Price tagCheaper
P/E 10.3 vs industry 14.3.
- GrowthSlow
Sales −9.7%, profit +5.6% a year over 3 years.
- ProfitabilityStrong
ROCE 21.2% vs peer median 20.5%.
- Balance sheetSolid
Debt 0.09× equity, interest covered 23.5×, Piotroski 7 of 9.
- Red flags1 to check
Quarterly sales down 34.6% on a year ago.
Mid cap
Defensive
Key metrics
- Market cap
- ₹47,550 Cr
- Mid cap
- P/E
- 10.3
- Industry 14.3
- Price to book
- 1.96
- Peers 1.58
- Dividend yield
- 3.15%
- ROE
- 20.4%
- Peers 17.3%
- ROCE
- 21.2%
- Peers 20.5%
- Debt to equity
- 0.09
- Debt ₹2,116 Cr
- EPS (TTM)
- ₹30.90
- Face value ₹10
- OPM (TTM)
- 16.0%
- Net margin 13.9%
- Sales growth
- −34.6%
- Latest quarter vs a year ago
- Profit growth
- +51.3%
- Latest quarter vs a year ago
- Price to sales
- 1.43
- EV/EBITDA 6.1
Strengths and risks
Strengths
- Return on equity of 20.4%.
- Return on capital employed of 21.2%.
- Practically debt-free.
- Dividend yield of 3.15%.
- Quarterly profit up 51.3% on a year ago.
Risks to check
- Quarterly sales down 34.6% on a year ago.
About Petronet LNG
Petronet LNG Limited engages in the import, storage, regasification, and supply of liquefied natural gas (LNG) in India. It owns and operates an LNG import and regasification terminal with name plate capacity of 22.5 MMTPA located in Dahej, Gujarat; and an LNG terminal with name plate capacity of 5 MMTPA located in Kochi, Kerala. The company was incorporated in 1998 and is based in New Delhi, India.
- Headquarters
- New Delhi
- Employees
- 604
- Sector
- Energy
- ISIN
- INE347G01014
- Website
- petronetlng.in
Price range
- Avg volume (3M)
- 22.3 L
- 1-year return
- plus 13.0%
- From 52-week high
- minus 2.9%
Analyst consensus
Peers · Oil & Gas Refining & Marketing
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| RELIANCEReliance Industries | 1,320.00 | plus 0.50% | 17,86,286 | 21.8 | 10.7 | 9.0% | 11.2% | 0.44 | 6.4% | minus 10.8% |
| IOCIndian Oil Corporation | 146.25 | plus 1.21% | 2,06,523 | 4.3 | 3.8 | 20.5% | 7.3% | 0.58 | −2.2% | minus 14.6% |
| BPCLBharat Petroleum Corporation | 319.90 | plus 0.88% | 1,38,789 | 8.7 | 3.8 | 26.4% | 3.4% | 0.62 | −1.2% | minus 15.0% |
| HINDPETROHindustan Petroleum Corporation | 387.15 | plus 1.87% | 82,379 | 57.4 | 4.2 | 23.3% | 1.2% | 1.40 | 0.2% | minus 21.6% |
| PETRONETPetronet LNG | 317.00 | 0.00% | 47,550 | 10.3 | 7.1 | 21.2% | 16.0% | 0.09 | −9.7% | plus 13.0% |
| AEGISLOGAegis Logistics | 1,141.10 | minus 3.77% | 40,053 | 30.1 | 26.7 | 14.2% | 20.9% | 0.51 | −1.3% | plus 55.4% |
| MRPLMangalore Refinery & Petrochemicals | 175.67 | plus 1.12% | 30,788 | 7.0 | 6.1 | 19.0% | 6.3% | 0.60 | −6.7% | minus 1.2% |
| CHENNPETROChennai Petroleum Corporation | 1,441.80 | plus 1.64% | 21,470 | 3.8 | 4.4 | 33.4% | 9.5% | 0.16 | −6.0% | plus 44.3% |
| Median of 7 peers | – | 1.12% | 82,379 | 8.7 | 4.4 | 20.5% | 7.3% | 0.58 | −1.3% | −10.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 11,009 | 11,164 | 9,442 | 5,558 | 7,202 | |
| 9,946 | 10,022 | 8,282 | 4,123 | 5,593 | |
| 1,063 | 1,142 | 1,160 | 1,435 | 1,610 | |
| 9.7% | 10.2% | 12.3% | 25.8% | 22.3% | |
| 234 | 214 | 200 | 208 | 233 | |
| 60.9 | 55.9 | 61.5 | 50.7 | 49.7 | |
| −157 | −159 | 496 | −101 | −135 | |
| 1,079 | 1,141 | 1,794 | 1,491 | 1,658 | |
| 25.7% | 25.9% | 25.5% | 25.7% | 25.5% | |
| 830 | 870 | 1,371 | 1,137 | 1,256 | |
| 5.54 | 5.80 | 9.14 | 7.58 | 8.38 |
Profit & loss
- Sales CAGR 3Y
- −9.7%
- Profit CAGR 3Y
- +5.6%
- EPS CAGR 3Y
- +5.6%
- ROE
- 20.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 58,927 | 51,928 | 50,680 | 43,347 | |
| – | minus 11.9% | minus 2.4% | minus 14.5% | |
| 53,818 | 46,651 | 44,913 | 37,688 | |
| 5,110 | 5,277 | 5,768 | 5,658 | |
| 8.7% | 10.2% | 11.4% | 13.1% | |
| 181 | 504 | 664 | 611 | |
| 323 | 280 | 249 | 228 | |
| 764 | 777 | 806 | 838 | |
| 78.2 | 23.1 | −144 | −79.7 | |
| 4,282 | 4,748 | 5,233 | 5,124 | |
| 25.6% | 25.7% | 25.8% | 25.7% | |
| 3,326 | 3,652 | 3,973 | 3,913 | |
| – | +9.8% | +8.8% | minus 1.5% | |
| 22.17 | 24.35 | 26.48 | 26.08 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,500 | 1,500 | 1,500 | 1,500 | |
| 13,765 | 15,910 | 18,378 | 20,785 | |
| 3,345 | 3,008 | 2,657 | 2,341 | |
| 4,189 | 5,105 | 4,763 | 2,814 | |
| 22,798 | 25,523 | 27,297 | 27,440 | |
| 9,937 | 9,944 | 10,700 | 12,440 | |
| 1,150 | 1,800 | 1,871 | 3,403 | |
| 88.5 | 1,686 | 400 | 1,308 | |
| 6,501 | 7,329 | 10,043 | 9,913 | |
| 5,122 | 4,765 | 4,283 | 376 | |
| 22,798 | 25,523 | 27,297 | 27,440 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,519 | 4,871 | 4,398 | 4,750 | |
| −1,142 | −1,056 | −3,189 | −1,472 | |
| −2,368 | −2,154 | −2,152 | −2,200 | |
| −991 | 1,661 | −942 | 1,078 | |
| −1,059 | −841 | −1,457 | −2,519 | |
| 1,460 | 4,030 | 2,941 | 2,231 | |
| −1,725 | −1,500 | −1,500 | −1,500 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 27.4% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.