Petronet Lng Limited (PETRONET)

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Petronet Lng Limited (PETRONET) · mywealthgrid

About

Petronet LNG operates as a gas supplier across LPG, CNG, PNG and LNG in India's energy sector. With ₹42,390 Cr market cap and quarterly revenues between ₹5.5–₹11.1 Cr, it is a significant infrastructure player. ROE of 18.56%, zero debt, and PE of 10.07 reflect strong profitability and financial health, yet 1-year returns of 1.65% suggest the market has already priced in current performance.

Face value: ₹10

Market cap

₹42,825 Cr

P/E

10.2×

P/B

1.9×

Dividend yield

4.6%

ROE

18.6%

ROCE

22.1%

Debt / equity

OPM

12.3%

EPS (TTM)

₹28.1

Book value

₹148.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins range from 10.14% (Sep 2025) to 27.62% (Jun 2026), indicating high cyclicality from commodity pricing or seasonality—verify drivers and expected normalization.
Revenue swings ₹5.5–₹11.1 Cr across quarters obscure underlying volume and pricing trends, limiting visibility on organic growth.
Stock up only 1.65% in 1 year despite 18.56% ROE and zero debt suggests valuation concerns or structural headwinds—verify competitive intensity and regulatory pricing constraints.
As a gas distributor with LNG exposure, verify dependency on global LNG price movements and domestic fuel policy shifts.

Generated analysis · source review pending

Growth drivers

OPM expanded from 10.14% (Sep 2025) to 27.62% (Jun 2026)—verify if driven by lower LNG costs, volume leverage, or pricing power and whether this inflection is cyclical or structural.
Zero debt (D/E 0) provides capex capacity for PNG pipeline and CNG retail expansion—verify investment plans and volume growth targets.
Consistent dividends (4+ payouts since Jul 2024) despite revenue seasonality signal cash generation—verify capex intensity and growth reinvestment policy.
PNG and CNG segments serve domestic heating and transport fuel markets—verify volume trends, customer additions, and addressable market potential in each.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹285.5+0.9%1Y

Quick read

rule-based

Pros

+Strong return on equity of 20.7% (3-yr avg)
+High return on capital employed of 23.7%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 22.6×
+Dividend yield of 4.6%
+Dividend payout of 46.3% of profit

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

63/100

Business quality: 67
Growth: 28
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 150 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET NIFTY ENERGY

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	35,452	26,023	43,169	59,899	52,729	50,982	43,495
COGS	30,496	20,682	37,077	53,952	46,464	44,298	37,120
Gross profit	4,956	5,341	6,091	5,947	6,265	6,684	6,375
	952	623	842	955	934	1,071	936
	4,004	4,718	5,249	4,992	5,331	5,613	5,438
OPM %	11.3%	18.1%	12.2%	8.3%	10.1%	11%	12.5%
Depreciation	776	784	768	764	777	806	838
Interest	403	336	317	331	290	258	237
	292	359	396	661	608	773	864
Profit before tax	3,116	3,958	4,559	4,558	4,873	5,322	5,227
Tax	413	1,018	1,121	1,094	1,221	1,349	1,314
Tax %	13.3%	25.7%	24.6%	24%	25.1%	25.4%	25.2%
	2,703	2,939	3,438	3,464	3,652	3,973	3,913
PAT margin %	7.6%	11.3%	8%	5.8%	6.9%	7.8%	9%
EPS (₹)	18	19.6	22.9	22.2	24.4	26.5	26.1
EPS adjusted (₹)	—	19.6	22.9	23.1	24.4	26.5	26.1
	38.8%	94.4%	50.2%	13.5%	41.1%	37.8%	38.3%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	1,500	1,500	1,500	1,500	1,500	1,500
Reserves	10,307	12,168	13,765	15,910	18,378	20,785
	23	23	0	0	0	0
	7,260	7,671	7,488	8,113	7,419	5,155
Total equity & liabilities	19,090	21,362	22,752	25,523	27,297	27,440
	10,313	6,850	6,454	6,154	7,123	7,623
CWIP	25	193	1,126	1,552	1,642	2,497
Investments	1,707	1,286	3,705	2,610	3,425	2,168
	7,044	13,034	11,468	15,207	15,107	15,152
Total assets	19,090	21,362	22,752	25,523	27,297	27,440

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	14%	20.5%	14.1%	9.9%	11.9%	13.1%	14.7%
EBITDA margin %	11.3%	18.1%	12.2%	8.1%	9.9%	10.8%	12.3%
EBIT margin %	9.1%	15.1%	10.4%	6.8%	8.4%	9.3%	10.3%
PAT margin %	7.6%	11.3%	8%	5.8%	6.9%	7.8%	9%
Working capital
Receivable days	—	26	23	23	25	23	9
Inventory days	—	6	6	8	12	10	9
Payable days	—	18	15	11	23	21	7
NWC days	—	14	13	20	14	12	10
Leverage
Current ratio	—	3.93	3.18	4.08	3.1	3.74	5.67
Debt to EBITDA	—	0	0	0	0	0	0
Debt to equity	—	0	0	0	0	0	0
Interest coverage	8.9	12.8	15.4	14	17.4	21.3	22.6
Asset turnover	—	1.36	2.02	2.63	2.07	1.87	1.59
Return ratios
Return on assets %	—	15.4%	16.1%	15.2%	14.3%	14.6%	14.3%
Return on capital employed %	—	25.2%	27.4%	24%	24.4%	24.6%	22.1%
Return on equity %	—	24.9%	25.2%	22.7%	21%	20%	17.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	50%	50%	50%	50%	50%	50%	50%	50%	50%	50%	50%	50%
	33.31%	26.83%	26.22%	25.57%	27.31%	28.61%	28.77%	29.04%	28.03%	26.3%	27.12%	26.27%
	5.93%	10.96%	11.36%	12.86%	11.8%	11.1%	11.18%	10.86%	11.65%	13.45%	12.93%	13.68%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	10.76%	12.21%	12.42%	11.57%	10.89%	10.29%	10.05%	10.1%	10.32%	10.25%	9.95%	10.05%
No. of shareholders	—	—	—	—	—	—	—	—	4,38,901	4,35,497	4,37,469	4,28,892

Promoter holding up 0 percentage points since Sep 2023.

41 deals · 31 Aug 2021 – 18 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
18 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	9,01,656	₹279.00	₹25.16 Cr
18 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	9,01,656	₹279.00	₹25.16 Cr
17 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	5,46,206	₹279.30	₹15.26 Cr
17 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	5,46,206	₹279.30	₹15.26 Cr
9 Apr 2024	STICHTING PENSIOENFONDS RAIL & OPENBAAR VERVOER	Block	NSE	Buy	6,05,855	₹281.00	₹17.02 Cr
9 Apr 2024	STICHTING CUST ROBECO INST RE:CALYP	Block	NSE	Sell	6,05,855	₹281.00	₹17.02 Cr
25 Jan 2024	BNP PARIBAS ARBITRAGE	Block	BSE	Sell	5,24,785	₹260.30	₹13.66 Cr
25 Jan 2024	MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND	Block	BSE	Buy	3,48,612	₹260.30	₹9.07 Cr
25 Jan 2024	MARSHALL WACE INVESTMENT STRATEGIESGTOPS FUND	Block	BSE	Buy	1,76,173	₹260.30	₹4.59 Cr
14 Nov 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	NSE	Buy	9,05,382	₹212.20	₹19.21 Cr

1–10 of 41

1 / 5

Mr. Neeraj MittalNon-Executive - Non Independent Director-Chairperson
Mr. Akshay Kumar SinghExecutive Director-CEO-MD
Mr. Saurav MitraExecutive Director
Mr. Pramod NarangExecutive Director
Mr. Arun Kumar SinghNon-Executive - Nominee Director
Mr. Deepak GuptaNon-Executive - Nominee Director
Mr. Arvinder Singh SahneyNon-Executive - Nominee Director
Mr. Sanjay KhannaNon-Executive - Nominee Director
Ms. Avantika Singh AulakhNon-Executive - Nominee Director
Mr. Sundeep BhutoriaNon-Executive - Independent Director
Ms. Bhaswati MukherjeeNon-Executive - Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹284.5 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹287.0	+2	+0.7%	₹287.0	15,222	-76	610	1900
23 Nov 2026	₹287.1	+0.6	+0.2%	₹287.2	75	+5	17	1900
29 Dec 2026	₹287.2	0	0%	₹289.0	0	0	0	1900

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

31

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	240

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 15 fund houses

Held by these funds

9.88%

of the company's equity

All mutual funds

12.09%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

85 schemes · 15 fund houses

		Shares
Portfolio of Kotak Flexi Cap FundNEW	Kotak Mahindra Mutual Fund	2.6 Cr	781.56	1.39%	1.733%	—
Parag Parikh Flexi Cap Fund	PPFAS Mutual Fund	2.34 Cr	703.52	0.48%	1.56%	+82.38 L
Energy Opportunities Fund	SBI Mutual Fund	1.32 Cr	397.37	4.77%	0.881%	-0
Contra Fund	SBI Mutual Fund	1.08 Cr	325.48	0.68%	0.722%	-66.47 L
Large & Mid Cap Fund	DSP Mutual Fund	76.83 L	230.94	1.25%	0.512%	-0
Flexi Cap Fund	Bajaj Finserv Mutual Fund	54.7 L	164.44	1.9%	0.365%	-0
Portfolio of Kotak Large & Mid Cap FundNEW	Kotak Mahindra Mutual Fund	50 L	150.3	0.46%	0.333%	—
Aggressive Hybrid Fund	DSP Mutual Fund	49.9 L	150.01	1.28%	0.333%	-0

1–8 of 85

1 / 11

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

29 announcementsExport CSV

3 Sept 2026, 4:49 pmCompany Update

Schedule Of Conference Call To Be Attended By PLL

General PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	14%	20.5%	14.1%	9.9%	11.9%	13.1%	14.7%
EBITDA margin %	11.3%	18.1%	12.2%	8.1%	9.9%	10.8%	12.3%
EBIT margin %	9.1%	15.1%	10.4%	6.8%	8.4%	9.3%	10.3%
PAT margin %	7.6%	11.3%	8%	5.8%	6.9%	7.8%	9%
Working capital
Receivable days	—	26	23	23	25	23	9
Inventory days	—	6	6	8	12	10	9
Payable days	—	18	15	11	23	21	7
NWC days	—	14	13	20	14	12	10
Leverage
Current ratio	—	3.93	3.18	4.08	3.1	3.74	5.67
Debt to EBITDA	—	0	0	0	0	0	0
Debt to equity	—	0	0	0	0	0	0
Interest coverage	8.9	12.8	15.4	14	17.4	21.3	22.6
Asset turnover	—	1.36	2.02	2.63	2.07	1.87	1.59
Return ratios
Return on assets %	—	15.4%	16.1%	15.2%	14.3%	14.6%	14.3%
Return on capital employed %	—	25.2%	27.4%	24%	24.4%	24.6%	22.1%
Return on equity %	—	24.9%	25.2%	22.7%	21%	20%	17.6%

Calls	Strike	Puts
0	0	0	₹0.0	240

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Adani Total Gas LimitedATGLATGL	₹64,124 Cr	₹66,292 Cr	₹6,817 Cr	₹1,172 Cr	18.6%	₹632 Cr	10.2%	14.7%	14.5%	-0
Petronet Lng LimitedPETRONETPETRONET	₹42,825 Cr	₹42,825 Cr	₹37,173 Cr	₹5,711 Cr	12.3%	₹4,208 Cr	9%	22.1%	18.6%	10
Gujarat Energy LimitedGUJENERGYGUJENERGY	₹21,585 Cr	₹24,645 Cr	₹23,618 Cr	₹2,884 Cr	12.5%	₹1,706 Cr	6.9%	17%	15%	16
Indraprastha Gas LimitedIGLIGL	₹19,991 Cr	₹20,017 Cr	₹18,563 Cr	₹1,627 Cr	10.3%	₹1,354 Cr	8.7%	14.5%	14%	-11
Mahanagar Gas LimitedMGLMGL	₹10,329 Cr	₹10,329 Cr	₹9,382 Cr	₹1,293 Cr	16%	₹715 Cr	9.3%	17.3%	13.7%	-9
Gspl Transmission LimitedGSPLTRANSGSPLTRANS	₹4,290 Cr	—	—	—	—	—	—	—	—	—
Confidence Petroleum India LimitedCONFIPETCONFIPET	₹2,859 Cr	₹3,361 Cr	₹6,001 Cr	₹407 Cr	7.4%	₹134 Cr	2.1%	10.5%	6.7%	26
Irm Energy LimitedIRMENERGYIRMENERGY	₹1,059 Cr	₹1,109 Cr	₹1,229 Cr	₹148 Cr	9.7%	₹73 Cr	4.6%	8.6%	5.5%	-4

Date	Category	Subject	Filing
3 Sept 2026, 4:49 pm	Company Update General	Schedule Of Conference Call To Be Attended By PLL	PDF
2 Sept 2026, 6:15 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF
2 Sept 2026, 5:39 pm	AGM/EGM AGM	28Th Annual General Meeting On 28 September 2026 At 3:00 P.M. (IST) Through VC/ OAVM	PDF
2 Sept 2026, 5:34 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
27 Aug 2026, 3:31 pm	AGM/EGM AGM	Intimation Regarding: A) 28Th Annual General Meeting Of The Company; B) E-Voting And Cut-Off Date; C) Details Regarding Dividend Payment	PDF
25 Aug 2026, 9:44 pm	Company Update General	Schedule Of Analyst Meet Proposed To Be Attended By PLL	PDF
19 Aug 2026, 4:30 pm	Company Update Earnings Call Transcript	Announcement under Regulation 30 (LODR)-Earnings Call Transcript	PDF
19 Aug 2026, 4:09 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,559	3,469	2,569	4,871	4,398	4,750
	-927	-1,053	-1,192	-1,056	-3,189	-1,472
	-2,759	-2,211	-2,368	-2,154	-2,152	-2,200
Net cash flow	-127	205	-991	1,661	-942	1,078
Free cash flow	3,486	3,397	1,514	4,030	2,946	2,238
CFO / Operating profit %	75.4%	66.1%	52.9%	93.6%	79.6%	89%

Petronet Lng Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

3

31

Fund holders

Documents

Announcements

Events

Announcements

3

31

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

27

1

1

Compounded sales growth

Compounded profit growth

Return on equity

Petronet Lng Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures3

Option chain31

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Futures3

Option chain31

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends27

Board meetings1

Bonus issues1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

31

3

31

27

1

1