Petronet LNG Ltd. is one of the fastest-growing Indian government companies in the energy sector. It has established the country’s first LNG receiving and regasification terminal in Dahej, Gujarat, with a nominal capacity of 17.5 MMTPA. It was incorporated in 1998 with its headquarters in New Delhi. During FY 2021-2022, the company’s profit after tax was Rs 3,438.11 crore, up 16.97% from the previous financial year, 2020-2021. On 29 August 2022, Petronet LNG Ltd.’s market capitalisation stood at Rs 33,037 crore.
The company’s Bombay Stock Exchange listing code is 532522, and the National Stock Exchange listing code is PETRONET.
Petronet LNG Ltd. is a joint venture company promoted by Bharat Petroleum Corporation Ltd., Indian Oil Corporation Ltd., GAIL (India) Ltd., and Oil and Natural Gas Corporation Ltd. It has entered into a sale and purchase agreement (SPA) with Ras Laffan Liquified Natural Gas Company, Qatar, for supplying LNG to India.
Petronet LNG Ltd.’s shareholding pattern represented a promoter stake of 50%, a foreign institutional investor stake of 34.83%, a domestic institutional investor stake of 2.94%, and a public stake of 12.24%. Bharat Petroleum Corporation Ltd., GAIL (India) Ltd., Indian Oil Corporation Ltd., and Oil and Natural Gas Corporation Ltd. each have a promoter share of 12.5% in the company. In the June 2022 quarter, mutual funds decreased holdings from 3.16% to 2.71%, while FII increased holdings from 33.60% to 34.83%.
The company’s board of directors includes Mr Pankaj Jain, Mr Akshay Kumar Singh, Mr Vinod Kumar Mishra, Mr Pramod Narang, Mr Manoj Jain, Mr Sanjeev Kumar, Mr Sanjeev Mitla, Mr Sidhartha Pradhan, Mr Arun Kumar Singh, Mr Sundeep Bhutoria, and Dr Alka Mittal. The auditors of the company are T R Chadha & Co. On 30 June 2022, the company disclosed a total of 150.00 crore shares outstanding.
On 29 August 2022, Petronet LNG Ltd.’s share price on BSE was Rs 222.05, and on NSE, it was Rs 221.85. The company’s 52-week high share price was Rs 243.55, and the company’s 52-week low share price was Rs 190.25.
As of August 2022, Parag Parikh Conservative Hybrid Fund had a 1.91% stake in Petronet LNG Ltd.
The company’s peers include Reliance Industries Ltd., Oil and Natural Gas Corporation Ltd., Oil India Ltd., and Hindustan Oil Exploration Company Ltd.
Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: email@example.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose