PETRONETOil Gas & Consumable Fuels

Petronet LNG Limited

LPG/CNG/PNG/LNG Supplier · ISIN INE347G01014 · BSE 532522 · NSE EQ · FV ₹10
Last price
₹311
+2.64%today
What this company does

Petronet LNG Limited operates in LPG/CNG/PNG/LNG Supplier, part of the Oil Gas & Consumable Fuels sector. It booked ₹7,202 cr of revenue in its latest quarter (Q2 FY27) and kept 17.4% of sales as profit. It is the 2nd largest of 7 LPG/CNG/PNG/LNG Supplier companies we track, by market value.

In the report:
77out of 100
Equitytale Health Score
Solid

Healthier than 77% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 655–2,932 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
61

At close. Not part of the score.

Profitability & returns80

How much profit it earns on the money it employs

Balance sheet92

How much it owes, and whether earnings cover the interest

Cash quality78

Whether reported profit actually arrives as cash

Growth & consistency40

Whether sales and profit have grown, and how steadily

Valuation71

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Strong 17% net margin
✓ Profit up 51% vs last year
✓ Promoters hold 50%
✓ No promoter shares pledged
✓ Strong 21% return on equity
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
! Sales down 35% vs last year

What if I invest in PETRONET?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹311▲ +2.64%
latest close · 2026-11-04
1-year return
+31.7%
52-wk low ₹19052-wk high ₹312
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio9.3Low
LowAverageHigh
P/B ratio1.93Moderate
Below bookModerateHigh
EV / EBITDA5.9Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity20.7%Strong
WeakFairStrong ▸15%
Return on capital25.6%Strong
WeakFairStrong
Net margin17.4%Strong
ThinDecentStrong
EBITDA margin26.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover34.4×Strong
RiskyOkayStrong ▸5×
Current ratio4.29Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹46,650 cr
Book value
₹162
EPS
₹8.38
latest quarter
Net debt
₹-2,239 cr
more cash than debt
Enterprise value
₹44,411 cr
EBITDA
₹7,579 cr
annualised
EBIT
₹6,832 cr
annualised
Operating margin
23.7%
Return on assets
16.7%
Earnings yield
10.78%
P/S
1.62
Sales / share
₹192.1
Tax rate
25.5%
Face value
₹10
Shares
150.0 cr
Working capital
₹11,439 cr
Current assets
₹14,913 cr
Current liabilities
₹3,474 cr
Delivery %
59.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Slightly expensiveHigh confidence
Median of 3 models ₹261 vs market price ₹311 — price is 19% above it
Safety cushion-19.3%(target ≥ +20%)
Models span ₹169–₹313, midpoint ₹261
Model ₹261
Price ₹311
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹7,202 cr
Other Income₹233 cr
Total Income₹7,435 cr
Cost of Materials₹5,146 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹64 cr
Finance Costs₹50 cr
Depreciation & Amortisation₹187 cr
Other Expenses₹331 cr
Total Expenses₹5,777 cr
Profit before Tax₹1,658 cr
Tax Expense₹424 cr
Share of JV / Associates₹22 cr
Net Profit₹1,256 cr
Net margin on total income16.9%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹5,146 cr69.0%
Employee benefit expense₹64 cr0.9%
Finance costs₹50 cr0.7%
Depreciation & amortisation₹187 cr2.5%
Other expenses₹331 cr4.4%
Tax expense₹424 cr5.7%
Profit for the period₹1,256 cr16.8%
Total income ₹7,435 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue9,442 cr5,558 cr7,202 cr
Total income9,642 cr5,765 cr7,435 cr
Expenses7,848 cr4,275 cr5,777 cr
Profit before tax1,794 cr1,491 cr1,658 cr
Tax457 cr383 cr424 cr
Net profit (owners' share)1,371 cr1,137 cr1,256 cr
Net margin (owners' share, on revenue)14.5%20.5%17.4%
EPS (₹)9.147.588.38
YoY (latest quarter): total income -33.9% · net profit +51.3%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹30,136 cr
Shareholder equity
₹24,228 cr
parent shareholders
Total debt
₹0 cr
Cash
₹2,239 cr
Cash flow · H1 FY27
Operating
₹2,984 cr
Investing
₹-2,113 cr
Financing
₹-491 cr
Peer comparison
LPG/CNG/PNG/LNG Supplier · by market value
CompanyPriceMarket capP/E
Adani Total Gas Limited₹550₹60,478 cr87.0
Petronet LNG Limitedthis company₹303₹45,450 cr9.0
GUJARAT ENERGY LIMITED₹219₹20,554 cr5.1
Indraprastha Gas Limited₹133₹18,659 cr208.3
Mahanagar Gas Limited₹1,056₹10,430 cr13.5
Confidence Petroleum India Limited₹56₹1,866 cr7.6
IRM Energy Limited₹224₹921 cr9.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
3.22%
trailing 12 months
Dividend / share (TTM)
₹10
Last dividend
₹3
ex 12 Jun 2026
ActionDetailEx-date
Dividend₹3 / share12 Jun 2026
Dividend₹7 / share14 Nov 2025
Dividend₹3 / share4 Jul 2025
Dividend₹7 / share8 Nov 2024
Dividend₹3 / share12 Jul 2024
Dividend₹7 / share10 Nov 2023
Who owns it · 2026-09-30
No pledge
Promoter
50.0%
FII / Foreign
26.0%
DII / Domestic
14.2%
Retail / others
9.8%
Smart-money activity
Bulk / block deals
short— · NSE1,31128 Oct 26
short— · NSE80827 Oct 26
short— · NSE22526 Oct 26
Stake changes
SoldSBI Mutual fund under its Various Schemes→ 2.78% · 68.78 L11 Jun 26
BoughtSBI Mutual Fund Under its Various Schemes→ 5.02% · 1.95 L12 Jan 24
SoldFunder under the management of FMR LLC and its direct and indirect subsidiaries and FIL Limited and its direct and indirect subsidiaries→ 2.97% · 3.05 cr7 Nov 23
What shareholders were asked to approve
4 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 28 Sep 2026
See the official result
1
To receive, consider and adopt (a) the Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2026 together with the Reports of the Board of Directors (along with Annexures thereto) and of the Independent Statutory Auditors thereon (b) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March 2026 together with the Report of the Independent Statutory Auditors thereon
Backed by 99% of shareholders other than promotersneeded 50%
52.10 cr votes for, 48.10 L against · 1% of mutual funds and other big investors said no
2
To consider declaration of final dividend on equity shares for the financial year 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
53.32 cr votes for, 50,953 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Shri Arun Kumar Singh (DIN: 06646894), who retires by rotation and, being eligible, offers himself for reappointment as the Nominee Director - ONGC of the Company
⚑ Passed only because promoters voted yes
Backed by 28% of shareholders other than promotersneeded 50%
14.92 cr votes for, 38.41 cr against · 72% of mutual funds and other big investors said no
4
To appoint a Director in place of Shri Arvinder Singh Sahney (DIN: 10652030), who retires by rotation and, being eligible, offers himself for reappointment as Nominee Director – IOCL of the Company
⚑ Passed only because promoters voted yes
Backed by 39% of shareholders other than promotersneeded 50%
20.67 cr votes for, 32.66 cr against · 61% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 50.0% between them · as of 2026-09-30
BHARAT PETROLEUM CORPORATION LTD12.50%
GAIL (INDIA) LIMITED12.50%
INDIAN OIL CORPORATION LIMITED12.50%
OIL AND NATURAL GAS CORPORATION LIMITED12.50%
Business done with them
FY2025 · 4 of the group
The company paid ₹758 cr to companies in the promoter group last year — about 1.5% of its ₹50,982 cr revenue and received ₹49,661 cr back from them.
GAIL (INDIA) LIMITED
Sold goods to them · Income from sale of RLNG, Income from regasification services, Expenses towards lease payments and other services, Reimbursement of expenses received, Dividend Paid, Revenue received in advance, Trade Receivables
also owns 12.50% of the company
₹25,227 cr
company received
INDIAN OIL CORPORATION LIMITED
Sold goods to them · Income from sale of RLNG, Income from regasification services and other operating revenue, Income from Use or pay charges, Expenses towards lease payments and other services, Dividend Paid, Revenue received in advance, Trade Receivables, Provision carried towards doubtful trade receivables
also owns 12.50% of the company
₹14,137 cr
company received
BHARAT PETROLEUM CORPORATION LIMITED
Sold goods to them · Income from sale of RLNG, Income from regasification services and other operating revenue, Income from Use or pay charges, Expenses towards lease payments and other services, Dividend Paid, Revenue received in advance, Trade Receivables, Provision carried towards doubtful trade receivables
also owns 12.50% of the company
₹6,973 cr
company received
GAIL (INDIA) LIMITED
Provided services to them · Income from sale of RLNG, Income from regasification services, Expenses towards lease payments and other services, Reimbursement of expenses received, Dividend Paid, Revenue received in advance, Trade Receivables
also owns 12.50% of the company
₹1,510 cr
company received
OIL AND NATURAL GAS CORPORATION LIMITED
Sold goods to them · Income from sale of RLNG, Other operating revenue, Re-imbursement of expenses received, Dividend Paid, Trade Receivables
also owns 12.50% of the company
₹997 cr
company received
INDIAN OIL CORPORATION LIMITED
Provided services to them · Income from sale of RLNG, Income from regasification services and other operating revenue, Income from Use or pay charges, Expenses towards lease payments and other services, Dividend Paid, Revenue received in advance, Trade Receivables, Provision carried towards doubtful trade receivables
also owns 12.50% of the company
₹468 cr
company received
INDIAN OIL CORPORATION LIMITED
Other payments to them · Income from sale of RLNG, Income from regasification services and other operating revenue, Income from Use or pay charges, Expenses towards lease payments and other services, Dividend Paid, Revenue received in advance, Trade Receivables, Provision carried towards doubtful trade receivables
also owns 12.50% of the company
₹194 cr
company paid
BHARAT PETROLEUM CORPORATION LIMITED
Other payments to them · Income from sale of RLNG, Income from regasification services and other operating revenue, Income from Use or pay charges, Expenses towards lease payments and other services, Dividend Paid, Revenue received in advance, Trade Receivables, Provision carried towards doubtful trade receivables
also owns 12.50% of the company
₹188 cr
company paid
GAIL (INDIA) LIMITED
Other payments to them · Income from sale of RLNG, Income from regasification services, Expenses towards lease payments and other services, Reimbursement of expenses received, Dividend Paid, Revenue received in advance, Trade Receivables
also owns 12.50% of the company
₹188 cr
company paid
OIL AND NATURAL GAS CORPORATION LIMITED
Other payments to them · Income from sale of RLNG, Other operating revenue, Re-imbursement of expenses received, Dividend Paid, Trade Receivables
also owns 12.50% of the company
₹188 cr
company paid
BHARAT PETROLEUM CORPORATION LIMITED
Provided services to them · Income from sale of RLNG, Income from regasification services and other operating revenue, Income from Use or pay charges, Expenses towards lease payments and other services, Dividend Paid, Revenue received in advance, Trade Receivables, Provision carried towards doubtful trade receivables
also owns 12.50% of the company
₹147 cr
company received
BHARAT PETROLEUM CORPORATION LIMITED
Other income from them · Income from sale of RLNG, Income from regasification services and other operating revenue, Income from Use or pay charges, Expenses towards lease payments and other services, Dividend Paid, Revenue received in advance, Trade Receivables, Provision carried towards doubtful trade receivables
also owns 12.50% of the company
₹117 cr
company received
OIL AND NATURAL GAS CORPORATION LIMITED
Other income from them · Income from sale of RLNG, Other operating revenue, Re-imbursement of expenses received, Dividend Paid, Trade Receivables
also owns 12.50% of the company
₹84 cr
company received

The company also transacted with 12 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.