Petronet LNG shares up 0.92% as Nifty drops

NEW DELHI: Shares of Ltd. traded 0.92 per cent up in Friday’s trade at 10:56AM (IST). Around 62,281 shares changed hands on the counter.

The counter opened at Rs 224.05 and touched an intraday high and low of Rs 226.1 and Rs 223.85, respectively, in the session so far. Shares of the company of Petronet LNG Ltd. quoted a 52-week high of Rs 280.0 and a 52-week low of Rs 207.4.

Total market cap of the Petronet LNG Ltd. stood at Rs 33787.5 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 7624.47 crore for the quarter ended 31-Mar-2021, up 2.65 per cent from previous quarter’s Rs 7427.9 crore and up 11.89 per cent from the year-ago quarter’s Rs 8653.63 crore.

The net profit for latest quarter stood at Rs 637.92 crore, up 70.93 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2021, DIIs held 6.3 per cent stake in the firm, while foreign institutional investors held 30.5 per cent and the promoters 50.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 11.5 and a price-to-book ratio of 2.7. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Petronet LNG Ltd. belongs to the Gas Storage & Distribution industry.

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