📌 At a glance:
- FY25 PAT: ₹2,218 crore (–16.5% YoY)
- Revenue: ₹41,546 crore (–18% YoY)
- Q4 PAT: ₹561 crore (–20.6% YoY)
- CMP: ₹314.25 (–2.04% today)
🏭 About the Company
Petronet LNG Ltd is India’s largest LNG importer. It operates terminals at Dahej and Kochi, supplying LNG to power plants, fertiliser units, and city gas companies. When India wants to breathe fire through a pipeline, Petronet does the delivery.
👷♂️ Key Personnel
- MD & CEO: Akshay Kumar Singh
📊 FY25 Financials Summary
| Metric | FY25 | FY24 | YoY Change |
|---|---|---|---|
| Revenue | ₹41,546 cr | ₹50,672 cr | –18% |
| PAT | ₹2,218 cr | ₹2,657 cr | –16.5% |
| Q4 Revenue | ₹9,331 cr | ₹11,298 cr | –17.4% |
| Q4 PAT | ₹561 cr | ₹706 cr | –20.6% |
📉 What Went Wrong
- Lower offtake from power and fertiliser customers
- Global LNG prices stabilized = lower trading margin
- Kochi terminal underutilized as usual
📈 Forward FV Estimate
- FY27E PAT = ₹2,600 cr (flat growth)
- P/E = 12x → Target MCap = ₹31,200 cr
- Shares = ~150 cr → FV/share = ₹208
- CMP = ₹314.25 → Fully priced and more
⚠️ Risk Factors
- Tariff-based model = low pricing power
- Slow capacity ramp-up at Kochi & new terminals
- Heavily reliant on policy and global LNG arbitrage
🧠 EduInvesting Take
- Petronet is like a giant ship — stable, slow, and boring AF
- Profits falling, demand tepid, no real narrative — yet investors hope for a turnaround
- Verdict: “Good for safety seekers, but don’t expect gas in your portfolio.”
🎯 Bonus Tip:
- Strong dividend payer (~4.5% yield)
- Good candidate for defensive allocation, not alpha hunting
