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PETRONET - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 4.0

Stock Code PETRONET Market Cap 42,239 Cr. Current Price 281 ₹ High / Low 326 ₹
Stock P/E 11.8 Book Value 137 ₹ Dividend Yield 3.56 % ROCE 26.2 %
ROE 21.4 % Face Value 10.0 ₹ DMA 50 281 ₹ DMA 200 287 ₹
Chg in FII Hold -1.73 % Chg in DII Hold 1.80 % PAT Qtr 806 Cr. PAT Prev Qtr 851 Cr.
RSI 48.7 MACD 1.53 Volume 5,67,303 Avg Vol 1Wk 25,77,515
Low price 264 ₹ High price 326 ₹ PEG Ratio 2.28 Debt to equity 0.12
52w Index 28.2 % Qtr Profit Var -4.94 % EPS 24.0 ₹ Industry PE 19.8

📊 Core Financials

  • Revenue & Profitability: Quarterly PAT at ₹806 Cr. vs. ₹851 Cr. previously, showing a slight decline (-4.94%). EPS at ₹24.0 reflects solid earnings power.
  • Return Metrics: ROE at 21.4% and ROCE at 26.2% highlight strong capital efficiency and profitability.
  • Debt Position: Debt-to-equity ratio at 0.12 indicates low leverage, ensuring financial stability.
  • Cash Flow: Dividend yield of 3.56% provides attractive shareholder returns.

💹 Valuation Indicators

  • P/E Ratio: 11.8, significantly lower than industry average of 19.8, suggesting undervaluation.
  • P/B Ratio: Current Price ₹281 vs. Book Value ₹137 → ~2.05, trading at a reasonable premium.
  • PEG Ratio: 2.28, slightly expensive relative to growth prospects.
  • Intrinsic Value: Strong fundamentals and low P/E suggest intrinsic value is higher than current price, offering margin of safety.

⛽ Business Model & Competitive Advantage

  • Petronet LNG operates in natural gas and LNG regasification, a critical energy infrastructure sector.
  • Competitive advantage lies in long-term contracts, strategic partnerships, and strong demand for cleaner energy sources.
  • High ROE and ROCE demonstrate operational efficiency and profitability resilience.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between ₹265–285, near 52-week low and fair valuation levels.
  • Long-Term Holding: Suitable for investors seeking stable returns and dividends; strong fundamentals support long-term compounding in the energy sector.

Positive

  • Strong ROE (21.4%) and ROCE (26.2%).
  • Low debt-to-equity ratio (0.12), ensuring financial stability.
  • Dividend yield at 3.56% provides steady income.
  • DII holdings increased (+1.80%), showing domestic institutional confidence.

Limitation

  • Quarterly PAT declined (-4.94%).
  • PEG ratio at 2.28 suggests expensive growth-adjusted valuation.
  • Stock trading near DMA 50 (₹281) and DMA 200 (₹287), indicating sideways trend.

Company Negative News

  • FII holdings reduced (-1.73%), showing lower foreign investor confidence.

Company Positive News

  • Strong dividend yield supports investor sentiment.
  • DII holdings increased significantly (+1.80%).
  • MACD positive (1.53), signaling mild bullish momentum.

Industry

  • Energy sector industry P/E at 19.8, higher than Petronet’s 11.8, highlighting undervaluation.
  • Sector outlook supported by rising demand for natural gas and cleaner energy alternatives.

Conclusion

  • Petronet LNG demonstrates strong fundamentals, high efficiency, and attractive dividend yield.
  • Despite slight profit decline, low P/E and strong returns make it undervalued relative to peers.
  • Accumulation near ₹265–285 is recommended, with strong potential for long-term compounding and stable dividend income.

I can also create a peer comparison with other energy sector companies like GAIL, ONGC, and IGL to highlight how Petronet stacks up in terms of valuation, profitability, and dividend yield. Would you like me to prepare that?

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