Petronet LNG shares down 0.57% as Nifty drops

NEW DELHI: Shares of Petronet LNG Ltd. traded 0.57 per cent down in Tuesday's trade at 01:54PM (IST). Around 26,481 shares changed hands on the counter.

The stock opened at Rs 219.5 and touched an intraday high and low of Rs 219.5 and Rs 214.2, respectively, in the session so far. Shares of the company of Petronet LNG Ltd. quoted a 52-week high of Rs 243.0 and a 52-week low of Rs 190.3.

Total market cap of the Petronet LNG Ltd. stood at Rs 32730.0 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 11241.74 crore for the quarter ended 31-Mar-2022, down 11.27 per cent from previous quarter's Rs 12669.14 crore and down 47.44 per cent from the year-ago quarter's Rs 7624.47 crore.

The net profit for latest quarter stood at Rs 790.98 crore, up 23.99 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2022, domestic institutional investors held 3.16 per cent stake in the company, while foreign institutional investors held 33.6 per cent and the promoters 50.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 9.67 and a price-to-book ratio of 2.13. 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.