Petronet LNG shares down 0.1% as Nifty drops

NEW DELHI: Shares of Petronet LNG Ltd. traded 0.1 per cent down in Thursday's trade at 11:57AM (IST). Around 15,790 shares changed hands on the counter.

The counter opened at Rs 201.7 and touched an intraday high and low of Rs 202.5 and Rs 200.7, respectively, in the session so far. Shares of the company of Petronet LNG Ltd. quoted a 52-week high of Rs 240.0 and a 52-week low of Rs 190.3.

Total market cap of the Petronet LNG Ltd. stood at Rs 30300.0 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 14388.0 crore for the quarter ended 30-Jun-2022, up 27.99 per cent from previous quarter's Rs 11241.74 crore and up 66.02 per cent from the year-ago quarter's Rs 8666.47 crore.

The net profit for latest quarter stood at Rs 724.84 crore, up 8.18 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2022, domestic institutional investors held 2.71 per cent stake in the firm, while foreign institutional investors held 34.83 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 8.67 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.