AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 3 Sep - Petronet LNG to hold 28th AGM on 28 September 2026; final dividend Rs. 3 per share record date 12 June 2026.
Source: Bse
Petronet LNG Limited (PETRONET)
Large CapEnergy stocks · Large cap · NSE
Petronet LNG Limited operates two LNG regasification terminals in India, Dahej (Gujarat) and Kochi (Kerala), facilitating the import, storage, and regasification of liquefied natural gas for distribution to various consuming sectors across the country.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Latest result16 Aug, 01:32 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Energy P/E 11.4 (n=18)
Technical timing lens
Trend score and candlestick chart
56Neutralfull bull SMA stack · MACD + · sector -3.5pp vs Nifty 500 (3M)
Stock trend: 72
Sector RS: 31
Sector 3M: -9.1% vs Nifty 500 -5.6%
Energy FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
PETRONETD candles · FIT view+7.4%Latest close ₹293.65 on 2026-10-19
Bar
+0.8%
RSI
55
MACD hist
0.37
52W pos
64%
2026-10-19O ₹291.35H ₹295.40L ₹291.05C ₹293.65Vol 13.3L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
PETRONETNifty EnergyNifty 500
- PETRONET
- +6.8%
- Nifty 500
- -5.6%
- Nifty Energy
- -9.3%
- Vs Nifty 500
- +12.3 pp
Chart stats
19 Oct 2026- From 52W high
- -10.0%
- 52W range position
- 64%
- ATR (14)
- 2.0%
- Volume vs 20D
- 0.60x
- Avg traded value
- ₹61.6 Cr
- 20D price channel
- ₹280.3 - ₹299.6
₹326.4
₹235.4 - ₹326.4
₹5.9
Latest completed session
20-session average
22.4% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE56
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average30
Revenue -53.2% · PAT +35.0% YoY
Technical
Neutral56
Price trend and sector-relative-strength timing.
Valuation
Legacy model+25.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence72
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 30/100Rev -53% YoY · PAT +35% YoY · margin expansion · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹5,558 Cr | -53.2% | -41.1% |
| EBITDA | ₹1,535 Cr | +32.4% | -17.5% |
| Operating margin | 28.0% | +1800 bps | +800 bps |
| PAT | ₹1,137 Cr | +35.0% | -17.1% |
| PAT margin | 20.5% | +1337 bps | +594 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 10.50
- P/B
- 1.97
- EV/EBITDA
- 7.10
- Market Cap
- 44093.00Cr
Profitability
- ROE
- 18.30%
- ROCE
- 22.60%
- ROA
- 15.32%
- Dividend Y
- 3.40%
Growth (CAGR)
- Revenue 5Y
- 11.00%
- EPS 5Y
- 6.00%
- Revenue 3Y
- -10.00%
- EPS 3Y
- 5.00%
Balance Sheet
- Debt/Equity
- 0.11
- Interest Coverage
- 24.94×
- Altman Z
- 8.49
- Book Value
- 149.00
Cash Flow
- FCF Yield
- 3.54%
- FCF Positive Y
- 10/5
- OCF
- 4750.00 Cr
- EPS TTM
- 28.06
Shareholding
- Promoter Hold
- 50.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 65%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 5,558-41.1% vs prev
Net Profit
₹ CrLatest: 1,137-17.1% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bullish setupTrend is constructive — long-term uptrend intact. RSI 55.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 55 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 10% off 52W high · 25% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
74
RS percentile
Stage 3 Topping
1M return
+0.4%
3M return
+6.8%
6M return
+5.0%
1Y return
+5.7%
RS 1D
+3
RS 20D
+14
Sector rank
#6
Industry rank
-
Stage evidence
- 9.2% below the 52-week closing high after prior strength.
- The 30-week proxy has stalled (-0.3% over 20 sessions).
- Price has not yet confirmed a full Stage 4 downtrend.
50-DMA
price above
200-DMA
price above
Sector
neutral
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 113.37+1.26%
RS vs Nifty 500113
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation14/30
Growth8/25
Quality12/20
Balance Sheet11/15
Cash Flow6/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
56
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
56/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 3.5%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 25.7%.
Main drags
- Growth is weaker at 8/25; verify the latest quarterly trend.
- Valuation is weaker at 14/30; verify the latest quarterly trend.
- Quality is weaker at 12/20; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
10.5
PB
2.0
EV/EBITDA
7.1
ROE
18.3%
ROCE
22.6%
FCF Yield
3.5%
Debt/Equity
0.1
MoS
+25.7%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
56
Previous: 56
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+25.7%
Previous: +25.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
56
56
56
58
58
56
56
56
56
56
56
56
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹306.71
+4.3% MoS
Growth-justified P/E
14.1
Growth-justified Value
₹395.37
+25.7% MoS
PEG
1.88
Comparable companies
Peers
Business-comparable peers in Energy — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MGL
Large
Mahanagar Gas Limited
Gas Distribution
match 92
30
14.3
12.2%
-111%
OVERVALUED
OIL
Mid
Oil India Limited
Gas Distribution
match 89
61
8.7
12.2%
+58%
UNDERVALUED
PIGL
Small
Power & Instrumentation (Gujarat) Limited
Gas Distribution
match 71
49
13.7
10.8%
+47%
FAIR VALUE
CHENNPETRO
Large
Chennai Petroleum Corporation Limited
Oil Refining & Marketing
match 23
97
5.0
31.8%
+70%
DEEP VALUE
AEGISVOPAK
Large
Aegis Vopak Terminals Limited
Oil & Gas
match 23
26
115.0
11.0%
-430%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-06-13T07:55:07.935Z
Management commentary snapshot
Q4 FY26 saw highest-ever quarterly PBT (INR 1,795 cr) and PAT (INR 1,338 cr), boosted by INR 630 cr Use of Pay dues. Dahej utilization was 90.1% (Q4), but March dropped to 53% due to Gulf crisis. FY26 PAT was INR 3,843 cr, slightly down YoY.
While Q4 FY26 financials were strong, aided by one-time UOP payments, operational performance is under stress due to the ongoing Gulf crisis impacting Qatar LNG supplies. Dahej utilization dropped significantly in March and remains low in April/May. Management is optimistic about a quick resolution and new contracts, but the near-term outlook is uncertain. The large capex for the petchem project and new terminals adds execution risk.
Growth engines
Increasing Indian Gas Demand
Indian gas demand continues to grow, with the power sector coming back, supporting increased terminal utilization.
New LNG Supply Contracts
New contract with ExxonMobil Asia Pacific Pte Ltd (0.5 MTPA) started in April. Equinor contract (part of Deepak Fertilizers group) first cargo scheduled for May 12. Total new volumes ~1 MTPA this year.
Kochi-Bangalore Pipeline Completion
GAIL has pushed the timeline to September 2026 (first half of FY27), expected to open new markets and connect to the national gas grid, increasing Kochi utilization.
Capacity and execution
Dahej Terminal Expansion
Capacity expanded from 17.5 to 22.5 MTPA. Entire expansion capacity, except one facility, commissioned and capitalized (INR 390 crore capitalized in Q4, balance INR 100 crore in Q1 FY27).
Petrochemical Plant Project
Project is on track, with major capital equipment imports from Japan, Korea, China, Europe, and US. FY27 capex target is ~INR 7,500 crore. FY26 capex was ~INR 1,650 crore.
Third Jetty Construction
Around INR 600 crore planned for the third jetty.
Gopalpur Terminal Development
Planning to start construction activities in current year, with ~INR 300-400 crore spend. Will construct two tanks.
Tailwinds
Lowering Spot LNG Prices
Spot prices moving to $15-$17 from $25 immediately after the crisis, supporting increased utilization.
Diversification of Global LNG Supply
New supplies from US, Oman, Mozambique, Nigeria, Congo, Mauritania, and Senegal are adding up, supporting the market.
India's Long-Term LNG Deals
India has closed 10-12 million tons of long-term deals from various sources over the last 2-3 years, including portfolio players and US/Australia-based companies.
Headwinds
Gulf Region Crisis Impact
Ongoing crisis in the Gulf region led to a significant drop in Dahej utilization to 53% in March, and similar levels in April/May.
Uncertainty of Qatar LNG Supplies
Qatar Energy supplies were not coming in March, and resumption depends on the conflict ending, with a 3-4 week restart time.
Land Availability for Dahej Expansion
Land is an issue for putting up additional storage tanks at Dahej, though actively scouting for parcels.
Risk radar
Prolonged Gulf Conflict
If the conflict continues, it poses challenges to volumes, despite increasing third-party cargoes and new contracts.
Supply Chain Disruptions
Time charter vessels are specifically for Qatar cargo; their utilization is impacted by supply disruptions.
Project Execution Risk
Large capex for petchem and new terminals (Gopalpur, Kochi tank) introduces execution and commissioning risks.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
YoY comparison shows overall growth and annual performance, while QoQ is crucial to assess the immediate impact of the Gulf crisis on volumes and utilization, and sequential recovery momentum.
Sector KPIs management disclosed
Q4 FY26 Overall LNG Volume Processed
219 TBTU (vs 233 TBTU QoQ, 205 TBTU YoY)
Q4 FY26 Dahej LNG Throughput
201 TBTU (vs 214 TBTU QoQ, 189 TBTU YoY)
Q4 FY26 Dahej Capacity Utilization
90.1% (vs 93.8% QoQ, 85.2% YoY)
March 2026 Dahej Capacity Utilization
Around 53%
Management forward view
Optimistic on Qatar Supply Resumption
Management is hopeful that the Gulf conflict will end soon, and Qatar Energy can resume supplies within 3-4 weeks, potentially from early June.
Aim to Recover Lost Volumes
Talking to Qatar to make good whatever volumes were lost during the current year.
Strategic Storage Expansion
Thinking about developing more tanks for strategic storage across India and at Petronet terminals to mitigate crisis impacts.
Maintain Dividend Levels
Endeavor is to maintain the same level of dividend in absolute terms, despite expansion plans.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Dahej Terminal Utilization | 53% in March, similar in April/May | Recovery towards pre-crisis levels (90%+) and sustained improvement from third-party cargoes. |
| Qatar LNG Supply Resumption | Disrupted due to Gulf crisis | Official announcement of conflict resolution and restart of supplies from Qatar Energy. |
| Petrochemical Project Progress & Capex | On track, FY27 capex target ~INR 7,500 crore | Adherence to capex targets and commissioning timelines, avoiding cost overruns. |
| Kochi-Bangalore Pipeline Commissioning | GAIL timeline pushed to September 2026 | Timely completion and subsequent ramp-up in Kochi terminal utilization. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Show extracted source claims
capex timelinenot yet verifiablequantified
Total capex for FY '26 will be around INR5,000 crores, with petrochemicals being the major share.
Timeframe: FY '26
"total capex will be around INR5,000 crores"
capex timelinenot yet verifiablequantified
Petronet LNG will add 5 MMTPA capacity to the Dahej terminal.
Timeframe: by March 2026Direction: increase
"we'll be adding 5 MMTPA capacity by March 2026"
project executionnot yet verifiable
The final leg of the Kochi-Bangalore pipeline is hoped to be connected to the natural gas grid.
Timeframe: within this financial yearDirection: completionConfidence: hoping
"we are hoping that within this financial year that the pipeline should get connected"
project executionnot yet verifiable
The ExxonMobil contract for Kochi terminal will start implementation from the next financial year.
Timeframe: next financial yearDirection: start
"contract with ExxonMobil, which we are going to start implementing from next financial year"
Trust Score
72Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 69th percentile of the scored universe and 42nd percentile within Energy. Main check: results consistency is weak at 33/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 20 Oct 2026
management-trust-v1
38 docs text-extracted · 36 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
69th percentile
overall median 67 · Energy: 42nd pctile, median 73 · Large: 46th pctile, median 73
Evidence depth
Financial-only
38 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
4 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
72
acceptable · capital discipline
Results
33
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 3.5%.
- ▸10 years of positive FCF.
- ▸ROCE is 22.6%.
Trust risks
- ▸ROCE trend is -2.1%.
- ▸0/4 latest quarters had positive YoY revenue growth.
- ▸OPM spread across recent quarters is 19%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Petronet LNG Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Aug - Post-Results Conference Call scheduled to be held on Thursday, 13.08.2026 at 1730 IST is attached herewith.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.