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India's largest LNG importer and regasification terminal operator, supplying re-gasified natural gas to industrial and gas-distribution customers.
India's largest LNG importer and regasification terminal operator, supplying re-gasified natural gas to industrial and gas-distribution customers.
Is paid a regasification fee for turning imported LNG back into gas, much of it under take-or-pay terms in which promoter companies pay for reserved capacity whether or not they use it. It also buys Qatari LNG under a long-term deal and sells it on. State-owned energy companies are its promoters and its biggest customers.
In one line: India's Cheniere Energy, on the import/regasification side.
Moat: wide (scale, installed base, regulatory licence). Owns India's largest LNG import terminal with long-term take-or-pay contracts, hard to replicate.
Headquarters: New Delhi, India · Founded: 1998 · Employees: 4,915
Size Petronet Lng (PETRONET.NS) is an India Energy company (Gas Distributors) with a market value of $5.02B, the 208th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹317.00 on 6 Nov 2026.
Performance Over six months the shares gained 12.4%, against -4.2% for the median peer and 0.0% for the India market (cap-weighted) — highest of 8 in its peer set.
Growth Revenue fell 29.6% over the last twelve months (peer median +14.6%); the operating margin is 16.4% (peer median 9.6%).
Valuation It trades at 11.3× forward earnings against a peer median of 15.3× (3rd cheapest of 8).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 16.2 points above its cost of capital (13.3% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹334B | ₹435B | ₹510B | ₹527B | ₹599B |
| Revenue growth | — | -15% | -3% | -12% | — |
| Gross profit | ₹61.7B | ₹49.4B | ₹53.3B | ₹49.7B | ₹47.2B |
| EBITDA | ₹62.8B | ₹56.4B | ₹56.7B | ₹53.4B | ₹51.9B |
| Net income | ₹46.3B | ₹39.1B | ₹39.7B | ₹36.5B | ₹33.3B |
| Free cash flow | n/a | ₹30.3B | ₹35.4B | ₹45.3B | ₹17.3B |
| Capital expenditure | n/a | ₹25.2B | ₹14.6B | ₹8.41B | ₹10.6B |
| Total debt | ₹21.2B | ₹23.4B | ₹26.6B | ₹30.1B | ₹33.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Petronet Lng PETRONET.NS | $5.02B | +12% | -30% | 16% | 11.3× | 0.9% |
| GAIL (India) GAIL.NS | $12.9B | +11% | +10% | 9% | 8.7× | 16.9% |
| Adani Total Gas ATGL.NS | $6.69B | -11% | +24% | 14% | 27.9× | n/a |
| Indian Oil IOC.NS | $21.9B | 0% | +23% | 7% | 20.8× | -2.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PETRONET.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.7% | -3.0% | 3rd highest of 8 |
| 6-month return | +12.4% | -4.2% | highest of 8 |
| Distance from 52-week high | -2.9% | -16.4% | 2nd highest of 8 |
| Revenue growth (TTM) | -29.6% | +14.6% | lowest of 8 |
| Operating margin | 16.4% | 9.6% | 2nd highest of 8 |
| Forward P/E | 11.3× | 15.3× | 3rd cheapest of 8 |
| Growth the price implies (Req g, 7 yrs) | 0.9% | 12.8% | least demanding of 7 |
| Growth delivered (Del g) | +10.8% | +23.3% | lowest of 7 |
| Hurdle (Req g minus delivered) | -9.9 pp | -7.4 pp | 3rd least demanding of 7 |
| ROIC minus cost of capital | +16.2 pp | -6.9 pp | highest of 8 |
| EV / EBITDA | 5.9× | 11.2× | cheapest of 8 |
| Net debt / EBITDA | -1.6× | 1.2× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Petronet Lng PETRONET.NS | India | $5.02B | +12% | -30% | 16% | 11.3× | 0.9% | +10.8% |
| Adani Total Gas ATGL.NS | India | $6.69B | -11% | +24% | 14% | 27.9× | n/a | n/a |
| Gujarat Energy GUJENERGY.NS | India | $2.15B | -46% | +43% | 10% | 7.6× | 8.7% | +19.1% |
| Indraprastha Gas IGL.NS | India | $2.10B | -16% | +15% | 3% | 19.3× | 27.0% | +26.8% |
| GAIL (India) GAIL.NS | India | $12.9B | +11% | +10% | 9% | 8.7× | 16.9% | +19.8% |
| Mahanagar Gas MGL.NS | India | $1.18B | -4% | +14% | 9% | 15.3× | 24.5% | +30.8% |
| Oneok OKE | United States | $53.7B | 0% | +38% | 15% | 14.3× | 4.2% | +31.8% |
| Targa Resources TRGP | United States | $56.7B | +7% | -1% | 25% | 21.7× | 7.2% | +15.8% |