Petronet LNG Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹43,425 Cr
- P/E
- 10.30
- ROE
- 18.30%
- PEG
- 2.03
- Price to sales
- 1.17
- Debt to equity
- 0.11
- 52W high / low
- ₹323 / ₹238
- Sales growth (5Y)
- 10.82%
- EBITDA margin
- 15.36%
- Net profit margin
- 8.87%
- Promoter holding
- 50.00%
- Sales (last year)
- ₹37,173 Cr
Petronet LNG Ltd was formed to develop, design, construct, own and operate Liquefied Natural Gas (LNG) Import and regasification terminals in India.[1]
Guidance scorecard · Q1 FY27 call
What Petronet LNG Ltd's management guided
and where it ranks in Gas
Gas
RevenueQ1 FY27 call
10–20%- Capacity utilization trends are expected to improve once the Strait of Hormuz reopens, enabling resumption of Qatari volumes, which is a key factor for volume growth.
- Current volumes are being supplemented by alternate cargo sourcing by customers under tolling contracts, a trend expected to continue during the Middle East conflict.
- New contracts such as with Deepak Fertilizers and ExxonMobil have commenced, adding incremental volumes—two cargoes brought in by Deepak Fertilizers since May 2026.
- The petrochemical plant project is on schedule with about 40% physical completion, expected to contribute to revenue growth once operational.
- Capex guidance for FY27 and FY28 is around INR 9,064 crores annually, supporting capacity expansion and growth.
2 more points from Petronet LNG Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Petronet LNG Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Petronet LNG's petrochemical (petchem) project is on schedule with about 40% physical progress completed as of August 2026.
- Capex spent on petchem during the quarter is approximately INR 470 crores.
- The total capex budgeted for FY27 is around INR 9,064 crores, with similar projections expected for FY28.
2 more points from Petronet LNG Ltd's call on capex
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FundraisingQ1 FY27 call
See what Petronet LNG Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Ongoing discussions and contract renewals with offtakers, especially related to the new Qatar contract starting in 2028.
- Contracts with Deepak Fertilizers and ExxonMobil have begun, adding volumes of about 0.5 million tons per annum for Deepak Fertilizers with two cargoes brought so far.
- Continued commitment to long-term and tolling contracts amidst Middle East supply disruptions, with alternate cargoes being sourced.
- The petrochemical project is on track, with about 40% physical completion, indicating capital investment order execution.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Gas
on management's own guidance
- IRM EnergyGood growth2
- Aegis Logistics LtdGood growth1
- GAIL (India)Moderate growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Gas companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Aegis Logistics Ltd | 20–40% | Flat | ₹47,972 Cr | 38.3 |
| 2 | IRM Energy | 20–40% | Flat | ₹1,060 Cr | 14.5 |
| 3 | GAIL (India) | 10–20% | Flat | ₹1.11L Cr | 11.2 |
| 4 | 10–20% | Flat | ₹63,718 Cr | 104.8 | |
| 5 | Petronet LNG LtdThis stock | 10–20% | Flat | ₹43,950 Cr | 10.4 |
| 6 | 10–20% | Flat | ₹20,887 Cr | 10.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Gas rankingPetronet LNG Ltd announcements
All announcements →- Acquisition / mergerNotablePetronet LNG signs binding term sheet with Gruner Renewable for CBG JV
- Acquisition / mergerNotablePetronet LNG approves JV with Gruner Renewable Energy for 10 CBG plants
Financials of Petronet LNG Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Petronet LNG Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 13,874 | 11,656 | 12,533 | 14,747 | 13,793 | 13,415 | 13,024 | 12,227 | 12,316 | 11,880 | 11,009 | 11,164 | 9,442 |
| Expenses + | 12,931 | 10,475 | 11,318 | 13,042 | 12,690 | 11,853 | 11,822 | 10,980 | 10,803 | 10,721 | 9,892 | 9,966 | 7,581 |
| Operating Profit | 943 | 1,182 | 1,215 | 1,705 | 1,104 | 1,562 | 1,202 | 1,247 | 1,512 | 1,159 | 1,117 | 1,198 | 1,861 |
| OPM % | 7% | 10% | 10% | 12% | 8% | 12% | 9% | 10% | 12% | 10% | 10% | 11% | 20% |
| Other Income + | 159 | 145 | 194 | 157 | 154 | 178 | 202 | 196 | 197 | 217 | 234 | 214 | 200 |
| Interest | 90 | 75 | 75 | 70 | 71 | 67 | 65 | 65 | 61 | 59 | 61 | 56 | 62 |
| Depreciation | 189 | 192 | 195 | 195 | 194 | 195 | 196 | 210 | 206 | 207 | 211 | 215 | 205 |
| Profit before tax | 823 | 1,060 | 1,140 | 1,597 | 992 | 1,479 | 1,142 | 1,169 | 1,443 | 1,110 | 1,079 | 1,141 | 1,794 |
| Tax % | 25% | 26% | 25% | 25% | 26% | 26% | 26% | 26% | 26% | 26% | 26% | 26% | 25% |
| Net Profit + | 619 | 819 | 856 | 1,213 | 764 | 1,105 | 871 | 902 | 1,095 | 842 | 830 | 870 | 1,371 |
| EPS in Rs | 4.13 | 5.46 | 5.70 | 8.09 | 5.10 | 7.37 | 5.80 | 6.01 | 7.30 | 5.61 | 5.54 | 5.80 | 9.14 |
Financials of Petronet LNG Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 39,627 | 27,133 | 24,616 | 30,599 | 38,395 | 35,452 | 26,023 | 43,169 | 59,899 | 52,729 | 50,982 | 43,495 |
| Expenses + | 38,109 | 25,547 | 22,024 | 27,285 | 35,101 | 31,462 | 21,323 | 37,918 | 55,045 | 47,520 | 45,457 | 38,160 |
| Operating Profit | 1,518 | 1,586 | 2,592 | 3,314 | 3,294 | 3,990 | 4,700 | 5,250 | 4,854 | 5,209 | 5,525 | 5,335 |
| OPM % | 4% | 6% | 11% | 11% | 9% | 11% | 18% | 12% | 8% | 10% | 11% | 12% |
| Other Income + | 156 | 188 | 364 | 349 | 525 | 306 | 377 | 395 | 523 | 605 | 772 | 864 |
| Interest | 308 | 239 | 210 | 163 | 99 | 403 | 336 | 317 | 331 | 290 | 258 | 237 |
| Depreciation | 329 | 322 | 369 | 412 | 411 | 776 | 784 | 768 | 764 | 777 | 806 | 838 |
| Profit before tax | 1,037 | 1,214 | 2,378 | 3,088 | 3,309 | 3,116 | 3,958 | 4,559 | 4,282 | 4,748 | 5,233 | 5,124 |
| Tax % | 13% | 24% | 28% | 32% | 33% | 13% | 26% | 25% | 26% | 26% | 26% | 26% |
| Net Profit + | 905 | 928 | 1,723 | 2,110 | 2,231 | 2,703 | 2,939 | 3,438 | 3,326 | 3,652 | 3,973 | 3,913 |
| EPS in Rs | 6.03 | 6.19 | 11.49 | 14.07 | 14.87 | 18.02 | 19.59 | 22.92 | 22.17 | 24.35 | 26.48 | 26.08 |
| Dividend Payout % | 17% | 20% | 22% | 32% | 67% | 69% | 59% | 50% | 45% | 41% | 38% | 12% |
Financials of Petronet LNG Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 750 | 750 | 750 | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 |
| Reserves | 4,972 | 5,912 | 7,428 | 8,311 | 8,731 | 9,621 | 10,307 | 12,168 | 13,765 | 15,910 | 18,378 | 20,785 |
| Borrowings + | 2,812 | 2,615 | 2,218 | 1,453 | 733 | 3,690 | 3,653 | 3,438 | 3,345 | 3,008 | 2,657 | 2,341 |
| Other Liabilities + | 2,830 | 3,198 | 3,517 | 4,480 | 4,285 | 4,056 | 3,630 | 4,258 | 4,210 | 5,131 | 4,790 | 2,814 |
| Total Liabilities | 11,364 | 12,475 | 13,914 | 15,745 | 15,249 | 18,867 | 19,090 | 21,365 | 22,820 | 25,549 | 27,324 | 27,440 |
| Fixed Assets + | 7,217 | 6,811 | 8,423 | 8,030 | 7,665 | 11,188 | 10,313 | 9,557 | 8,790 | 8,147 | 8,836 | 9,048 |
| CWIP | 754 | 1,550 | 49 | 220 | 348 | 5 | 25 | 193 | 1,126 | 1,552 | 1,642 | 2,497 |
| Investments | 5 | 138 | 3,020 | 4,213 | 1,154 | 517 | 1,707 | 1,286 | 1,368 | 617 | 1,712 | 742 |
| Other Assets + | 3,388 | 3,975 | 2,422 | 3,282 | 6,082 | 7,157 | 7,044 | 10,329 | 11,535 | 15,233 | 15,135 | 15,152 |
| Total Assets | 11,364 | 12,475 | 13,914 | 15,745 | 15,249 | 18,867 | 19,090 | 21,365 | 22,820 | 25,549 | 27,324 | 27,440 |
Financials of Petronet LNG Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 901 | 3,374 | 2,068 | 2,996 | 2,141 | 2,863 | 3,559 | 3,479 | 2,519 | 4,871 | 4,398 | 4,750 |
| Cash from Investing Activity + | -717 | -854 | -3,175 | -1,278 | -72 | 941 | -927 | -1,063 | -1,142 | -1,056 | -3,189 | -1,472 |
| Cash from Financing Activity + | -1,058 | -699 | -748 | -1,335 | -2,548 | -3,055 | -2,759 | -2,211 | -2,368 | -2,154 | -2,152 | -2,200 |
| Net Cash Flow | -874 | 1,821 | -1,856 | 383 | -478 | 749 | -127 | 205 | -991 | 1,661 | -942 | 1,078 |
| Free Cash Flow | 849 | 2,403 | 1,522 | 2,820 | 1,979 | 2,822 | 3,486 | 3,406 | 1,461 | 4,030 | 2,941 | 2,231 |
| CFO/OP | 74% | 225% | 94% | 111% | 90% | 96% | 97% | 90% | 77% | 117% | 104% | 112% |
Financials of Petronet LNG Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 13 | 18 | 19 | 13 | 16 | 26 | 23 | 23 | 25 | 23 | 9 |
| Inventory Days | 9 | 4 | 9 | 7 | 6 | 6 | 6 | 6 | 8 | 12 | 10 | 9 |
| Days Payable | 3 | 11 | 16 | 21 | 14 | 14 | 18 | 15 | 11 | 23 | 21 | 7 |
| Cash Conversion Cycle | 18 | 6 | 11 | 4 | 5 | 8 | 14 | 13 | 20 | 14 | 12 | 10 |
| Working Capital Days | 8 | -2 | -5 | -8 | -3 | 3 | 5 | 7 | 15 | 9 | 7 | 2 |
| ROCE % | 15% | 26% | 30% | 31% | 28% | 28% | 30% | 26% | 26% | 25% | 23% |
Guidance history
How Petronet LNG Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
32 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +2.6% | 63% |
| Last 6 months | +4.6% | 62% |
| Last 3 months | +3.1% | 72% |
The price is 22.3% below its all-time high of ₹372.4 (26 Jul 2024). Stocks more than 20% below their peak have their score halved, so 65 became 32.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Petronet LNG Ltd: 0.4 × 63 + 0.4 × 62 + 0.2 × 72 = 65, halved to 32 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Petronet LNG Ltd's management said in earlier quarters
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- Gujarat State Petronet Ltd (Q2 FY26)
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