Petronet LNG share price: Petronet LNG share price drops as Sensex drops 144.38 points

Share price of . fell 0.65% to Rs 205.5 at 13:09 (IST) in Thursday trading. The certificate has reached a maximum of Rs 209.2 and a minimum of Rs 205.15 so far during the session. The stock had closed at Rs 206.85 in the previous session.

The counter had a total share trading volume of 13:09 so far with turnover of Rs 0.49 crore on BSE. The stock traded at a price-to-earnings multiple of 8.97 and a price-to-book ratio of 2.13.

A higher P/E ratio shows that investors are willing to pay a higher price for the earnings per rupee generated by the stock due to better future growth expectations.

The price-to-book ratio indicates the intrinsic value of a company and is the measure of the price that investors are willing to pay even without growth of the company.

Petronet LNG Ltd. belongs to the gas storage and distribution industry.

Promoter/Fii Holding

Promoters held 50.0% of the company’s capital as of March 31, 2022, while foreign investors and domestic institutional investors held 33.6% and 3.38% respectively.

Key financial data

The company reported consolidated sales of Rs 11,241.74 crore for the quarter ended March 31, 2022, down 11.27% from Rs 12,669.14 crore in the previous quarter and down 47.44% from to Rs 7624.47 crore in the prior year quarter.

Its profit for the last quarter stood at Rs 790.98 crore, up 23.99% from the same quarter a year ago.

Eleanor C. William