Moneycontrol PRO

Petronet LNG – A good defensive bet

PLNG is a low risk defensive play positioned to benefit from multiple growth triggers in medium to long term. In the current volatility it can be a good add to the portfolio.

July 03, 2020 / 04:15 PM IST
Petronet LNG – A good defensive bet

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Petronet LNG (PLNG) (CMP: Rs 260 ; Mcap: Rs 38,595 crore) reported a subdued performance in Q4 mainly due to lower utilization at the Dahej terminal amid lower offtake and cancellation of cargoes. The company has a healthy net debt free balance sheet. Its Return on Capital Employed (ROCE) of 25 percent is attractive. While the utilization has been impacted in Q4FY20 and Q1FY21, we expect the performance to improve. There are multiple growth triggers for the company such as increased demand...

  • PRO Panorama

    Moneycontrol Pro Panorama | Red-hot yield: What can calm the markets’ nerves?

    Jan 19, 2022 / 04:12 PM IST

    In today’s edition of Moneycontrol Pro Panorama: What AGS IPO brings to the table, Unilever’s gambit, Budget Chart of the Day, the cotton trouble and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Advance GDP data show a K-shaped recovery

    Jan 8, 2022 / 09:21 AM IST

    The biggest takeaway from the advance estimates is the weakness in private consumption. For the second half of FY22, the growth in private consumption is expected to be a mere 1.8%

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers