Buy Petronet LNG Ltd ; target of Rs 267: Kotak Securities

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Kotak Securities's research report on Petronet LNG Ltd

Strong operating performance is backed by higher RLNG off-take from both Dahej and Kochi terminals, contractual escalation in tariffs and better operational efficiency. The company has bid for seven city gas licenses and expects city gas foray to boost Kochi LNG plant capacity usage. We expect robust near-term growth as Kochi ramps up and Dahej expands nameplate capacity by 8%.

Outlook

We expect PLNG to report an EPS of Rs.16.1/18.6 for FY19E/FY20E, respectively. At CMP, we believe that the stock is attractively valued at 12.4x FY20E earnings. We recommend BUY (earlier ACCUMULATE) rating on the stock with a revised price target of Rs.267/- including equity value of 26% stake in Dahej Port.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More