Buy Petronet LNG target of Rs 345: Sharekhan

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Sharekhan's research report on Petronet LNG

With Kochi-Mangaluru pipeline likely to get commissioned by March 2020, we expect Kochi terminal’s utilisation rate to improve to 25% and 38% in FY2021E and FY2022E. Low spot LNG prices and regulatory push would aid volume growth in the next 2-3 years. Volume growth with annual re-gas tariff hike would drive up EBITDA/PAT at a 12%/8% CAGR over FY2020E-FY2022E. At CMP, stock trades at an attractive valuation of 13x FY2021E EPS and 11.6x FY2022E EPS.

Outlook

We retain our Buy rating on Petronet LNG with revised PT of Rs. 345 (roll over to FY2022E EPS) given strong earnings visibility and robust RoE of ~29-30%.

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