Petronet LNG - Beat On Gross Margin Aids PAT Beat In Q3: Nirmal Bang
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
We are positive on Petronet LNG Ltd. on the basis of -
1. attractive risk-reward at 11.0 times price to earning/2.3 times price/ book value on FY23E - return on equity of 21.7%
2. prospects of ramp-up in Kochi in Q4 FY21 and FY22 based on the recently started Kochi-Mangalore pipeline
3. management’s plan to build business-to-business liquefied natural gas business and bio compresed natural gas as auto fuel in partnership with city gas distribution entities/oil marketing companies, although details on pricing/margins and investments are under evaluation.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.