Petronet LNG

Reasons for buying:

Buy PE was reasonable at 12.67 and below 10 years PE median of 15.18.

Earnings have been increasing since 2014 and there is a dip in 2020.

Return on equity is good at 25.32%.

The debt of the company is ₹101.20 with ₹4,616.68cr in cash.

The market cap of the company is ₹36,742.50cr.

Buy date: 29-Sep-2020

Qty: 44   Buy Price: ₹223.19    Buy EPS: 17.61   Buy PE: 12.67

Q4 results were not released and the current EPS is 17.83 up about 1.25% from my buy EPS.

The price of the stock is up about 11.16% from my buy price and received a dividend of ₹352.

The company sales are largely composed of regasified liquified natural gas and the majority of revenue is derived from India. I also have Mahanager gas in natural gas space. I like cash-rich companies with predictable earnings. The price return is 13.54% in the last 10 years.