Whalesbook
Ab ye jo itna zabardast performance raha na, iska seedha credit jaata hai volume growth ko. Company ne total 219 tbtu volumes record kiye, jo ki market ke andarzon se 12% zyada nikla. Aur Dahej terminal toh ekdum full capacity par, 91% tak chal raha tha! Agar hum UoP provisioning aur waivers ko side mein rakh dein, toh adjusted EBITDA aur PAT toh expectations se 30% aur 19% upar the. Matlab, operational efficiency ekdum top-notch hai.
Aur bhai, Motilal Oswal ke analysts toh is stock ko bilkul 'buy' call de rahe hain. Unko Petronet LNG ki current valuation bohot attractive lag rahi hai. Stock abhi 12x FY27 ke P/E par trade ho raha hai, aur sath mein 3.3% ka dividend yield bhi offer kar raha hai. Growth prospects ko dekhte hue ye price ekdum bargain lag raha hai.
Ab sabse bada sawaal, target kya hai? Motilal Oswal ne is stock ke liye ₹360 ka price target set kiya hai, jo ki DCF model par based hai. Isme unhone conservative assumption rakha hai ki FY28 mein Dahej terminal par 5% tariff cut ho sakta hai, jiske baad 4% increase milega. Petchem plant ka CapEx bhi fully consider kar liya gaya hai. Toh summary ye hai ki brokerage kaafi confident hai, bas ab investor ko regulatory changes aur expansion plans par nazar rakhni hogi.