Premier Explosives Ltd
Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Sriharikota Centre of ISRO and Solid Fuel Complex at Jagdalpur under the umbrella of DRDO.[1]
- Market Cap ₹ 3,712 Cr.
- Current Price ₹ 691
- High / Low ₹ 780 / 378
- Stock P/E 74.7
- Book Value ₹ 51.3
- Dividend Yield 0.07 %
- ROCE 23.9 %
- ROE 20.2 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 99.7% CAGR over last 5 years
- Debtor days have improved from 55.6 to 35.8 days.
Cons
- Stock is trading at 13.5 times its book value
- Earnings include an other income of Rs.36.9 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 149 | 185 | 230 | 266 | 241 | 157 | 152 | 199 | 202 | 272 | 417 | 388 | |
| 137 | 167 | 201 | 246 | 217 | 161 | 145 | 177 | 176 | 213 | 359 | 350 | |
| Operating Profit | 13 | 18 | 29 | 20 | 24 | -5 | 7 | 22 | 26 | 58 | 58 | 39 |
| OPM % | 8% | 10% | 13% | 8% | 10% | -3% | 4% | 11% | 13% | 22% | 14% | 10% |
| 1 | -2 | 1 | 2 | 3 | 1 | -8 | 2 | 2 | 4 | 2 | 37 | |
| Interest | 2 | 4 | 4 | 5 | 6 | 6 | 8 | 8 | 9 | 11 | 11 | 4 |
| Depreciation | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 9 | 10 | 12 | 11 | 12 |
| Profit before tax | 8 | 8 | 23 | 13 | 16 | -15 | -15 | 7 | 9 | 40 | 38 | 60 |
| Tax % | 30% | 32% | 32% | 35% | 28% | -34% | -28% | 23% | 25% | 30% | 24% | 24% |
| 5 | 6 | 15 | 9 | 12 | -10 | -11 | 6 | 7 | 28 | 29 | 46 | |
| EPS in Rs | 1.20 | 1.28 | 3.49 | 1.64 | 2.18 | -1.78 | -2.00 | 1.04 | 1.24 | 5.23 | 5.31 | 8.52 |
| Dividend Payout % | 33% | 31% | 17% | 30% | 25% | 0% | 0% | 29% | 27% | 10% | 2% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 21% |
| 3 Years: | 24% |
| TTM: | -7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 100% |
| 3 Years: | 92% |
| TTM: | 74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 88% |
| 3 Years: | 103% |
| 1 Year: | 19% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 11% |
| 3 Years: | 15% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 53 | 57 | 115 | 188 | 199 | 186 | 174 | 179 | 184 | 210 | 235 | 265 |
| 20 | 23 | 38 | 46 | 28 | 60 | 61 | 80 | 87 | 66 | 45 | 32 | |
| 31 | 41 | 56 | 62 | 59 | 49 | 48 | 53 | 77 | 159 | 240 | 193 | |
| Total Liabilities | 113 | 130 | 218 | 306 | 296 | 306 | 294 | 323 | 359 | 445 | 531 | 501 |
| 41 | 39 | 99 | 100 | 113 | 112 | 180 | 180 | 189 | 198 | 198 | 186 | |
| CWIP | 0 | 2 | 4 | 16 | 35 | 62 | 2 | 4 | 2 | 3 | 3 | 8 |
| Investments | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| 67 | 83 | 110 | 185 | 143 | 128 | 107 | 134 | 162 | 238 | 325 | 301 | |
| Total Assets | 113 | 130 | 218 | 306 | 296 | 306 | 294 | 323 | 359 | 445 | 531 | 501 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -2 | 10 | -6 | -21 | 48 | -9 | 11 | 0 | 20 | 79 | 119 | ||
| -3 | -4 | -10 | -46 | -25 | -15 | -4 | -13 | -16 | -25 | -11 | ||
| 5 | -3 | 14 | 68 | -23 | 23 | -7 | 12 | -4 | -34 | -35 | ||
| Net Cash Flow | 0 | 3 | -3 | 1 | -0 | -0 | -1 | -0 | -0 | 20 | 73 | |
| Free Cash Flow | -5 | 6 | -15 | -37 | 11 | -38 | -2 | -14 | 6 | 56 | 106 | |
| CFO/OP | 5% | 77% | -3% | -72% | 230% | 134% | 160% | 4% | 67% | 136% | 224% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 81 | 84 | 88 | 133 | 98 | 110 | 101 | 129 | 97 | 98 | 33 | |
| Inventory Days | 111 | 80 | 100 | 82 | 84 | 192 | 182 | 142 | 335 | 290 | 235 | |
| Days Payable | 37 | 43 | 44 | 52 | 68 | 86 | 84 | 79 | 66 | 51 | 178 | |
| Cash Conversion Cycle | 155 | 121 | 145 | 163 | 114 | 216 | 199 | 191 | 365 | 336 | 90 | |
| Working Capital Days | 45 | 27 | 45 | 76 | 62 | 23 | 12 | 5 | 8 | 23 | -31 | |
| ROCE % | 13% | 18% | 22% | 9% | 9% | -4% | 1% | 6% | 7% | 18% | 17% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bulk Explosives Production Tonnes |
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| Detonators Production Million Pieces |
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| Order Book INR Million |
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| Installed Capacity - Bulk Explosives Tonnes |
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| Installed Capacity - Detonators Million Pieces |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14h - Audio recording of Q4 FY26 earnings conference call uploaded on May 30, 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 16h
- Announcement under Regulation 30 (LODR)-Investor Presentation 1d
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Board Meeting Outcome for Outcome Of Board Meeting -Financial Results And Dividend
1d - Audited Q4 and FY26 standalone/consolidated results approved; final dividend of Rs0.50 per share recommended.
- Audited Financial Results For The Quarter And Year Ended March 31, 2026 1d
Annual reports
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Leadership:[1]
<h1>1st in India to manufacture Explosives and Detonating fuse with indigenous technology.</h1> <h1>1st in the World to produce safer and greener NHN detonators on commercial scale.</h1> <h1>1st private company to manufacture solid propellants to missile programs.</h1>