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 ₹ 1,636 Cr.
- Current Price ₹ 1,522
- High / Low ₹ 1,689 / 385
- Stock P/E 68.7
- Book Value ₹ 198
- Dividend Yield 0.11 %
- ROCE 6.72 %
- ROE 3.64 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 18.7%
Cons
- Stock is trading at 7.69 times its book value
- The company has delivered a poor sales growth of -5.35% over past five years.
- Company has a low return on equity of 1.92% over last 3 years.
* 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
108 | 109 | 145 | 149 | 185 | 230 | 266 | 241 | 157 | 153 | 199 | 202 | 237 | |
92 | 100 | 128 | 137 | 167 | 201 | 246 | 217 | 161 | 147 | 177 | 176 | 186 | |
Operating Profit | 17 | 10 | 17 | 13 | 18 | 29 | 20 | 24 | -5 | 7 | 22 | 26 | 52 |
OPM % | 15% | 9% | 12% | 8% | 10% | 13% | 8% | 10% | -3% | 4% | 11% | 13% | 22% |
3 | 2 | 1 | 1 | -2 | 1 | 2 | 3 | 1 | -8 | 2 | 2 | 4 | |
Interest | 1 | 2 | 2 | 2 | 4 | 4 | 5 | 6 | 6 | 7 | 8 | 9 | 11 |
Depreciation | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 9 | 10 | 11 |
Profit before tax | 17 | 7 | 13 | 8 | 8 | 23 | 13 | 16 | -15 | -15 | 7 | 9 | 33 |
Tax % | 28% | 28% | 29% | 30% | 32% | 32% | 35% | 28% | 34% | 28% | 23% | 25% | |
12 | 5 | 9 | 5 | 6 | 15 | 9 | 12 | -10 | -11 | 6 | 7 | 24 | |
EPS in Rs | 14.69 | 6.57 | 11.02 | 6.01 | 6.41 | 17.45 | 8.21 | 10.91 | -8.91 | -9.99 | 5.23 | 6.21 | 22.17 |
Dividend Payout % | 17% | 38% | 25% | 33% | 31% | 17% | 30% | 25% | 0% | 0% | 29% | 27% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | -5% |
3 Years: | 9% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | -4% |
3 Years: | 40% |
TTM: | 331% |
Stock Price CAGR | |
---|---|
10 Years: | 34% |
5 Years: | 44% |
3 Years: | 117% |
1 Year: | 299% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | 1% |
3 Years: | 2% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 8 | 9 | 9 | 9 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
Reserves | 37 | 40 | 48 | 53 | 57 | 115 | 186 | 199 | 186 | 174 | 179 | 184 | 202 |
5 | 13 | 13 | 20 | 23 | 38 | 46 | 28 | 60 | 61 | 80 | 87 | 60 | |
28 | 29 | 38 | 31 | 41 | 56 | 64 | 59 | 49 | 48 | 53 | 77 | 170 | |
Total Liabilities | 78 | 90 | 107 | 113 | 130 | 218 | 306 | 296 | 306 | 294 | 323 | 359 | 443 |
33 | 38 | 41 | 41 | 39 | 99 | 100 | 113 | 112 | 180 | 180 | 189 | 200 | |
CWIP | 1 | 1 | 2 | 0 | 2 | 4 | 16 | 35 | 62 | 2 | 4 | 2 | 1 |
Investments | 0 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
43 | 46 | 59 | 67 | 83 | 110 | 185 | 143 | 128 | 107 | 134 | 162 | 237 | |
Total Assets | 78 | 90 | 107 | 113 | 130 | 218 | 306 | 296 | 306 | 294 | 323 | 359 | 443 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
10 | 1 | 6 | -2 | 10 | -6 | -21 | 48 | -9 | 11 | 0 | 20 | |
-5 | -8 | -4 | -3 | -4 | -10 | -46 | -25 | -15 | -4 | -13 | -16 | |
-2 | 5 | -3 | 5 | -3 | 14 | 68 | -23 | 23 | -7 | 12 | -4 | |
Net Cash Flow | 3 | -3 | -0 | 0 | 3 | -3 | 1 | -0 | -0 | -1 | -0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 52 | 58 | 74 | 81 | 84 | 88 | 133 | 98 | 110 | 106 | 129 | 97 |
Inventory Days | 87 | 112 | 92 | 111 | 80 | 100 | 82 | 84 | 192 | 182 | 142 | 335 |
Days Payable | 41 | 47 | 41 | 37 | 43 | 44 | 52 | 68 | 86 | 84 | 79 | 66 |
Cash Conversion Cycle | 98 | 123 | 125 | 155 | 121 | 145 | 163 | 114 | 216 | 205 | 191 | 365 |
Working Capital Days | 30 | 51 | 54 | 89 | 70 | 95 | 124 | 89 | 148 | 133 | 144 | 161 |
ROCE % | 39% | 17% | 25% | 13% | 18% | 22% | 9% | 9% | -4% | 1% | 6% | 7% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2d
- Closure of Trading Window 2d
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Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
15 Mar - The State Level Single Window Clearance Authority in its meeting held on 23rd February, 2024 has approved "in principle" the proposal of the Company for …
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Increase In Volume - Clarification
5 Mar - Premier Explosives Limited has always disclosed to the stock exchanges all such information which the company has been in possession and which is required to …
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Clarification sought from Premier Explosives Ltd
5 Mar - Exchange has sought clarification from Premier Explosives Ltd on March 05, 2024, with reference to Movement in Volume.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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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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Financial Year 2010
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Financial Year 2009
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Concalls
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Jan 2024Transcript PPT
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Jan 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Jul 2023Transcript PPT
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Jul 2023TranscriptNotesPPT
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Nov 2021Transcript PPT
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Oct 2020Transcript PPT
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Nov 2019Transcript PPT
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Jan 2019Transcript PPT
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Nov 2018Transcript PPT
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Aug 2018Transcript PPT
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May 2018Transcript PPT
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Feb 2018Transcript PPT
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Dec 2017Transcript PPT
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Sep 2017Transcript PPT
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Jun 2017Transcript PPT
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Apr 2017TranscriptNotesPPT
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Feb 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016Transcript PPT
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May 2016TranscriptPPT
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Mar 2016TranscriptPPT
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Feb 2016Transcript PPT
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Nov 2015Transcript PPT
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Aug 2015TranscriptPPT
Product Portfolio
Propellants: Pyrogen igniters, Case-bonded propellants, Freestanding grains, Fuel rich, Grains Gas generators, Strap-on motors for PSLV, etc.
Pyros: Pyro cartridges, Pyro actuators, Smoke/flash generators, etc.
Explosives: Bombs, Warheads ammunition, Mines, HMX / RDX, and their components, etc.
Counter Measures: Chaffs and Flares. [1]
It is the only Qualified Indian company for Countermeasures and the only Indian company which is into export of Fully assembled Rocket motors.[2]