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 ₹ 3,667 Cr.
- Current Price ₹ 682
- High / Low ₹ 830 / 378
- Stock P/E 107
- Book Value ₹ 53.8
- Dividend Yield 0.07 %
- ROCE 23.0 %
- ROE 18.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 95.8% CAGR over last 5 years
Cons
- Stock is trading at 12.7 times its book value
- Earnings include an other income of Rs.36.8 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 185 | 238 | 275 | 253 | 165 | 152 | 199 | 202 | 272 | 417 | 388 | 349 | |
| 167 | 208 | 255 | 230 | 170 | 146 | 178 | 176 | 213 | 359 | 349 | 325 | |
| Operating Profit | 18 | 30 | 20 | 23 | -5 | 7 | 21 | 26 | 58 | 58 | 40 | 24 |
| OPM % | 10% | 12% | 7% | 9% | -3.2% | 4.3% | 11% | 13% | 22% | 14% | 10% | 7% |
| -2 | 1 | 2 | 3 | 1 | -8 | 3 | 2 | 4 | 2 | 36 | 37 | |
| Interest | 4 | 4 | 5 | 6 | 6 | 7 | 7 | 9 | 10 | 11 | 3 | 3 |
| Depreciation | 3 | 4 | 4 | 4 | 5 | 6 | 10 | 10 | 12 | 11 | 12 | 12 |
| Profit before tax | 8 | 23 | 13 | 16 | -15 | -15 | 7 | 9 | 41 | 38 | 60 | 46 |
| Tax % | 32% | 31% | 37% | 29% | -33% | -28% | 25% | 25% | 30% | 24% | 24% | |
| 6 | 16 | 8 | 11 | -10 | -11 | 5 | 7 | 28 | 29 | 46 | 34 | |
| EPS in Rs | 1.28 | 3.55 | 1.53 | 2.11 | -1.85 | -2.03 | 0.99 | 1.28 | 5.27 | 5.34 | 8.52 | 6.23 |
| Dividend Payout % | 31% | 17% | 33% | 26% | 0% | 0% | 30% | 26% | 9% | 2% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 21% |
| 3 Years: | 24% |
| TTM: | -27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 96% |
| 3 Years: | 91% |
| TTM: | -14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 69% |
| 3 Years: | 50% |
| 1 Year: | 19% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 11% |
| 3 Years: | 15% |
| Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 57 | 116 | 188 | 199 | 186 | 174 | 179 | 184 | 209 | 235 | 278 |
| 23 | 38 | 46 | 28 | 58 | 58 | 78 | 83 | 61 | 41 | 32 | |
| 41 | 56 | 64 | 61 | 53 | 51 | 54 | 78 | 160 | 242 | 162 | |
| Total Liabilities | 130 | 220 | 309 | 299 | 307 | 294 | 322 | 356 | 442 | 528 | 483 |
| 39 | 104 | 105 | 117 | 116 | 184 | 180 | 189 | 200 | 200 | 187 | |
| CWIP | 2 | 4 | 16 | 35 | 62 | 2 | 4 | 2 | 3 | 3 | 26 |
| Investments | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 83 | 112 | 188 | 147 | 130 | 108 | 138 | 165 | 238 | 326 | 269 | |
| Total Assets | 130 | 220 | 309 | 299 | 307 | 294 | 322 | 356 | 442 | 528 | 483 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 | -7 | -24 | 50 | -6 | 10 | -2 | 21 | 79 | 118 | -1 | |
| -4 | -9 | -46 | -26 | -14 | -4 | -11 | -16 | -25 | -11 | -27 | |
| -3 | 14 | 71 | -24 | 20 | -7 | 13 | -6 | -34 | -34 | -14 | |
| Net Cash Flow | 3 | -3 | 1 | 0 | -0 | -1 | -0 | -0 | 20 | 73 | -42 |
| Free Cash Flow | 6 | -15 | -39 | 12 | -36 | -3 | -15 | 7 | 56 | 105 | -29 |
| CFO/OP | 77% | -5% | -86% | 240% | 84% | 159% | -7% | 73% | 136% | 223% | 38% |
Ratios
Consolidated / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 84 | 86 | 130 | 94 | 106 | 103 | 131 | 97 | 98 | 33 | 50 |
| Inventory Days | 80 | 102 | 84 | 84 | 180 | 182 | 142 | 335 | 290 | 235 | 168 |
| Days Payable | 43 | 38 | 48 | 64 | 81 | 84 | 79 | 66 | 51 | 178 | 68 |
| Cash Conversion Cycle | 121 | 150 | 166 | 114 | 205 | 202 | 193 | 365 | 336 | 90 | 150 |
| Working Capital Days | 27 | 49 | 77 | 61 | 25 | 17 | 16 | 18 | 29 | -27 | 39 |
| ROCE % | 22% | 9% | 9% | -4% | 0% | 5% | 7% | 18% | 17% | 23% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2020 | May 2022 | Sep 2023 | Mar 2025 | May 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Order Book Rs Mn ・Standalone data |
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| Defence & Space Services Revenue Rs Mn ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- Premier Explosives held its 46th AGM on September 30, 2026; voting results due within two working days.
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Closure of Trading Window
- Trading window closes from October 1, 2026 until 48 hours after Q2/H1 FY2026 results.
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Letter To Shareholders Pursuant To Regulation 36(1)(B) Of SEBI LODR Regulations, 2015
- Premier Explosives 46th AGM on September 30, 2026; annual report FY2025-26 link shared.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026Transcript PPT REC
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Aug 2015Transcript
Leadership:[1]
1st in India to manufacture Explosives and Detonating fuse with indigenous technology. 1st in the World to produce safer and greener NHN detonators on commercial scale. 1st private company to manufacture solid propellants to missile programs.