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 74.8
- Book Value ₹ 51.3
- Dividend Yield 0.07 %
- ROCE 24.0 %
- ROE 20.2 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 95.2% 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
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 185 | 238 | 275 | 253 | 165 | 152 | 199 | 202 | 272 | 417 | 388 | |
| 167 | 208 | 255 | 230 | 170 | 146 | 178 | 176 | 213 | 359 | 350 | |
| Operating Profit | 18 | 30 | 20 | 23 | -5 | 7 | 21 | 26 | 58 | 58 | 39 |
| OPM % | 10% | 12% | 7% | 9% | -3% | 4% | 11% | 13% | 22% | 14% | 10% |
| -2 | 1 | 2 | 3 | 1 | -8 | 3 | 2 | 4 | 2 | 37 | |
| Interest | 4 | 4 | 5 | 6 | 6 | 7 | 7 | 9 | 10 | 11 | 3 |
| Depreciation | 3 | 4 | 4 | 4 | 5 | 6 | 10 | 10 | 12 | 11 | 12 |
| Profit before tax | 8 | 23 | 13 | 16 | -15 | -15 | 7 | 9 | 41 | 38 | 60 |
| Tax % | 32% | 31% | 37% | 29% | -33% | -28% | 25% | 25% | 30% | 24% | 24% |
| 6 | 16 | 8 | 11 | -10 | -11 | 5 | 7 | 28 | 29 | 46 | |
| 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 |
| Dividend Payout % | 31% | 17% | 33% | 26% | 0% | 0% | 30% | 26% | 9% | 2% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 21% |
| 3 Years: | 24% |
| TTM: | -7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 95% |
| 3 Years: | 90% |
| TTM: | 73% |
| 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: | 16% |
| Last Year: | 20% |
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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 57 | 116 | 188 | 199 | 186 | 174 | 179 | 184 | 209 | 235 | 265 |
| 23 | 38 | 46 | 28 | 58 | 58 | 78 | 83 | 61 | 41 | 28 | |
| 41 | 56 | 64 | 61 | 53 | 51 | 54 | 78 | 160 | 242 | 195 | |
| Total Liabilities | 130 | 220 | 309 | 299 | 307 | 294 | 322 | 356 | 442 | 528 | 499 |
| 39 | 104 | 105 | 117 | 116 | 184 | 180 | 189 | 200 | 200 | 188 | |
| CWIP | 2 | 4 | 16 | 35 | 62 | 2 | 4 | 2 | 3 | 3 | 8 |
| Investments | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 83 | 112 | 188 | 147 | 130 | 108 | 138 | 165 | 238 | 326 | 302 | |
| Total Assets | 130 | 220 | 309 | 299 | 307 | 294 | 322 | 356 | 442 | 528 | 499 |
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 | ||
| -4 | -9 | -46 | -26 | -14 | -4 | -11 | -16 | -25 | -11 | ||
| -3 | 14 | 71 | -24 | 20 | -7 | 13 | -6 | -34 | -34 | ||
| Net Cash Flow | 3 | -3 | 1 | 0 | -0 | -1 | -0 | -0 | 20 | 73 | |
| Free Cash Flow | 6 | -15 | -39 | 12 | -36 | -3 | -15 | 7 | 56 | 105 | |
| CFO/OP | 77% | -5% | -86% | 240% | 84% | 159% | -7% | 73% | 136% | 223% |
Ratios
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 84 | 86 | 130 | 94 | 106 | 103 | 131 | 97 | 98 | 33 | |
| Inventory Days | 80 | 102 | 84 | 84 | 180 | 182 | 142 | 335 | 290 | 235 | |
| Days Payable | 43 | 38 | 48 | 64 | 81 | 84 | 79 | 66 | 51 | 178 | |
| Cash Conversion Cycle | 121 | 150 | 166 | 114 | 205 | 202 | 193 | 365 | 336 | 90 | |
| Working Capital Days | 27 | 49 | 77 | 61 | 25 | 17 | 16 | 18 | 29 | -27 | |
| ROCE % | 22% | 9% | 9% | -4% | 0% | 5% | 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 ・Standalone data |
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| Detonators Production Million Pieces ・Standalone data |
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| Order Book INR Million ・Standalone data |
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| Installed Capacity - Bulk Explosives Tonnes ・Standalone data |
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| Installed Capacity - Detonators Million Pieces ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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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 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>