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 ₹ 2,172 Cr.
- Current Price ₹ 2,020
- High / Low ₹ 2,052 / 396
- Stock P/E 90.4
- Book Value ₹ 198
- Dividend Yield 0.08 %
- ROCE 6.82 %
- ROE 3.76 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 19.0%
Cons
- Stock is trading at 10.2 times its book value
- The company has delivered a poor sales growth of -5.95% over past five years.
- Company has a low return on equity of 1.75% 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
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|
185 | 238 | 275 | 253 | 165 | 154 | 199 | 202 | 237 | |
167 | 208 | 255 | 230 | 170 | 147 | 178 | 176 | 186 | |
Operating Profit | 18 | 30 | 20 | 23 | -5 | 6 | 21 | 26 | 52 |
OPM % | 10% | 12% | 7% | 9% | -3% | 4% | 11% | 13% | 22% |
-2 | 1 | 2 | 3 | 1 | -8 | 3 | 2 | 4 | |
Interest | 4 | 4 | 5 | 6 | 6 | 7 | 7 | 9 | 11 |
Depreciation | 3 | 4 | 4 | 4 | 5 | 6 | 10 | 10 | 11 |
Profit before tax | 8 | 23 | 13 | 16 | -15 | -15 | 7 | 9 | 33 |
Tax % | 32% | 31% | 37% | 29% | 33% | 28% | 25% | 25% | |
6 | 16 | 8 | 11 | -10 | -11 | 5 | 7 | 24 | |
EPS in Rs | 6.38 | 17.76 | 7.66 | 10.57 | -9.24 | -10.16 | 4.93 | 6.43 | 22.33 |
Dividend Payout % | 31% | 17% | 33% | 26% | 0% | 0% | 30% | 26% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -6% |
3 Years: | 7% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -2% |
3 Years: | 40% |
TTM: | 421% |
Stock Price CAGR | |
---|---|
10 Years: | 38% |
5 Years: | 54% |
3 Years: | 137% |
1 Year: | 400% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | 2% |
Last Year: | 4% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
Reserves | 57 | 116 | 187 | 199 | 186 | 174 | 179 | 184 | 202 |
23 | 38 | 46 | 28 | 58 | 58 | 78 | 83 | 56 | |
41 | 56 | 65 | 61 | 53 | 51 | 54 | 78 | 172 | |
Total Liabilities | 130 | 220 | 309 | 299 | 307 | 294 | 322 | 356 | 440 |
39 | 104 | 105 | 117 | 116 | 184 | 180 | 189 | 200 | |
CWIP | 2 | 4 | 16 | 35 | 62 | 2 | 4 | 2 | 1 |
Investments | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
83 | 112 | 188 | 147 | 130 | 108 | 138 | 165 | 239 | |
Total Assets | 130 | 220 | 309 | 299 | 307 | 294 | 322 | 356 | 440 |
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 | |
---|---|---|---|---|---|---|---|---|
10 | -7 | -24 | 50 | -6 | 10 | -2 | 21 | |
-4 | -9 | -46 | -26 | -14 | -4 | -11 | -16 | |
-3 | 14 | 71 | -24 | 20 | -7 | 13 | -6 | |
Net Cash Flow | 3 | -3 | 1 | 0 | -0 | -1 | -0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 84 | 86 | 130 | 94 | 106 | 109 | 131 | 97 |
Inventory Days | 80 | 102 | 84 | 84 | 180 | 182 | 142 | 335 |
Days Payable | 43 | 38 | 48 | 64 | 81 | 84 | 79 | 66 |
Cash Conversion Cycle | 121 | 150 | 166 | 114 | 205 | 207 | 193 | 365 |
Working Capital Days | 70 | 97 | 125 | 87 | 139 | 131 | 150 | 164 |
ROCE % | 22% | 9% | 9% | -4% | 0% | 5% | 7% |
Documents
Announcements
- Compliance Certificate Under Regulation 40(10) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024. 11 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Apr
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024 10 Apr
- Board Meeting Intimation for Considering Sub-Division/Split Of Equity Shares And Raising Of Funds. 9 Apr
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 Apr - Analyst / Institutional Investor meeting on Friday, April 12, 2024.
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 2023TranscriptNotesPPT
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Nov 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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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]