Premier Energies Ltd
Incorporated in April 1995, Premier Energies Limited specializes in manufacturing integrated solar cells and solar panels. Its product portfolio includes solar cells, solar modules, monofacial and bifacial modules, as well as EPC and O&M solutions.[1]
- Market Cap ₹ 34,409 Cr.
- Current Price ₹ 759
- High / Low ₹ 1,164 / 660
- Stock P/E 223
- Book Value ₹ 41.2
- Dividend Yield 0.13 %
- ROCE 12.4 %
- ROE 9.49 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 31.3% CAGR over last 5 years
Cons
- Stock is trading at 18.4 times its book value
- The company has delivered a poor sales growth of 8.99% over past five years.
- Company has a low return on equity of 6.25% over last 3 years.
- Earnings include an other income of Rs.104 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.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of BSE 500 BSE Capital Goods Nifty 500 Nifty Midcap 100 Nifty 200
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 643 | 685 | 748 | 721 | 1,050 | 989 | 658 | |
| 594 | 619 | 730 | 712 | 1,039 | 917 | 541 | |
| Operating Profit | 50 | 66 | 18 | 9 | 11 | 72 | 117 |
| OPM % | 8% | 10% | 2% | 1% | 1% | 7% | 18% |
| 13 | 18 | 34 | 33 | 24 | 89 | 104 | |
| Interest | 15 | 15 | 15 | 16 | 15 | 5 | 7 |
| Depreciation | 11 | 10 | 8 | 8 | 12 | 17 | 10 |
| Profit before tax | 37 | 59 | 28 | 18 | 9 | 140 | 204 |
| Tax % | 25% | 27% | 37% | 22% | 23% | 22% | |
| 28 | 43 | 18 | 14 | 7 | 109 | 154 | |
| EPS in Rs | 1.12 | 1.72 | 0.67 | 0.52 | 0.27 | 2.42 | 3.41 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 21% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 10% |
| TTM: | -41% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 86% |
| TTM: | 209% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 6% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 26 | 26 | 26 | 45 | 45 |
| Reserves | 165 | 210 | 413 | 428 | 440 | 1,770 | 1,820 |
| 59 | 72 | 33 | 78 | 31 | 8 | 18 | |
| 269 | 333 | 306 | 247 | 344 | 301 | 312 | |
| Total Liabilities | 518 | 639 | 778 | 779 | 841 | 2,124 | 2,195 |
| 100 | 97 | 97 | 88 | 85 | 68 | 79 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 52 | 95 | 228 | 307 | 345 | 1,378 | 1,605 |
| 366 | 447 | 454 | 384 | 411 | 678 | 512 | |
| Total Assets | 518 | 639 | 778 | 779 | 841 | 2,124 | 2,195 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 25 | 74 | 52 | -8 | 114 | 50 | |
| -36 | -74 | -136 | -52 | -17 | -1,082 | |
| 8 | 4 | 136 | 8 | -66 | 1,205 | |
| Net Cash Flow | -3 | 4 | 52 | -52 | 32 | 173 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 78 | 88 | 64 | 65 | 39 | 61 |
| Inventory Days | 79 | 76 | 61 | 64 | 41 | 13 |
| Days Payable | 96 | 112 | 115 | 104 | 115 | 104 |
| Cash Conversion Cycle | 60 | 52 | 11 | 25 | -35 | -30 |
| Working Capital Days | 41 | 21 | 9 | 13 | -19 | -0 |
| ROCE % | 25% | 11% | 7% | 5% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
1d - MA report: IPO gross Rs28,304m; fresh Rs12,914m; major spend on 4GW facility; Rs576.44m unutilized.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Feb 10, 2026: Premier Energies acquires 51% in HeliosAnthos JV with BA Prerna (49%) for EPC renewable projects across India.
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Announcement under Regulation 30 (LODR)-Joint Venture
9 Feb - Premier Energies forms JV HeliosAnthos (51% stake; Rs10,45,500). Acquisition long-stop dates extended to 15 April 2026.
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Announcement under Regulation 30 (LODR)-Acquisition
9 Feb - Approved 51% JV HeliosAnthos (Premier pays Rs10,45,500), extended acquisition long-stop dates to 15 April 2026.
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Board Meeting Outcome for Outcome Of The Board Meeting
9 Feb - Board approved 51% JV in HeliosAnthos (Premier invests Rs10,45,500); acquisitions' long-stop extended to 15 Apr 2026.
Concalls
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Jul 2025TranscriptPPTREC
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Jul 2025TranscriptAI SummaryPPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
Business Profile[1]
Premier Energies is a leading integrated solar PV manufacturer in India, specializing in solar cells and modules. It holds nearly 100% share in India’s solar cell exports and ranks among the country’s largest integrated cell-module producers. Notably, it was the first Indian company to manufacture TOPCon cells.