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 ₹ 47,884 Cr.
- Current Price ₹ 1,062
- High / Low ₹ 1,388 / 756
- Stock P/E 439
- Book Value ₹ 40.3
- Dividend Yield 0.05 %
- ROCE 12.5 %
- ROE 9.57 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 31.6% CAGR over last 5 years
Cons
- Stock is trading at 26.4 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 6.29% over last 3 years.
- Earnings include an other income of Rs.89.4 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
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Part of Nifty 500 BSE MidCap Nifty Midcap 100 BSE IPO 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 | |
---|---|---|---|---|---|---|
643 | 685 | 748 | 721 | 1,050 | 989 | |
594 | 619 | 730 | 712 | 1,039 | 917 | |
Operating Profit | 50 | 66 | 18 | 9 | 11 | 72 |
OPM % | 8% | 10% | 2% | 1% | 1% | 7% |
13 | 18 | 34 | 33 | 24 | 89 | |
Interest | 15 | 15 | 15 | 16 | 15 | 5 |
Depreciation | 11 | 10 | 8 | 8 | 12 | 17 |
Profit before tax | 37 | 59 | 28 | 18 | 9 | 140 |
Tax % | 25% | 27% | 37% | 22% | 23% | 22% |
28 | 43 | 18 | 14 | 7 | 109 | |
EPS in Rs | 1.12 | 1.72 | 0.67 | 0.52 | 0.27 | 2.42 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 21% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 10% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 32% |
3 Years: | 86% |
TTM: | 1462% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 6% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Equity Capital | 25 | 25 | 26 | 26 | 26 | 45 |
Reserves | 165 | 210 | 413 | 428 | 440 | 1,770 |
59 | 72 | 33 | 78 | 22 | 8 | |
269 | 333 | 306 | 247 | 352 | 301 | |
Total Liabilities | 518 | 639 | 778 | 779 | 841 | 2,124 |
100 | 97 | 97 | 88 | 85 | 68 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 52 | 95 | 228 | 307 | 345 | 1,378 |
366 | 447 | 454 | 384 | 411 | 678 | |
Total Assets | 518 | 639 | 778 | 779 | 841 | 2,124 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
25 | 74 | -8 | 114 | 56 | ||
-36 | -74 | -52 | -17 | -1,082 | ||
8 | 4 | 8 | -66 | 1,200 | ||
Net Cash Flow | -3 | 4 | -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 | 59 | 40 | 16 | 47 | -11 | 1 |
ROCE % | 25% | 11% | 7% | 5% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Premier Energies reports 110% revenue growth, announces INR125bn capex for 10GW capacity by 2028, expanding into battery storage.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19 May - Audio recording of Q4 and FY25 financial results analyst call available on company website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 May - Newspaper Advertisement-Financial Results for the Quarter and Year ended on March 31, 2025.
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Announcement under Regulation 30 (LODR)-Joint Venture
18 May - PEL forms JV with Nuevosol for aluminium frames manufacturing, holding 80% equity.
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Announcement under Regulation 30 (LODR)-Joint Venture
18 May - PEL enters JV with SAS for solar wafer manufacturing; PEL holds 74% equity in new JV company.
Concalls
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Feb 2025TranscriptNotesPPT REC
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Nov 2024Transcript PPT
Market Leadership[1] As of FY24, Premier Energies is India’s second largest integrated solar cell and solar module manufacturer and India’s second largest solar cell manufacturer with an aggregate annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules.