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 ₹ 47,439 Cr.
- Current Price ₹ 1,052
- High / Low ₹ 1,388 / 756
- Stock P/E 343
- Book Value ₹ 40.3
- Dividend Yield 0.10 %
- 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 26.1 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.93.7 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 Nifty 500 BSE MidCap Nifty Midcap 100 BSE IPO
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 | 837 | |
| 594 | 619 | 730 | 712 | 1,039 | 917 | 736 | |
| Operating Profit | 50 | 66 | 18 | 9 | 11 | 72 | 100 |
| OPM % | 8% | 10% | 2% | 1% | 1% | 7% | 12% |
| 13 | 18 | 34 | 33 | 24 | 89 | 94 | |
| Interest | 15 | 15 | 15 | 16 | 15 | 5 | 4 |
| Depreciation | 11 | 10 | 8 | 8 | 12 | 17 | 11 |
| Profit before tax | 37 | 59 | 28 | 18 | 9 | 140 | 179 |
| Tax % | 25% | 27% | 37% | 22% | 23% | 22% | |
| 28 | 43 | 18 | 14 | 7 | 109 | 138 | |
| EPS in Rs | 1.12 | 1.72 | 0.67 | 0.52 | 0.27 | 2.42 | 3.06 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 21% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 10% |
| TTM: | -30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 86% |
| TTM: | 30813% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -7% |
| 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 | |
|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 26 | 26 | 26 | 45 |
| Reserves | 165 | 210 | 413 | 428 | 440 | 1,770 |
| 59 | 72 | 33 | 78 | 31 | 8 | |
| 269 | 333 | 306 | 247 | 344 | 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 | 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
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 13 Sep
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Shareholder Meeting / Postal Ballot-Outcome of AGM
12 Sep - 30th AGM on 12 Sep 2025: adopted FY2025 financials, declared final dividend, reappointed directors, appointed independent director, ratified auditors.
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Response To Proxy Advisory Firms Regarding Certain Resolutions (Three) In The AGM Notice.
10 Sep - Company responds to proxy-advisors opposing Resolutions 3,5,6; discloses ₹3,00,000 secretarial fee; confirms Mr. Mehta's independence.
-
Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015-General Updates.
1 Sep - Subsidiaries received INR 2,703 Cr orders for 2,059 MW solar PV modules and cells to be executed FY2026–27.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 Aug
Concalls
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Jul 2025TranscriptPPTREC
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Jul 2025TranscriptNotesPPT REC
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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
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.