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 ₹ 45,614 Cr.
- Current Price ₹ 1,012
- High / Low ₹ 1,388 / 756
- Stock P/E 418
- 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 25.1 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 6.29% 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
Industrials Capital Goods Electrical Equipment Other Electrical 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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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
1d - South Asia Growth Fund II Holdings LLC sells equity shares of Premier Energies Limited, regulatory compliance disclosed.
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Amendment To PEL ESOP Trust Deed.
31 May - Amended ESOP Trust Deed filed due to trustee and office changes on 31 May 2025.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report with minor delay in related party disclosure; Rs.11,800 fine paid.
-
Announcement under Regulation 30 (LODR)-Acquisition
29 May - Premier Energies incorporates wholly owned subsidiary for energy storage systems manufacturing.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 May
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.