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 ₹ 46,709 Cr.
- Current Price ₹ 1,036
- High / Low ₹ 1,134 / 660
- Stock P/E 326
- Book Value ₹ 42.7
- Dividend Yield 0.10 %
- ROCE 10.1 %
- ROE 7.63 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 28.8% CAGR over last 5 years
Cons
- Stock is trading at 24.3 times its book value
- Promoter holding has decreased over last quarter: -5.46%
- The company has delivered a poor sales growth of 3.01% over past five years.
- Company has a low return on equity of 7.43% over last 3 years.
- Earnings include an other income of Rs.60.1 Cr.
- Debtor days have increased from 59.6 to 78.9 days.
* 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 643 | 685 | 748 | 721 | 1,050 | 989 | 794 | |
| 594 | 619 | 730 | 712 | 1,039 | 917 | 623 | |
| Operating Profit | 50 | 66 | 18 | 9 | 11 | 72 | 171 |
| OPM % | 8% | 10% | 2.3% | 1.3% | 1.1% | 7% | 22% |
| 13 | 18 | 34 | 33 | 24 | 89 | 60 | |
| Interest | 15 | 15 | 15 | 16 | 15 | 5 | 17 |
| Depreciation | 11 | 10 | 8 | 8 | 12 | 17 | 11 |
| Profit before tax | 37 | 59 | 28 | 18 | 9 | 140 | 203 |
| Tax % | 25% | 27% | 37% | 22% | 23% | 22% | 29% |
| 28 | 43 | 18 | 14 | 7 | 109 | 143 | |
| EPS in Rs | 1.12 | 1.72 | 0.67 | 0.52 | 0.27 | 2.42 | 3.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 21% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 3% |
| TTM: | -20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 124% |
| TTM: | 32% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 7% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 26 | 26 | 26 | 45 | 45 |
| Reserves | 165 | 210 | 413 | 428 | 440 | 1,770 | 1,890 |
| 59 | 72 | 33 | 78 | 31 | 8 | 608 | |
| 269 | 333 | 306 | 247 | 344 | 301 | 303 | |
| Total Liabilities | 518 | 639 | 778 | 779 | 841 | 2,124 | 2,846 |
| 100 | 97 | 97 | 88 | 85 | 68 | 75 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 52 | 95 | 228 | 307 | 345 | 1,378 | 2,044 |
| 366 | 447 | 454 | 384 | 411 | 678 | 727 | |
| Total Assets | 518 | 639 | 778 | 779 | 841 | 2,124 | 2,846 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 25 | 74 | 52 | -8 | 114 | 50 | 70 | |
| -36 | -74 | -136 | -52 | -17 | -1,082 | -763 | |
| 8 | 4 | 136 | 8 | -66 | 1,205 | 549 | |
| Net Cash Flow | -3 | 4 | 52 | -52 | 32 | 173 | -143 |
| Free Cash Flow | 23 | 71 | 45 | -8 | 115 | 51 | 69 |
| CFO/OP | 72% | 134% | 388% | -89% | 1,069% | 120% | 68% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 78 | 88 | 64 | 65 | 39 | 61 | 79 |
| Inventory Days | 79 | 76 | 61 | 64 | 41 | 13 | 47 |
| Days Payable | 96 | 112 | 115 | 104 | 115 | 104 | 144 |
| Cash Conversion Cycle | 60 | 52 | 11 | 25 | -35 | -30 | -18 |
| Working Capital Days | 41 | 21 | 9 | 13 | -19 | -0 | 31 |
| ROCE % | 25% | 11% | 7% | 5% | 12% | 10% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cell Installed Capacity GW |
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| Module Installed Capacity GW |
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| Solar Cell Production MW |
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| Solar Module Production MW |
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| Cell Effective Capacity Utilization % |
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| Module Effective Capacity Utilization % |
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| Order Book Value INR Mn |
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| Order Book Volume MW |
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Extracted by Screener AI
Documents
Announcements
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Revised Analyst/Investor Meet - Intimation
1d - Premier Energies will host Q1 FY27 earnings call on August 7, 2026 at 10:00 A.M. IST.
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Analyst/Investor Meet - Intimation
1d - Premier Energies will host Q1 FY27 earnings call on August 7, 2026 at 10:00 AM IST.
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Board Meeting Intimation for Board Meeting Intimation To Consider And Approve The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30, 2026 And Other Business Matters
29 Jul - Board meeting on August 6, 2026 to approve Q1 results, AGM notice, and ₹5,000 crore fund raising.
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Incorporation Of A Wholly Owned Subsidiary Of Premier Energies Limited
16 Jul - Premier Energies incorporated wholly owned subsidiary Premier Battery Technologies Private Limited on July 15, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9 Jul - Premier Energies inaugurated 5.6 GW Seetharampur plant; module capacity reaches 11.1 GW, with BESS and frames projects begun.
Concalls
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May 2026Transcript PPT REC
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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 2025TranscriptPPT 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
Market Position[1] [2]
The company is one of India’s leading providers of cleantech solutions with a portfolio of complementary products. It holds approximately 100% market share of solar cell exports from India to the United States.
The company is one of the first Indian manufacturers to produce TOPCon solar cells and is also ranked among the top 13 global module manufacturers, as per Terawatt PV ratings. [3] [4]