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 ₹ 45,428 Cr.
- Current Price ₹ 1,003
- High / Low ₹ 1,164 / 660
- Stock P/E 295
- Book Value ₹ 41.2
- 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 24.4 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: | 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 | 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 |
| Free Cash Flow | 23 | 71 | 45 | -8 | 115 | 51 |
| CFO/OP | 72% | 134% | 388% | -89% | 1,069% | 120% |
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% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Dec 2025 | |
|---|---|---|---|---|---|
| Annual Installed Capacity - Solar Cells MW |
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| Annual Installed Capacity - Solar Modules MW |
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| Total Order Book Value INR Mn |
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| Capacity Utilization - Solar Cells % |
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| Capacity Utilization - Solar Modules % |
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| Production Volume - Solar Cells MW |
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| Production Volume - Solar Modules MW |
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| Installed Transformer Capacity (Transcon) GVA |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Submitted Regulation 74(5) depository certificate for quarter ended March 31, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9 Apr - Premier Energies secured ₹2,577 crore orders for 1,600 MW solar cells and modules, executed across FY27-FY28.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
3 Apr - Premier Energies completed final tranche acquisition of Transcon Ind, paying Rs 250.31 crore for 51% stake.
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Closure of Trading Window
30 Mar - Trading window closed April 1, 2026 until 48 hours after audited results for quarter/year ended March 31, 2026.
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Premier Energies Commissions 5.6 GW Topcon Module
Solar Facility
30 Mar - Commissioned 5.6 GW TOPCon module plant at Seetharampur; trial production commenced; total capacity 11.1 GW.
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.