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 ₹ 41,257 Cr.
- Current Price ₹ 909
- High / Low ₹ 1,134 / 660
- Stock P/E 278
- Book Value ₹ 42.7
- Dividend Yield 0.11 %
- ROCE 10.0 %
- ROE 7.57 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 28.6% CAGR over last 5 years
Cons
- Stock is trading at 21.3 times its book value
- The company has delivered a poor sales growth of 3.01% over past five years.
- Company has a low return on equity of 7.38% over last 3 years.
- Earnings include an other income of Rs.65.3 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.
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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 643 | 685 | 748 | 721 | 1,050 | 989 | 794 | 783 | |
| 594 | 619 | 730 | 712 | 1,039 | 917 | 623 | 595 | |
| Operating Profit | 50 | 66 | 18 | 9 | 11 | 72 | 171 | 188 |
| OPM % | 8% | 10% | 2.3% | 1.3% | 1.1% | 7% | 22% | 24% |
| 13 | 18 | 34 | 33 | 24 | 89 | 60 | 65 | |
| Interest | 15 | 15 | 15 | 16 | 15 | 5 | 17 | 33 |
| Depreciation | 11 | 10 | 8 | 8 | 12 | 17 | 11 | 12 |
| Profit before tax | 37 | 59 | 28 | 18 | 9 | 140 | 203 | 209 |
| Tax % | 25% | 27% | 37% | 22% | 23% | 22% | 29% | |
| 28 | 43 | 18 | 14 | 7 | 109 | 143 | 148 | |
| EPS in Rs | 1.12 | 1.72 | 0.67 | 0.52 | 0.27 | 2.42 | 3.16 | 3.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 21% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 3% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 124% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -12% |
| 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 | 56 | 70 | |
| -36 | -74 | -136 | -52 | -17 | -1,082 | -763 | |
| 8 | 4 | 136 | 8 | -66 | 1,200 | 549 | |
| Net Cash Flow | -3 | 4 | 52 | -52 | 32 | 173 | -143 |
| Free Cash Flow | 23 | 71 | 45 | -8 | 115 | 56 | 69 |
| CFO/OP | 72% | 134% | 388% | -89% | 1,069% | 127% | 68% |
Ratios
Standalone / 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 | 12 |
| ROCE % | 25% | 11% | 7% | 5% | 12% | 10% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cell Effective Capacity Utilization % |
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| Cell Installed Capacity GW |
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| Module Effective Capacity Utilization % |
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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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| 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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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Premier Energies secured ₹4,001 crore orders in Q2 FY27; 7 GW TOPCon facility commissioned.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) depository certificate filed for quarter ended September 30, 2026.
- Closure of Trading Window
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Incorporation Of A Wholly Owned Subsidiary In Singapore
- Premier Energies incorporated PE Horizon Pte. Ltd. in Singapore on September 23, 2026, with SGD 10,000 capital.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Concalls
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Aug 2026Transcript PPT REC
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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 2025Transcript REC
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Jul 2025PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Feb 2025PPT
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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]