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 ₹ 48,773 Cr.
- Current Price ₹ 1,074
- High / Low ₹ 1,136 / 660
- Stock P/E 341
- Book Value ₹ 42.7
- Dividend Yield 0.09 %
- 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 25.2 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 7.43% 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% | 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: | -1% |
| 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 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
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 27 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
27 May - Submitted Annual Secretarial Compliance Report for FY ended March 31, 2026.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
20 May - Earnings Call Transcript for the Q4 and FY 2025-26
- Announcement under Regulation 30 (LODR)-Newspaper Publication 17 May
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 May - Audio recording of 15 May 2026 analyst call on audited FY26 results available on website.
Concalls
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May 2026Transcript PPT
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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
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.