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 ₹ 48,821 Cr.
- Current Price ₹ 1,083
- High / Low ₹ 1,388 / 756
- Stock P/E 52.1
- Book Value ₹ 62.6
- Dividend Yield 0.05 %
- ROCE 41.5 %
- ROE 54.0 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 90.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.2%
Cons
- Stock is trading at 17.3 times its book value
- Working capital days have increased from 39.8 days to 80.0 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 Nifty 500 BSE MidCap Nifty Midcap 100 BSE IPO Nifty 200
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 947 | 701 | 743 | 1,429 | 3,144 | 6,519 | |
| 853 | 648 | 713 | 1,350 | 2,666 | 4,738 | |
| Operating Profit | 94 | 54 | 30 | 78 | 478 | 1,781 |
| OPM % | 10% | 8% | 4% | 5% | 15% | 27% |
| 19 | 35 | 25 | 36 | 29 | 134 | |
| Interest | 35 | 22 | 43 | 69 | 121 | 177 |
| Depreciation | 17 | 12 | 28 | 53 | 96 | 498 |
| Profit before tax | 61 | 56 | -16 | -8 | 289 | 1,240 |
| Tax % | 26% | 54% | -8% | 72% | 20% | 24% |
| 45 | 26 | -14 | -13 | 231 | 937 | |
| EPS in Rs | 1.50 | 0.94 | -0.55 | -0.49 | 8.78 | 20.79 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 106% |
| TTM: | 107% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 91% |
| 3 Years: | 298% |
| TTM: | 306% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 43% |
| Last Year: | 54% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 26 | 26 | 26 | 45 |
| Reserves | 206 | 197 | 368 | 385 | 620 | 2,777 |
| 256 | 347 | 455 | 765 | 1,402 | 1,954 | |
| 342 | 406 | 491 | 934 | 1,489 | 2,066 | |
| Total Liabilities | 828 | 975 | 1,340 | 2,110 | 3,537 | 6,841 |
| 263 | 425 | 479 | 592 | 1,203 | 978 | |
| CWIP | 21 | 0 | 114 | 349 | 20 | 242 |
| Investments | 6 | 9 | 55 | 59 | 9 | 845 |
| 538 | 541 | 693 | 1,110 | 2,305 | 4,776 | |
| Total Assets | 828 | 975 | 1,340 | 2,110 | 3,537 | 6,841 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -66 | 237 | 5 | 37 | 90 | 1,348 | |
| -56 | -353 | -218 | -304 | -447 | -2,410 | |
| 134 | 109 | 279 | 252 | 549 | 1,608 | |
| Net Cash Flow | 13 | -7 | 66 | -16 | 192 | 546 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 74 | 84 | 71 | 15 | 71 | 45 |
| Inventory Days | 56 | 44 | 135 | 197 | 157 | 121 |
| Days Payable | 76 | 114 | 168 | 124 | 152 | 88 |
| Cash Conversion Cycle | 55 | 14 | 38 | 88 | 76 | 78 |
| Working Capital Days | 78 | 28 | 32 | -8 | 47 | 80 |
| ROCE % | 13% | 4% | 6% | 25% | 41% |
Documents
Announcements
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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.
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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
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
22 May - Premier Energies reports 110% revenue growth, announces INR125bn capex for 10GW capacity by 2028, expanding into battery storage.
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.