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 ₹ 38,312 Cr.
- Current Price ₹ 846
- High / Low ₹ 1,379 / 756
- Stock P/E 32.1
- Book Value ₹ 76.2
- Dividend Yield 0.12 %
- ROCE 41.1 %
- ROE 53.6 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 90.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 42.9%
Cons
- Stock is trading at 11.1 times its book value
* 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
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 | TTM | |
|---|---|---|---|---|---|---|---|
| 947 | 701 | 743 | 1,429 | 3,144 | 6,519 | 6,992 | |
| 853 | 648 | 713 | 1,350 | 2,666 | 4,738 | 4,841 | |
| Operating Profit | 94 | 54 | 30 | 78 | 478 | 1,781 | 2,151 |
| OPM % | 10% | 8% | 4% | 5% | 15% | 27% | 31% |
| 19 | 35 | 25 | 36 | 29 | 134 | 229 | |
| Interest | 35 | 22 | 43 | 69 | 121 | 177 | 159 |
| Depreciation | 17 | 12 | 28 | 53 | 96 | 498 | 632 |
| Profit before tax | 61 | 56 | -16 | -8 | 289 | 1,240 | 1,589 |
| Tax % | 26% | 54% | -8% | 72% | 20% | 24% | |
| 45 | 26 | -14 | -13 | 231 | 937 | 1,194 | |
| EPS in Rs | 1.50 | 0.94 | -0.55 | -0.49 | 8.78 | 20.79 | 26.45 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 106% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 90% |
| 3 Years: | 297% |
| TTM: | 117% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -36% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 26 | 26 | 26 | 45 | 45 |
| Reserves | 206 | 197 | 368 | 385 | 620 | 2,777 | 3,409 |
| 256 | 347 | 455 | 765 | 1,401 | 1,954 | 1,622 | |
| 342 | 406 | 491 | 934 | 1,489 | 2,065 | 2,658 | |
| Total Liabilities | 828 | 975 | 1,340 | 2,110 | 3,537 | 6,841 | 7,734 |
| 263 | 425 | 479 | 592 | 1,203 | 978 | 1,653 | |
| CWIP | 21 | 0 | 114 | 349 | 20 | 242 | 327 |
| Investments | 6 | 9 | 55 | 59 | 9 | 845 | 714 |
| 538 | 541 | 693 | 1,110 | 2,305 | 4,775 | 5,040 | |
| Total Assets | 828 | 975 | 1,340 | 2,110 | 3,537 | 6,841 | 7,734 |
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 | 52 | -24 | -28 | -58 | -12 | -22 |
| ROCE % | 13% | 4% | 6% | 25% | 41% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Premier Energies secures ₹2,307.30 crore orders in Q3 FY26; execution in FY27–FY28.
- Closure of Trading Window 29 Dec
-
Announcement under Regulation 30 (LODR)-Updates on Acquisition
24 Dec - First tranche: 52,009 shares in Transcon Ind for INR 250,00,20,621; Premier now 34.21%; balance by 20 Feb 2026.
-
Announcement under Regulation 30 (LODR)-Credit Rating
3 Dec - CARE Ratings upgraded/assigned ratings on Dec 03, 2025 for Premier Energies group facilities totalling Rs1,690.26 crore.
-
Announcement Under Regulation 30 (LODR) - Updates
27 Nov 2025 - Premier Energies holds 80% in JV; 25,000 shares allotted; JV to raise ~Rs.60 crore for aluminium-frame extrusion project.
Concalls
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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
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Feb 2025TranscriptAI SummaryPPT REC
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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.