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 ₹ 47,832 Cr.
- Current Price ₹ 1,061
- High / Low ₹ 1,388 / 756
- Stock P/E 51.0
- 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 17.0 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 BSE 500 Nifty 500 BSE MidCap Nifty Midcap 100 BSE IPO
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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Closure of Trading Window
27 Jun - Trading window closed from July 1, 2025, till 48 hours post Q1 financial results announcement.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 Jun - Premier Energies commissions 1.2 GW TOPCon solar cell line, boosting capacity to 3.2 GW.
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Announcement under Regulation 30 (LODR)-Credit Rating
23 Jun - CRISIL upgrades Premier Energies' ratings; Rs 4,500 Cr capex planned for solar capacity expansion through 2027.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
19 Jun - Premier Energies subscribes Rs.1.05 Cr OCRPS in associate Mavyatho Ventures, increasing stake to 36.7%.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18 Jun - Premier Energies to hold investor meet with ICICI Securities on June 23, 2025, discussing public info only.
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.