Premier Energies Ltd

Premier Energies Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Premier Energies Ltd

₹ 917 -2.17%
02 Apr - close price
premierenergies.com BSE: 544238 NSE: PREMIERENE
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 41,555 Cr.
  • Current Price ₹ 917
  • High / Low ₹ 1,164 / 660
  • Stock P/E 31.2
  • Book Value ₹ 76.2
  • Dividend Yield 0.11 %
  • ROCE 41.1 %
  • ROE 53.6 %
  • Face Value ₹ 1.00
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Pros

  • 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 12.0 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.

Peer comparison

Industrials Capital Goods Electrical Equipment Other Electrical Equipment

Part of BSE 500 BSE Capital Goods Nifty 500 Nifty Midcap 100 Nifty 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
611 694 712 1,127 1,657 1,527 1,713 1,621 1,821 1,837 1,936
540 595 589 942 1,299 1,147 1,200 1,092 1,272 1,276 1,343
Operating Profit 71 99 123 184 358 381 514 528 548 561 593
OPM % 12% 14% 17% 16% 22% 25% 30% 33% 30% 31% 31%
6 8 2 12 12 26 36 59 49 84 30
Interest 18 21 37 45 45 42 47 43 37 32 47
Depreciation 15 16 28 37 79 90 152 177 158 146 70
Profit before tax 44 71 61 115 246 275 351 368 403 467 505
Tax % 28% 25% 29% 9% 19% 25% 27% 25% 24% 24% 22%
31 53 43 104 198 206 255 278 308 353 392
EPS in Rs 1.19 2.01 1.64 3.95 5.93 4.57 5.66 6.16 6.83 7.80 8.65
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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 7,215
853 648 713 1,350 2,666 4,738 4,984
Operating Profit 94 54 30 78 478 1,781 2,231
OPM % 10% 8% 4% 5% 15% 27% 31%
19 35 25 36 29 134 223
Interest 35 22 43 69 121 177 160
Depreciation 17 12 28 53 96 498 550
Profit before tax 61 56 -16 -8 289 1,240 1,743
Tax % 26% 54% -8% 72% 20% 24%
45 26 -14 -13 231 937 1,331
EPS in Rs 1.50 0.94 -0.55 -0.49 8.78 20.79 29.44
Dividend Payout % 0% 0% 0% 0% 0% 2%
Compounded Sales Growth
10 Years: %
5 Years: 47%
3 Years: 106%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: 90%
3 Years: 297%
TTM: 74%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 3%
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
Free Cash Flow -90 -83 -178 -237 -359 728
CFO/OP -50% 467% 57% 60% 24% 98%

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%

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
Total Order Book Value
INR Mn
Capacity Utilization - Solar Cells
%
Capacity Utilization - Solar Modules
%
Production Volume - Solar Cells
MW
Production Volume - Solar Modules
MW
Installed Transformer Capacity (Transcon)
GVA

Shareholding Pattern

Numbers in percentages

Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
64.25% 64.25% 64.25% 64.25% 63.94% 63.94%
3.08% 2.31% 2.95% 4.38% 4.23% 4.48%
6.71% 7.95% 8.66% 12.96% 13.26% 12.72%
25.07% 24.62% 23.42% 17.70% 17.72% 18.08%
0.87% 0.87% 0.72% 0.70% 0.86% 0.80%
No. of Shareholders 4,15,9783,74,3133,88,5113,81,6233,76,1303,71,229

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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