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 ₹ 32,627 Cr.
- Current Price ₹ 720
- High / Low ₹ 1,164 / 660
- Stock P/E 24.5
- Book Value ₹ 76.2
- Dividend Yield 0.14 %
- ROCE 41.1 %
- ROE 53.6 %
- Face Value ₹ 1.00
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 9.44 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
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 | 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: | -20% |
| 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% |
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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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
2d - Acquired 1,04,550 shares for INR10,45,500; now holds 51% of HeliosAnthos; subsidiary from March 3, 2026.
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Clarification Letter In Relation To Volume Letter.
26 Feb - Premier Energies (Feb 26, 2026) says volume spike market-driven; no undisclosed price-sensitive information.
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Clarification sought from Premier Energies Ltd
26 Feb - Exchange has sought clarification from Premier Energies Ltd on February 26, 2026, with reference to Movement in Volume.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 Feb - Unveiled India’s first Zero Busbar (0BB) TOPCon solar cell; mentions Rs12,500 crore three-year capex plan.
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Rumour verification - Regulation 30(11)
25 Feb - Feb 25, 2026: Premier Energies denies UPSI regarding US solar tariff news; no material impact expected.
Concalls
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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 2025TranscriptAI SummaryPPT 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.