Premier Explosives Ltd

Prem. Explosives Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Premier Explosives Ltd

₹ 332 1.22%
12 Mar 9:51 a.m.
pelgel.com BSE: 526247 NSE: PREMEXPLN
About

Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) services of solid
propellant plants at the Sriharikota Centre of ISRO and Solid Fuel Complex at Jagdalpur
under the umbrella of DRDO. [1]

Key Points

Business Segments
1) Defence & Space (84% in 9M FY25 vs 63% in FY22): [1] [2] The company manufactures Solid Propellants, Fully assembled Rocket Motors, High Explosive Charges, Chaffs and Flares, Pyro initiators, etc for the Defence & Space segment. Its key clients include Bharat Electronics, ASL, ISRO, Bharat Dynamics Ltd, etc. [3] It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Sriharikota Centre of ISRO and Solid Fuel Complex at Jagdalpur under the umbrella of DRDO. It is India's first private manufacturer and Supplier of Solid Propellants and the only domestic manufacturer and supplier to the Indian Defence segment. [4]

Website BSE NSE
  • Market Cap ₹ 1,782 Cr.
  • Current Price ₹ 332
  • High / Low ₹ 909 / 263
  • Stock P/E 56.6
  • Book Value ₹ 43.8
  • Dividend Yield 0.14 %
  • ROCE 18.0 %
  • ROE 13.5 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 19.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 21.9%
  • Company's working capital requirements have reduced from 133 days to 94.5 days

Cons

  • Stock is trading at 7.47 times its book value
  • Company has a low return on equity of 6.93% over last 3 years.

* 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

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
50.81 60.45 51.77 60.64 37.30 52.32 61.95 78.42 44.56 86.79 82.86 94.60 165.92
46.36 55.51 45.97 53.43 32.60 44.21 45.29 56.55 39.67 71.70 67.35 77.96 150.47
Operating Profit 4.45 4.94 5.80 7.21 4.70 8.11 16.66 21.87 4.89 15.09 15.51 16.64 15.45
OPM % 8.76% 8.17% 11.20% 11.89% 12.60% 15.50% 26.89% 27.89% 10.97% 17.39% 18.72% 17.59% 9.31%
0.78 0.66 0.45 0.80 0.78 0.13 0.30 0.41 2.88 0.46 1.17 1.06 0.22
Interest 1.79 2.00 2.11 2.07 2.22 2.80 2.88 3.33 2.33 2.25 3.25 2.61 4.06
Depreciation 2.29 2.26 2.37 2.40 2.58 2.47 2.70 2.79 3.06 2.97 2.81 2.87 2.87
Profit before tax 1.15 1.34 1.77 3.54 0.68 2.97 11.38 16.16 2.38 10.33 10.62 12.22 8.74
Tax % 47.83% 11.94% 29.38% 28.81% 16.18% 21.21% 27.86% 28.16% 29.83% 35.82% 31.45% 31.34% -5.03%
0.61 1.18 1.26 2.51 0.58 2.34 8.21 11.61 1.67 6.63 7.28 8.39 9.19
EPS in Rs 0.11 0.22 0.23 0.47 0.11 0.43 1.53 2.16 0.31 1.23 1.35 1.56 1.71
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
109 145 149 185 230 266 241 157 153 199 202 272 430
100 128 137 167 201 246 217 161 147 177 176 213 367
Operating Profit 10 17 13 18 29 20 24 -5 7 22 26 58 63
OPM % 9% 12% 8% 10% 13% 8% 10% -3% 4% 11% 13% 22% 15%
2 1 1 -2 1 2 3 1 -8 2 2 4 3
Interest 2 2 2 4 4 5 6 6 7 8 9 11 12
Depreciation 2 2 3 3 3 4 4 5 6 9 10 12 12
Profit before tax 7 13 8 8 23 13 16 -15 -15 7 9 40 42
Tax % 28% 29% 30% 32% 32% 35% 28% -34% -28% 23% 25% 30%
5 9 5 6 15 9 12 -10 -11 6 7 28 31
EPS in Rs 1.32 2.20 1.20 1.28 3.49 1.64 2.18 -1.78 -2.00 1.04 1.24 5.23 5.85
Dividend Payout % 38% 25% 33% 31% 17% 30% 25% 0% 0% 29% 27% 10%
Compounded Sales Growth
10 Years: 6%
5 Years: 2%
3 Years: 21%
TTM: 81%
Compounded Profit Growth
10 Years: 11%
5 Years: 19%
3 Years: 166%
TTM: 32%
Stock Price CAGR
10 Years: 21%
5 Years: 80%
3 Years: 72%
1 Year: 17%
Return on Equity
10 Years: 5%
5 Years: 3%
3 Years: 7%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 8 8 9 9 9 11 11 11 11 11 11 11 11
Reserves 40 49 53 57 115 188 199 186 174 179 184 210 225
13 13 20 23 38 46 28 60 61 80 87 66 95
29 37 31 41 56 62 59 49 48 53 77 159 185
Total Liabilities 90 107 113 130 218 306 296 306 294 323 359 445 516
38 41 41 39 99 100 113 112 180 180 189 198 197
CWIP 1 2 0 2 4 16 35 62 2 4 2 3 2
Investments 5 5 5 5 5 5 5 5 5 5 5 5 5
46 59 67 83 110 185 143 128 107 134 162 238 312
Total Assets 90 107 113 130 218 306 296 306 294 323 359 445 516

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 6 -2 10 -6 -21 48 -9 11 0 20 79
-8 -4 -3 -4 -10 -46 -25 -15 -4 -13 -16 -25
5 -3 5 -3 14 68 -23 23 -7 12 -4 -34
Net Cash Flow -3 -0 0 3 -3 1 -0 -0 -1 -0 -0 20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 58 74 81 84 88 133 98 110 106 129 97 98
Inventory Days 112 92 111 80 100 82 84 192 182 142 335 290
Days Payable 47 41 37 43 44 52 68 86 84 79 66 51
Cash Conversion Cycle 123 125 155 121 145 163 114 216 205 191 365 336
Working Capital Days 51 54 89 70 95 124 89 148 133 144 161 94
ROCE % 17% 24% 13% 18% 22% 9% 9% -4% 1% 6% 7% 18%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
41.33% 41.33% 41.33% 41.33% 41.33% 41.33% 41.33% 41.33% 41.33% 41.33% 41.33% 41.33%
0.28% 0.19% 0.28% 0.27% 0.17% 0.26% 0.45% 0.32% 0.27% 0.62% 0.36% 0.39%
3.46% 3.37% 3.35% 3.36% 3.42% 3.31% 7.61% 9.27% 10.27% 9.43% 8.37% 8.20%
54.93% 55.11% 55.03% 55.04% 55.08% 55.08% 50.61% 49.08% 48.11% 48.60% 49.93% 50.08%
No. of Shareholders 9,3119,1049,61210,3509,99111,18820,51524,06024,93363,79480,39883,708

* 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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