Premier Explosives Ltd
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]
- Market Cap ₹ 3,503 Cr.
- Current Price ₹ 650
- High / Low ₹ 909 / 185
- Stock P/E 129
- Book Value ₹ 40.9
- Dividend Yield 0.05 %
- ROCE 18.0 %
- ROE 13.5 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- 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 15.9 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 293 | |
100 | 128 | 137 | 167 | 201 | 246 | 217 | 161 | 147 | 177 | 176 | 213 | 235 | |
Operating Profit | 10 | 17 | 13 | 18 | 29 | 20 | 24 | -5 | 7 | 22 | 26 | 58 | 57 |
OPM % | 9% | 12% | 8% | 10% | 13% | 8% | 10% | -3% | 4% | 11% | 13% | 22% | 20% |
2 | 1 | 1 | -2 | 1 | 2 | 3 | 1 | -8 | 2 | 2 | 4 | 5 | |
Interest | 2 | 2 | 2 | 4 | 4 | 5 | 6 | 6 | 7 | 8 | 9 | 11 | 11 |
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 | 39 |
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 | 27 | |
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 | 5.05 |
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: | 38% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 19% |
3 Years: | 166% |
TTM: | 99% |
Stock Price CAGR | |
---|---|
10 Years: | 35% |
5 Years: | 78% |
3 Years: | 139% |
1 Year: | 240% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 9 | 9 | 9 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
Reserves | 40 | 48 | 53 | 57 | 115 | 186 | 199 | 186 | 174 | 179 | 184 | 210 |
13 | 13 | 20 | 23 | 38 | 46 | 28 | 60 | 61 | 80 | 87 | 66 | |
29 | 38 | 31 | 41 | 56 | 64 | 59 | 49 | 48 | 53 | 77 | 159 | |
Total Liabilities | 90 | 107 | 113 | 130 | 218 | 306 | 296 | 306 | 294 | 323 | 359 | 445 |
38 | 41 | 41 | 39 | 99 | 100 | 113 | 112 | 180 | 180 | 189 | 198 | |
CWIP | 1 | 2 | 0 | 2 | 4 | 16 | 35 | 62 | 2 | 4 | 2 | 3 |
Investments | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
46 | 59 | 67 | 83 | 110 | 185 | 143 | 128 | 107 | 134 | 162 | 238 | |
Total Assets | 90 | 107 | 113 | 130 | 218 | 306 | 296 | 306 | 294 | 323 | 359 | 445 |
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% | 25% | 13% | 18% | 22% | 9% | 9% | -4% | 1% | 6% | 7% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Transcript of Conference Call pertaining to the first quarter ended June 30, 2024 results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Jul - Newspaper publication of Unaudited Financial Results for the quarter ended June 30, 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 Jul - Audio recording of earnings conference call Q1FY25 Results.
- Announcement under Regulation 30 (LODR)-Investor Presentation 18 Jul
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Announcement under Regulation 30 (LODR)-Change in Directorate
18 Jul - The Board at their meeting held today ie., 30th June 2024 have approved the unaudited financial results and appointment of additional directors on Board.
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
from bse
Concalls
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Jul 2024Transcript PPT REC
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Jun 2024Transcript PPT
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Jan 2024Transcript PPT
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Jan 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Jul 2023Transcript PPT
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Jul 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jul 2021Transcript PPT
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Feb 2021Transcript PPT
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Oct 2020Transcript PPT
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Sep 2020Transcript PPT
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Jul 2020Transcript PPT
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Feb 2020Transcript PPT
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Nov 2019Transcript PPT
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Aug 2019Transcript PPT
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May 2019Transcript PPT
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Jan 2019Transcript PPT
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Nov 2018Transcript PPT
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Aug 2018Transcript PPT
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May 2018Transcript PPT
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Feb 2018Transcript PPT
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Dec 2017Transcript PPT
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Sep 2017Transcript PPT
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Jun 2017Transcript PPT
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Apr 2017TranscriptNotesPPT
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Feb 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016Transcript PPT
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May 2016TranscriptPPT
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Mar 2016TranscriptPPT
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Feb 2016Transcript PPT
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Nov 2015Transcript PPT
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Aug 2015TranscriptPPT
Product Portfolio
Propellants: Pyrogen igniters, Case-bonded propellants, Freestanding grains, Fuel rich, Grains Gas generators, Strap-on motors for PSLV, etc.
Pyros: Pyro cartridges, Pyro actuators, Smoke/flash generators, etc.
Explosives: Bombs, Warheads ammunition, Mines, HMX / RDX, and their components, etc.
Counter Measures: Chaffs and Flares. [1]
It is the only Qualified Indian company for Countermeasures and the only Indian company which is into export of Fully assembled Rocket motors.[2]