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 ₹ 48,929 Cr.
- Current Price ₹ 1,085
- High / Low ₹ 1,268 / 802
- Stock P/E 6,980
- Book Value ₹ 38.3
- Dividend Yield 0.00 %
- ROCE 4.81 %
- ROE 1.54 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 58.4 to 44.9 days.
Cons
- Stock is trading at 28.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 2.96% over last 3 years.
- Earnings include an other income of Rs.24.5 Cr.
- Company's cost of borrowing seems high
* 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: Capital Goods - Electrical Equipment Industry: Electric Equipment
Part of BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 643 | 685 | 748 | 710 | 1,050 | |
| 594 | 619 | 730 | 712 | 1,039 | |
| Operating Profit | 50 | 66 | 18 | -2 | 11 |
| OPM % | 8% | 10% | 2% | -0% | 1% |
| 13 | 18 | 34 | 45 | 25 | |
| Interest | 15 | 15 | 15 | 16 | 15 |
| Depreciation | 11 | 10 | 8 | 8 | 12 |
| Profit before tax | 37 | 59 | 28 | 18 | 9 |
| Tax % | 25% | 27% | 37% | 22% | 23% |
| 28 | 43 | 18 | 14 | 7 | |
| EPS in Rs | 1.12 | 1.72 | 0.67 | 0.52 | 0.27 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| TTM: | 48% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -44% |
| TTM: | -45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 26 | 26 | 45 |
| Reserves | 165 | 210 | 413 | 428 | 1,680 |
| 59 | 72 | 33 | 47 | 17 | |
| 269 | 333 | 306 | 277 | 442 | |
| Total Liabilities | 518 | 639 | 778 | 779 | 2,184 |
| 100 | 97 | 97 | 88 | 70 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 52 | 95 | 228 | 307 | 354 |
| 366 | 447 | 454 | 383 | 1,760 | |
| Total Assets | 518 | 639 | 778 | 779 | 2,184 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 25 | 74 | ||||
| -36 | -74 | ||||
| 8 | 4 | ||||
| Net Cash Flow | -3 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 78 | 88 | 64 | 66 | |
| Inventory Days | 79 | 76 | 61 | 64 | |
| Days Payable | 96 | 112 | 115 | 121 | |
| Cash Conversion Cycle | 60 | 52 | 11 | 10 | |
| Working Capital Days | 59 | 40 | 16 | 40 | |
| ROCE % | 25% | 11% | 7% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Credit Rating
13 Nov - CRISIL upgrades Premier Energies' credit ratings to A-/Positive.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 12 Nov
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 Nov - Transcript of conference call on Q2 financial results.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - Announcement for Newspaper Publication relating to reporting of financial results quarterly and half yearly ended 30th September, 2024
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9 Nov - Of Investors Meet with multiple institutional investors will be held on 13th November 2024 in Mumbai.
Concalls
-
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.