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 ₹ 46,159 Cr.
- Current Price ₹ 1,024
- High / Low ₹ 1,268 / 802
- Stock P/E 3,635
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 6.72 %
- ROE 2.84 %
- Face Value ₹ 1.00
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 7.02% over last 3 years.
- Earnings include an other income of Rs.44.6 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 643 | 685 | 748 | 710 | |
| 594 | 619 | 730 | 712 | |
| Operating Profit | 50 | 66 | 18 | -2 |
| OPM % | 8% | 10% | 2% | -0% |
| 13 | 18 | 34 | 45 | |
| Interest | 15 | 15 | 15 | 16 |
| Depreciation | 11 | 10 | 8 | 8 |
| Profit before tax | 37 | 59 | 28 | 18 |
| Tax % | 25% | 27% | 37% | 22% |
| 28 | 43 | 18 | 14 | |
| EPS in Rs | 1.12 | 1.72 | 0.67 | 0.52 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -23% |
| TTM: | -25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Equity Capital | 25 | 25 | 26 | 26 |
| Reserves | 165 | 210 | 413 | 428 |
| 59 | 72 | 33 | 47 | |
| 269 | 333 | 306 | 277 | |
| Total Liabilities | 518 | 639 | 778 | 779 |
| 100 | 97 | 97 | 88 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 52 | 95 | 228 | 307 |
| 366 | 447 | 454 | 383 | |
| Total Assets | 518 | 639 | 778 | 779 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 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 | |
|---|---|---|---|---|
| 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 Of SEBI (LODR) Regulation, 2015.
10h - Approval of corporate guarantee for subsidiary's working capital.
-
Announcement Of Credit Rating For Long Term Facilities Of Material Subsidiary Company
20 Sep - Credit rating assigned to Premier Energies International.
-
Intimation Of Receipt Of Work Order From Uttar Pradesh Department Of Agriculture For Supply Of 8085 Solar Water Pumps
5 Sep - Received Rs. 215 Crores order for solar pumping systems.
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Chairman''s Message
4 Sep - Chairman's communication on company listing milestone.
- Listing of Equity Shares of Premier Energies Ltd 3 Sep
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.