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 ₹ 52,745 Cr.
- Current Price ₹ 1,168
- High / Low ₹ 1,268 / 802
- Stock P/E 4,153
- 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 (LODR)-Award_of_Order_Receipt_of_Order
2 Nov - Premier Energies secures orders worth INR 560 Crores.
- Closure of Trading Window 30 Oct
-
Board Meeting Intimation for Notice Of Board Meeting Scheduled On Friday, November 08,
2024
30 Oct - Board meeting scheduled for financial results approval.
-
Issuance Of Corporate Guarantees In Favor Of The Working Capital Bankers Of Its Subsidiary Companies.
23 Oct - Approval of corporate guarantees for subsidiary working capital.
-
Certificate Under Regulation 74(5) Of SEBI (Depositories And Participants) Regulations 2018
18 Oct - Certificate under Regulation 74(5) for Q3 2024.
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.