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 ₹ 42,280 Cr.
- Current Price ₹ 938
- High / Low ₹ 1,388 / 802
- Stock P/E 183
- Book Value ₹ 51.0
- Dividend Yield 0.05 %
- ROCE 25.2 %
- ROE 43.7 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 18.4 times its book value
- Debtor days have increased from 52.4 to 70.7 days.
* 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 MidCap Nifty 200 BSE IPO Nifty Midcap 150 Nifty MidSmallcap 400
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 947 | 701 | 743 | 1,429 | 3,144 | |
| 853 | 648 | 713 | 1,350 | 2,666 | |
| Operating Profit | 94 | 54 | 30 | 78 | 478 |
| OPM % | 10% | 8% | 4% | 5% | 15% |
| 19 | 35 | 25 | 36 | 29 | |
| Interest | 35 | 22 | 43 | 69 | 121 |
| Depreciation | 17 | 12 | 28 | 53 | 96 |
| Profit before tax | 61 | 56 | -16 | -8 | 289 |
| Tax % | 26% | 54% | -8% | 72% | 20% |
| 45 | 26 | -14 | -13 | 231 | |
| EPS in Rs | 1.50 | 0.94 | -0.55 | -0.49 | 8.78 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 65% |
| TTM: | 120% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 119% |
| TTM: | 1656% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| Last Year: | 44% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 26 | 26 | 26 | 45 |
| Reserves | 206 | 197 | 368 | 385 | 620 | 2,254 |
| 256 | 347 | 455 | 765 | 1,402 | 1,257 | |
| 342 | 406 | 491 | 934 | 1,489 | 1,735 | |
| Total Liabilities | 828 | 975 | 1,340 | 2,110 | 3,537 | 5,291 |
| 263 | 425 | 479 | 592 | 1,203 | 1,203 | |
| CWIP | 21 | 0 | 114 | 349 | 20 | 25 |
| Investments | 6 | 9 | 55 | 59 | 9 | 184 |
| 538 | 541 | 693 | 1,110 | 2,305 | 3,879 | |
| Total Assets | 828 | 975 | 1,340 | 2,110 | 3,537 | 5,291 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -66 | 237 | 5 | 37 | 90 | |
| -56 | -353 | -218 | -304 | -447 | |
| 134 | 109 | 279 | 252 | 549 | |
| Net Cash Flow | 13 | -7 | 66 | -16 | 192 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 74 | 84 | 71 | 15 | 71 |
| Inventory Days | 56 | 44 | 135 | 197 | 157 |
| Days Payable | 76 | 114 | 168 | 124 | 152 |
| Cash Conversion Cycle | 55 | 14 | 38 | 88 | 76 |
| Working Capital Days | 78 | 28 | 32 | -8 | 47 |
| ROCE % | 13% | 4% | 6% | 25% |
Documents
Announcements
- Closure of Trading Window 2d
- Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Mar
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
7 Mar - Postal ballot for multiple resolutions including director appointments and ESOPs.
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Board Meeting Outcome for Outcome Of The Board Meeting
3 Mar - Approval of project variation and director re-appointment.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
14 Feb - Premier Energies received orders worth INR 1234 Crore for solar modules.
Concalls
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Feb 2025Transcript PPT
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Feb 2025TranscriptNotesPPT REC
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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.