Premier Energies Ltd

Premier Energies Ltd

₹ 1,296 0.08%
20 Dec - close price
About

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]

Key Points

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.

  • Market Cap 58,438 Cr.
  • Current Price 1,296
  • High / Low 1,388 / 802
  • Stock P/E 253
  • Book Value 51.0
  • Dividend Yield 0.00 %
  • ROCE 25.2 %
  • ROE 43.7 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 25.4 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Jun 2024 Sep 2024
611 694 1,657 1,527
540 595 1,299 1,147
Operating Profit 71 99 358 381
OPM % 12% 14% 22% 25%
6 8 12 26
Interest 18 21 45 42
Depreciation 15 16 79 90
Profit before tax 44 71 246 275
Tax % 28% 25% 19% 25%
31 53 198 206
EPS in Rs 1.19 2.01 5.93 4.57
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

12 Recently
Sep 2024
64.25%
3.08%
6.71%
25.07%
0.87%
No. of Shareholders 4,15,978

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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