Premier Energies Ltd
PREMIERENEPremier Energies Ltd
PREMIERENEPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
— | 75.53 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
24.92 | 3.78 | 1.14% |
Forecast & Ratings
Detailed Forecast from 1 analyst
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Premier Energies manufactures solar photovoltaic cells and modules, providing EPC services for large-scale solar projects, including rooftop and canal top installations in India.
Peers
Compare with peersAdani Green Energy Ltd
NHPC Ltd
SJVN Ltd
Jaiprakash Power Ventures Ltd
KPI Green Energy Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
Revenue Forecast
Earnings Per Share Forecast
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 965.94 | 736.89 | 768.21 | 1,464.43 | 3,172.63 | — | ||||||
Raw Materials | 737.71 | 528.79 | 626.85 | 1,267.34 | 2,467.90 | — | ||||||
Power & Fuel Cost | 3.78 | 3.08 | 15.13 | 35.31 | 67.33 | |||||||
Employee Cost | 17.69 | 17.37 | 22.08 | 42.14 | 58.63 | |||||||
Selling & Administrative Expenses | 26.30 | 21.98 | 25.09 | 20.18 | 51.44 | |||||||
Operating & Other expenses | 67.88 | 76.55 | 24.15 | -14.64 | 20.70 | |||||||
EBITDA | 112.58 | 89.12 | 54.91 | 114.10 | 506.63 | — | ||||||
Depreciation/Amortization | 16.92 | 11.64 | 27.60 | 53.23 | 96.09 | — | ||||||
PBIT | 95.66 | 77.48 | 27.31 | 60.87 | 410.54 | — | ||||||
Interest & Other Items | 34.84 | 21.66 | 43.00 | 68.63 | 121.18 | — | ||||||
PBT | 60.82 | 55.82 | -15.69 | -7.76 | 289.36 | — | ||||||
Taxes & Other Items | 23.56 | 32.35 | -1.34 | 5.05 | 58.01 | — | ||||||
Net Income | 37.26 | 23.47 | -14.35 | -12.81 | 231.35 | — | ||||||
EPS | 1.50 | 0.94 | -0.56 | -0.49 | 8.78 | — | ||||||
DPS | 0.00 | 0.00 | 0.00 | 0.00 | — | — | ||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Company Updates
Peers & Comparison
UtilitiesRenewable Energy
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Premier Energies Ltd | 215.44 | 75.53 | — |
Adani Green Energy Ltd | 256.40 | 16.16 | — |
NHPC Ltd | 25.17 | 2.08 | 2.09% |
SJVN Ltd | 51.33 | 3.33 | 1.51% |
Price Comparison
Compare PREMIERENE with any stock or ETFShareholdings
Promoter Holdings Trend
Institutional Holdings Trend
No institutional holdings trend are available
Shareholding Pattern
Apr 2024
Aug 2024
Shareholding History
Mutual Funds Holding Trend
No mutual funds holding trends are available
Top 5 Mutual Funds holding Premier Energies Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
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Motilal Oswal Large and Midcap Fund-Direct Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4106% | Percentage of the fund’s portfolio invested in the stock 2.98% | Change in the portfolio weight of the stock over the last 3 months 2.98% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 16/37 (+18) |
Axis Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2744% | Percentage of the fund’s portfolio invested in the stock 0.41% | Change in the portfolio weight of the stock over the last 3 months 0.41% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 83/114 (+26) |
Motilal Oswal ELSS Tax Saver Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2354% | Percentage of the fund’s portfolio invested in the stock 2.79% | Change in the portfolio weight of the stock over the last 3 months 2.79% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 21/38 (+17) |
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Events
Dividend Trend
No Dividends
PREMIERENE has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
This initiative falls under Component-B of PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) Scheme aimed at ensuring energy security for farmers in India The order includes supply, installation, and commissioning with 5 years comprehensive warranty of 8,085 solar water pumping systems in Uttar Pradesh (AP). The said order is worth Rs 217 crore and it will be completed on or before March 2025. The shares of Premier Energies entered the stock market on 3 September 2024. The scrip was listed at Rs 991, a premium of 120.22% to the issue price, Rs 450 per share. Premier Energies is an integrated manufacturer of solar PV cells and solar modules, including custom-made modules for specific applications. The company's consolidated net profit surged to Rs 198.16 crore in Q1 FY25 as compared with Rs 31.33 crore in Q1 FY24. Net sales stood at Rs 1,657.37 crore, steeply higher than Rs 611.02 crore in Q1 FY24. Powered by Capital Market - Live
Premier Energies has received order from Uttar Pradesh Department of Agriculture for the supply, installation, and commissioning with 5 years comprehensive warranty of 8,085 solar water pumping systems across various districts in the state. This project, valued at Rs. 215 crore, is scheduled for completion by March 2025. Powered by Capital Market - Live
The scrip was listed at Rs 991, exhibiting a significant premium of 120.22% to the issue price. So far, the stock has hit a high of 993.45 and a low of 860. On the BSE, over 28.78 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Premier Energies was subscribed 74.38 times. The issue opened for bidding on 27 August 2024 and it closed on 29 August 2024. The price band of the IPO was fixed between Rs 427 to 450 per share. The IPO comprised an offer for sale of 3.42 crore equity shares and fresh issue of equity shares, aggregating to Rs 1,291.4 crore. Of the net proceeds from the fresh issue, about Rs 968.60 crore will be used for investment in Premier Energies Global Environment, a subsidiary, for part-financing the establishment of 4 GW Solar PV TOPConcell and 4 GW Solar PV TOPConmodule manufacturing facility in Hyderabad. The balance will be for general corporate purposes. Ahead of the IPO, Premier Energies on Monday, 26 August 2024, raised Rs 846.11 crore from anchor investors. The board allotted 1.88 lakh shares at Rs 450 each to 60 anchor investors. Premier Energies is an integrated manufacturer of solar PV cells and solar modules, including custom-made modules for specific applications. EPC projects comprise end-to-end solar services for ground-mounted, rooftop, floating, canal bank, canal top and hybrid power generation systems as well as O&M services for projects executed. Further, the company makes customized products such as bespoke solar tiles. It is an independent power producer, generating 2MW solar power from its plant in Jharkhand. The aggregate annual installed capacity for solar cells stood at 2 GW and solar modules 4.13 GW, spread across five manufacturing facilities in Hyderabad, as of August 2024. Of the total annual installed capacity, about 1.25 GW of solar cell and 1.6 GW of solar module manufacturing is housed in PEL, a 74% subsidiary. The balance is with two other 100% subsidiaries. The firm reported a net profit of Rs 198.16 crore and sales of Rs 1,657.37 crore for the three months ended on 30 June 2024. Powered by Capital Market - Live
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant