Premier Energies Ltd
PREMIERENEPremier Energies Ltd
PREMIERENEPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
118.59 | 87.75 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
23.22 | 3.51 | 1.26% |
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.
Investor Presentation
View olderPeers
Compare with peersAdani Green Energy Ltd
Ntpc Green Energy Ltd
NHPC Ltd
SJVN Ltd
ACME Solar Holdings Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
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Earnings Per Share Forecast
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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 | 4,542.20 | ||||||
Raw Materials | 737.71 | 528.79 | 626.85 | 1,267.34 | 2,467.90 | 3,580.45 | ||||||
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 | 961.75 | ||||||
Depreciation/Amortization | 16.92 | 11.64 | 27.60 | 53.23 | 96.09 | 200.24 | ||||||
PBIT | 95.66 | 77.48 | 27.31 | 60.87 | 410.54 | 761.51 | ||||||
Interest & Other Items | 34.84 | 21.66 | 43.00 | 68.63 | 121.18 | 126.47 | ||||||
PBT | 60.82 | 55.82 | -15.69 | -7.76 | 289.36 | 635.04 | ||||||
Taxes & Other Items | 23.56 | 32.35 | -1.34 | 5.05 | 58.01 | 146.74 | ||||||
Net Income | 37.26 | 23.47 | -14.35 | -12.81 | 231.35 | 488.30 | ||||||
EPS | 1.19 | 0.75 | -0.44 | -0.39 | 7.77 | 18.53 | ||||||
DPS | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | ||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Investor Presentation
Peers & Comparison
UtilitiesRenewable Energy
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Premier Energies Ltd | 250.30 | 87.75 | — |
Adani Green Energy Ltd | 181.57 | 11.45 | — |
Ntpc Green Energy Ltd | 360.93 | 19.96 | — |
NHPC Ltd | 22.71 | 1.88 | 2.32% |
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
Sep 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) |
---|---|---|---|---|
Axis Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4115% | Percentage of the fund’s portfolio invested in the stock 0.75% | Change in the portfolio weight of the stock over the last 3 months 0.75% | 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 83/113 (+24) |
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 0.3943% | Percentage of the fund’s portfolio invested in the stock 3.16% | Change in the portfolio weight of the stock over the last 3 months 3.16% | 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 15/36 (+17) |
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 0.2364% | Percentage of the fund’s portfolio invested in the stock 3.18% | Change in the portfolio weight of the stock over the last 3 months 3.18% | 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 17/36 (+18) |
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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
The subsidiaries include Premier Energies Global Environment, Premier Energies International and Premier Energies Photovoltaic. The orders involve the supply of Solar PV Cells and Modules. The total value of the orders includes Rs 964 crore for Solar Modules and Rs 123 crore for Solar Cells. The supply of Modules & Cells is scheduled to be commence from January 2025. 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 289.6% to Rs 205.95 crore in Q2 FY25 as compared with Rs 52.86 crore in Q2 FY24. Net sales stood at Rs 1,527.22 crore, up 120.2% as compared with Rs 693.70 crore in Q2 FY24. Powered by Capital Market - Live
Premier Energies announced that its subsidiaries, Premier Energies Global Environment, Premier Energies International and Premier Energies Photovoltaic have received orders aggregating Rs 1,087 crore from 2 large independent power producers and one other customer. These orders include Rs 964 crore for solar modules and Rs 123 crore for solar cells. The supply of these modules is scheduled to commences from January 2025. Powered by Capital Market - Live
Premier Energies has received upgrade in credit ratings for bank facilities of Rs 428.28 cr at CRISIL A-; Positive / CRISIL A2+. Powered by Capital Market - Live
Net profit of Premier Energies rose 289.61% to Rs 205.95 crore in the quarter ended September 2024 as against Rs 52.86 crore during the previous quarter ended September 2023. Sales rose 120.16% to Rs 1527.22 crore in the quarter ended September 2024 as against Rs 693.70 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1527.22693.70 120 OPM %24.9214.20 - PBDT364.8986.25 323 PBT275.1770.59 290 NP205.9552.86 290 Powered by Capital Market - Live
Premier Energies will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live
The equity indices continued to trade with decent gains in mid-morning trade. The Nifty hovered above the 25,100 level. Realty shares advanced after declining in the past two trading sessions. At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 532.56 points or 0.65% to 81,913.70. The Nifty 50 index added 152.75 points or 0.60% to 25,114. In the broader market, the S&P BSE Mid-Cap index fell.20% and the S&P BSE Small-Cap index shed 0.02%. The market breadth was positive. On the BSE, 2,006 shares rose and 1,822 shares fell. A total of 166 shares were unchanged. Economy: India's forex reserves dropped by $3.709 billion to $701.176 billion for the week ended October 4, the RBI said on Friday. In the previous reporting week, the reserves had jumped by $12.588 billion to an all-time high of $704.885 billion. The foreign currency assets, a major component of the reserves, decreased by $3.511 billion to $612.643 billion, the data released on Friday showed. Gold reserves decreased by $40 million to $65.756 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by $123 million to $18.425 billion. India's reserve position with the IMF was down by $35 million to $4.352 billion in the reporting week, the apex bank data showed. Buzzing Index : The Nifty Realty index rose 1.25% to 1,053.60. The index shed 0.54% in past two trading sessions. Raymond (up 5.27%), Oberoi Realty (up 3.27%), Macrotech Developers (up 2.57%), Sobha (up 1.36%), Prestige Estates Projects (up 1.27%), Godrej Properties (up 1.08%), DLF (up 0.97%), Mahindra Lifespace Developers (up 0.29%), Phoenix Mills (up 0.13%) edged higher. Stocks in Spotlight : Premier Energies rallied 6.13% after the company's subsidiaries, Premier Energies International, Premier Energies Photovoltaic has received multiple orders from various customers amounting to a total value of Rs 765 crore. Hathway Cable & Datacom jumped 4.08% after the company's consolidated net profit jumped 28.61% to Rs 25.80 crore in Q2 FY25 as compared with Rs 20.06 crore in corresponding quarter last year. Revenue increased 5.98% YoY to Rs 512.74 crore in Q2 FY25 as compared with Rs 483.79 crore in Q2 FY24. Global Markets: Asian stocks advanced on Monday, as investors assessed China's weekend press briefing and awaited a slew of economic data this week from the region. China's finance ministry detailed plans for increased government debt issuances and support for provincial governments. However, the lack of specific details, particularly regarding the scale and timing of the measures, caused some disappointment. Analysts expressed concerns about the potential for a significant increase in government debt. Economic data from China highlighted ongoing weakness. China's consumer price index (CPI) rose 0.4% from a year earlier last month, against a 0.6% rise in August. CPI was unchanged month-on-month, versus a 0.4% gain in August and below an estimated 0.4% increase. Meanwhile, the producer price index (PPI) fell 2.8% year-on-year in September, versus a 1.8% decline the previous month. Asian markets drew support from the positive performance of US stocks on Friday. The S&P500 rose 0.61% to a record high of 5,815.03 points, while the Dow Jones surged nearly 1% to a record high of 42,863.86 points. The Nasdaq lagged, rising 0.3% to 18,342.94 points. Positive earnings from major banks helped investors look past questions over whether the Federal Reserve will cut interest rates in November. The Producer Price Index (PPI) for final demand in the US rose 1.8% on a yearly basis in September. This reading followed the 1.9% increase recorded in August. The US consumer price index for all urban consumers rise by 0.2% month on month (MoM) on a seasonally-adjusted basis in September, the same rise as in August and July. This week, investors will focus on additional third-quarter earnings reports and statements from Federal Reserve officials. Powered by Capital Market - Live
The company has received orders from 8 domestic customers and 1 foreign customer. The said order comprises Rs 632 crore for solar modules and Rs 133 crore for solar cells. The supply of modules & cells are scheduled to be commenced in July 2025. 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 532.49% 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, up 171.25% as compared with Rs 611.02 crore in Q1 FY24.Powered by Capital Market - Live
Premier Energies International and Premier Energies Photovoltaic, both subsidiaries of Premier Energies, have received and accepted multiple orders from various customers amounting to a total value of Rs 765 crore. These orders comprise Rs 632 crore for solar modules and Rs 133 crore for solar cells. The supply of these modules is scheduled to commence in July 2025Powered by Capital Market - Live
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
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 27.00%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant