Premier Explosives Ltd.
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ABOUT
AI Sector View
AI GENERATEDChemicals
The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.
PROS
- Company has delivered good sales growth of 20.4% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.91x)
- Company comfortably covers its interest (18.9x coverage)
- Company generates healthy free cash flow
- Institutional investors have been accumulating - FII+DII up 2.7pp
CONS
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (69.7% of PBT)
- Receivables are growing faster than sales - a possible quality concern
- Recent results are weak - TTM profit is down 12.2% versus prior year
- Valuation is stretched - P/E of 107.0 is well above its own 5-year median (44.7)
- Working capital days have increased from 61 to 95 days
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | 22307.50 | 101.37 | 201860.69 | 0.05 | 6663.70 | 1789.77 | 36682.00 | 1602.62 | 38.16 | 27.91 |
| PIDILITIND | 1567.45 | 60.23 | 159547.55 | 1.37 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| SRF | 2483.00 | 34.05 | 73602.28 | 0.36 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| FLUOROCHEM | 4771.75 | 85.23 | 52417.67 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 9.58 | 26.83 |
| NAVINFLUOR | 8541.10 | 55.49 | 43822.77 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| GODREJIND | 1127.00 | 32.29 | 37963.11 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| AETHER | 1672.95 | 94.41 | 22204.70 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| DEEPAKNTR | 1587.10 | 27.64 | 21646.94 | 0.47 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| ATUL | 6244.55 | 23.11 | 18385.05 | 0.48 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| AARTIIND | 492.15 | 33.62 | 17851.59 | 0.20 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.95 | 16.00 |
| DEEPAKFERT | 1320.45 | 17.00 | 16725.20 | 0.76 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| PREMEXPLN | 667.45 | 107.00 | 3588.29 | 0.07 | 30.76 | 100.30 | 1025.64 | 621.53 | 21.02 | 5.73 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 62 | 78 | 45 | 87 | 83 | 95 | 166 | 74 | 142 | 76 | 81 | 89 | 103 | |
| 45 | 57 | 40 | 72 | 67 | 78 | 150 | 65 | 121 | 69 | 70 | 90 | 100 | |
| Operating Profit | 17 | 22 | 5 | 15 | 16 | 17 | 15 | 10 | 21 | 6 | 12 | -0 | 2 |
| OPM % | 26.88% | 27.89% | 10.95% | 17.39% | 18.71% | 17.58% | 9.31% | 12.90% | 14.69% | 8.59% | 14.31% | -0.43% | 2.32% |
| 0 | 0 | 3 | 1 | 1 | 1 | 0 | 1 | 2 | 22 | 0 | 13 | 2 | |
| Interest | 3 | 3 | 2 | 2 | 3 | 3 | 4 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before Tax | 11 | 16 | 2 | 10 | 11 | 12 | 9 | 6 | 19 | 25 | 8 | 9 | 4 |
| Tax % | 27.86% | 28.16% | 29.51% | 35.43% | 31.46% | 31.35% | -4.88% | 37.81% | 18.43% | 27.94% | 25.28% | 25.40% | 26.04% |
| Net Profit | 0 | 0 | 0 | 0 | 7 | 8 | 9 | 4 | 15 | 18 | 6 | 7 | 3 |
| 1.54 | 2.16 | 0.32 | 1.26 | 1.36 | 1.57 | 1.71 | 0.70 | 2.85 | 3.32 | 1.13 | 1.22 | 0.57 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 238 | 275 | 253 | 165 | 154 | 199 | 202 | 272 | 417 | 388 | 349 | |
| 208 | 255 | 230 | 170 | 147 | 178 | 176 | 213 | 359 | 350 | 329 | |
| Operating Profit | 30 | 20 | 23 | -5 | 6 | 21 | 26 | 58 | 58 | 39 | 20 |
| OPM % | 12.62% | 7.23% | 9.21% | -3.18% | 4.11% | 10.51% | 12.83% | 21.53% | 13.89% | 9.95% | 5.78% |
| 1 | 2 | 3 | 1 | -8 | 3 | 2 | 4 | 2 | 37 | 37 | |
| Interest | 4 | 5 | 6 | 6 | 7 | 7 | 9 | 11 | 11 | 3 | 3 |
| Depreciation | 4 | 4 | 4 | 5 | 6 | 10 | 10 | 12 | 11 | 12 | 12 |
| Profit before Tax | 23 | 13 | 16 | -15 | -15 | 7 | 9 | 41 | 38 | 60 | 46 |
| Tax % | 31.60% | 36.48% | 28.73% | 33.24% | 27.66% | 25.27% | 25.30% | 30.04% | 23.98% | 24.26% | 26.80% |
| Net Profit | 15 | 8 | 11 | -10 | -11 | 5 | 7 | 28 | 29 | 46 | 34 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | -10.15 | 4.93 | 6.42 | 26.37 | 5.34 | 8.52 | — |
| Dividend Payout % | 17.29% | 32.63% | 25.57% | 0.00% | 0.00% | 30.43% | 26.46% | 9.48% | 9.37% | 5.87% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 20%
- 3 Years:
- 24%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 23%
- 5 Years:
- —
- 3 Years:
- 88%
STOCK PRICE CAGR
- 10 Years:
- 26%
- 5 Years:
- 70%
- 3 Years:
- 49%
- 1 Year:
- 23%
RETURN ON EQUITY
- 10 Years:
- 7%
- 5 Years:
- 10%
- 3 Years:
- 14%
- Last Year:
- 17%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Minority Interest | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 116 | 187 | 199 | 186 | 174 | 179 | 184 | 209 | 235 | 278 | |
| 39 | 47 | 28 | 58 | 58 | 78 | 83 | 54 | 36 | 24 | |
| Trade Payables | 13 | 22 | 26 | 19 | 17 | 21 | 16 | 16 | 117 | 42 |
| 55 | 62 | 50 | 49 | 42 | 40 | 62 | 168 | 135 | 141 | |
| Total Liabilities | 234 | 329 | 315 | 324 | 303 | 330 | 357 | 459 | 534 | 497 |
| 104 | 105 | 117 | 116 | 184 | 180 | 189 | 200 | 199 | 187 | |
| Capital Work in Progress | 4 | 16 | 35 | 62 | 2 | 4 | 2 | 3 | 3 | 26 |
| 35 | 37 | 34 | 42 | 37 | 38 | 80 | 88 | 153 | 103 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 73 | 38 | 53 | |
| Cash & Bank | 5 | 39 | 30 | 16 | 6 | 5 | 7 | 29 | 101 | 60 |
| 85 | 132 | 99 | 88 | 74 | 103 | 79 | 66 | 39 | 67 | |
| Total Assets | 234 | 329 | 315 | 324 | 303 | 330 | 357 | 459 | 534 | 497 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1 | -17 | 56 | -4 | 10 | -1 | 19 | 79 | 118 | -1 | |
| Cash from Investing | -9 | -46 | -26 | -14 | -4 | -11 | -16 | -25 | -11 | -27 |
| Cash from Financing | 14 | 71 | -24 | 20 | -7 | 13 | -6 | -34 | -34 | -14 |
| -3 | 1 | 0 | -1 | -1 | -0 | -0 | 20 | 73 | -42 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-07 - Premier Explosives Limited has informed the Exchange about General Updates
2026-09-05 - Premier Explosives Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-03 - Premier Explosives Limited has informed the Exchange regarding Notice of undefined to be held on September 30, 2026
2026-08-21 - Premier Explosives Limited has informed the Exchange about Open Offer- Updates
2026-08-20 - Premier Explosives Limited has informed the Exchange about Transcript
2026-08-14 - Premier Explosives Limited has informed the Exchange about Link of Recording
2026-08-14 - Premier Explosives Limited has informed the Exchange about General Updates
2026-08-14 - Premier Explosives Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-13 - Premier Explosives Limited has informed the Exchange about Presentation
News
Recent coverage and analyst commentary for PREMEXPLN
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Premier Explosives Ltd.
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