Premier Explosives Ltd.

•

pelgel.comBSE: 526247NSE: PREMEXPLN

Market Cap₹ 3,596 Cr.

Current Price

High / Low₹ 830 / 378

Stock P/E107.2

Book Value₹ 54

Price to Book7.37

Dividend Yield0.07 %

ROCE16.9 %

ROE12.3 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2015 • Explosives and Accessories: 99.7% • Wind Power: 0.3%

AI Sector View

AI GENERATED

Chemicals

Hold

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.

Confidence

55%

View full sector analysis →

PROS

Company has delivered good sales growth of 21.7% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.43x)
Company generates healthy free cash flow
Institutional investors have been accumulating - FII+DII up 2.7pp
Company maintains a comfortable, low leverage position

CONS

Recent results are weak - TTM profit is down 11.9% versus prior year
Company has a low return on equity of 9.8% over last 3 years
Stock is trading at 7.4x its book value
Rich enterprise valuation - EV/EBITDA of 29.2x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsChemicals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SOLARINDS	20550.00	93.38	185957.06	0.05	666.37	88.98	3668.20	70.26	38.16	27.91
2.	PIDILITIND	1636.40	62.88	166565.83	1.31	8835.10	1202.86	45515.50	1112.74	32.38	26.28
3.	SRF	2597.00	35.61	76981.53	0.35	758.87	75.53	5033.26	34.63	14.21	24.57
4.	FLUOROCHEM	4731.25	84.51	51972.78	0.06	219.00	19.02	1588.00	23.97	9.58	26.83
5.	NAVINFLUOR	8538.25	55.47	43808.15	0.18	243.31	107.67	1045.08	44.07	21.39	34.17
6.	GODREJIND	1138.55	32.62	38352.18	0.00	523.36	-27.85	5448.09	22.16	10.64	12.82
7.	DEEPAKNTR	1733.65	30.19	23645.78	0.43	345.01	207.36	2577.60	36.39	11.58	20.96
8.	AETHER	1646.05	92.89	21847.67	0.00	62.75	33.45	326.56	27.49	11.65	31.47
9.	ATUL	6484.40	24.00	19091.21	0.46	253.93	91.85	1847.95	25.03	15.05	21.41
10.	AARTIIND	505.45	34.53	18334.02	0.20	155.00	260.47	2387.00	42.42	6.95	16.00
11.	DEEPAKFERT	1417.10	18.24	17949.40	0.71	490.04	100.95	3256.26	22.47	12.12	25.96
12.	PREMEXPLN	668.90	107.23	3596.09	0.07	3.08	-79.97	102.56	-27.85	17.12	5.73

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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	13	4	12	-0	6
OPM %	26.88%	27.89%	10.97%	17.39%	18.72%	17.59%	9.31%	12.90%	9.07%	5.57%	14.30%	-0.35%	5.73%
Other Income	0	0	3	0	1	1	0	1	6	23	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
	11	16	2	10	11	12	9	6	19	25	8	9	4
Tax %	27.86%	28.16%	29.83%	35.82%	31.45%	31.34%	-5.15%	37.92%	18.38%	27.79%	25.37%	25.25%	25.99%
Net Profit	8	12	2	7	7	8	9	4	15	18	6	7	3
	2	2	0	1	1	2	2	1	3	3	1	1	0
Equity Capital	11	11	11	11	11	11	11	11	11	11	11	11	11
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	185	231	266	241	157	153	199	202	272	417	349
	171	201	246	217	161	147	177	176	213	359	329
Operating Profit	18	30	22	26	-4	8	24	28	63	60	—
OPM %	10	13	8	11	-2	5	12	14	23	14	—
Other Income	4	1	2	3	1	1	2	2	4	2	38
Interest	4	4	5	6	6	7	8	9	11	11	3
Depreciation	3	3	4	4	5	6	9	10	12	11	12
	8	22	13	16	-15	-15	7	9	40	38	46
Tax %	32	32	35	28	34	28	23	25	30	24	27
Net Profit	6	15	9	12	-10	-11	6	7	28	29	34
EPS	0	0	0	0	0	-10	5	6	26	5	—
Dividend Payout %	31	18	30	25	0	0	29	27	10	9	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	1	3	2	2	-2	-2	1	1	5	5	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 22%
3 Years:: 28%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: —
3 Years:: 72%

STOCK PRICE CAGR

10 Years:: 25%
5 Years:: 70%
3 Years:: 44%
1 Year:: 24%

RETURN ON EQUITY

10 Years:: 6%
5 Years:: 5%
3 Years:: 10%
Last Year:: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	9	9	11	11	11	11	11	11	11	11
	57	115	186	199	186	174	179	184	210	235
	22	32	38	21	56	51	75	85	46	32
Trade Payables	12	15	23	26	19	17	21	16	16	117
	31	61	69	56	51	50	42	64	180	142
Total Liabilities	130	231	327	312	323	303	328	360	462	536
ASSETS	-	-	-	-	-	-	-	-	-	-
	39	99	100	112	111	180	180	189	198	198
Capital Work in Progress	2	4	16	35	62	2	4	2	3	3
	5	5	5	5	5	5	5	5	5	5
	22	34	36	32	42	37	38	80	88	153
	0	0	0	0	0	0	0	0	73	38
Cash & Bank	7	5	39	29	15	6	5	7	29	101
	54	85	131	98	87	73	97	77	66	38
Total Assets	130	231	327	312	323	303	328	360	462	536
Total Debt	23	38	46	28	60	61	80	87	66	45
Net Working Capital	21	34	94	70	25	11	8	11	46	66
Contingent Liabilities	33	40	61	57	53	37	49	100	101	66
Book Value per Share	73.88	139.69	184.98	194.73	182.72	172.07	176.74	181.41	204.85	45.71
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	2.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	10	-6	-21	48	-9	11	0	20	79	119
Cash from Investing	-4	-10	-46	-25	-15	-4	-13	-16	-25	-11
Cash from Financing	-3	14	68	-23	23	-7	12	-4	-34	-35
	3	-3	1	-0	-1	-1	-0	-0	20	73
Free Cash Flow	7	-68	-38	13	-39	-4	-11	4	57	109
OCF / Net Profit	1.81	-0.42	-2.45	4.13	0.90	-0.98	0.04	2.93	2.81	4.15
Cumulative 5-Year FCF	0	0	0	0	-126	-137	-80	-38	7	155

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	6.41	17.05	8.21	10.91	-8.91	-9.99	5.23	6.22	26.15	5.31
Book Value (₹)	73.88	139.69	184.98	194.73	182.72	172.07	176.74	181.41	204.85	45.71
Dividend per Share (₹)	2.00	3.00	2.50	2.70	0.00	0.00	1.50	1.70	2.50	0.50
Cash EPS (₹)	2.03	4.19	2.33	2.96	-0.86	-0.89	2.79	3.07	7.37	7.45
PROFITABILITY
Operating Margin %	8.96%	11.86%	8.28%	10.83%	-2.26%	4.90%	12.14%	13.85%	21.53%	13.89%
Net Margin %	2.80%	5.96%	3.22%	4.87%	-6.12%	-7.01%	2.82%	3.31%	10.35%	6.84%
ROE %	8.91%	15.97%	5.45%	5.77%	-4.72%	-5.63%	3.00%	3.47%	13.54%	12.25%
ROCE %	14.28%	21.26%	9.27%	9.12%	-3.45%	-3.00%	5.73%	6.57%	17.97%	16.88%
	4.67%	8.37%	3.13%	3.67%	-3.02%	-3.43%	1.78%	1.94%	6.84%	5.72%
EFFICIENCY
Debtor Days	68	71	103	123	130	109	106	112	85	48
Inventory Days	42	40	47	51	86	94	68	106	113	106
Payable Days	36	40	43	63	102	89	71	78	52	101
	74	71	106	111	114	114	102	141	146	53
FINANCIAL HEALTH
Debt to Equity (x)	0.35x	0.31x	0.23x	0.13x	0.31x	0.33x	0.42x	0.45x	0.30x	0.18x
Interest Coverage (x)	3.16x	6.05x	3.50x	3.92x	-1.42x	-1.03x	1.97x	1.97x	4.73x	4.38x
	1.36x	1.40x	1.91x	1.88x	1.27x	1.13x	1.07x	1.08x	1.23x	1.26x
GROWTH
Revenue Growth %	23.74%	24.72%	15.25%	-9.39%	-35.04%	-2.00%	29.83%	1.46%	34.49%	53.64%
Operating Profit Growth %	36.31%	65.53%	-25.36%	16.23%	-113.57%	312.18%	221.86%	15.68%	123.63%	-3.90%
Net Profit Growth %	6.66%	166.15%	-42.17%	34.25%	-181.72%	-12.13%	152.31%	18.95%	320.67%	1.53%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	320.67%	-79.69%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	11.61x	63.40x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	7.41x	7.37x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.16%	0.15%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	26.68x	29.17x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	41.33	41.33	41.33	41.33	41.33	41.33	41.33	41.33	41.33
	0.62	0.36	0.39	0.73	0.72	1.06	0.91	1.18	1.67
	9.43	8.36	8.19	8.03	7.66	9.06	9.22	9.16	9.37
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	48.61	49.95	50.08	49.91	50.29	48.54	48.55	48.33	47.62

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Shareholders meeting

2026-09-03 - Premier Explosives Limited has informed the Exchange regarding Notice of undefined to be held on September 30, 2026

2026-08-21

General Updates

2026-08-21 - Premier Explosives Limited has informed the Exchange about Open Offer- Updates

2026-08-20

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-20 - Premier Explosives Limited has informed the Exchange about Transcript

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Premier Explosives Limited has informed the Exchange about Link of Recording

2026-08-14

General Updates

2026-08-14 - Premier Explosives Limited has informed the Exchange about General Updates

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Premier Explosives Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Premier Explosives Limited has informed the Exchange about Presentation

2026-08-13

Record Date

2026-08-13 - Premier Explosives Limited has informed the Exchange that Record date for the purpose of Dividend is 23-Sep-2026.

2026-08-13

Outcome of Board Meeting

2026-08-13 - Premier Explosives Limited has informed the Exchange regarding Outcome of Board Meeting held on August 13, 2026.

News

Recent coverage and analyst commentary for PREMEXPLN

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Free 5nance Account

Name

SOLARINDS

20550.00

93.38

185957.06

0.05

666.37

88.98

3668.20

70.26

38.16

27.91

PIDILITIND

1636.40

62.88

166565.83

1.31

8835.10

1202.86

45515.50

1112.74

32.38

26.28

SRF

2597.00

35.61

76981.53

0.35

758.87

75.53

5033.26

34.63

14.21

24.57

FLUOROCHEM

4731.25

84.51

51972.78

0.06

219.00

19.02

1588.00

23.97

9.58

26.83

NAVINFLUOR

8538.25

55.47

43808.15

0.18

243.31

107.67

1045.08

44.07

21.39

34.17

GODREJIND

1138.55

32.62

38352.18

0.00

523.36

-27.85

5448.09

22.16

10.64

12.82

DEEPAKNTR

1733.65

30.19

23645.78

0.43

345.01

207.36

2577.60

36.39

11.58

20.96

AETHER

1646.05

92.89

21847.67

0.00

62.75

33.45

326.56

27.49

11.65

31.47

ATUL

6484.40

24.00

19091.21

0.46

253.93

91.85

1847.95

25.03

15.05

21.41

AARTIIND

505.45

34.53

18334.02

0.20

155.00

260.47

2387.00

42.42

6.95

16.00

DEEPAKFERT

1417.10

18.24

17949.40

0.71

490.04

100.95

3256.26

22.47

12.12

25.96

PREMEXPLN

668.90

107.23

3596.09

0.07

3.08

-79.97

102.56

-27.85

17.12

5.73

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

166

142

103

150

121

100

Operating Profit

-0

OPM %

26.88%

27.89%

10.97%

17.39%

18.72%

17.59%

9.31%

12.90%

9.07%

5.57%

14.30%

-0.35%

5.73%

Other Income

Interest

Depreciation

Tax %

27.86%

28.16%

29.83%

35.82%

31.45%

31.34%

-5.15%

37.92%

18.38%

27.79%

25.37%

25.25%

25.99%

Net Profit

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

185

231

266

241

157

153

199

202

272

417

349

171

201

246

217

161

147

177

176

213

359

329

Operating Profit

-4

—

OPM %

-2

—

Other Income

Interest

Depreciation

-15

Tax %

Net Profit

-10

-11

EPS

-10

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

-2

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

115

186

199

186

174

179

184

210

235

Trade Payables

117

180

142

Total Liabilities

130

231

327

312

323

303

328

360

462

536

ASSETS

100

112

111

180

189

198

Capital Work in Progress

153

Cash & Bank

101

131

Total Assets

130

231

327

312

323

303

328

360

462

536

Total Debt

Net Working Capital

Contingent Liabilities

100

101

Book Value per Share

73.88

139.69

184.98

194.73

182.72

172.07

176.74

181.41

204.85

45.71

Face Value

10.00

2.00

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-6

-21

-9

119

Cash from Investing

-4

-10

-46

-25

-15

-4

-13

-16

-25

-11

Cash from Financing

-3

-23

-7

-4

-34

-35

-3

-0

-1

-0

Free Cash Flow

-68

-38

-39

-4

-11

109

OCF / Net Profit

1.81

-0.42

-2.45

4.13

0.90

-0.98

0.04

2.93

2.81

4.15

Cumulative 5-Year FCF

-126

-137

-80

-38

155

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

6.41

17.05

8.21

10.91

-8.91

-9.99

5.23

6.22

26.15

5.31

Book Value (₹)

73.88

139.69

184.98

194.73

182.72

172.07

176.74

181.41

204.85

45.71

Dividend per Share (₹)

2.00

3.00

2.50

2.70

0.00

1.50

1.70

2.50

0.50

Cash EPS (₹)

2.03

4.19

2.33

2.96

-0.86

-0.89

2.79

3.07

7.37

7.45

PROFITABILITY

Operating Margin %

8.96%

11.86%

8.28%

10.83%

-2.26%

4.90%

12.14%

13.85%

21.53%

13.89%

Net Margin %

2.80%

5.96%

3.22%

4.87%

-6.12%

-7.01%

2.82%

3.31%

10.35%

6.84%

ROE %

8.91%

15.97%

5.45%

5.77%

-4.72%

-5.63%

3.00%

3.47%

13.54%

12.25%

ROCE %

14.28%

21.26%

9.27%

9.12%

-3.45%

-3.00%

5.73%

6.57%

17.97%

16.88%

4.67%

8.37%

3.13%

3.67%

-3.02%

-3.43%

1.78%

1.94%

6.84%

5.72%

EFFICIENCY

Debtor Days

103

123

130

109

106

112

Inventory Days

106

113

106

Payable Days

102

101

106

111

114

102

141

146

FINANCIAL HEALTH

Debt to Equity (x)

0.35x

0.31x

0.23x

0.13x

0.31x

0.33x

0.42x

0.45x

0.30x

0.18x

Interest Coverage (x)

3.16x

6.05x

3.50x

3.92x

-1.42x

-1.03x

1.97x

4.73x

4.38x

1.36x

1.40x

1.91x

1.88x

1.27x

1.13x

1.07x

1.08x

1.23x

1.26x

GROWTH

Revenue Growth %

23.74%

24.72%

15.25%

-9.39%

-35.04%

-2.00%

29.83%

1.46%

34.49%

53.64%

Operating Profit Growth %

36.31%

65.53%

-25.36%

16.23%

-113.57%

312.18%

221.86%

15.68%

123.63%

-3.90%

Net Profit Growth %

6.66%

166.15%

-42.17%

34.25%

-181.72%

-12.13%

152.31%

18.95%

320.67%

1.53%

0.00%

320.67%

-79.69%

VALUATION

P/E (x)

0.00x

11.61x

63.40x

P/B (x)

0.00x

7.41x

7.37x

Dividend Yield %

0.00%

0.16%

0.15%

0.00x

26.68x

29.17x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

41.33

0.62

0.36

0.39

0.73

0.72

1.06

0.91

1.18

1.67

9.43

8.36

8.19

8.03

7.66

9.06

9.22

9.16

9.37

Government

0.00

48.61

49.95

50.08

49.91

50.29

48.54

48.55

48.33

47.62

Premier Explosives Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

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Cash Flows

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Shareholding Pattern

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Premier Explosives Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI