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Premier Energies

PREMIERENE NSE
₹904.00 +14.00 (+1.57%)
P/E
24.61
View as Markdown
MCP
Close 4 Nov 2026 ₹904.00 −100.20 −9.98% 1Y
Start ₹1,004.20

Key Fundamentals

MidcapElectrical EquipmentCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
32.70%
Debt to Equity
0.86
EPS (TTM)
₹36.73
Book Value
₹94.90
Market Cap
—
P/E (TTM)
24.61
P/B
9.53
ROE
41.00%
Dividend Yield
0.11%
EBITDA
₹2,579 Cr
52W High
₹1,134.00
52W Low
₹660.00
Day Range
₹880.85 – ₹908.35
Volume
11,45,942

Peer Comparison

Industrials › Capital Goods › Other Electrical Equipment

Premier Energies peer comparison
Waaree Energies
₹2,408.0018.15₹67,713 Cr4.320.17%32.50%38.40%₹30,043 Cr₹4,003 Cr
Apar Industries
₹15,998.0054.39₹65,476 Cr7.860.39%20.30%31.80%₹24,389 Cr₹1,181 Cr
Premier Energies (this company)
₹904.0024.61₹40,624 Cr9.530.11%41.00%32.70%₹8,466 Cr₹1,674 Cr
Diamond Power Infrastructure
₹385.85111.84₹22,658 Cr—0.00%—10.40%₹2,348 Cr₹182 Cr
MTAR Technologies
₹6,036.50137.95₹19,040 Cr22.570.05%12.60%15.20%₹1,080 Cr₹134 Cr
Emmvee Photovoltaic Power
₹246.4112.03₹16,196 Cr3.890.43%50.70%44.60%₹6,023 Cr₹1,418 Cr
Avalon Technologies
₹2,041.00102.05₹13,437 Cr18.920.00%16.50%19.30%₹1,764 Cr₹134 Cr
Median 7 companies₹2,041.0054.39₹22,658 Cr8.700.11%26.40%31.80%₹6,023 Cr₹1,181 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

47 Average

Data confidence 100/100

insider_selling

Category scores

Quality
56
Good
Returns, margins, earnings quality 22% weight
Valuation
56
Good
Cheap vs sector & own history 24% weight
Growth
78
Strong
Sales & profit trajectory 9% weight
Financial Health
23
Poor
Solvency, leverage, coverage 9% weight
Momentum
19
Poor
Trend strength, vol-adjusted 12% weight
Ownership
47
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 131% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 44.8%

Weaknesses

2
  • Stock is trading at 9.30 times its book value
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish766
OscillatorsBullish162
Moving AveragesStrong Bearish604

Key readings

RSI (14)
53.14
Neutral
MACD (12,26,9)
−11.30
Bullish
SMA (50)
924.67
Bearish
SMA (200)
936.06
Bearish

As of

Analyst Rating

Based on 17 analysts
BUY65%

11 of 17 analysts rate Buy, 2 Hold, 4 Sell.

As of

BUY
11
65%
HOLD
2
12%
SELL
4
24%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+62.01%
3Y+76.25%
1Y+20.02%
TTM+26.70%

Net profit

Net profit growth by window
5Y+125.32%
3YTurned to profit
1Y+61.15%
TTM+59.89%

Operating cash flow

Operating cash flow growth by window
5Y+39.70%
3Y+224.22%
1Y−6.45%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y+22.69 pp
3Y+24.93 pp
1Y+3.07 pp
TTM+0.54 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2020₹947 Cr
Mar 2021₹701 Cr
Mar 2022₹743 Cr
Mar 2023₹1,429 Cr
Mar 2024₹3,144 Cr
Mar 2025₹6,519 Cr
Mar 2026₹7,824 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2020₹45.00 Cr
Mar 2021₹26.00 Cr
Mar 2022−₹14.00 Cr
Mar 2023−₹13.00 Cr
Mar 2024₹231 Cr
Mar 2025₹937 Cr
Mar 2026₹1,510 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹715 Cr −6.0% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk high

Premier Energies Ltd trades at ₹876 as of 2026-10-30 with a market cap of ₹39,766 Cr. The company has delivered exceptional profit growth of 131% CAGR over five years and maintains a strong ROE of 35.02%, though it trades at 9.23x book value and carries a debt-to-equity ratio of 0.86, positioning it as a high-growth but richly valued capital goods player.

Bull Case 8
  • Exceptional 5-year compounded profit growth of 131% CAGR demonstrates sustained earnings momentum in the solar energy value chain
  • ROE of 35.02% as of 2026-10-30 is well above industry norms, with a consistent 3-year average ROE of 45%, signalling efficient capital deployment
  • ROCE of 27.88% indicates the company generates strong returns even on debt-funded capital, supporting the case for continued reinvestment
  • TTM profit growth of 59% shows the earnings trajectory remains robust even as the base effect of earlier years normalises
  • 3-year compounded sales growth of 76% reflects strong demand tailwinds and successful capacity ramp-up in the solar manufacturing segment
  • Company is expected to deliver a good upcoming quarter, suggesting near-term operational momentum remains intact
  • Trading at ₹876 versus a 52-week low of ₹660 indicates the stock has recovered meaningfully from its trough, reflecting renewed investor confidence
  • PE of 23.85x on TTM basis, when viewed against 59% TTM profit growth, implies a PEG ratio well below 1, suggesting earnings growth is outpacing the valuation multiple
Bear Case 8
  • Price-to-book of 9.23x is elevated and suggests the market is pricing in substantial future growth that may already be discounted
  • Stock has delivered a negative 1-year CAGR of -15%, reflecting a 23% drawdown from the 52-week high of ₹1,134 to the current ₹876
  • Debt-to-equity ratio of 0.86 is notable for a capital goods company and increases financial risk if demand cycles turn or interest rates stay elevated
  • Potential capitalisation of interest costs, as flagged in known concerns, could overstate reported profitability and asset values, warranting closer scrutiny of cash flows
  • Dividend yield of just 0.12% offers negligible income return, making the stock entirely dependent on capital appreciation
  • TTM sales growth has decelerated to 27% from a 3-year CAGR of 76%, indicating a possible slowdown in top-line momentum
  • TTM profit growth of 59% has also moderated sharply from the 3-year CAGR of 365%, suggesting the hyper-growth phase may be tapering
  • At a market cap of ₹39,766 Cr with EPS of ₹36.73, any miss on quarterly earnings could trigger sharp multiple compression given the premium valuation

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Premier Energies is executing well on capacity expansion and order wins, with a ₹15,000 crore order book and nearly doubled manufacturing capacity providing strong revenue visibility through FY28. The BESS JV and European export opportunity open meaningful new growth avenues. Near-term risks are technical in nature, with the stock struggling below key resistance levels around ₹920 and facing a bearish momentum crossover. The fundamental trajectory remains strong, but investors should watch whether the stock can reclaim technical support levels and monitor margin trends as massive new capacity ramps up.

Headwinds 1
  • China tech export restrictions flagged Oct 21

    Premier Energies flagged China's proposed strict restrictions on advanced technology, which could carry implications for India's solar and clean energy manufacturing landscape, though the technology is not currently used by India.

Positives 4
  • ₹4,001 cr Q2 order haul Oct 9

    Premier Energies secured orders worth ₹4,001 crore in Q2 FY27 for 2,308 MW of solar cell/module supply and EPC projects, boosting total order book to ~₹15,000 crore — nearly 2x FY26 revenue with margin visibility through FY28.

  • Capacity nearly doubled to 11.1 GW Oct 9

    Module capacity reached 11.1 GW and solar cell capacity jumped from 3.6 GW to 10.6 GW after commissioning a 7 GW TOPCon cell facility at Naidupeta, making it India's largest integrated solar manufacturer.

  • BESS JV for 12 GWh plant Oct 15

    Premier Energies subsidiary signed a JV agreement with RCT Nexor Energy to set up a 12 GWh Battery Energy Storage System manufacturing facility in Telangana, diversifying beyond solar.

Neutral 1
  • China tech curbs not yet impactful Oct 21

    Premier Energies noted that China's proposed advanced technology restrictions do not currently affect Indian operations, though the development is being monitored for potential future implications on the solar manufacturing landscape.

Quarterly Results

₹ Cr
PREMIERENE quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
611
694
712
1,127
1,657
1,527
1,713
1,621
1,821
1,837
1,936
2,230
2,463
Expenses
540
595
589
942
1,299
1,147
1,200
1,092
1,272
1,276
1,343
1,555
1,748
Operating Profit
71
99
123
184
358
381
514
528
548
561
593
675
714
OPM %
12%
14%
17%
16%
22%
25%
30%
33%
30%
31%
31%
30%
29%
Other Income
6
8
2
12
12
26
36
59
49
84
30
44
45.04
Interest
18
21
37
45
45
42
47
43
37
32
47
41
44
Depreciation
15
16
28
37
79
90
152
177
158
146
70
79
96
PBT
44
71
61
115
246
275
351
368
403
467
505
598
620
Tax %
28%
25%
29%
9%
19%
25%
27%
25%
24%
24%
22%
24%
24%
Net Profit
31
53
43
104
198
206
255
278
308
353
392
457
472
EPS (₹)
0.94
1.58
1.29
3.11
5.93
4.57
5.66
6.16
6.83
7.8
8.65
10.08
10.2

Profit & Loss

₹ Cr
PREMIERENE profit and loss, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
947
701
743
1,429
3,144
6,519
7,824
8,466
Expenses
853
648
713
1,350
2,666
4,738
5,447
5,923
Operating Profit
94
54
30
78
478
1,781
2,378
2,543
OPM %
10%
8%
4%
5%
15%
27%
30%
30%
Other Income
19
35
25
36
29
133
202
203
Interest
35
22
43
69
121
177
158
165
Depreciation
17
12
28
53
96
498
452
391
PBT
61
56
−16
−8
289
1,239
1,968
2,191
Tax %
26%
54%
−8%
72%
20%
24%
23%
—
Net Profit
45
26
−14
−13
231
937
1,510
1,674
EPS (₹)
1.18
0.74
−0.43
−0.38
6.92
20.79
33.33
36.73
Div. Payout %
0%
0%
0%
0%
0%
5%
3%
—

Balance Sheet

₹ Cr
PREMIERENE balance sheet, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
25
25
26
26
26
45
45
Reserves
206
197
368
385
620
2,777
4,262
Borrowings
256
347
455
765
1,401
1,954
3,707
Other Liabilities
342
406
491
934
1,489
2,065
2,825
Total Liabilities
828
975
1,340
2,110
3,537
6,841
10,840
Fixed Assets
263
425
479
592
1,203
978
1,747
CWIP
21
0
114
349
20
242
2,144
Investments
6
9
55
59
9
845
670
Other Assets
538
541
693
1,110
2,305
4,775
6,280
Total Assets
828
975
1,340
2,110
3,537
6,841
10,840

Cash Flow

₹ Cr
PREMIERENE cash flow, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−66
237
5
37
90
1,348
1,261
Investing
−56
−353
−218
−304
−447
−2,410
−2,156
Financing
134
109
279
252
549
1,608
1,559
Net Cash Flow
13
−7
66
−16
192
546
664
Free Cash Flow
−90
−83
−178
−237
−359
728
−1,736
CFO/EBITDA
−50
467
57
60
24
98
70

Ratios

PREMIERENE financial ratios, annual
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
74
84
71
15
71
45
46
Inventory Days
56
44
135
197
157
121
159
Days Payable
76
114
168
124
152
88
90
Cash Conversion Cycle
55
14
38
88
76
78
115
Working Capital Days
52
−24
−28
−58
−12
−22
8
ROCE %
—
13%
4%
6%
25%
41%
33%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Premier Energies insights

62 extracted metrics across FY20–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 58.49%
  • DIIs 18.88%
  • Others 10.51%
  • FIIs 7.12%
  • Public 5.01%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Premier Energies

What does Premier Energies Ltd do?
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.
Where is Premier Energies Ltd (PREMIERENE) listed?
Premier Energies Ltd trades as PREMIERENE on the NSE and under code 544238 on the BSE.
Which sector does Premier Energies Ltd belong to?
Premier Energies Ltd is classified under the Capital Goods sector, in the Other Electrical Equipment industry.
What is the PE ratio of Premier Energies Ltd?
Premier Energies Ltd trades at a PE ratio of 24.61 as of 4 Nov 2026, on earnings per share of ₹36.73, against a book value of ₹94.9 per share.
What is the 52-week high and low of Premier Energies Ltd?
Over the last 52 weeks Premier Energies Ltd has traded between ₹660 and ₹1,134 as of 4 Nov 2026.
Does Premier Energies Ltd pay dividends?
Premier Energies Ltd has a dividend yield of 0.11%.
What is the Return on Equity (ROE) of Premier Energies Ltd?
Premier Energies Ltd reported a return on equity of 41.00%. Its debt-to-equity ratio is 0.86.

Company Information

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.

Website premierenergies.com
Listed 3 Sep 2024
Face Value ₹1

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