Synopsis:
Premier Energies jumped sharply after it, along with its subsidiaries, had bagged an order worth Rs 2,703 crore for the supply of solar photovoltaic (PV) modules and cells, having a combined capacity of 2,059 MW.
The shares of this leading solar cells and solar panels manufacturer are in focus after bagging a significant order from new and existing clients. In this article, we will dive more into the details.
With a market capitalization of Rs 45,753 crore, the shares of Premier Energies Ltd made a day high of Rs 1023.30 per share, up by 3 percent from its previous day closing price of Rs 993.20 per share. Over the last six months, the stock has delivered a positive return of 19 percent.
About the order
Premier Energies, through a stock exchange filing, announced that its subsidiaries, Premier Energies Photovoltaic Pvt. Ltd., Premier Energies Global Environment Pvt. Ltd., and Premier Energies International Pvt. Ltd., have successfully landed orders totaling a whopping Rs. 2,703 crore from both new and existing clients.
These orders involve the supply of solar photovoltaic (PV) modules and cells, boasting a combined capacity of 2,059 MW. The company plans to execute these orders over the fiscal years 2026 and 2027, which not only bolsters their standing in the solar energy market but also highlights the strong demand for their products from well-known independent power producers and other customers.
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Financial Highlights
The company reported a revenue of Rs 1,821 crore in Q1 FY26, up by 10 percent from its Q1 FY25 revenue of Rs 1,657 crore. On a quarterly basis, it increased by 12 percent from Rs 1,621 crore.
Coming to its profitability, it reported a net profit of Rs 308 crore in Q1 FY26, up 56 percent from Rs 198 crore in Q1 FY25. On a quarterly basis, it grew by 11 percent from Rs 278 crore.
The stock of the company has delivered an ROE and ROCE of 53.55 percent and 41.12 percent respectively, and is currently trading at a high P/E of 43.75x as compared to its industry average of 39.43x.
Premier Energies Limited is engaged in the manufacturing and sale of integrated solar cells and modules in India, providing products such as bifacial monocrystalline PERC cells, monofacial modules, dual glass modules, and custom panels.
They also offer engineering, procurement, and construction (EPC) services for both rooftop and ground-mounted solar projects, as well as upgrades for transmission and substations.
Additionally, the company develops solar-powered products like water pumps, lanterns, lighting systems, and e-vehicles, and runs its own solar power projects, playing a crucial role in India’s shift towards clean energy.
Written by Satyajeet Mukherjee
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