BSE: 544238 | NSE: PREMIERENE | Electronics - Components | Mid Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Premier Energies Ltd is a below average quality company.
The key valuation ratios of Premier Energies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Premier Energies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'23 | Mar'24 | TTM | |
|---|---|---|---|
| ROCE % ⓘ | 6.4% | 4.7% | - |
| Value Creation Index ⓘ | -0.4 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||
| Sales ⓘ | 721 | 1,050 | 1,050 |
| Sales YoY Gr. | - | 45.6% | - |
| Adj EPS ⓘ | 0.5 | 0.3 | 0.2 |
| YoY Gr. | - | -52.8% | - |
| BVPS (₹) ⓘ | 13.5 | 13.8 | 38.3 |
| Adj Net Profit ⓘ | 17.6 | 8.2 | 7 |
| Cash Flow from Ops. ⓘ | -8.4 | 114 | - |
| Debt/CF from Ops. ⓘ | -9.4 | 0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 45.6% | ||||
| Adj EPS ⓘ | NA | NA | NA | -52.8% | ||||
| BVPSⓘ | NA | NA | NA | 1.8% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'23 | Mar'24 | TTM | |
|---|---|---|---|
| Return on Equity % ⓘ | 3.9 | 1.8 | 0.6 |
| Op. Profit Mgn % ⓘ | 2.3 | 1.3 | 3.7 |
| Net Profit Mgn % ⓘ | 2.4 | 0.8 | 0.7 |
| Debt to Equity ⓘ | 0.2 | 0.1 | 0 |
| Working Cap Days ⓘ | 0 | 117 | 352 |
| Cash Conv. Cycle ⓘ | 0 | -5 | 268 |
No data to display
Return on Equity has declined versus last 3 years average to 0.60%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -21.43%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.2 | 5.1 |
| TTM Sales (₹ Cr.) | 1,050 | 3,144 |
| BVPS (₹.) ⓘ | 38.3 | 51 |
| Reserves (₹ Cr.) ⓘ | 1,680 | 2,254 |
| P/BV ⓘ | 28.56 | 21.44 |
| PE ⓘ | 0.00 | 212.99 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 801.60 / 1264.90 |
| All Time Low / High (₹) | 801.60 / 1264.90 |
| Market Cap (₹ Cr.) | 49,276 |
| Equity (₹ Cr.) | 45.1 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 188.3 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Sales | 721 | 1,050 |
| Operating Expenses ⓘ | 712 | 1,039 |
| Manufacturing Costs | 27 | 44 |
| Material Costs | 637 | 947 |
| Employee Cost | 16 | 18 |
| Other Costs ⓘ | 32 | 30 |
| Operating Profit ⓘ | 9 | 11 |
| Operating Profit Margin (%) | 1.3% | 1.1% |
| Other Income ⓘ | 33 | 25 |
| Interest ⓘ | 16 | 15 |
| Depreciation ⓘ | 8 | 12 |
| Exceptional Items ⓘ | 0 | 0 |
| Profit Before Tax ⓘ | 18 | 9 |
| Tax ⓘ | 4 | 2 |
| Profit After Tax | 14 | 7 |
| PAT Margin (%) | 1.9% | 0.7% |
| Adjusted EPS (₹) | 0.4 | 0.2 |
| Dividend Payout Ratio (%) | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 453 | 461 | ||||||||
| Share Capital ⓘ | 26 | 26 | ||||||||
| Reserves ⓘ | 427 | 435 | ||||||||
| Minority Interest | 0 | 0 | ||||||||
| Debt | 72 | 22 | ||||||||
| Long Term Debt | 11 | 0 | ||||||||
| Short Term Debt | 60 | 22 | ||||||||
| Trade Payables | 182 | 297 | ||||||||
| Others Liabilities ⓘ | 72 | 59 | ||||||||
| Total Liabilities ⓘ | 779 | 839 | ||||||||
Fixed Assets | ||||||||||
| Gross Block | 133 | 126 | ||||||||
| Accumulated Depreciation | 51 | 47 | ||||||||
| Net Fixed Assetsⓘ | 82 | 79 | ||||||||
| CWIP ⓘ | 0 | 0 | ||||||||
| Investmentsⓘ | 307 | 345 | ||||||||
| Inventories | 112 | 106 | ||||||||
| Trade Receivables | 129 | 111 | ||||||||
| Cash Equivalents | 43 | 74 | ||||||||
| Others Assetsⓘ | 105 | 124 | ||||||||
| Total Assets ⓘ | 779 | 839 | ||||||||
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ | -8 | 114 |
| PBT ⓘ | 18 | 9 |
| Adjustment ⓘ | -6 | 13 |
| Changes in Working Capital ⓘ | -13 | 100 |
| Tax Paid ⓘ | -7 | -8 |
| Cash Flow From Investing Activity ⓘ | -52 | -17 |
| Capex | 0 | 1 |
| Net Investments | 39 | -10 |
| Others ⓘ | -91 | -9 |
| Cash Flow From Financing Activityⓘ | 8 | -66 |
| Net Proceeds from Shares ⓘ | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -8 | -18 |
| Interest Paid ⓘ | -8 | -8 |
| Dividend Paid ⓘ | 0 | 0 |
| Others ⓘ | 24 | -40 |
| Net Cash Flow ⓘ | -52 | 32 |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.05 | 1.53 | ||||||||
| ROCE (%) | 6.41 | 4.72 | ||||||||
| Asset Turnover Ratio | 0.93 | 1.3 | ||||||||
| PAT to CFO Conversion(x) | -0.57 | 16.29 | Working Capital Days | |||||||
| Receivable Days | 65 | 42 | ||||||||
| Inventory Days | 57 | 38 | ||||||||
| Payable Days | 104 | 92 | ||||||||
The company was originally incorporated as a private limited company with the name “Premier Solar Systems Private Limited” under the provisions of the Companies Act, 1956, at Hyderabad, India, pursuant to a certificate of incorporation dated April 3, 1995, issued by the Registrar of Companies, Andhra Pradesh. Subsequently, pursuant to a Board resolution dated May 6, 2019 and a resolution passed at an extraordinary general meeting dated July 25, 2019, the name of the company was changed to “Premier Energies Private Limited” and a fresh certificate of incorporation dated August 6, 2019 was issued by the Registrar of Companies, Telangana at Hyderabad (RoC). Upon the conversion of the company into a public limited company, pursuant to a Board resolution dated September 3, 2019 and a Shareholders’ resolution dated September 4, 2019, the name of the company was changed to “Premier Energies Limited” and a fresh certificate of incorporation dated September 25, 2019 was issued by the RoC.
The company is primarily an integrated solar cell and solar module manufacturer. Its business operations include: the manufacturing of solar photovoltaic (PV) cells, in particular bifacial monocrystalline PERC cells using the M10 wafer size in a 182mm x 182mm format which may be assembled into solar modules; the manufacturing of solar modules using different module technologies such as monocrystalline PERC and TOPCon, cell sizes and quantity, power output ranges and formats such as monofacial and bifacial. It also manufactures custom made modules for specific applications; the sale of customizable and ad hoc solar-related products depending on customer requirements such as customized bespoke solar tiles; the execution of EPC projects which include end-to-end solar services for ground-mounted, rooftop, floating, canal bank, canal top and hybrid power generation systems; the provision of O&M services with respect to EPC projects executed by the company; and independent power production through its solar power plant in Jharkhand, India.
Business area of the company
The company manufactures integrated solar cell and solar panel. The company's product portfolio includes Cell, Solar Module, Monofacial modulesBifacial modules, EPC Solutions and O&M Solutions. The company has five manufacturing units, all of which are situated in Hyderabad, Telangana, India.
Awards, accreditations and recognition
Major events and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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