Rs 8,994 Million Order Book Around 3.3 Times FY24 Revenue: Heavy Buying Rocket Propellants Manufacturer for Defence Industry Hits Upper Circuit Today; FII Increased Stake!
It is the only qualified Indian company for countermeasures and the only Indian company involved in the export of fully assembled rocket motors.
Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) services for solid propellant plants at the Sriharikota Centre of ISRO and the Solid Fuel Complex at Jagdalpur under the umbrella of DRDO.
At the start of the day's trading session, the stock opened at Rs 505 per share, compared to the previous day's closing figure of Rs 496.25 per share on the BSE. Currently, the shares are trading at around Rs 511.30 per share. The stock has hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 2748 crore, and the stock has generated an impressive multibagger return of over 140 per cent in the past 1 year.
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As per the Quarterly Results, in Q1 FY25, Premier Explosives Limited recorded a revenue of Rs 82.86 crore. The operating profit for Q1 FY25 stood at Rs 15.51 crore. The net profit for Q1 FY25 was Rs 7.28 crore. Looking at the annual performance, the company generated a revenue of Rs 272 crore in FY24, compared to Rs 202 crore in FY23. The operating profit for FY24 was Rs 58 crore with a net profit of Rs 28 crore.
According to the shareholding pattern of Q1 FY25, promoters own a 41.33 per cent stake, while public investors hold 48.60 per cent. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) hold 0.62 per cent and 9.43 per cent stakes, respectively. In the most recent quarterly update, FIIs have increased their stake, whereas DIIs have slightly reduced theirs.
Investors must keep this Small-Cap defence stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.