Rs 1,108 crore order book: Investors pile into multibagger explosives stock as the company reports a 540 per cent jump in net profit!
The stock gave multibagger returns of 113 per cent returns in just 1 month, up 340 per cent in 3 years and over 1,400 per cent returns in 1 decade.
On Thursday, one of the Top Gainers on BSE, shares of Premier Explosives Ltd hit a 10 per cent upper circuit to Rs 972.90 per share from its previous closing of Rs 889.15. The stock also made a new 52-week high of Rs 972.90 per share. At the closing bell, shares of the company were trading at Rs 929.40 per share, up 4.53 per cent with a spurt in volume by more than 1.18 times on BSE.
The company announced its amazing Quarterly Results which was the main reason for a sudden rise in stock price.
Quarterly results comparison between Q1FY24 vs Q1FY23
- Revenue from Operations increased by 19.66 per cent from Rs 51.77 crore in Q1FY23 to Rs 61.95 crore in Q1FY24.
- EBITDA skyrocketed by 171.70 per cent from Rs 6.24 crore in Q1FY23 to Rs 16.96 crore in Q1FY24.
- PAT skyrocketed by 540.76 per cent from Rs 1.29 crore in Q1FY23 to Rs 8.25 crore in Q1FY24.
According to the annual results:
- Revenue from operations increased by 1.46 per cent from Rs 199.13 crore in FY22 to Rs 202.03 crore in FY23.
- EBITDA increased by 18.26 per cent from Rs 23.75 crore in FY22 to Rs 28.09 crore in FY23.
- PAT increased by 30.32 per cent from Rs 5.30 crore in FY22 to Rs 6.91 crore in FY23.
Additionally, the company’s order book stands at Rs 1,108 crore which is 5.50 times of FY23 revenue. Out of the total order book, 87 per cent of orders are domestic orders and 13 per cent are export orders. Order Inflow in YTD FY24 stands at Rs 725 crore. These include orders from BDL, L&T and MoD (IAF) to be executed over the next 12-24 months. working towards securing more orders in defence and explosive segments.
Want more insightful stories along with recommendations?
Get a 3-month subscription to experience the power of our flagship DSIJ Magazine (online edition) for just Rs 800/- Click here to subscribe now
Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Srihari Kota Centre of ISRO and the solid fuel complex at Jagdalpur under the umbrella of DRDO. The company has a market cap of Rs 527.56 crore.
The stock gave multibagger returns of 113 per cent returns in just 1 month, up 340 per cent in 3 years and over 1,400 per cent returns in 1 decade. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.