Rs 739.30 Crore Order Book: Defence Explosives Company Bags New Export Order Worth Rs 18.90 crore
As a multibagger stock, it has delivered an impressive 423.16 per cent return over the past three years
Premier Explosives Limited, a prominent player in the defence and industrial explosives sector, has secured a significant export order valued at Rs 18.90 crores. This order involves the supply of defence explosives to an international client, with delivery scheduled over the next five months. As a multibagger stock, Premier Explosives has delivered an impressive 423.16 per cent return over the past three years, making it an attractive option for investors seeking high-growth opportunities. The company's consistent performance and ability to secure substantial international contracts underscore its robust business model and growth potential. This latest order further cements Premier Explosives' position in the global defence market, highlighting its capability to meet international standards and demand. With a current stock price of Rs 327.6 as of 18 March 2025, 15:50, and a market capitalization of Rs 1,677.88 crores, the company continues to demonstrate strong financial health and market presence.
Premier Explosives Limited specializes in the manufacturing of industrial explosives and detonators, catering to both domestic and international markets. The company also provides operation and maintenance services for solid propellant plants at ISRO's Sriharikota Centre and the Solid Fuel Complex at Jagdalpur under DRDO. As of 18 March 2025, the company's stock is priced at Rs 327.6, with a market capitalization of Rs 1,677.88 crores. The company's strategic focus on high-demand sectors such as defence and space exploration positions it well for continued success.
In the Quarterly Results of Dec-24, the revenue stood at Rs 165.92 crore, reflecting a YoY growth of 272.35 per cent and a QoQ increase of 75.39 per cent from Rs 94.60 crore in Sep-24. The net profit for Dec-24 was Rs 9.19 crore, showing a YoY rise of 450.30 per cent and a QoQ growth of 9.54 per cent from Rs 8.39 crore in Sep-24. The net profit margin for Dec-24 was 5.54 per cent, compared to 8.87 per cent in Sep-24 and 3.75 per cent in Dec-23.
For the full-year FY24 results, the revenue stood at Rs 271.72 crore, reflecting a growth of 34.49 per cent from Rs 202.03 crore in FY23. The net profit for FY24 was Rs 31.49 crore, registering a growth of 385.08 per cent from Rs 24.06 crore in FY23. The net profit margin for FY24 stood at 8.85 per cent compared to 2.46 per cent in FY23.
As of December 2024, the shareholding pattern is as follows: Promoters hold 41.33 per cent, FIIs hold 0.39 per cent, DIIs hold 8.20 per cent, and the public holds 50.08 per cent.
With a PE ratio of 64.7x, the company trades at a premium compared to the industry PE of 28.3x. The company has ROCE of 18 per cent and ROE of 13.5 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.