Premier Energies Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹39,274 Cr
- P/E
- 23.58
- ROE
- 40.99%
- PEG
- 0.07
- Price to sales
- 4.63
- Debt to equity
- 0.86
- 52W high / low
- ₹1,117 / ₹683
- Sales growth (5Y)
- 61.99%
- EBITDA margin
- 30.04%
- Net profit margin
- 18.67%
- Promoter holding
- 58.48%
- Sales (last year)
- ₹8,466 Cr
Incorporated in April 1995, Premier Energies Limited specializes in manufacturing integrated solar cells and solar panels. Its product portfolio includes solar cells, solar modules, monofacial and bifacial modules, as well as EPC and O&M solutions.[1]
Guidance scorecard · Q1 FY27 call
What Premier Energies Ltd's management guided
and where it ranks in Electrical Equipment
Electrical Equipment
RevenueQ1 FY27 call
20–40%- Premier Energies is poised for rapid growth with new capacities coming online in upcoming quarters.
- The transformer business is expected to triple over the next three years, with revenue ramping up as new product certifications and orders come in.
- The 7 GW new cell capacity is targeted to start revenue generation by September 2026, aiming for ~70% utilization by March 2027, more than doubling current cell production.
- DCR (Domestic Content Requirement) demand growth will skew cell production more towards domestic consumption, supporting strong volume growth.
- The company sees strong demand in solar, rooftop, PM Surya Ghar Yojana, and KUSUM schemes, with quarterly module demand estimated around 6 GW.
2 more points from Premier Energies Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Premier Energies Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Premier Energies is in a hyper-growth phase, focusing on organic growth and open to inorganic opportunities to maximize shareholder wealth.
- Capex in the recent quarter was about INR 1,500 crores, with INR 1,250 crores spent on solar projects (Seetharampur and Naidupeta) and INR 250 crores on Transcon (transformer business).
- Battery Energy Storage Systems (BESS) plans include a 12 gigawatt capacity, with Phase 1 (6 GW) construction underway. They are finalizing a technology partner in the next 2-3 months, but further expansion depends on government guidelines.
2 more points from Premier Energies Ltd's call on capex
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FundraisingQ1 FY27 call
None plannedSee what Premier Energies Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Premier Energies' total order book stands at 15,000 MW.
- Approximately 40% to 45% of the order book is expected to be executed in FY28.
- Module orders in the order book are concentrated for delivery in the next 6-9 months.
- Cell orders are spread over a longer timeline, extending into FY28 and FY29.
- There has been a recent influx of non-DCR module orders due to government extensions, filling near-term module capacity.
- The company is progressively shifting focus toward more DCR integrated module orders rather than standalone cell orders.
2 more points from Premier Energies Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Electrical Equipment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹72,673 Cr | 18.1 | |
| 2 | 40%+ | Up 2%+ | ₹21,700 Cr | 158.1 | |
| 3 | 40%+ | Up 2%+ | ₹491 Cr | 12.2 | |
| 4 | 40%+ | Up 0–2% | ₹12,434 Cr | 48.4 | |
| 5 | 40%+ | Up 0–2% | ₹2,042 Cr | 35.4 | |
| 6 | 40%+ | Up 0–2% | ₹529 Cr | 7.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment rankingPremier Energies Ltd announcements
All announcements →- Capex / expansionNotablePremier Energies Secures ₹4,001 Crore Orders in Q2 FY 2027
- Capex / expansionNotablePremier Energies commissions 7 GW solar cell plant at Naidupeta, India's largest cell facility
Financials of Premier Energies Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Premier Energies Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 611 | 694 | 712 | 1,127 | 1,657 | 1,527 | 1,713 | 1,621 | 1,821 | 1,837 | 1,936 | 2,230 |
| Expenses + | 540 | 595 | 589 | 942 | 1,299 | 1,147 | 1,200 | 1,092 | 1,272 | 1,276 | 1,343 | 1,555 |
| Operating Profit | 71 | 99 | 123 | 184 | 358 | 381 | 514 | 528 | 548 | 561 | 593 | 675 |
| OPM % | 12% | 14% | 17% | 16% | 22% | 25% | 30% | 33% | 30% | 31% | 31% | 30% |
| Other Income + | 6 | 8 | 2 | 12 | 12 | 26 | 36 | 59 | 49 | 84 | 30 | 44 |
| Interest | 18 | 21 | 37 | 45 | 45 | 42 | 47 | 43 | 37 | 32 | 47 | 41 |
| Depreciation | 15 | 16 | 28 | 37 | 79 | 90 | 152 | 177 | 158 | 146 | 70 | 79 |
| Profit before tax | 44 | 71 | 61 | 115 | 246 | 275 | 351 | 368 | 403 | 467 | 505 | 598 |
| Tax % | 28% | 25% | 29% | 9% | 19% | 25% | 27% | 25% | 24% | 24% | 22% | 24% |
| Net Profit + | 31 | 53 | 43 | 104 | 198 | 206 | 255 | 278 | 308 | 353 | 392 | 457 |
| EPS in Rs | 1.19 | 2.01 | 1.64 | 3.95 | 5.93 | 4.57 | 5.66 | 6.16 | 6.83 | 7.80 | 8.65 | 10.08 |
Financials of Premier Energies Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 947 | 701 | 743 | 1,429 | 3,144 | 6,519 | 7,824 |
| Expenses + | 853 | 648 | 713 | 1,350 | 2,666 | 4,738 | 5,447 |
| Operating Profit | 94 | 54 | 30 | 78 | 478 | 1,781 | 2,377 |
| OPM % | 10% | 8% | 4% | 5% | 15% | 27% | 30% |
| Other Income + | 19 | 35 | 25 | 36 | 29 | 134 | 207 |
| Interest | 35 | 22 | 43 | 69 | 121 | 177 | 158 |
| Depreciation | 17 | 12 | 28 | 53 | 96 | 498 | 452 |
| Profit before tax | 61 | 56 | -16 | -8 | 289 | 1,240 | 1,973 |
| Tax % | 26% | 54% | -8% | 72% | 20% | 24% | 23% |
| Net Profit + | 45 | 26 | -14 | -13 | 231 | 937 | 1,510 |
| EPS in Rs | 1.50 | 0.94 | -0.55 | -0.49 | 8.78 | 20.79 | 33.33 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 2% | 1% |
Financials of Premier Energies Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 26 | 26 | 26 | 45 | 45 |
| Reserves | 206 | 197 | 368 | 385 | 620 | 2,777 | 4,262 |
| Borrowings + | 256 | 347 | 455 | 765 | 1,401 | 1,954 | 3,707 |
| Other Liabilities + | 342 | 406 | 491 | 934 | 1,489 | 2,065 | 2,830 |
| Total Liabilities | 828 | 975 | 1,340 | 2,110 | 3,537 | 6,841 | 10,845 |
| Fixed Assets + | 263 | 425 | 479 | 592 | 1,203 | 978 | 1,747 |
| CWIP | 21 | 0 | 114 | 349 | 20 | 242 | 2,144 |
| Investments | 6 | 9 | 55 | 59 | 9 | 845 | 670 |
| Other Assets + | 538 | 541 | 693 | 1,110 | 2,305 | 4,775 | 6,285 |
| Total Assets | 828 | 975 | 1,340 | 2,110 | 3,537 | 6,841 | 10,845 |
Financials of Premier Energies Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -66 | 237 | 5 | 37 | 90 | 1,348 | 1,261 |
| Cash from Investing Activity + | -56 | -353 | -218 | -304 | -447 | -2,410 | -2,156 |
| Cash from Financing Activity + | 134 | 109 | 279 | 252 | 549 | 1,608 | 1,559 |
| Net Cash Flow | 13 | -7 | 66 | -16 | 192 | 546 | 664 |
| Free Cash Flow | -90 | -83 | -178 | -237 | -359 | 728 | -1,736 |
| CFO/OP | -50% | 467% | 57% | 60% | 24% | 98% | 70% |
Financials of Premier Energies Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 74 | 84 | 71 | 15 | 71 | 45 | 46 |
| Inventory Days | 56 | 44 | 135 | 197 | 157 | 121 | 159 |
| Days Payable | 76 | 114 | 168 | 124 | 152 | 88 | 90 |
| Cash Conversion Cycle | 55 | 14 | 38 | 88 | 76 | 78 | 115 |
| Working Capital Days | 52 | -24 | -28 | -58 | -12 | -22 | 27 |
| ROCE % | 13% | 4% | 6% | 25% | 41% | 33% |
Guidance history
How Premier Energies Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | None planned | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 40%+ | Flat | Planned | None planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
16 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −21.3% | 35% |
| Last 6 months | −15.0% | 27% |
| Last 3 months | −12.0% | 35% |
The price is 34.7% below its all-time high of ₹1,324.7 (3 Jan 2025). Stocks more than 20% below their peak have their score halved, so 32 became 16.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Premier Energies Ltd: 0.4 × 35 + 0.4 × 27 + 0.2 × 35 = 32, halved to 16 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Premier Energies Ltd's management said in earlier quarters
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