PREMIERENE

Premier Energies share price & financials

Price
₹1,086.2
Market cap
₹46.0k Cr
Sector
Capital Goods
Calls analysed
6
Latest concall · Q1 FY27 · call held 07 Aug 2026

Premier Energies Limited Q1 FY27

Revenue ₹2,508 cr +34%EBITDA ₹759 cr +27%EBITDA Margin 30.3% PAT ₹472 cr +53%

What went well

  • Total revenue increased 34% year-on-year to INR 2,508 crores.
  • EBITDA and PAT grew by 27% and 53% to INR 759 crores and INR 472 crores, respectively.
  • Operational 5.6 gigawatt fully automated solar module plant at Seetharampur and 92% capacity utilization at Telangana cell plants.

What to watch

  • Non-DCR business is currently not profitable due to oversupply in the market.
  • Initial ramp-up after capacity expansion is usually slow, impacting immediate revenue realization from new facilities.
Read the full call →

What Premier Energies Limited does

Premier Energies makes ingots, wafers, solar cells and PV modules through a vertically integrated manufacturing chain, using technologies such as TOPCon with Zero Busbar architecture. It sells to Independent Power Producers, EPC contractors and government institutions in both domestic and international (including US) markets. The company is diversifying into allied clean-energy products - battery energy storage system (BESS) containers, solar inverters, aluminium frames and, through its Transcon subsidiary, power transformers - to build a broader cleantech product portfolio.

Segments

  • Cells
  • Modules
  • Transformers (Transcon)
  • EPC
Cell manufacturing capacity
10.6 GW
Module manufacturing capacity
11.1 GW
Ingot-wafer plant under construction
10 GW
BESS container plant capacity (planned)
12 GWh
Inverter plant capacity (planned)
3 GW
Aluminium frames plant capacity (planned)
18,000 MT
Founded 1995Headquarters Hyderabad, Telangana, India Company website

Guidance record · Q1 FY27

what the last two calls moved 28 tracked 2 delivered 7 missed 19 open
  • Inverter Capacity went quiet said Q1 FY26 Promised: 3 gigawatt of inverter capacity by the end of FY28. Q1 FY27: The specific 3 GW capacity target was not mentioned. No update was provided on the finalization of the inverter strategy.
  • Transcon GVA Capacity revised down said Q3 FY26 Promised: total capacity expected to increase to 16.75 GVA by July 2026 Q1 FY27: The target has been revised to 16.25 GVA by FY28. This represents a slight reduction in capacity and a delay of approximately 1.5 years.
  • Integrated Capacity on track said Q1 FY26 Promised: Build an integrated 10 gigawatt in-board to module manufacturing ecosystem by the end of FY28. Q1 FY27: Management confirms progress towards this goal, stating 'Once our cell line gets operational, we're almost 10 gigawatt cell and 11 gigawatt module'.

All 28 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 35.3%, net profit up 53.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,527 1,713 1,621 1,821 1,837 +20%1,936 +13%2,230 +38%2,463 +35%
EBITDA381 514 528 548 561 +47%593 +15%675 +28%714 +30%
Net profit206 255 278 308 353 +71%392 +54%457 +64%472 +53%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −6.5% 1Y

₹0.7k₹0.8k₹0.9k₹1.0k₹1.1kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q3 FY26 — 23 Jan 2026Q4 FY26 — 15 May 2026Q1 FY27 — 7 Aug 2026

1Y: ₹1,041.8 on 10 Sept 2025 → ₹974.2. High ₹1,117.2 (10 Jul 2026), low ₹683.1 (23 Jan 2026).

How the price took the results

close before → close after

Q1 FY27
+0.5%
7 Aug
Q4 FY26
+0.4%
15 May
Q3 FY26
−7.7%
23 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 57.8% a year over 2 years, FY24 to FY26. Operating margin widened to 30.4%.

Year endingFY24FY25FY26
Revenue₹3.1k Cr₹6.5k Cr₹7.8k Cr
Operating profit₹477 Cr₹1.8k Cr₹2.4k Cr
Operating margin15.2%27.3%30.4%
Interest₹121 Cr₹177 Cr₹157 Cr
Depreciation₹96 Cr₹498 Cr₹453 Cr
Net profit₹231 Cr₹937 Cr₹1.5k Cr
Net margin7.3%14.4%19.3%
Cash from operations₹90 Cr₹1.3k Cr₹1.3k Cr
Free cash flow₹-359 Cr₹728 Cr₹-1.7k Cr
ROCE25.0%41.0%33.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹25 Cr₹26 Cr₹26 Cr₹26 Cr₹45 Cr₹45 Cr
Reserves₹197 Cr₹368 Cr₹385 Cr₹620 Cr₹1.8k Cr₹4.3k Cr
Borrowings₹347 Cr₹455 Cr₹765 Cr₹1.4k Cr₹18 Cr₹3.7k Cr
Other liabilities₹406 Cr₹491 Cr₹934 Cr₹1.5k Cr₹312 Cr₹2.8k Cr
Total liabilities₹975 Cr₹1.3k Cr₹2.1k Cr₹3.5k Cr₹2.2k Cr₹10.8k Cr
Fixed assets₹425 Cr₹479 Cr₹592 Cr₹1.2k Cr₹79 Cr₹1.7k Cr
Capital work in progress₹0 Cr₹114 Cr₹349 Cr₹20 Cr₹0 Cr₹2.1k Cr
Investments₹9 Cr₹55 Cr₹59 Cr₹9 Cr₹1.6k Cr₹670 Cr
Other assets₹541 Cr₹693 Cr₹1.1k Cr₹2.3k Cr₹512 Cr₹6.3k Cr
Total assets₹975 Cr₹1.3k Cr₹2.1k Cr₹3.5k Cr₹2.2k Cr₹10.8k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters trimmed −5.77 pp while DIIs added +5.01 pp. The shareholder count shrank 11% to 3,38,684.

Promoters
58.5%
FIIs
7.9%
DIIs
18.0%
Public
15.1%
Others
0.6%

Since Jun 2025

  • Promoters −5.77 pp
  • DIIs +5.01 pp
  • FIIs +3.54 pp

How it drifted, 8 quarters

Over this window DIIs went from 6.7% to 18.0% — +11.3 pp.

Sep '24Jun '25Jun '26

Ownership split by quarter, oldest first. Sep '24: Promoters 64.3%, FIIs 3.1%, DIIs 6.7%, Public 25.1%, Others 0.9%.Dec '24: Promoters 64.3%, FIIs 2.3%, DIIs 8.0%, Public 24.6%, Others 0.9%.Mar '25: Promoters 64.3%, FIIs 3.0%, DIIs 8.7%, Public 23.4%, Others 0.7%.Jun '25: Promoters 64.3%, FIIs 4.4%, DIIs 13.0%, Public 17.7%, Others 0.7%.Sep '25: Promoters 63.9%, FIIs 4.2%, DIIs 13.3%, Public 17.7%, Others 0.9%.Dec '25: Promoters 63.9%, FIIs 4.5%, DIIs 12.7%, Public 18.1%, Others 0.8%.Mar '26: Promoters 63.9%, FIIs 5.7%, DIIs 13.7%, Public 16.3%, Others 0.4%.Jun '26: Promoters 58.5%, FIIs 7.9%, DIIs 18.0%, Public 15.1%, Others 0.6%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 6 holders trimming and 3 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Premier Energies Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Chiranjeev Singh Saluja 57.19%−0.12 pp
South Asia Growth Fund Ii Holdings, Llc 5.52%unchanged
Motilal Oswal Nifty 500 ETF Mutual fund3.90%newly disclosed
Sudhir Moola 3.06%−0.29 pp
Quant Mutual Fund-Quant Mid Cap Fund Mutual fund2.65%+0.14 pp
Axis Mutual Fund Trustee Ltd. A/C Axis Mutual Fund Mutual fund2.39%newly disclosed
SBI Life Insurance Co. Ltd Insurer1.19%newly disclosed
Vivana Saluja 1.12%unchanged
Smallcap World Fund, Inc Global fund house1.10%newly disclosed
Jasveen Kaur Saluja 0.18%−0.44 pp
Surenderpal Singh Saluja 0.00%−3.46 pp
Manjeet Kaur Saluja 0.00%−1.12 pp

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in PREMIERENE

Filings to Aug 2026

1 new, 5 added, 2 trimmed, 0 sold out — net +21.27 L shares (+227.8%).

Held by funds
₹316 Cr
9 schemes
Biggest holder
Nippon India Small Cap Fund
₹213 Cr · 0.3% of that fund
SchemeHoldingLast month
Nippon India Small Cap Fund Nippon India Mutual Fund₹213 Crnew
HDFC Manufacturing Fund HDFC Mutual Fund₹54 Crheld
SBI Arbitrage Fund SBI Mutual Fund₹25 Cr+0.64 L
Nippon India ETF Nifty Midcap 150 Nippon India Mutual Fund₹12 Cr+0.07 L
Nippon India Nifty Midcap 150 Index Fund Nippon India Mutual Fund₹8 Cr+0.01 L
SBI Nifty Midcap 150 Index Fund SBI Mutual Fund₹4 Cr+0.01 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr−0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

5 added, 2 trimmed — net +21.27 L shares (+227.8%)

Funds are sitting on
+5%
vs est. average cost
Held by funds
₹316 Cr
9 schemes · ≈ 0.72% of the company
Biggest holder
Nippon India Small Cap Fund
₹213 Cr · 0.3% of that fund
Longest holder
Nippon India ETF Nifty Midcap 150
1y 6m · since Mar '25

Shares held by these funds −51%

Aug '24 9.34 L shares Jul '26

What the price assumes

Attractive

To justify its price of ₹974, this stock must grow earnings at 19% every year for 7 years. Our analysis caps realistic growth at ~151%. At that growth it is worth ₹142942 — upside of 14573%.

Growth the price implies
18.7% a year
for 7 years, fading to 4%
It has actually compounded at
150.7% a year
net profit, FY24–FY26
The gap
-1.3 pp
14573% downside if it only repeats history
Price today ₹974.2 Value at the reference growth ₹1,42,941.93

Change the assumptions yourself →

All earnings calls (4)

Read the Q1 FY27 call →

Learn to analyse Premier Energies Limited

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