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PREMEXPLN
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Recent events
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News
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Corporate Actions
India's Premier Explosives rises on $2.2 mln order win
** Shares of Premier Explosives PRMR.NS rise 3% to 337.40 rupees
** Explosives maker gets order worth 189 mln rupees ($2.2 mln)
** Trading vols at 209,524 shares, 1x the 30-day average
** PRMR down 35.4% YTD
($1 = 86.5230 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Premier Explosives PRMR.NS rise 3% to 337.40 rupees
** Explosives maker gets order worth 189 mln rupees ($2.2 mln)
** Trading vols at 209,524 shares, 1x the 30-day average
** PRMR down 35.4% YTD
($1 = 86.5230 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
Premier Explosives Ltd - Gets Export Order Worth 189 Million Rupees
Premier Explosives Ltd PRMR.NS:
PREMIER EXPLOSIVES LTD - GETS EXPORT ORDER WORTH 189 MILLION RUPEES
Source text: ID:nBSE6xwW4v
Further company coverage: PRMR.NS
Premier Explosives Ltd PRMR.NS:
PREMIER EXPLOSIVES LTD - GETS EXPORT ORDER WORTH 189 MILLION RUPEES
Source text: ID:nBSE6xwW4v
Further company coverage: PRMR.NS
India's Premier Explosives rises on 214.5-mln-rupee order win
** Shares of Premier Explosives PRMR.NS rise as much as 6% to 343 rupees
** The explosives maker said on Wednesday that it has won an export order worth 214.5 million rupees ($2.5 million) for supply of defense explosives
** More than 296,000 shares change hands, 1.7x of 30-day avg
** Stock down 37.3% YTD vs a 64.4% gain in 2024
($1 = 87.0550 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Premier Explosives PRMR.NS rise as much as 6% to 343 rupees
** The explosives maker said on Wednesday that it has won an export order worth 214.5 million rupees ($2.5 million) for supply of defense explosives
** More than 296,000 shares change hands, 1.7x of 30-day avg
** Stock down 37.3% YTD vs a 64.4% gain in 2024
($1 = 87.0550 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Premier Explosives Receives Export Order
March 12 (Reuters) - Premier Explosives Ltd PRMR.NS:
RECEIVES EXPORT ORDER WORTH 214.5 MILLION RUPEES
Source text: ID:nBSE6BFmmQ
Further company coverage: PRMR.NS
(([email protected];;))
March 12 (Reuters) - Premier Explosives Ltd PRMR.NS:
RECEIVES EXPORT ORDER WORTH 214.5 MILLION RUPEES
Source text: ID:nBSE6BFmmQ
Further company coverage: PRMR.NS
(([email protected];;))
Premier Explosives Signs JV Agreement With Global Munition
March 10 (Reuters) - Premier Explosives Ltd PRMR.NS:
PREMIER EXPLOSIVES LTD - SIGNS JV AGREEMENT WITH GLOBAL MUNITION
Source text: ID:nNSE6FLwfW
Further company coverage: PRMR.NS
(([email protected];))
March 10 (Reuters) - Premier Explosives Ltd PRMR.NS:
PREMIER EXPLOSIVES LTD - SIGNS JV AGREEMENT WITH GLOBAL MUNITION
Source text: ID:nNSE6FLwfW
Further company coverage: PRMR.NS
(([email protected];))
Premier Explosives Incorporates Joint Venture Company Global Premier
March 7 (Reuters) - Premier Explosives Ltd PRMR.NS:
INCORPORATES JOINT VENTURE COMPANY GLOBAL PREMIER LIMITED
Source text: ID:nBSE9GH3kx
Further company coverage: PRMR.NS
(([email protected];;))
March 7 (Reuters) - Premier Explosives Ltd PRMR.NS:
INCORPORATES JOINT VENTURE COMPANY GLOBAL PREMIER LIMITED
Source text: ID:nBSE9GH3kx
Further company coverage: PRMR.NS
(([email protected];;))
India's Premier Explosives drops after factory fire results in one death
** Shares of explosives maker Premier Explosives PRMR.NS fall 5.1% to 523 rupees
** Co says fire at factory in Telangana state caused one death and left another severely injured
** Says the accident on Saturday damaged building, equipment
** PRMR rose around 64% in 2024
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Shares of explosives maker Premier Explosives PRMR.NS fall 5.1% to 523 rupees
** Co says fire at factory in Telangana state caused one death and left another severely injured
** Says the accident on Saturday damaged building, equipment
** PRMR rose around 64% in 2024
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
India's Premier Explosives jumps on JV for defence and aerospace products
** Shares of Premier Explosives PRMR.NS rise to an exchange-allowed maximum of 10% to 567.60 rupees
** The explosives maker enters into memorandum of understanding with Global Munition to set up a joint venture for defence and aerospace products
** PRMR will hold a 49% stake in proposed JV and Global Munition to hold the remaining 51%
** PRMR up ~79% YTD
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Premier Explosives PRMR.NS rise to an exchange-allowed maximum of 10% to 567.60 rupees
** The explosives maker enters into memorandum of understanding with Global Munition to set up a joint venture for defence and aerospace products
** PRMR will hold a 49% stake in proposed JV and Global Munition to hold the remaining 51%
** PRMR up ~79% YTD
(Reporting by Vijay Malkar)
(([email protected];))
Premier Explosives Enters MoU With Global Munition For JV
Dec 13 (Reuters) - Premier Explosives Ltd PRMR.NS:
PREMIER EXPLOSIVES LTD - ENTERS MOU WITH GLOBAL MUNITION FOR JOINT VENTURE
PREMIER EXPLOSIVES LTD - JV EQUITY RATIO AT 51:49 BETWEEN GLOBAL MUNITION AND CO
Source text: ID:nBSE14ltZg
Further company coverage: PRMR.NS
(([email protected];))
Dec 13 (Reuters) - Premier Explosives Ltd PRMR.NS:
PREMIER EXPLOSIVES LTD - ENTERS MOU WITH GLOBAL MUNITION FOR JOINT VENTURE
PREMIER EXPLOSIVES LTD - JV EQUITY RATIO AT 51:49 BETWEEN GLOBAL MUNITION AND CO
Source text: ID:nBSE14ltZg
Further company coverage: PRMR.NS
(([email protected];))
Premier Explosives Names Vijay Kumar B.M As CFO
Nov 11 (Reuters) - Premier Explosives Ltd PRMR.NS:
PREMIER EXPLOSIVES - NAMES VIJAY KUMAR B.M AS CFO
Source text: ID:nBSE3vzWqB
Further company coverage: PRMR.NS
(([email protected];))
Nov 11 (Reuters) - Premier Explosives Ltd PRMR.NS:
PREMIER EXPLOSIVES - NAMES VIJAY KUMAR B.M AS CFO
Source text: ID:nBSE3vzWqB
Further company coverage: PRMR.NS
(([email protected];))
India's Premier Explosives gains on 892 mln-rupee order win
** Shares of Premier Explosives PRMR.NS rise 5% to 476.2 rupees
** Commodity chemicals maker gets order worth 892 mln rupees (~$11 mln) from Telangana's Singareni Collieries to supply explosives used for blasts at different opencast projects
** Stock up 50% YTD
($1 = 84.1900 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
** Shares of Premier Explosives PRMR.NS rise 5% to 476.2 rupees
** Commodity chemicals maker gets order worth 892 mln rupees (~$11 mln) from Telangana's Singareni Collieries to supply explosives used for blasts at different opencast projects
** Stock up 50% YTD
($1 = 84.1900 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
Premier Explosives Gets Order Worth 892 Mln Rupees
Nov 5 (Reuters) - Premier Explosives Ltd PRMR.NS:
GETS ORDER WORTH 892 MILLION RUPEES
Source text: ID:nBSE1cyJzs
Further company coverage: PRMR.NS
(([email protected];;))
Nov 5 (Reuters) - Premier Explosives Ltd PRMR.NS:
GETS ORDER WORTH 892 MILLION RUPEES
Source text: ID:nBSE1cyJzs
Further company coverage: PRMR.NS
(([email protected];;))
Premier Explosives Says Srihari Pakalapati Resigns As CFO
Sept 30 (Reuters) - Premier Explosives Ltd PRMR.NS:
SRIHARI PAKALAPATI RESIGNS AS CHIEF FINANCIAL OFFICER
Source text for Eikon: ID:nBSE73VFg2
Further company coverage: PRMR.NS
(([email protected];;))
Sept 30 (Reuters) - Premier Explosives Ltd PRMR.NS:
SRIHARI PAKALAPATI RESIGNS AS CHIEF FINANCIAL OFFICER
Source text for Eikon: ID:nBSE73VFg2
Further company coverage: PRMR.NS
(([email protected];;))
Premier Explosives Approves Sub-Division Of Shares, Raising Of Funds
April 19 (Reuters) - Premier Explosives Ltd PRMR.NS:
APPROVED SUB-DIVISION OF SHARES
APPROVED RAISING OF FUNDS UP TO 4 BILLION RUPEES
APPROVED SUB-DIVISION OF SHARES IN RATIO 1:5
Source text for Eikon: ID:nNSE2Lyy1M
Further company coverage: PRMR.NS
(([email protected];))
April 19 (Reuters) - Premier Explosives Ltd PRMR.NS:
APPROVED SUB-DIVISION OF SHARES
APPROVED RAISING OF FUNDS UP TO 4 BILLION RUPEES
APPROVED SUB-DIVISION OF SHARES IN RATIO 1:5
Source text for Eikon: ID:nNSE2Lyy1M
Further company coverage: PRMR.NS
(([email protected];))
Premier Explosives To Consider Funds Raise, Share Split
April 9 (Reuters) - Premier Explosives Ltd PRMR.NS:
TO CONSIDER RAISING OF FUNDS
TO CONSIDER PROPOSAL OF SUB-DIVISION/SPLIT IN FACE VALUE OF EQUITY SHARES
Source text for Eikon: ID:nBSE7YM7DB
Further company coverage: PRMR.NS
(([email protected];))
April 9 (Reuters) - Premier Explosives Ltd PRMR.NS:
TO CONSIDER RAISING OF FUNDS
TO CONSIDER PROPOSAL OF SUB-DIVISION/SPLIT IN FACE VALUE OF EQUITY SHARES
Source text for Eikon: ID:nBSE7YM7DB
Further company coverage: PRMR.NS
(([email protected];))
India's Premier Explosives rises on approval to set up ammunition plant
** Shares of Premier Explosives Ltd PRMR.NS rise as much as 5.2% to 1,473.85 rupees; last up 3.7%
** Co says got an in principle approval from State Level Single Window Clearance Authority to set up plant at Rayagada in Odisha state
** Adds, setting up defence explosives, raw materials, ammunition plant with an investment of about 8.64 bln rupees ($104.3 million)
** Stock trading above its 200-day simple moving avg since June 2023; on track to snap three quarters of gains
** PRMR down ~8.6% YTD
($1 = 82.8680 Indian rupees)
(Reporting by Meenakshi Maidas)
(([email protected];))
** Shares of Premier Explosives Ltd PRMR.NS rise as much as 5.2% to 1,473.85 rupees; last up 3.7%
** Co says got an in principle approval from State Level Single Window Clearance Authority to set up plant at Rayagada in Odisha state
** Adds, setting up defence explosives, raw materials, ammunition plant with an investment of about 8.64 bln rupees ($104.3 million)
** Stock trading above its 200-day simple moving avg since June 2023; on track to snap three quarters of gains
** PRMR down ~8.6% YTD
($1 = 82.8680 Indian rupees)
(Reporting by Meenakshi Maidas)
(([email protected];))
India's Paras Defence up as co forays into quantum communication
** Shares of Paras Defence and Space Technologies PRAF.NS rise as much as 5.6% to 759 rupees
** Co incorporates new subsidiary Quantico Technologies Pvt
** New unit to focus on quantum communication, a technology theoretically impossible to hack, according to researchers
** More than 870,000 shares change hands by 2:56 p.m. IST, 2.5x of 30-day avg
** More than 800,000 shares were traded in single sessions only twice in the last quarter
** Stock rose 19.5% in 2023, while rival defence-linked companies Premier Explosives PRMR.NS, Bharat Electronics BAJE.NS, MTAR Technologies MTAR.NS and Solar Industries SLIN.NS rose 278.7%, 84.4%, 36.5% and 53.4%, respectively
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Paras Defence and Space Technologies PRAF.NS rise as much as 5.6% to 759 rupees
** Co incorporates new subsidiary Quantico Technologies Pvt
** New unit to focus on quantum communication, a technology theoretically impossible to hack, according to researchers
** More than 870,000 shares change hands by 2:56 p.m. IST, 2.5x of 30-day avg
** More than 800,000 shares were traded in single sessions only twice in the last quarter
** Stock rose 19.5% in 2023, while rival defence-linked companies Premier Explosives PRMR.NS, Bharat Electronics BAJE.NS, MTAR Technologies MTAR.NS and Solar Industries SLIN.NS rose 278.7%, 84.4%, 36.5% and 53.4%, respectively
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
India's Premier Explosives Ltd Sept-Quarter Consol Net Profit Rises
Oct 30 (Reuters) - Premier Explosives Ltd PRMR.NS:
INDIA'S PREMIER EXPLOSIVES LTD SEPT-QUARTER CONSOL NET PROFIT 116.5 MILLION RUPEES VERSUS PROFIT 25.8 MILLION RUPEES
PREMIER EXPLOSIVES LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 784.2 MILLION RUPEES VERSUS 606.4 MILLION RUPEES
Source text for Eikon: ID:nBSE2DdJnp
Further company coverage: PRMR.NS
(([email protected];))
Oct 30 (Reuters) - Premier Explosives Ltd PRMR.NS:
INDIA'S PREMIER EXPLOSIVES LTD SEPT-QUARTER CONSOL NET PROFIT 116.5 MILLION RUPEES VERSUS PROFIT 25.8 MILLION RUPEES
PREMIER EXPLOSIVES LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 784.2 MILLION RUPEES VERSUS 606.4 MILLION RUPEES
Source text for Eikon: ID:nBSE2DdJnp
Further company coverage: PRMR.NS
(([email protected];))
Indian defence-linked stocks jump on govt nod for proposals worth 78 bln rupees
** Shares of defence-linked companies rise after India's defence acquisition council approves proposals worth 78 bln rupees
** Paras Defence and Space Technologies PRAF.NS, Premier Explosives PRMR.NS, Bharat Electronics BAJE.NS, MTAR Technologies MTAR.NS and Solar Industries SLIN.NS jump between 1.7% and 4.5% each
** Proposals pertain to enhancing efficiency of Indian Air Force, procuring guns, tanks and systems for mechanised infantry and unmanned surveillance
** BAJE, which will provide the electronic warfare (EW) suite to Indian Air Force, gained as much as 2.64% to a record high
** PRMR, SLIN also scaled fresh all-time highs on Friday
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
** Shares of defence-linked companies rise after India's defence acquisition council approves proposals worth 78 bln rupees
** Paras Defence and Space Technologies PRAF.NS, Premier Explosives PRMR.NS, Bharat Electronics BAJE.NS, MTAR Technologies MTAR.NS and Solar Industries SLIN.NS jump between 1.7% and 4.5% each
** Proposals pertain to enhancing efficiency of Indian Air Force, procuring guns, tanks and systems for mechanised infantry and unmanned surveillance
** BAJE, which will provide the electronic warfare (EW) suite to Indian Air Force, gained as much as 2.64% to a record high
** PRMR, SLIN also scaled fresh all-time highs on Friday
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
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What does Premier Explosives do?
Premier Explosives Limited manufactures various high energy materials for industries such as mining, infrastructure, defense, and space, and also operates solid propellant plants of defense and space establishments.
Who are the competitors of Premier Explosives?
Premier Explosives major competitors are GOCL Corporation, Solar Industries, Shankara Bldg. Prod, Hardwyn India, Sicagen India, Priti International, Ahlada Engineers. Market Cap of Premier Explosives is ₹2,129 Crs. While the median market cap of its peers are ₹628 Crs.
Is Premier Explosives financially stable compared to its competitors?
Premier Explosives seems to be less financially stable compared to its competitors. Altman Z score of Premier Explosives is 7.51 and is ranked 4 out of its 8 competitors.
Does Premier Explosives pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Premier Explosives latest dividend payout ratio is 9.48% and 3yr average dividend payout ratio is 22.12%
How has Premier Explosives allocated its funds?
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances
How strong is Premier Explosives balance sheet?
Balance sheet of Premier Explosives is strong. But short term working capital might become an issue for this company.
Is the profitablity of Premier Explosives improving?
Yes, profit is increasing. The profit of Premier Explosives is ₹31.77 Crs for TTM, ₹28.36 Crs for Mar 2024 and ₹6.91 Crs for Mar 2023.
Is the debt of Premier Explosives increasing or decreasing?
The debt of Premier Explosives is decreasing. Latest debt of Premier Explosives is ₹2.99 Crs as of Mar-24. This is less than Mar-23 when it was ₹68.95 Crs.
Is Premier Explosives stock expensive?
Premier Explosives is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Premier Explosives is 67.16, while 3 year average PE is 71.06. Also latest EV/EBITDA of Premier Explosives is 34.5 while 3yr average is 28.72.
Has the share price of Premier Explosives grown faster than its competition?
Premier Explosives has given better returns compared to its competitors. Premier Explosives has grown at ~42.92% over the last 6yrs while peers have grown at a median rate of 18.45%
Is the promoter bullish about Premier Explosives?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Premier Explosives is 41.33% and last quarter promoter holding is 41.33%.
Are mutual funds buying/selling Premier Explosives?
The mutual fund holding of Premier Explosives is decreasing. The current mutual fund holding in Premier Explosives is 8.03% while previous quarter holding is 8.18%.