Premier Explosives, a defence stock after splitting for the first time last week on June 21, witnessed a lower circuit on June 24. It means there were several sellers but no buyers in this stock. Nonetheless, Premier Explosives continues to be a multi-bagger with triple-digit gains in YTD.
Premier Explosives Share Price:
The stock price froze at Rs 846.65 apiece, which is its 5% lower circuit on June 24. Its market cap is around Rs 4,551.69 crore.
After adjusting to the stock split ratio, the stock's 52-week high and low are at Rs 909.35 apiece and Rs85.65 apiece respectively. YTD, the stock zoomed by 171%.
Before splitting, the stock was above Rs 4,240 levels on June 20.
Premier Explosives Stock Split:
The turned ex-split for sub-division in the ratio of 5:1. Meaning, 1 existing equity share of Premier Explosives with a face value of Rs 10 each, will be subdivided into 5 smaller equity shares with a face value of Rs 2 each. The record date to determine eligible shareholders for the stock split is fixed on June 21.
PEL has the widest range of products and technologies in the manufacture of Explosives & Accessories. These include Emulsion and Slurry explosives, LD cartridge explosives, Bulk Explosives, Small-dia non-permitted explosives, Permitted explosives, Cast Boosters, Pillow-packs for secondary blasting; Detonating Fuse of various core-loads, Plain detonators, Instantaneous Electric Detonators, Electric Delay Detonators, Permitted Detonators, Cord Relays and Amardet NoN-Electric Shock-tube Detonators.
PEL's R &D facility is recognized by the Department of Scientific and Industrial Research (DSIR), Government of India, as an established research centre. It is also recognized as a research base for PhD work by Gulbarga University, Gulbarga, Karnataka. PEL's laboratory is accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL). PEL also has a collaboration with IIT, Madras for research and development in high-energy materials.
Some of the key fundamentals of Premier Explosives stock as per Trendlyne data are:
- Annual Revenue rose 35.1%, in the last year to ₹275.87 Cr. Its sector's average revenue growth for the last fiscal year was 10.78%.
- Annual Net Profit rose 310.53% in the last year to ₹28.36 Cr. Its sector's average net profit growth for the last fiscal year was 23.1%.
- Quarterly Revenue rose 65.88% YoY to ₹87.35 Cr. Its sector's average revenue growth YoY for the quarter was 11.53%.
- Quarterly Net profit rose 180.25% YoY to ₹6.75 Cr. Its sector's average net profit growth YoY for the quarter was 24.54%.
- Stock Price rose 882.14% and outperformed its sector by 726.03% in the past year.
The price to Earning Ratio is 160.43, higher than its sector PE ratio of 74.85.
- Debt to Equity Ratio of 0.28 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
- Return on Equity(ROE) for the last financial year was 12.87%, in the normal range of 10% to 20%.
- Mutual Fund Holding increased by 0.64% in the last quarter to 9.29.
- Promoter Share Holding stayed the same in the most recent quarter at 41.33%.
- Interest Coverage Ratio is 5.96, higher than 1.5. This means that it can meet its interest payments comfortably with its earnings (EBIT).
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