Premier Explosives, a defence stock, has pulled back significantly after splitting into a 10:1 ratio. The stock which was once over Rs Rs 4,240 per equity share has split into ten smaller shares. From its new 52-week high of Rs 908.80 apiece which was adjusted due to stock split, Premier Explosives has dived by nearly 18% on NSE. While in the trading week from June 24 to 28, the stock dipped by 12%. Nonetheless, Premier Explosives continues to be a multi-bagger.
Premier Explosives Share Price:
The stock price ended at Rs 746.20 apiece, which is its 5% lower circuit on NSE after market hours of June 28. The stock dipped by 11.88% during the week. Its market cap is at Rs 4,011.66 crore.
However, Premier Explosives continues to be a multi-bagger with gains of a whopping 139% so far in 2024.
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.
Premier Explosives Fundamentals:
As per the Trendlyne data, following are the key fundamentals for stock analysis of Premier Explosives:
1. 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%.
2. 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 23.09%.
3. Quarterly Revenue rose 65.88% YoY to ₹87.35 Cr. Its sector's average revenue growth YoY for the quarter was 11.53%.
4. 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%.
5. Stock Price rose 764.86% and outperformed its sector by 612.26% in the past year.
6. Price to Earning Ratio is 141.43, higher than its sector PE ratio of 74.76.
7. Debt to Equity Ratio of 0.28 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
8. Return on Equity(ROE) for the last financial year was 12.87%, in the normal range of 10% to 20%.
9. Mutual Fund Holding increased by 0.64% in the last quarter to 9.29.
10. Promoter Share Holding stayed the same in the most recent quarter at 41.33%.
11. Interest Coverage Ratio is 5.96, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
12. Promoter Pledges are zero.
Premier Explosives Technical:
As per the data, Premier Explosives RSI is stable at 59.3. That is because RSI below 30 is considered oversold and above 70 is overbought. The Relative Strength Index is a technical indicator that measures the recent stock price performance of a respective stock, giving a clear picture of whether it is overbought or oversold.
Premier Explosives is trading above 5 out of 9 Oscillators in bullish zone, and also trading above 6 out of 8 SMAs. The stock has 2 bullish candles active, and no bearish stick.
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.
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