Premier Energies Ltd is a recently listed company in the stock market. The IPO is one of the most successful IPO as it is currently trading at more than 100% premium from its IPO price range. The company is profitable, and Premier Energies’ share price target for 2024, 2025, and 2026 can deliver a multi-bagger return.
Premier Energies IPO bidding date started on 27 August 2024 with an issue size of Rs. 2,830.40 Crore and its price range was set to Rs. 427 to Rs. 450. On the listing day, the stock surprised everyone as it opened or was listed at Rs. 990 i.e. at 100% premium. As of 14 Sept 2024, the stock is trading at Rs. 1,112.15 (market closing).
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About Premier Energies Ltd
Premier Energies Ltd was established in 1995. The company is involved in the manufacturing and distribution of solar cells and modules. Currently, Premier Energies is the second largest fully integrated solar cell and module manufacturer in India.
Currently, the company has solar cell and module manufacturing plants. All the plants are in Telangana and Hyderabad.
The company engaged in the manufacturing and distribution of solar cells and solar panels. It also provides various services like EPC (engineering, procurement, and construction), solar installations, independent power production, and many more.
Premier Energies Ltd’s Achivements
- 12 Years of solar EPC experience.
- 1 GW: Module line under construction.
- 1 GW: Topcon cell line under construction.
- 266.26 MW Ground mount solar projects executed.
- 2 GW: Annual manufacturing capacity of solar cells.
- 3.36 GW: Annul manufacturing capacity of solar modules.
Premier Energies Ltd’s Business, Services, and Products
- Power Production.
- Sale of Solar products.
- Distribution of Solar Cells, Module, etc.
- EPC (engineering, procurement, and construction) services.
- Manufacturing of Solar Cells, Modules, Solar Photovoltaic cells, etc.
- and more…
Primarily the company generates its revenue from selling solar cells and modules. It generates 80% of the revenue by selling solar cells and modules. Generates 20% of revenue from contracts, selling solar accessories, silicon wafers, and more.
There are many major companies like NTPC, Tata Power, First Energy, Madhav Infra, Bluepine, Shakti Pumps, Continuum, Green Infra Wind Energy, and many more.
Premier Energies Ltd’s Scrip Info
| NSE | PREMIERNE |
| BSE | 544238 |
| ISIN | INE0BS701011 |
| SECTOR | Capital Goods – Electrical Equipment |
Company Analysis
Below you’ll find Premier Energies Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹31 |
| Sep 2023 | NA |
| Dec 2023 | NA |
| Mar 2024 | NA |
| Jun 2024 | ₹198 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹45 |
| Mar 2021 | ₹26 |
| Mar 2022 | -₹14 |
| Mar 2023 | -₹13 |
| Mar 2024 | -₹231 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹50,025Cr | ROE | 0.00% |
| P/E Ratio (TTM) | 216.33 | EPS (TTM) | 5.13 |
| P/B Ratio | 28.14 | Div. Yield | 0.00% |
| Industry PE | 108.38 | Book Value | 39.44 |
| Debt to Equity | 1.43 | Face Value | 1 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Aug 2024 |
|---|---|---|---|---|
| FIIs | 3.39% | |||
| DIIs | 4.76% | |||
| Public | 26.72% | |||
| Promoters | 64.25% | |||
| Other Holders | 0.87% |
Key Insights
- Insiders sold the stocks.
- Low DEBT on the company.
- Company with zero promoter pledge.
- The company’s earnings are not improving.
- Premier Energies Ltd is a profitable company.
- Premier Energies Ltd is consistently making profits.
- Annual net profits have been falling for the last 2 years.
- The company does not generate cash from its operations.
Premier Energies Share Price Target
The Premier Energies Ltd is the second largest fully integrated solar cell and module manufacturer in India. The company makes maximum revenue by selling solar cells and modules and the rest from other small businesses and services like solar panel installation, etc.
The financials of Premier Energies Ltd also look strong. In the FY 2020, the company made a net profit of Rs. 45 Crore, in the next FY the net profit was reduced to Rs. 26 Crore, again in the next 2 financial years the company made a loss. But in FY 2024, the company made a massive profit of Rs. 231 Crore. It looks like the company will make a good profit in the upcoming years as well.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹1300 | ₹1450 |
| 2025 | ₹1500 | ₹1700 |
| 2026 | ₹1800 | ₹1900 |
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
Premier Energies Share Price Target 2024
Premier Energies Ltd is a good stock for high return in the short term to long term. Currently, the stock is at a makeover level i.e. it can fall or create a new high in just a few weeks.
Due to the massive demand for the stock, it is likely to go up in the upcoming weeks. But there is no buying opportunity in the stock for the short term or long term it is because of the poor risk-reward ratio.
The stock is listed in the stock market at Rs. 990 at a 100% premium from its IPO range. Currently, it is trading at Rs. 1,112.15 and its 52-week high is Rs. 1,267.95. It is a strong resistance but it is also an opportunity for the short-term trader. Once the stock crosses its 52-week high (Rs. 1,267.95) you can plan a trade on your risk with a stop loss of Rs. 1,070.
If the stock market and economy conditions are stable then you can see Premier Energies’ share price target 2024 of Rs. 1300 to Rs. 1450.
Premier Energies Share Price Target 2025 and 2026
The Premier Energies Ltd’s PE Ratio (TTM) is 216.33 while the industry PE Ratio is Rs. 108.38. It means the stock is expensive right now. It does not mean the stock is not good, it means the investors are very bullish on the stock due to its business model, market share in the industry, financials, fundamentals, etc. In short, the investors are investing in the stock based on the future growth prediction.
Except this, the stock is very good for the long term as the company is profitable, probably make consistent profits soon, and has low debt on the company, the second largest independent solar cell and solar module manufacturer.
Due to these good reasons and achievements of the company, we are also bullish on the company in the long term. As I mentioned the stock is very expensive right now so, as a retail investor you should not buy it in bulk. The stock may fall in the future so, try investing in the stock at a different price just like SIP to get it a good price. The stock share price target surge up to Rs. 1800 to Rs. 1900 by 2025 to 2026.
No doubt it is one of the best stocks for investing in the industry because the company is profitable, probably make consistent profits soon and has low debt on the company, the second largest independent solar cell and solar module manufacturer.
There are also many other good stocks in the industry but investing in it can be good as it is profitable, the second largest independent solar cell and solar module manufacturer, etc.
Now it’s up to you and make sure to analyze the company from your end before investing.
The stock is already listed at 100% premium and surged up to 25% from its listing price in just a few days. So, do not expect this type of movement in the stock for the short term.
In 2024, the stock price can probably go near Rs. 1300 to Rs. 1450. As mentioned, it’s a trade so, you have to also put a SL (stop loss) to limit your loss.
As the stock is already trading at a very high premium than other stocks in the industry. So, the stock can also fall badly in the future. So, be ready for each condition and plan your trade accordingly.
Premier Energies Ltd company is involved in the business of manufacturing, selling, and distributing solar cells, modules, and other solar-related products. The company also provides services like solar panel installation, custom solar panels, etc.
The company generates 80% of its revenue by selling solar cells and solar modules and it generates 20% of the revenue from other sources like selling solar-related products, services, etc.
Some clients of the Premier Energied Ltd company are NTPC, Tata Power, First Energy, Madhav Infra, Bluepine, Shakti Pumps, Continuum, Green Infra Wind Energy, and many more.
Final Words
Premier Energies Ltd is the second largest manufacturer and distributor of solar cells and modules. The company sells its products to many well-known companies like NTPC, Tata Power, First Energy, Madhav Infra, Bluepine, Shakti Pumps, Continuum, Green Infra Wind Energy, etc. Also, the company is profitable and probably makes consistent profits. These insights indicate that Premier Energies’ share price target may deliver multi-bagger returns in 2024, 2025, and 2026.
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