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Premier Energies (PREMIERENE) had a P/E of 22.5× on 6 Nov 2026, above the industry P/E of 15.5×, and the shares are 22% below their 52-week high. It earns ROCE of 27% and ROE of 42%, and sales grew 76% a year over 3 years. Its dividend yield is 0.1%, and debt is 0.86× equity. It is a mid-cap company with a market cap of ₹40,316 Cr, ranked 2nd of 27 Solar companies by market cap; the shares fell 15% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹881.00
Day high
₹903.90
Day low
₹865.30
Prev. close
₹882.50
Volume
8.5 L

Health check

1 good · 3 fair · 2 to check
  • ReturnsIn line

    −15.3% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 22.5 vs industry 15.5.

  • GrowthStrong

    Sales +76.2% a year over 3 years.

  • ProfitabilityAverage

    ROCE 27.4% vs peer median 28.9%.

  • Balance sheetFair

    Debt 0.86× equity, interest covered 17.0×, Piotroski 4 of 9.

  • Red flags1 to check

    Promoter stake down from 63.9% to 58.5%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Solar

26 listed peers. Screen the industry

Mid cap

₹40,316 Cr, #2 of 27 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹8,466 Cr · profit ₹1,665 Cr
Market cap
₹40,316 Cr
Mid cap
P/E
22.5
Industry 15.5
Price to book
9.36
Peers 3.96
Dividend yield
0.08%
ROE
42.4%
Peers 29.9%
ROCE
27.4%
Peers 28.9%
Debt to equity
0.86
Debt ₹3,707 Cr
EPS (TTM)
₹39.56
Face value ₹1
OPM (TTM)
29.9%
Net margin 19.7%
Sales growth
+35.3%
Latest quarter vs a year ago
Profit growth
+50.4%
Latest quarter vs a year ago
Price to sales
4.76
EV/EBITDA 15.9

Strengths and risks

Strengths

  • Return on equity of 42.4%.
  • Return on capital employed of 27.4%.
  • Quarterly profit up 50.4% on a year ago.
  • Quarterly sales up 35.3% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Promoter stake down from 63.9% to 58.5%.

Derived automatically from reported figures. Not a recommendation.

About Premier Energies

Premier Energies Limited, together with its subsidiaries, manufactures, sells, and trades in solar cells and modules in India and internationally. The company offers P-type mono PERC and N-type TOPCon photovoltaic cells, including M10R 10BB mono PERC solar cells, G12R 16BB n-type bifacial solar cells, and G12R 0BB n-type bifacial solar cells; and a range of p-type mono PERC and n-type TOPCon bifacial solar modules across various glass back sheet…

Headquarters
Hyderabad
Employees
2,636
Sector
Technology
ISIN
INE0BS701011
Website
premierenergies.com

Price range

52 weeks

₹660.00₹1,134.00

Today

₹865.30₹903.90
Avg volume (3M)
11.5 L
1-year return
minus 15.3%
From 52-week high
minus 21.5%

Analyst consensus

17 analysts
BuyMean target ₹1,113.76 plus 25.1%

Target range, with today’s price

Low ₹814.00High ₹1,335.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Solar

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
WAAREEENERWaaree Energies2,438.00minus 0.46%70,12919.012.030.1%19.9%0.3157.8%minus 27.3%
PREMIERENEPremier Energies890.00plus 0.85%40,31622.517.427.4%29.9%0.8676.2%minus 15.3%
EMMVEEEmmvee Photovoltaic Power251.31minus 0.28%17,39912.19.734.5%34.7%0.25102.7%plus 14.9%
KARAMTARAKaramtara Engineering375.70minus 0.96%12,09152.827.718.1%9.0%0.9140.4%plus 7.8%
UTLSOLARFujiyama Power Systems351.80minus 9.21%10,81135.722.528.9%18.8%0.4158.7%plus 85.9%
BORORENEWBOROSIL RENEWABLES403.20minus 2.55%5,93413.412.19.5%30.1%0.0720.2%minus 37.6%
VIKRAMSOLRVikram Solar142.39plus 1.95%5,16014.16.020.5%15.4%0.2032.3%minus 56.6%
SAATVIKGLSaatvik Green Energy358.60plus 0.01%4,55826.58.930.8%9.7%0.6995.5%minus 32.1%
Median of 7 peers–−0.46%10,81119.012.028.9%18.8%0.3157.8%−27.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrMar 25Jun 25Dec 25Mar 26Jun 26
1,6211,8211,9362,2302,463
–––+37.6%+35.3%
1,0921,2721,3431,5551,748
529548593675714
32.6%30.1%30.6%30.3%29.0%
59.44929.543.645.6
43.236.847.441.543.9
17715870.279.195.6
368403505598620
24.5%23.6%22.5%23.6%23.9%
278308392457463
–––+64.4%+50.4%
6.166.838.7210.1410.45

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+76.2%
ROE
42.4%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,4273,1396,5117,807
–+119.9%+107.4%+19.9%
1,3192,6474,6785,386
1084931,8332,420
7.6%15.7%28.2%31.0%
−17.3−21.9−11.885.8
47.985.5112124
53.296.1498452
2.60.328.243.2
−7.82891,2401,973
−71.9%20.0%24.4%23.5%
−12.82319371,510
––+305.1%+61.1%
-0.295.1821.3533.63

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
26.326.345.145.3
3856212,7774,262
7641,4011,9543,707
9351,5062,0662,830
2,1113,5546,84110,845
9831,2501,4034,228
399534302,487
0.41.112
1162571,6381,870
6111,9933,3692,258
2,1113,5546,84110,845

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
36.790.21,3481,261
−304−447−2,410−2,156
2525491,6081,559
−15.5192546664
−276−451−620−2,998
−239−361728−1,737
––−22.4−33.6

Shareholding pattern

Source: NSE filings
58.5%
promoters
  • Promoters58.49%
  • Public40.99%
  • Employee trusts0.53%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202658.49%40.99%0.00
30 Jun 202658.49%40.96%minus 5.45
31 Mar 202663.94%35.69%0.00
31 Dec 202563.94%35.26%0.00
30 Sep 202563.94%35.21%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you