One of the small-cap Chemicals stock has hit an upper limit of 5% after winning an order worth Rs. 89.20 crore for a two-year order from Singareni Collieries for explosive supplies in opencast mining. This order has driven strong investor interest in the chemicals sector stock.
Share Price Movement
The share price of Premier Explosives Limited hit a 5 percent upper circuit to Rs. 476.15 per share on Tuesday, a significant rise from its previous close of Rs. 453.50 per share. The market capitalisation now stands at approximately Rs. 2,559.84 crore as of November 06, 2024.
What Happened
Premier Explosives Limited’s stock price surged 5% following the order win. The company has received a two-year order valued at ₹89.20 crore from Singareni Collieries, a government entity, to supply explosives and accessories for blasting operations at various opencast mining projects under SCCL’s management.
Financials Performance
According to its recent filing, in the quarter ending June 2024, Premier Explosives Limited’s consolidated revenue from operations has increased by 33.75 percent YOY, from Rs. 61.64 crore in Q1 FY24 to Rs. 82.86 crore in Q2 FY25, and has declined by 4.75 percent QoQ from Rs. 86.79 crore in Q4 FY24.
The company’s consolidated net profit has declined by 11.32 percent, from Rs. 8.21 crore in Q1 FY24 to Rs. 7.28 crore in Q1 FY25. As compared to the last quarter of 2025, the company’s net profit is up by 9.80 percent QoQ from Rs. 6.63 crore.
The company’s EPS has declined by 11.76 percent from Rs. 1.53 in Q1 FY24 to Rs. 1.35 in Q1 FY25.
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Shareholding Pattern
As of the November 2024 shareholding pattern, Premier Explosives Limited is primarily held by the promoter with 41.33 percent, foreign institutional investors hold 0.36 percent, and the public by 49.93 percent.
About the company
Premier Explosives Limited (PEL) has transformed India’s defence and space sectors since its inception in 1980. Furthermore, the Secunderabad-based company excels in manufacturing high-energy materials and explosives for critical national applications. Additionally, PEL distinguishes itself as the sole private entity in India developing solid propellants for prestigious missile programs like Akash and BrahMos.
The company’s impressive operational footprint extends across strategic locations in Telangana, Madhya Pradesh, Maharashtra, and Tamil Nadu. Moreover, PEL’s state-of-the-art facilities demonstrate their commitment to manufacturing excellence and technological innovation.
Consequently, their collaboration with prestigious institutions like IIT Madras has accelerated breakthrough developments in high-energy materials. Meanwhile, the company maintains stringent quality standards across all manufacturing processes.
Written By Fazal Ul Vahab C H
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