Premier Energies Limited (PREMIERENE)

Mid Cap

Premier Energies is an Indian solar PV manufacturer with over 30 years of experience, vertically integrating ingot-wafer, cell, and module production. The company is expanding its capacity to 10 GW+ and diversifying into allied cleantech solutions like BESS, inverters, and transformers, aiming to become a leading provider in India.

₹899

-2.05 · -0.23%

Market cap ₹41,083 Cr

IndicesNifty 500

ThemesSolar Module Manufacturing Wind & Solar Equipment Manufacturing Renewable Energy+3 more

Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am IST

Details

Quote21 Oct, 04:45 am IST

Base fundamentals16 Oct 2026 · screener

Latest result06 Aug, 11:17 pm IST

Score21 Oct, 04:30 am IST · v4.3-runtime-valuation

Tags04 Jun 2026

Coverage13/14 · 93%

Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)

Technical timing lens

Trend score and candlestick chart

43Neutral

SMA20 -8.7% / mo · MACD +

Stock trend: 39

Sector RS: 50

Sector 3M: -6.3% vs Nifty 500 -5.6%

Industrials FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Compare peers →

Technical chart

PREMIERENED candles · FIT view-10.8%

Latest close ₹899.00 on 2026-10-19

Bar

-1.0%

RSI

MACD hist

5.58

52W pos

50%

2026-10-19O ₹908.00H ₹931.60L ₹899.00C ₹899.00Vol 15.6L sh

Up bar

Down bar

EMA 20

EMA 50

Volume + 20D avg

Result date

RSI(14)

MACD / signal

Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

PREMIERENENifty India ManufacturingNifty 500

PREMIERENE: -17.2%
Nifty 500: -5.6%
Nifty India Manufacturing: -5.8%
Vs Nifty 500: -11.7 pp

Chart stats

19 Oct 2026

From 52W high: -20.7%
52W range position: 50%
ATR (14): 3.1%
Volume vs 20D: 1.26x
Avg traded value: ₹104 Cr
20D price channel: ₹853.6 - ₹931.6

Quarter ended 30 Jun 2026

Excellent · 77

Rev +35% YoY · PAT +53% YoY · +10% QoQ · operating leverage · margin compression

Revenue: ₹2,463 Cr; YoY +35.3%
PAT: ₹472 Cr; YoY +53.3%
Operating margin: 29.0%; QoQ -100 bps
PAT margin: 19.2%; QoQ -133 bps

Filed 06 Aug 2026Full result & history →

Current-quarter concall

Transcript not linked yet

No source-linked earnings-call transcript is available for this company in the active results quarter.

Search Concall Intelligence

Technical snapshot

Positioning and participation

Stage 1 Base / Transition

Current trend context ranked against the Nifty 500. It describes the chart; it is not a buy or sell signal.

RS percentile: 32; +6 ranks over 20D
Stage 2 entry: Not in Stage 2; Current classification: Stage 1 Base / Transition
Sector rotation: #5; neutral · 58 stocks
Industry rotation: —; Fewer than five rank-eligible peers

Trend structure

Below 20-DMABelow 50-DMABelow 200-DMA

RSI (14)

Weak momentum

MACD

Above signal

Histogram +5.58

Volume participation

1.3x average

Versus 20-session average

20-session position

58% of range

₹853.6 low · ₹931.6 high

Relative performance

vs Nifty 500

1M: +3.2 pp; stock -0.3%
3M: -11.7 pp; stock -17.2%
6M: -7.5 pp; stock -11.1%
1Y: -7.5 pp; stock -14.5%

From 52W high

-20.7%

High ₹1,134

52W range position

50%

₹666.9 - ₹1,134

ATR (14)

3.1%

₹27.7

Avg traded value

₹104 Cr

20-session average

Current setup

No confirmed setup attached

Review the chart and detailed technical evidence before drawing a conclusion.

Open detailed technicals →

Research snapshot

What the evidence says now

Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.

Suggested next step

Research, do not rush

The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.

U-Score

Legacy · UNDERVALUED

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Quarter ended 30 Jun 2026

Excellent · 77/100

Rev +35% YoY · PAT +53% YoY · +10% QoQ · operating leverage · margin compression

Filed 06 Aug 2026

Open results browser →

Metric	This quarter	YoY	QoQ
Revenue	₹2,463 Cr	+35.3%	+10.4%
EBITDA	₹714 Cr	+30.3%	+5.8%
Operating margin	29.0%	-100 bps	-100 bps
PAT	₹472 Cr	+53.3%	+3.3%
PAT margin	19.2%	+225 bps	-133 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E: 24.70
P/B: 9.52
EV/EBITDA: 15.27
Market Cap: 41083.00Cr

Profitability

ROE: 41.00%
ROCE: 32.70%
ROA: 15.44%
Dividend Y: 0.11%

Growth (CAGR)

Revenue 5Y: 62.00%
EPS 5Y: 131.00%
Revenue 3Y: 76.00%
EPS 3Y: 327.50%

Balance Sheet

Debt/Equity: 0.86
Interest Coverage: 15.41×
Altman Z: 6.02
Book Value: 95.10

Cash Flow

FCF Yield: —
FCF Positive Y: 0/5
OCF: 1261.00 Cr
EPS TTM: 36.73

Shareholding

Promoter Hold: 58.48%
Promoter Pledge: 0.00%
Momentum 52W: 52%

Financial History

Updated 19/10/2026

Revenue

₹ Cr

Latest: 2,463+10.4% vs prev

Net Profit

₹ Cr

Latest: 472+3.3% vs prev

ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Bearish setup

Trend is weak — long-term trend down. RSI 44.

Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
SMA20 falling (~9.5% over last month) — short-term momentum negative.
RSI(14) at 44 — falling, no extreme reading.
MACD above signal but histogram contracting — bullish momentum cooling.
21% off 52W high · 35% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

RS percentile

Stage 1 Base / Transition

1M return

-0.3%

3M return

-17.2%

6M return

-9.3%

1Y return

-17.6%

RS 1D

RS 20D

Sector rank

Industry rank

Stage evidence

Price is 9.9% below the 30-week proxy without full trend alignment.
The 30-week proxy changed +1.9% over 20 sessions.
The moving-average structure does not confirm Stage 2 or Stage 4.

50-DMA

price below

200-DMA

price below

Sector

neutral

Industry

unranked

Relative-strength line vs Nifty 500 (base 100)

261 observations

19 Oct 2026Value 90.91+0.81%

RS vs Nifty 50091

Valuation & peers

U-Score 64 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies

Premium Compounder

Fundamental score breakdown

U band · UNDERVALUED

Valuation7/30

Growth25/25

Quality20/20

Balance Sheet6/15

Cash Flow1/10

Piotroski

8/9 (+5)

Penalties

Raw sum

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

64/100 · legacy band UNDERVALUED

Positive drivers

Piotroski is strong at 8/9.
Fair-value margin of safety is positive at 37.7%.
Growth contributes 25/25 to the score.

Main drags

Cash flow is weaker at 1/10; verify the latest quarterly trend.
Valuation is weaker at 7/30; verify the latest quarterly trend.
Balance sheet is weaker at 6/15; verify the latest quarterly trend.

Sector valuation model

Execution business valuation: EV/EBITDA plus order and working-capital risk

Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.

Execution EV/EBITDA

Primary lens

EV/EBITDA and PE against execution quality and margin stability.

Secondary checks

Order book, receivables, working capital, debt, operating cash flow.

Main risk check

Order wins matter only if they convert into cash and margins.

24.7

9.5

EV/EBITDA

15.3

ROE

41.0%

ROCE

32.7%

FCF Yield

—

Debt/Equity

0.9

MoS

+37.7%

Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026

v4.3-runtime-valuation

Final score

Previous: 64

Legacy U-Score band

UNDERVALUED

Previous: UNDERVALUED

Margin of safety

+37.7%

Previous: +37.7%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026

v4.3-runtime-valuation

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number

₹280.34

-220.7% MoS

Growth-justified P/E

39.3

Growth-justified Value

₹1,443.49

+37.7% MoS

PEG

0.12

Comparable companies

Peers

Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗

Ticker

Name

Why peer

Score

ROE

MoS

Verdict

WAAREEENER

Mid

Waaree Energies Limited

Emmvee Photovoltaic Power Limited

BOROSIL RENEWABLES LIMITED

Websol Energy System Limited

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Where growth can come from, and what can break the case

Thesis under stressReviewed 2026-06-04T07:40:05.107Z

Management commentary snapshot

FY26 revenue grew 20.7% YoY to INR 80,259 Mn, with PAT surging 61.1% YoY to INR 15,097 Mn. Q4 FY26 showed strong sequential momentum, with revenue up 15.4% QoQ and PAT up 16.7% QoQ, driven by increased production and improved margins.

While Premier Energies delivered robust financial growth and aggressive capacity expansion, the rapid diversification into new product lines and upstream manufacturing introduces significant execution and technology risk. The stated 0% export order book raises questions about international ambitions, and the sustainability of margins amidst high capex and policy shifts requires close monitoring.

Current business mix

Q4 FY26 Revenue by Business

Latest issuer-disclosed distribution across 3 reported categories.

Module75.0%

Cell22.0%

Others3.0%

Growth engines

Vertical Integration

Developing 10 GW integrated ingot-wafer-cell-module capacity to enhance scale and cost competitiveness.

Diversified Product Portfolio

Expansion into BESS solutions, solar inverters, and transformers, expected to contribute ~25% of group revenues.

Technology Expertise

Early adoption of next-generation cell technologies like TOPCon G12R and zero-busbar for superior performance.

Transcon Acquisition

Acquisition of 51% stake in Transcon, adding transformer manufacturing with 6.75 GVA operational capacity and a 10 GVA plant under construction.

Capacity and execution

Module Manufacturing

Commissioned 5.6 GW module manufacturing facility, increasing total capacity to 11.1 GW.

Cell Manufacturing

7 GW cell plant at Naidupeta: 4.8 GW by June 2026; 2.2 GW by September 2026.

Ingot-Wafer Manufacturing

10 GW ingot-wafer plant at Naidupeta: 5 GW by December 2027; 5 GW by December 2028.

BESS Container Plant

6 GWh capacity planned in first phase by March 2027; land acquired, civil work started.

Tailwinds

Record Solar Capacity Addition

India saw 44,614 MW AC solar capacity addition in FY 2026, indicating strong market demand.

Policy Impetus for Solar Schemes

Government schemes like PM-Surya Ghar and KUSUM are driving demand for solar installations.

Soaring BESS Demand

Total estimated BESS demand by 2036 is 321 GWh, supported by VGF and localization policies.

Policy Shift to Upstream Manufacturing

ALMM-II (Cells) and ALMM-III (Ingot-wafers) mandates are creating a clear roadmap for domestic manufacturing.

Headwinds

Upstream Manufacturing Challenges

Upstream manufacturing involves rapid technology change, high capex intensity, and complex operational processes.

International Trade Protectionism

Proposed US tariffs on imports from India and EU's aim to reduce dependence on any single country could impact export opportunities.

Risk radar

Technological Implementation & Advancements

The company's forward-looking statements are subject to risks from technological changes and advancements.

Withdrawal of Governmental Fiscal Incentives

Future performance is subject to risks related to the withdrawal of governmental fiscal incentives.

Ability to Implement Strategy

The company's future growth and expansion depend on its ability to successfully implement its strategy amidst industry competition.

Management accountability

What management said, and what results must prove

Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.

Analyst reading lens

Compare BOTH

YoY comparison is essential for assessing overall annual growth and long-term trends in a manufacturing business. QoQ comparison is crucial for tracking sequential momentum, utilization rates, and the ramp-up of newly commissioned capacities and diversified product lines.

Sector KPIs management disclosed

Annual Revenue

FY26: 80,259 INR Mn (+20.7% YoY)

Q4 Revenue

Q4 FY26: 22,689 INR Mn (+15.4% QoQ)

Annual PAT Margin

FY26: 18.8% (+61.1% YoY)

Q4 PAT Margin

Q4 FY26: 20.1% (+16.7% QoQ)

Management forward view

Mission 2028

To become India’s leading provider of cleantech solutions with a portfolio of complementary products and vertically integrated capacity of 10 GW+.

Allied Products Contribution

Allied products (BESS, inverters, transformers) are expected to contribute about 25% of group revenues.

Sales Synergies

Diversified product portfolio with new engines of growth is expected to lead to lower cost of customer acquisition and better margins.

Thesis monitor

Numbers and claims to verify in the next filings

Checkpoint	Current evidence	What to verify next
Cell & Module Capacity Utilization	Q4 FY26: Cells 73%, Modules 84%	Sustained high utilization rates as new capacities are commissioned and ramped up.
Order Book Export Share	0% as on March 31, 2026	Diversification into export markets, especially given stated international opportunities and policy shifts.
Allied Products Revenue Contribution	3% of Q4 FY26 revenue	Ramp-up towards the management's target of ~25% of group revenues.
Net Debt / EBITDA	1.40x at FYE 2026	Any significant increase in leverage due to aggressive capex for new projects.

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Trust Score

72Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 69th percentile of the scored universe and 67th percentile within Industrials. Main check: cash conversion is weak at 43/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 21 Oct 2026

management-trust-v1

58 docs text-extracted · 20 concalls text-extracted

Score band

Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank

69th percentile

overall median 67 · Industrials: 67th pctile, median 68 · Mid: 40th pctile, median 76

Evidence depth

Financial-only

58 documents have extracted text, but claim history is not strong enough yet.

Claim delivery

Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence

What it measures

Reliability of management and financial delivery, using financial behaviour only.

Confidence

Treat this as an early read until more concalls and outcomes are matched.

Investor use

Acceptable, but check the weakest sub-score before increasing exposure.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter

acceptable · holding, pledge, alignment

Cash flow

weak · profit to cash conversion

Balance sheet

strong · leverage and solvency

Discipline

strong · capital discipline

Results

strong · quarterly consistency

Trust positives

▸Promoter holding is 58.5%.
▸Promoter pledge is zero.
▸ROCE is 32.7%.
▸4/4 latest quarters had positive YoY revenue growth.

Trust risks

▸Promoter holding fell 5.5%.
▸Only 0 years of positive FCF.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Compare Industrials stocks Browse Indian stocks starting with P Explore fundamental stock screeners Browse Indian investment themes

Related companies

Waaree Energies Limited (WAAREEENER)Emmvee Photovoltaic Power Limited (EMMVEE)BOROSIL RENEWABLES LIMITED (BORORENEW)Vikram Solar Limited (VIKRAMSOLR)Websol Energy System Limited (WEBELSOLAR)

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

Source: Bse

Open source ↗

Verify on:NSE India ↗

All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.

Premier Energies Limited (PREMIERENE)

Trend score and candlestick chart

Technical chart

Relative performance and chart statistics

What the evidence says now

Financials

Quarter ended 30 Jun 2026

Fundamentals

Valuation

Profitability

Growth (CAGR)

Balance Sheet

Cash Flow

Shareholding

Revenue

Net Profit

Technicals

Daily technical trend read

Relative Strength & Trend Stage

Valuation & peers

Fundamental score breakdown

Why this score?

Positive drivers

Main drags

Execution business valuation: EV/EBITDA plus order and working-capital risk

Stored run vs live recompute

Score history

Factor attribution

Modelled fair value

Comparable companies

Business, management & trust

Where growth can come from, and what can break the case

Q4 FY26 Revenue by Business

Vertical Integration

Diversified Product Portfolio

Technology Expertise

Transcon Acquisition

Module Manufacturing

Cell Manufacturing

Ingot-Wafer Manufacturing

BESS Container Plant

Record Solar Capacity Addition

Policy Impetus for Solar Schemes

Soaring BESS Demand

Policy Shift to Upstream Manufacturing

Upstream Manufacturing Challenges

International Trade Protectionism

Technological Implementation & Advancements

Withdrawal of Governmental Fiscal Incentives

Ability to Implement Strategy

What management said, and what results must prove

Annual Revenue

Q4 Revenue

Annual PAT Margin

Q4 PAT Margin

Mission 2028

Allied Products Contribution

Sales Synergies

Numbers and claims to verify in the next filings

How to read this Trust Score

Forensic breakdown

Trust positives

Trust risks

Continue researching Premier Energies Limited

Important announcements & filings

Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Sep - Premier Energies to attend UBS conference in Mumbai on Sept 10 and Jefferies conference in Delhi on Sept 17, 2026.

Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Sep - Management to attend Morgan Stanley virtual India Industrials & Energy Seminar on September 16, 2026.

Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Sep - Schedule of Analyst/Institutional Investor Meet - September 10, 2026

Announcement under Regulation 30 (LODR)-Press Release / Media Release 21 Sep - Premier Energies commissioned 7 GW Naidupeta solar cell plant, lifting total capacity to 10.6 GW.

Announcement Under Regulation 30 (LODR) 10 Sep - PBTPL signed binding term sheet with RCT India for 12 GWh BESS JV; 6 GWh phase in FY27-28.

Announcement under Regulation 30 (LODR)-Press Release / Media Release 10 Sep - Premier Energies signs binding term sheet with RCT India for 12 GWh BESS plant in Telangana; first phase 6 GWh.

Aug 2026 · Transcript

Announcement under Regulation 30 (LODR)-Press Release / Media Release 18 Aug - CRISIL upgrades Premier Energies’ long-term credit rating to A+/Positive.

Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Aug

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Aug - Schedule of Analyst/Institutional Investor Meet - Motilal Oswal 22nd Annual Global Investor Conference

Announcement under Regulation 30 (LODR)-Press Release / Media Release 9 Jul - Premier Energies inaugurated 5.6 GW Seetharampur plant; module capacity reaches 11.1 GW, with BESS and frames projects begun.

Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Jun