Premier Explosives secured a $12.24 million (₹105 crore) export order for defence explosives. The stock rose over 4% on an intraday basis, supported by a ₹750 crore order book.
The Nifty 50 index recovered from the lower levels and reclaimed the 25,200 mark while broader mid-cap and small-cap indices saw minimal movement. However, stock-specific continued in the market. One stock which was in the limelight on July 16 is Premier Explosives.
Premier Explosives received a major export order, details as given below
Premier Explosives Limited has announced the receipt of a substantial export order for the manufacture and supply of Defence Explosives. The order, valued at $12,240,000, which is approximately ₹105 Crore, is from an international client. The company is expected to deliver the order within a period of 12 months.
The order specifically pertains to the manufacturing and supply of Defence Explosives to an international entity.
As of March 2025, the company has a strong order Book of ₹750 crore, which is 1.8x of FY25 Revenue. Premier Explosives is the only qualified Indian company for countermeasures and also specialises in the export of fully assembled rocket motors.
In the quarterly results for March 2025, the company reported a decline in both revenue and profitability compared to the same period last year. Revenue from operations stood at ₹740.80 crore, down 14.64% from ₹867.90 crore in March 2024. Profit after tax also fell sharply by 44.19%, decreasing from ₹66.30 crore in March 2024 to ₹37.00 crore in March 2025.
On a yearly basis, however, the company showed growth in revenue. For the full year ending March 2025, revenue from operations increased by 53.63% to ₹4,174.50 crore compared to ₹2,717.20 crore in the previous year. Despite this revenue growth, profit after tax showed only a marginal increase of 1.53%, rising from ₹281.20 crore in FY24 to ₹285.50 crore in FY25.
On Wednesday, the share price of Premier Explosives jumped over 4.2% to an intraday high of ₹556.30 per share. As of 12:24 pm IST, the stock price was trading at ₹545 per share, up by 2.36%.
On a year-to-date basis, the stock is up by 0.51% while in the last 12 months it has seen a decline of 23.78%. In the longer period of 5 years, the Premier Explosives stock price has surged by over 1,770%.
Premier Explosives Limited, established in 1980, is a leading Indian manufacturer of high-energy materials and allied products. The company's diverse product portfolio caters to critical sectors such as defence, space, mining, and infrastructure industries. Their offerings include bulk explosives, packaged explosives, detonators, detonating fuses, solid propellants, pyrogen igniters, and pyro devices. Premier Explosives is also involved in the operation and maintenance services of solid propellant plants for defence and space establishments, including ISRO and DRDO, and is noted as India's first private manufacturer and supplier of solid propellants to the Indian Defence segment.
Disclaimer: The article is for informational purposes only and not investment advice.
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