Manufactures solar photovoltaic cells and modules for power producers, module manufacturers and EPC companies. Operates a 5.6 GW TOPCon module plant at Seetharampur, Telangana, which brings total module capacity to 11.1 GW, alongside a TOPCon cell line running at 90%+ utilisation and targeting 25.5% cell efficiency. Holds an order book of INR 14,010 crores spanning solar cells and modules, and secured INR 3,011 crores of new orders in Q1 FY27 covering 1,846 MW. Acquired a 51% stake in Transcon, an HV/EHV transformer manufacturer that reported FY26 revenue of INR 423 crores and PAT of INR 45 crores. Has incorporated a wholly owned subsidiary (Premier Battery Technologies) for battery energy storage systems and is building a 6 GWh BESS facility plus an 18,000 MT per annum aluminium frames facility on the same Seetharampur campus. Total capacity is targeted to reach 16.75 GVA by July 2026 with FY27 capex of INR 5,100 crores. Materials are the biggest input cost at 54.4% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Solar PV cells and modules, HV/EHV transformers, Battery energy storage systems. Capital-intensive solar PV cell and module manufacturer in heavy capacity expansion phase
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 6,519 | 7,824 |
| EBITDA (ex other income) | 1,781 | 2,377 |
| margin % | 27.3 | 30.4 |
| Owners' profit | 935 | 1,510 |
| EPS, as reported (₹) | 21.35 | 33.63 |
| ROE % · ROCE % | 33.2 · 34.9 | 35.0 · 27.8 |
| Debt / equity (x) | 0.67 | 0.84 |
| Cash from operations | 1,348 | 1,261 |
| Capex | (620) | (2,998) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,527 | 1,713 | 1,621 | 1,821 | 1,837 | 1,936 | 2,230 | 2,463 |
| Profit before tax | 275 | 351 | 368 | 403 | 467 | 505 | 593 | 620 |
| Net profit | 206 | 255 | 278 | 308 | 353 | 392 | 457 | 472 |
| EPS (₹) | 5.71 | 5.66 | 6.16 | 6.83 | 7.89 | 8.72 | 10.14 | 10.45 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WAAREE ENERGIES LIMITED | 75,508 | 19.8 | 5.03 | 12.2 | 25.9 | 29.0 | — | 20.3 |
| APAR INDUSTRIES LTD. | 70,293 | 59.5 | 13.03 | 36.9 | 18.1 | 21.9 | 29.1 | 12.0 |
| PREMIER ENERGIES LIMITED ◆ | 44,224 | 26.2 | 10.26 | 18.0 | 35.0 | 25.7 | — | 30.8 |
| EMMVEE PHOTOVOLTAIC PWR L | 23,872 | 17.9 | 6.46 | 13.3 | 29.3 | 31.2 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Premier Energies, RCT India JV to set up 12 GWh battery storage plant | compliance | low | — | — |
| 10 Sept 2026 · Premier Energies arm signs binding term sheet for 12 GWh BESS JV with German partner | strategic transactions | high | — | — |
| 9 Sept 2026 · Premier Energies to attend Morgan Stanley Virtual Industrials and Energy Seminar | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Management to attend UBS and Jefferies investor conferences in September 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Premier Energies to attend UBS and Jefferies investor conferences in September 2026 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Intra-group shareholding reorganization; Singapore WOS incorporated | strategic transactions | medium | — | — |
| 1 Sept 2026 · Premier Energies sets up Singapore arm, restructures battery storage subsidiaries | strategic transactions | medium | — | — |
| 30 Aug 2026 · Newspaper publication copy submitted to exchange | compliance | minimal | — | — |
| 29 Aug 2026 · Premier Energies files BRSR for FY 2025-26 with Deloitte assurance | general | low | — | — |
| 29 Aug 2026 · Premier Energies 31st AGM on Sept 21, 2026 - up to Rs 5,000 Cr capital raise | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows |
|---|
| — |
| 36.3 |
| MTAR TECHNOLOGIES LIMITED | 22,531 | 168.8 | 27.39 | 120.2 | 11.4 | 12.4 | 28.9 | 25.8 |
| DIAMOND POWER INFRA LTD | 19,448 | 98.9 | — | 94.7 | (26.2) | 8.6 | — | 12.3 |
| AVALON TECHNOLOGIES LTD | 15,293 | 114.3 | 21.19 | 76.2 | 15.6 | 20.0 | — | 12.5 |
| GENUS POWER INFRASTRU LTD | 9,830 | 13.7 | 4.43 | 12.1 | 26.7 | 22.7 | 50.8 | 22.1 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 26.2 | 26.2 | 27 of 53 | 50% |
| P/B | 10.3 | 3.6 | 43 of 49 | 13% |
| ROCE | 25.8 | 12.3 | 10 of 56 | 84% |
| ROE | 35.0 | 11.5 | 7 of 53 | 89% |
| Debt / Equity | 0.8 | 0.2 | 41 of 53 | 23% |
| EBITDA margin | 30.8 | 12.6 | 9 of 51 | 84% |
| Revenue growth | 35.3 | 20.7 | 19 of 46 | 60% |
| Profit growth | 53.3 | 37.7 | 19 of 45 | 59% |
| Market cap | 44224 | 641 | 3 of 56 | 96% |
| Why |
|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
