PREMIER EXPLOSIVES LTD

Manufactures explosives and energetic materials — solid propellants for missiles, rocket motors, countermeasure systems such as chaffs and flares, and commercial explosives for mining. An order book of Rs 1,294 cr as of Q3 FY26 provides multi-year visibility, split between defense (Rs 1,191 cr, 92%), commercial explosives (Rs 51.8 cr, 4%) and operations and maintenance services (Rs 51.8 cr, 4%). It is described as the only Indian company qualified to manufacture countermeasures and a key exporter of fully assembled rocket motors, with FY26 revenue of Rs 388.34 cr. Raw materials at 49.1% of revenue are the dominant input cost, followed by employees at 17.7% and other operating expenses at 14.7%. A Rs 429 cr Ministry of Defence chaffs and flares order was secured in October, and the Katepally RDX/HMX expansion is scheduled to commission in Q1 FY27 with a guided FY27 revenue contribution of Rs 150–200 cr.