In the June 4 trading session, shares of India’s first company to manufacture explosives and detonating fuses with indigenous technology were trading as low as Rs. 2,488.35, compared to its previous closing price of Rs. 2,635.35.

2,834 crore with a market capitalization of Rs PREMIER EXPLOSIVES LIMITED (PEL) has given a multi-bagger return of around 477.8% in one year and a positive return of around 75.2% in the last six months.

PEL is India’s first company to develop explosives and detonating fuses with indigenous technology, while it is the world’s first company to manufacture safe and green NHN detonators on a commercial scale, and solid propellants for India’s missile programs. is the first private company to manufacture .

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The company’s strategic roadmap for FY24-25 consists of various objectives.

In its vision for FY25, the company aims to maintain its leadership in high-energy materials for both defense and space applications, and plans to develop low-cost processes and techniques for manufacturing industrial explosives.

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Further, PIL is committed to expanding its capabilities for missile integration and meeting ISRO’s complete belt drive requirements.

Finally, it seeks to expand its market presence by entering the export market for defense products and high-energy components.

In FY23-24, the company acquired a license to manufacture solid propellants at Catipally Solid Propellant Plant to manufacture large-sized solid propellants for ISRO and DRDO.

The above greenfield project at Katipalli, Hyderabad is in about 150 acres, while another 100 acres of land is available for further expansion.

The company’s RDX and HMX plant has been commissioned and has started to cater to domestic needs and the domestic market, and is receiving orders for the overseas market.

PIL is expanding its product portfolio of missile programs of solid propellants, rocket motor hardware, thermal insulation and hot fusion, warheads, ammonium perchlorate, HTPB and CL20, and pyrogen igniters.

Financially, the company’s overall revenue from operations grew by around 66% year-on-year to Rs. 52.32 crore in Q4 FY22-23 to Rs 86.8 crore in Q4 FY23-24 with a 179.83% YoY increase in net profit. 2.43 crore to Rs.6.8 crore during the same period.

Further, the board of the company has approved the proposal for allotment of equity shares in the ratio of 5:1 and has fixed June 21 as the record date.

This means that, 1 The equity share company will be divided into 10 each with a face value of Rs. 5 Equity shares worth Rs. 2 each

Established in 1980, Premier Explosives Limited is engaged in the manufacture of high energy materials such as bulk explosives, packed explosives, detonators, detonating fuses, solid propellants, pyrogen igniters, pyro devices, etc., in mining, infrastructure, space, defense, etc. I have applications. Homeland Security and other such areas.

The company also operates and maintains solid propellant plants for defense and space agencies.

Written by Shivani Singh

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