Rs 750 Crore Order Book: Defence company receives order worth Rs 18.29 crore from an International Client
DSIJ Intelligence-1 / 10 Jul 2025/ Categories: Multibaggers, Trending
The stock is up by 85 from its 52-week low of Rs 308.95 per share and has given multibagger returns of 1,960 per cent in 5 years.
Premier Explosives Limited has announced a significant amendment to a purchase order received from an international entity for the manufacture and supply of defence products. The total value of the order has been substantially increased from USD 762,860.08 (approximately Rs 6.62 crore) to USD 2,133,750 (approximately Rs 18.29 crore). This amended order, which involves the manufacture and supply of defence products to an international client, is to be executed within six months. This marks a considerable boost in the order's size and value for Premier Explosives Limited.
Earlier, the company bagged a purchase order worth Rs 1.73 crores from an international entity. This order is for the supply of Defence products and is expected to be delivered within 12 months. The company clarified that this is an international order and the significant terms involve the supply of these specialised defence products to the undisclosed international client.
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About the Company
Premier Explosives Ltd. is a prominent Indian company specialising in the manufacture of high-energy materials and allied products. Established in 1980 by Dr. A.N. Gupta, it has grown to become a key player in the defence, space, mining and infrastructure sectors. The company is particularly recognised for its pioneering efforts in indigenizing technology for explosives and detonators, including being the world's first to commercially produce detonators using Nickel Hydrazine Nitrate (NHN) as a primary charge. Premier Explosives also produces solid propellants for various rockets and missiles and provides operation and maintenance services for solid propellant plants of defence and space establishments in India.
The company has a market cap of Rs 2,995 crore and as of March 31, 2025, the company’s order book stands at Rs 750 crore. The company has delivered good profit growth of 37.6 per cent CAGR over the last 5 years and debtor days have improved from 76 to 33.3 days. The stock is up by 85 from its 52-week low of Rs 308.95 per share and has given multibagger returns of 1,960 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.