Rs 750 Crore Order Book: Rocket motor company receives an order worth Rs 22.36 crore from an International Entity
DSIJ Intelligence-1 / 31 Jul 2025/ Categories: Multibaggers, Trending
The stock is up by 48 from its 52-week low of Rs 308.95 per share and has given multibagger returns of 1,950 per cent in 5 years.
Premier Explosives Limited has secured a significant purchase order valued at Rs 22.36 crore from an international entity for the supply of Rocket Motors. This contract, a testament to the company's manufacturing capabilities in specialised defence components, requires the delivery of these Rocket Motors on or before March 31, 2026. This order highlights Premier Explosives Limited's growing presence in the international defence sector and its ability to meet global demands for advanced explosive systems.
Earlier, the company received an export order for a total consideration of USD 1,22,40,000, i.e. approximately Rs 105 crore, for the manufacture and supply of defence explosives, to be delivered within 12 months.
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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 over Rs 2,700 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 48 from its 52-week low of Rs 308.95 per share and has given multibagger returns of 1,950 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.