Rs 750 Crore Order Book: Rocket Motor Company Share Price Jumps Over 9% as Secures Rs 190 Crore Export Order
DSIJ Intelligence-2 / 04 Aug 2025/ Categories: Mindshare, Trending
The stock is up by 43 from its 52-week low of Rs 308.95 per share and has given multibagger returns of 1,950 per cent in 5 years.
On Monday, the share price of Premier Explosives Limited jumped over 9 per cent to an intraday high of Rs 467.75 per share. As of 11:52 am IST, the stock price was trading at Rs 446.10 per share, up by 4.4 per cent.
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Premier Explosives Limited announced on August 04, 2025, that it has received a substantial export order for the manufacture and supply of Defence Explosives.
The order, awarded by an International Entity, has a total consideration of USD 21,750,000, which is approximately equivalent to Rs 190.07 Crore. The company is tasked with executing this order within a period of 2 years. The nature of the contract exclusively involves the manufacturing and supply of Defence Explosives. Premier Explosives Limited has confirmed that neither its promoter, promoter group, nor any group companies have any interest in the international entity that awarded this contract, and the transaction does not fall under related party transactions.
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 2,400 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 43 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.