Rs 988.50 Crore Order Book: Defence company receives an order worth Rs 7.38 crore from Ministry of Defence

Premier Explosives Limited has secured a domestic order worth Rs 7.83 crore from the Ministry of Defence, Government of the Republic of India. The contract is for the supply of Counter Measures and must be executed within a 12-month period. This order strengthens the company's position as a key supplier to the Ministry of Defence.

Earlier, the company received an export order worth approximately Rs 190.07 crore (USD 21.75 million) from an international entity. The contract is for the manufacturing and supply of Defence Explosives, with a delivery timeline of two years. This significant order highlights the company's growing presence in the international defence market.

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 2,800 crore and as of June 30, 2025, the company’s order book stands at Rs 988.50 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 over 70 from its 52-week low of Rs 308.95 per share and has given multibagger returns of 2,100 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.