Rs 988.50 Crore Order Book: Multibagger Defence Stock Jumps 14.2% with Heavy Volume; Here’s Why
DSIJ Intelligence-1 / 17 Sep 2025/ Categories: Multibaggers, Trending
The stock has given multibagger returns of 100 per cent from its 52-week low of Rs 308.95 per share and a whopping 2,400 per cent in 5 years.
On Wednesday, shares of Premier Explosives Limited jumped 14.2 per cent to Rs 624.15 per share from its previous closing of Rs 546.55 per share. The shares of the company saw a spurt in volume by more than 8 times on the BSE.
Premier Explosives Limited has received two significant updates. India Ratings and Research Private Limited has assigned a credit rating of IND A-/Stable for the company's long-term bank loan facilities worth Rs 327 crore, while assigning an IND A2+ rating for its short-term facilities. Additionally, the company has announced that the Telangana Pollution Control Board (TGPCB) has revoked the closure order for its factory in Yadadri-Bhuvanagiri District, Telangana. This decision, following an accident on April 29, 2025, allows the company to resume production activities, provided it complies with all the conditions stipulated by the board.
Earlier, Premier Explosives Limited 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 12 months. This order strengthens the company's position as a key supplier to the Ministry of Defence.
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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 3,300 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 has given multibagger returns of 100 per cent from its 52-week low of Rs 308.95 per share and a whopping 2,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.