Premier Explosives Ltd
NSE:PREMEXPLN
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Premier Explosives Ltd
Premier Explosives Ltd. engages in the manufacture of explosives, detonators, propellants, services, and other traded items. The company is headquartered in Secunderabad, Telangana. The firm's geographical segments include India and the Rest of the world. The company is focused on developing and manufacturing solid propellants for rockets and strap-on motors for satellite launch vehicles. The Company’s extended capabilities include products, such as chaff, infrared (IR) flares, explosive bolts, pyro devices, smoke markers, cable cutters, tear gas grenades and many other products, including pyrogen igniters for defense and space applications. The firm has over two units under defense and explosive manufacturing, where one unit is at Peddakundukur and the second at Katepally, which are located in the State of Telangana. In addition, the Company has over six bulk explosive manufacturing locations spread across Madhya Pradesh, Maharashtra, Telangana and Tamil Nadu.
Premier Explosives Ltd. engages in the manufacture of explosives, detonators, propellants, services, and other traded items. The company is headquartered in Secunderabad, Telangana. The firm's geographical segments include India and the Rest of the world. The company is focused on developing and manufacturing solid propellants for rockets and strap-on motors for satellite launch vehicles. The Company’s extended capabilities include products, such as chaff, infrared (IR) flares, explosive bolts, pyro devices, smoke markers, cable cutters, tear gas grenades and many other products, including pyrogen igniters for defense and space applications. The firm has over two units under defense and explosive manufacturing, where one unit is at Peddakundukur and the second at Katepally, which are located in the State of Telangana. In addition, the Company has over six bulk explosive manufacturing locations spread across Madhya Pradesh, Maharashtra, Telangana and Tamil Nadu.
Revenue Growth: H1 FY26 revenue rose 23% YoY to INR 217.7 crores, but Q2 FY26 revenue fell 20% YoY and 47% QoQ due to order execution delays.
Profit Jump: Q2 FY26 net profit surged 113% YoY and 17% QoQ to INR 17.9 crores, with a PAT margin of 23.6%.
Order Book Strength: Order book is at INR 1,297 crores, about 3.1x FY25 revenue, with defense segment making up 90%.
Guidance Narrowed: FY26 revenue guidance is now INR 500–600 crores (vs earlier INR 600 crores), with EBITDA margin expected at 15–20%.
Execution Delays: Lower Q2 revenue/margins blamed on dispatch delays and pre-dispatch inspections, but management expects recovery in coming quarters.
CapEx & Expansion: Ongoing major CapEx in Odisha and Andhra Pradesh for new defense explosives capacity, to be funded in phases via internal accruals, bank loans, and possibly QIP.
Product & Export Mix: Strong growth in countermeasures and rocket motors; exports form 35–40% of sales, with new product development underway.
