The shares of Explosive stock, specializing in the manufacturing of industrial explosives and detonators, jumped upto 4 percent upon receiving an export work order for Rs. 21.45 crores from the International clients.
Price action
With a market capitalization of Rs. 1,720.36 crores on Wednesday, the shares of Premier Explosives Limited jumped upto 4.12 percent making a high of Rs. 341.00 per share compared to its previous closing price of Rs. 327.50 per share.
What Happened
Premier Explosives Limited, engaged in the manufacturing of industrial explosives and detonators, has received an export order worth Rs. 21.45 crores from the International clients for supplying Defence Explosives which is to be delivered within 5 months.
About the Company
Premier Explosives Limited is a leading manufacturer of industrial explosives and detonators, offering a wide range of products including bulk explosives, detonators, accessories, and serving sectors like mining, construction, and defense. The company specializes in providing advanced and reliable blasting solutions for various applications.
Order Book
Premier Explosives Limited’s order book shows a decline from Rs. 964.7 crore in March 24 to Rs. 827 crore in September 24. The order book is primarily divided among sectors, with Defence accounting for 88 percent, while services and explosives make up 9 percent and 3 percent, respectively.
Product and service offerings
The company manufactures bulk and packaged explosives, detonators, and fuses. It produces solid propellants for missiles like Akash and Astra, along with pyro devices such as chaff, IR flares, and explosive bolts. The company also operates and maintains solid propellant plants for ISRO and DRDO.
Financials
The company’s revenue rose by 250 percent from Rs. 47.44 crore to Rs. 166.14 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 1.71 crores to Rs. 9.22 crore during the same period.
Written by Sridhar J
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