Ammunition includes projectiles such as bullets or bombs, as well as fuses, propelling charges, or primers, which are fired from guns or other weapons. It may also contain explosive military items such as grenades or shells.
In a legal context, the term “ammunition” refers to ammunition or cartridge cases, primers, bullets, or propellant powder designed for use in any firearm.
Solar Industries India Ltd
Solar Industries India Limited is an Indian-based integrated global explosives company. The company primarily produces industrial explosives and explosive-initiating devices. Its segment is explosives and their accessories.
Industrial explosives and defense systems are among the company’s products. Its industrial explosives line includes packaged emulsion explosives, bulk explosives, and explosive initiating systems. It is a domestic manufacturer of bulk and cartridge explosives, detonators, detonating cords, and other components.
The company’s defense products include high-energy materials like HMX, RDX, and TNT, as well as composite propellants for Pinaka, Akash, Brahmos, PSOMXL, and Skyroot.
Ammunition such as 30 mm ammunition, multi-mode hand grenades, mines, warheads, a bund blasting device; artillery fuses, ASW fuses, Pyros, and igniters; chaff payloads; loitering munition; rocket integration; and explosive ammunition filling.
According to the investor presentation for the September quarter, the company has an order book status of ₹3,912 crores.
In addition, according to the filing on January 8, 2024, the company received a ₹994 crore order from an international client to supply products for defense-based applications for three years.
In the September quarter, the Net revenue of the company fell by 14% YoY from ₹1,567 crores to ₹1,347 crores and their net profit rose by 10% YoY from ₹189 crores to ₹209 crores.
Solar Industries India Limited is a large-cap stock with a market capitalization of ₹57,110 crores, the share price of the company rose by 60% last year.
The share price of Solar Industrie India Limited opened up at 0.6% on Friday at ₹6,382.30 per share from its previous close of ₹6,340.90.
Premier Explosives Limited
Premier Explosives Limited, based in India, manufactures high-energy materials and related products for the defense, space, mining, and infrastructure industries.
The company has two geographical segments: India and the rest of the world. Its primary mission is to develop and manufacture solid propellants for rockets and strap-on motors used in satellite launch vehicles.
Ammunition, chaff, infrared flares, explosive bolts, pyro devices, smoke markers, cable cutters, tear gas grenades, pyrogen igniters, and Blazer Plates are among the company’s diverse product offerings for defense and space applications.
Premier Explosives Limited operates two defense and explosive manufacturing facilities in Peddakundukur and Katepally, both in Telangana. In addition, it operates six bulk explosive manufacturing facilities in Madhya Pradesh, Maharashtra, Telangana, and Tamil Nadu.
Premier has been producing solid propellants since 2003, and its facilities in Peddakandukuru, Nalgonda district, Telangana, are constantly expanding. The company has successfully contributed to the production of solid propellants for a variety of tactical missiles including Astra, Akash, and LRSAM, as well as rockets such as Pinaka.
In Addition, in their recent investor presentation, the company mentioned that they are Ongoing on Chaffs & Flares, Air Target Imitators (for Air Defence & Indian Army and underdevelopment of 70 mm rockets, Air-Glide bombs, Re-graining of existing missiles, Indigenization of power cartridges, and Canopy severance system for the Indian Air Force.
The company is also expanding its product portfolio to include solid propellant, rocket motor hardware, thermal insulations and hot integration, warheads, ammonium perchlorate, HTPB and CL20, and a pyrogen igniter for the missile program.
Additionally, India’s Defense Ministry has imposed an import embargo on ‘101+ defense items’ as part of the ‘Atmanirbhar Bharat Programme,’ anticipating contracts worth Rs. 4 lakh crore for the domestic industry in the next 5-7 years.
Aligned with the ‘Make in India’ initiative, the move aims to enhance self-reliance. The government plans to launch the ‘Open General Export License’ scheme to boost defense product exports.
Defense exports have grown sevenfold in the last three years to ₹10,745 crores. India is acquiring the NASAMS II from the US, and the ‘Strategic Partnership’ policy aims to involve large private corporates, fostering a robust defense ecosystem, including MSMEs.
In the December quarter, the Net revenue of the company rose by 19.4% YoY from ₹37.30 crores to ₹44.56 crores and their net profit rose by 187% YoY from ₹0.58 crores to ₹1.67 crores.
Premier Explosives Limited is a small-cap stock with a market capitalization of ₹1,525 crore, the share price of the company rose by 254% last year. For instance, if an investor invested ₹1 Lakh a year ago the current value of the investment would be ₹3.54 lakh.
The share price of Premier Explosives Limited opened down at 1.7% on Friday at ₹1,330.05 per share from its previous close of ₹1,353.20.
Written by Sriram KV
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