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Premier Energies Limited

PREMIERENE.NS
60
Solar · Technology
Price
₹1047.20
+5.50 (+0.53%)
Market Cap
₹472.60B
Exchange
National Stock Exchange of India
Winston Score
60
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 9, 2026 · filings through Jun 30, 2026

Premier Energies Limited is an Indian company that makes solar cells and solar panels. It sells these products to solar power project developers, utilities, and government-backed energy programs across India. The company is one of India's largest integrated solar manufacturers, meaning it handles multiple steps of production — from making the cells to assembling the finished panels.

Premier Energies earns money by selling solar modules and cells directly to customers, with some revenue coming from engineering and installation services for solar projects. It operates primarily in India, benefiting from the country's large push to expand renewable energy capacity under national clean energy targets. The company's vertical integration gives it some cost advantages over rivals that rely on imported components. The key growth driver is India's ambitious solar expansion plan, but the main risk is intense competition from low-cost Chinese solar manufacturers and potential changes in government import policies that could affect pricing and demand.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+35.3% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+50.4% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

74.3%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$29.0B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Strong grower

Premier Energies Limited is growing revenue at 35% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.5% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 446.8M (2022) → 448.9M (2026)

Score breakdown

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Quality

Gross Margin
32.5%
Modest — 32.5% gross margin
Operating Margin
25.1%
Excellent — 25.1% operating margin
ROCE
7.8%
Weak — 7.8% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY
+26.7%
Fast-growing sales (+26.7% YoY)
EPS YoY
+58.8%
Earnings growing fast (+58.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion
37%
Weak — only 37% of profit becomes cash
FCF Margin
-5.0%
Burning cash (-5.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.85
Moderate — manageable debt (0.85)
Interest Cover
13.02x
Comfortably covers interest (13.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)
28.4x
Growth-priced — P/E 28.4

P/E above the market average. People are paying up for expected growth.

P/E vs Forward
+7.3
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (28.4 → 21.1)

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Dividends

Dividend Yield
0.15%
Small dividend — 0.15% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth
N/A
Data not available

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