Premier Explosives Gets New Export Order of Rs 190 Crore

Hyderabad, August 4, 2025 – Premier Explosives Limited (BSE: 526247, NSE: PREMEXPLN) shares gained today after the company announced that it had secured a major export contract worth approximately around ₹190.07 crore from an undisclosed international client for manufacturing and supplying defence explosives over the next two years.

The company recently got another ₹22 crore order for rocket motors.

The stock closed the day, up by 4,15% at Rs 444.

Export Order Details

In an exchange filing, Premier Explosives confirmed the receipt of a two-year export contract for the manufacture and supply of defence explosives valued at approx. ₹190.07 crore from an international entity. The order will be executed over the next 24 months and does not involve any promoter or related-party interest, ensuring full compliance with SEBI’s related-party transaction norms. Notably, this deal does not involve any related party transactions, indicating an independent international collaboration.

Market Reaction

Following the announcement, the company’s stock witnessed strong market traction. The shares closed at ₹444.00, up 4.15% from the previous close. The stock hit an intraday high of ₹467.75 and a low of ₹423.00, with solid trading volumes. The day’s volume stood at around 4.6 lakh shares, amounting to a traded value of over ₹20 crore. The volume-weighted average price (VWAP) hovered near ₹449.

The company’s market capitalization climbed to approximately ₹2,461 crore, with a free float market cap of about ₹1,420 crore, reflecting strong investor confidence in its growing global footprint and export potential. As per the exchange portal, the stock has delivered significant price volatility over the last six months, qualifying it for cautionary tags. Its adjusted P/E remains elevated at 79.76, indicating premium valuation.

About the Company

Premier Explosives Limited is a publicly listed Indian defence manufacturing company based in Secunderabad, Telangana. Incorporated in 1980 and listed since June 2016, the company specializes in high-energy materials including solid propellants, explosives, and accessories for defence and space applications.

The stock remains in focus for investors looking at India’s growing defence manufacturing and export ecosystem.

REF: https://nsearchives.nseindia.com/corporate/PREMEXPLN_04082025111237_BSENSEDefExplOrder03082025.pdf

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