Premier Explosives Stock Up by 0.68% as It Secures ₹6.62 Crore International Defence Order
By Shishta Dutta | Published at: Jun 20, 2025 12:16 PM IST
Hyderabad, June 20, 2025: The shares of Premier Explosives Limited (BSE: 526247, NSE: PREMEXPLN) were up by 0.68% or ₹4.00 and were trading at ₹591.30 at around 11:35 AM today. The increase in stock price follows the company’s announcement of receiving a significant international purchase order worth approximately USD 762,860.08 (approximately ₹6.62 crore) for the manufacture and supply of defence products. The order, awarded by an undisclosed international client, is slated for execution within six months.
As per the company’s disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015, the transaction does not involve any related parties, and the promoters hold no interest in the awarding entity.
Order Highlights
| Details | Information |
|---|---|
| Client | International (undisclosed) |
| Nature of Order | Manufacture & supply of defence products |
| Order Size | USD 762,860.08 (₹6.62 crore) |
| Execution Timeline | Within 6 months |
| Promoter/Group Involvement | None |
| Related Party Transaction | No |
Key Trading Metrics (as of 11:35 AM, June 20)
| Metric | Value |
|---|---|
| Last Traded Price | ₹591.30 |
| Change | +₹4.00 (+0.68%) |
| Traded Volume | 2.32 lakh |
| Traded Value | ₹13.73 crore |
| VWAP | ₹591.68 |
| Free Float Mkt Cap | ₹1,818.61 crore |
| Total Mkt Cap | ₹3,182.66 crore |
Volatility & Price Bands
| Metric | Value |
|---|---|
| 52-Week High | ₹908.80 (21-Jun-2024) |
| 52-Week Low | ₹309.15 (03-Mar-2025) |
| Annualised Volatility | 80.81% |
| Price Band (%) | 20% |
| Adjusted P/E | 109.89 |
The stock is currently classified under ST ASM-1, indicating that its P/E ratio has remained above 50 for the past four quarters, triggering additional surveillance by the Securities and Exchange Board of India (SEBI).
What Does This Mean For The Investors?
The ₹6.62 crore international defence order is a positive development for Premier Explosives, highlighting its export potential and niche defence capabilities. While the order size is modest, it reinforces the company’s credibility in the global defence supply chain. However, with a high P/E of 109.89 and the stock under ST ASM-1 surveillance, investors should stay cautious and track execution progress and future order wins before taking long-term positions.
About Premier Explosives Limited
Premier Explosives Limited, listed on both BSE and NSE since June 17, 2016, is a Hyderabad-based manufacturer specialising in high-energy materials and explosives for the defence and space sectors. It serves both domestic and international markets with a portfolio of solid propellants, pyro devices, and warhead explosives.
With its latest export win, the company continues to strengthen its foothold in global defence manufacturing, positioning itself as a critical player amid India’s growing prominence in defence exports.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/e3c3aa47-f905-4b57-987b-aca1c292dc2c.pdf
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
