150.55 -2.25 (-1.47%)
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2019-05-27||Premier Explosives L.. +||Karvy||209.65||208.00||209.65 (-28.19%)||Sell|
Premier Q4 Results Mixed: Premier Explosives (PEL) Q4 earnings were higher than our estimates for the quarter at Rs.2.62 (Vs. Est 2.43) on the back of improved EBITDA margin of 8.6% in Q4 (158 bps) and tax write backs (Rs. 77 Mn) despite ~ 30% fall in revenue (Rs. 586 Mn) booked during Q4.
|2018-10-31||Premier Explosives L.. +||Karvy||185.90||177.00||185.90 (-19.02%)||Sell|
Orders Dry-up; Revenue Visibility Turns Bleak: Revenue for Q2 declined by 8.1% YoY to Rs. 535 mn on account of lower explosivesales and EPS growth was flat on YoY basis in Q2 to reach Rs. 2.2. The decline in order backlog is a major disappointment and the current order book stands at Rs. 2,719 mn which is just 1x of FY18 revenues.
|2018-08-14||Premier Explosives L.. +||Karvy||223.00||238.00||223.00 (-32.49%)||Target met||Hold|
Rising Costs Dent Q1 Profitability: Premier Explosives' revenue grew by 4.5% in Q1 to Rs. 569 mn, however, due to rising cost pressures net income margin was down by 270 bps and reached a meagre 1.5% in Q1.
|2018-05-29||Premier Explosives L.. +||Karvy||315.10||361.00||315.10 (-52.22%)||Buy|
Rising Costs Dent Q4FY18 Profitability: Premier Explosives (PRE) Q4FY18 revenue grew by 15% to Rs. 833 mn on the back of strong execution in the defence segment. Defence revenues grew by 57%followed by commercial explosives at 8.5% in Q4FY18. However, multiple factors like unfavourable pricing, higher Ammonium Nitrate (AN) prices and finance costscontributed to fall in earning for the quarter by three-fourth to Rs. 2.4.
|2018-03-06||Premier Explosives L.. +||Karvy||384.80||449.00||384.80 (-60.88%)||Buy|
Order Book Build-up Offers Revenue Visibility; Premier Explosives revenue grew by 21% in Q3FY18 on the back of strong execution; however, pricing pressure in the Coal India contract, delay in pass through of higher Ammonium Nitrate (AN) prices impacted profitability and earnings dropped by 37% YoY to Rs.1.5 in Q3FY18.
|2017-05-29||Premier Explosives L.. +||Rudra Shares and Stock Brokers Ltd||454.85||625.00||454.85 (-66.90%)||Buy|
|2016-11-05||Premier Explosives L.. +||Karvy||368.00||368.00 (-59.09%)||Hold|
Picking Pace in Execution; Margins Expanding: Strong order book position - Premier explosives (Premier) order book by end of Q2FY17 reached to Rs.2370mn; of this, segmental orders for explosives reach to Rs.1610mn, defence to Rs.870mn and services to Rs.250mn.