Premier Explosives Ltd
Premier Explosives Ltd (PREMEXPLN)

Premier Explosives Ltd (PREMEXPLN)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-14.26 %
3 Month Return38.64 %
1 Year Return82.62 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 233
Rank 187
Rank 98
Dividend Yield
Rank 177
Rank 396
Price To Book Ratio
Rank 143
Debt To Asset
Rank 197

Company Information

Promoted by A N Gupta and S V Kannan both of whom have more than 20 years of experience in the industry Premier Explosives PE located in a mining area close to Singareni Collieries enjoys the benefit of being close to the endusers.Premier Explosives which started operations in 1980 intially manufactured small/large diameter explosives bulk explosives or SME and detonators. It has diversified into the manufacture of detonating fuses 4 mtpa and penta erythritol tetra nitrate PETN: 100 tpa. Commercial production began in Sep.93.Premier Explosives also manufactures sitemixed slurry SMS bulk explosives and detonators with an installed capacity of 11000 tpa and 32 mln pa respectively. The plants for PETN and detonating fuses went on stream in 199495. The company which started out as an ancillary unit to Singareni Collieries now also supplies to Coal India and Neyveli Lignite. The company had set up plants for bulk explosives in Madhya Pradesh and Maharashtra. It has also diversifed into the production of white button mushrooms which have export potential. It is availing of tax advantage by setting up a 100 EOU in Medak Andhra Pradesh inst. cap. : 3000 tpa. It acquired land and entered into an agreement with Tray Master UK for technical knowhow and critical equipment. A marketing agreement has been entered into with Metro Trade US to market 70 of its production. The other 30 will be marketed directly. The Company has started a division at Singrauli for manufacture of SMS explosives. The Company has also entered into the area of Rock Blasting Drilling contracts.The Companys IT venture was launched through the vertical portal Chemnetindia.comThe companys explosivesdetonators and detonating divisions have been accredited ISO 9002 Certification.
OrganisationPremier Explosives Ltd