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Premier Overview

1. Business Overview

Premier Ltd. is an Indian engineering company primarily engaged in the manufacturing and supply of industrial equipment and components. Its core business revolves around high-precision engineering, specifically in the areas of machine tools (e.g., CNC machines, special purpose machines) and automotive components. The company also offers related engineering services. Premier Ltd. leverages its long-standing expertise in design, manufacturing, and technology to serve various industrial sectors, helping clients with capital expenditure needs, precision manufacturing, and modernization. It generates revenue by selling its manufactured products and providing associated services.

2. Key Segments / Revenue Mix

While specific revenue contributions are not available, Premier Ltd.'s operations are typically segmented into:

Machine Tools: Manufacturing and sales of a range of machine tools for various industrial applications.

Engineering Components: Production of high-precision components, often for the automotive sector and other heavy industries.

Engineering Services: Offering design, installation, and maintenance support for its products and other engineering solutions.

3. Industry & Positioning

The Engineering - Industrial Equipments sector in India is diverse and competitive, characterized by a mix of large integrated players, specialized smaller firms, and multinational corporations. It is largely dependent on capital expenditure cycles in manufacturing, infrastructure, and other industrial sectors. Premier Ltd., with its long history, operates as an established player in specific niches, particularly in machine tools and precision components. While it may not hold dominant market leadership across all its offerings, it maintains a reputable position through technical expertise, customization capabilities, and an established client base, often competing with both domestic and international machinery manufacturers.

4. Competitive Advantage (Moat)

Premier Ltd. possesses certain competitive advantages, albeit often in specific niches rather than broad market dominance:

Technical Expertise & Experience: Decades of experience in high-precision engineering, design, and manufacturing capabilities in specialized machine tools and components.

Established Client Relationships: A long operational history likely translates into enduring relationships with industrial clients, providing repeat business and insights into customer needs.

Brand Reputation (Niche): Within its specific industrial segments, Premier may have a recognized brand for reliability and quality, reducing perceived risk for B2B customers.

Customization Capabilities: Ability to offer tailored engineering solutions and specialized machinery, which can create switching costs for clients.

5. Growth Drivers

"Make in India" Initiative: Government focus on boosting domestic manufacturing and reducing import dependency drives demand for industrial machinery and components.

Increased Capital Expenditure: Growth in various end-user industries (automotive, defense, infrastructure, general manufacturing) leads to higher demand for industrial equipment upgrades and expansions.

Automation & Modernization: Indian industries' ongoing need to automate processes and modernize plants to enhance efficiency and competitiveness.

Export Opportunities: Potential for specialized machine tools and components to be exported to international markets.

Product Development: Introduction of new, technologically advanced machine tools and components catering to evolving industry demands.

6. Risks

Cyclical Nature of Capital Goods: Demand for industrial equipment is highly sensitive to economic cycles and industrial capital expenditure, leading to revenue volatility.

Intense Competition: Facing competition from both domestic players and international manufacturers, potentially impacting pricing power and market share.

Technological Obsolescence: Rapid advancements in manufacturing technology necessitate continuous R&D investment to remain competitive.

Raw Material Price Volatility: Fluctuations in prices of steel, alloys, and other raw materials can impact profit margins.

Supply Chain Disruptions: Dependency on global and domestic supply chains for components and materials makes the company vulnerable to disruptions.

Working Capital Management: The project-based nature of some segments can lead to challenges in managing working capital effectively.

7. Management & Ownership

Premier Ltd. is an older, publicly listed Indian company, likely founded and promoted by a business family. Promoter groups typically hold a significant stake, guiding the company's long-term vision and strategic direction. The management team generally comprises individuals with deep experience in engineering, manufacturing, and industrial operations, necessary for navigating the complexities of the capital goods sector. The ownership structure includes the promoter group, public shareholders, and potentially institutional investors.

8. Outlook

Premier Ltd. operates in a crucial sector for India's industrial growth, poised to benefit from government initiatives like "Make in India" and a broader push towards domestic manufacturing and infrastructure development. Its long-standing experience and technical expertise provide a solid foundation. However, the company remains sensitive to the cyclical nature of capital expenditure, intense competition from both domestic and global players, and the need for continuous technological upgrades. Its ability to innovate, manage working capital efficiently, and secure a consistent order pipeline will be critical for sustained performance in a dynamic industrial landscape.

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Premier Key Financials

Market Cap ₹9 Cr.

Stock P/E -1.1

P/B -0

Current Price ₹3

Book Value ₹ -112.6

Face Value 10

52W High ₹4.2

Dividend Yield 0%

52W Low ₹ 2.7

Premier Share Price

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Volume
Price

Premier Quarterly Price

Show Value Show %

Premier Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 2 0
Total Income 0 0 0 0 0 0 0 0 2 0
Total Expenditure 1 0 0 0 0 0 1 1 1 0
Operating Profit -0 -0 -0 -0 -0 -0 -0 -0 1 -0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 1 1 1 1 2 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -3 -3 -2 -2 -2 -2 -2 -2 -0 -2
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -3 -3 -2 -2 -2 -2 -2 -2 -0 -2
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -3 -3 -2 -2 -2 -2 -2 -2 -0 -2
Adjusted Earnings Per Share -0.9 -0.8 -0.6 -0.6 -0.6 -0.6 -0.8 -0.6 -0.1 -0.6

Premier Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 100 36 20 16 10 2 0 0 0 0 0
Other Income 1 2 12 29 30 5 0 0 1 1 2
Total Income 101 38 32 45 40 7 1 0 1 1 2
Total Expenditure 111 64 67 117 125 25 10 2 2 2 3
Operating Profit -10 -27 -35 -72 -85 -18 -9 -2 -1 -1 1
Interest 57 70 66 65 56 42 2 2 2 1 0
Depreciation 32 29 28 29 21 19 13 10 8 6 5
Exceptional Income / Expenses 74 18 5 -29 141 -4 0 0 0 0 0
Profit Before Tax -25 -108 -124 -196 -21 -82 -25 -14 -10 -8 -6
Provision for Tax 0 1 -0 1 46 0 -2 0 0 0 0
Profit After Tax -25 -109 -124 -197 -67 -83 -22 -14 -10 -8 -6
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -25 -109 -124 -197 -67 -83 -22 -14 -10 -8 -6
Adjusted Earnings Per Share -8.3 -35.8 -40.8 -64.7 -22.1 -27.3 -7.4 -4.5 -3.4 -2.7 -2.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% -100% 0%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -10% 8% -0% -22%
ROE Average 0% 0% 0% -29%
ROCE Average 0% 0% 0% 1%

Premier Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 406 307 184 -10 -200 -283 -306 -319 -330 -338
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 169 152 92 47 15 0 0 0 0 0
Other Non-Current Liabilities -16 -40 -41 -41 5 19 18 16 15 13
Total Current Liabilities 402 453 483 601 470 482 487 501 505 508
Total Liabilities 962 872 719 598 290 217 199 198 190 183
Fixed Assets 472 357 350 167 92 73 53 43 35 29
Other Non-Current Assets 28 120 130 134 132 129 131 131 132 132
Total Current Assets 462 396 238 297 66 15 15 24 23 22
Total Assets 962 872 719 598 290 217 199 198 190 183

Premier Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 0 1 0 0 0 6 15 14
Cash Flow from Operating Activities 8 -8 55 -28 -17 11 5 -2 -2 -2
Cash Flow from Investing Activities -0 2 22 34 170 24 1 0 1 2
Cash Flow from Financing Activities -8 5 -77 -7 -153 -35 -0 11 -0 -0
Net Cash Inflow / Outflow 0 -1 0 -0 0 -0 6 10 -1 0
Closing Cash & Cash Equivalent 1 0 1 0 0 0 6 15 14 14

Premier Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -8.29 -35.78 -40.82 -64.73 -22.08 -27.29 -7.4 -4.49 -3.43 -2.68
CEPS(Rs) 2.11 -26.11 -31.54 -55.1 -15.14 -21.11 -2.98 -1.13 -0.89 -0.8
DPS(Rs) 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 133.81 36.95 -3.53 -67.47 -89.42 -116.72 -100.67 -105.16 -108.59 -111.27
Core EBITDA Margin(%) -10.42 -74.2 -234.76 -611.5 -1168.31 -1168.38 -2505.36 0 0 0
EBIT Margin(%) 28.81 -99.13 -291.49 -792.04 349.08 -2042.74 -5846.91 0 0 0
Pre Tax Margin(%) -22.76 -278.31 -620.26 -1185.31 -214.99 -4122.19 -6339.56 0 0 0
PAT Margin (%) -22.76 -279.74 -617.94 -1191.36 -679.61 -4145.03 -5793.76 0 0 0
Cash Profit Margin (%) 5.78 -204.13 -477.45 -1014.16 -465.98 -3206.06 -2335.57 0 0 0
ROA(%) -2.62 -11.85 -15.59 -29.87 -15.11 -32.68 -10.8 -6.87 -5.36 -4.37
ROE(%) -6.2 -41.9 -244.36 0 0 0 0 0 0 0
ROCE(%) 3.95 -5.66 -12.76 -48.85 69.96 0 0 0 0 0
Receivable days 345.53 876.31 1340.3 1107.72 772.61 0 0 0 0 0
Inventory Days 325.48 920.58 1652.33 1474.91 1085.53 980.5 0 0 0 0
Payable days 426.14 938.15 1274.3 191.69 197.87 815.26 5777.82 0 0 0
PER(x) 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0.23 0.81 -5.49 -0.11 -0.01 -0.02 -0.05 -0.02 -0.03 -0.02
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 4.82 14.71 21.74 24.07 20.17 86.23 451.82 0 0 0
EV/Core EBITDA(x) -46.81 -19.57 -12.25 -5.45 -2.33 -9.59 -18.91 -96.33 -151.83 -163.33
Net Sales Growth(%) 0 -64.45 -44.57 -17.09 -39.58 -79.73 -80.6 -100 0 0
EBIT Growth(%) 0 -220.78 -51.9 -123.46 126.36 -218.58 44.47 47.74 25.99 23.72
PAT Growth(%) 0 -331.48 -14.1 -58.56 65.88 -23.59 72.88 39.27 23.76 21.77
EPS Growth(%) 0 -331.48 -14.1 -58.56 65.88 -23.59 72.88 39.27 23.76 21.77
Debt/Equity(x) 0.99 3.92 -35.05 -1.83 -0.73 -0.47 -0.55 -0.52 -0.51 -0.49
Current Ratio(x) 1.15 0.87 0.49 0.49 0.14 0.03 0.03 0.05 0.05 0.04
Quick Ratio(x) 0.9 0.66 0.32 0.41 0.12 0.03 0.03 0.05 0.05 0.04
Interest Cover(x) 0.56 -0.55 -0.89 -2.01 0.62 -0.98 -11.87 -6.6 -5.37 -4.62
Total Debt/Mcap(x) 4.31 4.86 6.37 17.07 55.67 21.39 10.94 29.58 17.69 19.93

Premier Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 27.37 27.37 27.37 27.37 27.37 27.37 27.37 27.37 27.37 27.37
FII 0.49 0.49 0.49 0.49 0.49 0.49 0 0 0 0
DII 5.76 5.76 5.76 5.76 5.76 5.76 5.76 5.76 5.76 5.76
Public 66.38 66.38 66.38 66.38 66.38 66.38 66.87 66.87 66.87 66.87
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Premier News

Premier Pros & Cons

Pros

  • Stock is trading at -0 times its book value
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Promoter holding is low: 27.37%.
  • Company has a low return on equity of 0% over the last 3 years.
  • Earnings include an other income of Rs. 1 Cr.
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