Premier Explosives Limited is an India-based company primarily engaged in the manufacture of high energy materials and allied products for the defense, space, mining, and infrastructure industries. Established in 1980 by first-generation entrepreneur Dr. A.N. Gupta, the company is a Public company incorporated on February 14, 1980, and is registered at the Registrar of Companies, Hyderabad.
The company holds the distinction of being India's first private manufacturer and supplier of solid propellants and the only domestic manufacturer and supplier to the Indian Defence segment. Since its inception, it has been a research and innovation-oriented company, successfully manufacturing explosives and detonators with totally indigenous technology in the 1980s and 1990s.
Premier Explosives is focused on developing and manufacturing solid propellants for rockets and strap-on motors for satellite launch vehicles. The company manufactures high energy materials including bulk explosives, packaged explosives, detonators, detonating fuse, solid propellants, pyrogen igniters, and pyro devices. These products find applications in mining, infrastructure, defence, space, homeland security, and related areas.
The company's extended capabilities include products such as chaff, infrared (IR) flares, explosive bolts, pyro devices, smoke markers, cable cutters, tear gas grenades, and many other products including pyrogen igniters for defense and space applications. In 2013, the company achieved a significant milestone by starting commercial-scale manufacture of detonators with Nickel Hydrazine Nitrate (NHN) as primary charge, emerging as the world's first to do so.
Premier Explosives operates two dedicated units for defense and explosive manufacturing: one unit at Peddakundukur and the second at Katepally, both located in Telangana state. Additionally, the company has six bulk explosive manufacturing locations spread across Madhya Pradesh, Maharashtra, Telangana, and Tamil Nadu. The Katepally Greenfield Project operations were commissioned in 2021, expanding its production capabilities.
The Defence & Space segment is a major contributor to the company's revenue, accounting for 84% in 9M FY25 compared to 63% in FY22. This segment manufactures solid propellants, fully assembled rocket motors, high explosive charges, chaffs and flares, and pyro initiators. Key clients include prominent organizations like Bharat Electronics, ASL, ISRO, and Bharat Dynamics Ltd.
The company also undertakes operation and maintenance (O&M) services for solid propellant plants at the Sriharikota Centre of ISRO and the Solid Fuel Complex at Jagdalpur under the umbrella of DRDO. The production of solid propellants was commissioned in September 2006, followed by the commissioning of Solid Fuel Complex (SFC) Jagdalpur operations from November 2009.
For the full year FY25, Premier Explosives recorded a modest net profit rise of 1.5% to ₹28.55 crore, while net sales significantly increased by 53.6% to ₹417.45 crore over FY24. However, PBT (Profit Before Tax) experienced a 6.7% year-on-year decline to ₹37.54 crore in FY25, and EBITDA fell by 0.9% to ₹58 crore in the same period.
Recent quarterly performance shows mixed results. In Q4 FY25, net profit declined 44.59% to ₹3.74 crore and sales decreased 14.64% to ₹74.08 crore compared to the same quarter in the previous year. Conversely, Q3 FY25 demonstrated strong growth, with revenue jumping 250.21% to ₹166.14 crore and net profit surging 439.18% to ₹9.22 crore compared to the corresponding period last year.
• Market Capitalization: ₹3,028 crore (as of recent data)
• 52-week High: ₹908.80
• 52-week Low: ₹309.15
• P/E Ratio: 115.27
• P/B Ratio: 14.93
• Promoter Holding: 41.3%
• FY25 Net Sales: ₹417.45 crore (up 53.6%)
• FY25 Net Profit: ₹28.55 crore (up 1.5%)
• Q3 FY25 Revenue: ₹166.14 crore (up 250.21%)
• Q3 FY25 Net Profit: ₹9.22 crore (up 439.18%)
In May 2025, the company's stock experienced a decline following a closure order from the Telangana Pollution Control Board due to a factory incident. However, the Telangana PCB revoked the factory closure on June 2, 2025, after a compensation payment of ₹6.75 lakh, allowing production to resume.
Premier Explosives has been actively securing new orders, demonstrating its strong market position. Recent international defence orders worth USD 762,860 and ₹1.73 crore are scheduled for delivery within 6-12 months. Additionally, the company received a ₹2.60 crore export order for commercial explosives with delivery scheduled in 2 months.
The company holds 10,000 equity shares in PELNEXT Defence Systems Private Limited, representing 100% of its equity share capital, making it a wholly-owned subsidiary as of FY 2022. Premier Wire Products Limited also became a subsidiary with the acquisition of an 80% equity stake. The company's authorized share capital is ₹150 crore, and its paid-up capital stands at ₹107.52 crore.
Premier Explosives continues to position itself as a key player in India's defense and space manufacturing ecosystem, leveraging its indigenous technology capabilities and strategic partnerships with major defense organizations. The company's recent order acquisitions and successful resolution of operational challenges underscore its resilience and potential for future growth in a critical sector.
