Open Offer
Premier Explosives Reports 26% Open Offer Acquisition
Apollo Micro Systems acquired 1,39,77,911 Premier Explosives shares, representing 26% of the company, through its open offer on 4 November 2026.
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Chemicals & Petrochemicals
Explosives
2,806 Cr
High Risk
83.6
34.8
1.5
9.8
829.95
378.80
Sales CAGR
Profit CAGR
ROE
ROCE
Open Offer
Apollo Micro Systems acquired 1,39,77,911 Premier Explosives shares, representing 26% of the company, through its open offer on 4 November 2026.
Earnings Call/Transcript
Premier Explosives will hold a conference call on November 13, 2026, at 12:30 PM IST to discuss its Q2 and H1 FY27 financial results.
Board Meeting
Premier Explosives will hold a board meeting on November 12, 2026, to consider unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
Shareholding Pattern
Rajasthan Global Securities Private Limited sold 26,53,831 Premier Explosives shares through an open offer and open market transactions, reducing its holding to 0.08%.
Change in Directors/KMP
Premier Explosives announced that Lt. Gen. Peruvemba Ramachandran Kumar ceased to be an Independent Director on November 1, 2026, after completing his second five-year term.
Premier Explosives Ltd (PREMEXPLN) is currently trading at 522.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Premier Explosives Limited manufactures high-energy materials, explosives, detonators, solid propellants, pyro devices and propulsion systems for mining, infrastructure, defence, space and homeland security, operating indigenous technology plants, specialist divisions and subsidiaries including solid propellant and propulsive product lines. Q1 FY27 saw revenue decline 28% year-on-year to INR102.6 crore and PAT fall 80% to INR3 crore, primarily from raw material cost headwinds and execution timing; management targets INR600 crore FY27 revenue and EBITDA margins of 15–20%, supported by a INR1,393 crore defense-heavy order book giving multi-year visibility. A strategic milestone is the promoter stake acquisition by Apollo Micro Systems, expected to integrate defense electronics with Premier’s energetic materials, potentially opening naval opportunities, broader defence systems programs, enhanced R&D capabilities and accelerated export prospects tied to combined offerings and scale. Operational developments include near-complete Katepally RDX/HMX plant with imminent water trials, resolution of several pending export licences enabling dispatch, and ongoing expansion discussions in Andhra Pradesh subject to land pricing; these factors drive execution focus for H2 FY27 and beyond.
Over the past 52 weeks, Premier Explosives Ltd has traded between a low of ₹378.80 and a high of ₹829.95. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Premier Explosives Ltd has a market capitalization of approximately 2,844.77. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Premier Explosives Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 84.79 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 2,844.77 Cr, Premier Explosives Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Premier Explosives Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Premier Explosives Ltd is 84.79. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Apollo Micro Systems Limited offered ₹698 per Premier Explosives share. Applicable interest of ₹7.65 per share took the stated total payable amount to ₹705.65 per share where applicable.
The base open offer price is ₹698 per share, and the IDC update describes total consideration of ₹705.65 per share including ₹7.65 interest.
The IDC recommended the open offer and stated the offer consideration of ₹705.65 per share, including applicable interest, is fair and reasonable.
The Committee of Independent Directors recommended the open offer as fair and reasonable and said the price complies with Regulation 8 of the SEBI (SAST) Regulations.
