Premier Explosives Ltd.PREMEXPLN₹594.35 +8.73%

Shares of Premier Explosives Ltd. surged up to 11%, reaching an intraday high of ₹605.00 apiece, after the company announced that the Telangana Pollution Control Board (TGPCB) had revoked its closure order for the Katepally factory. The decision allows the company to resume production activities at the facility, which had been non-operational since a tragic accident on April 29, 2025.

The incident, a fire and explosion at the solid propellant mixing building, resulted in the loss of three lives and injuries to six others. Following the accident, the TGPCB issued a closure order, which was lifted today, marking a major positive development for the company. Premier Explosives has committed to ensuring full compliance with all conditions stipulated in the TGPCB’s order.

The shutdown had primarily impacted the production of large-diameter rocket motors, a key supply for agencies like ASL and ISRO. The company had previously estimated a revenue loss of ₹25-30 crore spread over two years due to the incident and the time required to rebuild the damaged structures. However, management had clarified in recent earnings calls that the financial impact was limited to this specific product line, with most of its tactical missile production remaining unaffected.

About Premier Explosives

Premier Explosives, established in 1980, manufactures explosives and accessories for both commercial and defense purposes. It is the only private entity in India that produces and supplies solid propellants for prestigious missiles like Akash and Astra.

For the quarter ended June 30, 2025, the company’s total revenue was ₹14,803.61 lakhs, a significant increase from ₹8,402.73 lakhs in the same quarter last year. The Profit Before Tax for the period was ₹2,282.41 lakhs, compared to ₹374.66 lakhs in the corresponding period of the previous year.

Over the last three and five years, this stock has given multibagger returns of more than 500% and 2,380%, respectively.

Let’s take a look at its Factor Analysis scores: 

Note: The stock prices mentioned are as of 1:00 pm.

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.