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PREMIER ENERGIES PHOTOVOLTAIC PRIVATE LIMITED

Active
Updated: 29 Oct 2024

Premier Energies Photovoltaic Private Limited, is an unlisted private company incorporated on 17 August, 2016. It is classified as a private limited company and is located in Rangareddi, Telangana. It's authorized share capital is INR 150.00 cr and the total paid-up capital is INR 149.01 cr.

Premier Energies Photovoltaic's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has increased by 644.15% over the previous year. At the same time, it's book networth has increased by 6075.57%.

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Industry

Business Services
Products
  • Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities, Manufacturing of Solar Cells
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
158.16%
₹ 3,117.0
EBITDA
558.55%
₹ 436.8
Net Profit
-
₹ 252.1
Networth
284.18%
₹ 340.6
Borrowings
53.4%
₹ 687.9
Assets
74.16%
₹ 2,068.2
Gross Margin
5.79
19.4 %
Operating Margin
8.52
14.0 %
Net Profit Margin
10.44
8.0 %
Return on Equity
107.01
74.0 %
ROCE
50.72
55.7 %
Debt to Equity
-3.04
2.0
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (4)
State Type Address

location icon Locations on Map

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Tofler Score

Very Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • HIGH LEVERAGE
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales - 7.1 278.1 1,207.4 3,117.0
Operating profit - -2.2 8.9 66.3 436.8
Net profit -0.3 -16.0 -29.8 -29.3 252.1
Gross margin - -0.2 16.8 13.6 19.4
Operating margin - -30.6 3.2 5.5 14.0
Net margin -74.4 -164.9 -10.7 -2.4 8.0
Networth 32.8 20.6 1.4 88.7 340.6
Borrowings 116.8 261.5 476.9 448.5 687.9
Assets 151.3 402.6 713.7 1,187.5 2,068.2
Debt to equity 3.6 12.7 332.1 5.1 2.0
Current ratio 72.0 0.6 0.9 1.0 1.2
ROE -0.8 -77.7 -2,072.7 -33.0 74.0
Days payable - 4,428.0 184.0 117.0 94.0
WC days - -2,850.0 -42.0 -8.0 28.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 17.1 20.9 31.6 149.0 149.0
Reserves 15.7 -0.3 -30.2 -60.3 191.6
Borrowings + 116.8 261.5 476.9 448.5 687.9
Long term borrowings 116.8 242.6 406.4 314.1 261.9
Short term borrowings - 18.9 70.4 134.3 426.0
Trade payables + 0.6 85.7 116.6 335.3 647.5
Days payable - 4,428.0 184.0 117.0 94.0
Other liabilities + 1.7 120.5 235.4 650.4 1,039.7
Other non-current liabilities 0.3 12.1 34.4 36.8 106.2
Other current liabilities 0.8 22.7 84.4 278.3 286.0
Total liabilities 151.3 402.6 713.7 1,187.5 2,068.2
Fixed Assets + 51.1 324.7 470.2 459.8 442.1
Tangible assets 30.6 324.6 380.8 457.6 441.0
CWIP 20.5 - 89.3 0.4 1.1
Intangible assets - 0.1 0.1 1.9 -
LT loans and advances - - 1.8 6.1 19.6
Other non-current assets 0.2 5.5 1.9 0.7 4.9
Current assets + 100.0 72.3 239.8 721.0 1,601.6
Inventories - 3.9 108.7 520.5 729.5
Trade receivables - 3.7 26.2 43.8 544.0
Cash and cash equivalents 19.1 15.8 21.0 33.2 171.7
ST loans and advances - - - - 0.5
Other current assets 80.9 48.9 84.0 123.5 155.9
Total assets 151.3 402.6 713.7 1,187.5 2,068.2
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + - 7.1 278.1 1,207.4 3,117.0
Sales growth % None None 3842.66 334.2 158.16
Expenses + - 14.1 321.2 1,248.5 2,821.5
Cost of goods - 7.1 231.3 1,042.8 2,511.5
Employee cost - 0.5 6.4 21.5 26.6
Other costs - 1.6 31.4 76.8 142.1
Operating profit + - -2.2 8.9 66.3 436.8
Operating margin % - -30.6 3.2 5.5 14.0
Other income 0.3 2.6 1.4 11.9 17.8
Interest - 3.1 33.0 62.8 85.9
Depreciation - 1.7 19.0 44.7 55.4
Exceptional items - - - - -
Profit before tax 0.3 -4.4 -41.7 -29.3 313.3
Tax 0.5 11.7 -12.0 - 61.2
Profit - disc. ops - - - - -
Net profit -0.3 -16.0 -29.8 -29.3 252.1
Net margin % -74.4 -164.9 -10.7 -2.4 8.0
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 3.6 12.7 332.1 5.1 2.0
Net Debt/Equity 3.0 11.9 317.5 4.7 1.5
Total Debt/Assets 0.8 0.7 0.7 0.4 0.3
Total Assets/Equity 4.6 19.5 497.1 13.4 6.1
Liquidity +
Current Ratio 72.0 0.6 0.9 1.0 1.2
Quick Ratio 72.0 0.5 0.5 0.3 0.6
Interest Coverage - -0.7 0.3 1.1 5.1
Performance
Gross Margin - -0.2 16.8 13.6 19.4
Operating Margin - -30.6 3.2 5.5 14.0
Net Margin -74.4 -164.9 -10.7 -2.4 8.0
Return +
Return on Equity -0.8 -77.7 -2,072.7 -33.0 74.0
Pre-tax ROCE -0.1 -1.4 -2.3 5.0 55.7
Return on Assets -0.2 -4.0 -4.2 -2.5 12.2
Pre-tax ROIC -0.1 -1.5 -2.2 4.3 44.5
Efficiency +
Days Payable - 4,428.0 184.0 117.0 94.0
Days Inventory - 201.0 172.0 182.0 106.0
Days Receivable 0.0 191.0 34.0 13.0 64.0
Fixed Asset Turnover 0.0 0.0 0.6 2.6 7.0
Total Asset Turnover 0.0 0.0 0.4 1.0 1.5
Working Capital
Cash Conversion Cycle 0.0 -4,036.0 22.0 78.0 76.0
Working Capital Days - -2,850.0 -42.0 -8.0 28.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

Indian Renewable Energy Development Agency Limited

No. of Loans: 7

Total Amount : 879.3 cr

2

IndusInd Bank Limited

No. of Loans: 1

Total Amount : 135.0 cr

3

Canara Bank

No. of Loans: 1

Total Amount : 100.0 cr

4

HDFC Bank Limited

No. of Loans: 1

Total Amount : 85.0 cr

5

Yes Bank Limited

No. of Loans: 1

Total Amount : 80.0 cr

6

Axis Bank Limited

No. of Loans: 1

Total Amount : 70.0 cr

7

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 1

Total Amount : 60.0 cr

8

The Karur Vysya Bank Limited

No. of Loans: 1

Total Amount : 60.0 cr

9

ICICI Bank Limited

No. of Loans: 1

Total Amount : 55.0 cr

10

BANDHAN BANK LIMITED

No. of Loans: 1

Total Amount : 50.0 cr

11

The Federal Bank Limited

No. of Loans: 1

Total Amount : 40.0 cr

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Charges

Indian Renewable Energy Development Agency Limited
IndusInd Bank Limited
Canara Bank
HDFC Bank Limited
Others

People

Designation Name DIN/PAN Tenure
Director Surenderpal Singh Saluja
Shareholder
00664597 7 years
Managing Director Chiranjeev Singh Saluja 00664638 9 years
Nominee Director Abhishek Loonker 02069419 4 years
Kmp Nandkishore Khandelwal <HIDDEN> 2 years
Director Uday Pilani Sudhir 06572889 5 years
Director Niyathi Naidu Madasu 08033730 5 years
Director Jasveen Kaur 08246243 5 years
Director Mohan Preet Singh Khurana 09423394 3 years
CS Sardana Laxmi Chandra <HIDDEN> 3 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
PREMIER PHOTOVOLTAIC ZAHEERABAD PRIVATE LIMITED
Active
3.8 L 2 Telangana
PREMIER PHOTOVOLTAIC GAJWEL PRIVATE LIMITED
Active
61.0 L 2 Telangana
PREMIER KURNOOL SOLAR PRIVATE LIMITED
Active
3.8 L 2 Telangana
PREMIER ENERGIES GLOBAL ENVIRONMENT PRIVATE LIMITED
Active
96.8 L 4 Telangana
SVAROG GLOBAL POWER LIMITED
Active
5.0 L 2 Telangana
PREMIER SOLAR POWERTECH PRIVATE LIMITED
Active
18.0 L 4 Telangana
PREMIER ENERGIES LIMITED
Active
45.1 Cr 5 Telangana
MAVYATHO VENTURES PRIVATE LIMITED
Active
2.2 Cr 2 Telangana
RENOVAR ENERGY PRIVATE LIMITED
Active
18.7 L 1 Telangana
AKR CONSTRUCTION (SOLAR) PRIVATE LIMITED
Active
1.0 L 1 Telangana
VENSOL (BIDAR) ENERGY PRIVATE LIMITED
Active
5.1 Cr 2 Karnataka
VENSOL (NIRNA) ENERGY PRIVATE LIMITED
Active
6.7 Cr 2 Karnataka
VINSOL (HUBLI) ENERGY PRIVATE LIMITED
Active
2.8 Cr 2 Karnataka
ALL INDIA SOLAR INDUSTRIES ASSOCIATION
Active
3.6 L 1 Maharashtra
ECOTRICITY SOLAR ENERGY PRIVATE LIMITED
Strike Off
5.0 L 1 Telangana
BRIGHTSTONE DEVELOPERS PRIVATE LIMITED
Active
3.4 Cr 2 Telangana
PREMIER ENERGIES INTERNATIONAL PRIVATE LIMITED
Active
2.2 Cr 4 Telangana
CHAYA ADITHYA ENERGY LIMITED
Strike Off
10.0 L 1 Telangana
INDIAN ASSOCIATION OF INVESTMENT PROFESSIONALS
Active
0.0 1 Maharashtra
ROCHEM SEPARATION SYSTEMS (INDIA) PRIVATE LIMITED
Active
54.0 L 1 Maharashtra
SHAFALI FABRICS PVT LTD
Converted to LLP
2.0 L 1 Telangana
SALASAR GINNING PRIVATE LIMITED
Active
1.1 Cr 1 Telangana
INVENTE INNOVATION LABS PRIVATE LIMITED
Active
1.0 L 1 Telangana
COANTUM IMMERSIVE PRIVATE LIMITED
Active
1.0 L 1 Karnataka
RYZEUP LABS PRIVATE LIMITED
Active
1.0 L 1 Telangana
TELANGANA MOTOR SPORTS FOUNDATION
Active
0.0 1 Telangana
TRISTAR NATURAL RESOURCES LLP
Under process of striking off
90.0 L 1 Telangana

Registered Details

CIN

U74999TG2016PTC111510

PAN

AAXCS4996H

Incorporation

2016, 8.7 years

Company Email

secretarial@premierenergies.com

Paid up Capital

₹ 149.0 Cr

Authorised Capital

₹ 150.0 Cr

AGM

Sep 2023

Type

Private
Non-government Company

FAQ - PREMIER ENERGIES PHOTOVOLTAIC PRIVATE LIMITED

What is the incorporation date of PREMIER ENERGIES PHOTOVOLTAIC PRIVATE LIMITED?

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The incorporation date of PREMIER ENERGIES PHOTOVOLTAIC PRIVATE LIMITED is 17 August, 2016

What is the authorized share capital of PREMIER ENERGIES PHOTOVOLTAIC PRIVATE LIMITED?

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The authorized share capital of PREMIER ENERGIES PHOTOVOLTAIC PRIVATE LIMITED is INR ₹ 150.0 Cr.

What is the paid-up capital of PREMIER ENERGIES PHOTOVOLTAIC PRIVATE LIMITED?

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The paid-up capital of PREMIER ENERGIES PHOTOVOLTAIC PRIVATE LIMITED is INR ₹ 149.0 Cr.

What is the registered address of PREMIER ENERGIES PHOTOVOLTAIC PRIVATE LIMITED?

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The registered address of PREMIER ENERGIES PHOTOVOLTAIC PRIVATE LIMITED is Plot No. 8/B/1 and 8/B/2,E-City,Maheshwaram Mandal Ravirya la Village, Ranga Reddy NA Maheshwaram Rangareddi Telangana - 501359

What is the CIN number of PREMIER ENERGIES PHOTOVOLTAIC PRIVATE LIMITED?

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The CIN number of PREMIER ENERGIES PHOTOVOLTAIC PRIVATE LIMITED is U74999TG2016PTC111510.

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