3 Tweets 3 reads Jul 11, 2023
Is it time for
Premier explosives to explode?
Mcap 515cr
FY23 Rev 202cr
I had the thread ready, but it exploded already. Here it is!!
In 3-4 years, has a target of 700cr annual rev, 15-20% ebitda
Includes defense & aerospace!!
Missed targets in past,will they deliver now??
OrderBook๐Ÿ’ฃ
First export shipment of rocket motors for the overseas entity started in February 2023
Outstanding orderbook on 31-Mar-23 is 521cr-> 2.58x of FY23 REV
Recently received solid propellants order for MRSAM, Astra missiles from BDL
Aerospace orders to start in Fy25
Premier Explosives is the only qualified Indian company for counter measures and export of fully assembled rocket motors.
In addition to the rocket motors and warheads, production of solid propellants of larger size for isro & DRDO against new orders started at Katepally plant

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