Premier Energies bulk deal: Promoters promote stake price Rs 2,289 crore; Quant, Nomura amongst high consumers
The mixed transaction worth stood at round Rs 2,289 crore. Among the many sellers, Surenderpal Singh Saluja offered 1.56 crore shares, whereas Manjeet Kaur Saluja offloaded 50.46 lakh shares. Charandeep Singh Saluja offered 13.08 lakh shares and Jasveen Kaur Saluja divested 19.37 lakh shares.
On the purchase facet, Smallcap World Fund Inc bought 24.44 lakh shares, whereas Quant Mutual Fund purchased 40.83 lakh shares. Nomura India Funding Fund Mom Fund acquired one other 25 lakh shares. Different traders who purchased the stake embrace Kotak Mahindra Life, SBI Life, Kotak MF amongst others
The entry of huge institutional traders into the counter comes at a time when investor curiosity in renewable vitality and home photo voltaic manufacturing corporations stays elevated amid India’s clear vitality push and import substitution efforts.
Premier Energies has additionally seen robust earnings momentum pushed by speedy capability enlargement throughout modules and cells.
The corporate not too long ago reported a 38% year-on-year enhance in This autumn FY26 income to Rs 2,230 crore, whereas revenue after tax rose 64% to Rs 450 crore. EBITDA through the quarter elevated 28% year-on-year to Rs 670 crore, although EBITDA margin contracted 300 foundation factors to 30%.
The corporate’s module manufacturing capability has now reached 11.1 GW, whereas cell capability at present stands at 3.6 GW and is anticipated to develop to 10.6 GW by ongoing initiatives scheduled for commissioning later this yr.Premier Energies not too long ago commissioned its 5.6 GW Sitarampur module facility in Telangana and expects full ramp-up over the subsequent few months.
In line with Elara Securities, the corporate is aggressively increasing built-in manufacturing capability, with a 4.8 GW cell enlargement focused for June 2026 and one other 2.2 GW enlargement deliberate for September 2026.
The brokerage mentioned Premier Energies is endeavor aggressive FY27 capex of Rs 5,100 crore throughout photo voltaic cells, ingot-wafer manufacturing, batteries and inverters.
Elara Securities maintained its “Accumulate” ranking on the inventory and raised its goal worth to Rs 1,052 from Rs 886.
The brokerage mentioned Premier Energies is “set to guide by FY28” amongst India’s photo voltaic tools producers, helped by backward integration and large-scale capability additions.
Aside from photo voltaic manufacturing, the corporate has additionally been diversifying into transformers and energy tools by Transcom, the place transformer capability is anticipated to rise almost sevenfold to 16.75 GVA by July 2026 with a give attention to high-margin HV and EHV segments.
The newest promoter stake sale comes amid robust investor curiosity in renewable vitality and home manufacturing-linked themes over the previous yr, supported by coverage incentives, production-linked schemes and rising home demand for photo voltaic tools.
