Premier Energies share price rose 3% on Monday after the company announced a massive INR 2,703-crore order win and the expiration of its one-year post-IPO shareholder lock-in period. The dual developments have put the solar energy major in focus as investors weigh its growth momentum and the supply overhang in the stock.
Premier Energies’ Order Win Boosts Growth Visibility
In an NSE and BSE filing, Premier Energies said its subsidiaries — Premier Energies Photovoltaic, Premier Energies Global Environment and Premier Energies International — have together bagged orders worth INR 2,703 crore.
The contracts from IPPs and other customers involve the supply of solar PV modules and cells with an aggregate capacity of 2,059 MW. Execution is for FY26 and FY27, and are one-time contracts with no related-party involvement and will be fulfilled in India.
Premier Energies order addition further strengthens the company’s already strong pipeline. As of May 2025, Premier Energies had an order book of 4,539 MW worth INR 6,946 crore.
Stock Market Reaction
Open INR 995.05 on BSE, touched INR 1,023.30 intraday and consolidated around INR 1,015–1,020, up 3% from Friday’s close of INR 990.7.
Despite being 30% below its post-listing high of INR 1,388, Premier Energies share price is still above its IPO price of INR 450 and has given 152% returns since listing in September 2024.
Premier Energies Lock-In Expiry
Premier Energies order win coincides with the end of the company’s one-year shareholder lock-in period. As of today, 185.2 crore shares (41% of equity), worth INR 18,347 crore at Friday’s close, are free to trade.
End of lock-in means supply pressure, but not all shares will come to market. Promoters hold 64.25% and institutional investors have been increasing their holdings — mutual funds have increased from 4.22% to 8.34% in the last year, and FIIs from 3.08% to 4.41%.
The number of small retail shareholders has reduced from 4.05 lakh to 3.7 lakh, indicating consolidation of ownership into stronger hands.
Financial Performance
Premier Energies’ operational momentum is strong. In Q1 FY26, the company reported a 55% YoY jump in net profit to INR 307.8 crore, with revenues at INR 1,869.6 crore vs INR 1,668.7 crore in Q1 FY25. Profit before tax was up sharply at INR 402.9 crore from INR 245.7 crore a year ago.
Earlier, in Q3 FY25, Premier Energies had posted a sixfold jump in net profit to INR 255.2 crore, with 140% revenue growth. EBITDA margin has been trending up, from 21.6% in FY25 Q1 to 30.2% in June 2025, due to both scale and efficiency.
Most importantly, the company is also leading technological innovation. Its TOPCon (Tunnel Oxide Passivated Contact) solar cell line, one of the first in India, is a step into next-gen high-efficiency solar technologies.
Industry Position and Outlook
Founded in 1995 by Surender Saluja and now led by his son Chiranjeev Saluja (MD & CEO), Premier Energies has become one of India’s largest integrated solar PV manufacturers. Backed by GEF Capital Partners, the company is the second-largest integrated player in India, with offerings in solar cells, modules, EPC services and O&M solutions.
The company’s ability to win large orders and capacity expansion, and bifacial and dual-glass modules diversification, shows its intent to be a major player in India’s renewable energy space.
Final Words
The two triggers — INR 2,703-crore order wins and lock-in expiry — have made Premier Energies the stock to watch this week. While short-term volatility cannot be ruled out as newly unlocked shares become available for trade, the structural growth story is intact.
For long-term investors, the company’s strong balance sheet, robust order book, margin expansion and technological leadership make it a good play on India’s renewable energy story.
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